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

₹ 361 -2.23%
07 Nov - close price
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 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]

Website BSE NSE
  • Market Cap ₹ 15,737 Cr.
  • Current Price ₹ 361
  • High / Low ₹ 450 / 300
  • Stock P/E 54.2
  • Book Value ₹ 50.2
  • Dividend Yield 0.42 %
  • ROCE 19.5 %
  • ROE 15.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 24.7%

Cons

  • Stock is trading at 7.19 times its book value
  • Promoter holding has decreased over last quarter: -0.96%

* 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

Consumer Discretionary Consumer Durables Consumer Durables Household Appliances

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
987 982 1,139 1,215 1,134 1,165 1,343 1,477 1,294 1,269 1,538 1,466 1,341
913 915 1,042 1,110 1,041 1,064 1,215 1,321 1,184 1,165 1,395 1,342 1,232
Operating Profit 73 67 97 105 92 102 128 156 110 104 143 124 109
OPM % 7% 7% 9% 9% 8% 9% 10% 11% 9% 8% 9% 8% 8%
3 5 4 12 14 3 5 7 4 5 4 5 5
Interest 2 2 10 11 9 9 10 9 8 6 3 4 2
Depreciation 15 17 19 20 20 19 22 22 22 25 27 26 27
Profit before tax 59 53 72 86 78 76 101 132 85 79 118 98 85
Tax % 26% 26% 27% 25% 24% 24% 24% 25% 25% 24% 23% 25% 23%
44 39 53 64 59 58 76 99 63 60 91 74 65
EPS in Rs 1.01 0.91 1.22 1.48 1.36 1.34 1.75 2.28 1.46 1.38 2.09 1.69 1.50
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,086 2,326 2,594 2,503 2,721 3,500 4,127 4,857 5,578 5,614
1,876 2,135 2,369 2,244 2,409 3,159 3,807 4,429 5,064 5,134
Operating Profit 210 191 225 259 312 341 320 428 514 480
OPM % 10% 8% 9% 10% 11% 10% 8% 9% 9% 9%
12 10 20 24 20 10 16 33 20 20
Interest 2 2 2 4 6 8 16 40 25 15
Depreciation 16 20 23 29 39 49 64 81 96 105
Profit before tax 204 180 220 250 288 294 256 340 414 380
Tax % 29% 25% 23% 25% 30% 22% 26% 24% 24%
145 135 168 188 202 228 189 258 314 290
EPS in Rs 3.41 3.15 3.92 4.37 4.67 5.28 4.38 5.93 7.20 6.66
Dividend Payout % 21% 22% 20% 21% 26% 25% 30% 24% 21%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 17%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 11%
TTM: -2%
Stock Price CAGR
10 Years: 19%
5 Years: 17%
3 Years: 11%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 15%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 42 43 43 43 43 43 43 43 44 44
Reserves 592 707 857 953 1,168 1,364 1,564 1,771 2,054 2,147
6 7 14 13 69 68 503 401 134 151
294 414 458 447 594 632 788 936 1,098 997
Total Liabilities 934 1,171 1,372 1,455 1,875 2,107 2,899 3,152 3,329 3,338
169 218 231 284 370 463 1,247 1,334 1,374 1,399
CWIP 10 7 8 67 20 17 27 37 49 79
Investments 89 75 83 36 33 33 34 101 81 116
666 870 1,050 1,068 1,452 1,593 1,591 1,679 1,825 1,744
Total Assets 934 1,171 1,372 1,455 1,875 2,107 2,899 3,152 3,329 3,338

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
130 52 156 141 222 -37 424 393 477
-106 -25 -51 -112 41 -121 -771 -153 -97
-16 -37 -25 -91 -6 -62 326 -232 -378
Net Cash Flow 8 -10 80 -62 257 -220 -21 8 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 55 71 65 47 52 50 49 45 35
Inventory Days 68 71 76 105 124 130 97 92 102
Days Payable 54 76 73 67 94 69 62 62 67
Cash Conversion Cycle 68 66 68 85 83 112 85 75 70
Working Capital Days 58 70 65 74 71 88 55 41 43
ROCE % 26% 26% 26% 26% 22% 15% 18% 20%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
55.85% 55.80% 55.63% 55.63% 54.56% 54.48% 54.42% 54.40% 54.36% 54.30% 54.28% 53.33%
12.91% 12.84% 12.83% 13.16% 13.01% 13.34% 13.90% 13.85% 13.72% 13.43% 12.55% 12.45%
18.94% 19.10% 19.38% 19.37% 20.45% 20.18% 20.16% 19.88% 20.25% 20.63% 21.61% 22.86%
12.31% 12.27% 12.18% 11.84% 11.96% 11.99% 11.51% 11.88% 11.69% 11.64% 11.55% 11.35%
No. of Shareholders 1,25,4311,23,1311,17,0611,18,1521,18,2761,19,5621,15,8231,40,4171,32,0031,32,9481,33,0001,32,841

* 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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