Voltas (VOLTAS.NS) Stock Price

Voltas Price

NSE·CLOSED
1,282.00INR-8.00 (-0.62 %)
Market closed

Over the last 19 years Voltas grew revenue by 11.4% annually, reaching 154.13 B INR. Earnings per share have grown at 13.7% per year over the last 19 years. For Voltas, the net margin of 5.5% is down versus 7.0% a few years ago. At today's price the dividend yield works out to roughly 0.55%. The payout ratio is around 28% of earnings. The dividend has grown at 0.8% per year over the past 19 years. The consensus 12-month price target for Voltas is 1,458.60 INR, about 13.8% above where the stock trades today. Of 41 analysts, 18 rate the stock a buy — an overall Hold consensus. The stock trades about 5% above its 52-week low.

Voltas stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Voltas over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Voltas stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Voltas's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Voltas Stock Price History
DateVoltas Price
8/13/20261,282.00 INR
8/12/20261,290.00 INR
8/11/20261,280.00 INR
8/10/20261,267.90 INR
8/7/20261,285.00 INR
8/6/20261,275.00 INR
8/5/20261,300.50 INR
8/4/20261,348.00 INR
7/31/20261,328.90 INR
7/30/20261,304.50 INR
7/28/20261,303.50 INR
7/24/20261,327.30 INR
7/23/20261,308.30 INR
7/22/20261,308.00 INR
7/21/20261,359.20 INR
7/20/20261,357.40 INR
7/17/20261,372.50 INR
7/15/20261,377.40 INR
7/14/20261,358.90 INR
7/13/20261,349.50 INR
7/10/20261,286.70 INR
7/9/20261,269.40 INR
7/8/20261,253.60 INR
7/7/20261,288.00 INR
7/6/20261,284.50 INR
7/3/20261,284.70 INR
7/2/20261,290.60 INR
7/1/20261,281.10 INR
6/30/20261,277.60 INR
6/29/20261,295.80 INR
6/25/20261,302.40 INR
6/24/20261,310.10 INR
6/23/20261,327.40 INR
6/22/20261,354.00 INR
6/19/20261,343.40 INR
6/18/20261,357.60 INR
6/17/20261,352.90 INR
6/16/20261,327.60 INR
6/15/20261,329.70 INR
6/12/20261,285.40 INR
6/11/20261,277.30 INR
6/10/20261,308.10 INR
6/9/20261,304.40 INR
6/8/20261,276.20 INR
6/5/20261,298.30 INR
6/4/20261,286.50 INR
6/3/20261,235.00 INR
6/2/20261,240.40 INR
6/1/20261,228.40 INR
5/29/20261,245.70 INR
5/27/20261,261.80 INR
5/26/20261,271.40 INR
5/25/20261,284.00 INR
5/22/20261,268.10 INR
5/21/20261,273.50 INR
5/20/20261,289.00 INR
5/19/20261,302.60 INR
5/18/20261,252.80 INR
5/15/20261,230.70 INR
5/14/20261,293.50 INR
5/13/20261,258.90 INR
5/12/20261,269.60 INR
5/11/20261,306.50 INR
5/8/20261,324.80 INR
5/7/20261,363.90 INR
5/6/20261,379.60 INR
5/5/20261,375.90 INR
5/4/20261,454.20 INR
5/1/20261,430.40 INR
4/30/20261,430.40 INR
4/29/20261,474.80 INR
4/28/20261,511.10 INR
4/27/20261,515.00 INR
4/24/20261,464.00 INR
4/23/20261,445.50 INR
4/22/20261,481.60 INR
4/21/20261,457.20 INR
4/20/20261,438.00 INR
4/17/20261,440.10 INR
4/16/20261,408.80 INR
4/15/20261,402.20 INR
4/13/20261,361.60 INR
4/10/20261,315.60 INR
4/9/20261,283.90 INR
4/8/20261,264.80 INR
4/7/20261,220.20 INR
4/6/20261,252.00 INR
4/2/20261,235.40 INR
4/1/20261,249.70 INR
3/30/20261,272.80 INR
3/27/20261,322.60 INR
3/25/20261,368.80 INR
3/24/20261,302.10 INR
3/23/20261,251.20 INR
3/20/20261,324.50 INR
3/19/20261,347.20 INR
3/18/20261,423.90 INR
3/17/20261,416.10 INR
3/16/20261,406.00 INR
3/13/20261,406.40 INR
3/12/20261,448.00 INR
3/11/20261,469.00 INR
3/10/20261,453.40 INR
3/9/20261,435.10 INR
3/6/20261,478.40 INR
3/5/20261,484.70 INR
2/27/20261,557.50 INR
2/26/20261,544.50 INR
2/25/20261,527.00 INR
