
Voltas Latest Share Price (VOLTAS)
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VOLTAS fell 2.0% on light volume, lagging Nifty's 0.1% move.
With a market cap of ₹42,253.98 Cr., it trades at a P/E of 114.35. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Voltas flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.16x
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 51.8% YoY
- ●Poor Capital ReturnsLow ROE of 6.1%
- ●Expensive ValuationTrading at a high P/E ratio of 112.8x
- ●FII SellingFII holding decreased by 1.50% QoQ
Latest Voltas News
What changed recently?
Recent events, corporate actions, and announcements.
Voltas Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Voltas Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Voltas Ltd trades at a P/E of 114.35× and P/B of 6.74×, against the Consumer Durables sector median P/E of 68.45×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Voltas Ltd technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for Voltas Ltd — derived from the latest tape, not yesterday's close.
Voltas Ltd last traded at ₹1,275 with an intraday range of ₹1,268.4–₹1,314.9 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹1275.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1396.80 | +121.80 | +9.55% |
| R3 | 1350.30 | +75.30 | +5.91% |
| R2 | 1332.60 | +57.60 | +4.52% |
| R1 | 1303.80 | +28.80 | +2.26% |
| PIVOT | 1286.10 | 11.10 | 0.87% |
| CURRENT | 1275.00 | — | — |
| S1 | 1257.30 | -17.70 | -1.39% |
| S2 | 1239.60 | -35.40 | -2.78% |
| S3 | 1210.80 | -64.20 | -5.04% |
| S4 | 1164.30 | -110.70 | -8.68% |
VOLTAS is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ₹1292.2–₹1305
Trading Below opening range, showing Bearishness
Voltas Ltd financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Voltas Ltd — consolidated or standalone — with margins, YoY growth and key ratios inline.
Voltas Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹42,253.98 Cr. and reported EPS of ₹11.40.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 15,413 | 14,245 ▼ 7.6% |
| Sales Growth YoY %Derived | 23.49% | -7.58% |
| Other Income | 324 | 238 ▼ 26.6% |
| Total Income | 15,737 | 14,483 ▼ 8.0% |
| 11,960 | 11,070 ▼ 7.4% | |
| Gross ProfitDerived | 3,452 | 3,175 ▼ 8.0% |
| Gross Margin %Derived | 22.40% | 22.29% |
| 2,336 | 2,528 ▲ 8.2% | |
| EBITDA (Operating Profit)Derived | 1,116 | 647 ▼ 42.0% |
| OPM %Derived | 7.24% | 4.54% |
| 124 | 144 ▲ 16.5% | |
| Profit Before Tax (PBT) | 1,317 | 688 ▼ 47.8% |
| 356 | 187 ▼ 47.5% | |
| Effective Tax %Derived | 27.07% | 27.21% |
| Total Profit for Period | 834 | 370 ▼ 55.7% |
| Less: Non-controlling Interests | -7 | -6 ▲ 17.1% |
| Net Profit (Owner's PAT)Derived | 841 | 376 ▼ 55.3% |
| Net Profit Margin %Derived | 5.46% | 2.64% |
| PAT Growth YoY %Derived | 233.88% | -55.33% |
| Earnings Per Share (EPS ₹) | 25.43 | 11.36 ▼ 55.3% |
| Diluted Shares Outstanding (Cr) | 33 | 33 ▲ 0.0% |
| Share of Profit from Associates/JVs | -126 | -131 ▼ 3.6% |
| Other Comprehensive Income (Net of Tax) | 34 | -279 ▼ 925.2% |
| Total Expenses (incl. D&A & Interest) | 14,421 | 13,795 ▼ 4.3% |
| Material Cost % of RevenueDerived | 52.72% | 57.96% |
| Employee Cost % of RevenueDerived | 5.77% | 6.59% |
| Other Cost % of RevenueDerived | 9.38% | 11.16% |
| Interest Coverage (x)Derived | 16.98x | 6.49x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 6,428 | 7,124 ▲ 10.8% | 7,658 ▲ 7.5% | 7,457 ▼ 2.6% | 7,934 ▲ 6.4% | 9,499 ▲ 19.7% | 12,481 ▲ 31.4% | 15,413 ▲ 23.5% | 14,245 ▼ 7.6% | |
