V-Guard Industries Ltd
- P/E
- 31x
- 52-week range
- 259.5 – 384
- ROE
- 14%
- ROCE
- 18%
- Sector
- Consumer Durables
- Industry
- Household Appliances
- Listed on
- NSE, BSE
About
V-Guard Industries Limited is an India-based company which is engaged in the manufacturing, trading, and selling of electronic products. The Company operates through four segments: Electronics, Electricals, Consumer Durables, and Sunflame. Electronics include stabilizers, digital uninterruptible power supply (UPS) and solar inverters. Electricals include Polyvinyl Chloride (PVC) insulated cables, switch gears, pumps, and modular switches. Consumer Durables include fans, water heaters, kitchen appliances and air coolers. Sunflame includes products sold under the trademarks Sunflame and Superflame. The Company operates a well-diversified water heaters category, offering electric, solar, and heat pump models designed to serve both residential and institutional needs. Its products include voltage stabilizers, inverter batteries and solar power systems, wires and cables, domestic switch gears and others. Its stabilizer products include EV 4150, VSN 4170 and VSN 4170.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Household Appliances: 26 companies →V-Guard Industries Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)31 against a typical 34.6: cheaper than most peers (1st = cheapest).12th of 26
- Sales growth+23.5% against a typical +16.3% from a year earlier.9th of 26
- Profit growth+75.7% against a typical +39.1% from a year earlier.6th of 25
- Share price, 3 months−11.9% against a typical −12.6%.13th of 26
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ /[ICRA]A1+ | Stable | 8 Apr 2026 |
| CRISIL | — | — | 27 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Apr 2026 | ▲ Upgrade | [ICRA]AA+ /[ICRA]A1+ | — | ICRA | ₹ 820 Cr. | |
| 27 Nov 2025 | Reaffirmed | — | — | CRISIL | ₹ 150 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 29 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 12 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 28 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 29 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 14 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,134 | 1,165 | 1,343 | 1,477 | 1,294 | 1,269 | 1,538 | 1,466 | 1,341 | 1,404 | 1,755 | 1,811 |
| Expenses | 1,041 | 1,064 | 1,215 | 1,321 | 1,184 | 1,165 | 1,395 | 1,342 | 1,232 | 1,280 | 1,585 | 1,620 |
| Operating Profit | 92 | 102 | 128 | 156 | 110 | 104 | 143 | 124 | 109 | 123 | 171 | 191 |
| OPM % | 8% | 9% | 10% | 11% | 9% | 8% | 9% | 8% | 8% | 9% | 10% | 11% |
| Other Income | 14 | 3 | 5 | 7 | 4 | 5 | 4 | 5 | 5 | −16 | 8 | 12 |
| Interest | 9 | 9 | 10 | 9 | 8 | 6 | 3 | 4 | 2 | 3 | 3 | 3 |
| Depreciation | 20 | 19 | 22 | 22 | 22 | 25 | 27 | 26 | 27 | 27 | 28 | 28 |
| Profit before tax | 78 | 76 | 101 | 132 | 85 | 79 | 118 | 98 | 85 | 77 | 147 | 172 |
| Tax % | 24% | 24% | 24% | 25% | 25% | 24% | 23% | 25% | 23% | 26% | 24% | 24% |
| Net Profit | 59 | 58 | 76 | 99 | 63 | 60 | 91 | 74 | 65 | 57 | 112 | 130 |
| EPS in Rs | 1.36 | 1.34 | 1.75 | 2.28 | 1.46 | 1.38 | 2.09 | 1.69 | 1.5 | 1.31 | 2.57 | 2.98 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 17%
- 3 Years
- 13%
- TTM
- 13%
- 10 Years
- —
- 5 Years
- 10%
- 3 Years
- 20%
- TTM
- 32%
- 10 Years
- 10%
- 5 Years
- 7%
- 3 Years
- 3%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 15%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| V-Guard Industries Ltd | ₹ 265.90 | — | 31x | — | 14% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 92.3x | 19.7x | 0% | 0% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 115.3x | 18x | 0% | 0% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 10.2x | 0% | 0% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 136.1x | 27.1x | 0% | 0% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 46.5x | 10.3x | 0% | 0% |
Management
- Sudarshan Kasturi
- Chief Financial Officer
- Ramachandran Venkataraman
- Chief Operating Officer, Executive Director
- Vikas Kumar Tak
- Compliance Officer, Company Secretary
- Mithun K. Chittilappilly
- Managing Director, Executive Director
- Antony Sebastian K.
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.