2/23/20261,537.00 INR
2/20/20261,546.90 INR
2/19/20261,512.70 INR
2/18/20261,542.50 INR
2/17/20261,529.70 INR
2/16/20261,530.60 INR
2/13/20261,521.30 INR
2/12/20261,534.00 INR
2/11/20261,502.60 INR
2/10/20261,475.60 INR
2/9/20261,502.00 INR
2/6/20261,436.00 INR
2/5/20261,426.80 INR
2/4/20261,425.80 INR
2/3/20261,368.60 INR
2/2/20261,326.20 INR
1/30/20261,323.00 INR
1/29/20261,349.10 INR
1/28/20261,379.00 INR
1/27/20261,340.80 INR
1/23/20261,315.40 INR
1/22/20261,294.80 INR
1/21/20261,290.60 INR
1/20/20261,331.40 INR
1/19/20261,398.00 INR
1/16/20261,407.00 INR
1/14/20261,439.90 INR
1/13/20261,455.00 INR
1/12/20261,470.00 INR
1/9/20261,470.50 INR
1/8/20261,469.10 INR
1/7/20261,507.60 INR
1/6/20261,489.50 INR
1/5/20261,476.00 INR
1/2/20261,430.20 INR
1/1/20261,385.00 INR
12/31/20251,361.50 INR
12/30/20251,348.20 INR
12/29/20251,377.00 INR
12/26/20251,384.50 INR
12/24/20251,391.40 INR
12/23/20251,380.00 INR
12/22/20251,388.00 INR
12/19/20251,372.60 INR
12/18/20251,398.00 INR
12/17/20251,380.40 INR
12/16/20251,389.80 INR
12/15/20251,385.60 INR
12/12/20251,376.00 INR
12/11/20251,353.40 INR
12/10/20251,330.40 INR
12/9/20251,332.50 INR
12/8/20251,318.00 INR
12/5/20251,325.80 INR
12/4/20251,329.40 INR
12/3/20251,333.60 INR
12/2/20251,352.00 INR
12/1/20251,360.80 INR
11/28/20251,374.50 INR
11/27/20251,388.90 INR
11/26/20251,387.00 INR
11/25/20251,356.30 INR
11/24/20251,354.60 INR
11/21/20251,398.30 INR
11/20/20251,411.80 INR
11/19/20251,401.80 INR
11/18/20251,388.00 INR
11/17/20251,373.90 INR
11/14/20251,353.10 INR
11/13/20251,336.90 INR
11/12/20251,337.60 INR
11/11/20251,303.80 INR
11/10/20251,340.50 INR
11/7/20251,322.00 INR
11/6/20251,292.40 INR
11/4/20251,359.40 INR
11/3/20251,365.70 INR
10/31/20251,380.30 INR
10/30/20251,419.80 INR
10/29/20251,418.80 INR
10/28/20251,428.40 INR
10/27/20251,436.60 INR
10/24/20251,438.70 INR
10/23/20251,436.30 INR
10/21/20251,455.80 INR
10/20/20251,444.80 INR
10/17/20251,428.00 INR
10/16/20251,416.10 INR
10/15/20251,412.10 INR
10/14/20251,388.80 INR
10/13/20251,378.50 INR
10/10/20251,417.30 INR
10/9/20251,382.00 INR
10/8/20251,367.30 INR
10/7/20251,372.20 INR
10/6/20251,366.20 INR
10/3/20251,360.40 INR
10/1/20251,353.50 INR
9/30/20251,347.40 INR
9/29/20251,374.50 INR
9/26/20251,340.20 INR
9/25/20251,372.40 INR
9/24/20251,365.30 INR
9/23/20251,373.00 INR
9/22/20251,376.00 INR
9/19/20251,420.10 INR
9/18/20251,426.20 INR
9/17/20251,411.90 INR
9/16/20251,414.60 INR
9/15/20251,415.10 INR
9/12/20251,396.60 INR
9/11/20251,395.30 INR
9/10/20251,390.40 INR
9/9/20251,410.10 INR
9/8/20251,419.20 INR
9/5/20251,431.40 INR
9/4/20251,402.60 INR
9/3/20251,430.30 INR
9/2/20251,435.00 INR
9/1/20251,415.00 INR
8/29/20251,370.00 INR
8/28/20251,360.40 INR
8/26/20251,346.00 INR
8/25/20251,358.20 INR
8/22/20251,354.10 INR
8/21/20251,365.40 INR
8/20/20251,367.00 INR
8/19/20251,377.30 INR
8/18/20251,348.80 INR
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Voltas Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
94.99 B INR
5.60 B INR
1.35 B INR
Jan 1, 2024
124.81 B INR
4.55 B INR
2.52 B INR
Jan 1, 2025
154.13 B INR
10.92 B INR
8.41 B INR
Jan 1, 2026 (e)
144.86 B INR
8.59 B INR
5.41 B INR
Jan 1, 2027 (e)
170.15 B INR
10.09 B INR
7.96 B INR
Jan 1, 2028 (e)
197.23 B INR
11.70 B INR
11.24 B INR
Jan 1, 2029 (e)
223.80 B INR
13.28 B INR
13.48 B INR
Jan 1, 2030 (e)
243.00 B INR
14.42 B INR
18.20 B INR

