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Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry.Voltas was created 6 decades ago when Tata Sons joined hands with a swiss company Volkart Brothers. Voltas is also one of the most reputed engineering solution providers specializing in project management.[1]The company has 5,000+ Customer sites actively managed across India[2]
Unitary Cooling Products(UCP)[1]Unitary Cooling products comprises Room AirConditioners (RAC), Air Coolers, Air Purifiers, Water Heaters, Water Dispensers, Water Coolers, Visi Coolers, Chest Freezers, Cold Rooms & Medical Refrigeration.As of Q1FY25, company has21.2% market share in room Acs and 36% in window ACs. It has 30,000+ touchpoints, 330+ EBOs and 5 Experience Zones. The company sold 1 mn units in 88 days.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LG Electronics | 1605.60 | 52.99 | 108868.72 | 0.00 | 389.43 | -27.30 | 6174.03 | 0.98 | 56.83 | 24366.64 | 12.78 | 2200.92 | 389.43 | – | 21.99 | 0.07 |
| 2. | Voltas | 1329.40 | 81.57 | 44019.12 | 0.53 | 7.33 | -93.26 | 1440.91 | -15.50 | 12.67 | 10192.31 | 4.43 | 539.65 | 7.33 | 5.47 | 6.25 | 0.17 |
| 3. | Blue Star | 1752.40 | 67.11 | 36031.94 | 0.51 | 98.78 | 2.93 | 2422.37 | 6.43 | 26.20 | 12230.94 | 7.10 | 536.92 | 99.01 | 11.58 | 7.88 | 0.33 |
| 4. | Amber Enterp. | 6750.00 | 106.56 | 23758.21 | 0.00 | -32.15 | -271.15 | 1647.01 | -2.24 | 14.49 | 10983.17 | 6.97 | 222.95 | -32.86 | 6.51 | 3.37 | 0.77 |
| 5. | Crompton Gr. Con | 258.90 | 34.23 | 16664.44 | 1.16 | 75.42 | -31.79 | 1915.57 | 1.02 | 19.01 | 7743.80 | 10.36 | 486.80 | 85.19 | 4.91 | 9.09 | 0.05 |
| 6. | V-Guard Industri | 338.00 | 50.80 | 14757.15 | 0.44 | 65.29 | 3.00 | 1340.92 | 3.63 | 19.50 | 5613.73 | 8.55 | 290.49 | 65.29 | 6.73 | 9.57 | 0.07 |
| 7. | Whirlpool India | 979.10 | 36.60 | 12405.61 | 0.51 | 41.80 | -32.22 | 1647.27 | -3.84 | 12.63 | 7789.11 | 6.69 | 338.99 | 35.26 | 3.05 | 5.58 | 0.02 |
| – | Median: 23 Co. | 634.25 | 50.8 | 5529.41 | 0.25 | 17.0 | 3.0 | 702.61 | 3.63 | 14.49 | 2621.99 | 7.1 | 92.42 | 17.0 | 4.73 | 5.56 | 0.13 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,408.95 | 1,422.59 | 2,251.83 | 2,699.25 | 1,344.32 | 1,587.50 | 3,056.56 | 3,920.26 | 1,705.28 | 2,035.09 | 3,634.91 | 3,081.40 | 1,440.91 |
Expenses | 1,335.22 | 1,382.79 | 2,118.90 | 2,522.28 | 1,269.80 | 1,501.26 | 2,872.52 | 3,627.17 | 1,621.18 | 1,928.00 | 3,393.19 | 2,966.86 | 1,452.59 |
Operating Profit | 73.73 | 39.80 | 132.93 | 176.97 | 74.52 | 86.24 | 184.04 | 293.09 | 84.10 | 107.09 | 241.72 | 114.54 | -11.68 |
Other Income | 1,008.58 | 33.48 | 81.05 | 106.24 | 71.95 | 57.19 | 64.75 | 149.59 | 99.23 | 63.11 | 88.66 | 152.39 | 55.46 |
Profit before tax | 1,071.74 | 60.82 | 197.52 | 269.53 | 130.89 | 125.42 | 232.36 | 427.17 | 161.40 | 146.25 | 300.93 | 241.78 | 7.57 |
Tax % | 1.30% | 27.13% | 20.72% | 20.38% | 22.07% | 22.40% | 18.10% | 20.61% | 32.60% | 25.92% | 26.73% | 15.84% | 3.17% |
Net Profit | 1,057.82 | 44.32 | 156.59 | 214.61 | 102.00 | 97.33 | 190.31 | 339.14 | 108.78 | 108.34 | 220.50 | 203.48 | 7.33 |
EPS in Rs | 31.97 | 1.34 | 4.73 | 6.49 | 3.08 | 2.94 | 5.75 | 10.25 | 3.29 | 3.27 | 6.66 | 6.15 | 0.22 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 5,151 | 5,169 | 5,149 | 5,410 | 5,809 | 6,693 | 7,207 | 6,378 | 7,099 | 7,675 | 8,688 | 11,296 | 10,192 |
