Volvo Group India Pvt Ltd
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.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 31 | 37 | 29 | 33 | 58 | 62 | 83 | 84 | 76 | 26 | 8 | 2 |
| Cash & Bank Balance (INR Cr) | 81 | 57 | 254 | 145 | 241 | 26 | 104 | 103 | 96 | 97 | 63 | 34 |
| Total Debt (INR Cr) | 75 | 254 | 233 | 220 | 429 | 567 | 853 | 1038 | 590 | 426 | 209 | 3 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.09 | 0.36 | 0.26 | 0.28 | 0.60 | 0.87 | 0.92 | 2.43 | 0.90 | 0.58 | 0.24 | 0.00 |
| 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% |