Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 423,532 - -
Change - -34.3% 34.87% 32.18% -12.74% 0.57% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 410,532 408,136 409,452
Change - -34.19% 34.81% 33.2% -12.69% -2.95% -0.58% 0.32%
P/E 81.8x 201x 145x 57.4x 112x 53.3x 37.9x 31.1x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 6.11x 5.47x 5.01x
PEG - -2.7x 1.7x 0x -2x 0x 0.9x 1.4x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.48x 2.14x 1.9x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.4x 2.06x 1.84x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 38.1x 28.3x 24.8x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 41.3x 30.1x 26.3x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 77x 61.6x 45.9x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.3% 1.62% 2.18%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.821 8.936 10.87
Rate of return 0.44% 0.52% 0.5% 0.48% 0.31% 0.53% 0.7% 0.85%
EPS 2 15.23 4.08 7.62 25.43 11.35 24.01 33.8 41.17
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 28.4% 26.4% 26.4%
Net sales 1 79,344 94,988 124,812 154,128 142,445 170,699 198,241 222,800
EBITDA 1 6,816 5,724 4,746 11,162 6,469 10,762 14,397 16,522
EBIT 1 6,443 5,328 4,270 10,544 5,628 9,941 13,555 15,596
Net income 1 5,041 1,350 2,520 8,414 3,759 7,904 11,136 13,478
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -13,000 -15,397 -14,080
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,280.00 1,280.00 1,280.00
Nbr of stocks (in thousands) 330,885 330,885 330,885 330,885 330,885 330,885 - -
Announcement Date 5/5/22 26/4/23 7/5/24 7/5/25 14/5/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
53.39x2.4x38.16x0.53% 4.44B
32.01x4.6x22.5x0.84% 106B
32.44x4.01x21.51x1.04% 93.74B
31.33x2.71x13.16x1.52% 52.44B
22.27x1.2x8.63x1.62% 38.84B
18.16x2.83x12.89x1.19% 14.89B
26.2x1.53x14.93x3.8% 12.36B
17.57x2.32x11.29x2.26% 8.65B
25.06x2.18x12.97x1.22% 8.32B
26.04x1.98x15.17x1.22% 7.29B
Average 28.45x 2.58x 17.12x 1.53% 34.75B
Weighted average by Cap. 29.76x 3.39x 18.13x 1.25%

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