Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 32714.57 Crore) operating in Consumer Durables sector.
Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2703.78 Crore, up 48.37 % from last quarter Total Income of Rs 1822.34 Crore and up .77 % from last year same quarter Total Income of Rs 2683.24 Crore. Company reported net profit after tax of Rs 211.56 Crore in latest quarter.
The brokerage expects 16%/29% sales/EPS CAGR over FY22-24E. Long term drivers of RAC under-penetration, FCF generation & VOLT-Bek JV scale–up remains. However, conundrum of recouping market share vs. preserving margins will restrict P/E re-rating in near term.
Promoters held 30.3 per cent stake in the company as of 31-Mar-2022, while FIIs owned 26.19 per cent, DIIs 27.84 per cent.
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