Voltas Ltd

Voltas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Voltas Ltd

₹ 1,688 -1.91%
03 Dec - close price
voltas.com BSE: 500575 NSE: VOLTAS
About

Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry.

Voltas was created 6 decades ago when Tata Sons joined hands with a swiss company Volkart Brothers. Voltas is also one of the most reputed engineering solution providers specializing in project management. [1]
The company has 5,000+ Customer sites actively managed across India [2]

Key Points

Unitary Cooling Products(UCP) [1]
Unitary Cooling products comprises Room Air
Conditioners (RAC), Air Coolers, Air Purifiers, Water Heaters, Water Dispensers, Water Coolers, Visi Coolers, Chest Freezers, Cold Rooms & Medical Refrigeration.
As of Q1FY25, company has 21.2% market share in room Acs and 36% in window ACs. It has 30,000+ touchpoints, 330+ EBOs and 5 Experience Zones. The company sold 1 mn units in 88 days. [2]

Website BSE NSE
  • Market Cap ₹ 55,852 Cr.
  • Current Price ₹ 1,688
  • High / Low ₹ 1,946 / 825
  • Stock P/E 102
  • Book Value ₹ 190
  • Dividend Yield 0.33 %
  • ROCE 8.51 %
  • ROE 4.40 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 72.8%
  • Company's working capital requirements have reduced from 46.8 days to 32.4 days

Cons

  • Stock is trading at 8.90 times its book value
  • Company has a low return on equity of 6.09% over last 3 years.
  • Earnings include an other income of Rs.298 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Consumer Durables Industry: Air-conditioners

Part of Nifty500 Multicap India Manufacturing 50:30:20 BSE 400 MidSmallCap Index Nifty Midcap 150 BSE 250 LargeMidCap Index BSE 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,689 1,794 2,667 2,768 1,768 2,006 2,957 3,360 2,293 2,626 4,203 4,921 2,619
1,579 1,670 2,434 2,622 1,696 1,962 2,767 3,206 2,256 2,633 4,051 4,527 2,489
Operating Profit 110 124 232 146 72 44 190 154 37 -8 152 394 130
OPM % 7% 7% 9% 5% 4% 2% 6% 5% 2% -0% 4% 8% 5%
48 29 37 27 -42 -107 47 70 71 58 54 80 105
Interest 6 4 13 4 7 6 12 10 11 14 21 10 14
Depreciation 10 10 9 8 10 11 10 11 12 13 12 13 16
Profit before tax 143 139 247 160 13 -80 214 203 85 24 174 452 205
Tax % 27% 31% 26% 32% 145% 37% 33% 36% 58% 216% 36% 26% 35%
104 97 183 110 -6 -110 143 129 36 -28 111 335 133
EPS in Rs 3.13 2.90 5.52 3.29 -0.22 -3.34 4.35 3.91 1.11 -0.92 3.52 10.10 4.05
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
5,531 5,266 5,183 5,720 6,033 6,404 7,124 7,658 7,556 7,934 9,499 12,481 14,369
5,293 5,000 4,773 5,376 5,484 5,742 6,564 7,040 6,975 7,362 9,045 12,145 13,700
Operating Profit 238 266 411 344 549 663 560 618 580 572 454 336 669
OPM % 4% 5% 8% 6% 9% 10% 8% 8% 8% 7% 5% 3% 5%
102 121 154 261 212 178 174 179 189 188 -77 253 298
Interest 33 23 23 16 16 12 33 21 26 26 30 56 58
Depreciation 28 25 28 26 24 24 24 32 34 37 40 48 55
Profit before tax 280 340 514 563 720 805 677 744 709 697 307 486 855
Tax % 26% 28% 25% 30% 28% 28% 24% 30% 25% 27% 56% 49%
207 246 388 393 520 578 514 521 529 506 136 248 551
EPS in Rs 6.28 7.42 11.62 11.70 15.64 17.30 15.35 15.63 15.87 15.23 4.08 7.62 16.75
Dividend Payout % 25% 25% 19% 22% 22% 23% 26% 26% 32% 36% 110% 72%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 18%
TTM: 35%
Compounded Profit Growth
10 Years: 1%
5 Years: -14%
3 Years: -22%
TTM: 80%
Stock Price CAGR
10 Years: 20%
5 Years: 19%
3 Years: 11%
1 Year: 101%
Return on Equity
10 Years: 11%
5 Years: 8%
3 Years: 6%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 33 33 33 33 33 33 33 33 33 33 33 33 33
Reserves 1,593 1,786 2,069 2,778 3,274 3,872 4,077 4,247 4,960 5,466 5,419 5,787 6,246
262 264 122 271 171 142 315 219 261 361 651 744 871
2,676 2,660 2,662 2,788 2,991 3,249 3,091 3,657 3,402 3,874 4,171 5,430 4,694
Total Liabilities 4,564 4,744 4,886 5,869 6,469 7,296 7,515 8,156 8,655 9,734 10,274 11,994 11,843
300 288 269 276 300 297 343 380 388 384 525 548 824
CWIP 0 2 4 1 1 4 16 26 9 59 98 368 193
Investments 407 732 1,094 1,975 2,268 2,754 2,386 2,343 3,046 3,615 3,109 3,508 3,646
3,857 3,721 3,519 3,617 3,901 4,242 4,771 5,406 5,212 5,676 6,542 7,571 7,180
Total Assets 4,564 4,744 4,886 5,869 6,469 7,296 7,515 8,156 8,655 9,734 10,274 11,994 11,843

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
84 295 311 219 428 325 -321 462 556 584 159 762
65 -285 -104 -315 -73 -199 393 -210 -256 -365 -82 -522
-60 -79 -236 48 -211 -181 -18 -294 -122 -107 55 -116
Net Cash Flow 89 -68 -29 -47 143 -55 53 -42 179 113 133 123

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 90 93 94 87 88 89 92 87 87 97 84 74
Inventory Days 86 85 88 65 78 65 76 97 84 103 79 79
Days Payable 151 154 156 156 172 174 165 177 161 182 149 143
Cash Conversion Cycle 25 24 26 -4 -6 -19 3 7 9 18 14 10
Working Capital Days 46 42 35 38 36 40 57 59 60 54 54 32
ROCE % 16% 17% 22% 19% 22% 22% 17% 18% 15% 13% 10% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30%
24.42% 26.19% 24.67% 24.37% 21.58% 20.58% 19.08% 17.84% 17.18% 14.71% 15.08% 18.09%
29.76% 27.83% 29.44% 29.43% 31.46% 33.14% 33.63% 35.82% 37.00% 40.36% 40.19% 37.25%
0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21%
15.32% 15.47% 15.38% 15.69% 16.45% 15.78% 16.78% 15.84% 15.32% 14.41% 14.22% 14.16%
No. of Shareholders 1,56,7881,71,6201,96,5192,24,2182,61,5012,73,0472,99,2702,80,9422,61,0092,41,7942,47,7752,35,015

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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