Latest news with #Voltas
Time of India
12 hours ago
- Business
- Time of India
Buy Voltas, target price Rs 1,420: HDFC Securities
HDFC Securities maintains buy call on Voltas with a revised target price of Rs 1,420. The current market price of Voltas Ltd. is Rs 1295. Voltas, incorporated in 1954, is a Large Cap company with a market cap of Rs 42,733.76 crore, operating in Consumer Durables sector. Voltas' key products/revenue segments include Electrical Goods, Sale of services, Contract Revenue, Other Operating Revenue and Scrap for the year ending 31-Mar-2024. Financial Performance For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4,847.25 crore, up 53.19% from last quarter Total Income of Rs 3,164.16 crore and up 13.86% from last year same quarter Total Income of Rs 4,257.30 crore. The company has reported net profit after tax of Rs 267.66 crore in latest quarter. The company's top management includes N Tata, Bakshi, Bansal, Kumar Adhikari, N Vakil, Sarangi, Tulsidas Merchant, Menon, Agrawal, Deshpande, S Dubash, P Verma, Mr.V P Malhotra. Company has S R B C & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 33.09 Crore shares outstanding. Live Events Investment Rationale HDFC Securities anticipates a weak Q1FY26 for the company due to weak demand and a high base effect. They expect growth to rebound in Q2FY26. Furthermore, and project healthy growth in Q3FY26, as RAC prices are likely to increase from January 2026, driven by new rating change regulations. Considering the weak demand during the peak Q1 season, they have revised our revenue estimates downward by 10% for FY26 and 5% for FY27. Similarly, APAT estimates have been cut by 11% for FY26 and 7% for FY27. The brokerage now models a CAGR of 10% for revenue, 15% for EBITDA, and 17% for APAT over FY25-27E. HDFC Securities values Voltas UPC business at 40x EPS Mar-27E and the EMPS and Engineering Products and Services (EPS) business at 20x EPS Mar-27E each; the loss-making Beko is valued at 2x FY27 sales, translating into ~40x Mar-27E EPS. The brokerage maintains BUY on Voltas with a lower target price of Rs 1,420/share.
Mint
a day ago
- Business
- Mint
Dull summer casts a cloud on Voltas's air conditioner volumes in Q1
This year's summer seems to have ended in a rush thanks to unseasonal rains. But this has left air conditioners in a spot, with their sales suffering during the typically strong June quarter. In a recent analyst interaction, Voltas Ltd said room air conditioner volumes had dropped 20-25% year-on-year in April and May, for both the company and the industry. Voltas's unitary cooling products segment, largely comprising room air conditioners, contributed 69% of its total revenue in 2024-25. Some recovery was visible in June, but only in parts of north India. With channel inventory at 6-8 weeks and weak secondary demand, the overall air conditioner industry is tracking well below expectations in the ongoing April-June financial first quarter (Q1FY26). With inventory piling up at dealers, the industry is offering free installation and bundled deals to move stock, raising the risk of discounting if demand remains sluggish. Voltas's room air conditioner plant in Chennai is running at suboptimal utilisation. The company's management expects this to improve to 75-80% by the end of FY26, provided volumes recover meaningfully in the second half. The management, however, said the company gained market share in April. Still, persistent volume pressure could weigh on Voltas's profit margins and FY26 earnings. Voltas believes its unitary cooling products (UCP) segment can achieve a high single-digit Ebit margin in FY26. Also read | Blue Star faces the heat in Q1 from a milder summer season Risk factors 'Rising competition and aggressive pricing/higher discounts to recover market share are likely to lead to margin risks for Voltas despite production-linked incentives. Increased backward integration should keep costs elevated," Nomura said in a recent report. The investment bank has factored in a 10%/21% UCP volume growth for Voltas in FY26/27, while maintaining Ebit margin at 8.5%/9.0%. New Bureau of Energy Efficiency (BEE) standards for air conditioners from January will raise unit costs by ₹800-1,000, which Voltas intends to pass on to consumers via price hikes. This could drive purchases in Q3FY26 (October-December). Another relative bright spot is VoltBek, Voltas's joint venture with Turkey's Arçelik for large household appliances. The JV posted 57% volume growth in FY25, though much of that came from lower-margin stock-keeping units (SKUs), keeping profitability elusive. The management plans to contain VoltBek Ebitda margin at -5% in FY26. In the electro-mechanical projects and services business, Voltas is cautious on international projects where order inflows have been slow. In contrast, domestic project activity is expected to pick up meaningfully in FY26, making it the segment's key growth driver. To be sure, at 36x FY27 estimated earnings, as per Bloomberg, Voltas's stock isn't cheap. For the valuation to sustain, both demand for room air conditioners and the company's execution must improve. Also read | Indian cement stocks become dearer than some global peers
