Voltas To Consider Dividend, Shares Near 52-Week Low; Buy?

Tata Group stock Voltas Ltd informed today about its upcoming meeting of Board of Directors scheduled to be held on May 7, 2025 to consider financial results for the quarter and year ended March 31, 2025 and recommend dividend, if any. Share price of Voltas settled 2.39% lower on Bombay Stock Exchange (BSE) as Sensex fell 46.14 points to end at 80,242 on April 30. Currently, the scrip is trading 36.57% down from 52-week high price of Rs 1946.20 at last trading price of Rs 1234.50 per share.

Meanwhile, the stock witnessed steep fall of 32.36% year-to-date as muted demand in April occurred due to delayed summer, in particular the southern markets, impacted sales of fans, air conditioners, and other cooling products. Meanwhile, the company has a market capitalisation of Rs 40,847.72 crore. The company has a return on equity (ROE) at 9.42%. Life Insurance Corporation Of India (LIC) has 1.88% stake in Voltas with 6,224,297 shares of the firm. Check key details below:

Voltas To Consider Financial Results, Dividend

According to BSE filing of Voltas dated May 1, 2025, “We inform that a Meeting of the Board of Directors of the Company will be held on Wednesday, 7th May, 2025 to consider and approve the Audited Financial Results of the Company (Standalone and Consolidated) for the quarter and year ended 31st March, 2025 and recommend dividend, if any, for the year ended 31st March, 2025.” The company has yet to fix the record date for dividend.

Voltas Dividend History

Voltas recommended a total of 23 dividends since 2003. In last 1-year, Voltas announced an equity dividend of Rs 5.50 per share. At the current share price of Rs 1234.50 per share, Voltas offers a dividend yield of 0.44%.

Voltas Shares Performance

The 52-week high of Voltas Limited share price on BSE stood at Rs 1946.20 per share (as on 20/09/2024) and 52-week low price is Rs 1,135.55 per share (as on 01/02/2025), respectively. Voltas shares slipped 15.36% in last 1-month, plunged 27.2% in last 6-months, and fell 16.31% in last 1-year. In last 2-years, the stock turned green as shares rallied 54.52% and delivered returns of 144.07% in last 5-years.

Should You Buy Voltas Shares?

Leading brokerage firm Jefferies recommended buy call with target price of Rs 1,990 on Voltas. The analyst said, “We estimate Voltas growth to normalize in Q4FY25e vs its 9MFY25 rate, factoring significant high base LY. RAC volumes grew by +72%YoY in Q4FY24. We estimate Voltas FY25e topline growth at +25%YoY (+29% in 9MFY25) and OPM at 7.2% (7.4% in 9MFY25). Voltas Unitary Cooling Products’ (UCP) sales grew by +42% YoY vs comparable +27%YoY for Bluestar.”

Brokerage firm Nuvama too recommended buy rating with target price of Rs 1810 per share. Meanwhile, Prabhudas Lilladher downgraded Voltas from buy to accumulate with target price of Rs 1,593.

Disclaimer: The stock has been picked from the brokerage report of Prabhudas Lilladher, Jefferies, and Nuvama. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.