Voler Car Ltd(VOLERCAR)

NSE: VOLERCAR

₹ 282-2.89%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 314 crUpdated: 24 Oct 2026

About

Voler Car Ltd provides Employee Transportation Services (ETS) to multinational and corporate clients across India. Its other B2B mobility offerings are rental cars, a Quick Response Team, and events and exhibitions. In FY26 it reported revenue of 52.84 Cr and ran a fleet of 3,746 vehicles across 16 cities, about 99% of them sourced from vendors.^[1][2]

Business and services

Single reported segment, transportation services, with sale of services of ₹5,284.41 lakh in FY26.^[1]
Four B2B mobility offerings as of FY26: Employee Transportation Services, Rental Cars, Quick Response Team, and Events & Exhibitions.^[1]
Core ETS service provides home-to-office-to-home transport for corporate employees.^[1]
A new vertical for QRT, events and exhibitions was added in FY26.^[3]

Fleet and operating model

Fleet of 3,746 vehicles, including 569 EVs, as of FY26, compared with 2,994 vehicles including 454 EVs in FY25.^[1][4]
Asset-light model: about 99% of the operating fleet was vendor-sourced in FY26.^[1]
Drivers bear fuel and maintenance costs. The company also has 4 leased EV cars, per the Q3 FY26 call.^[5]
Internal combustion engine vehicles fell to 27.3% of the fleet in Feb-26, from 36.3% in Apr '25.^[3]
Every vehicle and driver goes through a 55-point compliance check before deployment.^[1]
Permanent headcount rose from 89 to 115 as of 31 March 2026. A COO was appointed in FY26.^[1]

Reach and operating numbers

Present in 16 cities as of FY26, compared with 9 cities cited in the Q3 FY25 call.^[1][6]
The Q3 FY25 call cited 1,183+ trips per day and 14 corporate clients.^[6]
ETS was started in Jaipur, Lucknow, Ludhiana, Bihar and Bangalore during 2025.^[3][5]

Customers and contracts

Long-standing clients as of the Q3 FY25 call: Wipro and TCS for 14 years each, Teleperformance for 10 and Cognizant for 7.^[6]
Wipro Kolkata is the largest single deployment, where employees rated the service 4.73 out of 5 (FY26).^[1]
Added 40 client groups in FY 2025-26, and cross-sold rental services to 80+ existing transportation clients.^[1]
Client base spans IT & ITES, manufacturing, BFSI, aviation, hospitality, real estate, telecom, media, e-commerce, engineering and events.^[1]
Contracts are priced per boarded employee, per trip or by distance run. Contract life is about 4-5 years and the client payment cycle is 7-30 days.^[1][5]
The FY26 annual report names concentration in larger enterprise accounts as a risk.^[1]

Expansion plans

Plans to expand into Chennai, Bangalore, Hyderabad, Chandigarh and Surat, with further expansion planned in Nagpur.^[3]
FY25 annual report targets 40% EV penetration by 2027.^[4]
FY25 annual report targets breakeven within the first year in each new city.^[4]
Vision 2027 aims to scale geographic footprint, technology, utilisation and sustainable mobility.^[1]
FY25 annual report notes increased investment in AI routing and unified platforms.^[4]

Recent developments

Q3 FY25: won an ETS contract with Motherson Air Travel Agencies in Bihar, estimated at Rs 3 crore+ monthly revenue and a minimum of 500 vehicles.^[6]
Q3 FY25: a Teleperformance contract in Bangalore marked the company's first entry into South India.^[6]
Received the Wipro WISE Award 2026 for carbon emission savings through EV deployment.^[3]
FY25 annual report states that the self-drive car initiative did not succeed.^[4]

Market Cap

₹314 Cr

High / Low

₹310 / 189

Stock P/E

84.8

Price / Book

7.3

Book Value

₹36

EPS

₹3.1

No. of Shares

1.11 Cr

ROCE

12.0%

ROE

8.9%

OPM

8.4%

Debt / Equity

0.00

Sales

₹53 Cr

Net Profit

₹3 Cr

Promoter holding

67.9%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials