Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 423,599 - -
Change - -34.3% 34.87% 32.18% -12.74% 0.58% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 411,254 408,827 404,150
Change - -34.19% 34.81% 33.2% -12.69% -2.78% -0.59% -1.14%
P/E 81.8x 201x 145x 57.4x 112x 53.1x 37.9x 31.6x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 6.09x 5.45x 4.91x
PEG - -2.7x 1.7x 0x -2x 0x 0.9x 1.6x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.49x 2.15x 1.89x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.42x 2.07x 1.81x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 37.8x 28.3x 24.4x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 41.1x 30.2x 25.9x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 76.6x 61.8x 45.4x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.31% 1.62% 2.2%
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% 0.53% 0.7% 0.84%
EPS 2 15.23 4.08 7.62 25.43 11.35 24.1 33.77 40.55
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 28.3% 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 14,455 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 7,939 11,137 13,122
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -12,345 -14,771 -19,448
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,280.20 1,280.20 1,280.20
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.($)
53.12x2.42x37.83x0.53% 4.45B
32.16x4.61x22.49x0.85% 106B
29.87x3.74x20.3x1.15% 85.88B
32.45x3.07x14.68x1.36% 58.2B
25.52x1.4x10.11x1.39% 44.34B
23.2x3.68x16.54x0.94% 19.84B
32.05x - - 3.25% 16.15B
46.66x4.47x25.9x0.37% 8.82B
16.78x2.28x11.02x2.3% 8.64B
63.18x - - 0.38% 7.7B
Average 35.50x 3.21x 19.86x 1.25% 35.97B
Weighted average by Cap. 31.25x 3.55x 18.59x 1.19%

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