Voltas share price today

Voltas Ltd's share price was ₹1,064.80 at the close on 4 November 2026. It has been falling for 25 weeks. That is 14.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹950 and ₹1,561, and at that close it sat 19% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Voltas Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 15 weeks running.

Over the last 11 years the share price moved +372% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Profit grew again in the June 2026 quarter

   Profit was ₹213 crore, +51.1% on a year earlier (₹141 crore), after 4 quarters of decline.

   Why: The cooling business sold more air conditioners and gained market share, which lifted profit.

   Next results: check whether the cooling business keeps its higher margin in the leaner September quarter.

   From the earnings call on 14 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Voltas reported revenue of ₹4,674 crore, up 18.7% from ₹3,939 crore a year earlier, and a profit of ₹213 crore, up 51.1% from ₹141 crore.

Voltas results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Voltas' management discussed these results on a call held on 14 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Voltas closed at ₹1,064.80 on 4 November 2026, down 19.4% from ₹1,321.50 a year earlier (7 November 2025) and down 12.7% over five years. Its highest weekly close since February 2016 was ₹1,928.40 on 20 September 2024.

Voltas share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: Voltas closed at ₹1,064.80, up 3.6% on the week and up 1.1% on the month. 14 Aug 2026: Voltas held its results call for April to June 2026. Management guided: UCP margins to improve quarter-on-quarter and year-on-year over the next 8 quarters; further price increases generally not expected unless costs worsen, with channel schemes the alternative.

Earlier

• Results for April to June 2026: Revenue up 18.7% and profit up 51.1% on a year earlier.
• 12 Jun 2026: ex-date for a dividend of ₹4 a share.

Voltas paid ₹4 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.38% at the ₹1,064.80 close on 4 November 2026. The last was a dividend of ₹4 a share, ex-date 12 June 2026.

Voltas dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Voltas Ltd paid out 35% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 14 August 2026, Voltas' management guided: UCP margins to improve quarter-on-quarter and year-on-year over the next 8 quarters; further price increases generally not expected unless costs worsen, with channel schemes the alternative.

“If we were to assume that we would reach break-even this year, I think it may get pushed out by a few quarters. That is the way we see it.”Mukundan Menon, on the call for April to June 2026

What management guided

• Voltas Beko market gains and progressive financial improvement, alongside Segment C growth through higher-margin aftermarket and service revenues, remain strategic priorities.
• Voltas Beko break-even may move out by a few quarters from the current-year aspiration.
• Atomberg JV initial compressor capacity planned at around 2.8 million RAC units.
• Commercial compressor production expected 18 months from now after plant establishment, pilot production and field testing.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 14 August 2026.

When Voltas reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: UCP margin progression and pricing retention through lean Q2 - check whether cost-down and pass-through offset seasonal pressure.

Voltas is on one of our India lists: Small & mid cap stocks.

Voltas Ltd earned ₹213 Cr of net profit in the Jun 2026 quarter, +51.1% on the same quarter a year earlier. Full-year FY26 profit was ₹370 Cr. Over 10 years profit has grown −0.6% a year on average. That is 4.6% of the quarter's revenue. The same quarter a year earlier earned ₹141 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹370 Cr (−55.6% on the year before).

Why profit moved: revenue changed +18.7% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −28.2% and revenue +2.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Voltas Ltd reported ₹4,674 Cr of revenue in the Jun 2026 quarter, +18.7% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 9.6% a year on average. The last full year, FY26, came in at ₹14,244 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹14,980 Cr.

FY26 revenue was ₹14,244 Cr, −7.6% on the year before.

Recent pace: the last four quarters grew +2.4% on average, against 9.6% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +3.8%, against +3.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −31.0%, against −1.3% a year (rolling over).

Voltas Ltd's operating margin was 4.9% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 2.7% and 10.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.0 percentage points on the year while gross margin changed +0.1 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 42% of Voltas Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹71.0 Cr of operating cash against ₹370 Cr of profit. After ₹131 Cr of spending on assets, free cash was −₹60.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 42% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 3.5× depreciation over three years. The next section checks what that spending is building.

Voltas Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 19 days in FY26, up from 9 days in FY21. It spent ₹673 Cr on assets over the last 3 years. Customers take 78 days to pay, and stock sits for 113 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹14,244 Cr, each day of that cycle ties up about ₹39.0 Cr, so roughly ₹741 Cr is tied up in the business at any time.

FY26: customers took 78 days to pay and stock sat for 113 days, about 3.7 months of sales sitting as stock, for a full cycle of 19 days, longer than FY21's 9.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 113 days. Customers pay about 78 days after that. Suppliers are paid at 172 days. Together that makes the 19-day cycle.

Spending on assets: ₹673 Cr over the last 3 years, against ₹194 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹22.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Voltas Ltd's P/E is 75.4×, near the high end of its own history: higher than 71% of past readings. Its usual P/E (the middle reading) is 61.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹13.58.