Voltas Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 14, 2026, 8:04 PM
 
REVENUEB INR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB INR
EBITB INR
EBIT MARGIN%
NET INCOMEB INR
NET INCOME GROWTH%
DIV.INR
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
51.8357.4760.9564.2871.2476.5875.5679.3494.99124.81154.13144.86170.15197.23223.80243.00
-1.5710.876.065.4610.837.50-1.345.0119.7231.4023.49-6.0217.4615.9213.478.58
30.3928.1829.1328.3225.9127.2325.9825.4822.0921.1622.1422.1422.1422.1422.1422.14
15.7516.2017.7618.2018.4620.8519.6320.2220.9826.4134.1232.0637.6643.6649.5453.79
4.214.425.966.876.536.946.576.715.604.5510.928.5910.0911.7013.2814.42
8.127.689.7810.699.169.068.698.465.903.657.085.935.935.935.935.93
3.843.875.175.725.085.175.255.041.352.528.415.417.9611.2413.4818.20
56.600.7333.6610.63-11.271.831.53-4.02-73.2186.67233.85-35.7147.0941.2819.9534.98
2.252.603.504.004.004.005.005.504.255.507.007.007.838.76––
40.6215.5634.6214.29––25.0010.00-22.7329.4127.27–11.8611.88––
331.00331.00331.00331.00331.00331.00330.88330.88330.88330.88330.88330.88330.88330.88330.88330.88
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Voltas generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Voltas retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Voltas's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Voltas has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Voltas's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Voltas stock margins

