Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 434,551 - -
Change - -34.3% 34.87% 32.18% -12.74% 3.18% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 421,551 419,154 420,470
Change - -34.19% 34.81% 33.2% -12.69% -0.34% -0.57% 0.31%
P/E 81.8x 201x 145x 57.4x 112x 54.8x 38.9x 32x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 6.27x 5.62x 5.14x
PEG - -2.7x 1.7x 0x -2x 0x 1x 1.5x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.55x 2.19x 1.95x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.47x 2.11x 1.89x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 39.2x 29.1x 25.5x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 42.4x 30.9x 27x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 79x 63.2x 47.2x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.27% 1.58% 2.12%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.821 8.936 10.87
Rate of return 0.44% 0.52% 0.5% 0.48% 0.31% 0.52% 0.68% 0.83%
EPS 2 15.23 4.08 7.62 25.43 11.35 23.97 33.75 41.03
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 28.5% 26.5% 26.5%
Net sales 1 79,344 94,988 124,812 154,128 142,445 170,699 198,241 222,800
EBITDA 1 6,816 5,724 4,746 11,162 6,469 10,757 14,392 16,510
EBIT 1 6,443 5,328 4,270 10,544 5,628 9,935 13,549 15,582
Net income 1 5,041 1,350 2,520 8,414 3,759 7,891 11,118 13,424
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -13,000 -15,397 -14,080
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,313.30 1,313.30 1,313.30
Nbr of stocks (in thousands) 330,885 330,885 330,885 330,885 330,885 330,885 - -
Announcement Date 5/5/22 4/26/23 5/7/24 5/7/25 5/14/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
54.78x2.47x39.19x0.52% 4.54B
30.05x4.32x21.06x0.91% 98.77B
29.24x3.7x19.73x1.15% 85.06B
27.86x2.58x12.56x1.61% 49.39B
23.74x1.3x9.4x1.51% 40.51B
17.65x2.82x12.75x1.22% 14.96B
25.22x1.54x15.46x3.68% 12.32B
16.65x2.26x10.94x2.33% 8.55B
23.99x2.1x12.5x1.28% 7.78B
37.1x3.57x20.66x - 6.95B
Average 28.63x 2.67x 17.43x 1.58% 32.88B
Weighted average by Cap. 27.99x 3.21x 17.19x 1.32%

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