Voltas Limited
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. The company manufactures, sells, and services cooling appliances and cold storage products, such as room a… Read more
Voltas Limited (VOLTAS) - Net Assets
Latest net assets as of September 2025: ₹63.94 Billion INR
Based on the latest financial reports, Voltas Limited (VOLTAS) has net assets worth ₹63.94 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹128.75 Billion) and total liabilities (₹64.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹63.94 Billion |
| % of Total Assets | 49.66% |
| Annual Growth Rate | 17.66% |
| 5-Year Change | 30.04% |
| 10-Year Change | 170.14% |
| Growth Volatility | 14.61 |
Voltas Limited - Net Assets Trend (2004–2025)
This chart illustrates how Voltas Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Voltas Limited (2004–2025)
The table below shows the annual net assets of Voltas Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹65.40 Billion | +11.72% |
| 2024-03-31 | ₹58.54 Billion | +6.56% |
| 2023-03-31 | ₹54.94 Billion | -0.79% |
| 2022-03-31 | ₹55.38 Billion | +10.10% |
| 2021-03-31 | ₹50.29 Billion | +16.51% |
| 2020-03-31 | ₹43.17 Billion | +4.15% |
| 2019-03-31 | ₹41.45 Billion | +5.28% |
| 2018-03-31 | ₹39.37 Billion | +18.04% |
| 2017-03-31 | ₹33.35 Billion | +37.76% |
| 2016-03-31 | ₹24.21 Billion | +14.30% |
| 2015-03-31 | ₹21.18 Billion | +15.55% |
| 2014-03-31 | ₹18.33 Billion | +11.95% |
| 2013-03-31 | ₹16.37 Billion | +9.54% |
| 2012-03-31 | ₹14.95 Billion | +8.05% |
| 2011-03-31 | ₹13.84 Billion | +25.88% |
| 2010-03-31 | ₹10.99 Billion | +36.41% |
| 2009-03-31 | ₹8.06 Billion | +39.44% |
| 2008-03-31 | ₹5.78 Billion | +36.21% |
| 2007-03-31 | ₹4.24 Billion | +56.16% |
| 2006-03-31 | ₹2.72 Billion | +23.59% |
| 2005-03-31 | ₹2.20 Billion | +2.20% |
| 2004-03-31 | ₹2.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Voltas Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3857960000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹38.58 Billion | 59.23% |
| Common Stock | ₹330.80 Million | 0.51% |
| Other Comprehensive Income | ₹26.17 Billion | 40.19% |
| Other Components | ₹47.70 Million | 0.07% |
| Total Equity | ₹65.13 Billion | 100.00% |
Voltas Limited Competitors by Market Cap
The table below lists competitors of Voltas Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arcadis NV
PINK:ARCVF
|
$3.90 Billion |
|
Moelis & Co
NYSE:MC
|
$3.90 Billion |
|
H&R Block Inc
NYSE:HRB
|
$3.90 Billion |
|
Beijing Oriental Yuhong Waterproof Technology Co Ltd
SHE:002271
|
$3.90 Billion |
|
Federated Investors Inc B
NYSE:FHI
|
$3.89 Billion |
|
Airtac International Group
TW:1590
|
$3.89 Billion |
|
ICL Israel Chemicals Ltd
NYSE:ICL
|
$3.89 Billion |
|
Jiangsu Etern Co Ltd
SHG:600105
|
$3.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Voltas Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 58,205,000,000 to 65,132,500,000, a change of 6,927,500,000 (11.9%).
- Net income of 8,413,700,000 contributed positively to equity growth.
- Dividend payments of 1,819,900,000 reduced retained earnings.
