5
Volga Air Technics
531350 BSE
Volga Air Technics
Consumer Discretionary BSE: 531350 Consumer Durables
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
1- Company has low interest coverage ratio.
Growth Rate
Net Income Growth
-500% lower than
5Y
Quarterly Results
| Particulars | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.1 | 4.51 | 7.63 | 17.91 | 9.73 | 4.44 | 7.35 | 15.81 | 5.56 | 4.8 | 11.54 | 17.55 | 6.01 |
| Expenses | 6.22 | 4.27 | 1.82 | 7.64 | 9 | 5.39 | 4.45 | 6.82 | 4.8 | 6.92 | 6.34 | 7.22 | 6.61 |
| Operating Profit | 0.88 | 0.24 | 5.81 | 10.27 | 0.73 | -0.95 | 2.9 | 8.99 | 0.76 | -2.12 | 5.2 | 10.33 | -0.6 |
| OPM % | 12.39% | 5.32% | 76.15% | 57.34% | 7.5% | -21.4% | 39.46% | 56.86% | 13.67% | -44.17% | 45.06% | 58.86% | -9.98% |
| Other Income | 0.47 | -6.62 | -1.01 | 0.05 | 0.3 | 1.74 | 0.02 | 0.11 | 0.34 | 1.83 | 0.01 | 0.19 | 1.85 |
| Interest | 0.92 | 0.43 | 1.31 | 1.87 | 0.66 | 0.44 | 0.43 | 0.56 | 0.42 | 0.53 | 0.27 | 2.38 | 0.18 |
| Depreciation | 0.37 | 0.03 | 2.06 | 4.43 | 0.3 | 0.32 | 1.04 | 4.51 | 0.74 | 1.09 | 2.42 | 3.61 | 0.84 |
| PBT | 0.06 | -6.84 | 1.43 | 4.02 | 0.07 | 0.03 | 1.45 | 4.03 | -0.06 | -1.91 | 2.52 | 4.53 | 0.23 |
| Tax % | 0% | 264.62% | -22.38% | -23.13% | 200% | -2000% | -16.55% | -9.43% | 0% | 149.74% | -2.38% | -1.1% | -56.52% |
| Net Profit | 0.06 | -24.93 | 1.75 | 4.96 | -0.07 | 0.63 | 1.69 | 4.42 | -0.07 | -4.77 | 2.57 | 4.57 | 0.36 |
| EPS in Rs | 0.01 | -1.55 | 0.09 | 0.31 | 0 | 0.04 | 0.1 | 0.27 | 0 | -0.3 | 0.14 | 0.29 | 0.03 |
Profit & Loss
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.04 | 2.71 | 3.33 | 2 | 1.79 | 0.01 | 0 | 0 | 0 |
| Expenses | 2.2 | 4.81 | 3.69 | 2.34 | 2.62 | 0.17 | 0.05 | 0.07 | 0.06 |
| Operating Profit | -0.16 | -2.1 | -0.36 | -0.34 | -0.83 | -0.16 | -0.05 | -0.07 | -0.06 |
| OPM % | -7.84% | -77.49% | -10.81% | -17% | -46.37% | -1600% | — | — | — |
| Other Income | 0.52 | 0.64 | 0.48 | -0.06 | 0.05 | 0.19 | 0.01 | 0.06 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.32 | 0.27 | 0.19 | 0.2 | 0.17 | -0.01 | 0 | 0 | 0 |
| PBT | 0.04 | -1.73 | -0.07 | -0.6 | -0.95 | 0.04 | -0.04 | -0.01 | -0.06 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 0.04 | -1.73 | -0.07 | -0.6 | -0.95 | 0.04 | -0.04 | -0.01 | -0.06 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 |
| Reserves | -14.42 | -16.71 | -16.8 | -17.41 | -18.38 | -18.35 | -18.39 | -18.4 | -18.46 |
| Borrowings | 13.09 | 10.76 | 10.62 | 10.71 | 10.92 | 11.13 | 11.24 | 11.55 | 11.59 |
| Other Liabilities | 1.17 | 1.04 | 1.14 | 1.43 | 1.83 | 1.51 | 1.6 | 1.15 | 1.14 |
| Total Liabilities | 7.97 | 3.22 | 3.09 | 2.86 | 2.5 | 2.42 | 2.58 | 2.43 | 2.4 |
| Fixed Assets | 7.4 | 2.59 | 2.6 | 2.43 | 2.3 | 2.25 | 2.26 | 2.26 | 2.26 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.03 | 0.03 | 0.03 |
| Other Assets | 0.57 | 0.63 | 0.49 | 0.43 | 0.2 | 0.14 | 0.29 | 0.14 | 0.11 |
| Total Assets | 7.97 | 3.22 | 3.09 | 2.86 | 2.5 | 2.42 | 2.58 | 2.43 | 2.4 |
Cash Flow
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.34 | 0.58 | 0.31 | -0.03 | -0.21 | -0.24 | 0.1 | -0.47 | -0.06 |
