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On 6 Nov 2026, Voltas was priced at ₹1,099.00, or 77.8× trailing earnings, against an industry P/E of 30.6×, and the shares are 31% below their 52-week high. Sales and net profit grew 15% and 41% a year over 3 years, with ROCE of 9.3% and ROE of 7.0%. Debt is 0.23× equity, and its dividend yield is 0.4%. It is a mid-cap company with a market cap of ₹36,364 Cr, the largest of 54 Furnishings, Fixtures & Appliances companies by market cap; the shares fell 18% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹1,114.10
Day high
₹1,122.30
Day low
₹1,078.30
Prev. close
₹1,115.40
Volume
10.3 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsAhead

    −17.9% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 77.8 vs industry 30.6.

  • GrowthStrong

    Sales +14.5%, profit +40.7% a year over 3 years.

  • ProfitabilityWeak

    ROCE 9.3% vs peer median 8.1%.

  • Balance sheetFair

    Debt 0.23× equity, interest covered 7.4×, Piotroski 4 of 9.

  • Red flags3 to check

    Return on equity is low at 7.0%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Furnishings, Fixtures & Appliances

53 listed peers. Screen the industry

Mid cap

₹36,364 Cr, the largest of 54 in its industry.

Defensive

Beta 0.21 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹15,339 Cr · profit ₹468 Cr
Market cap
₹36,364 Cr
Mid cap
P/E
77.8
Industry 30.6
Price to book
5.39
Peers 2.91
Dividend yield
0.36%
ROE
7.0%
Peers 7.2%
ROCE
9.3%
Peers 8.1%
Debt to equity
0.23
Debt ₹1,563 Cr
EPS (TTM)
₹14.13
Face value ₹1
OPM (TTM)
4.9%
Net margin 3.0%
Sales growth
+18.2%
Latest quarter vs a year ago
Profit growth
+52.2%
Latest quarter vs a year ago
Price to sales
2.37
EV/EBITDA 42.4

Strengths and risks

Strengths

  • Quarterly profit up 52.2% on a year ago.
  • Quarterly sales up 18.2% on a year ago.

Risks to check

  • Return on equity is low at 7.0%.
  • P/E of 77.8 against an industry P/E of 30.6.
  • 31% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Voltas

Voltas Limited operates as air conditioning and engineering solutions in India, the Middle East, Africa, and internationally. The company operates through three segments: Unitary Cooling Products; Electro - Mechanical Projects and Services; and Engineering Products and Services. The company manufactures, sells, and services cooling appliances and cold storage products, such as room air conditioners, water dispensers and coolers, visi coolers, chest and…

Headquarters
Mumbai
Employees
1,964
Sector
Consumer Cyclical
ISIN
INE226A01021
Website
voltas.com

Price range

52 weeks

₹930.50₹1,582.50

Today

₹1,078.30₹1,122.30
Avg volume (3M)
9 L
1-year return
minus 17.9%
From 52-week high
minus 30.6%

Analyst consensus

34 analysts
BuyMean target ₹1,298.35 plus 18.1%

Target range, with today’s price

Low ₹1,025.00High ₹1,550.00

Next results expected around 4 Feb 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Furnishings, Fixtures & Appliances

Compare with peersScreen the whole industry
Company
VOLTASVoltas1,099.00minus 1.47%36,36477.85.399.3%5.8%4.9%14.5%40.7%0.36%minus 17.9%
AMBERAmber Enterprises India6,403.00minus 2.76%22,582236.15.157.2%5.3%7.2%20.7%4.2%0.00%minus 15.5%
CROMPTONCrompton Greaves Consumer Electricals215.66plus 4.42%13,887–4.59−1.5%−4.4%10.3%5.6%–1.39%minus 27.1%
WHIRLPOOLWhirlpool of India826.70plus 0.44%10,49341.82.529.0%7.2%6.2%6.4%10.3%0.60%minus 40.1%
TTKPRESTIGTTK Prestige608.75plus 10.47%8,33843.14.2110.8%8.3%8.8%2.3%−14.2%1.23%minus 17.6%
CELLOCello World363.75minus 2.27%8,20426.42.9116.1%13.0%19.9%9.2%7.6%0.41%minus 41.6%
EUREKAFORBEureka Forbes366.20plus 4.27%7,09237.11.544.0%3.6%11.5%9.0%83.1%0.00%minus 35.1%
SFLSheela Foam530.60plus 0.14%5,79423.11.78–7.7%10.1%10.0%−7.1%0.20%minus 26.1%
Median of 7 peers–0.44%8,33839.42.918.1%7.2%10.1%9.0%5.9%0.41%−27.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
3,9122,3143,0534,8444,623
3,7342,2442,8754,6234,358
17970.4177221266
4.6%3.0%5.8%4.6%5.7%
56.228.116.76.654
13.52031.122.212.8
18.524.420.620.621.3
––−26.5––
20354.1116185285
30.6%41.8%27.0%38.5%25.5%
14034.385116214
4.251.032.573.516.46

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+14.5%
Profit CAGR 3Y
+40.7%
EPS CAGR 3Y
+40.7%
ROE
7.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9,39912,40715,32014,123
–+32.0%+23.5%minus 7.8%
9,06911,93214,19013,436
3304751,130687
3.5%3.8%7.4%4.9%
−15.4−16.812.5−25.1
29.655.962.186.8
39.647.661.884.1
61.313117266.5
3074861,191557
55.6%48.9%29.9%33.6%
135252841376
–+86.7%+233.9%minus 55.3%
4.087.6225.4311.36

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
33.133.133.133.1
5,4195,7876,4806,343
651744892992
4,1765,4725,7477,141
10,27912,03613,15214,510
495792936989
98.336882.422.1
2,7872,9852,8512,739
1,2321,9721,8841,554
5,6675,9197,3999,206
10,27912,03613,15214,510

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
159762−22571
−81.6−522158282
55.1−116−99.7−262
133123−16790.3
−180−293−208−133
−20.6468−433−61.8
−183−143−182−232

Shareholding pattern

Source: NSE filings
30.3%
promoters
  • Promoters30.30%
  • Public69.70%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202630.30%69.70%0.00
30 Jun 202630.30%69.70%0.00
31 Mar 202630.30%69.70%0.00
31 Dec 202530.30%69.70%0.00
30 Sep 202530.30%69.70%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you