Voltas shares down 1.77% as Nifty drops

NEW DELHI: Shares of Voltas Ltd. traded 1.77 per cent down in Friday’s trade at 11:15AM (IST). Around 10,930 shares changed hands on the counter.

The scrip opened at Rs 1800.05 and touched an intraday high and low of Rs 1802.9 and Rs 1741.15, respectively, in the session so far. The stock of Voltas Ltd. quoted a 52-week high of Rs 1946.2 and a 52-week low of Rs 810.05.

Total market cap of the Voltas Ltd. stood at Rs 58257.22 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 5001.27 crore for the quarter ended 30-Jun-2024, up 17.48 per cent from previous quarter’s Rs 4257.3 crore and up 45.82 per cent from the year-ago quarter’s Rs 3429.83 crore.

The net profit for latest quarter stood at Rs 334.23 crore, up 158.51 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2024, DIIs held 24.36 per cent stake in the company, while foreign institutional investors held 18.09 per cent and the promoters 30.3 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 127.49 and a price-to-book ratio of 6.27. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Voltas Ltd. belongs to the Air Conditioners industry.