Voltas (Tata Group): India's No.1 room-AC brand; also home appliances, HVAC/MEP projects, industrial gear.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 4.2k | 5.0k | 5.5k | 6.7k | 7.5k | 8.1k | 6.3k | 7.9k |
| Borrowings | 88 | 108 | 140 | 315 | 430 | 589 | 1.8k | 811 |
| Other Liabilities | 3.3k | 2.9k | 3.5k | 3.0k | 3.8k | 4.0k | 4.8k | 5.2k |
| Total Liabilities | 7.6k | 8.0k | 9.2k | 10.0k | 11.8k | 12.7k | 12.9k | 14.0k |
| AssetsFixed Assets | 300 | 306 | 303 | 437 | 455 | 883 | 984 | 989 |
| CWIP | 26 | 9 | 59 | 98 | 368 | 82 | 75 | 22 |
| Investments | 2.6k | 3.4k | 4.1k | 5.0k | 5.4k | 5.4k | 2.9k | 5.2k |
| Other Assets | 4.7k | 4.2k | 4.7k | 4.5k | 5.6k | 6.4k | 8.9k | 7.8k |
| Total Assets | 7.6k | 8.0k | 9.2k | 10.0k | 11.8k | 12.7k | 12.9k | 14.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -310 | 336 | 571 | 668 | 35 | 419 | 23 | -130 |
| Cash from Investing | 445 | -176 | -311 | -370 | -72 | -244 | 18 | 225 |
| Cash from Financing | -82 | -204 | -129 | -159 | -42 | -56 | -62 | -90 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -388 | 253 | 553 | 622 | -137 | 141 | -166 | -254 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
VOLTAS · CYCLICAL_UNMODELABLE
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