Voltas share price
NSE: VOLTASBSE: 500575Consumer DurablesMid Cap
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
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹31,308 Cr204th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 69.70
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.91
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.42%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 7.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 8.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.15
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 10,18,61453.4% 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
Item year 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. Annual report, 6 Jun 2026, page 147
- 2. Annual report, 6 Jun 2026, page 112
- 3. Annual report, 6 Jun 2026, page 71
- 4. Annual report, 6 Jun 2026, page 22
- 5. Annual report, 6 Jun 2026, page 86
- 6. Annual report, 6 Jun 2026, page 85
- 7. Annual report, 6 Jun 2026, page 103
- 8. Annual report, 6 Jun 2026, page 197
- 9. Annual report, 6 Jun 2026, page 84
- 10. Annual report, 6 Jun 2026, page 17
- 11. Annual report, 6 Jun 2026, page 182
- 12. Annual report, 6 Jun 2026, page 98
- 13. Investor presentation, 14 Aug 2026, page 2
- 14. Annual report, 6 Jun 2026, page 71
- 15. Annual report, 6 Jun 2026, page 78
- 16. Annual report, 6 Jun 2026, page 85
- 17. Earnings call, 14 Aug 2026, page 3
- 18. Annual report, 6 Jun 2026, page 21
- 19. Investor presentation, 14 Aug 2026, page 4
- 20. Annual report, 6 Jun 2026, page 78
- 21. Investor presentation, 14 Aug 2026, page 3
- 22. Earnings call, 14 Aug 2026, page 3
- 23. Investor presentation, 14 Aug 2026, page 5
- 24. Annual report, 6 Jun 2026, page 7
- 25. Annual report, 6 Jun 2026, page 107
- 26. Annual report, 6 Jun 2026, page 107
- 27. Annual report, 6 Jun 2026, page 7
- 28. Annual report, 6 Jun 2026, page 47
- 29. Annual report, 6 Jun 2026, page 48
- 30. Earnings call, 14 Aug 2026, page 10
- 31. Earnings call, 14 Aug 2026, page 8
- 32. Earnings call, 14 Aug 2026, page 16
- 33. Exchange filing, 14 Aug 2026, page 1
- 34. Exchange filing, 14 Aug 2026, page 2
- 35. Exchange filing, 1 Apr 2026, page 1
- 36. Exchange filing, 12 Oct 2026, page 1
- 37. Exchange filing, 1 Sep 2026, page 1
- 38. Investor presentation, 14 Aug 2026, page 5
- 39. Exchange filing, 30 Mar 2026, page 1
Results
Consolidated; ₹ crore.Voltas quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +3.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −30.6%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹4,674 Crdown 4.39%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹213 Crup 87.57%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 4.6%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,619 | 3,105 | 4,768 | 3,939 | 2,347 | 3,071 | 4,888 | 4,674 |
| Net profit | 133 | 131 | 236 | 141 | 32 | 84 | 113 | 213 |
| Net margin | 5.1% | 4.2% | 4.9% | 3.6% | 1.3% | 2.8% | 2.3% | 4.6% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹14,245 Crdown 7.58%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹370 Crdown 55.65%
- Net margin
- 2.6%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2021, the company's revenue for that year, ₹7,457 Cr, differs from its quarters added, ₹7,532 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,095 | 6,428what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹23 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,124 | 7,658 | 7,457 | 7,934 | 9,499 | 12,481 | 15,413 | 14,245 |
| Net profit | 511 | 578 | 514 | 521 | 529 | 506 | 136 | 248 | 834 | 370 |
| Net margin | 8.4% | 9.0% | 7.2% | 6.8% | 7.1% | 6.4% | 1.4% | 2.0% | 5.4% | 2.6% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Unitary Cooling ProductsUnitary Cooling Products, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹9,501 Crdown 10.49%67.1%
- Electro - Mechanical Projects and ServicesElectro - Mechanical Projects and Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4,053 Crdown 2.51%28.6%
- Engineering Products and ServicesEngineering Products and Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹599 Crup 5.31%4.2%
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
At or below today's level on 65% of 2,478 trading days over the last 10 years.
At or below today's level on 20% of 1,975 trading days since Nov 2018.
At or below today's level on 27% of 2,450 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 56
- CutCut. Funds that held fewer shares than at the end of the month before.
