Voltas Stock | Price, Analyst Rating & Outlook for 2026

Voltas

NSEI:VOLTAS

Rp 1.368,80

Rp0,00 (0,00%)

1.368,80 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

Voltas Stock Value

The analyst rating for Voltas is currently Hold.

Hold

Voltas Company Info

EPS Growth 5Y

8,76%

Market Cap

Rp452,92 B

Long-Term Debt

Rp3,82 B

Annual earnings

05/02/2026 (E)

Dividend

Rp6,98

Dividend Yield

0,51%

Founded

1954

Industry

Industrials

Country

India

Website

Voltas

ISIN Number

INE226A01021

Website

http://www.voltas.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp1.414,00

3.3%

Last Update: 03/28/2026

Analysts: 35

Highest Price Target Rp1.900,00

Average Price Target Rp1.414,00

Lowest Price Target Rp1.100,00

In the last five quarters, Voltas’s Price Target has fallen from Rp1.065,50 to Rp962,79 - a -9,64% decrease. Thirty Four analysts predict that Voltas’s share price will increase in the coming year, reaching Rp1.414,00. This would represent an increase of 3,30%.

Top growth stocks in the industrials sector (5Y.)

What does Voltas do?

Voltas Limited provides air conditioning and engineering solutions. It operates across multiple business segments, focusing on delivering innovative and sustainable solutions. Business Segments The company operates primarily through three business segments: Electro-Mechanical Projects and Services, Unitary Cooling Products, and Projects. Electro-Mechanical Projects and Services (EMP&S) This segment encompasses a vast range of services including the design, engineering, procurement, and const...

Voltas Limited provides air conditioning and engineering solutions. It operates across multiple business segments, focusing on delivering innovative and sustainable solutions.

Business Segments

The company operates primarily through three business segments: Electro-Mechanical Projects and Services, Unitary Cooling Products, and Projects.

Electro-Mechanical Projects and Services (EMP&S)

This segment encompasses a vast range of services including the design, engineering, procurement, and construction of electro-mechanical systems. It plays a significant role in the development of complex infrastructure such as airports, commercial complexes, hospitals, and industrial units. The company’s expertise in providing heating, ventilation, and air conditioning (HVAC) solutions makes it a preferred partner for numerous large-scale projects. Notably, The company collaborates with various stakeholders, including government agencies and private developers, ensuring timely delivery and adherence to industry standards. This segment underscores the company’s commitment to engineering excellence.

Unitary Cooling Products (UCP)

This segment focuses on manufacturing and marketing a range of cooling products, including room air conditioners, commercial air conditioning solutions, and water coolers. The company’s air conditioners are known for their energy efficiency, innovative designs, and advanced features that cater to the needs of both residential and commercial customers. The company places a significant emphasis on promoting energy-efficient and environmentally friendly cooling products. Through aggressive marketing strategies and investment in research and development, this segment has continuously evolved to meet the changing expectations of consumers.

Projects

This segment involves executing large-scale projects that range from air conditioning solutions for skyscrapers to environmental control systems and specialized cooling solutions for data centers. The projects division integrates solutions that encompass HVAC systems, electrical installations, plumbing, and fire protection systems. The company not only aims for operational efficiency but also strives to ensure the sustainability of the projects it undertakes. This segment reinforces the company’s position as a leader in the marketplace by embracing challenges and driving innovation.

Business Strategy

The company's business strategy revolves around maintaining a leadership position in the air conditioning and engineering services market while focusing on sustainable growth. The company aims to build lasting relationships with customers by delivering high-quality products and solutions tailored to their needs. To achieve these objectives, it has embedded several key strategic elements within its operations.

Customer-Centric Approach: By prioritizing customer satisfaction, the company adopts a proactive strategy to understand customer needs and preferences. This involves conducting regular market research and soliciting feedback, which informs product development and service enhancement. The company places a strong emphasis on after-sales services, ensuring that customers experience seamless support post-purchase.

Innovation and Technology: The company dedicates significant resources to research and development, focusing on cutting-edge technologies that drive product efficiency and sustainability. The business strategy emphasizes developing energy-efficient cooling solutions that not only meet national and international standards but also address environmental concerns. Continuous investment in innovation aids the company in staying ahead in a competitive landscape.

Expansion and Growth: The company continually aims to expand its market presence both domestically and internationally. By exploring new geographical markets and verticals, it seeks growth opportunities that align with its core operational capabilities. Strategic partnerships and alliances with other businesses can also enhance its ability to enter new markets effectively.

Products and Services

The company offers a comprehensive range of products and services tailored to meet the needs of diverse markets:

Cooling Solutions: This includes an extensive lineup of air conditioning systems ranging from window and split air conditioners to central air conditioning systems designed for large commercial spaces. The company emphasizes energy-efficient models that utilize advanced technology to minimize energy consumption while maximizing performance.

HVAC Installation and Maintenance: The company provides end-to-end HVAC solutions, covering design, installation, and ongoing maintenance services. The company prides itself on ensuring optimal functioning of installed systems through regular maintenance checks and quick response to service requests.

Electro-Mechanical Services: The company offers specialized engineering services for electrical installations, mechanical systems, and plumbing solutions. This service is vital for large-scale projects that require comprehensive integration of various systems.

Chillers and Refrigeration Solutions: The company offers world-class chillers and refrigeration systems designed for industrial applications. These products are optimized for performance, reliability, and energy efficiency, catering primarily to large users such as food processing industries and pharmaceutical companies.

