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V-Guard Industries Limited VGUARD NSEINFRA

Industrials · Electrical Equipment & Parts · India
https://www.vguard.in

V-Guard Industries Limited manufactures and sells electrical and electronic products in India and internationally. It operates through four segments: Electronics, Electrical, Consumer Durables and Sunflame. The Electronics segment offers voltage stabilizers; and inverter, digital DUPS, inverter batteries, UPS, solar inverters, solar power systems, off grid and on grid systems and inverters, and on grid photovoltaic (PV) inverters. The Electrical segment provides wires; pumps, such as domestic and agricultural pumps, and electric motors; modular switches, including matteo, novio, and torio switches; switchgears; and PVC insulated cables. The Consumer Durables Segment offers fans, such as ceiling, table, pedestal, wall, ventilating and exhaust, and other fans; air coolers, including desert, window-mounted, and personal and room variants; water heaters, such as electric, solar and heat pump water heaters; and kitchen appliances comprising induction cooktop, mixer grinders, gas cooktops, rice cookers, water purifiers, small and large appliances like kitchen hoods, and breakfast appliances. The Sunflame segment sells products under Sunflame and Superflame brands. It sells its products through a network of distributors and dealers. V-Guard Industries Limited was founded in 1977 and is based in Kochi, India.

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₹306.75
-18.26% 1Y

Market & Price

Market Cap
₹13,398.96 Cr
Current Price
₹306.75
High / Low (52W)
₹403.99 / ₹300.35
Beta
0.08

Valuation

Stock P/E
43.70
Industry PE
27.78
Forward P/E
28.16
PEG Ratio
-
Book Value
₹49.98
Price to Book
6.14
P/S
2.25
EV/EBITDA
25.36
Dividend Yield
0.49%

Profitability & Returns

ROCE
16.02%
ROE
13.79%
ROA
7.43%
Profit Margin
5.17%
Op Margin
8.12%
EPS (Latest Qtr)
₹2.55
EPS (TTM)
₹7.02

Balance Sheet & Liquidity

Debt/Equity
0.07
Quick Ratio
0.71
Current Ratio
1.80
Debt
₹165.26 Cr
Total Assets
₹3,713.72 Cr
Current Assets
₹1,964.51 Cr
Working Capital
₹874.98 Cr

Ownership

Promoter Holding
55.67%
Chg in Prom Hold
-
FII / Inst Holding
35.47%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹13,361.15 Cr
Total Revenue (TTM)
₹5,965.78 Cr
EBITDA
₹526.76 Cr
Free Cash Flow
₹229.55 Cr
Operating Cash Flow
₹458.55 Cr
Shares Outstanding
₹43.68 Cr
Gross Margin
36.35%
Payout Ratio
21.40%

Growth (CAGR)

Revenue 5Y
13.39%
Profit 5Y
17.70%
Revenue (YoY)
14.10%
Earnings (YoY)
23.10%

PROS

  • Compounding revenue at 13.4% over 5 years.
  • Profit CAGR of 17.7% over 5 years.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 VGUARD V-Guard Industries Limited NSEINFRA 306.75 43.70 ₹13,398.96 Cr 0.49% 16.02% 13.79% 13.39% 17.70%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 1,268.65 Cr1,538.08 Cr1,466.08 Cr1,403.51 Cr1,755.27 Cr
Cost of Revenue 804.19 Cr991.77 Cr925.41 Cr899.21 Cr1,135.68 Cr
Gross Profit 464.46 Cr546.31 Cr540.67 Cr504.30 Cr619.59 Cr
Operating Expenses 385.33 Cr430.04 Cr443.39 Cr407.63 Cr476.97 Cr
Operating Income 79.13 Cr116.27 Cr97.28 Cr96.67 Cr142.62 Cr
EBITDA 109.57 Cr147.55 Cr128.84 Cr106.81 Cr178.24 Cr
Interest Expense 5.79 Cr2.55 Cr4.27 Cr2.97 Cr3.01 Cr
Pretax Income 78.74 Cr118.22 Cr98.26 Cr77.32 Cr147.13 Cr
Tax Provision 18.52 Cr27.09 Cr24.41 Cr20.26 Cr35.09 Cr
Net Income 60.22 Cr91.13 Cr73.85 Cr57.06 Cr112.13 Cr
Diluted EPS 1.372.071.681.302.55

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -4,091.96 Cr4,821.81 Cr5,577.82 Cr5,965.78 Cr
Cost of Revenue -2,954.14 Cr3,312.48 Cr3,555.75 Cr3,797.40 Cr
Gross Profit -1,137.82 Cr1,509.33 Cr2,022.07 Cr2,168.38 Cr
Operating Expenses -881.94 Cr1,159.62 Cr1,604.50 Cr1,749.51 Cr
Operating Income -255.88 Cr349.71 Cr417.57 Cr418.87 Cr
EBITDA -336.35 Cr460.74 Cr534.12 Cr528.16 Cr
Interest Expense -16.19 Cr39.54 Cr24.51 Cr12.38 Cr
Pretax Income -255.74 Cr340.32 Cr413.95 Cr407.89 Cr
Tax Provision -66.69 Cr82.74 Cr100.23 Cr99.55 Cr
Net Income -189.12 Cr257.58 Cr313.72 Cr308.33 Cr
Diluted EPS 5.254.355.887.14-

Compounded Sales Growth

5 Years:13.39%
1 Year:14.10%

Compounded Profit Growth

5 Years:17.70%
1 Year:23.10%

Stock Price Performance

1 Year:-18.26%
6 Months:-12.19%
3 Months:-4.94%
1 Month:-8.06%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -2,906.93 Cr3,161.28 Cr3,338.21 Cr3,713.72 Cr
Current Assets -1,505.23 Cr1,637.44 Cr1,752.49 Cr1,964.51 Cr
Cash & Equivalents -39.54 Cr47.45 Cr49.98 Cr46.92 Cr
Inventory -767.44 Cr811.83 Cr997.29 Cr1,023.93 Cr
Receivables -557.00 Cr595.82 Cr542.31 Cr532.85 Cr
Total Liabilities -1,299.31 Cr1,347.06 Cr1,240.38 Cr1,340.67 Cr
Current Liabilities -816.68 Cr1,002.04 Cr1,022.95 Cr1,089.53 Cr
Long Term Debt -272.91 Cr137.26 Cr0-
Total Debt -502.98 Cr401.29 Cr133.52 Cr165.26 Cr
Total Equity -1,607.62 Cr1,814.22 Cr2,097.83 Cr2,373.05 Cr
Shares Outstanding -43.22 Cr43.44 Cr43.58 Cr43.68 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -423.81 Cr392.74 Cr476.96 Cr458.55 Cr
Investing Cash Flow --771.16 Cr-152.61 Cr-96.92 Cr-363.94 Cr
Financing Cash Flow -326.09 Cr-232.22 Cr-377.51 Cr-97.67 Cr
Capital Expenditure --102.63 Cr-128.23 Cr-120.66 Cr-179.85 Cr
Free Cash Flow -321.18 Cr264.51 Cr356.30 Cr278.70 Cr
Net Change in Cash --21.26 Cr7.91 Cr2.53 Cr-3.06 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -27.8%31.3%36.3%36.3%
Operating Margin % -6.3%7.3%7.5%7.0%
Net Margin % -4.6%5.3%5.6%5.2%
ROE % -11.8%14.2%15.0%13.0%
ROCE % -12.2%16.2%18.0%16.0%

Shareholding Pattern

Insiders
55.67%
Institutions
35.47%
Public Float
80.01%

Analyst View

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