---
title: "Voler Car Ltd (VOLERCAR) — Share Price, Financials & Analysis"
symbol: "VOLERCAR"
company: "Voler Car Ltd"
canonical: "https://tapetide.com/stocks/VOLERCAR"
isin: "INE241X01014"
nse_symbol: "VOLERCAR"
sector: "Services"
industry: "Transport Services"
market_cap_cr: 263.99
generated_at: "2026-09-13T20:15:48.714Z"
---

# Voler Car Ltd (VOLERCAR)

Canonical page: https://tapetide.com/stocks/VOLERCAR

## Company

- **NSE Symbol:** VOLERCAR
- **ISIN:** INE241X01014
- **Sector:** Services
- **Industry:** Transport Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-02-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** volercars.com

## About

Incorporated in 2010, Voler Cars Limited provides employee transportation services (ETS) to large MNCs and corporate clients.[1]

## Latest Price

- **Price:** ₹233.9
- **Change:** -3 (-1.27%)
- **Open:** ₹233.9
- **Day High:** ₹233.9
- **Day Low:** ₹233.9
- **Previous Close:** ₹236.9
- **Volume:** 8800
- **As Of:** 2026-09-11T06:18:58+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:35.152939Z.

- **Market Cap:** ₹263.99 Cr
- **Classification:** SME
- **P/E (reported):** 80
- **P/E (TTM):** 79.02
- **EPS (TTM):** ₹2.96
- **Book Value:** ₹36.35
- **Price to Book:** 6.52
- **Dividend Yield:** 0%
- **ROE:** 12.15%
- **ROCE:** 14.43%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹52.84 Cr
- **Net Income:** ₹3.47 Cr
- **EBITDA:** ₹2.22 Cr
- **52-Week High:** ₹292.9
- **52-Week Low:** ₹189
- **RSI (14):** 56.26

