Revenue distribution by sectors:

• Air conditioners and cooling devices: approx. 50%
• Electromechanical projects and services: approx. 30%
• Engineering products and services: approx. 20%

TOP 3 markets and their percentage shares:

• India: approx. 60%
• Middle East: approx. 25%
• Southeast Asia: approx. 10%

Voltas Limited generates the majority of its revenue from the sale of air conditioners and cooling devices, which accounts for about half of the total revenue. A significant portion of the income also comes from electromechanical projects and services, followed by engineering products.

The Indian market is the largest revenue contributor for Voltas, followed by the Middle East, where the company is heavily involved in projects and services. Southeast Asia is also an important market, especially for the export of air conditioners.

Production sites of Voltas Limited:

Voltas Limited mainly produces its products in India. The most significant production sites include:

1. Pantnagar, Uttarakhand: This facility is one of Voltas' largest production sites, specializing in the manufacturing of air conditioners and refrigeration systems.

2. Sanand, Gujarat: This factory is also focused on the production of air conditioners and plays a crucial role in the company's production capacity.

3. Waghodia, Gujarat: Various cooling and air conditioning devices are manufactured here.

Voltas has focused on strengthening its production capacities in India to meet local demand and leverage export opportunities. The company benefits from the strategic location of these production sites to efficiently supply both the domestic market and international markets.

Revenue Growth: Estimated 10-12% annually (2025 forecast)
Market Share in India: Approximately 25% in the air conditioning segment (2024)

Voltas Limited is pursuing a growth strategy that is heavily focused on expanding in the air conditioning and refrigeration appliances sector. The company aims to solidify and expand its market leadership in India by introducing new, energy-efficient products.

Another key focus is on geographical expansion into emerging markets in Asia and Africa to capitalize on the increasing demand for air conditioning solutions. Voltas is also investing in research and development to develop innovative technologies that reduce energy consumption and environmental impact.

In addition, Voltas is leveraging strategic partnerships and joint ventures to expand its product range and explore new distribution channels. These measures are intended to position the company to benefit from global trends towards sustainability and digitalization.

Main raw materials: Copper, Aluminum, Steel

Countries of origin:

• Copper: Chile, Peru
• Aluminum: China, Russia
• Steel: China, Japan

Voltas Limited, a leading company in the field of air conditioning and refrigeration technology, imports various raw materials that are essential for the production of their products. Copper is mainly sourced from Chile and Peru, as these countries are among the largest copper producers worldwide. Aluminum is primarily imported from China and Russia, as these countries are significant aluminum exporters. Steel imports mainly come from China and Japan, known for their steel production.

These import strategies enable Voltas to benefit from competitive prices and high material quality, which are crucial for the production of their high-quality products.

Market Share in India (2025): Approximately 24% in the air conditioning sector
EBITDA Margin (2024): 11.5%
R&D Expenses (2024): 2.1% of revenue

Voltas Limited has a significant competitive advantage, especially in the Indian air conditioning market, where the company holds a market share of about 24%. This demonstrates Voltas' strong market position in one of the fastest-growing markets in the world.

The EBITDA margin of 11.5% in 2024 indicates that Voltas operates efficiently and is able to generate solid profits. This is an indicator of the company's ability to control costs while generating high revenue.

Voltas continuously invests in research and development, as evidenced by the R&D expenses of 2.1% of revenue in 2024. These investments are crucial for developing innovative products and maintaining a technological edge.

In summary, Voltas Limited possesses a solid competitive advantage through its strong market presence, efficient operations, and continuous innovation efforts.

Institutional Investor Share: Approximately 40% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant transactions in the last 12 months (estimated for 2025)

The institutional investor share in Voltas Limited traditionally stands at around 35-45%. These investors include large investment funds and pension funds seeking long-term holdings.

Regarding insider transactions, there have been no significant buys or sells in recent years, indicating stable management confidence in the company's future development. Such transactions are often seen as an indicator of management's assessment of the company's performance.

Market share of Voltas Limited: 18% (2025, estimated)

Top 5 competitors and their market shares:

1. LG Electronics: 22%
2. Samsung Electronics: 20%
3. Voltas Limited: 18%
4. Blue Star Limited: 15%
5. Whirlpool Corporation: 10%

Voltas Limited has a significant market share in the air conditioning and refrigeration sector in India. The company's moat is based on its strong brand awareness, wide distribution network, and long-standing presence in the Indian market. Additionally, Voltas benefits from strategic partnerships and joint ventures that strengthen its market position.

Compared to its competitors, LG and Samsung have a broader moat due to their global presence and diversified product range. These companies can benefit from economies of scale and technological innovations that challenge Voltas in some areas.

Blue Star and Whirlpool, despite having smaller market shares, also pose strong competition through specialized products and targeted market strategies. Overall, Voltas has a respectable moat, but they must continuously invest in innovations and customer satisfaction to remain competitive against the global giants.

Revenue Growth: 10% (2024) EBITDA Margin: 12% (2024) Market Share in the Air Conditioning Segment in India: 24% (2024)

Voltas Limited recorded a revenue growth of 10% in 2024, driven by strong demand in the air conditioning and refrigeration sector. The EBITDA margin of 12% indicates that the company operates efficiently and manages its costs well.

Voltas holds a significant market share of 24% in the Indian air conditioning segment, highlighting its strong market position. This market leadership enables the company to benefit from the growing demand for air conditioners in India, especially given the rising temperatures and urbanization.

In addition, Voltas is investing in new technologies and sustainable solutions, increasing the potential for future growth and market share gains. Given these factors, Voltas Limited could be an attractive investment opportunity, especially for investors interested in participating in the growing Indian market.

Dividend Yield: 0.8% (2024) Dividend History: Regular payouts over the last 5 years

Voltas Limited has regularly distributed dividends to its shareholders in recent years, indicating a certain reliability in its dividend policy. However, the dividend yield of 0.8% in 2024 shows that the yield is relatively low compared to other companies.

The reliability of the distribution is supported by the stable financial performance and conservative payout policy of the company. However, investors should keep an eye on the overall market development and the company's strategy to better assess future payouts.