Voler Car share price & results
- Jun 2026
- Mar 2026
Asset-light Employee Transportation Services (ETS) operator running home-to-office-to-home commutes for large MNCs and corporates across India via a vendor-sourced driver/fleet network.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 14.2 | +15.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 6.0 | −3.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.1 | −13.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 8.51 | −12.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -6.42 | −9.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 22.59 | −12.6 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +16.2% 1Y
1Y: ₹238 on 24 Oct 2025 → ₹276.45. High ₹299.6 (21 Oct 2026), low ₹189 (8 Dec 2025).
- Previous close
- ₹283
- Market cap
- ₹244 Cr
- 52-week range
- ₹189 – ₹299.6
- One year
- +16.16%
- Price to earnings (TTM to Jun 2026)
- 73.94×
- Return on equity (TTM to Jun 2026)
- 8.51%
Overview
- Symbol
- NSE:VOLERCAR
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Voler Car Ltd does
Based on the company's own presentations, annual report and earnings calls.
Voler Car provides Employee Transportation Services (ETS) — door-to-door home-to-office-to-home commutes — to large MNCs, IT/ITeS firms, BFSI, e-commerce and other corporate clients across India. It runs an asset-light model where independent drivers list their own vehicles on Voler's platform (after a 50+ point quality/compliance check) and bear vehicle costs such as fuel and depreciation, while Voler handles routing, GPS-based live tracking, 24x7 control-room monitoring, billing and client relationship management. Clients are billed on a Cost-Per-Boarded-Employee (CPBE) model based on actual days travelled rather than flat monthly charges, under multi-year contracts. Beyond core ETS, it also offers ancillary services such as airport transfers, outstation trips, event/conference transport and standalone ambulances.
Segments
- Employee Transportation Services (ETS)
- Fleet size
- 2,944+ vehicles (EVs, buses, SUVs, sedans)
- Cities of operation
- 9+ cities across India (Kolkata, Bhubaneswar, Mumbai, Pune, Ahmedabad, Delhi NCR, Lucknow, Ludhiana, Jaipur, Bihar, Bangalore)
- Vendor-sourced fleet
- ~99% of fleet sourced from vendor/driver-owned vehicles
- Annual trips
- 4.4 lakh+ (440,000+) employee trips, FY2024-25
- Electrified fleet
- 454 EVs, ~15.16% of fleet
- Longest-tenured clients
- Wipro & TCS – 14 years each; Teleperformance – 10 years; Cognizant – 7 years
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −13% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 11 | 10 | 11 | 12 | 14 | 13 | 14 | 14 |
| Expenses | 9 | 9 | 10 | 11 | 13 | 12 | 14 | 13 |
| Operating profit | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
| Operating margin | 16.7% | 7.9% | 7.0% | 9.8% | 4.4% | 1.3% | 1.7% | 6.0% |
| Other income | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Tax rate | 17.1% | 3.7% | 25.0% | 28.3% | 25.2% | 21.9% | 25.8% | 25.3% |
| Net profit | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS (₹ per share) | 2.15 | 0.97 | 0.81 | 1.14 | 0.77 | 0.57 | 0.63 | 0.99 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 42 | 53 |
| Expenses | 38 | 51 |
| Operating profit | 5 | 2 |
| Other income | 1 | 3 |
| Interest | 0 | 0 |
| Depreciation | 0 | 0 |
| Profit before tax | 5 | 5 |
| Net profit | 5 | 3 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 11 | 11 | 11 |
| Reserves | -3 | -1 | 3 | 26 | 28 | 29 |
| Borrowings | 6 | 4 | 1 | 0 | 0 | 0 |
| Other liabilities | 9 | 8 | 7 | 7 | 7 | 6 |
| Total liabilities | 11 | 11 | 11 | 44 | 46 | 46 |
| Fixed assets | 1 | 0 | 0 | 0 | 0 | 1 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 5 | 3 |
| Other assets | 10 | 11 | 10 | 44 | 41 | 42 |
| Total assets | 11 | 11 | 11 | 44 | 46 | 46 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | — | 4 | 2 | 3 | 1 | -2 |
| Cash from investing | — | -0 | -0 | -0 | -24 | -3 |
| Cash from financing | — | -3 | -2 | -2 | 29 | 0 |
| Net cash flow | — | 0 | -0 | 1 | 6 | -6 |
| Free cash flow | — | 4 | 2 | 3 | 1 | -3 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 70 | 26 | 36 | 44 | 39 | 43 |
| Cash conversion cycle | 70 | 26 | 36 | 44 | 39 | 43 |
| Working capital days | -48 | -57 | -34 | 8 | 46 | 53 |
| Return on capital employed | — | 136.5% | 118.1% | 152.7% | 25.4% | 11.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
Growth trapTo justify its price of ₹276, this stock must grow earnings at 55% every year for 7 years. Our analysis caps realistic growth at ~-23%. At that growth it is worth ₹5 — downside of 98%.
- Growth the price implies
- 54.8% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -23.1% a year
- net profit, FY25–FY26
- The gap
- 0.8 pp
- -98% downside if it only repeats history
Ownership
Who owns it
Promoters hold 67.87% as of Mar 2026; institutions added 0.20 pts since Sept 2025.
- Promoters 67.87%
- Foreign institutions 0.00%
- Domestic institutions 1.03%
- Public 31.10%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.21% held
- newly disclosed 1.16% held
- Sovereign newly disclosed 0.96% held
- +0.77 pp 1.90% held
The same filing shows 1 holder trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Voler Car Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 54.03% | unchanged | |
| 13.73% | unchanged | |
| 1.90% | +0.77 pp | |
| 1.54% | −0.25 pp | |
| 1.34% | unchanged | |
| 1.21% | newly disclosed | |
| 1.16% | newly disclosed | |
| Sovereign | 0.96% | newly disclosed |
| 0.02% | unchanged | |
| 0.02% | unchanged | |
| 0.02% | unchanged | |
| 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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