Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 430,944 - -
Change - -34.3% 34.87% 32.18% -12.74% 2.33% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 418,496 416,004 411,496
Change - -34.19% 34.81% 33.2% -12.69% -1.07% -0.6% -1.08%
P/E 81.8x 201x 145x 57.4x 112x 53.8x 38.5x 32.1x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 6.19x 5.54x 4.99x
PEG - -2.7x 1.7x 0x -2x 0x 1x 1.6x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.53x 2.18x 1.93x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.46x 2.11x 1.84x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 38.5x 28.8x 24.9x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 41.8x 30.7x 26.4x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 77.9x 62.9x 46.3x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.28% 1.59% 2.16%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.821 8.932 10.78
Rate of return 0.44% 0.52% 0.5% 0.48% 0.31% 0.52% 0.69% 0.83%
EPS 2 15.23 4.08 7.62 25.43 11.35 24.2 33.85 40.55
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 28.2% 26.4% 26.6%
Net sales 1 79,344 94,988 124,812 154,128 142,445 170,145 197,429 223,676
EBITDA 1 6,816 5,724 4,746 11,162 6,469 10,872 14,454 16,530
EBIT 1 6,443 5,328 4,270 10,544 5,628 10,007 13,549 15,599
Net income 1 5,041 1,350 2,520 8,414 3,759 7,970 11,163 13,122
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -12,449 -14,940 -19,448
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,302.40 1,302.40 1,302.40
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.($)
53.83x2.46x38.49x0.52% 4.57B
32.19x4.61x22.51x0.85% 106B
29.55x3.68x20.04x1.17% 84.44B
34.1x3.2x15.61x1.29% 61.12B
26.89x1.36x9.88x1.37% 41.41B
23.06x3.65x16.4x0.93% 19.62B
32.41x - - 3.21% 16.36B
54.96x5.23x30.3x0.32% 10.38B
16.51x2.25x10.85x2.34% 8.51B
63.74x - - 0.38% 7.75B
Average 36.73x 3.31x 20.51x 1.24% 35.98B
Weighted average by Cap. 32.04x 3.59x 18.88x 1.18%

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

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  3. VOLTAS Stock
  4. Valuation Voltas Limited