Voltas Stock Analysis
Fundamental and Technical Analysis of Voltas
STOCK ANALYSIS
8/6/20254 min read
About Company
Voltas Ltd is a well-known Indian company, part of the Tata Group, that was started in 1954. It is the largest air conditioning company in India, producing a range of products designed to keep people cool and comfortable, including air conditioners, air coolers, refrigerators, washing machines, water dispensers, and air purifiers. Voltas also provides engineering solutions in areas such as heating, ventilation, air conditioning (HVAC), and electromechanical projects for both the Indian and international markets. The company has a strong presence across India with many customer service points and is known for quality, innovation, and affordable pricing. In partnership with a global brand called Beko, Voltas also offers advanced home appliances. The company has worked on important projects around the world, including air conditioning for big landmarks like the Burj Khalifa.
Business Divisions
Voltas Ltd's business is organized into three main divisions. The first is the Unitary Products Business Group, which includes manufacturing and selling air conditioners, air coolers, commercial and medical refrigeration products, water coolers, and dispensers. This is the segment where Voltas is India's largest air conditioning company by market share. The second division is the Electro-Mechanical Projects & Services, which handles mechanical, electrical, and plumbing (MEP) projects, HVAC solutions, and related engineering services both in India and internationally, including large infrastructure and commercial projects. The third division is Engineering Products & Services, comprising two key business units: the Textile Machinery Division, providing advanced textile machinery solutions, and the Mining & Construction Equipment Division, supplying heavy-duty equipment and services for the mining and construction industries. Additionally, Voltas operates a joint venture called Voltas Beko, which manufactures home appliances like refrigerators and washing machines tailored for the Indian market. These divisions collectively make Voltas a diversified leader in air conditioning, engineering projects, and consumer durable products.
Distribution Network
Voltas Ltd has a very wide and strong distribution network in India. It operates through over 24,000 customer touchpoints and more than 330 exclusive brand outlets (EBOs) spread across Tier 1, 2, and 3 cities. This extensive presence helps the company reach customers efficiently both offline and online. For its Voltas Beko home appliances joint venture, it has over 7,000 consumer touchpoints. To manage supply logistics, Voltas uses multiple warehouses—around 25 across India—connected strategically with manufacturing plants to ensure timely product availability and quick delivery to retail. This multi-level distribution system is designed to quickly respond to changing market demands, especially during peak seasons, helping Voltas maintain a leading position in air conditioners and other cooling products across the country. It continues to invest in expanding its retail footprint, launching new brand shops and experience zones to enhance customer reach and engagement.
Company's Financial Prospects
Market Valuation & Stock Price
The market valuation of the company is 43,286 crores and stock price is 1,308.
Sales & Profit in the Last 5 Years
In FY 2020-21, sales were 7,556 crores and profits were 529 crores. In FY 2021-22, sales were 7,934 crores and profits were 506 crores. In FY 2022-23, sales were 9,499 crores and profits were 136 crores. In FY 2023-24, sales were 12,481 crores and profits were 248 crores. In FY 2024-25, sales were 15,413 crores and profits were 834 crores.
Sales & Profit Growth in The Last 5 Years
The last 5 years sales growth is 15.0%, and profit growth is 8.41%. The last 3 years sales growth is 24.8%, and profit growth is 17.7%. The last 1-year sales growth is 23.5%, and profit growth is 232%.
Price to Earnings Ratio (P/E Ratio)
The current P/E ratio of the stock is 52.6, which is almost the same as the industry P/E, which is 52.3.
Earnings Per Share (EPS)
The earnings per share of the company is 25.4.
Book Value
The book value of the stock is 197.
Dividend Yield
The company pays an annual dividend yield of 0.53%.
Return Ratios
The Return on Capital Employed (ROCE) is 17.6%, and the Return on Equity (ROE) is 13.4%.
Debt-to-Equity Ratio
The company's debt-to-equity ratio is 0.14.
Investors
Shareholdings in a Company
The promoter hold 30.30%, FIIs hold 21.16%, DIIs hold 33.15%, Government hold 0.21%, and Public hold 15.17%.
Company's Latest News
Voltas Ltd, a leading Tata Group company and India’s largest air conditioning brand, recently announced its financial results and other key corporate updates for 2025. The Board of Directors scheduled a meeting on August 8, 2025, to consider and approve the unaudited financial results for the quarter ended June 30, 2025. The company reported a year-on-year revenue growth of 13.4% for the quarter, achieving Rs 4,768 crore, though this was slightly below analyst expectations. Total income rose by 14% to Rs 4,847 crore compared to the previous year.
In other recent developments, Voltas declared a final dividend of 700 percent on equity shares in May 2025, reflecting strong shareholder returns. The company continues its business expansion with the opening of new exclusive brand stores across key markets in North India, such as Kushinagar and Shahjahanpur, increasing its retail presence substantially.
Voltas also remains active in industry events, preparing to participate in South Asia’s major HVAC exhibition, ACREX India 2025, showcasing their energy-efficient and green cooling technologies. Their growing home appliances portfolio under the Voltas Beko joint venture continues to innovate, recently launching new mixer grinders and dry irons available exclusively online.
Technical Analysis
Company Chart
Moving Average (MA)
The stock is trading near the 50-MA, which indicates that there is no confirmation if the stock will go up or down.
The stock is trading under the 200-MA, which indicates that the stock is in a bearish trend.