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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Electricals (41%), Electronics (28%), Consumer Durables (27%), Sunflame (4%). Asset-light, branded consumer durables and electricals business with a multi-segment dealer-driven model.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,498 | 4,126 | 4,857 | 5,578 | 5,966 |
| EBITDA (ex other income) | 338 | 320 | 427 | 513 | 505 |
| margin % | 9.7 | 7.8 | 8.8 | 9.2 | 8.5 |
| Owners' profit | 228 | 189 | 258 | 314 | 308 |
| EPS, as reported (₹) | 5.29 | 4.38 | 5.89 | 7.17 | 7.03 |
| ROE % · ROCE % | 16.2 · 20.4 | 11.8 · 13.0 | 14.2 · 17.6 | 15.0 · 18.9 | 13.0 · 16.0 |
| Debt / equity (x) | 0.01 | 0.26 | 0.16 | 0.01 | 0.00 |
| Cash from operations | (39) | 424 | 393 | 477 | 459 |
| Capex | (125) | (103) | (128) | (121) | (180) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,294 | 1,269 | 1,538 | 1,466 | 1,341 | 1,404 | 1,755 | 1,811 |
| Profit before tax | 85 | 79 | 118 | 98 | 85 | 77 | 147 | 172 |
| Net profit | 63 | 60 | 91 | 74 | 65 | 57 | 112 | 130 |
| EPS (₹) | 1.45 | 1.38 | 2.08 | 1.69 | 1.49 | 1.30 | 2.56 | 2.97 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Electronics | 1,640 | 27.5 |
| Electricals | 2,461 | 41.2 |
| Cosumer Durables | 426 | 7.1 |
| Sunflame | 250 | 4.2 |
| Consumer Durables | 1,190 | 19.9 |
| Total, before eliminations | 5,967 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LG ELECTRONICS INDIA LTD | 1,11,217 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · V-Guard to attend Axis Capital Consumer & Tech Conference | board shareholder meetings | low | — | — |
| 19 Aug 2026 · ICICI Prudential MF cuts V-Guard stake from 7.04% to 4.93% | ownership changes | high | — | — |
| 19 Aug 2026 · ICICI Prudential MF cuts V-Guard stake from 7.04 percent to 4.93 percent | ownership changes | high | — | — |
| 12 Aug 2026 · 30th AGM voting results - all 7 resolutions passed including dividend and director appointments | board shareholder meetings | low | — | — |
| 11 Aug 2026 · V-Guard 30th AGM held; Rs 1.50 dividend proposed, results pending | board shareholder meetings | low | — | — |
| 11 Aug 2026 · V-Guard ESG rating upgraded to 68 by CRISIL, Strong rating retained | business updates | medium | — | — |
| 5 Aug 2026 · V-Guard Q1 FY27 transcript: revenue up 23.5%, PAT up 76%, EBITDA margin expands | investor communications | medium | — | — |
| 5 Aug 2026 · V-Guard Q1 FY27 earnings transcript: revenue up 23.5%, PAT jumps 76% | investor communications | medium | — | — |
| 30 Jul 2026 · Earnings call audio for Q1 FY27 results uploaded on V-Guard website | board shareholder meetings | low | — | — |
| 30 Jul 2026 · V-Guard Q1 FY27: standalone net profit nearly doubles YoY | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 60.9 |
| 14.51 |
| — |
| 22.0 |
| 27.2 |
| — |
| 13.8 |
| VOLTAS LTD | 38,538 | 85.8 | 6.02 | 45.1 | 5.8 | 9.9 | 13.8 | 7.6 |
| BLUE STAR LIMITED | 32,032 | 62.9 | 9.33 | 33.9 | 15.4 | 18.9 | 23.8 | 6.1 |
| AMBER ENTERPRISES (I) LTD | 25,552 | 265.5 | 4.40 | 27.1 | 3.9 | 5.3 | 32.1 | 6.1 |
| CROMPT GREA CON ELEC LTD | 14,874 | — | 4.33 | 107.8 | (6.7) | (2.1) | 11.0 | 11.0 |
| V-GUARD IND LTD. ◆ | 14,215 | 39.1 | 5.99 | 26.8 | 13.0 | 15.5 | 17.0 | 11.2 |
| WHIRLPOOL OF INDIA LTD | 9,683 | 38.6 | 2.33 | 13.9 | 7.1 | 8.1 | 6.4 | 7.6 |
| EUREKA FORBES LIMITED | 7,643 | 42.5 | 1.66 | 25.3 | 3.5 | 3.9 | — | 13.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 39.1 | 42.5 | 9 of 19 | 56% |
| P/B | 6.0 | 4.9 | 15 of 23 | 36% |
| ROCE | 15.5 | 9.4 | 7 of 24 | 74% |
| ROE | 13.0 | 7.1 | 6 of 23 | 77% |
| Debt / Equity | 0.0 | 0.0 | 8 of 23 | 68% |
| EBITDA margin | 11.2 | 7.6 | 7 of 23 | 73% |
| Revenue growth | 23.5 | 15.4 | 6 of 22 | 76% |
| Profit growth | 76.4 | 38.1 | 5 of 21 | 80% |
| Market cap | 14215 | 3977 | 6 of 24 | 78% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
