# Voltas share price today (Voltas Ltd, NSE: VOLTAS)

> Voltas share price today: ₹1,046.00 at the NSE close on 3 November 2026, down 24.4% in a year. Voltas (NSE: VOLTAS) is worth ₹34,611 crore, trades at a P/E of 74.1 and has closed between ₹950.00 and ₹1,561.30 over the past 52 weeks. > Voltas Ltd's share price has risen faster than its earnings: −24.4% in a year, against −55.3% for earnings per share. VOLTAS · Consumer Electronics · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/voltas-ltd

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## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: ₹1,046.00 (−24.4% in a year)
- P/E: 74.1× (higher than 69% of the last 11 years)
- Revenue (Jun 2026): ₹4,674 Cr (+18.7% on a year ago)
- Profit (Jun 2026): ₹213 Cr (+51.1% on a year ago)
- Operating margin: 4.9% (+1.0 points on a year ago)
- ROCE: 9%, FY26
- Profit that came in as cash: 42%, last 3 years

The main question: profits are rising, but only 42% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Voltas share price today? Voltas Ltd's share price was ₹1,046.00 at the close on 3 November 2026. It has been falling for 25 weeks. That is 16.3% 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 16% of the way up from that low. 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 +364% 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. ## What changed at Voltas this quarter? 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. ## What are Voltas' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹4,674 crore | ₹3,939 crore | +18.7% |
| Profit | ₹213 crore | ₹141 crore | +51.1% |
| Earnings per share | ₹6.46 | ₹4.24 | +52.4% |
| Operating margin | 4.9% | 3.9% | +1.0 points |

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.)

## What is the Voltas share price history? Voltas closed at ₹1,046.00 on 3 November 2026, down 24.4% from ₹1,383.60 a year earlier (31 October 2025) and down 14.3% over five years. Its highest weekly close since February 2016 was ₹1,928.40 on 20 September 2024. ### Voltas share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹950.00 | +10.1% |
| 1 month ago · 1 Oct 2026 | ₹1,053.20 | −0.7% |
| 6 months ago · 30 Apr 2026 | ₹1,430.40 | −26.9% |
| 1 year ago · 31 Oct 2025 | ₹1,383.60 | −24.4% |
| 3 years ago · 3 Nov 2023 | ₹835.65 | +25.2% |
| 5 years ago · 4 Nov 2021 | ₹1,220.05 | −14.3% |
| 10 years ago · 4 Nov 2016 | ₹360.05 | +190.5% |
| Earliest and lowest weekly close in our records · 26 Feb 2016 | ₹225.60 | +363.7% |
| Highest weekly close since February 2016 · 20 Sep 2024 | ₹1,928.40 | −45.8% |
| 52-week high (weekly close) · 27 Feb 2026 | ₹1,561.30 | −33.0% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹950.00 | +10.1% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Voltas? 3 Nov 2026: Voltas closed at ₹1,046.00, up 10.1% on the week and down 0.7% 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. ## What dividend does Voltas pay? Voltas paid ₹4 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.38% at the ₹1,046.00 close on 3 November 2026. The last was a dividend of ₹4 a share, ex-date 12 June 2026. ### Voltas dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 12 Jun 2026 | ₹4 | Dividend |
| 20 Jun 2025 | ₹7 | Dividend |
| 25 Jun 2024 | ₹5.50 | Dividend |
| 9 Jun 2023 | ₹4.25 | Dividend |
| 9 Jun 2022 | ₹5.50 | Dividend |
| 11 Aug 2021 | ₹5 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Voltas management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/355/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 14 August 2026.)