The Voltas margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Voltas. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Voltas.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
25.98 %
8.69 %
6.95 %
Jan 1, 2022
25.48 %
8.46 %
6.35 %
Jan 1, 2023
22.09 %
5.90 %
1.42 %
Jan 1, 2024
21.16 %
3.65 %
2.02 %
Jan 1, 2025
22.14 %
7.08 %
5.46 %
Jan 1, 2026 (e)
22.14 %
5.93 %
3.73 %
Jan 1, 2027 (e)
22.14 %
5.93 %
4.68 %
Jan 1, 2028 (e)
22.14 %
5.93 %
5.70 %

Voltas Stock Revenue, EBIT, Earnings per Share

The Voltas earnings per share therefore indicates how much revenue Voltas has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
228.35 INR
19.85 INR
15.87 INR
Jan 1, 2022
239.80 INR
20.28 INR
15.23 INR
Jan 1, 2023
287.07 INR
16.93 INR
4.08 INR
Jan 1, 2024
377.21 INR
13.76 INR
7.62 INR
Jan 1, 2025
465.81 INR
33.00 INR
25.43 INR
Jan 1, 2026 (e)
437.78 INR
25.97 INR
16.35 INR
Jan 1, 2027 (e)
514.22 INR
30.50 INR
24.05 INR
Jan 1, 2028 (e)
596.08 INR
35.36 INR
33.97 INR

Voltas business model & stock analysis

Voltas Ltd is an Indian company that was founded in 1954 as a joint venture between Tata Sons and Volkart Brothers. Since then, the company has become one of the leading manufacturers of air conditioning and refrigeration technology in India. Voltas is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Voltas' business model is designed to serve customers in various technical fields. Voltas' business areas include air conditioning, mechanical and electromechanical projects, textile machinery, mining and construction equipment, and unitary cooling products. The "air conditioning" division is the largest area of Voltas and includes the production of air conditioning and refrigeration systems for use in residential and commercial buildings. Voltas manufactures both central air conditioning systems and split air conditioning systems, which are available in various sizes and configurations. Voltas' mechanical and electromechanical division offers a variety of services and solutions to customers in various industries, including building automation, fire protection, security systems, and more. Customers can receive customized solutions for their specific needs and are supported by a proven team of experts. Voltas is also involved in the manufacture of textile machinery and offers a wide range of products such as spinning units, weaving mills, processing units, and more. These products are exported globally and are highly sought after due to their high quality and efficiency. In the mining and construction equipment sector, Voltas also offers a wide range of products such as compact loaders, excavators, road rollers, and other construction machinery. The "unitary cooling products" division specializes in selling refrigeration systems for use in retail stores, offices, and restaurants. Here, customers can find a wide range of solutions for their specific requirements, such as self-contained systems, condensing units, display cabinets, and more. Overall, Voltas offers its customers a broad portfolio of products and services that are characterized by quality, reliability, and efficiency. The company has earned a reputation as a trusted and proven partner in many industries and is also recognized internationally as an attractive provider of air conditioning and refrigeration systems, as well as textile machinery. In summary, Voltas Ltd is a leading company in the Indian economy that offers a wide range of products and services. The company specializes in air conditioning, mechanical and electromechanical projects, textile machinery, mining and construction equipment, and unitary cooling products, serving customers in various industries. Voltas has earned a reputation as a reliable and efficient partner and is popular internationally due to its high quality and efficiency.

Voltas SWOT Analysis

Strengths

Voltas Ltd has a strong brand presence in the air conditioning and cooling solutions market.

The company has a wide range of high-quality products that cater to both residential and commercial customers.

Voltas has a robust distribution network, allowing it to reach customers across various regions.

Weaknesses

Voltas faces intense competition in the market, which puts pressure on its market share and pricing.

The company relies heavily on a few key suppliers, which could disrupt its supply chain in case of any issues.

Voltas has limited presence in international markets, limiting its growth opportunities.

Opportunities

Increasing demand for energy-efficient cooling solutions presents growth opportunities for Voltas.

Expansion into international markets can help the company diversify its revenue streams.

