Voler CarShare price, financial results, shareholding and management
- Market cap
- ₹339 cr
- Stock P/E
- 97.6peers 10.4
- Book value
- ₹36.3
- Price to book
- 8.37
- EV / operating profit
- 140.1
- Market cap to sales
- 6.41
- ROCE · FY26
- 12.1%
- ROE · FY26
- 9.0%
- ROE, 3-year average
- 15.8%
- Operating margin · FY26
- 4.2%peers 14.5%
- Sales growth, 3 years
- 30.2%
- Profit growth, 3 years
- 19.8%
- Debt to equity
- 0.00peers 0.47
- Borrowings
- ₹0 cr
- Interest cover
- 468.0×
- Cash from business / op. profit
- -100%
- Debtor days
- 43
- Pledged
- 0.00%
- Promoter holding
- 67.87%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 302
- 52-week high / low
- ₹310 / ₹189
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Voler Car share price chart
Close on 6 Nov 2026 · +0.88% on the day · Vol 53,600
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +38.8%
- 3 months
- +38.2%
- 6 months
- +26.4%
- 1 year
- +39.1%
- Since IPO
- +237.8%
- Traded a day, 20 days
- ₹2.28 cr
- Taken for delivery
- 78%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +25% | -23% |
| 3 years, a year | +30% | +20% |
| Latest half, H2 FY26 | +27% | -20% |
About Voler Car: business, products and customers
Voler Car runs daily cab transport between home and office for the staff of large companies, mostly in information technology and business outsourcing. Its shares trade on NSE Emerge.
Voler Car plans routes, supplies checked cabs and drivers and tracks every trip for its corporate clients, with round the clock support at each client site. Most of the cabs belong to vendors and their drivers rather than to the company, and clients are mostly billed per employee carried, so revenue follows the number of people who come to office. Wipro has been a client since the company began in 2010, and its presentations name TCS, Cognizant and IBM among its other clients.
The company began in Kolkata in 2010 as Jamuna Travels Private Limited and took the Voler Car name in 2015. A self drive rental business started in 2015 was shut in 2019, and the company left Chennai in 2019 and Hyderabad and Bangalore in 2022 before adding Delhi NCR in 2024 and Jaipur, Lucknow and Ludhiana in 2025.
Read more about the business
Voler Car listed on NSE Emerge on 18 February 2025, raising ₹27.0 cr. Revenue from operations was ₹42.4 cr in FY25 against ₹30.9 cr in FY24, and profit after tax was ₹4.5 cr.
From the offer document, the FY25 annual report and the March 2025 and February 2026 investor presentations.
Read the deeper study ↓In its favour
- Sales have grown fast: 30% a year over three years.
- It has little debt for its size: debt to equity 0.00.
- The promoters own a large part of the company: 67.87%.
To watch
- Wipro's share of revenue, 64.30% in the six months to September 2024 (Offer document, p.32).
- Progress on the Vision 2027 goals of 40% electric, hybrid or CNG fleet and more than 150 cities (Annual report FY25, p.8).
- Use of the up to ₹20.4 cr of IPO money set for working capital (Offer document, p.25).
- The pending complaint by Tata Motors Finance over a dishonoured ₹0.24 cr cheque, which names the company and both promoters (Offer document, p.216).
- It paid no dividend in the past year.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Voler Car revenue and profit growth
Half-yearly results · Profit and lossSales have grown fast. Last year profit fell even as sales rose, so the company kept less from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Voler Car half-yearly results
SME companies report every six months · ₹ crore
| H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|
| Sales | 20.90 | 26.24 | 26.61 |
| Expenses | 19.34 | 24.42 | 26.19 |
| Operating profit | 1.56 | 1.82 | 0.41 |
| OPM | 7.5% | 6.9% | 1.6% |
| Interest | 0 | 0 | 0 |
| Depreciation | 0.05 | 0.06 | 0.10 |
| Profit before tax | 2.02 | 2.92 | 1.75 |
| Net profit | 1.68 | 2.13 | 1.34 |
Voler Car profit and loss
Full years to March, FY21 to FY26 · ₹ crore, consolidated where reported
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Sales | 26.15 | 23.73 | 23.96 | 30.90 | 42.40 | 52.84 |
| Expenses | 19.97 | 21.99 | 23.04 | 26 | 37.63 | 50.62 |
| Operating profit | 6.18 | 1.74 | 0.92 | 4.90 | 4.77 | 2.23 |
| OPM | 23.6% | 7.3% | 3.8% | 15.9% | 11.3% | 4.2% |
| Other income | 1.75 | 1.10 | 2.67 | 2.70 | 0.59 | 2.60 |
| Interest | 0.77 | 0.66 | 0.28 | 0.10 | 0.04 | 0.01 |
| Depreciation | 1.52 | 0.89 | 0.55 | 0.24 | 0.11 | 0.16 |
| Profit before tax | 5.64 | 1.29 | 2.76 | 7.26 | 5.37 | 4.67 |
| Tax rate | 0.0% | 27.9% | 26.8% | -15.2% | 16.2% | 25.7% |
| Net profit | 5.64 | 0.93 | 2.02 | 8.36 | 4.50 | 3.47 |
| EPS ₹ | 380.31 | 62.71 | 136.21 | 563.72 | 5.30 | 3.11 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY24) comes from tax charged on a small or negative profit, as reported.
