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Prices as of 8 Oct 2026 close · Not investment advice

V-Guard Industries Limited

NSE: VGUARDHousehold Appliances

Share price

₹291.85

-3.41% close of 8 Oct 2026

Market cap ₹12,841 CrP/E 33.9

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

74

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹12,841 Cr

P/E ratio

33.9

P/B ratio

5.4

ROCE

18.4%

ROE

14.4%

Dividend yield

0.5%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹382.5552-week low ₹290.80

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 13.4% over the past year, and 17.1% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales held steady, near 9.3% over the last four years.

Whether it grew faster than its sector

It grew 17.1% a year against a sector median of 11.3% — 5.8 percentage points faster.

Room to re-rate, or risk of de-rating

At 33.9× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 64.1×, across 5 companies. It is against its own five-year median of 51.4×, the 0th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.7 times its growth rate, on earnings growth of 20%.

Profit growthPrice per ₹1 profitPer 1% growth
V-Guard Industries Limited — this one20%/yr33.9×₹1.7
LG Electronics India Limited8%/yr64.1×₹8.0
Voltas Limited17%/yr72.9×₹4.3
Blue Star Limited27%/yr58.8×₹2.2
Amber Enterprises India Limited8%/yr111.9×₹14.0
Crompton Greaves Consumer Electricals Limited-10%/yr29.2×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Household Appliances), it ranks 6 of 21 on returns, 5 of 21 on growth, 9 of 21 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 18.4% on capital, ahead of 71% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1716 crore of cash from the business, spent ₹653 crore on plant and equipment, and returned ₹444 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 10 years, about 113 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 88 days for its cash to waiting 39 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

V-Guard's June-quarter sales rose 23.5% and profit 76%, running ahead of the 15% sales growth and 10% profit margin management said in May it was aiming for in FY27.

Announced 29 Jul 2026 · Consolidated

Revenue

₹1,811 Cr

Revenue vs last year

+23.5%

Revenue vs last quarter

+3.2%

Net profit

₹130 Cr

Profit vs last year

+76.0%

Profit vs last quarter

+16.3%

Net margin

7.2%

EPS

₹2.97

Earnings call transcript · 30 Jul 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹12,841 Cr
Prev close
₹291.85
52w High
₹384
52w Low
₹289
Enterprise value
₹12,767 Cr
Beta
0.7
Price CAGR 1y
-16.0%
Price CAGR 3y
2.0%
Price CAGR 5y
3.0%
Price CAGR 10y
9.0%

Ratios

Return on assets
8.3%
PEG ratio
1.7
P/E ratio
33.9
P/B ratio
5.4
EV / EBITDA
21.5
Industry P/E
33.9
ROCE
18.4%
ROCE 5y average
18.6%
ROE
14.4%
Debt / Equity
0.1
Interest coverage
35.0
Dividend yield
0.5%
ROE 3y average
15.0%
ROE last year
14.0%

Annual P&L

Annual revenue
₹5,966 Cr
Annual profit
₹308 Cr
Operating margin
9.0%
Net profit margin
5.2%
EBITDA margin
8.8%
Sales growth 3y
13.1%
Sales growth 5y
17.0%
Profit growth 3y
20.0%
Profit growth 5y
10.0%
EPS
₹7.1
Sales growth TTM
13.0%
Profit growth TTM
32.0%
Dividend payout
21.0%

Quarter P&L

Sales latest quarter
₹1,811 Cr
Profit latest quarter
₹130 Cr
YoY quarterly sales growth
23.5%
YoY quarterly profit growth
75.7%
OPM latest quarter
10.6%

Balance Sheet

Book Value
₹53.9
Face Value
₹1.0
Total debt
₹165 Cr
Total cash
₹59 Cr
Borrowings
₹165 Cr
Reserves / Equity
52.9

Cash Flow

Operating cash flow
₹459 Cr
Free cash flow
₹279 Cr
FCF yield
2.1%
Net cash flow
-₹3 Cr

Shareholding

Promoter holding
53.2%
FII holding
12.0%
DII holding
23.2%
Public holding
11.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
LG Electronics1,758.6065.51,19,5310.00652.927.27,233.415.532.3
Voltas1,067.9075.835,4120.37212.852.24,673.518.79.0
Blue Star1,571.5061.632,5930.54102.5-21.03,377.913.321.2
Amber Enterp.6,869.00117.924,3230.003.1-3.43,887.712.710.3
Crompton Gr. Con211.9830.113,6461.42140.312.12,022.511.219.0
V-Guard Industri306.3035.213,3920.49130.376.41,810.723.518.4
Whirlpool India867.8040.411,0060.58102.9-29.42,726.812.110.7
Median522.8535.03,8270.3732.129.3886.017.110.9