Mint
2 days ago
- Business
- Mint
5 star window ACs built for efficient cooling, quiet performance, and long-term power savings: Top 8 picks
The 5 star window ACs are a sought after cooling appliance online. The ease of maintenance, cost effective and simple features makes it an apt choice for modern homes during the summer season. The best window ACs often come loaded with the latest tech and features that makes it convenient for the buyers to use it. These ACs usually come with features like inverter compressors, copper condensers, and filters to ensure better air quality. Many models now offer advanced features such as auto restart, turbo mode, clean air filters, and low-noise operation. Brands like Voltas, Lloyd, Blue Star and Hitachi are some of the renowned names you can trust when considering buying a window AC. In this article, we have covered some of the 5 star window ACs that not only cools faster but is also easy on the pocket, thanks to its energy efficiency translating to lower electricity bills. This Voltas 1.5 Ton 5 Star Inverter Window AC is an apt product for the peak summer, thanks to the high ambient cooling. The BLDC rotary compressor ensures energy savings without compromising on comfort. It comes with a dust filter and self-diagnosis feature and offers reliable operation with minimal maintenance. It's an excellent choice for anyone seeking a high-performance, 5 star window AC that's both efficient and durable under extreme weather conditions. Strong cooling, durable build, and perfect for hot climates; many appreciate the power savings and solid performance. Choose this 5 star window AC for consistent cooling, reduced energy bills, and trusted Voltas performance. Enjoy fast and efficient cooling with this 1.5 Ton 5 Star Inverter Window AC that packs useful features into a sleek design. It comes equipped with blue fins for extra protection, an anti-bacterial filter for healthier air, and 100% copper tubes to ensure long-lasting performance. The 2-way swing offers better air circulation, while the self-diagnosis feature keeps things hassle-free. A great option for smart, quiet, and energy-efficient cooling all summer long. Buyers love the quiet operation, fast cooling, and build quality. Great for medium-sized rooms. Opt for this model if you want clean, quiet, and energy-efficient cooling in a modern-looking window inverter AC. Blue Star window AC offers powerful and versatile cooling with its 5-in-1 convertible inverter window AC. Designed to handle varying cooling needs, it adjusts its capacity intelligently. With a turbo cooling mode, multiple fan speeds, and hydrophilic blue fins for longevity, it delivers strong airflow and fast comfort. This 5 star rating air conditioner ensures low energy use and dependable performance, making it ideal for long-term use in Indian homes. Buyers say it cools quickly, is power-efficient, and perfect for mid-sized rooms. Good design and practical features. Pick this for versatile cooling needs and efficient performance with multiple modes and fast comfort. Beating the heat just got easier with this 1.5 Ton 5 Star Inverter Window AC that doesn't flinch, even at 52°C. It throws cool air like a champ, cleans it with a high-density dust filter, and keeps things breezy with 2-way airflow. Turbo mode kicks in when the sun's being extra. Add a tough copper coil and low-noise vibes, and you've got yourself a summer sidekick that's built to chill and last. Excellent cooling even in peak summer, appreciated for build quality and durable compressor performance. Go for this if you need efficient cooling even at 52°C with long-lasting components and low maintenance. Keep your space cool and stylish with this 1.5 Ton 5 Star Inverter Window AC that's made for comfort and efficiency. It includes a durable copper condenser, blue fin coating for extra strength, and an anti-dust filter