The government's focus on infrastructure development provides opportunities for Voltas to supply its products for construction projects.

Threats

The volatility of raw material prices can impact Voltas' profitability.

Economic downturns and fluctuations in exchange rates can affect the purchasing power of customers, impacting Voltas' sales.

The emergence of substitute products or technologies could pose a threat to Voltas' market share.

Voltas Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Voltas historical P/E ratio, EBIT multiple, and P/S ratio

Voltas annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Voltas shares outstanding

The number of shares of Voltas was 330.88 M in 2025. This indicates how many shares Voltas is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
330.88 M Stocks
Jan 1, 2022
330.88 M Stocks
Jan 1, 2023
330.88 M Stocks
Jan 1, 2024
330.88 M Stocks
Jan 1, 2025
330.88 M Stocks
Jan 1, 2026 (e)
330.88 M Stocks
Jan 1, 2027 (e)
330.88 M Stocks
Jan 1, 2028 (e)
330.88 M Stocks

Voltas stock splits

In Voltas's history, there have been no stock splits.

Voltas Dividend History

29 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20257.00INR↑ 27.3%1×
Jun 20, 20257.00INR↑ 27.3%1/1
20245.50INR↑ 29.4%1×
20234.25INR↓ 22.7%1×
20225.50INR↑ 10.0%1×
20215.00INR↑ 25.0%1×
20204.00INR 0.0%1×
20194.00INR 0.0%1×
20184.00INR↑ 14.3%1×
20173.50INR↑ 34.6%1×
20162.60INR↑ 15.6%1×

Voltas dividend history and estimates

In 2025, Voltas paid a dividend amounting to 7.00 INR. Dividend means that Voltas distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
5.00 INR
0.00 INR
0.00 INR
Jan 1, 2022
5.50 INR
0.00 INR
0.00 INR
Jan 1, 2023
4.25 INR
0.00 INR
0.00 INR
Jan 1, 2024
5.50 INR
0.00 INR
0.00 INR
Jan 1, 2025
7.00 INR
0.00 INR
0.00 INR
Jan 1, 2026
7.00 INR
0.00 INR
0.00 INR
Jan 1, 2027 (e)
0.00 INR
7.83 INR
0.00 INR
Jan 1, 2028 (e)
0.00 INR
8.76 INR
0.00 INR

Voltas dividend payout ratio

In 2025, Voltas had a payout ratio of 27.53%. The payout ratio indicates the percentage of the company's profits that Voltas distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
31.50 %
Jan 1, 2022
36.10 %
Jan 1, 2023
104.16 %
Jan 1, 2024
72.22 %
Jan 1, 2025
27.53 %
Jan 1, 2026 (e)
42.81 %
Jan 1, 2027 (e)
32.56 %
Jan 1, 2028 (e)
25.78 %

Current Voltas forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.70 %
Buy
43.90 % (18)
Hold
41.46 % (17)
Sell
14.63 % (6)
12M Price Target
1,458.60
Last Price
1,282.00
Currency
INR
12M Return Potential
13.78 %
LTM Return
0 %

Voltas Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
4/24/20244.95INR-35.37 BINR-2024 Q4
2/7/20242.51INR-24.16 BINR-2024 Q3

EESG©

Eulerpool ESG Scorecard© for the Voltas stock

86/100
99
Environment
99
Social
59
Governance
E

Environment

20
Scope 1 - Direct Emissions7,562
Scope 2 - Indirect emissions from purchased energy8,353
Scope 3 - Indirect emissions within the value chain2,716
Total CO₂ emissions15,915
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees5.217
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Voltas shareholder structure

% Name
4.08603%
Nippon Life India Asset Management Limited
Nippon Life India Asset Management Limited
2.56260%
Mirae Asset Global Investments (India) Pvt. Ltd.
Mirae Asset Global Investments (India) Pvt. Ltd.
2.30080%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.85272%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.09994%
DSP Investment Managers Pvt. Ltd.
DSP Investment Managers Pvt. Ltd.
1.04848%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
...