| Investing | -0.03 | 1.72 | -0.22 | -0.04 | -0.04 | 0.03 | -0.15 | 0.15 | 0 |
| Financing | -0.33 | -2.26 | -0.13 | 0.08 | 0.22 | 0.2 | 0.11 | 0.32 | 0.03 |
| Net Cash Flow | -0.02 | 0.04 | -0.04 | 0.01 | -0.03 | -0.01 | 0.06 | 0 | -0.03 |
| Free Cash Flow | 0.31 | 2.3 | 0.09 | -0.07 | -0.25 | -0.22 | 0.1 | -0.47 | -0.06 |
| CFO/OP | -212 | -28 | -86 | 9 | 25 | 150 | -200 | 743 | 100 |
Ratios
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 17.89 | 14.82 | 21.92 | 31.02 | 14.27 | 2,190 | — | — | — |
| Inventory Days | 279 | 274 | 81.64 | 81.11 | 13.83 | 0 | — | — | — |
| Days Payable | 408 | 302 | 187 | 351 | 207 | — | — | — | — |
| Cash Conversion Cycle | -111 | -13.26 | -83.74 | -239 | -179 | 2,190 | — | — | — |
| Working Capital Days | -111 | -63.3 | -73.44 | -188 | -332 | -52,195 | — | — | — |
| ROCE % | — | -40.31% | -15.01% | -30.18% | -90.48% | 7.59% | -4.23% | -0.88% | -4.72% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Volga Air Technics insights
29 extracted metrics + investor summaries across FY06–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
1h - Authorized share capital increased from Rs.175 Cr to Rs.275 Cr (17.5 crore to 27.5 crore shares), approved 05-Mar-2026. 1h - Authorized share capital increased from Rs.175 Cr to Rs.275 Cr (17.5 crore to 27.5 crore shares), approved 05-Mar-2026.
2
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 Feb - Q3 results; rights issue INR49.42cr; board approved authorized capital rise, overseas bond up to 70 million, borrowing increase to INR1,500cr. 5 Feb - Q3 results; rights issue INR49.42cr; board approved authorized capital rise, overseas bond up to 70 million, borrowing increase to INR1,500cr.
4
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Feb - Indowind posted Q3 FY26 earnings-call audio for quarter and nine months ended Dec 31, 2025 on website. 3 Feb - Indowind posted Q3 FY26 earnings-call audio for quarter and nine months ended Dec 31, 2025 on website.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Jan - 9M FY26 EBITDA +29.4%; rights raised ₹49.42cr; proposes USD70m raise, ₹57.8cr Everon investment. 30 Jan - 9M FY26 EBITDA +29.4%; rights raised ₹49.42cr; proposes USD70m raise, ₹57.8cr Everon investment.
Frequently Asked Questions about Volga Air Technics
What does Volga Air Technics Ltd do?
Volga Air Technics Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in the manufacture of Air Handling Equipments such as Fan Blades and Blower Impellers, Air Conditioners, A.C. Kits, Air Purifiers/Air Curtains and Water Coolers
Where is Volga Air Technics Ltd (531350) listed?
Volga Air Technics Ltd trades under code 531350 on the BSE.
Which sector does Volga Air Technics Ltd belong to?
Volga Air Technics Ltd is classified under the Consumer Discretionary sector, in the Consumer Durables industry.
Company Information
Volga Air Technics Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in the manufacture of Air Handling Equipments such as Fan Blades and Blower Impellers, Air Conditioners, A.C. Kits, Air Purifiers/Air Curtains and Water Coolers
Website volgasolar.com
Face Value ₹ 10
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