Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 425,319 - -
Change - -34.3% 34.87% 32.18% -12.74% 0.99% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 412,871 410,379 405,871
Change - -34.19% 34.81% 33.2% -12.69% -2.4% -0.6% -1.1%
P/E Ratio 81.8x 201x 145x 57.4x 112x 53x 37.9x 31.7x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 6.11x 5.47x 4.93x
PEG - -2.7x 1.7x 0x -2x 0x 1x 1.6x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.5x 2.15x 1.9x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.43x 2.08x 1.81x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 37.9x 28.3x 24.6x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 41.1x 30.2x 26x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 77.2x 62.1x 45.6x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.29% 1.61% 2.19%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.774 9.022 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 24.26 33.91 40.55
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 27.9% 26.6% 26.6%
Net sales 1 79,344 94,988 124,812 154,128 142,445 170,193 197,421 223,676
EBITDA 1 6,816 5,724 4,746 11,162 6,469 10,895 14,477 16,530
EBIT 1 6,443 5,328 4,270 10,544 5,628 10,036 13,575 15,599
Net income 1 5,041 1,350 2,520 8,414 3,759 7,990 11,184 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 1,285.40 1,285.40 1,285.40
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
52.99x2.43x37.89x0.53% 4.47B
30.87x4.43x21.6x0.89% 101B
30.96x3.84x20.9x1.12% 88.44B
32.4x3.07x14.94x1.36% 58.07B
25.75x1.31x9.46x1.43% 40.01B
20.93x3.33x14.96x1.01% 17.82B
29.47x1.95x18.51x3.46% 15.3B
55.14x5.43x30.39x0.31% 10.42B
15.82x2.16x10.42x2.44% 8.14B
23.18x2.04x12.13x1.33% 7.79B
Average 31.75x 3.00x 19.12x 1.39% 35.18B
Weighted average by Cap. 30.48x 3.43x 18.47x 1.23%

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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  4. Valuation Voltas Limited
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