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Voltas Limited (VOLTAS.NS)
Mumbai, IN
Voltas Limited, founded in 1954 and headquartered in Mumbai, India, is a leading air conditioning and engineering firm with a significant presence across India, the Middle East, Singapore, and other global markets. Its operations are organized into three primary divisions: Unitary Cooling Products for comfort and commercial applications; Electro-Mechanical Projects and Services; and Engineering Products and Services. The company manufactures, distributes, and maintains a diverse range of cooling appliances and cold storage items, including various air conditioners, air coolers, freezers, display coolers, water dispensers, variable refrigerant flow (VRF) systems, and industrial chillers. Beyond product sales, Voltas undertakes complex electro-mechanical projects, encompassing electrical infrastructure, heating, ventilation, and air conditioning (HVAC) systems, plumbing, firefighting solutions, extra low voltage (ELV) installations, and other specialized engineering endeavors. Voltas also delivers comprehensive facilities management and technical services, such as operations and maintenance contracts for various industries, annual maintenance contracts (AMCs), system retrofits, and energy management solutions. Furthermore, its engineering portfolio includes providing water treatment solutions for industrial, oil and gas, and sewage sectors. The company is involved in the sale and servicing of capital machinery for the textile industry, along with related spares and accessories. It also supplies and services mining and construction equipment, offering associated operations and maintenance support. Complementing these activities, Voltas produces ducts and duct accessories, and manages end-to-end engineering, procurement, and construction (EPC) projects. Additional services extend to drilling, irrigation, landscaping, and the construction of water treatment plants.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -4.59% | -6.19% | -14.30% | -19.32% | -10.18% | -9.34% | -2.83% | +53.69% | +25.46% | +268.88% | +9,109.70% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 8 | 0 |
| Buy | 8 | 0 |
| Hold | 13 | -1 |
| Sell | 3 | 0 |
| Strong Sell | 3 | -1 |
-
Revenue growth Industrial - Machinery: +7.4%-7.6% Q1'26: +2.5% (vs Q1'25)
-
EPS growth Industrial - Machinery: +15.6%-55.3% Q1'26: -51.8% (vs Q1'25)
-
FCF margin FCF growth · Industrial - Machinery: +38.2%-0.5% Q1'26: -23.2% (vs Q1'25)
-
EBIT margin Industrial - Machinery: +10.0%+4.0% Q1'26: +4.1% (vs Q1'25)
-
ROIC Industrial - Machinery: +6.8%+5.9% Q1'26: +7.8% (vs Q1'25)
-
Share dilution Industrial - Machinery: +0.0%+0.0% Q1'26: 0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×1.54× Q1'26: 1.12× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2011 actual |
Mar 2012 actual |
Mar 2013 actual |
Mar 2014 actual |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 33 Rev. Ana. 28 EPS Ana. |