Competes with: Amber Enterprises India Limited, BOSCH HOME COMFORT INDIA LIMITED, Bajaj Electricals Limited, Blue Star Limited, Butterfly Gandhimathi Appliances Limited, CARYSIL LIMITED, Crompton Greaves Consumer Electricals Limited, EPACK Durable Limited, Elin Electronics Limited, Eureka Forbes Limited, IFB Industries Limited, LG Electronics India Limited, Orient Electric Limited, Singer India Limited, Stove Kraft Limited, Symphony Limited, TTK Prestige Limited, Voltas Limited, Whirlpool of India Limited, Wonder Electricals Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2151,1341,1651,3431,4771,2941,2691,5381,4661,3411,4041,7551,811
Expenses1,1101,0411,0641,2151,3211,1841,1651,3951,3421,2321,2801,5851,620
Material Cost403498472448538780
Change in Inventories239.81-1145-1.07-102
Purchases of Stock-in-Trade565418376407599464
Employee Cost137140136116144165
Other Expenses266277258265305312
Operating Profit10592102128156110104143124109123171191
OPM %8.628.168.729.52118.528.219.308.438.158.789.7311
Other Income121435745455-16812
Exceptional items (within Other Income)000-2200
Interest119910986342333
Depreciation20201922222225272627272828
Profit before tax8678761011328579118988577147172
Tax %25242424252524232523262424
Net Profit6459587699636091746557112130
EPS in Rs1.481.361.341.752.281.461.382.091.691.501.312.572.98
Diluted EPS in Rs2.071.681.481.302.552.96

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0862,3262,5942,5032,7213,5004,1274,8575,5785,9666,310
Expenses1,8762,1352,3692,2442,4093,1593,8074,4295,0645,4395,716
Material Cost1,9931,956
Change in Inventories-14842
Purchases of Stock-in-Trade1,7101,799
Employee Cost519536
Other Expenses9901,105
Operating Profit210191225259312341320428514527594
OPM %108910111089999
Other Income12102024201016332018
Exceptional items (within Other Income)0-22
Interest2224681640251211
Depreciation162023293949648196108109
Profit before tax204180220250288294256340414408482
Tax %29252325302226242424
Net Profit145135168188202228189258314308365
EPS in Rs3.413.153.924.374.675.284.385.937.207.068.36
Diluted EPS in Rs7.147.01
Dividend Payout %21222021262530242121

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
17%
3 years
13%
TTM
13%

Compounded profit growth

10 years
—
5 years
10%
3 years
20%
TTM
32%

Stock price CAGR

10 years
9%
5 years
3%
3 years
2%
1 year
-16%

Return on equity

10 years
17%
5 years
15%
3 years
15%
Last year
14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital42434343434343434444
Reserves5927078579531,1681,3641,5641,7712,0542,329
Borrowings6714136968503401134165
Other Liabilities2944144584475946327889361,0981,160
Minority Interest00
Total Liabilities9341,1711,3721,4551,8752,1072,8993,1523,3293,698
Fixed Assets1692182312843704631,2471,3341,3741,524
CWIP107867201727374921
Investments8975833633333410181276
Other Assets6668701,0501,0681,4521,5931,5911,6791,8251,877
Total Assets9341,1711,3721,4551,8752,1072,8993,1523,3383,714

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity13052156141222-37424393477459
Cash from Investing Activity-106-25-51-11241-121-771-153-97-364
Cash from Financing Activity-16-37-25-91-6-62326-232-378-98
Net Cash Flow8-1080-62257-220-2183-3
Free Cash Flow881110357158-161323265357279

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days55716547525049453533
Inventory Days687176105124130979210298
Days Payable54767367946962626771
Cash Conversion Cycle686668858311285757060
Working Capital Days58706574718855414339
ROCE %262626262215182018

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters565554545454545453535353
FIIs131313141414131312121212
DIIs192020202020212223232323
Public121212121212121211111112
No. of Shareholders1,18,1521,18,2761,19,5621,15,8231,40,4171,32,0031,32,9481,33,0001,32,8411,30,2181,33,2571,33,376

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -16.7% (₹350.45 → ₹291.85)Brick size ₹9.36 (fixed)Bricks 33
₹325₹350₹375₹292Nov '25Feb '26Jun '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹291.85 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-74.70inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,76,81,827inr

2026-03-31

volume growth %

9.00pct

2026-06-30

News

News and filings about V-Guard Industries Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Aluminium
  • Copper & enameled copper wire
  • Lead (battery grade)
  • PVC / polymer / plastic compounds (crude derivatives)
  • Steel & castings

Depends on the price of

  • Crude Oil Brent
  • aluminium
  • copper
  • steel
  • sulphuric_acid

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Household Appliances
Classification
Consumer Durables › Household Appliances
ISIN
INE951I01027

