V-Guard Industries Ltd

V-Guard Industri Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

V-Guard Industries Ltd

₹ 433 -2.32%
11 Dec 3:59 p.m.
vguard.in BSE: 532953 NSE: VGUARD
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 Portfolio[1]
Electronics – Stabilizers, UPS, Inverters
Electricals – Wires, Pumps, Switchgears, Modular Switches
Consumer Durables – Fans, Water Heaters, Kitchen Appliances, Air Coolers
Sunflame – Products sold under trademark Sunflame and Superflame

Website BSE NSE
  • Market Cap ₹ 18,871 Cr.
  • Current Price ₹ 433
  • High / Low ₹ 577 / 283
  • Stock P/E 72.6
  • Book Value ₹ 42.7
  • Dividend Yield 0.32 %
  • ROCE 16.1 %
  • ROE 13.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 27.5%
  • Company's working capital requirements have reduced from 68.6 days to 51.1 days

Cons

  • Stock is trading at 10.2 times its book value

* 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 250 SmallCap Index BSE Consumer Discretionary Nifty MidSmallcap 400 Nifty Total Market BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
903 961 1,050 1,010 981 979 1,081 1,148 1,072 1,078 1,262 1,415 1,229
809 876 939 928 910 918 994 1,059 992 993 1,162 1,287 1,138
Operating Profit 94 85 111 82 71 61 86 88 80 85 100 128 91
OPM % 10% 9% 11% 8% 7% 6% 8% 8% 7% 8% 8% 9% 7%
3 3 3 5 3 6 2 11 14 2 25 7 4
Interest 3 1 2 2 2 2 10 11 9 9 9 8 7
Depreciation 11 13 12 13 14 16 16 17 16 17 17 17 17
Profit before tax 82 72 100 72 58 49 62 72 68 62 99 110 71
Tax % 28% 28% 10% 25% 26% 26% 25% 26% 24% 24% 20% 26% 27%
59 52 91 54 43 36 46 53 52 47 79 82 52
EPS in Rs 1.37 1.22 2.10 1.25 1.00 0.83 1.07 1.23 1.20 1.07 1.82 1.88 1.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,351 1,506 1,731 1,845 2,086 2,312 2,566 2,482 2,699 3,477 4,051 4,559 4,983
1,241 1,383 1,598 1,667 1,876 2,124 2,347 2,228 2,392 3,142 3,750 4,205 4,579
Operating Profit 110 123 133 178 210 188 220 254 307 335 301 354 404
OPM % 8% 8% 8% 10% 10% 8% 9% 10% 11% 10% 7% 8% 8%
4 5 4 7 12 10 18 23 21 10 15 51 37
Interest 20 21 21 9 2 2 1 4 6 8 16 37 32
Depreciation 11 12 15 15 16 19 22 28 37 48 58 67 67
Profit before tax 82 94 101 161 204 177 215 245 285 290 241 301 342
Tax % 23% 26% 30% 31% 29% 25% 23% 25% 30% 22% 26% 23%
63 70 71 112 145 133 166 185 199 227 179 231 260
EPS in Rs 1.51 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 % 17% 19% 19% 19% 21% 22% 21% 21% 26% 25% 31% 26%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 19%
TTM: 16%
Compounded Profit Growth
10 Years: 13%
5 Years: 7%
3 Years: 5%
TTM: 39%
Stock Price CAGR
10 Years: 19%
5 Years: 15%
3 Years: 22%
1 Year: 46%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 30 30 30 30 42 43 43 43 43 43 43 43 44
Reserves 231 289 348 441 592 709 857 951 1,165 1,359 1,545 1,725 1,813
165 108 68 10 6 2 10 10 66 66 501 356 209
228 252 279 235 294 401 447 437 586 613 626 762 868
Total Liabilities 655 679 725 717 934 1,155 1,356 1,440 1,860 2,082 2,715 2,886 2,934
138 166 162 161 169 201 214 268 354 400 447 435 455
CWIP 9 3 1 0 10 7 8 67 20 16 16 36 27
Investments 0 0 0 19 89 84 92 45 42 102 851 919 969
508 509 561 536 666 862 1,043 1,061 1,444 1,564 1,401 1,496 1,482
Total Assets 655 679 725 717 934 1,155 1,356 1,440 1,860 2,082 2,715 2,886 2,934

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 111 89 131 130 54 153 139 222 -33 416 350
-25 -28 -17 -32 -106 -27 -50 -110 41 -133 -774 -107
25 -93 -72 -94 -16 -37 -24 -90 -6 -61 328 -232
Net Cash Flow 10 -10 -1 5 8 -10 80 -61 257 -227 -30 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 54 51 51 55 55 70 65 47 52 50 47 44
Inventory Days 90 82 74 57 68 70 75 105 124 129 87 82
Days Payable 59 57 55 42 54 74 72 66 93 68 55 56
Cash Conversion Cycle 85 76 70 70 68 66 68 86 83 111 79 71
Working Capital Days 70 63 59 58 58 69 68 76 73 90 65 51
ROCE % 27% 27% 28% 37% 37% 26% 26% 26% 26% 22% 14% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.96% 55.88% 55.88% 55.86% 55.85% 55.80% 55.63% 55.63% 54.56% 54.48% 54.42% 54.40%
14.32% 12.67% 12.39% 12.92% 12.91% 12.84% 12.83% 13.16% 13.01% 13.34% 13.90% 13.85%
15.99% 17.31% 18.10% 18.06% 18.94% 19.10% 19.38% 19.37% 20.45% 20.18% 20.16% 19.88%
13.73% 14.14% 13.63% 13.14% 12.31% 12.27% 12.18% 11.84% 11.96% 11.99% 11.51% 11.88%
No. of Shareholders 1,27,9721,45,1641,36,9861,37,0081,25,4311,23,1311,17,0611,18,1521,18,2761,19,5621,15,8231,40,417

* 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.

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