Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 340,513 - -
Change - -34.3% 34.87% 32.18% -12.74% -19.15% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 325,599 323,796 315,586
Change - -34.19% 34.81% 33.2% -12.69% -23.03% -0.55% -2.54%
P/E 81.8x 201x 145x 57.4x 112x 47x 32.8x 26.1x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 4.95x 4.47x 4.03x
PEG - -2.7x 1.7x 0x -2x 0.5x 0.8x 1x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.04x 1.73x 1.53x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 1.95x 1.65x 1.41x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 32.6x 23.6x 19.5x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 35.4x 25.2x 20.7x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 58.5x 48.8x 42.6x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.71% 2.05% 2.35%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.718 8.689 10.21
Rate of return 0.44% 0.52% 0.5% 0.48% 0.31% 0.65% 0.84% 0.99%
EPS 2 15.23 4.08 7.62 25.43 11.35 21.9 31.41 39.49
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 30.7% 27.7% 25.8%
Net sales 1 79,344 94,988 124,812 154,128 142,445 167,241 196,567 223,280
EBITDA 1 6,816 5,724 4,746 11,162 6,469 9,997 13,695 16,150
EBIT 1 6,443 5,328 4,270 10,544 5,628 9,200 12,834 15,282
Net income 1 5,041 1,350 2,520 8,414 3,759 7,327 10,488 13,079
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -14,914 -16,717 -24,927
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,029.10 1,029.10 1,029.10
Nbr of stocks (in thousands) 330,885 330,885 330,885 330,885 330,885 330,885 - -
Announcement Date 5/5/22 A 4/26/23 A 5/7/24 A 5/7/25 A 5/14/26 A - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
48.03x1.99x33.33x0.64% 3.68B
24.98x2.96x16.12x2.06% 233B
13.53x1.65x7.43x3.78% 195B
26.94x3.52x16.1x1.8% 163B
35.76x5.3x22.28x1.1% 156B
39.9x5.32x23.83x1.24% 131B
30.18x4.35x21.31x0.89% 101B
90.17x11.16x63.8x0.35% 93.37B
30.85x3.84x20.65x1.1% 89.43B
33.22x5.34x18.59x1.36% 90.45B
Average 37.36x 4.54x 24.34x 1.43% 125.51B
Weighted average by Cap. 32.70x 4.32x 20.85x 1.75%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Voltas Limited

Historical PBR trend

Valuation ratios - PBR - Voltas Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Voltas Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Voltas Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Voltas Limited
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