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Voltas share price

NSE: VOLTASBSE: 500575Consumer DurablesMid Cap

Voltas Limited · Face value ₹1 · Listed Sep 1957 on BSE, Apr 1995 on NSE
Last close ₹946.20down ₹1.40 (0.15%)BSE ₹948.20

Share price at the NSE close on 27 Oct 2026. Previous close ₹947.60.

27 Oct: open ₹939.10, high ₹950.60, low ₹933.50

52-week range of traded prices to 27 Oct 2026
₹931.50Low, 26 Oct 2026₹1,582.50High, 27 Feb 2026
Market cap
₹31,308 Cr204th largest listed
P/E
69.70
P/B
4.91
Dividend yield
0.42%
ROE
7.0%
ROCE
8.8%
Debt to equity
0.15
Volume, NSE
10,18,61453.4% delivered

Voltas share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−34.1%over a year · Nifty Consumer Durables −12.1% · Nifty 500 −8.8%

Results20-session average 7,26,247 shares a day, 42.2% delivered

About Voltas

Voltas Limited, part of the Tata Group, makes air conditioning, refrigeration and air cooling products and carries out electro-mechanical, rural electrification, solar and water projects in India and the Middle East.1 It also sells and services mining and construction equipment and textile machinery.1 Its customers are households, commercial and industrial establishments and government institutions.2

It reports 3 segments: unitary cooling products, electro-mechanical projects and services, and engineering products and services.3 Unitary cooling products covers room air conditioners, including the AI-enabled Vertis split range, commercial air conditioning, commercial refrigeration, air coolers and water heaters.3 Voltbek Home Appliances, a joint venture with the European appliance maker Arçelik in which Voltas holds 49%, sells refrigerators, washing machines, microwave ovens and dishwashers; its refrigerator carries the Voltas Beko name.456 Its wholly owned subsidiary Universal MEP Projects & Engineering Services Limited (UMPESL) runs the domestic projects, textile machinery and mining and construction equipment businesses.789 The international projects business works in the Middle East, and the company has executed projects in more than 25 countries.110

It was established in 1954.1 Tata Sons Private Limited has significant influence over Voltas.11 Noel Tata, chairman of the Tata Trusts, is its non-executive chairman, and Mukundan Menon C P has been managing director since 1 Sep 2025.1211

Voltas key points

Results

  • In the quarter to Jun 2026, consolidated total income (revenue plus other income) was ₹4,765 crore against ₹4,021 crore a year earlier; profit before tax was ₹285 crore against ₹203 crore, and net profit ₹213 crore against ₹141 crore.13
  • In the year to Mar 2026, consolidated total income was ₹14,483 crore against ₹15,737 crore a year earlier; profit before tax was ₹557 crore against ₹1,191 crore, and net profit after tax ₹370 crore against ₹834 crore.1415
  • The board recommended a dividend of ₹4 a share (400% of the ₹1 face value) for the year to Mar 2026.16

Market position

  • Voltas's secondary market share in room air conditioners (its share of sales from retailers to buyers) was 17.3% in the quarter to Jun 2026, 4 percentage points ahead of its nearest competitor, against 15.9% for the year to Mar 2026.1718
  • Voltbek's market share in the quarter to Jun 2026 was 9.4% in washing machines and 7.4% in refrigerators; it ranks second in semi-automatic washing machines, with a 15.6% share.19

Business segments

  • Gross sales and income from operations by segment (consolidated)20
    Itemyear to Mar 2026
    Unitary cooling products₹9,501 crore
    Electro-mechanical projects and services₹4,053 crore
    Engineering products and services₹599 crore
  • In the quarter to Jun 2026, the company said its unitary cooling products segment delivered growth of 33%, led by room air conditioners; Voltas sold 1 million room air conditioners in 81 days.2122
  • The electro-mechanical projects and services segment's order book (orders received but not yet delivered) was over ₹6,345 crore at 30 June 2026, against over ₹6,200 crore at 31 March 2026.2324
  • In the quarter to Jun 2026, the domestic projects business won orders in industrial infrastructure, electronics manufacturing, metro and tunnel projects and data centres; new international orders were delayed by the Middle East conflict.23

