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V-Guard Inds. Overview

V-Guard Industries Limited (V-Guard) is an totally India-based organisation engaged in manufacturing, buying and selling of electronic products. The Company's segments consist of Electronics, Electrical/Electro Mechanical and Others. V-Guard's Electronics segment consists of products, together with voltage stabilizers, UPS and digital UPS. The Company's Electrical/Electro Mechanical segment includes products, along with PVC Cables, Pumps and Motors, Electric Water Heaters, Fans, Switchgears, Induction Cooktops and Mixer Grinder. The Company's O...Read More

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V-Guard Inds. Key Financials

Market Cap ₹14364 Cr.

Stock P/E 45.8

P/B 6.4

Current Price ₹328.9

Book Value ₹ 51.4

Face Value 1

52W High ₹412.9

Dividend Yield 0.46%

52W Low ₹ 294

V-Guard Inds. Share Price

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Volume
Price

V-Guard Inds. Quarterly Price

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V-Guard Inds. Peer Comparison

V-Guard Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1134 1165 1343 1477 1294 1269 1538 1466 1341 1404
Other Income 14 3 5 7 4 5 5 5 5 6
Total Income 1148 1169 1348 1484 1298 1274 1543 1471 1346 1409
Total Expenditure 1041 1064 1215 1321 1184 1165 1395 1342 1232 1280
Operating Profit 107 105 133 163 114 110 148 129 114 129
Interest 9 9 10 9 8 6 3 4 2 3
Depreciation 20 19 22 22 22 25 27 26 27 27
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -22
Profit Before Tax 78 76 101 132 85 79 118 98 85 77
Provision for Tax 19 18 24 33 21 19 27 24 20 20
Profit After Tax 59 58 76 99 63 60 91 74 65 57
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 59 58 76 99 63 60 91 74 65 57
Adjusted Earnings Per Share 1.4 1.3 1.8 2.3 1.5 1.4 2.1 1.7 1.5 1.3

V-Guard Inds. Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2086 2326 2594 2503 2721 3500 4127 4857 5578 5749
Other Income 13 11 20 25 21 11 27 35 22 21
Total Income 2099 2337 2614 2528 2742 3511 4154 4892 5599 5769
Total Expenditure 1877 2135 2370 2245 2409 3160 3818 4431 5065 5249
Operating Profit 222 201 244 283 333 351 336 461 534 520
Interest 2 2 2 4 6 8 16 40 25 12
Depreciation 16 20 23 29 39 49 64 81 96 107
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -22
Profit Before Tax 204 180 220 250 288 294 256 340 414 378
Provision for Tax 59 45 52 61 86 66 67 83 100 91
Profit After Tax 145 135 168 188 202 228 189 258 314 287
Adjustments 0 -1 -1 -1 -1 -1 0 0 0 0
Profit After Adjustments 145 134 167 187 201 228 189 258 314 287
Adjusted Earnings Per Share 3.4 3.2 3.9 4.4 4.7 5.3 4.4 5.9 7.2 6.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 17% 17% 0%
Operating Profit CAGR 16% 15% 14% 0%
PAT CAGR 22% 11% 11% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -7% 8% 8% 17%
ROE Average 16% 15% 16% 19%
ROCE Average 21% 18% 21% 24%

V-Guard Inds. Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 634 750 899 995 1211 1407 1608 1814 2098
Minority's Interest 0 2 2 4 5 5 0 0 0
Borrowings 2 0 0 0 0 0 273 137 0
Other Non-Current Liabilities 11 14 18 44 62 59 202 198 208
Total Current Liabilities 287 405 452 409 593 627 817 1002 1023
Total Liabilities 934 1171 1372 1452 1871 2098 2899 3152 3329
Fixed Assets 168 217 230 284 369 463 1245 1332 1374
Other Non-Current Assets 44 37 55 108 101 105 148 182 203
Total Current Assets 722 916 1086 1060 1401 1530 1505 1637 1752
Total Assets 934 1171 1372 1452 1871 2098 2899 3152 3329

