Voltas Ltd.

NSE: VOLTAS · Consumer Durables

₹1,099.00-1.47%06 Nov 2026

Ask the data

Instant answers about Voltas Ltd. — computed from its filings, no language model

Market cap₹36,355 cr

Current price₹1,099.00

High / Low₹1,561 / ₹946

P/E80.9

P/B5.70

Book value₹192.8

ROE7.0%

ROCE11.8%

Debt / equity0.15

Dividend yield0.64%

EPS (TTM)₹13.58

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	6,428	7,124	7,658	7,457	7,934	9,499	12,481	15,413	14,244
EBITDA	663	612	687	542	682	572	475	1,116	647
Operating margin	10.3%	8.6%	9.0%	7.3%	8.6%	6.0%	3.8%	7.2%	4.5%
Interest	12	33	21	26	26	30	56	62	87
Depreciation	24	24	32	34	37	40	48	62	84
Profit before tax	801	729	813	770	808	428	624	1,317	688
Tax	227	164	223	180	191	171	238	356	187
Net profit	572	508	517	525	504	135	252	841	376
EPS ₹	17.30	15.35	15.63	7.18	15.23	4.08	7.62	25.43	11.36
Operating cash flow	—	—	—	—	695	159	762	-224	71
Capex	—	—	—	—	48	180	293	208	133
Dividend paid	—	—	—	—	168	183	143	182	232
Total assets	7,310	7,522	8,156	7,977	9,217	10,279	12,036	13,152	14,510
Equity	3,905	4,110	4,280	4,985	5,569	5,452	5,820	6,513	6,376

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	2,048	2,148	1,421	1,492	2,063	2,654	1,422	1,493	2,090	1,271	1,613	1,995	2,628	1,785	1,689	1,794	2,667	2,768	1,768	2,006	2,957	3,360	2,293	2,626	4,203	4,921	2,619	3,105	4,768	3,939	2,347	3,071	4,888	4,674
Operating profit	253	243	109	116	144	291	106	98	192	41	98	146	307	136	129	156	261	177	101	76	218	185	70	28	191	424	162	197	333	179	70	177	221	266
Operating margin	12.4%	11.3%	7.6%	7.8%	7.0%	11.0%	7.4%	6.5%	9.2%	3.2%	6.1%	7.3%	11.7%	7.6%	7.6%	8.7%	9.8%	6.4%	5.7%	3.8%	7.4%	5.5%	3.1%	1.1%	4.5%	8.6%	6.2%	6.4%	7.0%	4.5%	3.0%	5.8%	4.5%	5.7%
Other income	44	28	46	55	57	43	73	54	60	94	38	52	55	75	48	29	37	27	64	31	47	70	71	58	54	80	105	59	80	82	65	49	43	91
Interest	4	3	6	13	11	4	5	6	6	7	6	3	10	4	6	4	13	4	7	6	12	10	11	14	21	10	14	16	23	14	20	31	22	13
Depreciation	6	6	6	6	6	8	8	8	8	8	8	8	9	9	10	10	9	8	10	11	10	11	12	13	12	13	16	18	14	18	24	21	21	21
Profit before tax	285	263	142	139	185	279	159	138	236	119	122	186	343	199	162	171	276	191	42	-48	242	234	118	60	212	481	238	223	375	229	91	148	221	323
Tax	90	76	33	30	24	92	43	31	57	26	35	37	82	46	38	43	65	51	19	30	71	73	49	51	63	117	73	60	107	62	23	31	71	73
Net profit	193	184	103	81	140	165	106	87	159	81	78	128	238	122	104	96	183	109	-7	-110	144	129	37	-30	116	334	134	132	241	140	34	85	116	214
EPS ₹	5.82	5.56	3.13	2.45	4.22	4.99	3.22	2.63	4.80	2.45	2.37	3.87	7.18	3.68	3.13	2.90	5.52	3.29	-0.22	-3.34	4.35	3.91	1.11	-0.92	3.52	10.10	4.05	3.99	7.28	4.25	1.03	2.57	3.51	6.46
Revenue YoY	—	—	—	—	0.7%	23.6%	0.0%	0.0%	1.3%	-52.1%	13.4%	33.6%	25.8%	40.5%	4.7%	-10.1%	1.5%	55.1%	4.7%	11.8%	10.9%	21.4%	29.7%	30.9%	42.1%	46.5%	14.2%	18.3%	13.4%	-20.0%	-10.4%	-1.1%	2.5%	18.7%
Profit YoY	—	—	—	—	-27.5%	-10.2%	2.9%	7.4%	13.6%	-50.9%	-26.4%	47.2%	49.8%	50.1%	32.2%	-25.0%	-23.1%	-10.6%	-107.2%	-215.0%	-21.2%	18.9%	—	—	-19.1%	158.3%	265.3%	—	107.0%	-58.0%	-74.4%	-35.7%	-51.8%	52.2%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Voltas Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	5,193	5,565	5,151	5,169	5,187	5,473
Operating profit	325	193	177	305	298	430
Operating margin	6.3%	3.5%	3.4%	5.9%	5.7%	7.9%
Other income	88	97	131	149	165	255
Interest	26	34	29	16	8	10
Depreciation	29	22	19	22	19	18
Profit before tax	208	243	257	434	468	651
Tax	56	62	75	104	135	165
Net profit	152	180	181	329	333	486

