V-Guard Industries Ltd
Founded in 1977, V-Guard Industries Ltd. (‘V-Guard’) is a reputed Indian company manufacturing innovative and experiential products in the categories of Electronics, Electricals and Consumer Durables. It has grown from being a brand synonymous with voltage stabilizers across South India, to a brand offering a wide array of thoughtfully engineered products to consumers across the length and breadth of the country. Underpinned by its continuous quest to enrich consumer lives and power a stronger tomorrow. [1]
- Market Cap ₹ 16,542 Cr.
- Current Price ₹ 380
- High / Low ₹ 577 / 300
- Stock P/E 63.6
- Book Value ₹ 45.9
- Dividend Yield 0.36 %
- ROCE 17.5 %
- ROE 13.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 27.6%
- Company's working capital requirements have reduced from 51.8 days to 39.4 days
Cons
- Stock is trading at 8.27 times its book value
- Company has a low return on equity of 13.3% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,506 | 1,731 | 1,845 | 2,086 | 2,312 | 2,566 | 2,482 | 2,699 | 3,477 | 4,051 | 4,559 | 5,309 | |
1,383 | 1,598 | 1,667 | 1,876 | 2,124 | 2,347 | 2,228 | 2,392 | 3,142 | 3,750 | 4,205 | 4,886 | |
Operating Profit | 123 | 133 | 178 | 210 | 188 | 220 | 254 | 307 | 335 | 301 | 354 | 422 |
OPM % | 8% | 8% | 10% | 10% | 8% | 9% | 10% | 11% | 10% | 7% | 8% | 8% |
5 | 4 | 7 | 12 | 10 | 18 | 23 | 21 | 10 | 15 | 51 | 19 | |
Interest | 21 | 21 | 9 | 2 | 2 | 1 | 4 | 6 | 8 | 16 | 37 | 20 |
Depreciation | 12 | 15 | 15 | 16 | 19 | 22 | 28 | 37 | 48 | 58 | 67 | 74 |
Profit before tax | 94 | 101 | 161 | 204 | 177 | 215 | 245 | 285 | 290 | 241 | 301 | 348 |
Tax % | 26% | 30% | 31% | 29% | 25% | 23% | 25% | 30% | 22% | 26% | 23% | 25% |
70 | 71 | 112 | 145 | 133 | 166 | 185 | 199 | 227 | 179 | 231 | 260 | |
EPS in Rs | 1.68 | 1.68 | 2.65 | 3.41 | 3.13 | 3.88 | 4.32 | 4.63 | 5.26 | 4.15 | 5.32 | 5.97 |
Dividend Payout % | 19% | 19% | 19% | 21% | 22% | 21% | 21% | 26% | 25% | 31% | 26% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 16% |
3 Years: | 15% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 7% |
3 Years: | 5% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 17% |
3 Years: | 19% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 15% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 30 | 30 | 30 | 42 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 44 |
Reserves | 289 | 348 | 441 | 592 | 709 | 857 | 951 | 1,165 | 1,359 | 1,545 | 1,725 | 1,955 |
108 | 68 | 10 | 6 | 2 | 10 | 10 | 66 | 66 | 501 | 356 | 77 | |
252 | 279 | 235 | 294 | 401 | 447 | 437 | 586 | 613 | 626 | 762 | 964 | |
Total Liabilities | 679 | 725 | 717 | 934 | 1,155 | 1,356 | 1,440 | 1,860 | 2,082 | 2,715 | 2,886 | 3,039 |
166 | 162 | 161 | 169 | 201 | 214 | 268 | 354 | 400 | 447 | 435 | 466 | |
CWIP | 3 | 1 | 0 | 10 | 7 | 8 | 67 | 20 | 16 | 16 | 36 | 48 |
Investments | 0 | 0 | 19 | 89 | 84 | 92 | 45 | 42 | 102 | 851 | 919 | 899 |
509 | 561 | 536 | 666 | 862 | 1,043 | 1,061 | 1,444 | 1,564 | 1,401 | 1,496 | 1,626 | |
Total Assets | 679 | 725 | 717 | 934 | 1,155 | 1,356 | 1,440 | 1,860 | 2,082 | 2,715 | 2,886 | 3,039 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
111 | 89 | 131 | 130 | 54 | 153 | 139 | 222 | -33 | 416 | 350 | 444 | |
-28 | -17 | -32 | -106 | -27 | -50 | -110 | 41 | -133 | -774 | -107 | -77 | |
-93 | -72 | -94 | -16 | -37 | -24 | -90 | -6 | -61 | 328 | -232 | -372 | |
Net Cash Flow | -10 | -1 | 5 | 8 | -10 | 80 | -61 | 257 | -227 | -30 | 11 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 51 | 51 | 55 | 55 | 70 | 65 | 47 | 52 | 50 | 47 | 44 | 35 |
Inventory Days | 82 | 74 | 57 | 68 | 70 | 75 | 105 | 124 | 129 | 87 | 82 | 88 |
Days Payable | 57 | 55 | 42 | 54 | 74 | 72 | 66 | 93 | 68 | 55 | 56 | 65 |
Cash Conversion Cycle | 76 | 70 | 70 | 68 | 66 | 68 | 86 | 83 | 111 | 79 | 71 | 59 |
Working Capital Days | 63 | 59 | 58 | 58 | 69 | 68 | 76 | 73 | 90 | 65 | 51 | 39 |
ROCE % | 27% | 28% | 37% | 37% | 26% | 26% | 26% | 26% | 22% | 14% | 16% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5h - V-Guard reports Q4 FY25 revenue ₹1,538 Cr (+14.5%), PAT ₹91 Cr (+20%), final dividend ₹1.5/share.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Earnings call audio for Q4 and FY25 results available on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Newspaper publication for Financial Results Q4 FY 2025, pursuant to Regulation 47
- Announcement under Regulation 30 (LODR)-Investor Presentation 14 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 May - V-Guard Q4 FY25 revenue up 14.5%, PAT up 19.6%; FY25 revenue Rs.5578 Cr, PAT Rs.314 Cr, debt-free status.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Dec 2022TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Jul 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Jan 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Jan 2019TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Jan 2016TranscriptNotesPPT
Product Segments
1) Electricals (37% in 9M FY25 vs 44% in FY23): [1] [2] The company offers wires, pumps, switchgear, modular switches, etc. Segment revenue increased by 8% YoY in 9M FY25. [3] [4]