Earnings per share before FY25 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Voler Car profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a moderate return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Operating margin | 23.6% | 7.3% | 3.8% | 15.9% | 11.3% | 4.2% |
| Tax rate | 0.0% | 27.9% | 26.8% | -15.2% | 16.2% | 25.7% |
| ROCE | · | 140.8% | 118.1% | 216.2% | 26.3% | 12.1% |
| ROE | · | · | · | · | 22.5% | 9.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Voler Car debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. It has almost no borrowings. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and drew on its cash. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Voler Car balance sheet
At each 31 March · ₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| 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 |
| Net worth | -8.36 | -3.11 | -1.09 | 2.91 | 37.03 | 40.50 |
| Borrowings | 8.69 | 5.55 | 3.80 | 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 | 1.30 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.13 | 0.20 | 0 | 0 | 0 | 3 |
| Other assets | 10 | 10.22 | 10.69 | 10.37 | 43.50 | 42.01 |
| Receivables | · | · | · | · | 4.48 | 6.17 |
| Inventory | · | · | · | · | 0 | 0 |
| Cash | · | · | · | · | 31.09 | 26.41 |
| Trade payables | · | · | · | · | 2.53 | 1.56 |
Voler Car cash flow
₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | · | 3.68 | 1.99 | 3.21 | 1.28 | -2.22 |
| Cash from investing | · | -0.17 | -0.08 | -0.15 | -23.77 | -3.32 |
| Cash from financing | · | -3.46 | -2.03 | -2.35 | 28.58 | 0 |
| Net cash flow | · | 0.05 | -0.12 | 0.71 | 6.09 | -5.54 |
| Capital spending | · | · | · | · | 0.08 | 1.17 |
Working capital
Days
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Debtor days | 70 | 26 | 36 | 44 | 39 | 43 |
| Cash conversion cycle | 70 | 26 | 36 | 44 | 39 | 43 |
| Working capital days | -48 | -57 | -34 | 8 | 46 | 53 |
Voler Car peers and competitors
Listed SME companies in the same industryBy sales, Voler Car is number 40 of the 50 listed SME companies in transport services.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Destiny Logistics & Infra | 226 | 66.4 | 79.2 | 3.4 | 4.2% | 0.19 |
| Transvoy Logistics India | 29 | 16.8 | 64.9 | 1.7 | 10.0% | 3.11 |
| Fly-Hi Maritime Travels | 52 | 6.2 | 62 | 8.4 | 20.6% | 0.72 |
| Brace Port Logistics | 70 | 15.8 | 61.6 | 4.4 | 8.3% | 0.01 |
| BLT Logistics | 13 | 3.4 | 56.2 | 3.8 | 17.2% | 0.48 |
| Voler Car | 339 | 97.6 | 52.8 | 3.5 | 4.2% | 0.00 |
| Apana Logistics | 32 | 5.4 | 30.9 | 5.9 | 36.8% | 0.31 |
| PDP Shipping & Projects | 15 | 12.3 | 27.9 | 1.3 | 6.7% | 0.00 |
| DRS Cargo Movers | 16 | 7.5 | 26.7 | 2.2 | 27.7% | 1.05 |
| Dhillon Freight Carrier | 12 | 8.6 | 25.3 | 1.4 | 11.8% | 0.46 |
| Sunsky Logistics | 45 | 15.9 | 25.3 | 2.9 | 18.0% | 0.63 |
| Median of the 10 others | 31 | 10.5 | 43.5 | 3.1 | 14.5% | 0.47 |
Voler Car shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders has come down.
