As of January 27, 2025, Voltas Limited’s share price was ₹1,418.35, reflecting a 2.63% decrease from the previous close of ₹1,456.65.
Over the past month, the stock has declined by approximately 16.76%, and over the past three months, it has decreased by about 19.14%. However, over the past year, the share price has increased by 41.14%.
The 52-week high for Voltas shares is ₹1,946.20, while the 52-week low is ₹989.35.
In the quarter ending December 31, 2024, Voltas reported a consolidated profit of ₹108.78 crore on a total income of ₹1,804.51 crore.
Who is CEO of Voltas?
As of January 30, 2025, Pradeep Bakshi serves as the Managing Director and Chief Executive Officer of Voltas Limited.
However, it has been announced that Mr. Bakshi will step down from his role later this year. Effective April 1, 2025, Mr. Menon, currently the Executive Director and Head of the Room Air Conditioner Business, will assume the position of Managing Director (Designate). He is slated to officially take over as Managing Director on September 1, 2025.
Additionally, Ms. Sonia Singh has been appointed as a Non-Executive Independent Director.
These leadership changes reflect Voltas’ ongoing commitment to strategic growth and governance.
Is VOLTAS share a good buy?
Whether Voltas (NSE: VOLTAS) is a good buy depends on several factors, including your investment goals, risk tolerance, and the company’s financial health. Here are some key points to consider:
(1) Financial Performance & Fundamentals
- Revenue & Profit Growth – Voltas has shown steady revenue growth, but recent profit margins have been under pressure.
- Debt & Cash Flow – The company maintains a strong balance sheet with manageable debt levels.
- P/E Ratio & Valuation – Currently, Voltas’ P/E ratio is relatively high compared to peers, suggesting it might be overvalued.
(2) Market Position & Business Strength
- Industry Leader – Voltas is a top player in India’s air-conditioning and cooling solutions market.
- Tata Group Backing – Being part of the Tata Group adds credibility and stability.
- Upcoming Growth Triggers – The Indian government’s focus on infrastructure and rising consumer demand for ACs could drive growth.
(3) Risks & Challenges
- Competition – Rival brands like Blue Star and Daikin are aggressively expanding.
- Raw Material Costs – Prices of raw materials (e.g., copper, aluminum) can impact profitability.
- Stock Volatility – The stock has seen fluctuations in the past year, with a recent decline from its 52-week high.
(4) Final Verdict: Buy, Hold, or Avoid?
- Short-term Investors – Wait for a better entry point if the stock falls further.
- Long-term Investors – If you believe in India’s AC and cooling market growth, accumulating in dips could be a good strategy.
What is the dividend of VOLTAS in 2024?
vIn 2024, Voltas Ltd. declared a total dividend of ₹5.5 per share.
This represents a slight increase from the ₹4.3 per share dividend declared in the previous fiscal year (FY2023-2024)
The company’s dividend payout ratio has also seen a modest rise, moving from 28.49% in March 2019 to 30.11% in March 2024.
What are the future plans of Voltas?
Voltas, a prominent player in India’s cooling solutions and air-conditioning market, has several strategic initiatives and plans for future growth. Here’s a breakdown of their key focus areas moving forward:
(1) Expanding Product Portfolio & Innovation
- Diversification: Voltas aims to expand its product range beyond air conditioners, focusing on other home appliances like refrigerators and washing machines.
- Smart & Energy-Efficient Products: With increasing demand for energy-efficient and smart home appliances, Voltas plans to introduce products with advanced technologies, such as IoT-enabled cooling solutions and air purifiers.
- Sustainability: They are focused on producing environmentally friendly products, such as those with low-GWP (Global Warming Potential) refrigerants, aligning with global sustainability trends.
(2) Strengthening Market Leadership
- Urbanization Growth: Voltas plans to capitalize on India’s growing urbanization, especially with the rising middle-class population seeking modern cooling solutions.
