V-Guard Industries Limited (IN:VGUARD)
:VGUARD
Want to see IN:VGUARD full AI Analyst Report?
Top Page
V-Guard Industries Limited
(VGUARD)
Select Model
Select Model
Rating:64Neutral
Price Target:
₹348.00
▲(5.84% Upside)
Action:Reiterated
Date:05/14/26
The score is primarily supported by strong financial health and low leverage, but is held back by recent margin pressure/slowing growth, a weak-to-neutral technical setup (below key moving averages), and a high P/E with limited dividend support.
Positive Factors
Conservative balance sheet
Very low leverage and a conservatively financed balance sheet give V-Guard durable financial flexibility. Low debt reduces refinancing and interest-rate risk, supports sustained capex and distribution expansion, and provides a cushion versus input-cost shocks, enabling consistent investment in brand and operations.
Negative Factors
Decelerating revenue growth
Top-line growth has slowed materially into 2025–2026, reducing operating leverage and the pace at which scale advantages accrue. If this deceleration persists, it constrains reinvestment capacity, elevates pressure to expand into new segments or geographies, and raises execution risk for long-term targets.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a conservatively financed balance sheet give V-Guard durable financial flexibility. Low debt reduces refinancing and interest-rate risk, supports sustained capex and distribution expansion, and provides a cushion versus input-cost shocks, enabling consistent investment in brand and operations.
Read all positive factors
V-Guard Industries Limited (VGUARD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹133.90B
Dividend Yield0.45%
Average Volume (3M)133.00K
Price to Earnings (P/E)43.6
Beta (1Y)0.70
Revenue Growth6.96%
EPS Growth-2.06%
CountryIN
Employees3,006
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)6.63
Shares Outstanding436,803,800
10 Day Avg. Volume137,322
30 Day Avg. Volume133,005
Financial Highlights & Ratios
PEG Ratio-22.95
Price to Book (P/B)5.82
Price to Sales (P/S)2.32
P/FCF Ratio51.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹390.00Price Target Upside18.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)9.25
Revenue Forecast (FY)₹67.34B
V-Guard Industries Limited Business Overview & Revenue Model
Company Description
V-Guard Industries Limited manufactures, sells, and trades in electric and electronic goods in India and internationally. It operates through Electronics, Electrical, and Consumer Durables segments. The company offers a range of products, includin...
How the Company Makes Money
V-Guard makes money mainly by selling branded consumer electrical and electronic products in India. Its revenue is generated from (1) power protection products—such as voltage stabilizers and inverter/UPS solutions—sold to households and small bus...
V-Guard Industries Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.73B | 59.66B | 55.37B | 48.22B | 40.92B | 35.00B |
| Gross Profit | 17.57B | 15.24B | 18.70B | 15.09B | 11.38B | 10.86B |
| EBITDA | 5.00B | 5.27B | 5.34B | 4.61B | 3.36B | 3.51B |
| Net Income | 2.90B | 3.08B | 3.14B | 2.58B | 1.89B | 2.28B |
Balance Sheet | ||||||
| Total Assets | 33.38B | 37.14B | 33.38B | 31.61B | 29.07B | 20.97B |
| Cash, Cash Equivalents and Short-Term Investments | 1.00B | 2.40B | 746.40M | 876.70M | 665.40M | 608.37M |
| Total Debt | 2.69B | 1.65B | 1.34B | 4.01B | 5.03B | 683.52M |
| Total Liabilities | 11.48B | 13.41B | 12.40B | 13.47B | 12.99B | 6.94B |
| Stockholders Equity | 21.90B | 23.73B | 20.98B | 18.14B | 16.08B | 14.07B |
Cash Flow | ||||||
| Free Cash Flow | 1.10B | 2.69B | 3.56B | 2.65B | 3.21B | -1.63B |
| Operating Cash Flow | 1.95B | 4.48B | 4.77B | 3.93B | 4.24B | -387.07M |
| Investing Cash Flow | -1.19B | -3.66B | -969.20M | -1.53B | -7.71B | -1.20B |
| Financing Cash Flow | -830.40M | -852.90M | -3.78B | -2.32B | 3.26B | -614.81M |
V-Guard Industries Limited Technical Analysis
Negative
328.80
Price Trends
323.31
Negative
322.85
Negative
339.91
Negative
Market Momentum
-4.92
Positive
37.97
Neutral
31.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VGUARD, the sentiment is Negative. The current price of 328.8 is above the 20-day moving average (MA) of 320.44, above the 50-day MA of 323.31, and below the 200-day MA of 339.91, indicating a bearish trend. The MACD of -4.92 indicates Positive momentum. The RSI at 37.97 is Neutral, neither overbought nor oversold. The STOCH value of 31.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VGUARD.
V-Guard Industries Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹173.88B | 24.36 | ― | 1.04% | 18.84% | 1.84% | |
72 Outperform | ₹504.94B | 54.83 | ― | 0.09% | 20.83% | 27.47% | |
68 Neutral | ₹232.54B | 47.25 | ― | 0.49% | 27.62% | 57.80% | |
66 Neutral | ₹738.22B | 43.69 | ― | 0.70% | 3.44% | 14.78% | |
64 Neutral | ₹133.90B | 43.58 | ― | 0.45% | 6.96% | -2.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ₹1.43T | 52.53 | ― | 0.46% | 29.08% | 32.16% |
* Industrials Sector Average
IN:VGUARD
V-Guard Industries Limited
306.55
-66.70
-17.87%
IN:FINCABLES
Finolex Cables Limited
1,136.90
177.65
18.52%
IN:HAVELLS
Havells India Limited
1,176.90
-326.53
-21.72%
IN:KEI
KEI Industries Limited
5,281.75
1,691.35
47.11%
IN:POLYCAB
Polycab India Ltd.
9,486.90
3,593.87
60.99%
IN:RRKABEL
RR Kabel Ltd.
2,055.95
674.47
48.82%
V-Guard Industries Limited Corporate Events
V-Guard uploads FY26 earnings call recording for investor access
May 12, 2026
V-Guard Industries Limited has informed the stock exchanges that the audio recording of its earnings call discussing financial results for the quarter and year ended March 31, 2026, has been uploaded to the company’s website for investors an...
V-Guard files Q4 FY26 investor presentation with Indian exchanges
May 12, 2026
V-Guard Industries Limited has submitted an investor presentation detailing its audited financial results for the fourth quarter and full financial year ended March 31, 2026. The disclosure, made under Regulation 30 of the SEBI Listing Obligations...
V-Guard Raises Stake in Gegadyne to Deepen Bet on Alternate Battery Technology
Mar 10, 2026
V-Guard Industries Limited has approved a fresh investment of ₹25 crore in its associate company Gegadyne Energy Labs Private Limited, increasing its fully diluted stake to 30.35 percent. Gegadyne operates in the energy storage space with al...
V-Guard Shareholders Clear All Postal Ballot Resolutions, Strengthen Board
Mar 9, 2026
V-Guard Industries Limited has announced the results of a recent postal ballot, confirming that all resolutions put to shareholders via remote e-voting between February 7 and March 8, 2026, were approved with the requisite majority. Based on these...
V-Guard’s ESG Score Edges Higher in Independent NSE Sustainability Assessment
Feb 19, 2026
V-Guard Industries Limited has received an ESG rating of 69 for FY25 from NSE Sustainability Ratings and Analytics, a marginal improvement over its score of 68 for FY24, reflecting its performance on environmental, social, and governance parameter...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.