Voler Car shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Feb 25 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|
| Promoters | 67.87% | 67.87% | 67.87% | 67.87% |
| Foreign investors (FIIs) | 2.94% | 2.01% | - | - |
| Indian institutions (DIIs) | 7.65% | 6.12% | 0.83% | 1.03% |
| HNIs (over ₹2 lakh each) | 5.35% | 4.44% | 8.37% | 11.48% |
| Small holders (up to ₹2 lakh) | 11.75% | 5.76% | 5.86% | 6.46% |
| Companies and others | 4.44% | 13.80% | 17.07% | 13.16% |
| Number of shareholders | 828 | 344 | 249 | 302 |
The named holders are at 31 March 2026, beside 30 Sept 2025, each under the group the pattern files them in.
Voler Car study: the business from its own documents
Read from 5 of the company's own documentsVoler Car so far
From the company's own record
- 19 Feb 2025Listed on NSE Emerge at ₹90
- 31 March 2026Promoters at 67.87%
- 6 Nov 2026Highest close since listing, ₹304.00
Voler Car key facts from the filings
Each figure with the document it comes from
- Largest client
- 64.30%
- Wipro's share of revenue in the six months to September 2024; it was 81.41% in FY22.Offer document, p.32 to 33
- Top ten clients
- 99.73%
- Share of revenue from the ten largest clients in the six months to September 2024.Offer document, p.32
- Trips
- 3,23,550
- Trips completed in FY24, more than 884 a day; daily trips passed 1,183 in FY25 up to November 2024.Offer document, p.109
- Fleet
- 2,944 vehicles
- Fleet in the FY25 annual report, most of it sourced from vendors; the February 2026 presentation counts over 3,000 vendor vehicles.Annual report FY25, p.7; Investor presentation, February 2026, p.8
- How it charges
- Per boarded employee
- Clients pay per employee per seat for the days actually travelled, with contracts of about four to five years.Investor presentation, February 2026, p.18
Show 5 more facts
- Getting paid
- 7 to 30 days
- The usual payment cycle after invoicing, with no payment defaults by any client stated.Investor presentation, February 2026, p.24
- IPO money
- ₹27.0 cr
- Raised in February 2025; the offer document set up to ₹20.4 cr of it for working capital.Annual report FY25, p.11; Offer document, p.25
- Debt and cash
- ₹31.1 cr cash
- Cash and cash equivalents at March 2025, when the company stated it was debt free.Annual report FY25, p.11
- Electric cabs
- 15.16%
- Share of the fleet that was electric in FY25, 454 vehicles; the company aims for 40% electric, hybrid and CNG by 2027.Annual report FY25, p.8
- Nine months to December 2025
- ₹38.9 cr
- Revenue against ₹31.3 cr a year earlier, while profit after tax was ₹2.77 cr against ₹3.44 cr.Investor presentation, February 2026, p.35
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company gives no figures for future sales or profit. Its FY25 annual report sets out a Vision 2027 plan: 40% of the fleet electric, hybrid or CNG, a presence in more than 150 cities, and seat occupancy above 70%. It also says it aims for new cities to break even within their first year, and plans to add clients, cabs and sales staff in cities such as Chennai, Bangalore, Hyderabad, Chandigarh and Surat.
| What management said | When | What happened |
|---|---|---|
| New cities to reach break even within their first year | Annual report FY25 | Nine month profit to December 2025 fell to ₹2.77 cr from ₹3.44 cr while revenue rose |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Voler Car earns a fee for every employee it carries and pays cab owners for the trips, keeping the gap, so it needs few assets of its own.
Its weak spots are a single client that brings in most of its revenue, a thin margin between what clients pay and what cab owners charge, and a history of leaving and re-entering cities.
WatchCan it set its own prices?Contracts are won through client tenders on price and quality. Leaning on a few clients leaves little room to push rates up.
AverageHow strong is it against rivals?Long service to large companies counts for a lot, and it is often the only or largest cab vendor at a site. It is still small in a crowded field.
WatchWho are its customers?The clients are large, well known companies that pay on time. One of them, Wipro, brings in most of the revenue.
StrongDoes it need a lot of money?Vendors own most of the cabs, so the business needs little money for vehicles. The share issue left it with cash and no debt.
AverageCan it keep finding new work?More companies hand staff transport to specialists, and the company is opening new cities. It has also shut cities and a whole business line before.
AverageDo good and bad years swing a lot?Trips depend on how many employees come to office, so work from home cut demand before. Sales have mostly grown since offices reopened.
Who runs Voler Car?