Business segments

  • Electricals · 41%
  • Electronics · 28%
  • Cosumer Durables · 27%
  • Sunflame · 4%

Plants

  • Hyderabad battery facility
  • Hyderabad fans facility
  • IMT Faridabad facility
  • K.G. Chavady manufacturing facility · Coimbatore, Tamil Nadu
  • Kala Amb manufacturing facility · Kala Amb, Himachal Pradesh
  • Kashipur manufacturing facility · Kashipur, Uttarakhand
  • Roorkee manufacturing facility · Roorkee, Uttarakhand
  • SIPCOT Perundurai manufacturing facility
  • Sikkim manufacturing facilities (Mamring/Rangpo/Majitar)
  • Vapi kitchen-appliances facility

News impact

Big market events that reach V-Guard Industries Limited, and how the effect spreads.

28 Sept, 13:11 IST · Market event · high impact

V-Guard appoints Mithun Chittilappilly as chairman

V-Guard named Mithun Chittilappilly chairman, giving its own investors a small confidence lift while rivals, suppliers, and buyers feel no real gain or loss.

Consumer Durables

Who it hits first

  • V-Guard Industries, which makes stabilisers, wires, and home electrical goods, named Mithun Chittilappilly as chairman.
  • The move signals leadership continuity rather than a strategy shift, so the direct effect on sales and costs is small.
  • Investors may treat it as a mild confidence cue for the company's direction over the coming days.

Who may gain

  • V-Guard Industries and its shareholders, through steady leadership and a small investor-confidence lift

Along the supply chain

Downstream

No downstream effect — dealers and buyers see no change in products, prices, or supply from this leadership move.

Upstream

No upstream effect — parts supplier Salzer Electronics gets no new orders from a chairman appointment at V-Guard.

Where demand moves

Business

No fresh business demand — a chairman appointment creates no orders, sales, or contracts for V-Guard or its rivals.

Capital

A touch of investor money may favour V-Guard Industries shares on continuity hopes, while rival makers see no capital-flow reason to move.

How it spreads across sectors

Consumer Durables

Near-zero ripple — one company's chairman move does not shift demand, costs, or pricing for the wider appliances and electricals shelf.

When it plays out

Immediate

1-7 days: V-Guard shares may edge up slightly on the news while rival makers stay flat.

Medium term

1-6 months: the appointment matters only if it brings clearer strategy or stronger execution over time.

Short term

1-4 weeks: any early lift fades unless results or guidance confirm the steady hand.

Who it hits first

  • Induction cooker demand to surge 30-40% as government prepares for LPG shortage contingency

Who may gain

  • Havells, Stove Kraft, Crompton, Dixon as direct induction makers/manufacturers
  • V-Guard benefits from stabilizer demand

Along the supply chain

Downstream

LPG distributors see reduced consumer segment demand over time

Upstream

Copper and glass-ceramic suppliers see demand uptick; PG Electroplast benefits

Where demand moves

Business

LPG shortage → consumers shift to induction cooking → appliance demand surges → supply chains for coils, glass-ceramic tops ramp up

Capital

Consumer durables sector gets demand catalyst → money flows from oil/gas to consumer electricals

How it spreads across sectors

Oil & Gas

LPG demand reduction accelerates energy transition

Power

More induction cooking = higher household electricity demand

When it plays out

Immediate

Appliance stocks rally on government demand signal; retail stocking begins

Medium term

If sustained, India's cooking energy mix shifts structurally

Short term

Component supply constraints may cause short-term price inflation

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2026unspecified₹1.5
31 Jul 2025unspecified₹1.5
25 Jul 2024unspecified₹1.4
17 Aug 2023unspecified₹1.3
20 Jul 2022unspecified₹1.3
28 Jul 2021unspecified₹1.2
26 Feb 2020interim₹0.9
16 Jul 2019unspecified₹0.8

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
1 Oct 2026ARAV CHITTILAPPILLY TRUST · Promoter GroupSELL5,00,00015.05
1 Oct 2026KOCHOUSEPH CHITTILAPPILLY · PromoterSELL69,3022.09
3 Sep 2026DEEPAK AUGUSTINE · EmployeeSELL3,0000.10
19 Aug 2026PRIYA SARAH CHEERAN JOSEPH · OtherSELL4,18,05313.82
19 Aug 2026DEEPAK AUGUSTINE · EmployeeSELL3,0000.10
19 Aug 2026DEEPAK AUGUSTINE · EmployeeSELL1,0000.03
17 Aug 2026PRIYA SARAH CHEERAN JOSEPH · OtherSELL4,81,94716.05
17 Aug 2026PRIYA SARAH CHEERAN JOSEPH · OtherSELL1,00,0003.30

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.