Voltas Ltd.

NSE: VOLTAS | BSE: 500575 | ISIN: INE226A01021 | Industry: Consumer Electronics
| Mid-range Performer
1374.5000 34.30 (2.56%)
NSE Sep 29, 2025 15:31 PM
Volume: 1.3M
 

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Voltas Ltd.
09 Nov 2018
1374.50
2.56%
HDFC Securities
We value based on SOTP, valuing EMPS/EPS/UCP at Sep-20 P/E at 17/20/35x with TP of Rs 640 (Rs 651 earlier). Voltas reported a mixed bag, with a beat in EMPS segment, market share gains in UCP but a sharp decline in UCP EBIT margins. Net revenues grew by 37% (exp. 10%) driven by robust execution in the project biz (trend prevalent across the capital goods sector). EBITDA/APAT grew by 25/9% (exp. of 12/6%).
Voltas Ltd. is trading below its 30 day SMA of 1389.7
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