Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 342,036 - -
Change - -34.3% 34.87% 32.18% -12.74% -18.79% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 327,121 325,318 317,108
Change - -34.19% 34.81% 33.2% -12.69% -22.67% -0.55% -2.52%
P/E 81.8x 201x 145x 57.4x 112x 46.9x 32.8x 26.2x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 4.97x 4.49x 4.06x
PEG - -2.7x 1.7x 0x -2x 0.5x 0.8x 1x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.05x 1.75x 1.54x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 1.96x 1.66x 1.43x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 32.6x 23.8x 19.7x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 35.6x 25.4x 20.8x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 58.7x 49x 42.8x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.7% 2.04% 2.34%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.726 8.751 10.37
Rate of return 0.44% 0.52% 0.5% 0.48% 0.31% 0.65% 0.85% 1%
EPS 2 15.23 4.08 7.62 25.43 11.35 22.02 31.51 39.49
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 30.5% 27.8% 26.3%
Net sales 1 79,344 94,988 124,812 154,128 142,445 167,111 195,632 222,378
EBITDA 1 6,816 5,724 4,746 11,162 6,469 10,047 13,668 16,131
EBIT 1 6,443 5,328 4,270 10,544 5,628 9,182 12,784 15,230
Net income 1 5,041 1,350 2,520 8,414 3,759 7,364 10,466 13,079
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -14,914 -16,717 -24,927
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,033.70 1,033.70 1,033.70
Nbr of stocks (in thousands) 330,885 330,885 330,885 330,885 330,885 330,885 - -
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.($)
46.91x1.96x32.55x0.65% 3.53B
25.12x2.98x16.28x2.06% 234B
14.45x1.8x8.11x3.54% 208B
38.25x5.63x23.69x1.03% 167B
27.84x3.62x16.62x1.75% 168B
48.11x6.44x28.85x1.03% 160B
31.49x4.53x22.2x0.86% 105B
96.27x11.92x68.16x0.33% 99.63B
40.18x6.61x26.53x0.1% 93.47B
32.9x4.08x21.88x1.04% 95.37B
Average 40.15x 4.96x 26.49x 1.24% 133.39B
Weighted average by Cap. 35.67x 4.74x 22.98x 1.56%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Voltas Limited

Historical PBR trend

Valuation ratios - PBR - Voltas Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Voltas Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Voltas Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Voltas Limited
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