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NSE:VOLTAS

VOLTAS LTD

Consumer Durables › Consumer Durables·NIFTY 200NIFTY 500NIFTY INDIA FPI 150NIFTY LARGEMIDCAP 250+8
₹1,012.40
at close · 28 Oct 2026
▲ 66.20 (+7.00%)
ThemesBatteries & Energy Storage· growing

Latest filings

  1. Routine compliance certificate under SEBI Depositories Regulations for Q2 FY27 · Compliance
  2. Voltas wins GST tax relief; about 30.22 cr potential demand dropped · General
  3. Voltas Trading Window Closes Ahead of Q2 FY26 Results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Sells air conditioners and other home appliances under the Voltas brand and the Voltbek joint venture to Indian retail consumers, while also executing electro-mechanical HVAC and refrigeration projects for industrial, commercial and infrastructure clients. In FY26, unitary cooling products — room ACs plus Voltbek washing machines and refrigerators — generated ₹9,500.63 crore, or 91.3% of segment revenue, while electro-mechanical projects and services generated ₹907.19 crore (8.7%) on a ₹6,200 crore order book as of 31 March 2026. Manufacturing runs across facilities including Chennai, where AC capacity has been ramped to 1.5 million units per year, and products reach retailers through over 30,000 distribution touch points. The business sold 1 million air conditioners in the first three months of FY27 and led the primary room-AC market by 5.1 percentage points over its nearest competitor cluster. Materials account for 58% of revenue, making commodity inputs such as copper and aluminium the key cost driver. Voltbek separately held 8.6% share in washing machines and 6.2% in refrigerators.

Revenue mix · reported segments
Unitary Cooling Products (Segment A)91.3%
Electro-Mechanical Projects and Services (Segment B)8.7%
Operating scale
Chennai AC manufacturing capacity
1.5 million units per yearFY26
MEP order book
₹6,200 crore31 March 2026
Distribution touch points
30,000+FY26
Q1 FY27 AC sales
1 million units in first 3 monthsQ1 FY27
Primary room-AC market share lead
5.1 percentage points over nearest competitor clusterFY26
Voltbek market share
8.6% washing machines, 6.2% refrigeratorsYTD FY26
Who pays it
Retail consumers for cooling products; industrial, commercial and infrastructure clients for HVAC and refrigeration projects.
Biggest cost
Materials at 58% of revenue — commodities like copper and aluminium used in compressors and heat exchangers.
Kind of business
Seasonal consumer durables business with a project-based contracting arm; commodity-cost exposed.
Where it sits
India's No. 1 room AC brand with a 5.1 percentage point primary market share lead; Tata Group company.
Market Cap
₹33,490 Cr
P / E (TTM)
74.6×
EV / EBITDA
35.3×
Div Yield
0.69%
Growth
13.8%▲
Revenue 5y CAGR
PAT -6.9% · EBITDA +0.7%
Quality
11.1%·
ROCE (5y median)
ROE 5.8% (5y median) · margin 6.0%
Leverage
0.15·
Debt / Equity · low
Net debt ₹211 Cr
Revenue FY21→FY26
1.9×▲
Margin −4.5 pts
₹7,457 Cr → ₹14,245 Cr
Cash conversion
0.70×·
Operating cash ÷ profit · 5 yrs
₹1,462 Cr on ₹2,095 Cr
Moves on a normal day
1.27%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 23 Household Appliances peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#14/19
P/B#15/23
ROCE#11/24
ROE#14/23
Debt / Equity#14/23
EBITDA margin#12/23
Revenue growth#9/22
Profit growth#7/21

Scorecard

Measured from the filed financials, judged against its Household Appliances peers · as of FY26 — not investment advice

Strengths
Revenue compounding 14% a year over 5 years
Pays out 63% of profit as dividend
Concerns
Profit shrinking over 5 years (−7% a year)
Erratic profits — up in only 2 of the last 5 years

Charts

How has the market priced it — with filings on the timeline?

VOLTAS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from VOLTAS LTD's filed financials and exchange disclosures

What does VOLTAS LTD do?

VOLTAS LTD is a Consumer Durables company listed on NSE and BSE, trading under the symbol VOLTAS.

Is VOLTAS LTD profitable?

Yes. Over the trailing twelve months VOLTAS LTD reported a net profit of ₹442 Cr on revenue of ₹14,979 Cr.

Does VOLTAS LTD pay a dividend?

Yes. The dividend yield is 0.69% at the current price. It paid out 63% of its profit as dividend in FY26.

Is VOLTAS LTD debt-free?

No. It reported borrowings of ₹966 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹211 Cr after cash. Debt stands at 0.15× equity. That is higher than 59% of its 23 Household Appliances peers.

Is VOLTAS LTD expensive compared with its peers?

On trailing P/E, VOLTAS LTD ranks 14 of 19 in Household Appliances — cheaper than 28% of them, against an industry median of 42.1×. This is a position, not a valuation judgement.

How much does the VOLTAS LTD share price move in a day?

On a typical session VOLTAS LTD moves 1.27% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track VOLTAS LTD's announcements?

Every NSE and BSE filing by VOLTAS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.