Volvo Group India Pvt Ltd

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OVERVIEW
FINANCIALS
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About

The Volvo Group, a Swedish multinational manufacturing corporation founded in 1927 and headquartered in Gothenburg, Sweden, specialises in the production, distribution and sale of trucks, buses and construction equipment. Additionally, it provides marine and industrial drive systems as well as financial services. With a global workforce of over 104,000 employees, the group operates 14 brands across 190 markets and maintains production facilities in more than 18 countries. Driven by a commitment to both profitability and sustainability, Volvo has introduced a diverse range of eco-friendly products, including electric trucks, electric buses and construction equipment. Notable achievements include the use of fossil-free steel in truck production and the testing of hydrogen-powered electric trucks on public roads. The Volvo Group has set a target to achieve 100% fossil-free vehicles by 2040, fostering innovation and collaboration with industry partners, societal stakeholders and startups to create meaningful global impact.

Incorporation Year: 1996
Headquarters: Gothenburg, Sweden
Top Management: Geely Holding Group
Industry: Automobiles

Featured In Fortune India Ranking

#461(2021)
#32(2023)

Financial Data 2024

Revenue
4,903
(INR Cr)
Net Operating Income
4,779
(INR Cr)
Assets
1,012
(INR Cr)
Profit
348
(INR Cr)
Net Worth
805
(INR Cr)

Fortune India Coverage

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS202420232022202120202019201820162015201420132012
Revenue
(INR Cr)
4903
31.8%
3720
48.9%
2498
10.9%
2253
-5.8%
2392
-7.4%
2583
-12.9%
2964
-23.3%
3864
52.3%
2536
11.3%
2279
-2.7%
2341
1.0%
2318
-
Net Operating Income
(INR Cr)
4779
31.65%
3630
48.08%
2451
11.86%
2192
-5.41%
2317
-9.38%
2557
-10.85%
2868
0.00%
3593
38.14%
2601
18.90%
2188
-6.34%
2336
4.78%
2229
0.00%
Profit
(INR Cr)
348
48.1%
235
91.7%
122
191.5%
42
-51.3%
86
-14.7%
101
-55.1%
226
-
-26
-
-84
-
-146
-
-13
-
50
-
Assets
(INR Cr)
1012
-12.6%
1158
-12.9%
1329
10.7%
1201
-7.7%
1301
-1.4%
1319
-30.4%
1896
23.1%
1540
18.5%
1300
8.3%
1200
6.9%
1122
21.0%
927
-
Net Worth
(INR Cr)
805
13.7%
708
-22.0%
908
16.1%
782
9.9%
712
9.8%
648
-30.3%
931
0.0%
427
-34.6%
652
-11.4%
736
-16.5%
882
-1.4%
895
0.0%
Employee Cost
(INR Cr)
826
26.6%
652
28.6%
507
9.7%
462
-1.4%
469
5.0%
446
-10.0%
496
11.1%
446
25.2%
356
6.4%
335
11.8%
300
30.5%
230
-
Interest Cost
(INR Cr)
3137293358628384762682
Cash & Bank Balance
(INR Cr)
81572541452412610410396976334
Total Debt
(INR Cr)
7525423322042956785310385904262093

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS202420232022202120202019201820162015201420132012
Profit As % Of Revenues 7.1%6.3%4.9%1.9%3.6%3.9%7.6%----2.2%
Profit As % Of Assets 34.4%20.3%9.2%3.5%6.6%7.7%11.9%----5.4%
Profit As % Of Networth 43.2%33.1%13.5%5.4%12.1%15.6%24.2%----5.6%
Interest Cost to EBITDA % 5.6%9.6%15.3%21.6%28.5%21.9%26.3%240.5%---1.7%
Debt to Equity Ratio 0.090.360.260.280.600.870.922.430.900.580.240.00
RONW 46.0%29.1%14.5%5.8%12.7%12.8%24.2%----5.6%
ROCE 46.4%28.3%14.1%14.0%15.5%17.0%21.4%2.8%4.6%-6.2%-1.0%9.4%