Voltas Beneficial Ownership Filings (SEC 13D/G)

Free Float
71.8%
Float Shares
-
Shares Outstanding
-

Voltas Executives and Management Board

24 members · avg. age 63 · 8 % women

PB

Mr. Pradeep Bakshi (62)

Chief Executive Officer, Managing Director, Executive Director

72.10 M INR

Management

JV

Mr. Jitender Verma (58)

Chief Financial Officer

29.37 M INR
JB

Mr. Jayant Balan

Chief Executive Officer - Voltbek Home Appliances Private Limited

–
NN

Mr. Narendren Nair

Chief Human Resources Officer, Executive Vice President

–
RR

Mr. Ratnesh Rukhariyar

Compliance Officer, Company Secretary

–
BB

Mr. Boishakhi Banerjee

Head People & Culture

–
KC

Mr. Kishore Chandrasekharan

Head - Commercial Air Conditioning

–

Board of Directors

MM

Mr. Mukundan Menon

Executive Director and Head Room Air Conditioner Business · since 2023

32.00 M INR
NT

Mr. Noel Tata (67)

Non-Executive Non-Independent Chairman of the Board

4.41 M INR
AA

Mr. Arun Adhikari (69)

Non-Executive Independent Director

3.72 M INR
VD

Mr. Vinayak Deshpande (67)

Non-Executive Non-Independent Director

2.28 M INR
JM

Mr. Jayesh Merchant

Non-Executive Independent Director

860,000.00 INR
SA

Mr. Saurabh Agrawal (54)

Non-Executive Non-Independent Director

350,000.00 INR

Frequently asked questions about Voltas

Voltas Ltd is an Indian multinational company that specializes in air conditioning and cooling technology solutions. Their business model focuses on designing, manufacturing, and distributing a wide range of cooling products such as air conditioners, air coolers, and commercial refrigeration equipment. Voltas also offers engineering, procurement, and construction services for air conditioning and refrigeration systems in various industries like healthcare, retail, hospitality, and manufacturing. With a strong emphasis on quality, innovation, and customer satisfaction, Voltas has emerged as a leading player in the cooling solutions industry.

Voltas Ltd is primarily active in the engineering and manufacturing industry.

Some of the main competitors of Voltas Ltd in the market include Blue Star Ltd, Johnson Controls-Hitachi Air Conditioning India Ltd, and LG Electronics India Pvt Ltd.

Voltas Ltd is an Indian multinational company specializing in air conditioning and cooling technology solutions. Established in 1954, Voltas has grown to become one of the leading providers of engineering solutions across various industries. The company is part of the esteemed Tata group and has a rich history of innovation and customer-centric approach. Voltas offers a wide range of products and services, including air conditioners, refrigerators, and commercial cooling solutions. With a strong commitment to quality and sustainability, Voltas has established a solid presence both in domestic and international markets, making it a trusted name in the industry.

Voltas Ltd has achieved significant milestones since its inception. The company has established itself as a leading provider of engineering solutions and project services. Voltas Ltd has successfully executed several prestigious projects across various industries, including air conditioning, refrigeration, electro-mechanical projects, and textile machinery. With a strong focus on innovation and customer satisfaction, the company has consistently gained market share and expanded its presence both domestically and internationally. Voltas Ltd's commitment to quality and excellence has garnered numerous awards and recognitions, solidifying its position as a trusted name in the industry.

Voltas Ltd is primarily present in India and several international markets. The company operates in various countries and regions including the Middle East, Africa, South East Asia, and Europe. Voltas Ltd, a leading air conditioning, and engineering solutions provider, has a strong presence in the Indian market and has expanded its reach globally. With its quality products and services, Voltas Ltd has established itself as a key player not only in India but also in several countries and regions around the world.