Expenses | 4,987 | 4,862 | 4,926 | 4,992 | 5,332 | 6,307 | 6,552 | 5,815 | 6,454 | 7,247 | 8,165 | 10,570 | 9,741 |
Operating Profit | 164 | 307 | 223 | 419 | 477 | 386 | 655 | 562 | 644 | 428 | 522 | 726 | 452 |
Other Income | 128 | 166 | 292 | 260 | 233 | 287 | 195 | 220 | 167 | 1,149 | 300 | 401 | 360 |
Interest | 16 | 16 | 8 | 10 | 8 | 23 | 9 | 19 | 15 | 12 | 21 | 35 | 45 |
Depreciation | 19 | 22 | 19 | 18 | 19 | 20 | 29 | 30 | 33 | 36 | 43 | 56 | 69 |
Profit before tax | 257 | 434 | 488 | 651 | 683 | 631 | 813 | 733 | 763 | 1,528 | 758 | 1,036 | 697 |
Net Profit | 181 | 329 | 349 | 486 | 501 | 464 | 595 | 570 | 583 | 1,405 | 604 | 777 | 540 |
EPS in Rs | 5.48 | 9.95 | 10.56 | 14.69 | 15.15 | 14.04 | 17.98 | 17.24 | 17.63 | 42.47 | 18.26 | 23.48 | 16.30 |
Dividend Payout % | 34% | 23% | 25% | 24% | 26% | 28% | 22% | 29% | 31% | 10% | 30% | 30% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
Reserves | 1,565 | 1,806 | 2,473 | 2,952 | 3,481 | 3,710 | 4,185 | 4,952 | 5,536 | 6,740 | 7,465 | 8,099 | 8,004 |
Borrowings | 193 | 53 | 119 | 69 | 28 | 114 | 88 | 108 | 140 | 315 | 430 | 589 | 1,360 |
Other Liabilities | 2,318 | 2,355 | 2,163 | 2,542 | 2,934 | 2,963 | 3,329 | 2,884 | 3,508 | 2,954 | 3,841 | 3,990 | 3,027 |
Total Liabilities | 4,110 | 4,248 | 4,788 | 5,596 | 6,476 | 6,820 | 7,636 | 7,977 | 9,217 | 10,042 | 11,770 | 12,712 | 12,423 |
Fixed Assets | 175 | 156 | 179 | 206 | 206 | 252 | 300 | 306 | 303 | 437 | 455 | 883 | 895 |
Gross Block | 402.71 | 400.24 | 436.08 | 488.94 | 485.65 | 570.42 | 626.67 | 668.44 | 675.92 | 746.64 | 798.58 | 1,264.26 | – |
Accumulated Depreciation | 191.22 | 203.26 | 294.70 | 226.59 | 336.19 | 305.96 | 340.46 | 377.26 | 389.43 | 309.54 | 343.68 | 380.97 | – |
CWIP | 2 | 4 | 1 | 1 | 3 | 15 | 26 | 9 | 59 | 98 | 368 | 82 | 75 |
Investments | 891 | 1,224 | 2,034 | 2,413 | 2,894 | 2,626 | 2,642 | 3,443 | 4,125 | 4,962 | 5,370 | 5,390 | 5,125 |
Other Assets | 3,042 | 2,864 | 2,574 | 2,976 | 3,372 | 3,927 | 4,668 | 4,218 | 4,730 | 4,545 | 5,578 | 6,356 | 6,328 |
Total Assets | 4,110 | 4,248 | 4,788 | 5,596 | 6,476 | 6,820 | 7,636 | 7,977 | 9,217 | 10,042 | 11,770 | 12,712 | 12,423 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 334 | 221 | 273 | 290 | 298 | -310 | 336 | 571 | 668 | 35 | 419 | 24 |
Cash from Investing Activity | -292 | -59 | -270 | -57 | -151 | 445 | -176 | -311 | -370 | -72 | -244 | 17 |
Cash from Financing Activity | -93 | -221 | -20 | -154 | -178 | -82 | -204 | -129 | -159 | -42 | -56 | -62 |
Net Cash Flow | -51 | -59 | -17 | 79 | -32 | 53 | -45 | 131 | 139 | -78 | 119 | -20 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 75 | 81 | 75 | 80 | 80 | 76 | 73 | 83 | 78 | 61 | 72 | 55 |
Inventory Days | 65 | 65 | 51 | 70 | 62 | 70 | 99 | 98 | 112 | 92 | 110 | 108 |
Days Payable | 132 | 136 | 132 | 157 | 176 | 165 | 175 | 158 | 182 | 132 | 141 | 107 |
Cash Conversion Cycle | 8 | 9 | -6 | -8 | -34 | -19 | -3 | 23 | 8 | 22 | 40 | 56 |
Working Capital Days | 10 | 12 | 4 | 9 | 10 | 23 | 45 | 51 | 29 | 32 | 38 | 51 |
ROCE % | 16% | 23% | 19% | 24% | 21% | 17% | 21% | 16% | 14% | 9% | 10% | 13% |
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