Quarters

showing latest 8 of 38 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	713	665	1,007	928	866	1,179	1,004	914	1,375	1,071	993	1,382	1,056	1,135	1,621	1,677	1,111	1,149	1,629	1,547	996	1,067	1,542	1,739	968	954	1,508	1,558	946	1,097	1,587	1,655	850	1,037	1,930	1,840	904	1,225
Operating profit	64	55	79	85	50	101	111	79	114	114	73	88	25	84	129	69	31	16	77	20	34	43	80	71	64	41	129	90	55	15	138	116	63	94	157	159	53	77
Operating margin	8.9%	8.3%	7.8%	9.2%	5.7%	8.5%	11.1%	8.7%	8.3%	10.6%	7.4%	6.4%	2.3%	7.4%	7.9%	4.1%	2.8%	1.4%	4.7%	1.3%	3.4%	4.0%	5.2%	4.1%	6.6%	4.3%	8.6%	5.7%	5.8%	1.4%	8.7%	7.0%	7.4%	9.0%	8.2%	8.6%	5.8%	6.3%
Other income	10	10	29	11	10	12	14	15	21	19	14	31	22	17	18	39	18	25	16	45	38	17	31	29	59	31	30	21	79	18	47	36	118	58	43	60	102	19
Interest	1	0	1	2	5	0	1	1	5	3	3	7	6	5	8	11	7	6	11	16	4	4	5	7	3	3	4	1	2	2	4	2	1	1	5	2	1	1
Depreciation	3	3	4	5	4	4	4	4	4	4	4	9	7	7	5	6	6	6	5	4	4	4	6	5	6	6	7	5	5	5	5	5	4	5	4	5	5	5
Profit before tax	80	69	126	92	60	111	120	99	125	144	96	184	58	-171	136	92	64	90	-3	45	64	56	93	89	114	108	122	116	127	29	196	146	175	146	184	214	134	90
Tax	26	22	41	29	17	37	39	31	40	46	29	58	18	-54	34	28	16	17	2	13	18	14	30	27	32	11	34	34	36	8	58	41	49	42	33	56	38	20
Net profit	54	47	85	62	42	74	81	69	85	98	67	126	41	-116	102	64	48	73	-4	32	45	42	63	62	82	97	88	82	91	22	138	105	126	103	152	158	96	70
EPS ₹	1.62	1.43	2.57	1.88	1.28	2.23	2.43	2.08	2.56	2.96	2.03	3.80	1.22	-3.51	3.07	1.93	1.45	2.19	-0.14	0.96	1.37	1.26	1.89	1.86	2.48	2.95	2.67	2.49	2.75	0.65	4.17	3.17	3.81	3.13	4.59	4.77	2.90	2.12
Revenue YoY	—	—	—	30.3%	30.3%	17.1%	8.2%	5.5%	16.6%	6.6%	8.7%	0.5%	-1.4%	14.3%	—	21.4%	5.3%	1.3%	0.5%	-7.7%	-10.4%	-7.2%	-5.3%	12.4%	-2.8%	-10.5%	-2.2%	-10.4%	-2.3%	14.9%	5.3%	6.2%	-10.1%	-5.4%	21.6%	11.2%	6.3%	18.1%
