{"id":7905,"date":"2015-07-23T17:07:42","date_gmt":"2015-07-23T11:37:42","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7905"},"modified":"2015-07-23T17:13:58","modified_gmt":"2015-07-23T11:43:58","slug":"voltas-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/voltas-ltd\/7905","title":{"rendered":"Voltas Ltd"},"content":{"rendered":"<p style=\"text-align: justify;\">Voltas Ltd (Voltas), air-conditioning and engineering company, engaged in the\u00a0field of air conditioning and refrigeration. It is also in the business of electromechanical\u00a0projects as engineering, procurement and construction (EPC)\u00a0contractor both in domestic and international geographies (Middle East and\u00a0Singapore). Voltas is also in the business of engineering product services for\u00a0mining, water management and treatment, construction equipment and\u00a0textile industry.<\/p>\n<p><strong>Valuation and view<\/strong><\/p>\n<p style=\"text-align: justify;\">With improving market share in Indian AC industry, we believe\u00a0that Voltas is the best proxy to play the growth in the AC\u00a0industry. Improving margin and focus on high margin domestic\u00a0orders in the EMPS business segment of the company will\u00a0further support earnings. We believe that with new launches\u00a0across the UCP segment and entry into air cooler industry, the\u00a0company is expected to perform well in the coming quarters.\u00a0Considering the strong performance of the UCP business and\u00a0recovery in the EMPS segment, we remain positive on the\u00a0stock.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p style=\"text-align: justify;\">At the current market price (CMP) of Rs. 306, the stock trades\u00a0at an EV\/EBITDA of 19.5x FY16E and 14.7x FY17E. We\u00a0recommend \u2018BUY\u2019 with a target price of Rs. 348, which implies\u00a0a potential upside of ~14% to the CMP from 12 months\u00a0perspective.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/07\/Research-Report-Voltas-Ltd.pdf\">Research Report Voltas Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voltas Ltd (Voltas), air-conditioning and engineering company, engaged in the\u00a0field of air conditioning and refrigeration. It is also in the business of electromechanical\u00a0projects as engineering, procurement and construction (EPC)\u00a0contractor both in domestic and international geographies (Middle East and\u00a0Singapore). Voltas is also in the business of engineering product services for\u00a0mining, water management and treatment, construction equipment [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Voltas Ltd<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Voltas Ltd. On FundsIndia MarketPlace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Voltas Ltd\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Voltas Ltd. On FundsIndia MarketPlace\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-23T11:37:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-07-23T11:43:58+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#webpage\",\"url\":\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905\",\"name\":\"Voltas Ltd\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"datePublished\":\"2015-07-23T11:37:42+00:00\",\"dateModified\":\"2015-07-23T11:43:58+00:00\",\"description\":\"Find the latest research report on Voltas Ltd. On FundsIndia MarketPlace\",\"breadcrumb\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Voltas Ltd\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#article\",\"isPartOf\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#webpage\"},\"author\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656\"},\"headline\":\"Voltas Ltd\",\"datePublished\":\"2015-07-23T11:37:42+00:00\",\"dateModified\":\"2015-07-23T11:43:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#webpage\"},\"wordCount\":245,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"articleSection\":[\"Equity Research\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656\",\"name\":\"Equities Desk\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g\",\"caption\":\"Equities Desk\"},\"sameAs\":[\"http:\/\/www.fundsindia.com\"],\"url\":\"https:\/\/www.fundsindia.com\/blog\/author\/equities-desk\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Voltas Ltd","description":"Find the latest research report on Voltas Ltd. On FundsIndia MarketPlace","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905","og_locale":"en_US","og_type":"article","og_title":"Voltas Ltd","og_description":"Find the latest research report on Voltas Ltd. On FundsIndia MarketPlace","og_url":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905","og_site_name":"Insights","article_publisher":"https:\/\/www.facebook.com\/fundsindia","article_published_time":"2015-07-23T11:37:42+00:00","article_modified_time":"2015-07-23T11:43:58+00:00","twitter_misc":{"Written by":"Equities Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.fundsindia.com\/blog\/#organization","name":"Wealth India Financial Services","url":"https:\/\/www.fundsindia.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/fundsindia"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","width":189,"height":200,"caption":"Wealth India Financial Services"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.fundsindia.com\/blog\/#website","url":"https:\/\/www.fundsindia.com\/blog\/","name":"Insights","description":"Official blog of FundsIndia.com","publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#webpage","url":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905","name":"Voltas Ltd","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/#website"},"datePublished":"2015-07-23T11:37:42+00:00","dateModified":"2015-07-23T11:43:58+00:00","description":"Find the latest research report on Voltas Ltd. On FundsIndia MarketPlace","breadcrumb":{"@id":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fundsindia.com\/blog"},{"@type":"ListItem","position":2,"name":"Voltas Ltd"}]},{"@type":"Article","@id":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#article","isPartOf":{"@id":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#webpage"},"author":{"@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656"},"headline":"Voltas Ltd","datePublished":"2015-07-23T11:37:42+00:00","dateModified":"2015-07-23T11:43:58+00:00","mainEntityOfPage":{"@id":"https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#webpage"},"wordCount":245,"commentCount":0,"publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"articleSection":["Equity Research"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fundsindia.com\/blog\/equities\/voltas-ltd\/7905#respond"]}]},{"@type":"Person","@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656","name":"Equities Desk","image":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g","caption":"Equities Desk"},"sameAs":["http:\/\/www.fundsindia.com"],"url":"https:\/\/www.fundsindia.com\/blog\/author\/equities-desk"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/7905"}],"collection":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/comments?post=7905"}],"version-history":[{"count":2,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/7905\/revisions"}],"predecessor-version":[{"id":7909,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/7905\/revisions\/7909"}],"wp:attachment":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/media?parent=7905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/categories?post=7905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/tags?post=7905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}