V-Guard Industries Limited has informed the Exchange about Capacity addition
VGUARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
V-Guard's board approved a ₹50 crore capacity expansion at the battery manufacturing facility of its wholly-owned subsidiary V-Guard Consumer Products Limited in Hyderabad, adding 3.96 lakh units per annum to the existing 3.60 lakh units capacity. The plant is currently running at ~80% utilisation (peaks at 90%), and the expansion is expected to complete in about 18 months, funded entirely through internal accruals to tap into the growing domestic battery storage market. For FY25, the company reported standalone revenue of ₹5,308.87 crore (up 16.5% YoY) and PAT of ₹260.22 crore (up 12.7%), while consolidated revenue grew to ₹5,577.82 crore with PAT of ₹313.72 crore (up 21.8%). The board recommended a final dividend of ₹1.50 per share (150%). Also approved: re-appointment of Mithun K Chittilappilly as Managing Director for 5 years from April 2026, re-appointment of George Muthoot Jacob as Independent Director for a second term, allotment of 2,15,253 shares under ESOS 2013, and various auditor appointments.
The battery capacity expansion signals management's confidence in demand growth and aims to capture better margins through in-house manufacturing, though the ₹50 crore outlay is modest (~2.5% of standalone net worth) and self-funded, so it is unlikely to strain the balance sheet. Combined with healthy FY25 earnings growth and a steady dividend, the impact on shareholders is positive but incremental rather than transformational.