Profit YoY	—	—	—	16.1%	-10.2%	-13.4%	29.7%	62.2%	14.8%	21.4%	-2.6%	48.6%	-58.6%	-273.3%	—	-49.1%	18.2%	—	-104.4%	-50.3%	-5.2%	-42.7%	—	93.4%	80.2%	134.0%	41.2%	33.7%	11.3%	-77.8%	55.9%	27.6%	38.1%	378.3%	10.2%	50.4%	-23.7%	-32.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 31 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	14.4%	12.4%	11.9%	12.0%	12.1%	12.1%	10.1%	9.5%	10.4%	10.5%	11.4%	11.9%	11.2%	9.1%	8.8%	6.8%	3.1%	2.5%	2.9%	3.5%	4.9%	4.3%	7.9%	8.8%	11.4%	12.9%	9.9%	8.6%	7.9%	5.9%	7.0%
ROCE	21.2%	17.2%	17.6%	18.0%	17.8%	18.5%	15.0%	14.2%	15.2%	15.7%	17.2%	17.9%	17.7%	14.6%	14.5%	11.9%	8.3%	7.5%	8.3%	9.4%	11.2%	10.4%	14.2%	14.8%	17.1%	18.7%	15.3%	12.2%	11.5%	10.5%	11.8%
Net margin	7.9%	7.1%	6.4%	6.4%	6.5%	6.8%	6.9%	6.3%	6.4%	7.0%	7.1%	7.3%	7.1%	6.4%	5.5%	4.2%	1.9%	1.4%	1.5%	1.9%	2.5%	2.0%	3.3%	3.9%	4.8%	5.5%	4.5%	3.9%	3.5%	2.6%	3.0%
EBITDA margin	10.1%	8.6%	8.6%	8.6%	8.4%	9.0%	6.9%	6.6%	6.8%	7.9%	8.6%	8.9%	9.2%	8.6%	8.1%	7.7%	6.7%	6.0%	5.8%	5.2%	4.5%	3.8%	5.1%	5.6%	6.6%	7.2%	6.0%	5.5%	5.4%	4.5%	4.9%
Debt / equity	0.04	0.08	0.08	0.08	0.08	0.05	0.05	0.05	0.05	0.02	0.02	0.02	0.02	0.02	0.02	0.07	0.07	0.11	0.11	0.10	0.10	0.12	0.12	0.13	0.13	0.13	0.13	0.27	0.27	0.15	0.15
Interest coverage	32.08	23.11	22.54	23.99	30.66	39.53	28.85	26.32	31.46	30.45	38.05	39.07	37.77	32.22	31.37	26.36	16.58	15.46	14.17	14.51	14.76	12.17	16.69	18.19	20.36	22.20	17.16	13.69	10.59	8.92	10.09
Asset turnover	0.97	0.95	1.01	1.01	1.01	0.94	0.77	0.79	0.85	0.94	1.01	1.02	0.99	0.86	0.97	0.97	0.99	0.92	0.98	1.06	1.12	1.04	1.17	1.21	1.25	1.17	1.10	1.10	1.10	0.98	1.03

