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V-Guard Industries Ltd share Price

Company details

250.70
252.90
204.00
274.90
6M Return 0.58%
1Y Return 7.80%
Mkt Cap.(Cr) 10,925.36
Volume 25,733
Div Yield 0.52%
OI
-
OI Chg %
-
Volume 25,733

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Strong topline growth; Inventory loss drags margin

About The Stock

    V-Guard is among India’s leading fast moving consumer electrical goods companies with market leadership position in the stabiliser business.

    • The company has a wide portfolio of products ranging from switchgears, water heaters, stabilisers, fans and many more
    • V-Guard has maintained strong return ratios with RoE and RoCE at ~18% and ~24%, respectively (three year’s average)

Q4FY22 Results

    Electricals and consumer durable segments drive topline growth but higher raw material costs drag EBITDA margins

    • Revenue growth of ~24% YoY to ₹ 1058 crore in Q4 was led by 33% & 32% growth in electrical and consumer durable segments, respectively
    • EBITDA margin declined 242 bps YoY to 10.5% due to higher RM costs

    Lower EBITDA margin resulted in flattish PBT of ~₹ 10 crore in Q4. However, PAT was up by 31% YoY to ~₹ 90 crore supported by lower tax outgo

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V-Guard Industries Ltd.

Q3FY23 Quarterly Result Announced for V-Guard Industries Ltd.

Electrical equipment firm V-Guard Industries announced Q3FY23 results:

  • Consolidated Q3FY23 & 9MFY23:
    • Net revenue from operations for Q3FY23 is Rs 980.84 crore a growth of 1.4% over the revenue recorded in the corresponding period of the previous year (Rs 967.57 crore).
    • Profit after tax for the quarter is Rs 39.29 crore as against Rs 53.92 crore in the corresponding period of the previous year.
    • Net revenue from operations for 9MFY23 is Rs 2,985.90 crore; a growth of 22.3% over the revenue recorded in the corresponding period of the previous year (Rs 2,441.02 crore).
    • Profit after tax for 9MFY23 is Rs 136.32 crore as against Rs 138.86 crore in the corresponding period of the previous year.

Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "Turnover growth for Q3 was 1.4% YoY due to a high base, while the CAGR for the past three years is at 15.8%. The Durables segment continues to grow well. We are making sustained progress in growing the business in the non-south markets. Our A&P spends have returned to normal levels after two years of lower spending during Covid. Margins are still lower than pre-Covid levels especially in Durables, as were holding more than normal inventories at a higher cost. With inventory levels have come down, we should see margins reverting to pre-Covid levels in the next 1- 2 quarters."

 

 

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OUR RESEARCH VIEW

Investment recommendation

Strong topline growth; Inventory loss drags margin
Call Date
29 Jul 2022
Entry Price 224.00
Target Price -
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

V-Guard Industries Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,406.95 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 943.10 32,637.51
LAST 3M 17,174.81 50,737.17
LAST 6M 66,045.02 26,732.81
LAST 12M 121,409.17 72,523.78

V-Guard Industries Ltd Information

Stock PE (TTM)
47.73
Promoter Holding
55.8%
Book Value
33.7114
ROCE
21.63%
ROE
17.45%
Registered Address

No 42/962 Vennala High, School Road Vennala, Kochi, Kerala, 682028

Tel : 91-0484-3005000
Email : mail:vguard.in
Website : http://www.vguard.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532953
NSE Code : VGUARD
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE951I01027

FAQ’s on V-Guard Industries Ltd Shares

You can buy V-Guard Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy V-Guard Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2023 10:19 AM the closing price of V-Guard Industries Ltd was ₹ 252.80.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 30, 2023 10:19 AM, the market cap of V-Guard Industries Ltd stood at ₹ 10,925.36.

The latest PE ratio of V-Guard Industries Ltd as of May 30, 2023 10:19 AM is 47.73

The latest PB ratio of V-Guard Industries Ltd as of May 30, 2023 10:19 AM is 0.13

The 52-week high of V-Guard Industries Ltd is ₹ 274.90 while the 52-week low is ₹ 204.00

According to analyst recommendations, V-Guard Industries Ltd has a “Buy” rating for the long term.

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