Voltas has target of Rs 330, says Maximus Securities

Maximus Securities' report on Voltas

"Voltas has successfully undertaken and executed prestigious highvalue projects in the Middle East, Far East and South East Asia, CIS countries, and Africa. With manufacturing units at Thane, Dadra and Pantnagar, Voltas possesses total capability in the manufacture of room/split air conditioners, industrial air conditioning and refrigeration equipment, water coolers, commercial refrigerators, visicoolers and freezers, cranes, and construction equipment. All these products bear the stamp of state-of-the-art plant, machinery and processes, resulting in consistently high quality and reduced costs."

Valuations:"Considering the strong balance sheet, improving margins and earnings quality, we value Voltas with a P/E of 23.5xFY16E EPS to arrive at a target price of Rs. 330/share to be achieved within 18 months," says Maximus Securities research report.

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