V-Guard Industries logo

V-Guard Industries

VGUARD NSE

Key Fundamentals

MicrocapHousehold AppliancesConsumer Goods
Market Cap
₹13,007 Cr
Volatility
Low Risk
P/E Ratio
35.23
EBITDA
₹550 Cr
Return on Equity
12.99%
Debt to Equity
0.07
Book Value
₹54.31
EPS
₹6.72
52W High
₹384
52W Low
₹288.8

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.9%

Growth Rate

Revenue Growth
6.98% lower than 3Y
Net Income Growth
-1.72% lower than 3Y
Cash Flow Change
-3.86% lower than 3Y
ROE
-13.11% lower than 3Y
ROCE
-15.42% lower than 3Y
EBITDA Margin (Avg.)
-3.67% lower than 3Y

AI Analysis — Bull vs Bear

17d ago
AI opinion · based on fundamentals
Risk medium

V-Guard Industries Ltd trades at a market cap of ₹14,026 Cr with a PE of 38.8x and is virtually debt-free. TTM sales growth stands at 13% with profit growth accelerating to 32% TTM, though ROE has moderated to 14% in the last year from a 10-year average of 17%. The stock has underperformed over the past year with a -13% return.

Bull Case 8
  • Near debt-free balance sheet provides financial flexibility and low interest burden, reducing risk during economic downturns
  • TTM profit growth of 32% significantly outpaces TTM sales growth of 13%, indicating meaningful margin expansion and operating leverage
  • Consistent compounded sales growth of 13% over 3 years and 17% over 5 years demonstrates sustained revenue momentum
  • Compounded profit growth of 20% over 3 years reflects improving profitability trajectory beyond just one strong quarter
  • Healthy dividend payout of 21.9% signals management confidence in cash flow generation while retaining capital for growth
  • 10-year stock CAGR of 10% shows the company has delivered long-term wealth creation for shareholders
  • ROE has been consistently in the 14-17% range over 3, 5, and 10-year periods, indicating stable return generation on equity
  • Dividend yield of 0.46% provides a modest income component alongside a growth-oriented business model
Bear Case 8
  • PE of 38.8x is elevated relative to the broader market, leaving limited margin of safety if growth disappoints
  • Stock has delivered -13% return over 1 year and just 1% CAGR over 3 years, indicating sustained underperformance versus the market
  • Price-to-book ratio of 5.96x is rich, pricing in significant future growth that may already be discounted
  • Last year ROE of 14% has declined from the 10-year average of 17%, suggesting deteriorating capital efficiency
  • 5-year compounded profit growth of only 10% is modest relative to the premium valuation of 38.8x PE
  • 5-year stock CAGR of just 5% suggests the market has been repricing the stock downward relative to its historical premium
  • Consumer discretionary sector exposure makes the company vulnerable to demand slowdowns during periods of inflation or rural stress
  • Dividend yield of 0.46% offers limited downside cushion for investors if the stock price corrects further

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

10d ago
Neutral 1
  • Investor meet on Sep 10 Sep 01

    V-Guard Industries will host an analyst and institutional investor meet on September 10, 2026, as part of the Axis Capital Consumer & Technology Conference in Mumbai.

