₹1,373.9
▼ -3.44 -0.25%
17 Jul 2026
NSE Listed
Voltas Ltd. (VOLTAS)
Volume: 6,71,247Avg Vol 1W: 8,83,216Avg Vol 1M: 8,54,628.852W Range:₹1,186.8₹1,582.5
Key Ratios
Checked 18h agoMarket Cap₹45,576 Cr
Current Price₹1,373.9
Previous Close₹1,377.34
High / Low (52w)₹1,582.5 / ₹1,186.8
Volume6,71,247
Avg Vol (1W)8,83,216
Avg Vol (1M)8,54,628.8
Stock P/E392.42
Book Value₹192.7
Dividend Yield29%
ROE5.9%
ROA255%
Revenue (TTM)₹14,483 Cr
Revenue Growth-7.6%
Profit Margin266.1%
Total Debt₹376 Cr
Shares Outstanding33 Cr
Face Value₹1
EPS (TTM)₹11.87
P/B7.15
Debt / Equity0.15
50 DMA₹1,292.2
200 DMA₹1,370.89
Day change-0.25%
Price Chart
₹1,373.9▼ 1.67% · 1Y
2025-07-162026-07-15
20-day avg volume: 8.5L shares
Pros
- Pays a dividend yield of 29.0%.
- Company is almost debt-free.
Cons
- Stock trades at a high P/E of 392.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4,921 Cr | ₹2,619 Cr | ₹3,105 Cr | ₹4,768 Cr | ₹3,939 Cr | ₹2,347 Cr | ₹3,071 Cr | ₹4,888 Cr |
| EBITDA | ₹491 Cr | ₹251 Cr | ₹239 Cr | ₹398 Cr | ₹242 Cr | ₹111 Cr | ₹206 Cr | ₹243 Cr |
| Net Profit | ₹334 Cr | ₹134 Cr | ₹132 Cr | ₹241 Cr | ₹140 Cr | ₹34 Cr | ₹85 Cr | ₹116 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7,310 Cr | ₹7,889 Cr | ₹7,745 Cr | ₹8,124 Cr | ₹9,667 Cr | ₹12,734 Cr | ₹15,737 Cr | ₹14,483 Cr |
| EBITDA | ₹774 Cr | ₹885 Cr | ₹796 Cr | ₹833 Cr | ₹701 Cr | ₹680 Cr | ₹1,379 Cr | ₹801 Cr |
| Net Profit | ₹508 Cr | ₹517 Cr | ₹525 Cr | ₹504 Cr | ₹135 Cr | ₹252 Cr | ₹841 Cr | ₹376 Cr |
| EPS | 15.35 | 15.63 | 15.87 | 15.23 | 4.08 | 7.62 | 25.43 | 11.36 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹7,522 Cr | ₹8,156 Cr | ₹8,655 Cr | ₹9,746 Cr | ₹10,279 Cr | ₹12,036 Cr | ₹13,152 Cr | ₹14,510 Cr |
| Total Liabilities | ₹3,377 Cr | ₹3,839 Cr | ₹3,626 Cr | ₹4,209 Cr | ₹4,785 Cr | ₹6,182 Cr | ₹6,612 Cr | ₹8,111 Cr |
| Equity | ₹4,145 Cr | ₹4,317 Cr | ₹5,029 Cr | ₹5,538 Cr | ₹5,494 Cr | ₹5,854 Cr | ₹6,540 Cr | ₹6,399 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-51 Cr | ₹669 Cr | ₹625 Cr | ₹801 Cr | ₹325 Cr | ₹973 Cr | ₹86 Cr | ₹282 Cr |
| Investing | ₹393 Cr | ₹-210 Cr | ₹-256 Cr | ₹-365 Cr | ₹-82 Cr | ₹-522 Cr | ₹158 Cr | ₹282 Cr |
| Financing | ₹-18 Cr | ₹-294 Cr | ₹-122 Cr | ₹-107 Cr | ₹55 Cr | ₹-116 Cr | ₹-100 Cr | ₹-262 Cr |
| Free Cash Flow | ₹-51 Cr | ₹669 Cr | ₹625 Cr | ₹801 Cr | ₹325 Cr | ₹973 Cr | ₹86 Cr | ₹282 Cr |
Shareholding
Promoter 30.3% Institutions 56.84% Public 12.86%
Efficiency & Working Capital
ROCE8.7%
Interest Coverage7.4
Dividend Payout—
Debtor Days78 d
Inventory Days88 d
Payable Days134 d
Cash Conversion Cycle32 d
Working Capital Days166 d
Shareholding Details
As of 2026-03-31
Promoter30.3%
FII18.4%
DII38.4%
Institutions56.8%
Public12.9%
Promoter Pledge0%
No. of Shareholders2,60,008
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 30.3% | 30.3% | 30.3% | 30.3% | 30.3% | 30.3% | 30.3% | 30.3% | 30.3% | 30.3% | 30.3% | 30.3% |
| FIIs | 19.1% | 17.8% | 17.2% | 14.7% | 15.1% | 18.1% | 21.3% | 22% | 21.2% | 20.3% | 18.4% | 18.4% |
| DIIs | 31.5% | 36% | 35.9% | 40.6% | 40.4% | 37.5% | 34.6% | 33.2% | 33.4% | 35.8% | 37.9% | 38.4% |
| Public | 19.1% | 15.8% | 16.6% | 14.4% | 14.2% | 14.2% | 13.8% | 14.5% | 15.2% | 13.6% | 13.4% | 12.9% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 2,99,270 | 2,80,942 | 2,61,009 | 2,41,794 | 2,47,775 | 2,35,015 | 2,39,130 | 2,85,642 | 3,21,348 | 2,84,355 | 2,68,704 | 2,60,008 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Tata Sons Private Limited | Shareholding of Promoter and Promoter Group | 26.6% | 8.81 Cr |
| Life Insurance Corporation Of India | Public Shareholding | 8% | 2.64 Cr |
| Nps Trust- A/c Sbi Pension Fund Scheme - State Govt | Public Shareholding | 5.5% | 1.82 Cr |
| Nippon Life India Trustee Ltd (various Accounts) | Public Shareholding | 5.1% | 1.68 Cr |
| Tata Investment Corporation Ltd | Shareholding of Promoter and Promoter Group | 3% | 99,62,330 |