Promoters, directors and officers; tap a name for the background
PPPawan ParasrampuriaPromoter, Chairman and Managing Director
Director since June 2010 and Managing Director for five years from 27 March 2024. Bachelor of Commerce from St. Xavier's College, University of Calcutta. Over 14 years in the corporate and travel service industry, after 22 years in real estate and logistics for the steel and energy sectors; co-founded the company in 2010.
Offer document, p.132 to 134; Investor presentation, February 2026, p.6 and p.33VPVikas ParasrampuriaPromoter and Whole Time Director
Director since August 2010 and Whole Time Director for five years from 1 April 2024. Master of Business Administration from ICFAI University, Dehradun and Bachelor of Commerce from the University of Calcutta, with over 13 years in corporate and travel services; oversees daily operations and business development with key clients. The offer document states that Vikas Parasrampuria is the son of Pawan Parasrampuria.
Offer document, p.109, p.132 to 134SPSachin PunniNon Executive Director
Director since 5 April 2024. Bachelor of Technology from Punjab Technical University and Master of Business Administration from ICFAI University, Dehradun, with over 9 years in operations management; oversees client acquisition, site monitoring and business development.
Offer document, p.132 to 134SGShristi GargIndependent Director
Independent Director for five years from 29 June 2024. Fellow member of the Institute of Company Secretaries of India and a practising company secretary in company law, taxation and FEMA, with over 7 years of experience.
Offer document, p.133 to 134PJPankaj JhawarIndependent Director
Independent Director for five years from 29 June 2024. Member of the Institute of Company Secretaries of India and a practising company secretary, with more than 8 years in secretarial law.
Offer document, p.133 to 134Voler Car latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹26.6 cr (+27%), net profit ₹1.3 cr (-20%) on H2 FY25.
- Shareholding, 31 March 2026: promoters unchanged at 67.87%.
Voler Car announcements
30 on record, latest first; each opens the filing on the exchange
- Shareholders meetingof Scrutinizer report of Annual General Meeting held on September 29, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 29, 2026PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Analysts/Institutional Investor Meet/Con. Call UpdatesOutcome of the Analyst/Institutional Investors meeting held on September 25, 2026PDF ↗
- Analysts/Institutional Investor Meet/Con. Call UpdatesSchedule of meetPDF ↗
- Reply to Clarification- Financial resultsThe Exchange had sought clarification from Voler Car Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations anPDF ↗
- Copy of Newspaper PublicationNewspaper Advertisement for 16th Annual General Meeting (AGM) of the companyPDF ↗
- Copy of Newspaper PublicationNewspaper Advertisement for 16th Annual General Meeting (AGM) of the companyPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 29, 2026PDF ↗
- Change in AuditorsOf the companyPDF ↗
- AppointmentOf Damle Dhandhania & Co. as Statutory Auditor of the company w.e.f. September 05, 2026PDF ↗
- Record Datethat Record date for the purpose of Notice of Book Closure for purpose of Annual General Meeting is 22-Sep-2026PDF ↗
Voler Car annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
- 28 Feb 2026 ↗read
- 31 March 2025 ↗read
Voler Car share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Voler Car's data · 10
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iNet profit is above profit before tax in FY24: a tax credit or a share of associates' profit, as reported.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,11,43,527 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY24 (₹563.72) and FY25 (₹5.30) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY21 to FY26.
- iPrices run to the close on 13 Oct 2026, from the exchange's daily figures.
Questions people ask about Voler Car
What does Voler Car do?
Voler Car runs daily cab transport between home and office for the staff of large companies, mostly in information technology and business outsourcing. Its shares trade on NSE Emerge.
What is the share price of Voler Car?
₹304 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Voler Car?
₹339 cr at the close on 6 Nov 2026, on 1,11,43,527 shares.
What is the P/E of Voler Car?
97.6 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Voler Car's revenue and profit?
Revenue ₹53 cr and profit after tax ₹3 cr in FY26.
Who are the promoters of Voler Car?
Pawan Parasrampuria, Vikas Parasrampuria; promoters held 67.87% at 31 March 2026.
What was the IPO price of Voler Car?
₹90 a share; it listed on 19 Feb 2025.
What is Voler Car's website?
www.volercars.com
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Every listed SME company in Transport Services → · SME companies listed in 2025 →
Built from 2 investor presentations, 2 annual reports, 1 offer document, 30 exchange announcements, 4 shareholding patterns and 6 years of reported results. Every figure carries its source; where the documents are silent, the page says so.