Water Solutions: The company also provides water coolers, dispensers, and treatment solutions. By using advanced filtration and purification technologies, the company aims to address the growing concerns around water quality and availability.

Geographical Markets Served

The company serves a wide geographical market, ensuring its presence across urban and semi-urban regions. The company has established a significant footprint in India, extending its influence into key international markets. The company endeavors to tap into emerging markets where infrastructure needs are growing, particularly in the Middle East and South Asian regions.

Strategic Agreement

In 2022, the company executed a strategic business transfer agreement, transferring its domestic B2B businesses associated with projects, MEP (Mechanical, Electrical, and Plumbing), and HVAC to its wholly owned subsidiary, Universal MEP Projects & Engineering Services Limited (UMPESL). This strategic move is aimed at streamlining operations and enhancing focus on core competencies.

Seasonality

The business of the company is subject to seasonal fluctuations, primarily driven by demand for air conditioning products and services. The peak season typically aligns with the summer months when temperature rises increase the demand for cooling solutions. Conversely, during the winter months, demand may experience a significant dip, particularly for air conditioners. However, the company also experiences demand for heating solutions and other services during off-peak seasons, which aids in balancing its revenue streams throughout the year.

Research and Development

In the 2023-24 financial year, the company incurred R&D expenditure of INR 23.43 crores, which includes capital expenditure. This commitment to R&D showcases the company's focus on remaining at the forefront of technology in the HVAC and engineering sectors, driving product development that aligns with evolving customer needs.

Customers

The company caters to a diverse customer base encompassing various industries, including residential, commercial, and industrial segments. Its product offerings and services are tailored to meet the needs of the following customer categories:

Residential Customers: This category includes individual homeowners and tenants seeking reliable and efficient cooling solutions for their living spaces.

Commercial Enterprises: Businesses across sectors such as retail, hospitality, and healthcare rely on the company for comprehensive HVAC solutions tailored to their specific requirements.

Industrial Clients: The company serves numerous industrial clients, providing specialized cooling solutions for sectors like food processing, pharmaceuticals, and manufacturing.

Sales and Marketing

The company employs a multi-channel marketing strategy to promote its products and services. The company utilizes various modes of sales, including direct sales to clients, partnerships with distributors, and retailers. Digital marketing initiatives and promotional campaigns play a crucial role in reaching potential customers. The distribution channels for the company encompass a comprehensive network that includes authorized dealers and service centers across regions.

History

Voltas Limited was founded in 1954. The company was incorporated in 1954.

Voltas Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Air conditioners and cooling devices: approx. 50% - Electromechanical projects and services: approx. 30% - Engineering products and services: approx. 20% **TOP 3 markets and their percentage shares:** - India: approx. 60% - Middle East: approx. 25% - Southeast...

At which locations are the company’s products manufactured?

**Production sites of Voltas Limited:** Voltas Limited mainly produces its products in India. The most significant production sites include: 1. **Pantnagar, Uttarakhand:** This facility is one of Voltas' largest production sites, specializing in the manufacturing of air conditioners and refri...

What strategy does Voltas pursue for future growth?

**Revenue Growth:** Estimated 10-12% annually (2025 forecast) **Market Share in India:** Approximately 25% in the air conditioning segment (2024) Voltas Limited is pursuing a growth strategy that is heavily focused on expanding in the air conditioning and refrigeration appliances sector. The comp...

Which raw materials are imported and from which countries?

**Main raw materials:** Copper, Aluminum, Steel **Countries of origin:** - **Copper:** Chile, Peru - **Aluminum:** China, Russia - **Steel:** China, Japan Voltas Limited, a leading company in the field of air conditioning and refrigeration technology, imports various raw materials that are essenti...

How strong is the company’s competitive advantage?

**Market Share in India (2025):** Approximately 24% in the air conditioning sector **EBITDA Margin (2024):** 11.5% **R&D Expenses (2024):** 2.1% of revenue Voltas Limited has a significant competitive advantage, especially in the Indian air conditioning market, where the company holds a m...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Approximately 40% (estimated for 2025 based on historical trends) **Insider Buys/Sells:** No significant transactions in the last 12 months (estimated for 2025) The institutional investor share in Voltas Limited traditionally stands at around 35-45%. These investo...

What percentage market share does Voltas have?

**Market share of Voltas Limited:** 18% (2025, estimated) **Top 5 competitors and their market shares:** 1. **LG Electronics:** 22% 2. **Samsung Electronics:** 20% 3. **Voltas Limited:** 18% 4. **Blue Star Limited:** 15% 5. **Whirlpool Corporation:** 10% Voltas Limited has a significant market sha...

Is Voltas stock currently a good investment?

**Revenue Growth:** 10% (2024) **EBITDA Margin:** 12% (2024) **Market Share in the Air Conditioning Segment in India:** 24% (2024) Voltas Limited recorded a revenue growth of 10% in 2024, driven by strong demand in the air conditioning and refrigeration sector. The EBITDA margin of 12% indicates th...

Does Voltas pay a dividend – and how reliable is the payout?

**Dividend Yield:** 0.8% (2024) **Dividend History:** Regular payouts over the last 5 years Voltas Limited has regularly distributed dividends to its shareholders in recent years, indicating a certain reliability in its dividend policy. However, the dividend yield of 0.8% in 2024 shows that the yie...

New support ticket

Explore

Voltas Stock Value

Voltas Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Voltas do?

Voltas Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Voltas Stock Value

Voltas Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Voltas do?

Voltas Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.