Voltas Key Ratios
NSE: VOLTAS | BSE: 500575
₹1,200.00
As on 28-Aug-2026IST
Market cap
₹39,706 Cr
Revenue (TTM)
₹14,979 Cr
P/E Ratio
88.4
P/B Ratio
6
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -4.38 | 18.66 | 3.80 | 14.08 | 13.24 |
| EBIT | 22.06 | 52.57 | -19.54 | 6.32 | -0.88 |
| Net Profit | 83.99 | 52.19 | -28.29 | 0.77 | -3.87 |
| EPS | 83.99 | 52.18 | -30.64 | 42.44 | -4.51 |
| Book Value | -- | -- | -2.10 | 5.36 | 5.01 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 4.41 | 5.52 | 4.32 | 3.64 | 6.84 |
| Net Margin
| 5.50 | 3.49 | 3.84 | 2.55 | 5.30 |
| Return on equity
| 7.55 | 7.16 | 7.29 | 5.74 | 13.53 |
| Return on Capital
| 9.66 | 10.80 | -- | 8.75 | 18.01 |
| Return on Assets
| 4.81 | 3.69 | 4.22 | 2.68 | 6.65 |
| Debt to Equity (x)
| -- | -- | 0.06 | 0.15 | 0.13 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
--
|
8.75
|
18.01
|
8.60
|
5.65
|
|
Peer Median
|
--
|
15.43
|
26.26
|
65.51
|
--
|
ROE
7.29
Lower than Peers by 2.62
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
7.29
|
5.74
|
13.53
|
4.40
|
2.49
|
|
Peer Median
|
9.91
|
9.61
|
21.03
|
57.55
|
--
|
ROA
4.22
Lower than Peers by 1.96
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
4.22
|
2.68
|
6.65
|
2.23
|
1.37
|
|
Peer Median
|
6.18
|
4.67
|
6.88
|
20.43
|
--
|
EBIT Margin
4.32
Lower than Peers by 1.54
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
4.32
|
3.64
|
6.84
|
3.41
|
5.61
|
|
Peer Median
|
5.86
|
5.56
|
6.84
|
12.72
|
--
|
Net Margin
3.84
Lower than Peers by 1.00
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
3.84
|
2.55
|
5.30
|
1.95
|
1.41
|
|
Peer Median
|
4.84
|
4.22
|
4.24
|
11.31
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
--
|
3.19
|
5.81
|
2.37
|
1.85
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
3.80
Lower than Peers by 19.72
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
3.80
|
-7.58
|
23.49
|
31.40
|
19.72
|
|
Peer Median
|
23.53
|
12.57
|
23.56
|
15.40
|
--
|
EBIT Growth
-19.54
Lower than Peers by 40.56
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
-19.54
|
-50.87
|
147.92
|
-20.17
|
-17.31
|
|
Peer Median
|
21.02
|
2.14
|
146.91
|
14.01
|
--
|
Net Profit Growth
-28.29
Lower than Peers by 37.14
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
-28.29
|
-55.65
|
236.25
|
82.14
|
-73.08
|
|
Peer Median
|
8.85
|
-7.12
|
148.31
|
9.39
|
--
|
EPS Growth
-30.64
Lower than Peers by 32.93
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
-30.64
|
-55.33
|
233.88
|
86.65
|
-73.22
|
|
Peer Median
|
2.29
|
-0.63
|
206.42
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
--
|
-2.10
|
11.90
|
6.76
|
-0.86
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.06
Higher than Peers by 0.06
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
0.06
|
0.15
|
0.13
|
0.12
|
0.11
|
|
Peer Median
|
0.00
|
0.07
|
0.12
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
--
|
0.09
|
0.07
|
0.08
|
0.09
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.37
Lower than Peers by 0.05
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
1.37
|
1.37
|
1.48
|
1.34
|
1.40
|
|
Peer Median
|
1.42
|
1.37
|
1.34
|
1.44
|
--
|
Quick Ratio
0.91
Higher than Peers by 0.00
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
0.91
|
0.91
|
1.03
|
0.97
|
1.05
|
|
Peer Median
|
0.91
|
0.87
|
1.03
|
1.35
|
--
|
Interest Coverage
10.09
Lower than Peers by 1.35
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
10.09
|
7.42
|
20.17
|
9.69
|
11.38
|
|
Peer Median
|
11.44
|
10.75
|
9.91
|
36.57
|
--
|
Operating Efficiency
Debtors to sales
20.26
Higher than Peers by 2.45
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
20.26
|
21.31
|
14.48
|
19.23
|
23.08
|
|
Peer Median
|
17.81
|
20.26
|
16.37
|
19.07
|
--
|
Asset Turnover
1.08
Lower than Peers by 0.08
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
1.08
|
1.03
|
1.23
|
1.12
|
0.95
|
|
Peer Median
|
1.16
|
1.08
|
1.59
|
1.57
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
--
|
67.48
|
54.85
|
67.15
|
82.65
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
--
|
78.76
|
57.43
|
54.50
|
62.51
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
--
|
150.37
|
117.01
|
126.23
|
147.29
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
--
|
-4.12
|
-4.73
|
-4.58
|
-2.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
88.40
No difference
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
88.40
|
111.79
|
57.34
|
144.86
|
200.49
|
|
Peer Median
|
88.40
|
88.40
|
62.53
|
75.42
|
--
|
Price / Book Value
5.99
Lower than Peers by 2.65
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
5.99
|
6.59
|
7.41
|
6.27
|
4.96
|
|
Peer Median
|
8.64
|
8.64
|
7.27
|
35.58
|
--
|
Dividend Yield
0.33
No difference
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
0.33
|
0.31
|
0.48
|
0.50
|
0.52
|
|
Peer Median
|
0.33
|
0.33
|
--
|
0.18
|
--
|
EV/EBITDA
40.66
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
40.66
|
47.69
|
33.62
|
49.96
|
36.41
|
|
Peer Median
|
--
|
72.55
|
58.80
|
117.38
|
--
|
Market Cap
39,706
Higher than Peers by 9,256
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Voltas
|
39,706
|
42,020
|
48,247
|
36,505
|
27,068
|
|
Peer Median
|
30,451
|
10,560
|
4,726
|
1,07,623
|
--
|