Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,12,084 2,70,746 3,65,148 4,82,662 4,21,150 3,64,238 - -
Change - -34.3% 34.87% 32.18% -12.74% -13.51% - -
Enterprise Value (EV) 1 4,09,975 2,69,822 3,63,758 4,84,512 4,23,005 3,49,222 3,48,889 3,41,499
Change - -34.19% 34.81% 33.2% -12.69% -17.44% -0.1% -2.12%
P/E 81.8x 201x 145x 57.4x 112x 48.8x 34.1x 27.1x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 5.28x 4.76x 4.31x
PEG - -2.7x 1.7x 0x -2x 0.5x 0.8x 1x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.17x 1.86x 1.63x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.08x 1.78x 1.53x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 33.8x 24.9x 20.9x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 37.4x 26.9x 22x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 64.4x 52.3x 45.9x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.55% 1.91% 2.18%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.783 8.832 10.85
Rate of return 0.44% 0.52% 0.5% 0.48% 0.31% 0.62% 0.8% 0.99%
EPS 2 15.23 4.08 7.62 25.43 11.35 22.55 32.32 40.66
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 30.1% 27.3% 26.7%
Net sales 1 79,344 94,988 1,24,812 1,54,128 1,42,445 1,67,508 1,95,998 2,23,795
EBITDA 1 6,816 5,724 4,746 11,162 6,469 10,318 14,037 16,362
EBIT 1 6,443 5,328 4,270 10,544 5,628 9,344 12,971 15,500
Net income 1 5,041 1,350 2,520 8,414 3,759 7,548 10,720 13,443
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -15,016 -15,349 -22,739
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,100.80 1,100.80 1,100.80
Nbr of stocks (in thousands) 3,30,885 3,30,885 3,30,885 3,30,885 3,30,885 3,30,885 - -
Announcement Date 05/05/22 26/04/23 07/05/24 07/05/25 14/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
50.46x2.17x35.07x0.59% 394.46Cr
28.6x4.12x20.2x0.94% 9.53TCr
30.35x3.79x20.31x1.11% 8.79TCr
26.74x2.39x11.63x1.81% 4.5TCr
20.8x1.1x8.05x1.74% 3.67TCr
15.35x2.43x11.09x1.41% 1.26TCr
26.09x1.52x14.92x3.94% 1.22TCr
26.74x2.4x13.85x1.1% 910.6Cr
15.72x2.09x10.18x2.53% 774.14Cr
28.03x2.12x16.27x1.13% 758.86Cr
Average 26.89x 2.41x 16.16x 1.63% 3.18TCr
Weighted average by Cap. 27.19x 3.10x 16.72x 1.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. VOLTAS Stock
  4. Valuation Voltas Limited
-40%: Exceptional extension
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