Voltas Ltd. News and Updates

Name: Latest research reports of Voltas Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Voltas Ltd.
Rating: 3
Author: Motilal Oswal

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Voltas Ltd.

06 Nov 2018

1371.30

-0.36%

Marginally short of expectations; Retail performing well

Neutral: Voltas Ltd.

Target

Motilal Oswal

6 November 2018 Sales grew 37% YoY to INR14.2b, above our estimate of INR11.9b, led by better EMP sales (INR9.0b v/s our estimate of INR6.8b). EBITDA rose 27% YoY to INR1.1b (in-line), with the margin of 7.6% (-60bp YoY) missing our estimate of 9.2% due to weak UCP margins. PAT rose 8.5% YoY to INR1.0b, ahead of our estimate of INR930m, led by higher other income (INR461m v/s our estimate of INR290m) and a lower tax rate (23.2% v/s our estimate of 28.4%). UCP sales grew 8% YoY to INR4.

Voltas Ltd. is trading below its 30 day SMA of 1373.5

Voltas Ltd.

09 Oct 2018

1371.30

-0.36%

Takeaways from review of Voltas Beko products

Neutral: Voltas Ltd.

Target

Motilal Oswal

imported from Thailand with the initial rollout of frost-free models; the company plans to launch smaller-sized direct-cooling models later. launched washing machines in different categories of 7-12kgs across range and 12-year motor warranty v/s 10-year industry norm All front-load, fully-automatic machines come with inverter motors for power which has 15min/30min extra wash cycle and vents on top of the washing machine for better drying during monsoons A+++ rating for fully-automatic washing machinesthese are the top-of-the- line fully-automatic washers and are most energy efficient as per EU standards In our view, size of the washing tub is bigger than competition across Washer-cum-dryer models also being launched in top-end models. around 100 exclusive brand outlets and around 70% of its dealers (~16,000 touch points for Voltas) deal in other product categories and this network would be utilized by the JV.

Voltas Ltd.'s price crossed below 50Day SMA today

Voltas Ltd.

27 Sep 2018

1371.30

-0.36%

Havells, Voltas slip on custom duty hike; here's how analysts see the move

Business Standard

The new tariffs came into effect from Wednesday midnight. The import of these 19 items cost Rs 860 billion in FY18, according to the finance ministry.

ICICI Securities Limited increased Hold price target of Voltas Ltd. to 1359.0 on 21 Sep, 2025.

Voltas Ltd.

18 Sep 2018

1371.30

-0.36%

Voltas Ltd. - Company Update - Meaningful revival on cards

Buy: Voltas Ltd.

Target

Religare

Voltas is India's largest air conditioning company and one of the world's premier engineering solutions providers and project specialists. It operates its business under three segments, namely i) Unitary Cooling Products, ii) Electro Mechanical Projects and iii) Engineering Products & Services.

Voltas Ltd. has lost -28.89% in the last 1 Year

Voltas Ltd.

14 Sep 2018

1371.30

-0.36%

Voltas-Turkish firm JV gears up for festival season

Business Line

Turkish company Arcelik, which is foraying into the Indian home appliance sector in a joint-venture with Voltas Ltd, believes India could become its l

Voltas Ltd. is trading above its 150 day SMA of 1328.9

Voltas-Turkish firm JVgears up for festival season

Business Line | 14 Sep 2018 4 more

Voltas Ltd.

14 Sep 2018

1371.30

-0.36%

Voltas-Arcelik JV launches home appliances

Neutral: Voltas Ltd.

Target

Motilal Oswal

14 September 2018 Consumer Durables home appliance portfolio consist of refrigerators, washing machines, dishwashers and microwaves, and these will be sold under the brand Voltas Beko. With this launch, the Voltas-Arcelik JV should address a potential market of INR430b, which is growing at 10-12% annually. The company is looking to corner around 10% market share, and to generate revenues of INR100b by 2025 in the home appliances segment. Key competitors for Voltas Beko are LG, Samsung and Whirlpool (Page-2 onwards market size, market share, competition and pricing across categories). The JV named Voltbek Home Appliances Private Limited (Voltbek) plans refrigerators; b) 40 SKU's in washing machines; c) 12 SKU's in microwaves; and d) 7 SKU's in dishwashers. The products will initially be imported from Arceliks plants in Thailand and Turkey. Production is slated to begin from mid-CY19 onwards and the factory would have a capacity of 1m refrigerators and washing machines, along with 0.

Voltas Ltd. is trading below its 30 day SMA of 1373.5

Voltas Ltd.

28 Aug 2018

1371.30

-0.36%

Street looks at Voltas' margin trend; rise in share of ACs a positive

Business Standard

Increasing share of AC market and volume outlook are positive, but profitability pressure remains a worry

Voltas Ltd. has lost -28.89% in the last 1 Year

Voltas Ltd.

13 Aug 2018

1371.30

-0.36%

Voltas Ltd

Hold: Voltas Ltd.

Target

ICICI Securities Limited

A weak summer coupled with lower volume offtake in Q1FY19 led to ~2% YoY decline in sales growth of unitary cooling product (UCP) YoY in Q1FY19. On the other hand, strong sales growth in EMPS segment (up ~31% YoY) was on the back of a pick-up in execution of domestic and international orders. Despite rising competition, its market share was at 23.5% in Q1FY19 in the RAC segment Saving in other expenses (down ~50 bps YoY) and employee cost (down 90 bps YoY) helped offset lower gross margin. As a result,...

Voltas Ltd.'s price crossed below 50Day SMA today

Voltas Ltd.

13 Aug 2018

1371.30

-0.36%

Voltas - Result Update

Buy: Voltas Ltd.

Reliance Securities

Voltas Ltd.'s price crossed below 50Day SMA today

Voltas Ltd.

12 Aug 2018

1371.30

-0.36%

Sales, EBITDA exceed estimate; Projects biz shines

Neutral: Voltas Ltd.

Target

Motilal Oswal

12 August 2018 Sales of INR20.5b (+11% YoY) were above our estimate of INR19.9b. EBITDA rose 17% YoY to INR2.4b (our estimate: INR2.3b), with the margin at 11.3% (+60bp YoY) v/s our estimate of 11.5%. PAT of INR1.8b (flat YoY) was lower than our estimate of INR2.0b on account of lower other income (INR282m v/s our estimate of INR500m). UCP sales declined 2% YoY to INR11.9b due to unseasonal rains across the northern and southern markets. Market share stood at 23.5% (+130bp YoY and +70bp QoQ).

Voltas Ltd.'s price crossed below 50Day SMA today

Is Voltas Ltd. worth buying?

387 Votes:

Buy 75.97%

Sell 17.31%

Hold 6.72%

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