1. India Stocks

  2. •

    Industrials

  3. •

    Electrical Equipment & Parts
V-Guard Industries Limited

V-Guard Industries Limited

VGUARD.BO
V-Guard Industries LimitedIN flagBombay Stock Exchange
303.90
INR
-1.45
- -
132.55BMarket Cap
V-Guard Industries Limited
VGUARD.BO
(Bombay Stock Exchange)

Recent

price

303.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
17.32
22.92
32.28
36.05
41.36
44.04
49.1
54.09
60.09
58.03
62.93
81.32
94.77
110.35
127.48
- -
127.32
Revenue per Share
1.02
1.22
1.51
1.68
1.69
2.66
3.42
3.16
3.92
4.38
4.68
5.29
4.38
5.89
7.17
- -
6.6
Basic EPS, GAAP
-1.05
1.3
-0.37
1.86
1.83
2.77
2.06
0.25
2.38
1.3
3.67
-3.75
7.44
6.05
8.14
- -
- -
Free Cash Flow per Basic Share
0.21
0.25
0.25
0.25
0.32
0.64
0.21
0.84
0.84
2.05
- -
1.2
1.3
1.29
1.4
- -
- -
Dividend per Share
2.26
3.02
4.07
5.18
6.26
8.05
11.17
13.43
16.45
18.68
23.32
27.32
30.36
34.54
40.2
- -
- -
Book Value per Share
3.99
4.85
6.06
7.43
8.86
11.22
14.9
17.45
20.94
23.14
28.06
32.35
21.43
25.49
31.86
- -
- -
Tangible Book Value per Share
418
418
418
418
418
420
423
425
426
428
429
430
432
437
438
- -
437
Basic Weighted Avg Shares
7,236
9,578
13,489
15,063
17,308
18,500
20,748
22,979
25,623
24,812
26,987
35,002
40,920
48,218
55,778
59,658
55,661
Sales/Revenue/Turnover
9.04
8.85
7.34
7.43
6.85
8.93
9.37
7.49
7.99
9.46
10.24
8.32
6.25
7.25
7.49
7.02
6.83
Operating Margin (%)
79
97
114
120
154
154
162
197
230
294
386
491
644
809
957
1,079
1,002
Depreciation Expense
426
508
629
701
707
1,117
1,446
1,343
1,672
1,871
2,008
2,277
1,891
2,576
3,137
3,083
2,886
Net Income, GAAP
27.87
26.56
23.44
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
24.02
Effective Tax Rate (%)
5.89
5.3
4.66
4.66
4.09
6.04
6.97
5.84
6.53
7.54
7.44
6.51
4.62
5.34
5.62
5.17
5.18
Profit Margin (%)
724
1,078
1,496
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
- -
Working Capital
26
197
320
310
212
56
24
- -
- -
332
499
486
3,398
2,272
984
1,306
- -
LT Debt
1,720
2,106
2,613
3,184
3,777
4,771
6,344
7,513
9,019
9,991
12,160
14,124
16,076
18,142
20,978
23,730
- -
Total Equity
17.47
19.22
19.73
19.05
18.54
24.15
24.82
18.99
19.13
18.51
16.91
16.61
10.69
12.37
14.41
13.36
- -
Return on Invested Capital (%)
29.5
26.96
27.41
26.01
26
34.23
34.92
25.54
25.86
24.09
21.18
20.06
13.12
15.44
17.47
30.23
98.45
Return on Capital (%)
68.5
45.99
42.47
36.3
29.57
37.22
35.7
25.75
26.3
24.95
22.33
20.93
15.21
18.27
19.2
34.21
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
352
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
984
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
436
- -
Market Capitalization
184,655
156,414
169,270

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
17,525
- -
Cash, Cash Equivalents & STI
- -
639
- -
Accounts Receivable, Net
- -
5,423
- -
Inventories
- -
9,973
- -
Total Current Liabilities
- -
10,230
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
352
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
12.71%
17.42%
6.96%
Total Cash Common Dividend
7,553.61%
15,052.64%
7.17%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,148
11,338
11,654
13,079
48,218
2025
14,771
12,933
12,686
15,381
55,778
2026
14,661
14,035
17,553
- -
59,658

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.48
1.35
1.33
- -
5.89
2025
2.26
1.45
1.38
2.08
7.17
2026
1.69
1.3
2.56
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.29
2025
- -
- -
- -
- -
1.4
2026
- -
- -
- -
- -
- -
Similar Companies
Cosel Co., Ltd. (COSXF)
CALB Group Co., Ltd. (3931.HK)
Hammond Manufacturing Company Limited (HMM-A.TO)
Sanil Electric Co., Ltd. (062040.KS)
AMETEK, Inc. (0HF7.L)
Shenzhen Genvict Technologies Co., Ltd. (002869.SZ)
Business
V-Guard Industries Ltd. manufactures and markets a diversified portfolio of consumer electricals, electronics, and home appliances in India. The company offers voltage stabilizers, digital UPS systems, inverters and inverter batteries, electric and solar water heaters, domestic and agricultural pumps, industrial motors, domestic switchgears, distribution boards, wiring and industrial cables, ceiling and pedestal fans, air coolers, and kitchen appliances including induction cooktops, mixer grinders, rice cookers, gas stoves, chimneys, and hobs under the V-Guard and Sunflame brands. Headquartered in Kochi, Kerala, and founded in 1977, V-Guard operates 11 manufacturing plants across India, with over 400 distributors, 100,000 retailers, and 35 branches serving domestic, industrial, and agricultural customers nationwide, emphasizing expansion into non-South markets. In fiscal year 2023, V-Guard completed the acquisition of Sunflame Enterprises Private Ltd. for Rs 680.33 crore, integrating its kitchen appliances portfolio and establishing professional leadership to leverage traditional channels and e-commerce growth. Subsidiary V-Guard Consumer Products launched commercial production of kitchen appliances at its Vapi, Gujarat facility in March 2024. In July 2025, the board approved Rs 50 crore for capacity expansion at the Hyderabad battery manufacturing plant of wholly-owned subsidiary V-Guard Consumer Products; the company also invested an additional Rs 24 crore in Gegadyne Energy Labs Private Limited to support strategic growth in electronics and appliances.