Voltas shares up 0.18% as Nifty gains
Voltas Ltd. traded 0.18 per cent up in Monday's trade at 11:47AM (IST). Around 13,327 shares changed hands on the counter.
The counter opened at Rs 824.0 and touched an intraday high and low of Rs 828.55 and Rs 820.0, respectively, in the session so far. The stock of Voltas Ltd. quoted a 52-week high of Rs 1050.55 and a 52-week low of Rs 737.6.
Total market cap of the Voltas Ltd. stood at Rs 27243.4 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 3003.46 crore for the quarter ended 31-Mar-2023, up 47.5 per cent from previous quarter's Rs 2036.27 crore and up 11.08 per cent from the year-ago quarter's Rs 2703.78 crore. The net profit for latest quarter stood at Rs 143.92 crore, down 21.23 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, DIIs held 15.26 per cent stake in the company, while foreign institutional investors held 19.08 per cent and the promoters 30.3 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 201.79 and a price-to-book ratio of 4.96.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.Voltas Ltd. belongs to the Air Conditioners industry.
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