| Sbi Life Insurance Co. Ltd | Public Shareholding | 3% | 98,58,552 |
| Kotak Midcap Fund (various Accounts) | Public Shareholding | 2% | 66,61,367 |
| Tata Aia Life Insurance Co Ltd | Public Shareholding | 1.8% | 59,43,511 |
| Hdfc Life Insurance Company Limited | Public Shareholding | 1.6% | 51,44,776 |
| Sbi Large & Midcap Fund (various Accounts) | Public Shareholding | 1.4% | 47,66,363 |
| Dsp Midcap Fund (various Accounts) | Public Shareholding | 1.2% | 38,23,882 |
| Mirae Asset Large & Midcap Fund (various Accounts) | Public Shareholding | 1.1% | 37,18,040 |
| Vanguard Total International Stock Index Fund | Public Shareholding | 1% | 33,75,197 |
| Ewart Investments Limited | Shareholding of Promoter and Promoter Group | 0.6% | 19,25,950 |
| The Tata Power Company Limited | Shareholding of Promoter and Promoter Group | 0.1% | 2,33,420 |
| Actve Digital Services Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Agratas Energy Storage Solutions Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ai Fleet Services Ifsc Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Air India Express Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Air India Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Akashastha Technologies Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Aptonline Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ardent Properties Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Arrow Infraestate Pvt Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Artson Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Tata Sons Private Limited | 0 | 0% | 2026-03-31 |
| Tata Investment Corporation Ltd | 0 | 0% | 2026-03-31 |
| Ewart Investments Limited | 0 | 0% | 2026-03-31 |
| The Tata Power Company Limited | 0 | 0% | 2026-03-31 |
| Actve Digital Services Private Limited | 0 | 0% | 2026-03-31 |
| Agratas Energy Storage Solutions Private Limited | 0 | 0% | 2026-03-31 |
| Ai Fleet Services Ifsc Limited | 0 | 0% | 2026-03-31 |
| Air India Express Limited | 0 | 0% | 2026-03-31 |
| Air India Limited | 0 | 0% | 2026-03-31 |
| Akashastha Technologies Private Limited | 0 | 0% | 2026-03-31 |
| Aptonline Limited | 0 | 0% | 2026-03-31 |
| Ardent Properties Private Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Noel Tata | Chairman(Non Exe)&Dir(Non-Ind) | 2026 |
| Mukundan C.P. | Executive Director & MD | 2026 |
| V K Deshpande | Non-Exec & Non-Independent Dir | 2026 |
| Arun Kumar Adhikari | Independent Non Exe. Director | 2026 |
| Saurabh Agrawal | Non-Exec & Non-Independent Dir | 2026 |
| JAYESH TULSIDAS MERCHANT | Independent Non Exe. Director | 2026 |
| Aditya Sehgal | Independent Non Exe. Director | 2026 |
| Pheroz Pudumjee | Independent Non Exe. Director | 2026 |
| Sonia Singh | Independent Non Exe. Director | 2026 |
| Sunil D'Souza | Non-Exec & Non-Independent Dir | 2026 |
| RATNESH PRASAD RUKHARIYAR | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Unitary Cooling Products | ₹19,001 Cr | 91.3% |
| Electro-Mechanical Project | ₹1,814 Cr | 8.7% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹1 | 110 | 33 | 33 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2026-06-12 | ₹4.0 (400.0%) | Final |
| dividend | 2026-06-12 | ₹4 (400%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 396 | 2 | 254 | 19 | 381 | 1,134 |
| 2026 | 226 | 0 | 98 | 0 | 20 | 344 |
| 2026 | 35 | 0 | 153 | 19 | 64 | 353 |
Substantial Acquisitions (SAST)
3 disclosure(s)
Market25/09/2025 · 2,01,500
Market12/06/2024 - 12/08/2024 · 69,53,996
Market29/04/2022 · 1,22,000
Company Information
Incorporated1954
ChairmanNoel Tata
AuditorS R B C & Co LLP
Investor Email[email protected]; [email protected]
📍 Voltas House A Block, Dr B A Road Chinchpokli, Mumbai, Maharashtra, 400033
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