Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 439,713 - -
Change - -34.3% 34.87% 32.18% -12.74% 4.41% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 426,712 424,316 425,632
Change - -34.19% 34.81% 33.2% -12.69% 0.88% -0.56% 0.31%
P/E 81.8x 201x 145x 57.4x 112x 55.4x 39.4x 32.4x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 6.34x 5.68x 5.21x
PEG - -2.7x 1.7x 0x -2x 0x 1x 1.5x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.58x 2.22x 1.97x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.5x 2.14x 1.91x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 39.7x 29.5x 25.8x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 43x 31.3x 27.3x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 80x 64x 47.7x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.25% 1.56% 2.09%
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% 0.51% 0.67% 0.82%
EPS 2 15.23 4.08 7.62 25.43 11.35 23.97 33.75 41.03
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 28.5% 26.5% 26.5%
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 10,757 14,392 16,510
EBIT 1 6,443 5,328 4,270 10,544 5,628 9,935 13,549 15,582
Net income 1 5,041 1,350 2,520 8,414 3,759 7,891 11,118 13,424
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 1,328.90 1,328.90 1,328.90
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.($)
55.43x2.5x39.67x0.51% 4.61B
30.16x4.32x21.17x0.89% 100B
30.65x3.82x20.56x1.09% 88.84B
30.65x2.63x12.82x1.55% 50.95B
23.19x1.27x9.19x1.55% 40.69B
17.53x2.75x12.5x1.23% 14.37B
25.41x1.48x14.49x3.92% 11.99B
16.6x2.21x10.81x2.4% 8.17B
24.39x2.13x12.67x1.26% 8.06B
38.93x3.73x21.62x - 7.3B
Average 29.29x 2.68x 17.55x 1.6% 33.51B
Weighted average by Cap. 28.87x 3.25x 17.48x 1.29%

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