Plants and capacity

  • Voltas makes room air conditioners and commercial refrigeration products at Pantnagar, Uttarakhand, room air conditioners at its Chennai plant in Thiruvallur district, Tamil Nadu, and commercial refrigeration and commercial air conditioning products at Waghodia, Gujarat.2526
  • The Chennai room air conditioner plant, on 150 acres, raised its capacity to about 1.5 million units in the year to Mar 2026 and makes sheet metal parts, plastic mouldings and heat exchangers in-house.2728
  • Installed capacity at Waghodia is 1.2 million units of commercial refrigeration and 5 lakh tonnes of commercial air conditioning, and Voltbek's Sanand plant can make 1.6 million appliances.29

What the company expects

  • On its earnings call of 14 Aug 2026, the company said that, if work starts immediately, it expects full commercial production of room air conditioner compressors at the planned joint venture with Atomberg about 18 months later.30
  • On its earnings call of 14 Aug 2026, the company said Voltbek's EBITDA (earnings before interest, tax, depreciation and amortisation) breakeven, aimed for the current financial year, may slip by a few quarters after commodity prices rose.31
  • On its earnings call of 14 Aug 2026, the company said it plans no major capital spending beyond maintenance in the current and next financial years, and that the compressor joint venture's spending should ideally be shared 50:50 with Atomberg.32

Recent events

  • On 14 Aug 2026 the board approved a binding term sheet with Atomberg Innovation for an equally owned joint venture to develop and make room air conditioner compressors in India, with Voltas naming 3 of its 5 directors; due diligence and final agreements are pending.3334
  • On 1 Apr 2026 the company disclosed that ICRA had reaffirmed or assigned AA+ (Stable) and A1+ credit ratings (a rating agency's view of its ability to repay debt) on its bank facilities, including enhanced limits.35

Litigation and regulatory matters

  • On 9 Oct 2026 the Maharashtra state tax office dropped a GST show cause notice seeking ₹15.43 crore of tax plus ₹14.79 crore of interest and penalty for the year to Mar 2023, accepting the company's submissions.36
  • On 30 Aug 2026 Qatar's Court of Cassation dismissed an appeal by OHL International and Contrack (Cyprus) against a May 2026 Court of Appeal order that they pay the Kentz Voltas Consortium amounts owed under a subcontract, with compensation, and return Voltas's bank guarantees.37
  • In its presentation of 14 Aug 2026, the company said Qatar bank guarantees of QAR 167 million (Qatari riyals), about ₹433 crore, were cancelled in the quarter to Jun 2026; on 1 Sep 2026 it said it was pursuing recovery of the amounts awarded.3837
  • A customs order disclosed on 30 Mar 2026 demands ₹10.76 crore of duty plus interest and a ₹12.76 crore penalty over the classification of imports; the company said it had no material impact and that it may appeal to the customs tribunal (CESTAT).39