## What to watch in Voltas' next results? 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. - What to check (from the call)
- UCP margin progression and pricing retention through lean Q2 - check whether cost-down and pass-through offset seasonal pressure. - RAC channel inventory and secondary sales - check for healthy restocking rather than a post-summer correction. - Voltas Beko loss trajectory after the delayed break-even window - check whether commodity pressure eases and profitability begins improving. - Segment B international order intake and Q3-Q4 execution recovery - check whether selective wins convert into EBIT. ## Which stock lists is Voltas on? Voltas is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 250](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Voltas profitable? 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. 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. ## How much revenue does Voltas make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Voltas keep? 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. 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. ## Is Voltas' profit turning into cash? 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. 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. ## Where does Voltas' cash go? 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. 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. ## What is Voltas' P/E ratio, and how does it compare with its own history? Voltas Ltd's P/E is 74.1×, in the middle of its own history: higher than 69% 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. 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. Why the multiple is where it is: over the past year earnings per share moved −55.3% while the price moved −24.4%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved −3.0% a year; about −4.6% a year came from earnings growth and about +1.6 percentage points from the multiple (the market paying more); over 10 years the price moved +11.3% a year; about +0.0% a year came from earnings growth and about +11.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 6.8% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Voltas business getting better or worse? Voltas Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −31.0% in the latest quarter, against +236.7% at its best in 12 quarters, with ROCE steady at 9.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Voltas earn on its capital? Voltas Ltd earned a ROCE of 9% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 2.6% net margin and 0.98× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.6% net margin × 0.98× asset turnover × 2.27× leverage (assets divided by equity) ≈ 5.8% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 6.8% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Voltas have too much debt? Voltas Ltd had ₹992 Cr of borrowings against ₹6,376 Cr of equity in FY26, so its debt is 0.16× its equity. Its operating profit is 6 times its interest bill. Over 5 years borrowings went from ₹261 Cr to ₹992 Cr. Over the last 3 of those years it spent ₹673 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 6.8% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Voltas shareholding pattern? Domestic institutions raised their stake in Voltas Ltd by 1.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 38.5% of the company. Foreign institutions moved −1.1 points over the same period, to 16.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.3 points over 8 quarters, to 38.5%; Foreign institutions: −1.1 points over 8 quarters, to 16.9%; Promoters: +0.0 points over 8 quarters, to 30.3%. Why the owners changed: domestic institutions drove it (+1.3 points), with the other side taken by foreign institutions (−1.1 points). They raised their stake step by step. ## How far is Voltas from balance-sheet trouble? For Voltas Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Voltas rank in its industry? 34.9 out of 100, rank 10 of 13 in Consumer Electronics, with 78% of the evidence available. Voltas Ltd scores 34.9 out of 100 against the 13 companies it is compared with in Consumer Electronics, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 13.6 + 8.2 + 7.1 + 6 = 34.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Voltas compared with? Voltas ranks 10 of 13 Consumer Electronics companies on the 4-Factor Sector Score, with 34.9 out of 100. 1. [Orient Electric Ltd](https://www.sectoralpha.in/stocks/orient-electric-ltd) ORIENTELEC · turning · Sector-leading setup · 100% evidence 86.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.9/35 · Revenue 16.9% · Profit 40.9% · Operating margin change 1 points · 100% evidence Capital efficiency 17.3/25 · ROCE 19.9% · Operating margin 6% · 100% evidence Valuation 19.4/20 · P/E 28.7× · PEG 0.83 · 100% evidence Relative strength 17.6/20 · Lead over its industry 15.4% · Lead over NIFTY 500 6% · 1 year -13.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 31.9 + 17.3 + 19.4 + 17.6 = 86.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Havells India Ltd](https://www.sectoralpha.in/stocks/havells-india-ltd) HAVELLS · quiet · Evidence leans up · 100% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 16.5% · Profit 13.8% · Operating margin change 0 points · 100% evidence Capital efficiency 19.9/25 · ROCE 24.9% · Operating margin 9% · 100% evidence Valuation 8.3/20 · P/E 37.5× · PEG 3.13 · 100% evidence Relative strength 8.1/20 · Lead over its industry -8.2% · Lead over NIFTY 500 -15.8% · 1 year -32.