Mar 2027 31 Rev. Ana. 27 EPS Ana. |
Mar 2028 29 Rev. Ana. 28 EPS Ana. |
Mar 2029 12 Rev. Ana. 9 EPS Ana. |
Mar 2030 6 Rev. Ana. 3 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
51.77B
est: 52.07B (-0.6%)
|
51.86B
est: 53.37B (-2.8%)
|
55.31B
est: 56.37B (-1.9%)
|
52.66B
est: 54.41B (-3.2%)
|
51.83B
est: 52.45B (-1.2%)
|
57.20B
est: 55.69B (+2.7%)
|
60.33B
est: 59.89B (+0.7%)
|
64.04B
est: 66.82B (-4.2%)
|
71.24B
est: 72.83B (-2.2%)
|
76.58B
est: 76.66B (-0.1%)
|
75.56B
est: 74.72B (+1.1%)
|
79.34B
est: 81.21B (-2.3%)
|
94.99B
est: 94.15B (+0.9%)
|
124.81B
est: 140.42B (-11.1%)
|
154.13B
est: 155.17B (-0.7%)
|
144.86B
136.69B – 149.29B
-6.6% YoY
|
170.48B
161.68B – 182.25B
+17.7% YoY
|
197.34B
182.29B – 210.62B
+15.8% YoY
|
224.14B
223.74B – 224.53B
+13.6% YoY
|
242.53B
226.80B – 259.05B
+8.2% YoY
|
| EBITDA |
5.62B
est: 6.46B (-13.0%)
|
2.85B
est: 6.15B (-53.7%)
|
2.76B
est: 3.18B (-13.0%)
|
3.04B
est: 3.00B (+1.3%)
|
4.53B
est: 3.91B (+15.8%)
|
4.66B
est: 6.08B (-23.3%)
|
6.16B
est: 7.42B (-17.0%)
|
7.07B
est: 9.63B (-26.6%)
|
6.72B
est: 10.05B (-33.1%)
|
7.16B
est: 7.51B (-4.6%)
|
6.82B
est: 7.25B (-6.0%)
|
6.97B
est: 9.80B (-28.9%)
|
5.87B
est: 10.79B (-45.5%)
|
4.87B
est: 8.68B (-43.9%)
|
11.58B
est: 9.47B (+22.3%)
|
8.96B
8.45B – 9.23B
-5.4% YoY
|
10.54B
10.00B – 11.27B
+17.7% YoY
|
12.20B
11.27B – 13.02B
+15.8% YoY
|
13.86B
13.84B – 13.88B
+13.6% YoY
|
15.00B
14.03B – 16.02B
+8.2% YoY
|
| EBIT |
5.41B
est: 5.07B (+6.6%)
|
2.51B
est: 4.88B (-48.7%)
|
2.48B
est: 1.82B (+36.5%)
|
2.79B
est: 2.22B (+25.9%)
|
4.25B
est: 2.86B (+48.8%)
|
4.44B
est: 2.40B (+84.6%)
|
5.95B
est: 4.82B (+23.5%)
|
6.86B
est: 6.67B (+3.0%)
|
6.52B
est: 7.36B (-11.5%)
|
6.93B
est: 6.72B (+3.2%)
|
6.56B
est: 5.64B (+16.2%)
|
6.70B
est: 7.63B (-12.2%)
|
5.59B
est: 8.39B (-33.4%)
|
4.54B
est: 8.17B (-44.4%)
|
11.05B
est: 8.91B (+24.0%)
|
8.43B
7.95B – 8.68B
-5.4% YoY
|
9.92B
9.41B – 10.60B
+17.7% YoY
|
11.48B
10.60B – 12.25B
+15.8% YoY
|
13.04B
13.02B – 13.06B
+13.6% YoY
|
14.11B
13.19B – 15.07B
+8.2% YoY
|
| Net Income |
3.52B
est: 4.17B (-15.8%)
|
1.62B
est: 3.66B (-55.8%)
|
2.08B
est: 1.71B (+21.4%)
|
2.45B
est: 2.01B (+22.3%)
|
3.84B
est: 2.40B (+60.2%)
|
3.87B
est: 4.02B (-3.7%)
|
5.17B
est: 4.27B (+21.2%)
|
5.72B
est: 5.80B (-1.3%)
|
5.08B
est: 6.15B (-17.5%)
|
5.17B
est: 5.33B (-3.0%)
|
5.25B
est: 4.55B (+15.4%)
|
5.04B
est: 6.15B (-18.0%)
|
1.35B
est: 6.77B (-80.0%)
|
2.52B
est: 4.57B (-44.9%)
|
8.41B
est: 8.70B (-3.3%)
|
5.27B
4.12B – 6.42B
-39.4% YoY
|
8.13B
5.85B – 10.29B
+54.3% YoY
|
11.30B
10.19B – 13.84B
+38.9% YoY
|
13.03B
11.15B – 16.83B
+15.3% YoY
|
18.20B
16.66B – 19.81B
+39.7% YoY
|
| SGA |
—
est: 11.43B (-100.0%)
|
3.34B
est: 8.86B (-62.4%)
|
11.06B
est: 11.29B (-2.0%)
|
11.24B
est: 10.71B (+4.9%)
|
6.86B
est: 8.98B (-23.6%)
|
7.37B
est: 12.17B (-39.4%)
|
7.32B
est: 13.09B (-44.1%)
|
7.09B
est: 11.84B (-40.1%)
|
7.74B
est: 11.54B (-32.9%)
|
7.89B
est: 11.71B (-32.6%)
|
7.37B
est: 11.30B (-34.8%)
|
7.54B
