VOLERCAR

Voler Car financials

Market cap
₹261 Cr
Sector
Services

What Voler Car Ltd does

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
Founded 2010Headquarters Kolkata, West Bengal, India Company website

Quarterly results

Q1 FY27: revenue up 15.1%, net profit down 13.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue11 10 11 12 14 +22%13 +29%14 +26%14 +15%
EBITDA2 1 1 1 1 −68%0 −78%0 −69%1 −30%
Net profit2 1 1 1 1 −51%1 −19%1 −22%1 −13%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +17.1% 1Y

₹200₹220₹240₹260Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹199.8 on 10 Sept 2025 → ₹233.9. High ₹269.9 (22 Apr 2026), low ₹189 (8 Dec 2025).

Financials, as filed

Revenue grew 24.6% a year over 1 year, FY25 to FY26. Operating margin narrowed to 4.2%.

Year endingFY25FY26
Revenue₹42 Cr₹53 Cr
Operating profit₹5 Cr₹2 Cr
Operating margin11.2%4.2%
Interest₹0 Cr₹0 Cr
Depreciation₹0 Cr₹0 Cr
Net profit₹5 Cr₹3 Cr
Net margin10.6%6.6%
Cash from operations₹1 Cr₹-2 Cr
Free cash flow₹1 Cr₹-3 Cr
ROCE25.4%12.1%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹11 Cr₹11 Cr
Reserves₹-9 Cr₹-3 Cr₹-1 Cr₹3 Cr₹28 Cr₹29 Cr
Borrowings₹9 Cr₹6 Cr₹4 Cr₹1 Cr₹0 Cr₹0 Cr
Other liabilities₹13 Cr₹9 Cr₹8 Cr₹7 Cr₹7 Cr₹6 Cr
Total liabilities₹13 Cr₹11 Cr₹11 Cr₹11 Cr₹46 Cr₹46 Cr
Fixed assets₹2 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹5 Cr₹3 Cr
Other assets₹10 Cr₹10 Cr₹11 Cr₹10 Cr₹41 Cr₹42 Cr
Total assets₹13 Cr₹11 Cr₹11 Cr₹11 Cr₹46 Cr₹46 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Mar 2026

Since Mar 2025, the public added +7.10 pp while DIIs trimmed −5.09 pp. The shareholder count shrank 12% to 302.

Promoters
67.9%
DIIs
1.0%
Public
31.1%

Since Mar 2025

  • Public +7.10 pp
  • DIIs −5.09 pp
  • FIIs −2.01 pp

How it drifted, 3 quarters

Over this window the public went from 24.0% to 31.1% — +7.1 pp.

Mar '25Sep '25Mar '26

Ownership split by quarter, oldest first. Mar '25: Promoters 67.9%, FIIs 2.0%, DIIs 6.1%, Public 24.0%.Sep '25: Promoters 67.9%, DIIs 0.8%, Public 31.3%.Mar '26: Promoters 67.9%, DIIs 1.0%, Public 31.1%.

Who was buying across the market this quarter →

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.

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.

HolderStakeChange
Vikas Parasrampuria 54.03%unchanged
Pawan Parasrampuria 13.73%unchanged
Giriraj Stock Broking Private Limited 1.90%+0.77 pp
Smart Horizon Capital Advisors Private 1.54%−0.25 pp
Nivesh Mandi Private Limited 1.34%unchanged
Madhu Jhaver 1.21%newly disclosed
Ankit Anchalia 1.16%newly disclosed
Sovereign Wealth Funds Sovereign0.96%newly disclosed
Harshita Parasrampuria 0.02%unchanged
Srishti Parasrampuria 0.02%unchanged
Nikita Parasrampuria 0.02%unchanged
Shreya Parasrampuria 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.

What the price assumes

Growth trap

To justify its price of ₹234, this stock must grow earnings at 51% 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
51.0% a year
for 7 years, fading to 4%
It has actually compounded at
-23.1% a year
net profit, FY25–FY26
The gap
0.7 pp
-98% downside if it only repeats history
Price today ₹233.9 Value at the reference growth ₹5.25

Change the assumptions yourself →

Learn to analyse Voler Car Ltd

Guides on how to read this kind of business and the numbers that matter.