Last updated

All 39 sources, each with its page
  1. 1. Annual report, 6 Jun 2026, page 147
  2. 2. Annual report, 6 Jun 2026, page 112
  3. 3. Annual report, 6 Jun 2026, page 71
  4. 4. Annual report, 6 Jun 2026, page 22
  5. 5. Annual report, 6 Jun 2026, page 86
  6. 6. Annual report, 6 Jun 2026, page 85
  7. 7. Annual report, 6 Jun 2026, page 103
  8. 8. Annual report, 6 Jun 2026, page 197
  9. 9. Annual report, 6 Jun 2026, page 84
  10. 10. Annual report, 6 Jun 2026, page 17
  11. 11. Annual report, 6 Jun 2026, page 182
  12. 12. Annual report, 6 Jun 2026, page 98
  13. 13. Investor presentation, 14 Aug 2026, page 2
  14. 14. Annual report, 6 Jun 2026, page 71
  15. 15. Annual report, 6 Jun 2026, page 78
  16. 16. Annual report, 6 Jun 2026, page 85
  17. 17. Earnings call, 14 Aug 2026, page 3
  18. 18. Annual report, 6 Jun 2026, page 21
  19. 19. Investor presentation, 14 Aug 2026, page 4
  20. 20. Annual report, 6 Jun 2026, page 78
  21. 21. Investor presentation, 14 Aug 2026, page 3
  22. 22. Earnings call, 14 Aug 2026, page 3
  23. 23. Investor presentation, 14 Aug 2026, page 5
  24. 24. Annual report, 6 Jun 2026, page 7
  25. 25. Annual report, 6 Jun 2026, page 107
  26. 26. Annual report, 6 Jun 2026, page 107
  27. 27. Annual report, 6 Jun 2026, page 7
  28. 28. Annual report, 6 Jun 2026, page 47
  29. 29. Annual report, 6 Jun 2026, page 48
  30. 30. Earnings call, 14 Aug 2026, page 10
  31. 31. Earnings call, 14 Aug 2026, page 8
  32. 32. Earnings call, 14 Aug 2026, page 16
  33. 33. Exchange filing, 14 Aug 2026, page 1
  34. 34. Exchange filing, 14 Aug 2026, page 2
  35. 35. Exchange filing, 1 Apr 2026, page 1
  36. 36. Exchange filing, 12 Oct 2026, page 1
  37. 37. Exchange filing, 1 Sep 2026, page 1
  38. 38. Investor presentation, 14 Aug 2026, page 5
  39. 39. Exchange filing, 30 Mar 2026, page 1

Results

Consolidated; ₹ crore.Voltas quarterly results

Revenue growth, 12 months
+3.8%
Net profit growth, 12 months
−30.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹4,674 Crdown 4.39%
Net profit
₹213 Crup 87.57%
Net margin
4.6%

Revenue by quarter

₹2,619 CrSep 24₹3,105 CrDec 24₹4,768 CrMar 25₹3,939 CrJun 25₹2,347 CrSep 25₹3,071 CrDec 25₹4,888 CrMar 26₹4,674 CrJun 26
Peak revenue ₹4,888 Cr, quarter to Mar 2026; lowest ₹2,347 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

₹133 CrSep 24₹131 CrDec 24₹236 CrMar 25₹141 CrJun 25₹32 CrSep 25₹84 CrDec 25₹113 CrMar 26₹213 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,6193,1054,7683,9392,3473,0714,8884,674
Net profit1331312361413284113213
Net margin5.1%4.2%4.9%3.6%1.3%2.8%2.3%4.6%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Unitary Cooling Products₹9,501 Crdown 10.49%67.1%
  • Electro - Mechanical Projects and Services₹4,053 Crdown 2.51%28.6%
  • Engineering Products and Services₹599 Crup 5.31%4.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.Voltas PE ratio and valuation

Price to earnings

At or below today's level on 65% of 2,478 trading days over the last 10 years.

LowestHighest
Its median62.46Industry median31.74
Price to book

At or below today's level on 20% of 1,975 trading days since Nov 2018.

LowestHighest
Its median6.12Industry median3.91
Dividend yield

At or below today's level on 27% of 2,450 trading days over the last 10 years.

LowestHighest
Its median0.55%Industry median0.58%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−12.4%−55.3%+95.3%0.3%
3 years+16.3%+40.7%−17.6%0.4%
5 years+5.4%−6.5%+12.2%0.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Voltas shareholding pattern

Shareholding by group

  • Promoters30.30%
  • Foreign institutions16.94%
  • Indian institutions38.52%
  • Individuals and others14.24%
Holder
Tata Sons Private LimitedPromoter26.64%
Life Insurance Corporation of India - P & Gs FundInsurance companies7.39%
NPS Trust- A/C SBI Pension Fund Scheme - State GovtProvident and pension funds6.09%
Tata Investment Corporation LtdPromoter3.01%
SBI Life Insurance Co. LtdInsurance companies2.23%
HDFC Life Insurance Company LimitedInsurance companies2.02%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions unchanged, Indian institutions −0.53 pts, mutual funds −0.10 pts.

