Voltas Limited (IN:VOLTAS)
:VOLTAS
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Voltas Limited
(VOLTAS)
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Rating:61Neutral
Price Target:
₹1,304.00
▼(-12.26% Downside)
Action:ReiteratedDate:11/01/25
Voltas Limited's strong financial performance, particularly in revenue growth and balance sheet stability, is offset by significant cash flow challenges. The technical indicators suggest a neutral to bearish trend, and the high P/E ratio indicates overvaluation. These factors collectively result in a moderate overall stock score.
Positive Factors
Low leverage and healthy equity base
A debt-to-equity of 0.14 and ~49.5% equity ratio provide durable financial flexibility. Low leverage reduces refinancing and interest risk, enabling the firm to fund project bonds, capex or absorb cyclical downturns without urgent deleveraging, supporting long-term stability.
Negative Factors
Operating cash flow deterioration
Negative operating cash flow and a plunging free cash flow growth rate highlight structural cash conversion issues. Persistent weak cash generation constrains reinvestment, increases reliance on reserves or external funding, and elevates risk when bidding large project contracts over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and healthy equity base
A debt-to-equity of 0.14 and ~49.5% equity ratio provide durable financial flexibility. Low leverage reduces refinancing and interest risk, enabling the firm to fund project bonds, capex or absorb cyclical downturns without urgent deleveraging, supporting long-term stability.
Read all positive factors
Voltas Limited (VOLTAS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹464.02B
Dividend Yield0.5%
Average Volume (3M)51.73K
Price to Earnings (P/E)132.4
Beta (1Y)1.12
Revenue Growth-1.46%
EPS Growth-1.15%
CountryIN
Employees1,938
SectorConsumer Defensive
Sector Strength42
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.57
Shares Outstanding330,884,740
10 Day Avg. Volume117,984
30 Day Avg. Volume51,734
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)6.87
Price to Sales (P/S)2.90
P/FCF Ratio-103.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,550.00Price Target Upside4.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)28.68
Revenue Forecast (FY)₹173.87B
Voltas Limited Business Overview & Revenue Model
Company Description
Voltas Limited operates as an air conditioning and engineering company primarily in India, the Middle East, Singapore, and internationally. It operates through three segments: Unitary Cooling Products for Comfort and Commercial Use; Electro-Mechan...
How the Company Makes Money
Voltas makes money mainly by selling products and delivering projects/services across its operating segments. A major revenue stream comes from its Unitary Cooling Products business, where it sells room air conditioners, air coolers, air purifiers...
Voltas Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 141.26B | 154.13B | 124.81B | 94.99B | 79.34B | 75.56B |
| Gross Profit | 31.52B | 34.49B | 26.48B | 21.06B | 20.26B | 19.67B |
| EBITDA | 8.42B | 11.58B | 4.87B | 5.87B | 6.97B | 6.82B |
| Net Income | 5.48B | 8.41B | 2.52B | 1.35B | 5.04B | 5.25B |
Balance Sheet | ||||||
| Total Assets | 128.75B | 131.52B | 120.36B | 102.79B | 97.46B | 86.55B |
| Cash, Cash Equivalents and Short-Term Investments | 13.98B | 19.19B | 19.72B | 13.68B | 10.48B | 7.38B |
| Total Debt | 17.55B | 8.92B | 7.44B | 6.51B | 3.61B | 2.61B |
| Total Liabilities | 64.81B | 66.12B | 61.82B | 47.85B | 42.09B | 36.26B |
| Stockholders Equity | 63.69B | 65.13B | 58.20B | 54.52B | 55.00B | 49.93B |
Cash Flow | ||||||
| Free Cash Flow | -11.32B | -4.32B | 4.68B | -205.50M | 5.36B | 5.35B |
| Operating Cash Flow | -10.69B | -2.24B | 7.62B | 1.59B | 5.84B | 5.56B |
| Investing Cash Flow | 3.04B | 1.58B | -5.22B | -816.00M | -3.65B | -2.56B |
| Financing Cash Flow | 5.93B | -997.10M | -1.16B | 550.50M | -1.07B | -1.22B |
Voltas Limited Technical Analysis
Positive
1486.15
Price Trends
1414.31
Negative
1398.95
Positive
1382.41
Positive
Market Momentum
-27.91
Negative
56.08
Neutral
89.09
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VOLTAS, the sentiment is Positive. The current price of 1486.15 is above the 20-day moving average (MA) of 1321.67, above the 50-day MA of 1414.31, and above the 200-day MA of 1382.41, indicating a neutral trend. The MACD of -27.91 indicates Negative momentum. The RSI at 56.08 is Neutral, neither overbought nor oversold. The STOCH value of 89.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VOLTAS.
Voltas Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹370.76B | 110.38 | ― | 0.51% | 14.20% | 3.84% | |
67 Neutral | ₹140.17B | 62.71 | ― | 0.45% | 6.34% | -2.25% | |
65 Neutral | ₹310.08B | 38.61 | ― | 0.52% | 11.10% | 3.53% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹464.02B | 132.41 | ― | 0.50% | -1.46% | -1.15% | |
57 Neutral | ₹159.79B | 41.30 | ― | 1.16% | 0.73% | -5.88% | |
56 Neutral | ₹107.25B | 107.65 | ― | 0.53% | 4.14% | 16.19% |
* Consumer Defensive Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.