Voltas Limited (VOLTAS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Voltas Limited stock ₹147, price ₹1,099, that is 86.6% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
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Voltas Limited
VOLTAS · NSEOur calculation puts a fair price 87% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ₹734.94 – ₹1,915 · fair‑value band ₹129.99 – ₹155.57 · the ₹1,099 price screens above the ₹146.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Voltas Limited operates as an air conditioning and engineering solutions provider primarily in India, the Middle East, Africa, and internationally. It operates through three segments: Unitary Cooling Products; Electro - Mechanical Projects and Services; and Engineering Products and Services.
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The company manufactures, sells, and services cooling appliances and cold storage products, such as room air conditioners, water dispensers and coolers, visi coolers, chest and convertible freezers, cold rooms, medical refrigeration, air coolers and purifiers, water heaters, ducted AC, variable refrigerant flow, cassette and tower AC, and chillers, as well as refrigerators, washing machines, microwave ovens, dishwashers, dry iron, and mixer grinders.
It also offers a comprehensive range of electro-mechanical services, including HVAC (heating, ventilation, and air conditioning), electrical systems, plumbing, firefighting, extra low voltage, and specialized services.
In addition, the company provides facilities maintenance services, such as operations and maintenance contracts in various sectors, AMCs, retrofit jobs, etc.
Further, it engages in the provision of water treatment solutions for industrial and domestic sewage segments, as well as last mile connectivity of water tab under various government schemes; sale and service of capital machinery for textile industry; sale of spares and accessories for textile equipment; and sale of mining and construction equipment.
Additionally, the company offers operations and maintenance services for mining and construction industry; undertakes rural electrification, power augmentation, substations, industrial electrification, and solar projects related to engineering, procurement, and construction.
Furthermore, it engages in manufacturing of ducts and ducts accessories; drilling, irrigation, and landscaping activities; and construction of water treatment plants. Voltas Limited was incorporated in 1954 and is headquartered in Mumbai, India.
Stock analysis
Voltas Limited (VOLTAS) currently trades at ₹1,099, while our model-based Fair Value estimate is ₹146.86, 87% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹243.06 per share, and 0 of the 17 models we run sit above the ₹1,099 price.
Bear case: the Asset-Based group reads lowest at ₹66.36, and 17 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹129.99 (bear) to ₹155.57 (bull), the price of ₹1,099 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Voltas Limited reported revenue of ₹142B in FY2026 versus ₹79.3B in FY2022, a compound +15.8%/yr. Reported net income was ₹3.8B in FY2026, compounding −7.1%/yr from FY2022.
Key figures
Market cap ₹364B (≈ $3.9B) Mid · P/E ratio 77.8 · P/S ratio 2.37 · EPS (TTM) ₹14.13 · Dividend yield 0.4% · Net margin 3.1% · Return on equity 7.0% · Return on assets (EBIT) 12.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at −87%, VOLTAS screens richer than that median.
Fair Value models
All 17 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
VOLTAS screens overvalued: fair value 87% below the price. Compare with Midea Group →
Compare Voltas Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Furnishings, Fixtures & Appliances · 297 stocks
Valuation Multiplesvs Furnishings, Fixtures & Appliances median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Debt-to-equity by industry
- Price/FCF by industry
- Stock screener with 62 metrics
- Undervalued stocks: Industrials
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Gree Electric Appliances, Inc 000651 | ¥39.02 | ¥97.62 | +150% | vs VOLTAS |
| Haier Smart Home Co 600690 | ¥21.62 | ¥45.72 | +111% | vs VOLTAS |
| Midea Group 000333 | ¥89.60 | ¥129.20 | +44% | vs VOLTAS |
| Zhejiang Supor Co 002032 | ¥45.36 | ¥50.78 | +12% | vs VOLTAS |
| Mohawk Industries, Inc MHK | $150.52 | $114.64 | −24% | vs VOLTAS |
| COWAY Co 021240 | 107,600 KRW | 76,574 KRW | −29% | vs VOLTAS |
| King Slide Works Co 2059 | 8,010 TWD | 4,427 TWD | −45% | vs VOLTAS |
| SharkNinja, Inc SN | $222.95 | $101.56 | −54% | vs VOLTAS |
| Somnigroup International Inc SGI | $64.17 | $29.05 | −55% | vs VOLTAS |
| Guangdong Songfa Ceramics Co 603268 | ¥149.45 | ¥31.45 | −79% | vs VOLTAS |
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