| Sales Growth YoY %Derived | — | 10.83% | 7.50% | -2.63% | 6.41% | 19.72% | 31.40% | 23.49% | -7.58% | |
| Other Income | 174 | 186 ▲ 7.0% | 231 ▲ 23.8% | 288 ▲ 24.9% | 189 ▼ 34.3% | 168 ▼ 11.0% | 253 ▲ 50.3% | 324 ▲ 28.1% | 238 ▼ 26.6% | |
| Total Income | 6,602 | 7,310 ▲ 10.7% | 7,889 ▲ 7.9% | 7,745 ▼ 1.8% | 8,124 ▲ 4.9% | 9,667 ▲ 19.0% | 12,734 ▲ 31.7% | 15,737 ▲ 23.6% | 14,483 ▼ 8.0% | |
4,568 | 5,262 ▲ 15.2% | 5,555 ▲ 5.6% | 5,578 ▲ 0.4% | 5,897 ▲ 5.7% | 7,378 ▲ 25.1% | 9,814 ▲ 33.0% | 11,960 ▲ 21.9% | 11,070 ▼ 7.4% | ||
| Gross ProfitDerived | 1,860 | 1,862 ▲ 0.1% | 2,103 ▲ 13.0% | 1,878 ▼ 10.7% | 2,038 ▲ 8.5% | 2,121 ▲ 4.1% | 2,667 ▲ 25.8% | 3,452 ▲ 29.4% | 3,175 ▼ 8.0% | |
| Gross Margin %Derived | 28.94% | 26.13% | 27.46% | 25.19% | 25.68% | 22.32% | 21.37% | 22.40% | 22.29% | |
1,198 | 1,250 ▲ 4.4% | 1,416 ▲ 13.3% | 1,336 ▼ 5.7% | 1,356 ▲ 1.5% | 1,548 ▲ 14.2% | 2,193 ▲ 41.6% | 2,336 ▲ 6.6% | 2,528 ▲ 8.2% | ||
| EBITDA (Operating Profit)Derived | 663 | 612 ▼ 7.7% | 687 ▲ 12.3% | 542 ▼ 21.0% | 682 ▲ 25.7% | 572 ▼ 16.0% | 475 ▼ 17.1% | 1,116 ▲ 135.2% | 647 ▼ 42.0% | |
| OPM %Derived | 10.31% | 8.59% | 8.97% | 7.27% | 8.59% | 6.03% | 3.80% | 7.24% | 4.54% | |
37 | 45 ▲ 22.5% | 2 ▼ 95.9% | 60 ▲ 3110.7% | 63 ▲ 5.1% | -175 ▼ 376.6% | 103 ▲ 159.3% | 124 ▲ 19.7% | 144 ▲ 16.5% | ||
| Profit Before Tax (PBT) | 801 | 729 ▼ 9.0% | 813 ▲ 11.5% | 770 ▼ 5.3% | 808 ▲ 4.9% | 428 ▼ 47.0% | 624 ▲ 46.0% | 1,317 ▲ 110.9% | 688 ▼ 47.8% | |
227 | 164 ▼ 28.0% | 223 ▲ 36.5% | 180 ▼ 19.2% | 191 ▲ 6.0% | 171 ▼ 10.7% | 238 ▲ 39.1% | 356 ▲ 50.0% | 187 ▼ 47.5% | ||
| Effective Tax %Derived | 28.34% | 22.43% | 27.46% | 23.43% | 23.69% | 39.95% | 38.07% | 27.07% | 27.21% | |
| Total Profit for Period | 578 | 514 ▼ 11.1% | 521 ▲ 1.4% | 529 ▲ 1.5% | 506 ▼ 4.3% | 136 ▼ 73.1% | 248 ▲ 82.1% | 834 ▲ 236.3% | 370 ▼ 55.7% | |
| Less: Non-controlling Interests | 6 | 6 ▲ 8.5% | 4 ▼ 35.2% | 4 ▼ 5.7% | 2 ▼ 47.7% | 1 ▼ 36.6% | -4 ▼ 421.5% | -7 ▼ 82.3% | -6 ▲ 17.1% | |
| Net Profit (Owner's PAT)Derived | 572 | 508 ▼ 11.3% | 517 ▲ 1.8% | 525 ▲ 1.5% | 504 ▼ 4.0% | 135 ▼ 73.2% | 252 ▲ 86.7% | 841 ▲ 233.9% | 376 ▼ 55.3% | |
| Net Profit Margin %Derived | 8.90% | 7.13% | 6.75% | 7.04% | 6.35% | 1.42% | 2.02% | 5.46% | 2.64% | |
| PAT Growth YoY %Derived | — | -11.27% | 1.83% | 1.54% | -4.01% | -73.22% | 86.65% | 233.88% | -55.33% | |
| Earnings Per Share (EPS ₹) | 17.30 | 15.35 ▼ 11.3% | 15.63 ▲ 1.8% | 15.87 ▲ 1.5% | 15.23 ▼ 4.0% | 4.08 ▼ 73.2% | 7.62 ▲ 86.8% | 25.43 ▲ 233.7% | 11.36 ▼ 55.3% | |
| Diluted Shares Outstanding (Cr) | 33 | 33 ▲ 0.0% | 33 ▲ 0.0% | 33 ▲ 0.0% | 33 ▲ 0.0% | 33 ▲ 0.0% | 33 ▲ 0.0% | 33 ▲ 0.0% | 33 ▲ 0.0% | |
| Share of Profit from Associates/JVs | 4 | -52 ▼ 1463.7% | -69 ▼ 32.6% | -61 ▲ 11.3% | -110 ▼ 80.9% | -121 ▼ 9.4% | -139 ▼ 14.9% | -126 ▲ 9.1% | -131 ▼ 3.6% | |
| Other Comprehensive Income (Net of Tax) | 163 | -24 ▼ 114.9% | -190 ▼ 681.7% | 321 ▲ 269.3% | 170 ▼ 47.1% | -38 ▼ 122.6% | 255 ▲ 764.2% | 34 ▼ 86.7% | -279 ▼ 925.2% | |
| Total Expenses (incl. D&A & Interest) | 5,801 | 6,581 ▲ 13.4% | 7,076 ▲ 7.5% | 6,974 ▼ 1.4% | 7,316 ▲ 4.9% | 9,239 ▲ 26.3% | 12,110 ▲ 31.1% | 14,421 ▲ 19.1% | 13,795 ▼ 4.3% | |
| Material Cost % of RevenueDerived | 43.87% | 49.93% | 42.95% | 46.09% | 50.82% | 50.62% | 54.30% | 52.72% | 57.96% | |
| Employee Cost % of RevenueDerived | 9.13% | 9.01% | 8.77% | 8.07% | 7.78% | 7.02% | 6.24% | 5.77% | 6.59% | |
