Company Valuation: Voltas Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 412,084 270,746 365,148 482,662 421,150 411,290 - -
Change - -34.3% 34.87% 32.18% -12.74% -2.34% - -
Enterprise Value (EV) 1 409,975 269,822 363,758 484,512 423,005 396,274 394,755 386,932
Change - -34.19% 34.81% 33.2% -12.69% -6.32% -0.38% -1.98%
P/E 81.8x 201x 145x 57.4x 112x 54.2x 38.2x 30.5x
PBR 7.49x 4.97x 6.27x 7.41x 6.6x 5.96x 5.36x 4.85x
PEG - -2.7x 1.7x 0x -2x 1x 0.9x 1.2x
Capitalization / Revenue 5.19x 2.85x 2.93x 3.13x 2.96x 2.45x 2.1x 1.84x
EV / Revenue 5.17x 2.84x 2.91x 3.14x 2.97x 2.36x 2.01x 1.73x
EV / EBITDA 60.2x 47.1x 76.6x 43.4x 65.4x 38.3x 28.2x 23.5x
EV / EBIT 63.6x 50.6x 85.2x 46x 75.2x 42x 30.3x 24.9x
EV / FCF 76.5x -1,494x 76.9x -112x -685x 72.7x 58.9x 51.6x
FCF Yield 1.31% -0.07% 1.3% -0.89% -0.15% 1.37% 1.7% 1.94%
Dividend per Share 2 5.5 4.25 5.5 7 4 6.824 8.855 10.85
Rate of return 0.44% 0.52% 0.5% 0.48% 0.31% 0.55% 0.71% 0.87%
EPS 2 15.23 4.08 7.62 25.43 11.35 22.94 32.52 40.8
Distribution rate 36.1% 104% 72.2% 27.5% 35.2% 29.8% 27.2% 26.6%
Net sales 1 79,344 94,988 124,812 154,128 142,445 167,580 196,081 223,943
EBITDA 1 6,816 5,724 4,746 11,162 6,469 10,334 13,983 16,480
EBIT 1 6,443 5,328 4,270 10,544 5,628 9,424 13,017 15,512
Net income 1 5,041 1,350 2,520 8,414 3,759 7,673 10,772 13,489
Net Debt 1 -2,108 -924.1 -1,390 1,851 1,855 -15,016 -16,535 -24,357
Reference price 2 1,245.40 818.25 1,103.55 1,458.70 1,272.80 1,243.00 1,243.00 1,243.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
54.14x2.36x38.31x0.55% 4.29B
29.96x4.31x21.08x0.9% 99.66B
29.97x3.74x20.04x1.13% 86.61B
29.53x2.58x12.53x1.61% 49.43B
20.93x1.12x8.11x1.72% 36.49B
16.84x2.64x12.02x1.29% 13.79B
25.5x1.49x14.51x4.03% 11.98B
26.2x2.29x13.36x1.15% 8.93B
17.3x2.29x11.14x2.3% 8.52B
24.95x1.9x14.6x1.27% 7B
Average 27.53x 2.47x 16.57x 1.59% 32.67B
Weighted average by Cap. 27.95x 3.18x 17.06x 1.34%

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