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NSE:VGUARD

V-GUARD IND LTD.

Consumer Durables › Consumer Durables·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹264.00
at close · 28 Oct 2026
▼ 1.00 (-0.38%)
ThemesElectronics Manufacturing (EMS)· coreBatteries & Energy Storage· growing

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. V-Guard grants 16,747 employee stock options at Rs 1 · Capital Market Events
  2. V-Guard ESG Rating improves to 73 from 70 for FY26 · Business Updates
  3. V-Guard earnings call for Q2 and H1FY27 on October 30, 2026 · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells household electrical and consumer durable products through four segments. Electricals is the largest at 41.2% of FY26 revenue (INR 2,461.08 cr), covering wires, switchgears and similar items sold primarily through dealer and distributor networks in India. Electronics contributes 27.5% (INR 1,639.58 cr) and includes inverters, batteries and fans, with BLDC ceiling fans now accounting for ~40% of ceiling fan sales and a rapidly growing solar inverter line. Consumer Durables contributes 27.1% (INR 1,615.88 cr), covering kitchen and other home appliances. Sunflame, the kitchen appliances brand acquired earlier, adds 4.2% (INR 250.23 cr) and is now integrated into the wider distribution network. The business runs from 9 manufacturing plants across 78 locations, employs 4,548 staff plus 2,876 workers, and exports to 5 countries (a small share of sales). The biggest cost is raw materials at 32.8% of revenue, and management is currently working to pass through 8-13% input cost inflation via price hikes.

Revenue mix · reported segments
Electricals41.2%
Electronics27.5%
Consumer Durables27.1%
Sunflame4.2%
Operating scale
Manufacturing plants
9 plantsFY26
Locations
78 locationsFY26
Employees
4,548 employees + 2,876 workersFY26
Export footprint
Exports to 5 countries (0.04% of sales)FY26
BLDC ceiling fan share
~40% of ceiling fan salesFY26
Non-South revenue share
48% of full-year revenueFY26
Who pays it
Indian households buying fans, inverters, kitchen appliances, wires and switchgear through dealers, distributors and retailers.
Biggest cost
Raw materials (32.8% of FY26 revenue), currently inflated 8-13% on the back of West Asia-related supply shocks.
Kind of business
Asset-light, branded consumer durables and electricals business with a multi-segment dealer-driven model.
Where it sits
Multi-category Indian household appliances and electricals company with 9 plants, four product segments and growing non-South footprint.
Market Cap
₹11,534 Cr
P / E (TTM)
31.7×
EV / EBITDA
19.1×
Div Yield
0.57%
Growth
17.0%▲
Revenue 5y CAGR
PAT +8.8% · EBITDA +9.7%
Quality
17.6%▲
ROCE (5y median)
ROE 14.2% (5y median) · margin 8.9%
Leverage
0.00·
Debt / Equity · low
Net cash ₹38 Cr
Revenue FY21→FY26
2.2×▲
Margin −2.3 pts
₹2,721 Cr → ₹5,966 Cr
Cash conversion
1.32×▲
Operating cash ÷ profit · 5 yrs
₹1,713 Cr on ₹1,297 Cr
Moves on a normal day
1.01%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 23 Household Appliances peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#6/19
P/B#14/23
ROCE#7/24
ROE#6/23
Debt / Equity#8/23
EBITDA margin#7/23
Revenue growth#6/22
Profit growth#5/21

Scorecard

Measured from the filed financials, judged against its Household Appliances peers · as of FY26 — not investment advice

Strengths
Revenue compounding 17% a year over 5 years
Returns on capital 17.6% (5-year median)
#7 of 24 in Household Appliances on the latest reported figures · down from 22.9% in FY21
Debt at 0.00× equity
lower than 68% of its 23 Household Appliances peers
Over 5 years it reported ₹1,297 Cr of profit and ₹1,713 Cr of operating cash — 1.32×
Profit is converting into cash
Pays out 21% of profit as dividend
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

VGUARD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from V-GUARD IND LTD.'s filed financials and exchange disclosures

What does V-GUARD IND LTD. do?

V-GUARD IND LTD. is a Consumer Durables company listed on NSE and BSE, trading under the symbol VGUARD.

Is V-GUARD IND LTD. profitable?

Yes. Over the trailing twelve months V-GUARD IND LTD. reported a net profit of ₹365 Cr on revenue of ₹6,310 Cr.

Does V-GUARD IND LTD. pay a dividend?

Yes. The dividend yield is 0.57% at the current price. It paid out 21% of its profit as dividend in FY26.

Is V-GUARD IND LTD. debt-free?

On a net basis, yes. It reported borrowings of ₹8.84 Cr on its 31 Mar 2026 balance sheet, but holds ₹38 Cr more cash than debt.

Is V-GUARD IND LTD. expensive compared with its peers?

On trailing P/E, V-GUARD IND LTD. ranks 6 of 19 in Household Appliances — cheaper than 72% of them, against an industry median of 42.1×. This is a position, not a valuation judgement.

How much does the V-GUARD IND LTD. share price move in a day?

On a typical session V-GUARD IND LTD. moves 1.01% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are V-GUARD IND LTD.'s next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track V-GUARD IND LTD.'s announcements?

Every NSE and BSE filing by V-GUARD IND LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.