TL;DR: Limited recent news flow for V-Guard Industries. The company is engaging with institutional investors at an upcoming conference on Sep 10, which is routine but could surface fresh guidance or strategic updates. No clear headwinds or positive catalysts in the current news cycle; watch for any disclosures from the investor meet.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,215
1,134
1,165
1,343
1,477
1,294
1,269
1,538
1,466
1,341
1,404
1,755
1,811
Expenses
1,110
1,041
1,064
1,215
1,321
1,184
1,165
1,395
1,342
1,232
1,280
1,585
1,620
Operating Profit
105
92
102
128
156
110
104
143
124
109
123
171
191
OPM %
9%
8%
9%
10%
11%
9%
8%
9%
8%
8%
9%
10%
11%
Other Income
12
14
3
5
7
4
5
4
5
5
-16
8
12
Interest
11
9
9
10
9
8
6
3
4
2
3
3
3
Depreciation
20
20
19
22
22
22
25
27
26
27
27
28
28
PBT
86
78
76
101
132
85
79
118
98
85
77
147
172
Tax %
25%
24%
24%
24%
25%
25%
24%
23%
25%
23%
26%
24%
24%
Net Profit
64
59
58
76
99
63
60
91
74
65
57
112
130
EPS in Rs
1.48
1.36
1.34
1.75
2.28
1.46
1.38
2.09
1.69
1.5
1.31
2.57
2.98
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,086
2,326
2,594
2,503
2,721
3,500
4,127
4,857
5,578
5,966
6,310
Expenses
1,876
2,135
2,369
2,244
2,409
3,159
3,807
4,429
5,064
5,439
5,716
Operating Profit
210
191
225
259
312
341
320
428
514
527
594
OPM %
10%
8%
9%
10%
11%
10%
8%
9%
9%
9%
9%
Other Income
12
10
20
24
20
10
16
33
20
1
8
Interest
2
2
2
4
6
8
16
40
25
12
11
Depreciation
16
20
23
29
39
49
64
81
96
108
109
PBT
204
180
220
250
288
294
256
340
414
408
482
Tax %
29%
25%
23%
25%
30%
22%
26%
24%
24%
24%
—
Net Profit
145
135
168
188
202
228
189
258
314
308
365
EPS in Rs
3.41
3.15
3.92
4.37
4.67
5.28
4.38
5.93
7.2
7.06
8.36
Div. Payout %
21%
22%
20%
21%
26%
25%
30%
24%
21%
21%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
6
7
14
13
69
68
503
401
134
165
Other Liabilities
294
414
458
447
594
632
788
936
1,098
1,160
Total Liabilities
934
1,171
1,372
1,455
1,875
2,107
2,899
3,152
3,329
3,698
Fixed Assets
169
218
231
284
370
463
1,247
1,334
1,374
1,524
CWIP
10
7
8
67
20
17
27
37
49
21
Investments
89
75
83
36
33
33
34
101
81
276
Other Assets
666
870
1,050
1,068
1,452
1,593
1,591
1,679
1,825
1,877
Total Assets
934
1,171
1,372
1,455
1,875
2,107
2,899
3,152
3,329
3,698
Figures in ₹ Crores

Cash Flow

Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
130
52
156
141
222
-37
424
393
477
459
Investing
-106
-25
-51
-112
41
-121
-771
-153
-97
-364
Financing
-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
Figures in ₹ Crores

Ratios

Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
39
ROCE %
—
26%
26%
26%
26%
22%
15%
18%
20%
18%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others4.38%Promot.53.22%Public7.15%FIIs12.01%DIIs23.24%As ofJun 2026

Documents

Frequently Asked Questions about V-Guard Industries

What does V-Guard Industries Ltd do?
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 bra...
Where is V-Guard Industries Ltd (VGUARD) listed?
V-Guard Industries Ltd trades as VGUARD on the NSE and under code 532953 on the BSE.
Which sector does V-Guard Industries Ltd belong to?
V-Guard Industries Ltd is classified under the Consumer Goods sector, in the Household Appliances industry.
What is the market capitalisation of V-Guard Industries Ltd?
V-Guard Industries Ltd has a market capitalisation of ₹13,007 Cr, which places it in the Mid Cap band.
What is the PE ratio of V-Guard Industries Ltd?
V-Guard Industries Ltd trades at a PE ratio of 35.23, on earnings per share of ₹6.72, against a book value of ₹54.31 per share.
What is the 52-week high and low of V-Guard Industries Ltd?
Over the last 52 weeks V-Guard Industries Ltd has traded between ₹288.8 and ₹384.
Does V-Guard Industries Ltd pay dividends?
V-Guard Industries Ltd has a dividend yield of 0.51%.
What is the Return on Equity (ROE) of V-Guard Industries Ltd?
V-Guard Industries Ltd reported a return on equity of 12.99%. Its debt-to-equity ratio is 0.07.

Company Information

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]

Website vguard.in
CEO Mr. Mithun K. Chittilappilly
Employees 3,133
Listed 2008-03-13
Face Value ₹ 1
Issued Size 43,63,44,639

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