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 19.9 + 8.3 + 8.1 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [LG Electronics India Ltd](https://www.sectoralpha.in/stocks/lg-electronics-india-ltd) LGEINDIA · leader · Evidence leans up · 83% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.2/35 · Revenue 5.6% · Profit -10.4% · Operating margin change 1 points · 88% evidence Capital efficiency 20.0/25 · ROCE 32.3% · Operating margin 12% · 100% evidence Valuation 6.3/20 · P/E 61.8× · PEG 2.69 · 65% evidence Relative strength 16.0/20 · Lead over its industry 20.5% · Lead over NIFTY 500 10.8% · 1 year -0.1% · 70% evidence · 12 of 12 weeks ahead Exact sum: 17.2 + 20 + 6.3 + 16 = 59.5 · What this means: Relative strength against the index is 10.8%, and revenue and profit growth are weak. 4. [Blue Star Ltd](https://www.sectoralpha.in/stocks/blue-star-ltd) BLUESTARCO · turning · Evidence leans up · 90% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 8.8% · Profit -2% · Operating margin change -1 points · 100% evidence Capital efficiency 18.5/25 · ROCE 21.2% · Operating margin 7% · 100% evidence Valuation 8.3/20 · P/E 62.4× · PEG n/a · 50% evidence Relative strength 15.5/20 · Lead over its industry 10% · Lead over NIFTY 500 1% · 1 year -16% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 18.5 + 8.3 + 15.5 = 58.5 · What this means: Relative strength against the index is 1%, and revenue and profit growth are weak. 5. [Eureka Forbes Ltd](https://www.sectoralpha.in/stocks/eureka-forbes-ltd) EUREKAFORB · quiet · Evidence leans up · 74% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 12.4% · Profit 5.8% · Operating margin change 0 points · 88% evidence Capital efficiency 9.6/25 · ROCE 5.9% · Operating margin 10% · 100% evidence Valuation 13.4/20 · P/E 29.8× · PEG 1.26 · 65% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -31.6% · 1 year -44% · 25% evidence · 0 of 12 weeks ahead Exact sum: 21.2 + 9.6 + 13.4 + 7.8 = 52 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Crompton Greaves Consumer Electricals Ltd](https://www.sectoralpha.in/stocks/crompton-greaves-consumer-electricals-ltd) CROMPTON · basing · Evidence leans down · 82% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 12.1% · Profit -80% · Operating margin change 1 points · 95% evidence Capital efficiency 14.9/25 · ROCE 18.1% · Operating margin 9% · 76% evidence Valuation 13.6/20 · P/E 25.3× · PEG n/a · 50% evidence Relative strength 3.2/20 · Lead over its industry -12.3% · Lead over NIFTY 500 -19.6% · 1 year -32.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.2 + 14.9 + 13.6 + 3.2 = 49.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Whirlpool of India Ltd](https://www.sectoralpha.in/stocks/whirlpool-of-india-ltd) WHIRLPOOL · breaking out · Evidence leans down · 81% evidence 42.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue 6% · Profit -30.8% · Operating margin change -4 points · 88% evidence Capital efficiency 10.7/25 · ROCE 10.7% · Operating margin 5% · 100% evidence Valuation 9.5/20 · P/E 37.9× · PEG 2.3 · 100% evidence Relative strength 10.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.9% · 1 year -41.8% · 25% evidence · 6 of 12 weeks ahead Exact sum: 12.6 + 10.7 + 9.5 + 10.1 = 42.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Bosch Home Comfort India Ltd](https://www.sectoralpha.in/stocks/bosch-home-comfort-india-ltd) BOSCH-HCIL · leader · Evidence leans down · 83% evidence 42.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue 12.6% · Profit -80% · Operating margin change -0.6 points · 83% evidence Capital efficiency 5.2/25 · ROCE 4.8% · Operating margin 3.7% · 95% evidence Valuation 5.1/20 · P/E 222× · PEG n/a · 50% evidence Relative strength 20.0/20 · Lead over its industry 26% · Lead over NIFTY 500 16% · 1 year -4.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 11.7 + 5.2 + 5.1 + 20 = 42 · What this means: Relative strength against the index is 16%, and revenue and profit growth are weak. 9. [Symphony Ltd](https://www.sectoralpha.in/stocks/symphony-ltd) SYMPHONY · quiet · Evidence leans down · 72% evidence 41.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.6/35 · Revenue 2.8% · Profit -80% · Operating margin change 6 points · 95% evidence Capital efficiency 17.1/25 · ROCE 20.6% · Operating margin 13% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 2.7/20 · Lead over its industry -24% · Lead over NIFTY 500 -30.4% · 1 year -47.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 11.6 + 17.1 + 10 + 2.7 = 41.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. Voltas Ltd this page VOLTAS · quiet · Most evidence points down · 78% evidence 34.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.6/35 · Revenue 3.8% · Profit -31.1% · Operating margin change 1 points · 83% evidence Capital efficiency 8.2/25 · ROCE 9% · Operating margin 4.9% · 76% evidence Valuation 7.1/20 · P/E 72.8× · PEG n/a · 50% evidence Relative strength 6.0/20 · Lead over its industry -9.9% · Lead over NIFTY 500 -17.4% · 1 year -25.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13.6 + 8.2 + 7.1 + 6 = 34.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Wonder Electricals Ltd](https://www.sectoralpha.in/stocks/wonder-electricals-ltd) WEL · quiet · Most evidence points down · 96% evidence 29.6 out of 100 Growth Capital Valuation Relative
12. [Onida Electronics Ltd](https://www.sectoralpha.in/stocks/onida-electronics-ltd) ONIDA · quiet · Most evidence points down · 68% evidence 25.1 out of 100 Growth Capital Valuation Relative
13. [MIRC Electronics Ltd](https://www.sectoralpha.in/stocks/mirc-electronics-ltd) MIRCELECTR · Too little evidence to rank firmly · 37% evidence 28.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Consumer Electronics](https://www.sectoralpha.in/sectors/consumer-electronics), all 13 compared on one page. ## Which companies are close to Voltas in size? Voltas is the 3rd largest of 13 Consumer Electronics companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: LG Electronics India and Havells India. Just below it: Blue Star, Crompton Greaves Consumer Electricals, Whirlpool of India and Eureka Forbes. ### Consumer Electronics companies close in size

