VOLTASConsumer Durables

Voltas Limited

Household Appliances · ISIN INE226A01021 · BSE 500575 · NSE EQ · FV ₹1
Last price
₹1,135
+0.35%today
What this company does

Voltas Limited operates in Household Appliances, part of the Consumer Durables sector. It booked ₹4,674 cr of revenue in its latest quarter (Q1 FY27) and kept 4.6% of sales as profit. It is the 2nd largest of 9 Household Appliances companies we track, by market value.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 25–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
31

At close. Not part of the score.

Profitability & returns47

How much profit it earns on the money it employs

Balance sheet51

How much it owes, and whether earnings cover the interest

Cash quality29

Whether reported profit actually arrives as cash

Growth & consistency74

Whether sales and profit have grown, and how steadily

Valuation36

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 19% vs last year
Profit up 52% vs last year
No promoter shares pledged
Watch-outs
! Thin 4.6% net margin
! Operating cash flow is negative

What if I invest in VOLTAS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,135 +0.35%
latest close · 2026-09-17
1-year return
+18.6%
52-wk low ₹92352-wk high ₹1,369
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio43.9High
LowAverageHigh
P/B ratio5.89High
Below bookModerateHigh
EV / EBITDA26.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.4%Fair
WeakFairStrong ▸15%
Return on capital19.3%Strong
WeakFairStrong
Net margin4.6%Thin
ThinDecentStrong
EBITDA margin7.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.15Comfortable
LowModerateHigh ▸1
Interest cover26.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.37Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹37,546 cr
Book value
₹193
EPS
₹6.46
latest quarter
Net debt
₹211 cr
owes more than its cash
Enterprise value
₹37,757 cr
EBITDA
₹1,427 cr
annualised
EBIT
₹1,342 cr
annualised
Operating margin
7.2%
Return on assets
5.9%
Earnings yield
2.28%
P/S
2.01
Sales / share
₹565.1
Tax rate
22.5%
Face value
₹1
Shares
33.1 cr
Working capital
₹2,775 cr
Current assets
₹10,329 cr
Current liabilities
₹7,554 cr
Delivery %
48.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹127₹258, midpoint ₹193