V-Guard Inds. Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 15 5 85 23 281 61 40 47
Cash Flow from Operating Activities 130 52 156 141 222 -37 424 393 477
Cash Flow from Investing Activities -106 -25 -51 -111 41 -121 -771 -153 -97
Cash Flow from Financing Activities -16 -37 -25 -91 -6 -62 326 -232 -378
Net Cash Inflow / Outflow 8 -10 80 -62 257 -220 -21 8 3
Closing Cash & Cash Equivalent 15 5 85 23 281 61 40 47 50

V-Guard Inds. Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.41 3.15 3.92 4.37 4.67 5.28 4.38 5.93 7.2
CEPS(Rs) 3.79 3.63 4.48 5.08 5.59 6.43 5.86 7.79 9.39
DPS(Rs) 0.7 0.7 0.8 0.9 1.2 1.3 1.3 1.4 1.5
Book NAV/Share(Rs) 14.45 16.83 20.08 22.57 27.46 31.75 35.58 40.97 47.06
Core EBITDA Margin(%) 9.87 8.15 8.05 9.63 10.81 9.25 7.06 8.17 8.57
EBIT Margin(%) 9.74 7.78 7.94 9.47 10.19 8.21 6.21 7.29 7.33
Pre Tax Margin(%) 9.64 7.69 7.88 9.31 9.98 7.99 5.84 6.53 6.92
PAT Margin (%) 6.84 5.78 6.03 7.02 6.99 6.21 4.32 4.94 5.25
Cash Profit Margin (%) 7.61 6.63 6.86 8.12 8.33 7.55 5.79 6.49 6.85
ROA(%) 15.48 12.83 13.22 13.33 12.15 11.51 7.57 8.51 9.68
ROE(%) 23.57 20.31 21.36 20.64 18.8 17.91 13 15.53 16.38
ROCE(%) 32.16 26.02 26.5 26.41 26.36 22.84 15.78 18.38 20.81
Receivable days 53.88 59.5 59.48 53.34 45.02 43.28 43.38 40.37 34.74
Inventory Days 47.36 46.17 45.37 58.24 70.18 73.99 67.8 55.31 55.22
Payable days 53.97 62.58 70.24 72.96 76.83 70.18 59.58 58.98 61.95
PER(x) 51.02 70.48 56.52 35.44 54 40.95 57.16 55.9 49.68
Price/Book(x) 12.03 13.21 11.03 6.86 9.18 6.81 7.03 8.09 7.6
Dividend Yield(%) 0.4 0.31 0.36 0.58 0.48 0.6 0.52 0.42 0.42
EV/Net Sales(x) 3.53 4.07 3.62 2.61 3.89 2.65 2.7 3.01 2.78
EV/Core EBITDA(x) 33.18 46.99 38.39 23.08 31.78 26.42 33.19 31.76 29.08
Net Sales Growth(%) 0 11.51 11.54 -3.51 8.72 28.62 17.91 17.68 14.85
EBIT Growth(%) 0 -11.71 21.8 14.63 15.94 2.6 -9.91 39.69 15.43
PAT Growth(%) 0 -6.61 24.43 12.03 7.24 13.15 -17.24 36.25 21.8
EPS Growth(%) 0 -7.39 24.2 11.53 6.85 13.03 -17.07 35.51 21.4
Debt/Equity(x) 0.01 0.01 0.02 0.01 0.01 0.01 0.27 0.16 0.01
Current Ratio(x) 2.52 2.26 2.4 2.59 2.36 2.44 1.84 1.63 1.71
Quick Ratio(x) 1.56 1.48 1.57 1.42 1.3 1.07 0.9 0.82 0.74
Interest Cover(x) 97.99 89.05 125.74 60.98 48.24 38.3 16.8 9.61 17.89
Total Debt/Mcap(x) 0 0 0 0 0 0 0.04 0.02 0

V-Guard Inds. Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 55.62 54.57 54.48 54.42 54.39 54.35 54.3 54.28 53.32 53.28
FII 13.16 13.02 13.35 13.9 13.85 13.72 13.43 12.56 12.45 12.13
DII 19.36 20.45 20.17 20.16 19.87 20.25 20.62 21.61 22.86 23.33
Public 11.85 11.97 12 11.52 11.88 11.68 11.65 11.56 11.36 11.26
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

V-Guard Inds. News

V-Guard Inds. Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 58.98 to 61.95days.
  • Stock is trading at 6.4 times its book value.
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