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	33	33	33	33	33	33	33	33	33	33	33	33	33	33	33	33	33
Other equity / reserves	1,772	2,053	2,336	3,274	3,872	4,077	4,247	4,952	5,536	5,558	5,419	5,681	5,787	6,246	6,480	6,336	6,343
Total equity	1,806	2,086	2,369	3,307	3,905	4,110	4,280	4,985	5,569	5,591	5,452	5,714	5,820	6,279	6,513	6,369	6,376
Borrowings	263	122	260	171	142	315	218	102	126	367	616	555	713	830	863	1,727	966
Current liabilities	2,785	2,635	3,022	3,042	3,271	3,285	3,714	2,888	3,519	3,482	4,620	4,075	5,756	4,896	6,006	5,802	7,554
Non-current liabilities	127	135	156	102	102	92	126	104	129	155	166	180	425	636	606	679	557
Total assets	4,746	4,888	5,599	6,480	7,310	7,522	8,156	7,977	9,217	9,270	10,279	10,010	12,036	11,843	13,152	12,875	14,510
Property, plant & equipment	199	179	212	173	170	216	240	232	226	249	361	364	390	658	820	836	967
Capital work-in-progress	2	4	1	1	4	16	26	9	59	142	98	150	368	193	82	75	22
Investments	139	627	859	2,268	488	1,236	2,343	3,443	4,125	2,881	3,109	3,182	3,508	3,646	3,243	2,940	2,762
Inventories	901	867	893	907	813	1,091	1,469	1,274	1,655	1,561	1,592	1,600	2,135	2,103	2,715	3,110	3,433
Receivables	1,335	1,339	1,307	1,454	1,570	1,833	1,834	1,452	1,520	1,799	2,192	1,513	2,533	1,908	2,511	1,795	3,035
Cash & equivalents	282	252	197	313	258	311	270	314	451	529	693	667	815	633	650	475	755

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	695	159	762	-224	71
Cash from investing	-365	-82	-522	158	282
Cash from financing	-107	55	-116	-100	-262
Capex	48	180	293	208	133
Free cash flow	646	-21	468	-432	-62
Dividends paid	168	183	143	182	232

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹967 cr7%

CWIP

₹22 cr0%

Investments

₹2,762 cr19%

Inventories

₹3,433 cr24%

Receivables

₹3,035 cr21%

Cash & equivalents

₹755 cr5%

Other assets

₹3,536 cr24%

Peer comparison

largest in Consumer Durables · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Titan Company Ltd.	4,43,900	5,000.00	63.1	24.31	38.5%
Asian Paints Ltd.	2,44,212	2,546.00	50.5	11.24	22.3%
LG Electronics India Ltd.	1,19,063	1,754.10	61.9	13.52	21.8%
Dixon Technologies (India) Ltd.	77,202	12,625.00	49.8	13.13	26.4%
Havells India Ltd.	70,793	1,128.00	42.6	7.24	17.0%
Kalyan Jewellers India Ltd.	61,009	590.75	42.5	9.67	22.7%
Berger Paints India Ltd.	55,776	478.35	45.5	7.88	17.3%
Voltas Ltd.	36,355	1,099.00	80.9	5.70	7.0%
Blue Star Ltd.	32,382	1,575.00	60.6	9.29	15.3%
Amber Enterprises India Ltd.	22,582	6,403.00	235.1	5.16	2.2%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+4.0%

6 months-19.4%

1 year-22.5%

3Y CAGR+9.9%

5Y CAGR-2.4%

10Y CAGR+11.8%

50-day avg₹1,090.16

200-day avg₹1,287.11

RSI (14)62

Compare Voltas Ltd. with

Kalyan Jewellers India vs Voltas Berger Paints India vs Voltas Voltas vs Blue Star Voltas vs Amber Enterprises India

FAQs

What is the share price of Voltas Ltd.?

Voltas Ltd. (VOLTAS) closed at ₹1,099.00 on NSE on 06 Nov 2026.

What is the market cap of Voltas Ltd.?

₹36,355 crore at the latest close.

What is the P/E ratio of Voltas Ltd.?

80.9, on trailing-twelve-month earnings from its filings.

How fast is Voltas Ltd. growing?

Voltas Ltd.: revenue has compounded at 14.5% a year over three years; net profit at 40.7% a year. Latest-quarter revenue is up 18.7% year on year, profit up 52.2%.

How profitable is Voltas Ltd.?

On a trailing-twelve-month basis return on equity is 7.0%, return on capital employed 11.8%, operating margin 4.9%, net margin 3.0%.

How much debt does Voltas Ltd. have?

Voltas Ltd. is lightly geared: debt to equity is 0.15 with borrowings of ₹966 cr against cash of ₹755 cr (balance sheet of 2026-03-31). Operating profit covers interest 10.1 times.

Financials parsed from Voltas Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.