V-Guard Industries Limited share price
NSE: VGUARD · ISIN INE951I01027
Key numbers
- Market cap
- ₹ 13,297 Cr
- Current price
- ₹ 304.35
- 52-week high / low
- ₹ 384 / 289
- Stock P/E
- 36.7
- Book value
- ₹ 54.3
- Dividend yield
- 0.49%
- ROCE
- 17.6%
- ROE
- 13.8%
- Debt to equity
- 0.07
- Sales growth (3 yrs)
- 13.1%
- Profit growth (3 yrs)
- 17.7%
- 1-year return
- -16.9%
About V-Guard Industries Limited
V-Guard Industries Limited manufactures and sells electrical and electronic products in India and internationally. It operates through four segments: Electronics, Electrical, Consumer Durables and Sunflame. The Electronics segment offers voltage stabilizers; and inverter, digital DUPS, inverter batteries, UPS, solar inverters, solar power systems, off grid and on grid systems and inverters, and on grid photovoltaic (PV) inverters. The Electrical segment provides wires; pumps, such as domestic and agricultural pumps, and electric motors; modular switches, including matteo, novio, and torio switches; switchgears; and PVC insulated cables. The Consumer Durables Segment offers fans, such as ceiling, table, pedestal, wall, ventilating and exhaust, and other fans; air coolers, including desert, window-mounted, and personal and room variants; water heaters, such as electric, solar and heat pump water heaters; and kitchen appliances comprising induction cooktop, mixer grinders, gas cooktops, rice cookers, water purifiers, small and large appliances like kitchen hoods, and breakfast appliances. The Sunflame segment sells products under Sunflame and Superflame brands. It sells its products…
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 1,538 | 1,466 | 1,404 | 1,755 | 1,811 |
| Operating profit | 143 | 124 | 123 | 171 | 191 |
| Net profit | 91 | 74 | 57 | 112 | 130 |
| EPS (₹) | 2.08 | 1.69 | 1.30 | 2.56 | 2.97 |
Concall summary (2026-08-05)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- Consolidated revenue for Q1 FY27 stood at INR1,810 crores, representing a Y -o-Y growth of 23.5%.
- Consolidated PAT for the quarter was INR130 crores, up 76% Y-o-Y compared to INR74 crores in Q1 FY26 .
Growth & demand
- The Electricals segment registered a revenue growth of 27.7% Y-o-Y, while growth was aided by higher copper prices, while switchgear modern switches and pumps delivered robust volume growth.
- If you divide this 22%, 23% between price and volume, price growth is about 14% and volume growth will be about 9%.
Margins & costs
- Despite supply chain disruptions and commodity cost pressures arising from the West Asia conflict, we delivered robust growth while maintaining a healthy gross margin through proactive pricing actions, disciplined cost management and the inherent resilience of our business model and brand.
- The gross margin remained healthy at 3 6.9%, in line with the corresponding quarter of the previous year despite higher input costs during the period.
Capex & expansion
- This solar rooftop market is something where the government has put in a lot of incentives so that customers get a good payback, if someone is investing x, they are able to recoup their investment in three to four years' time.
- Yes, of course, we would like to restore what I would say is the financial health of Sunflame to what it was pre -acquisition.
Balance sheet & cash
- Cash flow was strong with a net cash position at INR670 crores compared to INR155 crores a year ago.
- While working capital improvements were particularly favorable this quarter, we remain focused on disciplined working capital management on a sustainable basis.
Peers in Electrical Equipment & Parts
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