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

₹ 414 -2.75%
21 Nov - 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

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

Website BSE NSE
  • Market Cap ₹ 18,018 Cr.
  • Current Price ₹ 414
  • High / Low ₹ 577 / 283
  • Stock P/E 60.7
  • Book Value ₹ 44.4
  • Dividend Yield 0.34 %
  • ROCE 17.5 %
  • ROE 15.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 26.0%
  • Company's working capital requirements have reduced from 71.2 days to 54.3 days

Cons

  • Stock is trading at 9.32 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

Part of BSE 250 SmallCap Index Nifty Smallcap 250 Nifty Consumer Durables BSE Consumer Discretionary Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
907 968 1,059 1,018 987 982 1,139 1,215 1,134 1,165 1,343 1,477 1,294
813 881 947 936 913 915 1,042 1,110 1,041 1,064 1,215 1,321 1,184
Operating Profit 95 87 112 82 73 67 97 105 92 102 128 156 110
OPM % 10% 9% 11% 8% 7% 7% 9% 9% 8% 9% 10% 11% 9%
3 3 3 5 3 5 4 12 14 3 5 7 4
Interest 3 2 2 2 2 2 10 11 9 9 10 9 8
Depreciation 11 14 13 14 15 17 19 20 20 19 22 22 22
Profit before tax 83 74 100 72 59 53 72 86 78 76 101 132 85
Tax % 29% 27% 10% 26% 26% 26% 27% 25% 24% 24% 24% 25% 25%
59 54 90 53 44 39 53 64 59 58 76 99 63
EPS in Rs 1.38 1.23 2.08 1.24 1.01 0.91 1.22 1.48 1.36 1.34 1.75 2.28 1.46
Raw PDF

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 TTM
2,086 2,326 2,594 2,503 2,721 3,500 4,127 4,857 5,279
1,876 2,135 2,369 2,244 2,409 3,159 3,807 4,429 4,784
Operating Profit 210 191 225 259 312 341 320 428 496
OPM % 10% 8% 9% 10% 11% 10% 8% 9% 9%
12 10 20 24 20 10 16 33 19
Interest 2 2 2 4 6 8 16 40 36
Depreciation 16 20 23 29 39 49 64 81 85
Profit before tax 204 180 220 250 288 294 256 340 394
Tax % 29% 25% 23% 25% 30% 22% 26% 24%
145 135 168 188 202 228 189 258 297
EPS in Rs 3.41 3.15 3.92 4.37 4.67 5.28 4.38 5.93 6.83
Dividend Payout % 21% 22% 20% 21% 26% 25% 30% 24%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 21%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 9%
TTM: 38%
Stock Price CAGR
10 Years: 18%
5 Years: 13%
3 Years: 21%
1 Year: 44%
Return on Equity
10 Years: %
5 Years: 16%
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 Sep 2024
Equity Capital 42 43 43 43 43 43 43 43 44
Reserves 592 707 857 953 1,168 1,364 1,564 1,771 1,887
6 7 14 13 69 68 503 401 256
294 414 458 447 594 632 788 936 1,054
Total Liabilities 934 1,171 1,372 1,455 1,875 2,107 2,899 3,152 3,240
169 218 231 284 370 463 1,247 1,334 1,354
CWIP 10 7 8 67 20 17 27 37 31
Investments 89 75 83 36 33 33 34 101 151
666 870 1,050 1,068 1,452 1,593 1,591 1,680 1,704
Total Assets 934 1,171 1,372 1,455 1,875 2,107 2,899 3,152 3,240

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
130 52 156 141 222 -37 424 393
-106 -25 -51 -111 41 -121 -771 -153
-16 -37 -25 -91 -6 -62 326 -232
Net Cash Flow 8 -10 80 -62 257 -220 -21 8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 55 71 65 47 52 50 49 45
Inventory Days 68 71 76 105 124 130 97 92
Days Payable 54 76 73 67 94 69 62 62
Cash Conversion Cycle 68 66 68 85 83 112 85 74
Working Capital Days 58 70 67 75 73 90 69 54
ROCE % 26% 26% 26% 26% 22% 15% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.96% 55.88% 55.88% 55.86% 55.85% 55.80% 55.63% 55.63% 54.56% 54.48% 54.42% 54.40%
14.32% 12.67% 12.39% 12.92% 12.91% 12.84% 12.83% 13.16% 13.01% 13.34% 13.90% 13.85%
15.99% 17.31% 18.10% 18.06% 18.94% 19.10% 19.38% 19.37% 20.45% 20.18% 20.16% 19.88%
13.73% 14.14% 13.63% 13.14% 12.31% 12.27% 12.18% 11.84% 11.96% 11.99% 11.51% 11.88%
No. of Shareholders 1,27,9721,45,1641,36,9861,37,0081,25,4311,23,1311,17,0611,18,1521,18,2761,19,5621,15,8231,40,417

* 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.

Click on the line-items to see the names of individual entities.

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