| Other Cost % of RevenueDerived | 9.51% | 8.54% | 9.73% | 9.85% | 9.31% | 9.27% | 11.33% | 9.38% | 11.16% | |
| Interest Coverage (x)Derived | 53.55x | 17.82x | 31.03x | 19.44x | 24.90x | 18.00x | 7.64x | 16.98x | 6.49x |
Voltas segment analysis : revenue and profit mix.
Disclosed business segments at Voltas with their share of revenue and profit, switchable between consolidated and standalone reporting.
Voltas discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Voltas Ltd.
Our AI distills the core fundamental drivers supporting Voltas Ltd, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Voltas Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Low debt-to-equity ratio of 0.0016 ensures minimal financial leverage and strong balance sheet stability
Stable promoter holding at 30.30% signals consistent management confidence and governance alignment
Diversified business across cooling products, HVAC, and engineering services reduces revenue concentration
Established market presence with ₹0.44 LCr market capitalization in consumer durables sector
Strong cash position of ₹477.25 Cr covers 60% of total borrowings, reducing refinance risk
Key Risks.
Latest quarterly EPS declined 51.8% YoY despite modest revenue growth, signaling severe profitability deterioration
P/E ratio of 112.81 significantly exceeds peer median, indicating substantial overvaluation on earnings basis
ROE of 6.10% and ROCE of 9.04% lag industry benchmarks substantially, destroying shareholder value
Operating cash flow turned negative in recent periods, raising serious earnings quality and sustainability concerns
TTM revenue growth of 2.5% reflects stagnant top-line trajectory with minimal expansion momentum
Flip Conditions.
Valuation risk. a P/E above 149 (~2.2× the sector multiple of 68.5) would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 8% would indicate weaker capital compounding.
Voltas Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Voltas Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
Voltas Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Voltas Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
- 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
- 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
- 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
- 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
- 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Pattern history — every completed pattern and its outcome
Voltas Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Voltas Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Voltas Ltd stood at 33.3% of traded volume, against a 20-day average of 39.4%.
Voltas announcements: results, concalls, ratings, M&A.
Filings Voltas sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Voltas files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 119 documents below.
Change in Management
Intimation under Regulation 30 of SEBI Listing Regulations- Change in Senior Management Personnel
Copy of Newspaper Publication
Voltas Limited has informed the Exchange about Copy of Newspaper Publication
Copy of Newspaper Publication
Voltas Limited has informed the Exchange about Copy of Newspaper Publication
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Voltas Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Trading Window
Voltas Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Voltas dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Voltas has declared, sequenced by announce and record date.