1. [LG Electronics India Ltd](https://www.sectoralpha.in/stocks/lg-electronics-india-ltd) ₹1,12,771 crore
2. [Havells India Ltd](https://www.sectoralpha.in/stocks/havells-india-ltd) ₹63,622 crore
3. Voltas Ltd ₹34,015 crore
4. [Blue Star Ltd](https://www.sectoralpha.in/stocks/blue-star-ltd) ₹33,472 crore
5. [Crompton Greaves Consumer Electricals Ltd](https://www.sectoralpha.in/stocks/crompton-greaves-consumer-electricals-ltd) ₹12,334 crore
6. [Whirlpool of India Ltd](https://www.sectoralpha.in/stocks/whirlpool-of-india-ltd) ₹10,334 crore
7. [Eureka Forbes Ltd](https://www.sectoralpha.in/stocks/eureka-forbes-ltd) ₹6,061 crore

[All 13 Consumer Electronics companies, largest first](https://www.sectoralpha.in/sectors/consumer-electronics#all-companies)

### Companies close in size in other industries

1. [Karur Vysya Bank Ltd](https://www.sectoralpha.in/stocks/karur-vysya-bank-ltd) ₹34,419 crore · Banks - Private
2. [Global Health Ltd](https://www.sectoralpha.in/stocks/global-health-ltd) ₹34,156 crore · Hospitals
3. Voltas Ltd ₹34,015 crore
4. [AIA Engineering Ltd](https://www.sectoralpha.in/stocks/aia-engineering-ltd) ₹33,557 crore · Capital Goods - Mining Equipement
5. [Blue Star Ltd](https://www.sectoralpha.in/stocks/blue-star-ltd) ₹33,472 crore · Consumer Electronics

## What else do people ask about Voltas? ### What is Voltas's share price today? Voltas Ltd's share price is ₹1,046.00, −24.4% over the past year. The whole company is worth ₹34,611 Cr on the market. In the last 52 weeks it traded between ₹950 to ₹1,561; today it is 16% of the way up from the low, 16.3% below its 200-day average (as of 3 November 2026). ### What were Voltas's latest quarterly results? Voltas Ltd reported revenue of ₹4,674 Cr and net profit of ₹213 Cr for the Jun 2026 quarter. Revenue rose 18.7% and profit rose 51.1% compared with a year earlier. Earnings per share were ₹6.46. The operating margin was 4.9%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Voltas's market cap? Voltas Ltd's market capitalisation is ₹34,611 Cr at a share price of ₹1,046.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Voltas performing? Voltas Ltd's share price has been falling for 25 weeks. In its latest quarter, revenue rose 18.7% and profit rose 51.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 15 weeks running (as of 3 November 2026). ### Will Voltas's share price go up? This page does not forecast Voltas Ltd's share price. What it shows instead: the share price is ₹1,046.00, and it has been falling for 25 weeks. Its P/E of 74.1× is higher than 69% of its own last 11 years (as of 3 November 2026). ### Who owns Voltas? Promoters own 30.3% of Voltas Ltd, foreign institutions 16.9%, domestic institutions 38.5% and the public 14.2% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 1.3 percentage points over 8 quarters (as of 3 November 2026). ### Where is Voltas in its business cycle? Voltas Ltd's FY26 operating margin was 3.6%, against a 13-year range of 2.7% to 10.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 4.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Voltas story? The main question: profits are rising, but only 42% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Voltas a stock worth studying right now? What the numbers show: Voltas Ltd's share price has risen faster than its earnings: −24.4% in a year, against −55.3% for earnings per share. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Voltas share price forecast for 2026? What management itself 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. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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