- 52
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 56
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
| 69,09,978 | 1.47% | ₹739.4 Cr | |
| 51,90,211 | 0.83% | ₹555.4 Cr | |
| 48,15,889 | 0.96% | ₹515.3 Cr | |
| 36,39,527 | 2.00% | ₹389.4 Cr | |
| 35,02,512 | 1.92% | ₹374.8 Cr | |
| 24,93,009 | 0.33% | ₹266.8 Cr | |
| 18,75,000 | 0.50% | ₹200.6 Cr | |
| 13,25,641 | 0.42% | ₹141.8 Cr | |
| 12,04,660 | 1.52% | ₹128.9 Cr | |
| 11,64,703 | 0.44% | ₹124.6 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,13,884 | 62.41 | 14.86 | – | – | 23.8% | 28.4% | 0.00% | |
| 31,377 | 61.62 | 9.14 | +5.9% | −6.3% | 15.7% | 17.5% | 0.56% | |
| 21,266 | 221.41 | 4.86 | +14.6% | −65.1% | 2.9% | 7.5% | 0.00% | |
| 12,637 | – | 4.17 | +12.1% | −137.2% | −5.5% | 20.4% | 1.53% | |
| 11,462 | 31.43 | 4.83 | +13.4% | +26.4% | 16.3% | 20.4% | 0.57% | |
| 10,747 | 42.83 | 2.58 | +6.0% | −30.5% | 6.2% | 4.8% | 0.59% | |
| 7,403 | 38.45 | 3.74 | +16.2% | +100.1% | 10.0% | 11.5% | 1.39% | |
| 6,116 | 33.80 | 1.33 | +12.5% | +5.8% | 4.0% | 5.4% | 0.00% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 12 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹4.00 |
| 20 Jun 2025 | Final | ₹7.00 |
| 25 Jun 2024 | Final | ₹5.50 |
| 9 Jun 2023 | Final | ₹4.25 |
| 9 Jun 2022 | Final | ₹5.50 |
| 11 Aug 2021 | Final | ₹5.00 |
Latest announcements
Routine notices left out.Voltas announcements
Oct 2026
Sep 2026
17 Sep · Analysts
Aug 2026
Voltas share price by year
Each calendar year to 2025.Voltas share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,361.20 | −24.0% | 1,835.80 | 1,207.80 |
| 2024 | 1,789.95 | +83.0% | 1,929.20 | 977.95 |
| 2023 | 978.35 | +22.3% | 985.20 | 744.95 |
| 2022 | 799.85 | −34.4% | 1,322.00 | 777.75 |
| 2021 | 1,219.15 | +47.7% | 1,337.70 | 831.45 |
| 2020 | 825.65 | +25.2% | 838.45 | 436.30 |
| 2019 | 659.30 | +19.1% | 719.75 | 507.50 |
| 2018 | 553.50 | −15.6% | 654.60 | 479.15 |
| 2017 | 655.90 | +99.8% | 668.55 | 324.20 |
| 2016 | 328.25 | +1.2% | 401.90 | 223.40 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 950.00 | 950.10 | 931.50 | 947.60 | 940.72 | 4,66,464 | 35.9% |
| 23 Oct 2026 | 990.20 | 993.90 | 939.20 | 950.00 | 953.89 | 5,68,768 | 38.3% |
| 22 Oct 2026 | 991.00 | 1,001.00 | 971.70 | 989.10 | 988.14 | 5,41,439 | 46.5% |
| 21 Oct 2026 | 1,024.70 | 1,026.20 | 985.40 | 998.40 | 1,001.29 | 5,09,762 | 42.1% |
| 19 Oct 2026 | 1,029.10 | 1,033.50 | 1,013.20 | 1,019.60 | 1,021.41 | 3,76,832 | 33.7% |
| 16 Oct 2026 | 1,042.50 | 1,052.10 | 1,023.70 | 1,029.10 | 1,032.08 | 5,43,787 | 46.5% |
| 15 Oct 2026 | 1,038.00 | 1,060.50 | 1,034.20 | 1,052.00 | 1,051.56 | 10,08,546 | 54.4% |
| 14 Oct 2026 | 1,036.70 | 1,051.30 | 1,021.10 | 1,039.80 | 1,039.30 | 6,71,832 | 44.8% |
| 13 Oct 2026 | 1,020.00 | 1,041.00 | 1,012.50 | 1,041.00 | 1,031.31 | 4,69,562 | 35.7% |
Company details
- NSE symbol
- VOLTAS
- BSE code
- 500575
- ISIN
- INE226A01021
- Industry
- Consumer Durables
- Website
- www.voltas.com
- 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