Consumer Durables · NSE/BSE: VOLTAS
Voltas Limited
Household Appliances
Market Cap ₹0.45L Cr
Verdict: Average
Quality Scores
Multi-Bagger
42/100
Compounder Quality
58/100
Management Credibility
70/100
Governance
92/100
Cash Flow Quality
48/100
AI Summary
Voltas Limited, a Tata Group flagship, remains the dominant leader in India's Room Air Conditioner (RAC) market. While revenue has grown significantly from ₹5,183 Cr in FY15 to over ₹14,000 Cr, profitability has failed to scale in tandem, with Net Profits largely stagnating between FY17 and FY26. The company operates a dual-engine model: a high-growth but low-margin Engineering Projects segment and a consumer-facing Unitary Cooling Products segment. Intense competition from players like Blue Star and LG, alongside rising raw material costs, has compressed operating margins from 10% in FY18 to…
Top Opportunities
- Market leader in Indian Room AC segment
- Tata Group pedigree and reliability
- Consistent dividend payout history (45% avg)
Top Risks
- Aggressive competition from LG, Blue Star, Blue Star and Samsung
- Significant margin compression over last 5 years
- Low 10-year profit CAGR (2%) vs Sales (10%)
Latest report: Read the annual report summary →
Unlock the full report
Full sections, financial charts, AI chat and PDF export are available with Premium.