વોલ્ટાસ, બીએસઈ, એલટીઆઈમાઈન્ડટ્રી: ટોચના સ્ટોક પિક્સ, ભારતીય બજાર મજબૂત મોમેન્ટમ સાથે નવા હાઈઝ તરફ

Stock Investment Ideas

Published on 20th November 2025, 12:01 AM

Author

Abhay Singh | Whalesbook News Team

Overview

બુધવારે ભારતીય શેરબજારે મજબૂત ક્લોઝિંગ કર્યું, જેમાં સેન્સેક્સ અને નિફ્ટી બંનેમાં ઉછાળો આવ્યો, વૈશ્વિક મંદીને અવગણીને નવા ઊંચા સ્તરની આશા જગાવી. વિશ્લેષકો વોલ્ટાસ, બીએસઈ અને એલટીઆઈમાઈન્ડટ્રીમાં ટ્રેડિંગની તકો સૂચવે છે, જેમાં સકારાત્મક ટેકનિકલ સૂચકાંકો, તેજીનો બજાર સેન્ટિમેન્ટ અને મજબૂત ફંડામેન્ટલ્સનો ઉલ્લેખ કરવામાં આવ્યો છે. બજારનું આઉટલુક આશાવાદી છે, મુખ્ય સપોર્ટ સ્તરો યથાવત છે અને વધુ અપવર્ડ મૂવમેન્ટની સંભાવના છે.

Voltas Ltd

₹ 1,396-1.13%

21 Nov – close price

🔗voltas.com•BSE: 500575•NSE: VOLTAS

Market Cap₹ 46,200 Cr.

Current Price₹ 1,396

High / Low₹ 1,860

Stock P/E85.6

Book Value₹ 243

Dividend Yield0.50 %

ROCE12.7 %

ROE9.79 %

Face Value₹ 1.00

Sales₹ 10,192 Cr.

OPM4.43 %

Mar Cap₹ 46,200 Cr.

ABOUT

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]

KEY POINTS

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]

Peer Comparision

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	1642.40	54.26	111484.88	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	1395.80	85.61	46199.62	0.50	7.33	-93.26	1440.91	-15.50	12.67	10192.31	4.43	539.65	7.33	5.75	6.25	0.17
3.	Blue Star	1776.30	67.94	36476.61	0.51	98.78	2.93	2422.37	6.43	26.20	12230.94	7.10	536.92	99.01	11.74	7.88	0.33
4.	Amber Enterp.	7196.00	113.53	25311.02	0.00	-32.15	-271.15	1647.01	-2.24	14.49	10983.17	6.97	222.95	-32.86	6.93	3.37	0.77
5.	Crompton Gr. Con	267.35	35.36	17215.06	1.12	75.42	-31.79	1915.57	1.02	19.01	7743.80	10.36	486.80	85.19	5.07	9.09	0.05
6.	V-Guard Industri	345.85	51.97	15097.49	0.43	65.29	3.00	1340.92	3.63	19.50	5613.73	8.55	290.49	65.29	6.89	9.57	0.07
7.	Whirlpool India	1180.30	44.19	14980.35	0.42	41.80	-32.22	1647.27	-3.84	12.63	7789.11	6.69	338.99	35.26	3.67	5.58	0.02
–	Median: 23 Co.	619.3	52.2	5626.54	0.24	17.0	3.0	702.61	3.63	14.49	2621.99	7.1	92.42	17.0	4.87	5.56	0.13

Quarterly Results

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

Profit & Loss

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%	–

Compounded Sales Growth

10 Years:8%

5 Years:9%

3 Years:17%

TTM:-1%

Compounded Profit Growth

10 Years:9%

5 Years:4%

3 Years:9%

TTM:-27%

Stock Price CAGR

10 Years:18%

5 Years:13%

3 Years:20%

1 Year:-16%

Return on Equity

10 Years:12%

5 Years:10%

3 Years:9%

Last Year:10%

Balance Sheet

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

Cash Flows

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

Ratios

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%

Shareholding Pattern
Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%
FIIs	21.58%	20.58%	19.08%	17.84%	17.18%	14.71%	15.08%	18.09%	21.31%	21.95%	21.16%	20.26%
DIIs	31.46%	33.14%	33.63%	35.82%	37.00%	40.36%	40.19%	37.25%	34.39%	32.99%	33.15%	35.62%
Public	16.45%	15.78%	16.78%	15.84%	15.32%	14.41%	14.22%	14.16%	13.78%	14.53%	15.17%	13.61%