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Voltas Ltd share Price Today

Company details

1,272.35
1,310.80
745.00
1,392.00
6M Return 55.89%
1Y Return 55.73%
Mkt Cap.(Cr) 43,033.25
Volume 823,264
Div Yield 0.33%
OI
-
OI Chg %
-
Volume 823,264

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Consumer Electronics company Voltas announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • The Consolidated Total Income for Q2FY24 was higher by 29% at Rs 2,364 crore as compared to Rs 1,833 crore in Q2FY23.
    • Profit before share of profit/loss of joint ventures/associates and tax was at Rs 118 crore as compared to Rs 149 crore last year.
    • Profit before tax (PBT) was at Rs 85 crore as compared to Rs 13 crore in Q2FY23.
    • Net Proft (after tax) was at Rs 36 crore as compared to a loss of Rs 6 crore in Q2FY23.
    • Earnings per Share (Face Value per share of Re 1) (not annualized) as of September 30, 2023, was Rs 1.05 compared to negative of Rs 0.22 last year.
  • H1FY24:
    • Consolidated Total Income for H1FY24 was higher by 25% at Rs 5,794 crore as compared to Rs 4,627 crore in H1FY23.
    • Profit before share of profit/loss of joint ventures/associates and tax was at Rs 352 crore as compared to Rs 340 crore in the corresponding period last year.
    • Profit before tax was at Rs 288 crore as compared to Rs 174 crore last year.
    • Net Profit (after tax) was at Rs 165 crore as against Rs 103 crore in the corresponding period last year.
    • Earnings per Share (Face Value per share of Re 1) (not annualized) as of September 30, 2023, was at Rs 4.96 as compared to Rs 3.07 last year.

 

 

Result PDF

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Voltas Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Company with Zero Promoter Pledge

Weakness (5)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 1,316.8
R2 1,333.0
R3 1,355.2
Pivot

1,294.57

S1 1,278.3
S2 1,256.1
S3 1,239.9
EMA SMA
1,224.9
1,143.4
1,065.9
988.3
1,200.0
1,128.7
1,040.8
934.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 1031.75 647338 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 1031.75 647338 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 829.05 345078 NSE
Name Category Shares
Tata Sons Private Ltd PROMOTER 26.64%
Tata Investment Corporation Ltd PROMOTER 3.01%
Ewart Investments Ltd PROMOTER 0.58%

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

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Voltas Ltd Stocks COMPARISON

Financials( in Cr) Voltas Ltd Havells India Ltd Dixon Technologies (India) Ltd Blue Star Ltd Crompton Greaves Consumer Electricals Ltd
Price 1,300.55 1,501.70 7,531.95 1,422.45 297.05
% Change 0.69 0.54 0.45 1.25 -0.24
Mcap Cr 43,033.25 94,108.99 45,057.63 29,247.71 19,103.49
Revenue TTM Cr 9,498.77 16,910.73 12,192.01 7,977.32 6,869.61
Net Profit TTM Cr 136.22 1,071.73 255.08 400.69 476.40
PE TTM 153.90 79.60 127.57 81.61 44.15
1 Year Return 55.73 24.11 153.01 94.30 0.73
ROCE 9.54 21.93 23.60 23.89 17.89
ROE 4.46 16.97 22.36 23.42 18.64
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,452.07 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04

Voltas Ltd Information

Stock PE (TTM)
153.9
Promoter Holding
30.3%
Book Value
172.7024
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.

Registered Address

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

Tel : 91-22-66656666
Email : shareservices:voltas.com; vpmalhotra: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) : Jun
BSE Group : A
ISIN : INE226A01021

FAQ’s on Voltas Ltd Shares

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.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:54 PM the closing price of Voltas Ltd was ₹ 1,300.55.

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 Apr 19, 2024 03:54 PM, the market cap of Voltas Ltd stood at ₹ 43,033.25.

The latest PE ratio of Voltas Ltd as of Apr 19, 2024 03:54 PM is 153.9

The latest PB ratio of Voltas Ltd as of Apr 19, 2024 03:54 PM is 0.13

The 52-week high of Voltas Ltd share price is ₹ 1,392.00 while the 52-week low is ₹ 745.00

According to analyst recommendations, Voltas Ltd Share has a “Buy” rating for the long term.

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