est: 15.27B (-50.6%)
|
8.28B
est: 16.81B (-50.7%)
|
9.58B
est: 12.50B (-23.4%)
|
11.49B
est: 13.63B (-15.7%)
|
12.89B
12.17B – 13.29B
-5.4% YoY
|
15.17B
14.39B – 16.22B
+17.7% YoY
|
17.56B
16.22B – 18.75B
+15.8% YoY
|
19.95B
19.91B – 19.98B
+13.6% YoY
|
21.59B
20.19B – 23.06B
+8.2% YoY
|
| EPS |
10.80
est: 10.84 (-0.3%)
|
4.90
est: 2.83 (+73.3%)
|
6.28
est: 6.45 (-2.7%)
|
7.42
est: 6.19 (+19.9%)
|
11.62
est: 9.49 (+22.4%)
|
11.70
est: 9.70 (+20.6%)
|
15.64
est: 13.25 (+18.0%)
|
17.30
est: 17.62 (-1.8%)
|
15.35
est: 17.11 (-10.3%)
|
15.63
est: 16.91 (-7.6%)
|
15.87
est: 15.03 (+5.6%)
|
15.23
est: 17.32 (-12.1%)
|
4.08
est: 11.77 (-65.3%)
|
7.62
est: 13.81 (-44.8%)
|
25.43
est: 26.24 (-3.1%)
|
16.35
12.46 – 19.42
-37.7% YoY
|
24.73
17.68 – 31.11
+51.2% YoY
|
34.29
30.80 – 41.84
+38.7% YoY
|
40.91
33.71 – 50.87
+19.3% YoY
|
55.00
50.36 – 59.87
+34.5% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-08 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-04 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
No beneficial ownership filings recorded.
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | BOSTON COMMON ASSET MANAGEMENT, LLC | — -260.3K (-100.0%) | — -4.0M (-100.0%) | 0.00% -0.078 pp | 0.00% -0.111 pp | INR— | 12 qtrs SOLD |
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF DRFE.TO | 0.05% | 127.0K | 0.65% |
| 2 | Vanguard Emerging Markets Ex-China ETF VEXC | 0.04% | 89.7K | 0.07% |
| 3 | Schwab Emerging Markets Equity ETF SCHE | 0.03% | 3.66M | 0.06% |
| 4 | Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L | 0.03% | 1.64M | 0.17% |
| 5 | Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L | 0.03% | 1.64M | 0.17% |
| 6 | Vanguard FTSE Emerging Markets Shares ETF VGE.AX | 0.03% | 360.5K | 0.48% |
| 7 | Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO | 0.03% | 813.1K | 0.26% |
| 8 | Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX | 0.03% | 153.5K | 0.40% |
| 9 | Vanguard FTSE Emerging Markets ETF VWO | 0.02% | 40.13M | 0.06% |
| 10 | Vanguard ESG International Stock ETF VSGX | 0.01% | 602.0K | 0.10% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Mukundan C. Menon | MD & Director | 50M | male |
| Varun Malhotra | Head of Taxation & Legal | 9M | male |
| Juhi Chaudhary | Head of Legal | — | female |
| Kadangode V. Sridhar | Chief Financial Officer | — | male |
| Boishakhi Banerjee | Head of People & Culture | — | female |
| Nikhil R. Chandarana | Head of Corporate Finance & PDC | — | male |
| Prabhuajgaonkar G. Balkrishna | Chief Financial Officer of Projects & Vice President of Finance | — | male |
| Pragya Bijalwann | Head of Marketing & Communications | — | female |
| Ratnesh Prasad Rukhariyar | Company Secretary & Compliance Officer | — | male |
| N. Garudachar | Senior General Manager of Corporate Communications Department | — | male |
| Jogesh K. Jaitly | Head of Sales | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for VOLTAS.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