to maintain freshness. Turbo mode offers a quick cool-down, while the anti-freeze thermostat ensures safe operation. With smart diagnostics and eco-friendly refrigerant, it's a smart, easy choice for your cooling needs. Praised for strong cooling, power efficiency, and quick service from Godrej's team. Choose this for reliable, eco-friendly cooling with durable copper coils and convenient safety features. The Panasonic 1.5 Ton 5 Star Inverter Window AC brings together comfort, performance, and clean air in a neat package. With a copper condenser and PM 0.1 filter, it ensures long-lasting cooling and healthier air indoors. Eco and Powerful Modes allow smart energy use while the stabilizer-free operation adds convenience. It's one of the best window ACs for those who value efficiency, cleaner air, and quiet performance. Buyers appreciate the clean air filter, stable cooling, and quiet operation that works well in hot climates. Go for this AC for efficient cooling, healthier air, and strong build quality with inverter tech and energy savings. The Hitachi 1.5 Ton 5 Star Inverter Window AC ensures uninterrupted 100% cooling even at 43°C. It includes a filter light reminder, eco-friendly refrigerant, and a high-efficiency compressor, promoting enhanced comfort and safety. With a comprehensive warranty on both the product and compressor, this unit is engineered for outstanding durability, quiet performance, and intuitive controls. It is an ideal selection for buyers looking for a powerful and intelligent window inverter AC. Highly rated for its strong cooling, quality construction, and quietness; value for premium pricing. Pick this window AC for premium cooling, silent performance, and long-term reliability from Hitachi. The LG 1.5 Ton 5 Star Window AC comes packed with modern features like Wi-Fi connectivity, 4-in-1 convertible cooling, and voice control via Alexa and Google Assistant. Its dual inverter compressor ensures energy efficiency and quiet performance. Built with Ocean Black Protection and an HD filter, it's one of the best window AC options offering smart diagnostics, low noise levels, and stabilizer-free operation—ideal for connected, tech-savvy homes. Impressive features, quiet operation, and great energy savings; loved by tech-oriented users. Select this smart window AC for voice-enabled control, custom cooling, and superior inverter efficiency. An inverter window AC automatically adjusts its cooling based on room temperature. It avoids frequent on-off cycles, which saves energy and ensures consistent comfort. These models are quieter, more durable, and efficient, making them perfect for both energy-conscious buyers and long-term use. Yes, copper coils are better for heat transfer, making the AC more efficient. They're also easier to maintain and last longer due to corrosion resistance. While aluminium coils may reduce the initial cost, copper options give you better performance and long-term reliability. A 5 star rating shows excellent energy efficiency based on standard test conditions. When used smartly, such as keeping doors and windows shut, it can help reduce electricity bills. However, savings also depend on usage patterns, room insulation, and maintenance. It is a reliable choice for energy efficient cooling. Room Size : Match the AC capacity (in tons) to your room size for efficient cooling. : Match the AC capacity (in tons) to your room size for efficient cooling. Energy Efficiency : A 5-star rating ensures lower electricity bills and better long-term savings. : A 5-star rating ensures lower electricity bills and better long-term savings. Inverter Technology : Look for inverter models for consistent cooling and reduced power consumption. : Look for inverter models for consistent cooling and reduced power consumption. Compressor Type : Choose rotary or inverter compressors for quieter and smoother operation. : Choose rotary or inverter compressors for quieter and smoother operation. Copper vs Aluminium Coils : Copper coils offer better cooling and are easier to maintain. : Copper coils offer better cooling and are easier to maintain. Air Filters : Opt for ACs with dust, PM2.5, or anti-bacterial filters for cleaner indoor air. : Opt for ACs with dust, PM2.5, or anti-bacterial filters for cleaner indoor air. Cooling Performance : Check if the AC performs well at high ambient temperatures (like 50°C+). : Check if the AC performs well at high ambient temperatures (like 50°C+). Noise Levels : Look for models with low decibel ratings for quieter operation. : Look for