Voltas corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Voltas Ltd: business, sector, key facts.
What Voltas Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Voltas Ltd operates in the Household Appliances industry under the Consumer Durables sector, listed as NSE: VOLTAS, BSE: 500575.

Voltas Limited is a prominent Indian multinational company specializing in air conditioning and engineering solutions. Its operations span across India, the Middle East, Africa, and other international markets, focusing on diverse sectors and offering a wide range of products and services.
The company's business is structured into three key segments. The Unitary Cooling Products segment focuses on the manufacturing, sales, and servicing of a comprehensive array of cooling appliances and cold storage solutions. This includes a wide variety of air conditioners (room ACs, ducted ACs, VRF, cassette and tower ACs, chillers), refrigerators, water coolers and dispensers, freezers, cold rooms, and medical refrigeration units, as well as other home appliances like washing machines, microwave ovens, and small kitchen appliances.
The Electro-Mechanical Projects and Services segment provides a broad spectrum of engineering services, primarily in HVAC (heating, ventilation, and air conditioning) systems, electrical work, plumbing, fire safety systems, and low-voltage systems. A significant component of this segment involves facilities maintenance, encompassing operations and maintenance contracts, annual maintenance contracts (AMCs), and retrofitting projects across various industries.
The Engineering Products and Services segment encompasses a diverse portfolio of activities. This includes water treatment solutions for both industrial and domestic applications, contributing to government water supply initiatives. It also involves the sales and servicing of machinery for the textile industry, offering spares and accessories. Furthermore, this segment covers the sales of mining and construction equipment, related operations and maintenance services, and undertaking projects in rural electrification, power augmentation, substations, and industrial electrification, alongside solar projects through engineering, procurement, and construction (EPC) contracts. Additional activities include duct manufacturing, drilling, irrigation, landscaping, and the construction of water treatment plants.
In essence, Voltas Limited presents a diversified business model, combining manufacturing and sales of cooling products with comprehensive engineering, procurement, and construction services across diverse sectors. This breadth of offerings contributes to its significant presence in the Indian and international markets.
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Questions investors ask about Voltas Ltd (VOLTAS).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Voltas Ltd (VOLTAS)?
The current share price of Voltas Ltd (VOLTAS) is ₹1,275.00. Today, the stock has declined by ₹25.50 (1.96%), trading in a range of ₹1,268.40 to ₹1,314.90. The stock opened at ₹1,300.50 with a trading volume of 5,98,220 shares.
02Is Voltas Ltd stock a good investment for long-term?
Voltas Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹42,253.98 Cr., P/E ratio of 114.35, ROE of 6.1%, and ROCE of 9.04%. The dividend yield stands at 0.3%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Voltas Ltd stock?
The 52-week high price of Voltas Ltd (VOLTAS) is ₹1,582.50, while the 52-week low is ₹1,186.80. Currently trading at ₹1,275.00, the stock is 7.43% above its 52-week low and 19.43% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Voltas Ltd stock at the current price?
Whether to buy Voltas Ltd stock at ₹1,275.00 depends on multiple factors. The stock is currently trading with a P/E ratio of 114.35 and P/B ratio of 6.74. Today's performance shows a loss of 1.96%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Voltas Ltd and when is the next dividend?
Voltas Ltd offers a dividend yield of 0.3%, which means for every ₹100 invested at the current price of ₹1,275.00, you can expect to receive approximately ₹0.30 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Voltas Ltd?
Voltas Ltd's key financial metrics include: P/E Ratio: 114.35, P/B Ratio: 6.74, ROE: 6.1%, ROCE: 9.04%, Dividend Yield: 0.3%, EPS: ₹11.40, Book Value: ₹193.00, and Debt-to-Equity: 0.16. The company's market cap stands at ₹42,253.98 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Voltas Ltd stock performing today in the market?
Voltas Ltd stock opened at ₹1,300.50 and is currently trading at ₹1,275.00, showing a decline of ₹25.50 (1.96%). The intraday high is ₹1,314.90 and low is ₹1,268.40. The trading volume stands at 5,98,220 shares, indicating moderate market participation today.
08What is the P/E ratio of Voltas Ltd and what does it indicate?
Voltas Ltd has a Price-to-Earnings (P/E) ratio of 114.35, which means investors are willing to pay 114.35 for every ₹1 of earnings. With an EPS of ₹11.40, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Voltas Ltd (VOLTAS) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.