Mutual fund holdings

172 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 97 of the 108 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 172 funds holding Voltas

Bought for the first time
4
Bought again
2
Added
56
Cut
52
Held unchanged
56
Sold out
4
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Voltas insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 2 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Voltas competitors and peers

Household Appliances, 26 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Voltas in market cap.Consumer durables companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
LG Electronics India logoLG Electronics IndiaLGEINDIA1,13,88462.4114.86––23.8%28.4%0.00%
Blue Star logoBlue StarBLUESTARCO31,37761.629.14+5.9%−6.3%15.7%17.5%0.56%
Amber Enterprises India logoAmber Enterprises IndiaAMBER21,266221.414.86+14.6%−65.1%2.9%7.5%0.00%
Crompton Greaves Consumer Electricals logoCrompton Greaves Consumer ElectricalsCROMPTON12,637–4.17+12.1%−137.2%−5.5%20.4%1.53%
V-Guard Industries logoV-Guard IndustriesVGUARD11,46231.434.83+13.4%+26.4%16.3%20.4%0.57%
Whirlpool of India logoWhirlpool of IndiaWHIRLPOOL10,74742.832.58+6.0%−30.5%6.2%4.8%0.59%
TTK Prestige logoTTK PrestigeTTKPRESTIG7,40338.453.74+16.2%+100.1%10.0%11.5%1.39%
Eureka Forbes logoEureka ForbesEUREKAFORB6,11633.801.33+12.5%+5.8%4.0%5.4%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Voltas dividend history

Dividend per share, ₹, restated for later splits and bonuses

3.5Mar 174Mar 184Mar 194Mar 205Mar 215.5Mar 224.3Mar 235.5Mar 247Mar 254Mar 26
Highest ₹7.00 a share, year to Mar 2025.
Ex-dateTypePer share
12 Jun 2026Final₹4.00
20 Jun 2025Final₹7.00
25 Jun 2024Final₹5.50
9 Jun 2023Final₹4.25
9 Jun 2022Final₹5.50
11 Aug 2021Final₹5.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Voltas announcements

Voltas share price by year

Each calendar year to 2025.Voltas share price history

YearClose at year endChangeHighest closeLowest close
20251,361.20−24.0%1,835.801,207.80
20241,789.95+83.0%1,929.20977.95
2023978.35+22.3%985.20744.95
2022799.85−34.4%1,322.00777.75
20211,219.15+47.7%1,337.70831.45
2020825.65+25.2%838.45436.30
2019659.30+19.1%719.75507.50
2018553.50−15.6%654.60479.15
2017655.90+99.8%668.55324.20
2016328.25+1.2%401.90223.40
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026950.00950.10931.50947.60940.724,66,46435.9%
23 Oct 2026990.20993.90939.20950.00953.895,68,76838.3%
22 Oct 2026991.001,001.00971.70989.10988.145,41,43946.5%
21 Oct 20261,024.701,026.20985.40998.401,001.295,09,76242.1%
19 Oct 20261,029.101,033.501,013.201,019.601,021.413,76,83233.7%
16 Oct 20261,042.501,052.101,023.701,029.101,032.085,43,78746.5%
15 Oct 20261,038.001,060.501,034.201,052.001,051.5610,08,54654.4%
14 Oct 20261,036.701,051.301,021.101,039.801,039.306,71,83244.8%
13 Oct 20261,020.001,041.001,012.501,041.001,031.314,69,56235.7%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Noel Naval Tata
At the end of the quarter to Sep 2026
Managing director
Mukundan Menon C P
At the end of the quarter to Sep 2026
NSE symbol
VOLTAS
BSE code
500575
ISIN
INE226A01021
Industry
Consumer Durables
CIN
L29308MH1954PLC009371
Corporate identity number, the registrar of companies' code for it
Incorporated
1954
Registered office
Voltas House 'A', Dr. Babasaheb Ambedkar Road, Chinchpokli, Mumbai 400033, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments