Voltas Ltd share Price

Oct 03, 2023 03:55 PM

Voltas Ltd

SECTOR : Consumer Durables | BSE :500575 | NSE : VOLTAS

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Company details

Day Low

Day High

861.10

880.20

52W Low

52W High

737.20

936.00

6M Return 7.70%

1Y Return -3.01%

Mkt Cap.(Cr) 28,921.00

Volume 868,906

Div Yield 0.49%

OI

-

OI Chg %

-

Volume 868,906

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Voltas Ltd: 874.05
10.75 (1.25 %)

NSE

Voltas Ltd Research Report

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About The Stock

Voltas is a home appliances company specialising in air conditioning and air cooling technology in the B2B and B2C space.

· The company is a market leader with ~26% market share in RAC

· Healthy b/s reflected by strong return ratios (RoE: ~11%, RoCE: ~15%)

Voltas is a home appliances company specialising in air conditioning and air cooling technology in the B2B and B2C space.  The company is a market leader with ~26% market share in RAC  Healthy b/s reflected by strong return ratios (RoE: ~11%, RoCE: ~15%)

Q4FY22 Results

The company’s Q4 performance was hit by lower EMPS revenues and sharp decline in the profitability of UCP segment.

Voltas reported a muted topline growth of ~1% YoY to Rs. 2667 crore due to de-growth in EMPS segment. UCP segment grew 10% led by price hikes
EBITDA margin down 268 bps YoY to 9.8%, led by high raw material costs. Gross margin declined 278 bps YoY. EBIT margin of Unitary cooling products (UCP) dipped 522 bps to 10.6%
PAT declined ~24% to Rs. 183 crore tracking lower EBITDA in Q4FY22

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Quick Results Snapshot

Voltas Ltd.

Q1FY24 Quarterly Result Announced for Voltas Ltd.

Consumer Electronics company Voltas announced Q1FY24 results:

Consolidated Total Income for Q1FY24 was higher by 23% at Rs 3,430 crore as compared to Rs 2,795 crore in Q1FY23.
Profit before tax was higher by 27% at Rs 203 crore as compared to Rs 160 crore in Q1FY23.
Net Profit (after tax) was also higher by 27% at Rs 129 crore as compared to Rs 110 crore in Q1FY23.
Earnings per Share (not annualized) as at June 30, 2023 was Rs 3.91 (Face Value per share of Re 1).

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Voltas Ltd shares SWOT Analysis

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OUR RESEARCH VIEW

Trading recommendation

Call Date
10 Aug 2021

Entry Price 998.00

Target Price 1,170.00

Duration

Stop Loss -

Investment recommendation

On track for recovery…

Call Date
28 Apr 2023

Entry Price 776.00

Target Price 870.00

Duration
12-18 Month

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FINANCIALS

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Equity

Reserves and Surplus

Debt

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Sales

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PE

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Voltas Ltd Stocks COMPARISION

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INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 5,452.07 Cr FV: 1.00

Period	MF Net Purchase / (sold)	FII Net
LAST 1M	16,852.71	-20,671.82
LAST 3M	52,922.55	-3,405.64
LAST 6M	58,662.39	139,660.95
LAST 12M	135,235.34	165,245.59

ANNOUNCEMENT
CORPORATE ACTION

No Data Found

Date	Action Type	Ratio
Jun 09, 2023	Dividend	425
Jun 09, 2022	Dividend	550
Aug 11, 2021	Dividend	500

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Voltas Ltd Information

Stock PE (TTM)
87.68

Promoter Holding
30.3%

Book Value
164.7727

ROCE
9.54%

ROE
4.46%

Description

Voltas Ltd is in the Consumer Durables sector with the Market Capitalization of worth Rs. 32,711.29 crores, it is incorporated in the year 1954. It has reported consolidated sales of Rs. 1766.59 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 500575 and also listed in the National Stock Exchange (NSE) with the code VOLTAS.

Voltas Ltd is an Indian international home appliances company that specializes in air conditioning and cooling technology. Voltas Ltd was incorporated on account of the collaboration between Tata Sons and Volkart Brothers. Voltas supplies a spread of products to its customers like Air Conditioners, Air Coolers, Water Dispensers, Water Coolers, and Commercial Refrigerators. As of 2019, Voltas has emerged as a market leader in room air conditioners. Market share of Voltas Ltd in room air conditioner market exceeds 25%. The company has three manufacturing units in different parts of the country, i.e., Thane in Maharashtra, Union Territory of Dadra, and Pantnagar in Uttaranchal. The company has four overseas offices as well located in UAE, Qatar, Kingdom of Saudi Arabia, and Singapore. The promoters of the company own 30.3% of the stake in the company, Foreign Institutional Investors (FII) own 17.24%, Domestic Institutional Investors (DII) own 34.11% of the stake,
and others (such as public and retail investors) hold the balance of 18.35%.

In June 2021, quarterly net revenue was Rs. 1,461.81 crores, which has increased by approximately 22.33 % from Rs. 1,195.0 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 135.33 crores, which has also increased by nearly 18.18% from a net profit of Rs. 113.84 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,309.03 crores, which is also increased by 20.3% as compared to an operating profit of Rs. 1,138.04 crores for the quarter ending in June 2020. From Rs. 3.44 in June 2020, the EPS of Voltas Ltd has risen to Rs. 4.09 per share in June 2021. VOLTAS’s stock closed at Rs. 988.6 on 18th August’2021 (NSE) and has returned -4.21% in the last six months and 57.15% in the previous year.

Voltas Ltd is in the Consumer Durables sector with the Market Capitalization of worth Rs. 32,711.29 crores, it is incorporated in the year 1954. It has reported consolidated sales of Rs. 1766.59 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 500575 and also listed in the National Stock Exchange (NSE) with the code VOLTAS.

Voltas Ltd is an Indian international home appliances company that specializes in air conditioning and cooling technology. Voltas Ltd was incorporated on account of the collaboration between Tata Sons and Volkart Brothers. Voltas supplies a spread of products to its customers like Air Conditioners, Air Coolers, Water Dispensers, Water Coolers, and Commercial Refrigerators. As of 2019, Voltas has emerged as a market leader in room air conditioners. Market share of Voltas Ltd in room air conditioner market exceeds 25%. The company has three manufacturing units in different parts of the country, i.e., Thane in Maharashtra, Union Territory of Dadra, and Pantnagar in Uttaranchal. The company has four overseas offices as well located in UAE, Qatar, Kingdom of Saudi Arabia, and Singapore. The promoters of the company own 30.3% of the stake in the company, Foreign Institutional Investors (FII) own 17.24%, Domestic Institutional Investors (DII) own 34.11% of the stake,
and others (such as public and retail investors) hold the balance of 18.35%.

In June 2021, quarterly net revenue was Rs. 1,461.81 crores, which has increased by approximately 22.33 % from Rs. 1,195.0 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 135.33 crores, which has also increased by nearly 18.18% from a net profit of Rs. 113.84 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,309.03 crores, which is also increased by 20.3% as compared to an operating profit of Rs. 1,138.04 crores for the quarter ending in June 2020. From Rs. 3.44 in June 2020, the EPS of Voltas Ltd has risen to Rs. 4.09 per share in June 2021. VOLTAS’s stock closed at Rs. 988.6 on 18th August’2021 (NSE) and has returned -4.21% in the last six months and 57.15% in the previous year.

Registered Address

Voltas House A Block, Dr B A Road Chinchpokli, Mumbai, Maharashtra, 400033

Tel	:	91-22-66656666
Email	:	shareservices:voltas.com
Website	:	http://www.voltas.com

Registrar

TSR Consultants P Ltd

AGM Date (Month)	:	Aug
Face Value Equity Shares	:	1
Market Lot Equity Shares	:	1
BSE Code	:	500575
NSE Code	:	VOLTAS
Book Closure Date (Month)	:	Aug
BSE Group	:	A
ISIN	:	INE226A01021

FAQ’s on Voltas Ltd Shares

How can I buy Voltas Ltd share?

You can buy Voltas Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Voltas Ltd Share.

What is the share price of Voltas Ltd share?

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:55 PM the closing price of Voltas Ltd was ₹ 874.05.

What is the market cap of Voltas Ltd?

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:55 PM, the market cap of Voltas Ltd stood at ₹ 28,921.00.