Voltas Ltd represents values of integrity, excellence, and customer satisfaction in its corporate philosophy. With a strong focus on delivering high-quality products and services, Voltas aims to create value for its stakeholders while upholding ethical practices. The company believes in fostering long-term relationships with customers and partners, consistently striving for innovation and sustainability. As a renowned provider of engineering solutions and air conditioning systems, Voltas Ltd has built a reputation for its reliable and efficient solutions, making it a trusted choice for customers worldwide.

Analysts currently set an average price target of 1,444.75 INR for the Voltas stock (median: 1,458.60 INR), implying +12.7 % versus the latest price. The consensus is based on 41 analyst ratings.

Voltas Analyst Price Targets 2026

41 analysts currently rate the Voltas stock: 18 recommend buying, 17 holding and 6 selling. For 2026, analysts expect Voltas to generate revenue of 144.86 B INR and earnings per share of 16.35 INR.

Voltas Analyst Price Targets 2026

Converted at the current exchange rate, the Voltas share trades at 11.65 EUR (1,282.00 INR).

Voltas Ltd is a leading company in the field of air conditioning and cooling in India. It was founded in 1954 and has steadily expanded its business, operating in various sectors. Voltas Ltd is a part of the Tata Group and is headquartered in Mumbai. The company offers a wide range of products and distributes them in India and other countries. One of the main sectors of Voltas Ltd is the manufacturing and distribution of air conditioning systems. The company offers a wide selection of air conditioners, including split and window air conditioners, inverter air conditioners, tower air conditioners, and portable air conditioners. Voltas Ltd has a long history in the production of air conditioning systems and is now one of the largest suppliers of air conditioners in India. Voltas Ltd is also involved in the manufacturing and distribution of cooling systems. They offer various cooling products including refrigerators, freezers, cold rooms, and deep freezers. Voltas Ltd has been active in the production of cooling systems for years and has established itself as one of the leading suppliers in India. Additionally, Voltas Ltd offers engineering solutions tailored to the needs of their customers. This includes installation and maintenance of air conditioning and cooling systems, engineering design and consulting services, interior fit-outs, fire suppression systems, and mechanical, electromechanical, and electrical systems. These engineering solutions are used in various sectors such as commercial, industrial, and residential properties. In addition, Voltas Ltd is involved in the manufacturing of machinery. They produce various machines such as forklifts, compressors, and screw compressors. These machines are used in various industries including construction, automotive, and logistics. Overall, Voltas Ltd is a versatile company that offers a wide range of products and services and operates in various sectors. It has a long history in the production of air conditioning and cooling systems and has established itself as a leading supplier in India. With its engineering solutions and machinery manufacturing capabilities, it provides customized solutions for the needs of its customers.

The expected revenue of Voltas is 144.86 B INR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Voltas is 5.41 B INR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Voltas is currently 78.41. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Voltas stock.

The price-to-sales ratio (P/S) of Voltas is currently 2.93. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Voltas stock.

The Eulerpool Quality Score for Voltas is 8/10.

The ISIN of Voltas is INE226A01021. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Voltas is VOLTAS.NS. The ticker symbol is used to trade Voltas shares on the stock exchange.

Over the past 12 months, Voltas paid a dividend of 7.00 INR . This corresponds to a dividend yield of about 0.55 %. For the coming 12 months, Voltas is expected to pay a dividend of 7.83 INR.

The current dividend yield of Voltas is 0.55 %.

Voltas pays a dividend, distributed in the months of , , , .

Voltas paid dividends every year for the past 27 years.

For the upcoming 12 months, dividends amounting to 7.83 INR are expected. This corresponds to a dividend yield of 0.61 %.

Voltas is assigned to the 'Industry' sector.

To receive the latest dividend of Voltas from amounting to 7 INR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Voltas distributed 4.25 INR as dividends.

The dividends of Voltas are distributed in INR.

All fundamentals and in-depth analysis of Voltas

Our stock analysis for Voltas stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Voltas. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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