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 95%
- **Data coverage:** 90%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 86.12 | 9% |
| growth | 63.17 | 9% |
| momentum | 82.98 | 12% |
| ownership | 60.53 | 24% |
| quality | 59.12 | 22% |
| valuation | 20.32 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.2.67 Cr.
- Working capital days have increased from 42.5 days to 73.4 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -60.12% | -35.68% | -21.95% |
| ebitda margin growth | 50% | -67.92% | -76.93% | -65.1% |
| net income growth | 57.14% | -22.89% | 20% | -9% |
| revenue growth | 1.36% | 22.88% | 30% | 15% |
| roce | — | -93.31% | -88.46% | — |
| roe | — | -95.78% | 38.55% | -118.01% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10.13 | 11.37 | 9.82 | 11.08 | 12.35 | 13.89 | 12.65 | 13.95 | 14.21 |
| Expenses | 8.82 | 9.47 | 9.04 | 10.3 | 11.14 | 13.28 | 12.48 | 13.71 | 13.36 |
| Operating Profit | 1.31 | 1.9 | 0.78 | 0.78 | 1.21 | 0.61 | 0.17 | 0.24 | 0.85 |
| OPM % | 12.93 | 16.71 | 7.94 | 7.04 | 9.8 | 4.39 | 1.34 | 1.72 | 5.98 |
| Other Income | 0.01 | 0.23 | 0.06 | 0.45 | 0.59 | 0.57 | 0.69 | 0.74 | 0.67 |
| Interest | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.06 |
| Profit before tax | 1.25 | 2.1 | 0.81 | 1.2 | 1.77 | 1.15 | 0.82 | 0.93 | 1.46 |
| Tax % | 14.4 | 17.14 | 3.7 | 25 | 28.25 | 25.22 | 21.95 | 25.81 | 25.34 |
| Net Profit | 1.07 | 1.75 | 0.79 | 0.9 | 1.27 | 0.86 | 0.64 | 0.7 | 1.1 |
| EPS in Rs | 67 | 2.15 | 0.97 | 0.81 | 1.14 | 0.77 | 0.57 | 0.63 | 0.99 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 26.15 | 23.73 | 23.96 | 30.9 | 42.4 | 52.84 | 54.7 |
| Expenses | 19.97 | 21.99 | 23.04 | 26 | 37.63 | 50.61 | 52.83 |
| Operating Profit | 6.18 | 1.74 | 0.92 | 4.9 | 4.77 | 2.23 | 1.87 |
| OPM % | 23.63 | 7.33 | 3.84 | 15.86 | 11.25 | 4.22 | 3.42 |
| Other Income | 1.75 | 1.1 | 2.67 | 2.7 | 0.75 | 2.6 | 2.67 |
| Interest | 0.77 | 0.66 | 0.28 | 0.1 | 0.04 | 0.01 | 0 |
| Depreciation | 1.52 | 0.89 | 0.55 | 0.24 | 0.11 | 0.16 | 0.18 |
| Profit before tax | 5.64 | 1.29 | 2.76 | 7.26 | 5.37 | 4.66 | 4.36 |
| Tax % | 0 | 27.91 | 26.81 | -15.15 | 16.2 | 25.75 | — |
| Net Profit | 5.64 | 0.93 | 2.02 | 8.36 | 4.5 | 3.47 | 3.3 |
| EPS in Rs | 380.31 | 62.71 | 136.21 | 563.72 | 4.04 | 3.11 | 2.96 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.15 | 0.15 | 0.15 | 0.15 | 11.14 | 11.14 |
| Reserves | -8.51 | -3.26 | -1.24 | 2.76 | 25.89 | 29.36 |
| Borrowings | 8.69 | 5.55 | 3.8 | 1.19 | 0 | 0 |
| Other Liabilities | 12.95 | 8.91 | 8.45 | 6.58 | 6.76 | 5.81 |
| Total Liabilities | 13.28 | 11.35 | 11.16 | 10.68 | 43.79 | 46.31 |
| Fixed Assets | 2.15 | 0.93 | 0.47 | 0.31 | 0.29 | 1.3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.13 | 0.2 | 0 | 0 | 0 | 3 |
| Other Assets | 10 | 10.22 | 10.69 | 10.37 | 43.5 | 42.01 |
| Total Assets | 13.28 | 11.35 | 11.16 | 10.68 | 43.79 | 46.31 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 3.68 | 1.99 | 3.21 | 1.28 | -2.22 |
| Cash from Investing Activity | — | -0.17 | -0.08 | -0.15 | -23.77 | -3.32 |
| Cash from Financing Activity | — | -3.46 | -2.03 | -2.35 | 28.58 | 0 |
| Net Cash Flow | — | 0.05 | -0.12 | 0.7 | 6.1 | -5.54 |
| Free Cash Flow | — | 3.65 | 1.9 | 3.12 | 1.2 | -3.39 |
| CFO/OP | — | 259 | 224 | 45 | 12 | -5 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 70.35 | 25.99 | 36.26 | 43.71 | 38.57 | 42.62 |
| Cash Conversion Cycle | 70.35 | 25.99 | 36.26 | 43.71 | 38.57 | 42.62 |
| Working Capital Days | -48.43 | -56.76 | -33.97 | 7.91 | 46.14 | 73.43 |
| ROCE % | — | 136.46 | 118.06 | 152.72 | 25.38 | 12.05 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 92.88% | 67.87% | 67.87% | 67.87% |
| FIIs | 0% | 2.01% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 1.03% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 10.2% | 14.24% | 17.95% |
| Others | 7.12% | 19.91% | 17.89% | 13.15% |
| No. of Shareholders | 26 | 344 | 249 | 302 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 7 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 227.7 | Buy |
| EMA (10) | 230.91 | Buy |
| SMA (20) | 224.98 | Buy |
| EMA (20) | 227.45 | Buy |
| SMA (50) | 224.68 | Buy |
| EMA (50) | 226.65 | Buy |
| SMA (100) | 233.08 | Buy |
| EMA (100) | 227.14 | Buy |
| SMA (200) | 225.13 | Buy |
