AgenciesRelated
Centrum Broking has add call on Voltas with a target price of Rs 1280. The current market price of Voltas Ltd. is Rs 1147.1. Time period given by analyst is one year when Voltas Ltd. price can reach defined target.
Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 38875.65 Crore) operating in Consumer Durables sector.
Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1822.34 Crore, up 4.89 % from last quarter Total Income of Rs 1737.35 Crore and down -10.94 % from last year same quarter Total Income of Rs 2046.26 Crore. Company reported net profit after tax of Rs 128.56 Crore in latest quarter.
Investment Rationale
The brokerage expects Voltas to post 14%/22% revenue/earnings CAGR over FY21-24E. Healthy growth prospects of AC industry, strong market leadership, robust FCF generating capability and bright scale-up of Voltas-Beko product range will support its valuations. It assigns ADD rating to the stock with SOTP based price Target of Rs1,280.
Promoter/FII Holdings
Promoters held 30.3 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.42 per cent, DIIs 29.76 per cent.
Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 38875.65 Crore) operating in Consumer Durables sector.
Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1822.34 Crore, up 4.89 % from last quarter Total Income of Rs 1737.35 Crore and down -10.94 % from last year same quarter Total Income of Rs 2046.26 Crore. Company reported net profit after tax of Rs 128.56 Crore in latest quarter.
Investment Rationale
The brokerage expects Voltas to post 14%/22% revenue/earnings CAGR over FY21-24E. Healthy growth prospects of AC industry, strong market leadership, robust FCF generating capability and bright scale-up of Voltas-Beko product range will support its valuations. It assigns ADD rating to the stock with SOTP based price Target of Rs1,280.
Promoter/FII Holdings
Promoters held 30.3 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.42 per cent, DIIs 29.76 per cent.
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