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,674 cr
Other Income₹91 cr
Total Income₹4,765 cr
Cost of Materials₹2,271 cr
Purchases of Stock-in-Trade₹1,339 cr
Inventory Change (±)₹41 cr
Employee Benefit Expense₹258 cr
Finance Costs₹13 cr
Depreciation & Amortisation₹21 cr
Other Expenses₹499 cr
Total Expenses₹4,442 cr
Profit before Tax₹323 cr
Tax Expense₹73 cr
Share of JV / Associates₹-37 cr
Net Profit₹213 cr
Net margin on total income4.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹3,651 cr77.2%
Employee benefit expense₹258 cr5.5%
Finance costs₹13 cr0.3%
Depreciation & amortisation₹21 cr0.5%
Other expenses₹499 cr10.6%
Tax expense₹73 cr1.5%
Profit for the period₹213 cr4.5%
Total income ₹4,765 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,071 cr4,888 cr4,674 cr
Total income3,120 cr4,930 cr4,765 cr
Expenses2,945 cr4,710 cr4,442 cr
Profit before tax148 cr221 cr323 cr
Tax31 cr71 cr73 cr
Net profit (owners' share)85 cr116 cr214 cr
Net margin (owners' share, on revenue)2.8%2.4%4.6%
EPS (₹)2.573.516.46
YoY (latest quarter): total income +18.5% · net profit +52.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹14,510 cr
Shareholder equity
₹6,376 cr
parent shareholders
Total debt
₹966 cr
Cash
₹755 cr
Cash flow · H1 FY26
Operating
₹-1,069 cr
Investing
₹304 cr
Financing
₹593 cr
Peer comparison
Household Appliances · by market value
CompanyPriceMarket capP/E
LG Electronics India Limited₹1,653₹1.12 L cr43.0
Voltas Limitedthis company₹1,135₹37,546 cr43.9
Blue Star Limited₹1,553₹31,930 cr77.8
Crompton Greaves Consumer Electricals Limited₹225₹14,494 cr25.8
V-Guard Industries Limited₹330₹14,424 cr27.8
Whirlpool of India Limited₹727₹9,229 cr22.4
Eureka Forbes Limited₹391₹7,568 cr33.4
TTK Prestige Limited₹544₹7,447 cr31.4
IFB Industries Limited₹1,218₹5,027 cr28.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.35%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 12 Jun 2026
ActionDetailEx-date
Dividend₹4 / share12 Jun 2026
Dividend₹7 / share20 Jun 2025
Dividend₹5.5 / share25 Jun 2024
Dividend₹4.25 / share9 Jun 2023
Dividend₹5.5 / share9 Jun 2022
Dividend₹5 / share11 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
30.3%
FII / Foreign
16.9%
DII / Domestic
39.0%
Retail / others
13.7%
Smart-money activity
Bulk / block deals
short · NSE50026 Aug 26
short · NSE75025 Aug 26
short · NSE1024 Aug 26
Stake changes
BoughtLife Insurance Corporation of India→ 7.09% · 67.45 L21 Nov 25
BoughtNippon India Mutual Fund→ 5.13% · 5.63 L8 Oct 25
BoughtLife Insurance Corporation of India→ 5.05% · 2.02 L25 Sep 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 8 Jul 2025
See the official result
1
1 - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March, 2025 together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
15.75 cr votes for, 251 against · 0% of mutual funds and other big investors said no
2
2 - To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2025 together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
15.75 cr votes for, 241 against · 0% of mutual funds and other big investors said no
3
3 - To declare a dividend of Rs. 7.00 per Equity Share of Re. 1 each for the financial year ended 31 March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
16.18 cr votes for, 231 against · 0% of mutual funds and other big investors said no
4
4 - To appoint a Director in place of Mr. Noel Tata (DIN: 00024713), who retires by rotation and being eligible offers himself for re-appointment.
Backed by 94% of shareholders other than promotersneeded 50%
15.28 cr votes for, 89.90 L against · 6% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 362 named members
owning 30.3% between them · as of 2026-06-30
Tata Sons Private Limited26.64%
Tata Investment Corporation Ltd3.01%
Ewart Investments Limited0.58%
The Tata Power Company Limited0.07%
3-101-951221 SOCIEDAD ANONIMAno shares
915 Labs Incno shares
Actve Digital Services Private Limitedno shares
AFCL Ghana Ltd.no shares
Business done with them
FY2026 · 14 of the group
The company paid ₹118 cr to companies in the promoter group last year — about 0.8% of its ₹14,245 cr revenue and received ₹882 cr back from them.
Tata Electronics Private Limited
Provided services to them · Construction contract revenue (Includes billed and unbilled revenue), Contract Revenue in excess of Billing, Billing in excess of Contract Revenue
₹289 cr
company received
INFINITI RETAIL LIMITED
Sold goods to them · Sale of Products, Purchase of property, plant and equipment
₹153 cr
company received
Tata Holdings Mozambique, LDA
Provided services to them · Rendering of Services
₹103 cr
company received
TEL Components Private Limited
Provided services to them · Construction contract revenue (Includes billed and unbilled revenue), Billing in excess of Contract Revenue
₹91 cr
company received
TATA SONS PRIVATE LIMITED
Other payments to them · Dividend Paid, Other Expenses- Reimbursement of expenses, Royalty Charges
also owns 26.64% of the company
₹86 cr
company paid
TATA CONSULTANCY SERVICES LIMITED
Provided services to them · Rendering of Services, Construction contract revenue (Includes billed and unbilled revenue), Rental Income, Receiving of Services
₹60 cr
company received
Tata Electronics Private Limited
Other income from them · Construction contract revenue (Includes billed and unbilled revenue), Contract Revenue in excess of Billing, Billing in excess of Contract Revenue
₹56 cr
company received
TATA CONSULTANCY SERVICES LIMITED
Paid them for services · Rendering of Services, Construction contract revenue (Includes billed and unbilled revenue), Rental Income, Receiving of Services
₹29 cr
company paid
Innovative Retail Concepts Private Limited
Sold goods to them · Sale of Products, Rendering of Services
₹28 cr
company received
Agratas Energy Storage Solutions Private Limited
Sold goods to them · Sale of Products
₹23 cr
company received
TATA CAPITAL LIMITED
Contribution received from them · Rental Income, Dividend Income, Redemption of Investments in Preference shares
₹20 cr
company received
TEL Components Private Limited
Other income from them · Construction contract revenue (Includes billed and unbilled revenue), Billing in excess of Contract Revenue
₹20 cr
company received
Innovative Retail Concepts Private Limited
Provided services to them · Sale of Products, Rendering of Services
₹15 cr
company received
TATA CONSULTANCY SERVICES LIMITED
Other income from them · Rendering of Services, Construction contract revenue (Includes billed and unbilled revenue), Rental Income, Receiving of Services
₹15 cr
company received
TATA ADVANCED SYSTEMS LIMITED
Provided services to them · Construction contract revenue (Includes billed and unbilled revenue), Billing in excess of Contract Revenue
₹4 cr
company received
TATA HOUSING DEVELOPMENT COMPANY LIMITED
Other income from them · Rental Income
₹3 cr
company received
TATA COMMUNICATIONS LIMITED
Paid them for services · Receiving of Services
₹3 cr
company paid
TATA REALTY AND INFRASTRUCTURE LIMITED.
Other income from them · Rental Income
₹2 cr
company received
TATA PROJECTS LIMITED
Other income from them · Contract Revenue in excess of Billing, Billing in excess of Contract Revenue
₹1 cr
company received
TATA CAPITAL LIMITED
Other income from them · Rental Income, Dividend Income, Redemption of Investments in Preference shares
₹1 cr
company received
TATA ADVANCED SYSTEMS LIMITED
Other income from them · Construction contract revenue (Includes billed and unbilled revenue), Billing in excess of Contract Revenue
₹9 L
company received
INFINITI RETAIL LIMITED
Bought property or assets from them · Sale of Products, Purchase of property, plant and equipment
₹4 L
company paid

The company also transacted with 8 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.