| EMA (200) | 214.46 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.38 | Neutral |
| MACD (12,26,9) | 3.25 | Buy |
| Stochastic (14,3,3) | 67.88 | Neutral |
| ADX (14) | 17.87 | Neutral |
| Williams %R (14) | -37.67 | Neutral |
| ATR (14) | 9.97 | High Volatility |
| ROC (12) | 4.42 | Buy |
| Stoch RSI (14) | 60.13 | Neutral |
| UO (7,14,28) | 56.86 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Voler Car clarifies auditor-signed issue proceeds disclosure was submitted on 7 Aug 2026. | [Reply to Clarification- Financial results 9 Sep - Voler Car clarifies auditor-signed issue proceeds disclosure was submitted on 7 Aug 2026.](https://nsearchives.nseindia.com/corporate/VOLER_02092026160516_ClarificationLetter.pdf) |
| 9 March 2026 - Onboarded Genpact India for corporate mobility; operations commence Mar 9, 2026 in Kolkata, Pune, Delhi (NCR), Bangalore. | [Updates 9 March 2026 - Onboarded Genpact India for corporate mobility; operations commence Mar 9, 2026 in Kolkata, Pune, Delhi (NCR), Bangalore.](https://nsearchives.nseindia.com/corporate/VOLER_09032026134535_VOLER09032026IntimationofNewClient.pdf) |
| 9 March 2026 - Feb'26 sales: Revenue ₹4.68 Cr, 25 clients, 45 locations; 32.58% YoY revenue growth | [Press Release 9 March 2026 - Feb'26 sales: Revenue ₹4.68 Cr, 25 clients, 45 locations; 32.58% YoY revenue growth](https://nsearchives.nseindia.com/corporate/VOLER_09032026163327_VOLER09032026MonthlySalesDisclosureReportFeb26.pdf) |
| 8 May 2026 - Voler Car reports no deviation in IPO proceeds utilisation for quarter and year ended 31 March 2026. | [Statement of deviation(s) or variation(s) under Reg. 32 8 May 2026 - Voler Car reports no deviation in IPO proceeds utilisation for quarter and year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/VOLER_08052026172210_Regulation32.pdf) |
| 8 May 2026 - Board approved FY26 audited results and reappointed internal auditor for FY27; audit report unmodified. | [Outcome of Board Meeting 8 May 2026 - Board approved FY26 audited results and reappointed internal auditor for FY27; audit report unmodified.](https://nsearchives.nseindia.com/corporate/VOLER_08052026163451_OutcomeofBoardMeeting.pdf) |
| 8 May 2026 - Auditor certified ₹2,038.25 lakh IPO working capital use; ₹1,902.06 lakh remains unutilized in FDs. | [Updates 8 May 2026 - Auditor certified ₹2,038.25 lakh IPO working capital use; ₹1,902.06 lakh remains unutilized in FDs.](https://nsearchives.nseindia.com/corporate/VOLER_08052026174247_Regulation262.pdf) |
| 7 Sep - Voler Car calls 16th AGM on 29 September 2026; remote e-voting from 25-28 September. | [Shareholders meeting 7 Sep - Voler Car calls 16th AGM on 29 September 2026; remote e-voting from 25-28 September.](https://nsearchives.nseindia.com/corporate/VOLER_07092026165528_IntimationVolerCarAnnualReport.pdf) |
| 7 Sep - Submitted newspaper ads for 16th AGM scheduled on 29 September 2026 via VC/OAVM. | [Copy of Newspaper Publication 7 Sep - Submitted newspaper ads for 16th AGM scheduled on 29 September 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/VOLER_07092026170106_CoverLetterNewspapaerAdvertisement.pdf) |
| 7 Sep - Company published AGM notice and e-voting information in Business Standard and Aajkal on 07.09.2026. | [Copy of Newspaper Publication 7 Sep - Company published AGM notice and e-voting information in Business Standard and Aajkal on 07.09.2026.](https://nsearchives.nseindia.com/corporate/VOLER_07092026172700_CopyofNewspaperPublication.pdf) |
| 7 Aug - Voler Car reports no deviation in ₹27 crore IPO proceeds use for quarter ended 30 June 2026. | [Statement of deviation(s) or variation(s) under Reg. 32 7 Aug - Voler Car reports no deviation in ₹27 crore IPO proceeds use for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/VOLER_07082026164209_Regulation32IPO30062026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31711_VOLERCAR_2025_2026_A_4544853_07092026173541.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29085_VOLERCAR_2024_2025_A_27185091_16092025120146.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Mar 2025 | [Concall - Mar 2025](https://nsearchives.nseindia.com/corporate/VOLER_24032025171238_InvestorPresentation.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:15:48.714Z.