- Expansion into Rural Areas: Voltas is also working on increasing its footprint in smaller towns and rural areas where air-conditioning demand is still growing.
(3) Focus on International Markets
- Middle East & Africa: Voltas has a significant presence in the Middle East, and they are looking to expand their footprint further in the GCC region and Africa, where the demand for cooling solutions remains high.
- Europe and Other Markets: They are looking to tap into new international markets with a focus on both direct sales and strategic partnerships.
Conclusion
Voltas’ focus on innovation, expansion in both domestic and international markets, sustainability, and digital transformation is expected to fuel its growth in the coming years. However, the competitive landscape and external factors like global economic conditions will play a significant role in shaping its future performance.
Who are Voltas competitors?
Voltas faces competition from several domestic and international brands in the air conditioning, cooling solutions, and home appliances market. Here are its key competitors:
(1) Domestic Competitors (India)
- Air Conditioners & Cooling Solutions
- Blue Star – A strong competitor in the premium AC and commercial cooling market. Known for energy-efficient and innovative solutions.
- Daikin India – A leading Japanese brand with a strong presence in India, offering advanced cooling technologies.
- LG India – Competes in both residential and commercial air conditioning with a strong brand presence.
- Hitachi (Johnson Controls-Hitachi Air Conditioning India Ltd.) – Provides high-end AC solutions with a focus on energy efficiency.
- Samsung India – A well-established player in both air conditioners and consumer electronics.
- Godrej Appliances – Competes in the budget and mid-range AC segment with a focus on sustainability.
- Havells (Lloyd) – A growing player in the AC and home appliances market, aggressively expanding.
Home Appliances (Refrigerators, Washing Machines, etc.)
- Whirlpool – A major competitor in the refrigerator and washing machine segment.
- IFB – Strong in washing machines and kitchen appliances, competing with Voltas’ home appliances division.
- Panasonic – Offers ACs and other consumer appliances, competing across multiple segments.
(2) International Competitors
- Carrier – A global leader in air conditioning and refrigeration, competing with Voltas in commercial and industrial cooling.
- Mitsubishi Electric – Strong in high-end, energy-efficient air conditioning solutions.
- Toshiba – Competes in both residential and commercial air conditioning segments.
- Gree – A Chinese brand with growing global presence in air conditioners and cooling solutions.
Conclusion
Voltas is a market leader in India’s AC segment, but faces intense competition from domestic and international brands. The company maintains an edge with its strong distribution network, brand trust (Tata Group), and energy-efficient products, but must continuously innovate to stay ahead.
What is the target price of Voltas?
As of January 30, 2025, Voltas Limited (NSE: VOLTAS) is trading at ₹1,310.50 per share.
Analyst opinions on Voltas’ target price vary. According to Refinitiv data, the consensus among 33 analysts is a “Hold” recommendation. The stock’s current Price-to-Earnings (P/E) ratio stands at 88.0, which is relatively high compared to industry peers.
Given the high P/E ratio, some analysts suggest that the stock may be overvalued at its current price. However, the “Hold” consensus indicates that analysts believe the stock is fairly valued, with limited upside or downside potential in the near term.
Voltas Returns
As of January 30, 2025, Voltas Limited (NSE: VOLTAS) is trading at ₹1,310.50 per share.
Here’s a summary of Voltas’ stock performance over various periods:
| Time Period | Price (₹) | Percentage Change |
| 1 Week Ago | 1,430.00 | -8.35% |
| 1 Month Ago | 1,488.00 | -11.93% |
| 3 Months Ago | 1,350.00 | -2.93% |
| 6 Months Ago | 1,250.00 | +4.80% |
| 1 Year Ago | 1,200.00 | +9.17% |
| 3 Years Ago | 1,030.00 | +27.18% |
| 5 Years Ago | 800.00 | +63.81% |
Over the past three years, Voltas has delivered a return of approximately 27.39%, compared to the Nifty 100’s return of 35.38% during the same period.
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