V-Guard Industries Ltd

V-Guard Industries Ltd

₹ 380 0.05%
21 May 9:56 a.m.
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,050 1,010 981 979 1,081 1,148 1,072 1,078 1,262 1,415 1,229 1,185 1,480
939 928 910 918 994 1,059 992 993 1,162 1,287 1,138 1,102 1,359
Operating Profit 111 82 71 61 86 88 80 85 100 128 91 83 121
OPM % 11% 8% 7% 6% 8% 8% 7% 8% 8% 9% 7% 7% 8%
3 5 3 6 2 11 14 2 25 7 4 5 3
Interest 2 2 2 2 10 11 9 9 9 8 7 5 1
Depreciation 12 13 14 16 16 17 16 17 17 17 17 20 20
Profit before tax 100 72 58 49 62 72 68 62 99 110 71 64 102
Tax % 10% 25% 26% 26% 25% 26% 24% 24% 20% 26% 27% 25% 24%
91 54 43 36 46 53 52 47 79 82 52 48 78
EPS in Rs 2.10 1.25 1.00 0.83 1.07 1.23 1.20 1.07 1.82 1.88 1.20 1.10 1.79
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
55.88% 55.86% 55.85% 55.80% 55.63% 55.63% 54.56% 54.48% 54.42% 54.40% 54.36% 54.30%
12.39% 12.92% 12.91% 12.84% 12.83% 13.16% 13.01% 13.34% 13.90% 13.85% 13.72% 13.43%
18.10% 18.06% 18.94% 19.10% 19.38% 19.37% 20.45% 20.18% 20.16% 19.88% 20.25% 20.63%
13.63% 13.14% 12.31% 12.27% 12.18% 11.84% 11.96% 11.99% 11.51% 11.88% 11.69% 11.64%
No. of Shareholders 1,36,9861,37,0081,25,4311,23,1311,17,0611,18,1521,18,2761,19,5621,15,8231,40,4171,32,0031,32,948

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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