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VOLTAS - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.6

Stock Code VOLTAS Market Cap 42,825 Cr. Current Price 1,295 ₹ High / Low 1,531 ₹
Stock P/E 87.2 Book Value 243 ₹ Dividend Yield 0.54 % ROCE 12.7 %
ROE 9.79 % Face Value 1.00 ₹ DMA 50 1,377 ₹ DMA 200 1,382 ₹
Chg in FII Hold -1.85 % Chg in DII Hold 2.12 % PAT Qtr 59.7 Cr. PAT Prev Qtr 7.33 Cr.
RSI 37.2 MACD -22.0 Volume 2,65,175 Avg Vol 1Wk 8,34,357
Low price 1,172 ₹ High price 1,531 ₹ PEG Ratio 9.29 Debt to equity 0.17
52w Index 34.2 % Qtr Profit Var -44.9 % EPS 14.5 ₹ Industry PE 48.5

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT rose sharply from 7.33 Cr. to 59.7 Cr., but YoY profit variation is negative (-44.9%), showing volatility.
  • Margins & Returns: ROCE at 12.7% and ROE at 9.79% indicate moderate efficiency compared to peers.
  • Debt Ratios: Debt-to-equity at 0.17 reflects manageable leverage.
  • Cash Flows: Dividend yield of 0.54% provides modest shareholder returns, supported by stable cash generation.

💹 Valuation Indicators

  • P/E Ratio: 87.2 vs industry average of 48.5 → trades at a steep premium.
  • P/B Ratio: Current Price / Book Value ≈ 5.3 → above intrinsic value.
  • PEG Ratio: 9.29 → signals significant overvaluation relative to growth.
  • Intrinsic Value: Current price (1,295 ₹) appears expensive compared to fundamentals.

🏢 Business Model & Competitive Advantage

  • Leading player in air conditioning and cooling solutions with strong brand recognition.
  • Diversified product portfolio across consumer and industrial cooling segments.
  • Moderate debt levels provide flexibility, though efficiency ratios remain modest.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 1,200 ₹ – 1,250 ₹, near support levels.
  • Long-Term Holding: Suitable for investors seeking exposure to consumer durables, but staggered buying recommended due to premium valuation and earnings volatility.

✅ Positive

  • Strong brand presence in cooling and consumer durables.
  • Quarterly PAT rebound from 7.33 Cr. to 59.7 Cr.
  • DII holdings increased (+2.12%), reflecting domestic institutional confidence.

⚠️ Limitation

  • High P/E ratio (87.2) compared to industry average.
  • PEG ratio of 9.29 signals overvaluation relative to growth.
  • ROCE and ROE are modest compared to peers.

📉 Company Negative News

  • Stock trading below both 50 DMA (1,377 ₹) and 200 DMA (1,382 ₹), indicating weak momentum.
  • RSI at 37.2 and negative MACD (-22.0) suggest bearish technical outlook.
  • FII holdings decreased (-1.85%), showing reduced foreign investor confidence.

📈 Company Positive News

  • Quarterly PAT improved significantly compared to previous quarter.
  • DII holdings increased (+2.12%), supporting domestic confidence.

🏭 Industry

  • Industry P/E at 48.5 indicates sector trades at lower multiples.
  • Consumer durables sector benefits from rising demand and urbanization.
  • VOLTAS trades at a premium, reflecting brand strength but limited efficiency.

🔎 Conclusion

VOLTAS shows strong brand positioning and recent profit rebound, but trades at a steep premium with modest efficiency ratios. Entry is advisable near 1,200 ₹ – 1,250 ₹ for long-term investors, with staggered accumulation to mitigate valuation risks. Overall, the company remains strategically positioned in consumer durables, though valuation and technical signals warrant caution.

I can also highlight support and resistance levels with RSI/MACD signals to refine entry timing for VOLTAS if you’d like.

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