INSUBCONTINENT EXCLUSIVE:
Motilal Oswal has maintained a buy rating on Voltas in the long term with a target price of Rs 637
Shares of Voltas ended up 2.44 per cent at Rs 490.90 on Wednesday while the BSE Sensex closed 1861.75 points up (+6.98%) at
28,535.78.
Voltas Ltd., incorporated in 1954, is a largecap company with a market cap of Rs 16243.13 crore.
Investment RationaleThe
While the management sounded optimistic, the brokerage believes that the concerns have shifted from supply side to demand side going into
The company remains optimistic of recouping sales post the lifting of lockdowns and does not expect the entire washout of summer season
demand, the brokerage said
FinancialsVoltas's key products/revenue degments include Electrical Goods which contributed Rs 3631.08 crore to sales value (54.25 per
cent of total sales), Contract Revenue which contributed Rs 2483.72 crore to sales value (37.10 per cent of total sales), Sale of services
which contributed Rs 543.48 crore to sales value (8.11 per cent of total sales), Other Operating Revenue which contributed Rs 29.26 crore to
sales value (0.43 per cent of total sales) and Scrap which contributed Rs 5.65 crore to sales value (0.08 per cent of total sales)for the
year ending March 31, 2019
For the quarter ended 31-12-2019, the company reported consolidated sales of Rs 1487.07 crore, up 5.09 per cent from last quarter sales of
Rs 1415.02 crore and up 0.22 per cent from last year same quarter sales of Rs 1483.85 crore
The company reported net profit after tax of Rs 106.68 crore in the latest quarter.
