V-Guard Industries Ltd

V-Guard Industries Ltd

₹ 316 1.58%
26 Feb - close price
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

  • Market Cap 13,712 Cr.
  • Current Price 316
  • High / Low 335 / 238
  • Stock P/E 69.2
  • Book Value 37.9
  • Dividend Yield 0.41 %
  • ROCE 14.5 %
  • ROE 12.0 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 27.3%

Cons

  • Stock is trading at 8.33 times its book value
  • Promoter holding has decreased over last quarter: -1.05%

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
827 849 561 903 961 1,050 1,010 981 979 1,080 1,148 1,072 1,078
714 739 517 809 876 939 928 910 918 994 1,059 992 993
Operating Profit 114 110 43 94 85 111 82 71 61 86 88 80 85
OPM % 14% 13% 8% 10% 9% 11% 8% 7% 6% 8% 8% 7% 8%
5 4 4 3 3 3 5 3 6 2 11 14 2
Interest 1 2 1 3 1 2 2 2 2 10 11 9 9
Depreciation 9 12 11 11 13 12 13 14 16 16 17 16 17
Profit before tax 108 100 35 82 72 100 72 58 49 62 72 68 62
Tax % 29% 32% 29% 28% 28% 10% 25% 26% 26% 25% 26% 24% 24%
77 68 25 59 52 91 54 43 36 46 53 52 47
EPS in Rs 1.79 1.59 0.57 1.37 1.22 2.10 1.25 1.00 0.83 1.07 1.23 1.20 1.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
959 1,351 1,506 1,731 1,845 2,086 2,312 2,566 2,482 2,699 3,477 4,050 4,378
865 1,241 1,383 1,598 1,667 1,876 2,124 2,347 2,228 2,392 3,142 3,749 4,038
Operating Profit 94 110 123 133 178 210 188 220 254 307 335 301 340
OPM % 10% 8% 8% 8% 10% 10% 8% 9% 10% 11% 10% 7% 8%
2 4 5 4 7 12 10 18 23 21 10 15 29
Interest 17 20 21 21 9 2 2 1 4 6 8 16 39
Depreciation 10 11 12 15 15 16 19 22 28 37 48 58 66
Profit before tax 69 82 94 101 161 204 177 215 245 285 290 241 264
Tax % 27% 23% 26% 30% 31% 29% 25% 23% 25% 30% 22% 26%
51 63 70 71 112 145 133 166 185 199 227 179 198
EPS in Rs 1.22 1.51 1.68 1.68 2.65 3.41 3.13 3.88 4.32 4.63 5.26 4.15 4.57
Dividend Payout % 21% 17% 19% 19% 19% 21% 22% 21% 21% 26% 25% 31%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 18%
TTM: 9%
Compounded Profit Growth
10 Years: 11%
5 Years: 6%
3 Years: -1%
TTM: -11%
Stock Price CAGR
10 Years: 27%
5 Years: 10%
3 Years: 12%
1 Year: 30%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 16%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 30 30 30 30 30 42 43 43 43 43 43 43 43
Reserves 181 231 289 348 441 592 709 857 951 1,165 1,359 1,545 1,602
109 165 108 68 10 6 2 10 10 66 66 501 367
149 228 252 279 235 294 401 447 437 586 613 626 703
Total Liabilities 469 655 679 725 717 934 1,155 1,356 1,440 1,860 2,082 2,715 2,714
123 138 166 162 161 169 201 214 268 354 400 447 452
CWIP 11 9 3 1 0 10 7 8 67 20 16 16 19
Investments 0 0 0 0 19 89 84 92 45 42 102 851 904
335 508 509 561 536 666 862 1,043 1,061 1,444 1,564 1,401 1,340
Total Assets 469 655 679 725 717 934 1,155 1,356 1,440 1,860 2,082 2,715 2,714

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
84 11 111 89 131 130 54 153 139 222 -33 416
-30 -25 -28 -17 -32 -106 -27 -50 -110 41 -133 -774
-59 25 -93 -72 -94 -16 -37 -24 -90 -6 -61 328
Net Cash Flow -5 10 -10 -1 5 8 -10 80 -61 257 -227 -30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 56 54 51 51 55 55 70 65 47 52 50 48
Inventory Days 82 90 82 74 57 68 70 75 105 124 129 87
Days Payable 50 59 57 55 42 54 74 72 66 93 68 55
Cash Conversion Cycle 88 85 76 70 70 68 66 68 86 83 111 80
Working Capital Days 72 70 63 59 58 58 69 68 76 73 90 65
ROCE % 27% 27% 27% 28% 37% 37% 26% 26% 26% 26% 22% 14%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
57.22% 56.05% 56.05% 55.96% 55.88% 55.88% 55.86% 55.85% 55.80% 55.63% 55.63% 54.56%
14.87% 14.53% 14.29% 14.32% 12.67% 12.39% 12.92% 12.91% 12.84% 12.83% 13.16% 13.01%
13.87% 15.53% 15.64% 15.99% 17.31% 18.10% 18.06% 18.94% 19.10% 19.38% 19.37% 20.45%
14.05% 13.89% 14.01% 13.73% 14.14% 13.63% 13.14% 12.31% 12.27% 12.18% 11.84% 11.96%
No. of Shareholders 92,1821,25,5001,35,6211,27,9721,45,1641,36,9861,37,0081,25,4311,23,1311,17,0611,18,1521,18,276

* 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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