1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
V-Guard Industries Limited

V-Guard Industries Limited

272.45
INR
-7.45
(-2.66%)
8.49EPS
35.24P/E
131.18BMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
36.05
41.36
44.04
49.1
54.09
60.09
58.03
62.93
81.32
94.77
110.35
126.5
134.99
146.89
Basic EPS, GAAP
1.68
1.69
2.66
3.42
3.16
3.92
4.38
4.68
5.29
4.38
5.89
7.17
7.03
8.52
Free Cash Flow per Basic Share
1.86
1.83
2.77
2.06
0.25
2.38
1.3
3.67
-3.75
7.44
6.05
8.14
6.36
- -
Dividend per Share
0.25
0.32
0.64
0.21
0.84
0.84
2.05
- -
1.2
1.3
1.29
1.39
1.49
- -
Book Value per Share
7.62
9
11.33
14.94
17.61
21.07
23.24
28.16
32.6
37.2
41.77
48.14
54.33
- -
Tangible Book Value per Share
7.43
8.84
11.19
14.83
17.37
20.86
23.02
27.86
32.14
21.41
25.65
31.99
38.5
- -
Basic Weighted Avg Shares
418
418
420
423
425
426
428
429
430
432
437
438
438
438
Sales/Revenue/Turnover
15,063
17,308
18,500
20,748
22,979
25,623
24,812
26,987
35,002
40,920
48,218
55,370
59,184
64,355
Operating Margin (%)
7.43
6.85
8.93
9.37
7.49
7.99
9.46
10.24
8.32
6.25
7.25
7.61
7.08
7.77
Depreciation Expense
120
154
154
162
197
230
294
386
491
644
809
957
1,079
1,086
Net Income, GAAP
701
707
1,117
1,446
1,343
1,672
1,871
2,008
2,277
1,891
2,576
3,137
3,083
3,733
Effective Tax Rate (%)
25.61
30.29
30.62
29.02
24.84
23.47
24.57
29.92
22.29
26.08
24.31
24.21
24.41
24.54
Profit Margin (%)
4.66
4.09
6.04
6.97
5.84
6.53
7.54
7.44
6.51
4.62
5.34
5.67
5.21
5.8
Working Capital
1,924
2,439
3,125
4,350
5,113
6,341
6,516
8,083
9,038
6,886
6,354
7,295
8,750
- -
LT Debt
310
212
56
24
- -
- -
332
499
486
3,398
2,272
984
1,306
- -
Total Equity
3,184
3,777
4,771
6,344
7,513
9,019
9,991
12,160
14,124
16,076
18,142
20,978
23,731
- -
Return on Invested Capital (%)
18.89
18.48
23.94
24.59
18.87
19.04
18.4
16.9
16.57
10.68
12.34
14.52
12.74
- -
Return on Capital (%)
20.11
19.51
24.98
25.68
19.31
20.04
19.25
17.48
16.85
11.19
13.29
14.95
13.32
- -
Return on Common Equity (%)
24.19
20.32
26.13
26.02
19.4
20.28
19.75
18.2
17.39
12.55
15.06
16.04
13.79
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
347
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1,306
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
436
437
437
Market Capitalization
142,663
137,397
131,177

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
19,645
- -
Cash, Cash Equivalents & STI
- -
2,286
- -
Accounts Receivable, Net
- -
5,329
- -
Inventories
- -
10,239
- -
Total Current Liabilities
- -
10,895
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
347
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.55%
14.31%
13.12%
Free Cash Flow
38.95%
-101.25%
-21.78%
Net Income, GAAP
11.88%
10.54%
-1.72%
Sales/Revenue/Turnover
12.62%
17.23%
6.89%
Total Cash Common Dividend
7,553.61%
15,052.64%
7.17%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
14,771
12,933
12,687
15,381
55,370
2026
14,661
- -
14,035
17,553
59,184
2027
18,107
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.26
1.45
1.38
2.08
7.17
2026
1.69
- -
1.3
2.56
7.03
2027
2.97
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1.39
2026
- -
- -
- -
- -
1.49
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Mithun Kochouseph Chittilappilly
Full Time Employees
7,424
Sector
Producer manufacturing
Industry
Electrical products
Address
42/962, Vennala High School Road Kochi KE India 682028
IPO Date
Mar 7, 2008
Website
vguard.in
Similar Companies
Lumentum Holdings Inc. (NASDAQ:LITE)
GE Vernova Inc. (NYSE:GEV)
Eos Energy Enterprises, Inc. (NASDAQ:EOSE)
NuScale Power Corporation (NYSE:SMR)
Bharat Heavy Electricals Limited (NSE:BHEL)
Astor Enerji A.S. (BIST:ASTOR)
Business
V-Guard Industries Limited manufactures and markets a diverse portfolio of electrical and electronic consumer products, including voltage stabilizers, digital UPS systems, inverters and inverter batteries; wires and cables; domestic, agricultural and industrial pumps and motors; switchgears, distribution boards and modular switches; electric and solar water heaters; ceiling fans and air coolers; and kitchen appliances such as induction cooktops, mixer grinders, gas stoves, rice cookers, chimneys, hobs and cookware under the V-Guard, Sunflame and Superflame brands. Founded in 1977 and headquartered in Kochi, Kerala, India, the company operates 11 manufacturing facilities across India, serving retail consumers through over 60,000 channel partners, 32 branches, 400 distributors and 100,000 retailers primarily in the domestic market with exports to 15 countries. V-Guard targets the consumer electronics, electricals and home appliances sectors, emphasizing energy-efficient, innovative and sustainable solutions for residential, industrial and agricultural applications. In January 2023, V-Guard completed the acquisition of Sunflame Enterprises Private Limited for Rs 680 crore, integrating its kitchen appliances portfolio and strengthening northern market presence; in 2023, it launched commercial production of kitchen appliances at a new Gujarat facility and expanded fans production in Panipat; in 2025, the company approved battery manufacturing capacity expansion at its Hyderabad subsidiary with Rs 50 crore investment, an additional Rs 24 crore infusion into EV battery startup Gegadyne Energy Labs, and entry into the lighting business to diversify operations. The company, listed on NSE and BSE under ticker VGUARD, maintains subsidiaries including Sunflame Enterprises, V-Guard Consumer Products and GUTS Electromech, while partnering with Simon Electric for switches distribution in India.