models with low decibel ratings for quieter operation. Build Quality: Durable materials and corrosion-resistant coatings ensure longer life. Best 1.5 ton window AC Noise Level Compressor Special Features 54 dB Inverter Rotary (BLDC) High Ambient Cooling even at 50 degree Celsius 52 dB Inverter Remote Controlled Operation, 2-way swing, LED Display 53 dB Energy Efficient Rotary Carrier 1.5 Ton 5 Star Inverter Window AC 56 dB Inverter Remote Controlled, Inverter Compressor, Dust Filter, Air Purification Filter 54 dB Inverter Hydrophilic blue fin evaporator, Dust filter Panasonic 1.5 Ton 5 Star Inverter Window AC 53 dB Inverter Copper Condenser, PM 0.1 Filter, Eco Mode, Powerful Mode HITACHI 1.5 Ton 5 Star, Window Inverter AC 50 dB Inverter Filter Light Reminder, Inverter Compressor, Remote Controlled, Dust Filter 44 dB Dual Inverter 4-Way Swing, Ocean Black Protection, Wi-Fi, 4-in-1 Convertible Disclaimer: Mint has an affiliate marketing partnership, which means we may get some commission on purchases you make through the retailer sites links provided. These partnerships do not influence our editorial content, which is free from any bias or marketing pitch. We strive to provide accurate and unbiased information to help you make informed decisions. We recommend verifying details with the retailer before making a purchase.
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Business Standard
2 days ago
- Business
- Business Standard
India-China electronics firms turn to tech tie-ups as JV rules delay deals
Talks between Voltas and China's Highly Group have failed to revive their previously scrapped joint venture (JV) for setting up a compressor plant in India. The Chinese firm has now offered a technical partnership in light of continued political tensions and regulatory bottlenecks, according to a report by The Economic Times. A Voltas team reportedly visited China in late May to reopen talks, but Highly Group declined to pursue an equity partnership, citing delayed government approvals and geopolitical tensions. Instead, it offered a technology-sharing arrangement, an option it had previously rejected two years ago. Firms explore non-equity deals under electronics manufacturing scheme The development comes even as Indian firms ramp up efforts to secure partnerships under India's ₹23,000-crore electronics component manufacturing scheme, aimed at reducing import dependence and boosting local production. Efforts to secure Chinese equity investment continue to face hurdles under existing policy restrictions, such as Press Note 3, which requires multi-agency clearance for investments originating from neighbouring countries. However, companies on both sides appear more receptive to low-equity or non-equity collaborations. Regulatory constraints on Chinese investment were introduced in 2020 following border clashes with Chinese troops. Despite this, industry leaders maintain that Chinese technology remains critical for building a globally competitive electronics manufacturing ecosystem in India. Tech partnerships already forming Industry executives say Indian firms are now prioritising access to Chinese technology over capital. Some partnerships even limit Chinese equity to 20–30 per cent, or exclude it entirely, the report said. One such technical partnership has already materialised. Highly has already signed a technical deal with PG Electroplast to manufacture air conditioners. PG Electroplast also plans to invest ₹350 crore in a compressor plant near Pune with a five-million-unit annual capacity.
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Business Standard
2 days ago
- Business
- Business Standard
Brokerages cut EPS estimates, downgrade Voltas on weak RAC demand outlook
According to JM Financial, Voltas and the overall RAC industry saw a 20-25 per cent year-on-year (Y-o-Y) volume decline in April and May, primarily due to unseasonal weather. Tanmay Tiwary New Delhi Listen to This Article Brokerages on Voltas: Brokerages have turned cautious on air conditioner (AC) maker Voltas, downgrading the stock and cutting FY26/27 earnings estimates despite the company's strong March quarter (Q4) and full-year FY25 performance. On the bourses, Voltas share s fell up to 2.39 per cent to hit an intraday low of ₹1,261.65 per share on Wednesday, June 18, 2025. Around 9:20 AM, Voltas shares continued to trade lower, down 1.44 per cent at ₹1,273.95. In comparison, BSE Sensex was trading 0.11 per cent lower at 81,489.89 levels. The EPS revisions followed an analyst call where management flagged a
