V-Guard Industries Ltd
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]
- Market Cap ₹ 14,897 Cr.
- Current Price ₹ 343
- High / Low ₹ 354 / 239
- Stock P/E 63.6
- Book Value ₹ 38.8
- Dividend Yield 0.37 %
- ROCE 15.2 %
- ROE 12.6 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 26.7%
Cons
- Stock is trading at 8.92 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
2,086 | 2,326 | 2,594 | 2,503 | 2,721 | 3,500 | 4,126 | 4,654 | |
1,876 | 2,135 | 2,369 | 2,244 | 2,409 | 3,159 | 3,806 | 4,257 | |
Operating Profit | 210 | 191 | 225 | 259 | 312 | 341 | 320 | 398 |
OPM % | 10% | 8% | 9% | 10% | 11% | 10% | 8% | 9% |
12 | 10 | 20 | 24 | 20 | 10 | 16 | 32 | |
Interest | 2 | 2 | 2 | 4 | 6 | 8 | 16 | 40 |
Depreciation | 16 | 20 | 23 | 29 | 39 | 49 | 64 | 78 |
Profit before tax | 204 | 180 | 220 | 250 | 288 | 294 | 256 | 312 |
Tax % | 29% | 25% | 23% | 25% | 30% | 22% | 26% | |
145 | 135 | 168 | 188 | 202 | 228 | 189 | 234 | |
EPS in Rs | 3.41 | 3.15 | 3.92 | 4.37 | 4.67 | 5.28 | 4.38 | 5.40 |
Dividend Payout % | 21% | 22% | 20% | 21% | 26% | 25% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 18% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 0% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 9% |
3 Years: | 15% |
1 Year: | 35% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 16% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 42 | 43 | 43 | 43 | 43 | 43 | 43 | 43 |
Reserves | 592 | 707 | 857 | 953 | 1,168 | 1,364 | 1,564 | 1,639 |
6 | 7 | 14 | 13 | 69 | 68 | 503 | 388 | |
294 | 414 | 458 | 447 | 594 | 632 | 788 | 886 | |
Total Liabilities | 934 | 1,171 | 1,372 | 1,455 | 1,875 | 2,107 | 2,899 | 2,956 |
169 | 218 | 231 | 284 | 370 | 463 | 1,247 | 1,267 | |
CWIP | 10 | 7 | 8 | 67 | 20 | 17 | 27 | 45 |
Investments | 89 | 75 | 83 | 36 | 33 | 33 | 34 | 86 |
666 | 870 | 1,050 | 1,068 | 1,452 | 1,593 | 1,591 | 1,559 | |
Total Assets | 934 | 1,171 | 1,372 | 1,455 | 1,875 | 2,107 | 2,899 | 2,956 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
130 | 52 | 156 | 141 | 222 | -37 | 424 | |
-106 | -25 | -51 | -111 | 41 | -121 | -771 | |
-16 | -37 | -25 | -91 | -6 | -62 | 326 | |
Net Cash Flow | 8 | -10 | 80 | -62 | 257 | -220 | -21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 55 | 71 | 65 | 47 | 52 | 50 | 50 |
Inventory Days | 68 | 71 | 76 | 105 | 124 | 130 | 97 |
Days Payable | 54 | 76 | 73 | 67 | 94 | 69 | 62 |
Cash Conversion Cycle | 68 | 66 | 68 | 85 | 83 | 112 | 86 |
Working Capital Days | 58 | 70 | 67 | 75 | 73 | 90 | 69 |
ROCE % | 26% | 26% | 26% | 26% | 22% | 15% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 17h
- Compliance Of Regulation 40(10) Of The SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 15 Apr
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Compliances-Compliance Certificate For The Period Ended March, 2024.
8 Apr - Compliance Certificate under Regulation 7(3) of SEBI (LODR) Regulation, 2015, for the period ended March, 2024.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2024.
- Closure of Trading Window 28 Mar
Annual reports
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Financial Year 2023
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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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