Case study

VOLTAS

Voltas Limited

Tread carefully1y model +6.6%

Each stock's 10,000-path forecast, rendered as light.

33Score

Voltas Limited (VOLTAS) Stock Analysis & Case Study

Is VOLTAS a good buy? The data-driven verdict.

Voltas Limited (VOLTAS) trades at ₹1,285,on the numbers it tread carefully, a Downstox Snapshot Score of 33/100.

On the numbers, Voltas Limited (VOLTAS) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 108.0× earnings, ROE of 6.1%, a 57% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

VOLTAS fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹42,519 Cr
Current price
₹1,285
P/E ratio
108.0×
P/B ratio
6.66×
Book value
₹193
Dividend yield
0.31%
ROCE
9.0%
ROE
6.1%
Piotroski F-Score
6/8

How VOLTAS ranks against the 2,373 companies in our screener

Is VOLTAS overvalued? VOLTAS P/E vs its Consumer

VOLTAS's P/E of 108.0× sits above the Consumer peer median of 53.8×, so on earnings it screens richer than peers, while its 0.31% dividend yield is below the peer median of 0.75%.

VOLTAS P/E
108.0×
Peer median P/E
53.8×
VOLTAS div yield
0.31%
Peer median yield
0.75%

VOLTAS share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of VOLTAS history (13%/yr drift, 33%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
VOLTAS 2027₹888₹1,369₹2,110+7%
VOLTAS 2028₹787₹1,459₹2,705+14%
VOLTAS 2029₹732₹1,555₹3,303+21%
VOLTAS 2030₹701₹1,657₹3,915+29%
VOLTAS 2031₹680₹1,766₹4,584+37%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability VOLTAS goes up, or doubles?

57%
Higher in 1 year
Modelled chance the price is above today in 12 months
66%
Higher in 5 years
Modelled chance the price is above today in 5 years
31%
Doubles in 5 years
Modelled chance of reaching ₹2,570 within 5 years

The bull case for VOLTAS

  • Voltas Limited is part of the nifty100 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,303.

The bear case & risks

  • VOLTAS's P/E of 108.0x is lower than 10% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • VOLTAS's return on equity of 6.1% ranks in the 33rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹732.

VOLTAS volatility & expected range, how bumpy is the ride?

Over the last 9.8 years VOLTAS compounded at 13%/year with annualized volatility of 33%. That volatility implies a 1-year 80% range of ₹888-₹2,110, the honest backbone behind any single price target.

VOLTAS price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
6.6%
80% range₹888-₹2,110
P(price ↑)57%
P(price 2×)3%
3-Year Forecast
2029
₹0
Median (P50)
21.0%
80% range₹732-₹3,303
P(price ↑)62%
P(price 2×)19%
5-Year Forecast
2031
₹0
Median (P50)
37.4%
80% range₹680-₹4,584
P(price ↑)66%
P(price 2×)31%

VOLTAS price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
VOLTAS simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds VOLTAS hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the VOLTAS price target & forecast page.

VOLTAS Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. VOLTAS scores 6/8, mixed financial health.

VOLTAS MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy VOLTAS with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox26.90%3.7×
Zerodha25.90%3.9×
Groww25.94%3.9×
Dhan24.00%4.2×
Kotak NeoCHEAPEST23.36%4.3×
Paytm Money23.58%4.2×
Pocketful30.63%3.3×
Fyers31.25%3.2×
Anand Rathi30.37%3.3×
Bajaj Broking25.00%4.0×
Share India30.43%3.3×

Compare every broker on the VOLTAS MTF page.

VOLTAS vs peers,Consumer comparison

StockP/EDiv yieldMarket cap
VOLTAS (this stock)108.0×0.31%₹42,519 Cr
ASIANPAINT53.8×1.01%₹2.62L Cr
TITAN75.2×0.30%₹4.39L Cr
HAVELLS48.5×0.78%₹80,830 Cr
PAGEIND56.3×1.38%₹44,504 Cr
BERGEPAINT50.4×0.75%₹61,862 Cr
KALYANKJIL42.8×0.25%₹62,616 Cr

Fundamentals from Screener.in, as of 9 Aug 2026

About Voltas Limited: sector, index & market-cap context

Voltas Limited (VOLTAS) is a mid-cap NSE-listed company in the Consumer sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹42,519 Cr. See more stocks on our screener.

How the VOLTAS Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Voltas Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

VOLTAS analysis, FAQs

Is Voltas Limited (VOLTAS) a good buy?

On the numbers, Voltas Limited (VOLTAS) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 108.0× earnings, ROE of 6.1%, a 57% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is VOLTAS overvalued or undervalued?

VOLTAS trades at 108.0× earnings versus a peer median of 53.8×, so it screens richer than its Consumer peers.

What is the VOLTAS share price target for 2031?

VOLTAS's probability-weighted 2031 median target is ₹1,766, with an 80% range of ₹680-₹4,584 (10,000-path Monte-Carlo).

What is the probability VOLTAS doubles in 5 years?

The modelled probability of VOLTAS reaching ₹2,570 (2×) within 5 years is 31%.

What is the bull case for VOLTAS?

Voltas Limited is part of the nifty100 universe with live, tracked fundamentals on Downstox.

What are the risks in VOLTAS?

VOLTAS's P/E of 108.0x is lower than 10% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. VOLTAS's return on equity of 6.1% ranks in the 33rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on VOLTAS