NSE: VOLTAS · BSE: 500575 · ISIN INE226A01021
Voltas Limited stock analysis
Voltas Limited ranks #2888 in the TickerSutra evidence-ranked universe with a score of 43/100 and 95% data confidence. The latest captured fundamentals show ROCE of 9.0%, quarterly sales growth of 18.7% and quarterly profit growth of 52.2%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.16×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹7,934cr | ₹572cr | ₹506cr | 7.0% |
| 2023 | ₹9,499cr | ₹454cr | ₹136cr | 4.8% |
| 2024 | ₹12,481cr | ₹336cr | ₹248cr | 2.7% |
| 2025 | ₹15,413cr | ₹990cr | ₹834cr | 6.0% |
| 2026 | ₹14,244cr | ₹516cr | ₹370cr | 3.6% |
| TTM | ₹14,979cr | ₹592cr | ₹442cr | 4.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Voltas Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Negative CatalystVoltas Ltd - 500575 - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - Receipt Of Show Cause NoticeBSE · 21 Sept 2026Please find enclosed intimation regarding receipt of Show Cause Notice
RoutinePendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)NSE · 21 Sept 2026 · Structured filingVoltas Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
Voltas Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
Open original XBRL sourceVoltas Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RoutineCopy of Newspaper PublicationNSE · 21 Sept 2026Voltas Limited has informed the Exchange about Copy of Newspaper Publication
MANAGEMENT COMMENTARY
Signals from filed documents
The Company continues to focus on institutional sales, channel development customer diversification a nd new product introductions to drive improved performance in the coming quarters. Segment A margins improved significantly compared with the previous year despite commodity inflation and currency depreciation. These pressures were partially mitigated through progressive price increases and comprehensive cost optimiz
These pressures were partially mitigated through progressive price increases and comprehensive cost optimization program initiated in FY 26, encompassing strategic sourcing, deeper localization, product design improvements and manufacturing productivity initiatives. Overall, the combination of sustained brand investments, differentiated products, sharper product management, expanding channel reach, enhanced manufactu
So EBIT margin in Unitary Cooling Products is around 5.3%. Now this is on the back of a good summer season and you alluded to market share gains in the RAC segment. I understand commodity cost inflation would have had a negative impact.
Segment A margins improved significantly compared with the previous year despite commodity inflation and currency depreciation. These pressures were partially mitigated through progressive price increases and comprehensive cost optimization program initiated in FY 26, encompassing strategic sourcing, deeper localization, product design improvements and manufacturing productivity initiatives. Overall, the combination
But if I look at overall Company gross margin, it is flattish. And you have also expected 32% revenue growth to have some kind of operating leverage benefit -- so just trying to understand, this is the best quarter of the season, and we are doing a 5% kind of an EBIT margin. What can we t hen assume as a steady-state profit expectation for this segment?
The field testing of the pilot batch has to go on. And then we start the full -fledged commercial production. So 18 months from now is when we are expecting full -fledged commercial production of the compressors.
Rabindra Nath Nayak: Sir, regarding this again, this compressors, so for how many compressors volume we have the joint venture is envisaged? And whether the -- whether it is a greenfield expansion, greenfield investment by Atomberg and us. And otherwise, whether the Atomberg has already taken some investment, we are just augmenting the investment with the joint venture.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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