- Other comprehensive income increased equity by 617,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹8.41 Billion | +12.92% |
| Dividends Paid | ₹1.82 Billion | -2.79% |
| Other Comprehensive Income | ₹617.80 Million | +0.95% |
| Other Changes | ₹-284.10 Million | -0.44% |
| Total Change | ₹- | 11.90% |
Book Value vs Market Value Analysis
This analysis compares Voltas Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.22x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 218.81x to 7.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹6.49 | ₹1420.40 | x |
| 2005-03-31 | ₹6.63 | ₹1420.40 | x |
| 2006-03-31 | ₹8.20 | ₹1420.40 | x |
| 2007-03-31 | ₹12.81 | ₹1420.40 | x |
| 2008-03-31 | ₹17.44 | ₹1420.40 | x |
| 2009-03-31 | ₹23.87 | ₹1420.40 | x |
| 2010-03-31 | ₹32.80 | ₹1420.40 | x |
| 2011-03-31 | ₹41.15 | ₹1420.40 | x |
| 2012-03-31 | ₹44.66 | ₹1420.40 | x |
| 2013-03-31 | ₹49.13 | ₹1420.40 | x |
| 2014-03-31 | ₹54.98 | ₹1420.40 | x |
| 2015-03-31 | ₹63.53 | ₹1420.40 | x |
| 2016-03-31 | ₹72.39 | ₹1420.40 | x |
| 2017-03-31 | ₹99.93 | ₹1420.40 | x |
| 2018-03-31 | ₹118.02 | ₹1420.40 | x |
| 2019-03-31 | ₹124.21 | ₹1420.40 | x |
| 2020-03-31 | ₹129.36 | ₹1420.40 | x |
| 2021-03-31 | ₹150.91 | ₹1420.40 | x |
| 2022-03-31 | ₹166.21 | ₹1420.40 | x |
| 2023-03-31 | ₹164.77 | ₹1420.40 | x |
| 2024-03-31 | ₹175.91 | ₹1420.40 | x |
| 2025-03-31 | ₹196.84 | ₹1420.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Voltas Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.46%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 2.02x
- Recent ROE (12.92%) is below the historical average (18.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 18.77% | 2.96% | 1.35x | 4.67x | ₹188.33 Million |
| 2005 | 23.81% | 3.54% | 1.32x | 5.10x | ₹303.15 Million |
| 2006 | 27.15% | 3.77% | 1.53x | 4.71x | ₹465.50 Million |
| 2007 | 47.60% | 7.98% | 1.50x | 3.98x | ₹1.59 Billion |
| 2008 | 35.96% | 6.48% | 1.49x | 3.74x | ₹1.50 Billion |
| 2009 | 32.23% | 5.88% | 1.33x | 4.12x | ₹1.76 Billion |
| 2010 | 35.44% | 8.00% | 1.42x | 3.12x | ₹2.76 Billion |
| 2011 | 25.82% | 6.79% | 1.25x | 3.05x | ₹2.15 Billion |
| 2012 | 10.96% | 3.12% | 1.25x | 2.81x | ₹141.77 Million |
| 2013 | 12.78% | 3.76% | 1.21x | 2.81x | ₹452.15 Million |
| 2014 | 13.49% | 4.66% | 1.11x | 2.61x | ₹634.25 Million |
| 2015 | 18.28% | 7.42% | 1.06x | 2.33x | ₹1.74 Billion |
| 2016 | 16.16% | 6.77% | 1.02x | 2.34x | ₹1.48 Billion |
| 2017 | 15.65% | 8.58% | 0.93x | 1.96x | ₹1.87 Billion |
| 2018 | 14.66% | 8.94% | 0.88x | 1.87x | ₹1.82 Billion |
| 2019 | 12.36% | 7.13% | 0.95x | 1.83x | ₹969.11 Million |
| 2020 | 12.08% | 6.75% | 0.94x | 1.91x | ₹891.59 Million |
| 2021 | 10.52% | 6.95% | 0.87x | 1.73x | ₹258.05 Million |
| 2022 | 9.17% | 6.35% | 0.81x | 1.77x | ₹-458.66 Million |
| 2023 | 2.48% | 1.42% | 0.92x | 1.89x | ₹-4.10 Billion |
| 2024 | 4.33% | 2.02% | 1.04x | 2.07x | ₹-3.30 Billion |
| 2025 | 12.92% | 5.46% | 1.17x | 2.02x | ₹1.90 Billion |
Industry Comparison
This section compares Voltas Limited's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,883,553,847
- Average return on equity (ROE) among peers: 3.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Voltas Limited (VOLTAS) | ₹63.94 Billion | 18.77% | 1.01x | $3.89 Billion |
| Archidply Decor Limited (ADL) | $507.52 Million | 0.06% | 0.56x | $743.82K |
| Airo Lam limited (AIROLAM) | $135.86 Million | 11.79% | 3.15x | $10.00 Million |
| Amber Enterprises India Limited (AMBER) | $19.54 Billion | 8.05% | 2.20x | $1.58 Billion |
| AVRO INDIA LIMITED (AVROIND) | $132.77 Million | 8.55% | 0.48x | $7.45 Million |
| Bajaj Electricals Limited (BAJAJELEC) | $6.87 Billion | -2.03% | 3.12x | $173.81 Million |
| Borosil Limited (BOROLTD) | $6.29 Billion | 3.15% | 0.05x | $101.49 Million |
| Bosch Home Comfort India Limited (BOSCH-HCIL) | $6.41 Billion | 9.18% | 1.81x | $67.65 Million |
| Butterfly Gandhimathi Appliances Limited (BUTTERFLY) | $1.80 Billion | -30.85% | 1.26x | $21.25 Million |
| CARYSIL LIMITED (CARYSIL) | $3.07 Billion | 17.07% | 1.32x | $132.60 Million |
| Cello World Limited (CELLO) | $24.08 Billion | 14.07% | 0.10x | $193.49 Million |