Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 425,021 - -
Change - -34.3% 34.87% 32.18% -12.74% 0.92% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 412,677 410,424 406,368
Change - -34.19% 34.81% 33.2% -12.69% -2.44% -0.55% -0.99%
P/E 81.8x 201x 145x 57.4x 112x 53.5x 38.1x 32x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 6.11x 5.48x 4.94x
PEG - -2.7x 1.7x 0x -2x 0x 0.9x 1.7x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.5x 2.15x 1.9x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.42x 2.08x 1.82x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 38.2x 28.6x 24.7x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 41.3x 30.3x 26.2x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 76.9x 62.1x 45.7x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.3% 1.61% 2.19%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.821 8.932 10.69
Rate of return 0.44% 0.52% 0.5% 0.48% 0.31% 0.53% 0.7% 0.83%
EPS 2 15.23 4.08 7.62 25.43 11.35 24.01 33.69 40.17
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 28.4% 26.5% 26.6%
Net sales 1 79,344 94,988 124,812 154,128 142,445 170,301 197,617 223,323
EBITDA 1 6,816 5,724 4,746 11,162 6,469 10,791 14,361 16,449
EBIT 1 6,443 5,328 4,270 10,544 5,628 9,990 13,552 15,505
Net income 1 5,041 1,350 2,520 8,414 3,759 7,906 11,101 13,122
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -12,345 -14,598 -18,653
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,284.50 1,284.50 1,284.50
Nbr of stocks (in thousands) 330,885 330,885 330,885 330,885 330,885 330,885 - -
Announcement Date 05/05/22 26/04/23 07/05/24 07/05/25 14/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
53.29x2.42x38.19x0.53% 4.46B
32.77x4.7x22.91x0.84% 108B
30.29x3.79x20.56x1.12% 87.08B
32.46x3.07x14.68x1.36% 58.22B
25.97x1.42x10.28x1.37% 44.83B
23.11x3.67x16.48x0.94% 19.77B
31.6x - - 3.3% 15.95B
47.41x4.54x26.29x0.37% 8.96B
16.71x2.27x10.98x2.31% 8.61B
64.36x - - 0.37% 7.83B
Average 35.80x 3.24x 20.05x 1.25% 36.34B
Weighted average by Cap. 31.62x 3.60x 18.84x 1.18%

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