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V-Guard Industries Limited

V-Guard Industries Limited

VGUARD.NS
V-Guard Industries LimitedIN flagNational Stock Exchange of India
302.70
INR
-2.00
- -
132.22BMarket Cap
V-Guard Industries Limited
VGUARD.NS
(National Stock Exchange of India)

Recent

price

302.70

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
184,699
155,517
169,314

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
- -
- -
- -
- -
- -
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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.