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

₹ 307 -2.73%
29 May - 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

Business Profile[1]
V-Guard is a Kochi based company, founded in 1977 by Kochouseph Chittilappilly to manufacture and market Voltage stabilizers. The Company has since established a strong brand name and diversified becoming a multi-product Company catering to the Light Electricals sector manufacturing Voltage stabilizers, Digital UPS systems & Batteries, Pumps, House wiring cables, Switch gears, Modular switches, Electric water heaters,
Fans, Solar water heaters, Air coolers and various Kitchen appliances.

Website BSE NSE
  • Market Cap ₹ 13,399 Cr.
  • Current Price ₹ 307
  • High / Low ₹ 413 / 290
  • Stock P/E 41.3
  • Book Value ₹ 54.3
  • Dividend Yield 0.49 %
  • ROCE 18.6 %
  • ROE 14.5 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.9%

Cons

* 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 BSE Consumer Discretionary BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty Microcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,139 1,215 1,134 1,165 1,343 1,477 1,294 1,269 1,538 1,466 1,341 1,404 1,755
1,042 1,110 1,041 1,064 1,215 1,321 1,184 1,165 1,395 1,342 1,232 1,280 1,585
Operating Profit 97 105 92 102 128 156 110 104 143 124 109 123 171
OPM % 9% 9% 8% 9% 10% 11% 9% 8% 9% 8% 8% 9% 10%
4 12 14 3 5 7 4 5 4 5 5 -16 8
Interest 10 11 9 9 10 9 8 6 3 4 2 3 3
Depreciation 19 20 20 19 22 22 22 25 27 26 27 27 28
Profit before tax 72 86 78 76 101 132 85 79 118 98 85 77 147
Tax % 27% 25% 24% 24% 24% 25% 25% 24% 23% 25% 23% 26% 24%
53 64 59 58 76 99 63 60 91 74 65 57 112
EPS in Rs 1.22 1.48 1.36 1.34 1.75 2.28 1.46 1.38 2.09 1.69 1.50 1.31 2.57
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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 Mar 2026
2,086 2,326 2,594 2,503 2,721 3,500 4,127 4,857 5,578 5,966
1,876 2,135 2,369 2,244 2,409 3,159 3,807 4,429 5,064 5,439
Operating Profit 210 191 225 259 312 341 320 428 514 527
OPM % 10% 8% 9% 10% 11% 10% 8% 9% 9% 9%
12 10 20 24 20 10 16 33 20 1
Interest 2 2 2 4 6 8 16 40 25 12
Depreciation 16 20 23 29 39 49 64 81 96 108
Profit before tax 204 180 220 250 288 294 256 340 414 408
Tax % 29% 25% 23% 25% 30% 22% 26% 24% 24% 24%
145 135 168 188 202 228 189 258 314 308
EPS in Rs 3.41 3.15 3.92 4.37 4.67 5.28 4.38 5.93 7.20 7.06
Dividend Payout % 21% 22% 20% 21% 26% 25% 30% 24% 21% 21%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 13%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 21%
TTM: 5%
Stock Price CAGR
10 Years: 12%
5 Years: 2%
3 Years: 7%
1 Year: -19%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 15%
Last Year: 15%

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 Mar 2026
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 2,329
6 7 14 13 69 68 503 401 134 165
294 414 458 447 594 632 788 936 1,098 1,175
Total Liabilities 934 1,171 1,372 1,455 1,875 2,107 2,899 3,152 3,329 3,714
169 218 231 284 370 463 1,247 1,334 1,374 1,525
CWIP 10 7 8 67 20 17 27 37 49 20
Investments 89 75 83 36 33 33 34 101 81 276
666 870 1,050 1,068 1,452 1,593 1,591 1,679 1,825 1,893
Total Assets 934 1,171 1,372 1,455 1,875 2,107 2,899 3,152 3,329 3,714

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 Mar 2026
130 52 156 141 222 -37 424 393 477 459
-106 -25 -51 -112 41 -121 -771 -153 -97 -364
-16 -37 -25 -91 -6 -62 326 -232 -378 -98
Net Cash Flow 8 -10 80 -62 257 -220 -21 8 3 -3
Free Cash Flow 88 11 103 57 158 -161 323 265 357 279
CFO/OP 93% 49% 93% 85% 95% 15% 148% 111% 114% 107%

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 Mar 2026
Debtor Days 55 71 65 47 52 50 49 45 35 33
Inventory Days 68 71 76 105 124 130 97 92 102 98
Days Payable 54 76 73 67 94 69 62 62 67 71
Cash Conversion Cycle 68 66 68 85 83 112 85 75 70 60
Working Capital Days 58 70 65 74 71 88 55 41 43 50
ROCE % 26% 26% 26% 26% 22% 15% 18% 20% 19%

Insights

In beta
Mar 2008 Mar 2010 Mar 2018 Mar 2023 Mar 2024 Mar 2025
Non-South Revenue Contribution
%

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In-house Manufacturing Percentage
%
Number of Retailer Touchpoints
Counts
Number of Dealers and Distributors
Counts
Working Capital Days (TTM)
Days
Market Share in Electric Fans (Organized)
%
Market Share in House Wiring Cables (Organized)
%
Market Share in Voltage Stabilizers (Organized)
%
Market Share in Water Heaters (Organized)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.63% 55.63% 54.56% 54.48% 54.42% 54.40% 54.36% 54.30% 54.28% 53.33% 53.28% 53.22%
12.83% 13.16% 13.01% 13.34% 13.90% 13.85% 13.72% 13.43% 12.55% 12.45% 12.12% 12.07%
19.38% 19.37% 20.45% 20.18% 20.16% 19.88% 20.25% 20.63% 21.61% 22.86% 23.32% 23.39%
12.18% 11.84% 11.96% 11.99% 11.51% 11.88% 11.69% 11.64% 11.55% 11.35% 11.27% 11.32%
No. of Shareholders 1,17,0611,18,1521,18,2761,19,5621,15,8231,40,4171,32,0031,32,9481,33,0001,32,8411,30,2181,33,257

* 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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Documents

Announcements

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DRHP

Credit ratings

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