Voltas Stock Forecast

Stock Price Forecast

According to 35 analysts polled by S&P Global, Voltas stock has a consensus rating of "Hold" and an average price target of ₹1,337. The average 1-year stock price forecast is 0.47% lower than the current stock price, while the lowest is ₹1,025 (-23.70%) and the highest is ₹1,550 (+15.38%).

Price Target: ₹1,337 (-0.47%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹1,025	₹1,337	₹1,359	₹1,550
Change	-23.70%	-0.47%	+1.16%	+15.38%

* Price targets were last updated on May 15, 2026.

Analyst Ratings

The average analyst rating for Voltas stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	9	8	7	8	7	6
Buy	7	7	7	8	7	7
Hold	14	15	14	13	14	14
Sell	2	2	4	3	3	4
Strong Sell	3	3	3	3	3	3
Total	35	35	35	35	34	34

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sonali Salgaonkar Jefferies	Jefferies	Buy Maintains ₹1,550 → ₹1,530	Buy	Maintains	₹1,550 → ₹1,530	+13.89%	May 15, 2026
Unknown Analyst Motilal Oswal No rating	Motilal Oswal	Hold Maintains ₹1,390	Hold	Maintains	₹1,390	+3.47%	Dec 18, 2025

Financial Forecast

Revenue This Year

170.15B

from 142.45B

19.45%

from 142.45B

Revenue Next Year

197.43B

from 170.15B

16.04%

from 170.15B

EPS This Year

24.17

from 11.88

103.42%

from 11.88

EPS Next Year

33.65

from 24.17

39.22%

from 24.17

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	79.34B	94.99B	124.81B	154.13B	142.45B	170.15B
Revenue Growth	5.01%	19.72%	31.40%	23.49%	-7.58%	19.45%
Gross Profit	20.26B	21.06B	26.48B	34.49B	31.66B	38.11B
Gross Margin	25.54%	22.17%	21.22%	22.38%	22.23%	22.40%
Operating Income	6.70B	5.59B	4.54B	11.05B	6.41B	10.01B
Net Income	5.04B	1.35B	2.52B	8.41B	3.76B	7.97B
EPS	-	-	-	-	11.88	24.17
EPS Growth	-	-	-	-	-53.28%	103.42%
Forward PE	50.15	45.89	51.17	49.10	49.66	55.58
Dividend / Share	5.50	4.25	5.50	7.00	4.00	6.82
Dividend Growth	-	-22.73%	29.41%	27.27%	-42.86%	70.54%
Free Cash Flow	4.32B	-202.83M	6.69B	-4.83B	-1.27B	5.37B
No. Analysts	-	-	-	-	-	34

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	182.8B
Avg	170.1B
Low	158.6B

Revenue Growth

Revenue Growth	2027	2028	2029
High	28.3%
Avg	19.4%
Low	11.3%

EPS Forecast

EPS	2027	2028	2029
High	30.80
Avg	24.17
Low	17.50

EPS Growth

EPS Growth	2027	2028	2029
High	159.2%
Avg	103.4%
Low	47.3%