V-Guard Industries Ltd, commonly stylized as V-GUΛRD, is a leading Indian company specializing in the manufacture of electrical and home appliances. Founded in 1977 by Kochouseph Chittilappilly in Kochi, Kerala, the company initially began as a small unit producing voltage stabilizers, which soon became its flagship product. Over the decades, V-Guard has grown exponentially, diversifying its product portfolio to include electrical cables, electric pumps, motors, geysers, solar water heaters, electric fans, UPS systems, and kitchen appliances like induction cooktops and mixer grinders. The company has also made significant strides in the renewable energy sector, particularly in solar power systems, reflecting its commitment to innovation and sustainability. V-Guard’s consistent focus on engineering excellence and customer-centric products has earned it a trusted name in the Indian market. Listed on the NSE and BSE since its IPO in 2008, V-Guard has continued to strengthen its market presence, most notably through the acquisition of the Sunflame brand of kitchen appliances. Today, with a robust distribution network comprising over 400 distributors and 100,000 retailers across India, V-Guard remains at the forefront of the electrical and home appliances industry, constantly expanding its footprint and product range to meet the evolving needs of its customers.
V-Guard Q1 Results: Revenue Rises 21.5%, Net Profit Climbs 55% YoY
- Revenue Growth: V-Guard reported a 21.5% increase in revenue, reaching ₹1,477.10 crore, compared to ₹1,214.76 crore in the same quarter last year.
- Net Profit: The consolidated net profit surged by 55% year-on-year, rising to ₹98.97 crore from ₹64 crore in the previous year.
- EBITDA: The operating profit (EBITDA) increased by 48.4% to ₹155.7 crore, with the margin improving to 10.5%, up from 8.6% in the year-ago period.
- Segment Performance: Strong demand in the electronics and consumer durables segments, especially for summer products, drove the growth. The electricals segment faced challenges due to trade de-stocking related to the softening of copper prices.
- Regional Contribution: Non-South markets contributed over 50% of total revenue during the quarter.
- Gross Margins: Improvement in gross margins was supported by the softening of commodity prices and effective pricing and cost initiatives.
- Outlook: The company remains optimistic about maintaining strong performance in the coming quarters, bolstered by effective cash flow management and working capital strategies.
Shareholding Patterns of V-Guard Industries Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 55.63% | 55.63% | 54.56% | 54.48% | 54.42% |
| FIIs + | 12.83% | 13.16% | 13.01% | 13.34% | 13.90% |
| DIIs + | 19.38% | 19.37% | 20.45% | 20.18% | 20.16% |
| Public + | 12.18% | 11.84% | 11.96% | 11.99% | 11.51% |
| No. of Shareholders | 1,17,061 | 1,18,152 | 1,18,276 | 1,19,562 | 1,15,823 |
The shareholding patterns of V-Guard Industries Ltd reflect a stable distribution of ownership among various investor groups over the past year.
As of June 2023, promoters held 55.63% of the company’s shares, a figure that remained largely consistent through June 2024, though it slightly declined to 54.42%. Foreign Institutional Investors (FIIs) saw a gradual increase from 12.83% in June 2023 to 13.90% by June 2024. Domestic Institutional Investors (DIIs) also experienced a minor rise, starting at 19.38% in June 2023 and settling at 20.16% by June 2024.
Public shareholding showed a slight decline from 12.18% in June 2023 to 11.51% in June 2024. The number of shareholders increased steadily from 117,061 in June 2023 to 119,562 in March 2024 before dropping to 115,823 by June 2024.
Overall, the data indicates a relatively stable shareholding structure, with the majority of shares held by promoters and significant, albeit gradual, increases in holdings by FIIs and DIIs. Public ownership, while declining slightly, reflects a minor shift in the distribution of shares.
HOW TO PURCHASE V-Guard Industries Ltd SHARES?
Below are the trading platforms that you can use to purchase V-Guard Industries Ltd shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
V-Guard Industries Ltd SHARE PRICE TARGET: 2024 – 2030
V-Guard Industries Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 489.65 | 425.79 |
| October 2024 | 484.81 | 421.57 |
| November 2024 | 504.20 | 438.43 |
| December 2024 | 509.24 | 442.82 |
In September 2024, the maximum price is expected to reach ₹489.65, while the minimum price is projected to be ₹425.79. Moving into October 2024, the stock’s maximum price is anticipated to be ₹484.81, with a minimum price of ₹421.57. In November 2024, V-Guard Industries is forecasted to have a maximum price of ₹504.20 and a minimum price of ₹438.43. By December 2024, the maximum price is predicted to rise to ₹509.24, with a minimum price of ₹442.82.
V-Guard Industries Ltd Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 514.33 | 395.64 |
| February 2025 | 519.53 | 399.64 |
| March 2025 | 530.44 | 408.03 |
| April 2025 | 525.19 | 403.99 |
| May 2025 | 509.89 | 392.22 |
| June 2025 | 532.83 | 409.87 |
| July 2025 | 522.39 | 401.84 |
| August 2025 | 538.54 | 414.26 |
| September 2025 | 545.01 | 419.23 |
| October 2025 | 559.18 | 430.14 |
| November 2025 | 573.16 | 440.89 |
| December 2025 | 598.95 | 460.73 |
In January 2025 is projected to see a maximum of ₹514.33 and a minimum of ₹395.64. In February, the maximum is projected at ₹519.53, with a minimum of ₹399.64. March’s maximum is projected to be ₹530.44, and the minimum ₹408.03. For April, expect a maximum of ₹525.19 and a minimum of ₹403.99. May’s maximum is projected at ₹509.89, with a minimum of ₹392.22. June is expected to have a maximum of ₹532.83 and a minimum of ₹409.87. In July, the maximum is projected to be ₹522.39, and the minimum ₹401.84. August’s maximum is expected at ₹538.54, with a minimum of ₹414.26. September’s maximum is projected at ₹545.01, and the minimum at ₹419.23. October’s maximum is projected to be ₹559.18, and the minimum ₹430.14. November’s maximum is projected at ₹573.16, with a minimum of ₹440.89. December is expected to have a maximum of ₹598.95 and a minimum of ₹460.73.
V-Guard Industries Ltd Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 616.92 | 474.55 |
| February 2026 | 601.49 | 462.69 |
| March 2026 | 613.52 | 471.94 |
| April 2026 | 626.04 | 481.57 |
| May 2026 | 619.84 | 476.80 |
| June 2026 | 635.34 | 488.72 |
| July 2026 | 622.88 | 479.14 |
| August 2026 | 642.15 | 493.96 |
| September 2026 | 654.99 | 503.84 |
| October 2026 | 672.02 | 516.94 |
| November 2026 | 688.82 | 529.86 |
| December 2026 | 706.04 | 543.11 |
V-Guard Industries Ltd Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 713.10 | 548.54 |
| February 2027 | 731.39 | 562.60 |
| March 2027 | 759.91 | 584.55 |
| April 2027 | 745.01 | 573.08 |
| May 2027 | 723.31 | 556.39 |
| June 2027 | 755.86 | 581.43 |
| July 2027 | 741.04 | 570.03 |
| August 2027 | 763.96 | 587.66 |
| September 2027 | 790.70 | 608.23 |
| October 2027 | 811.25 | 624.04 |
| November 2027 | 831.54 | 639.64 |
| December 2027 | 852.32 | 655.63 |
V-Guard Industries Ltd Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 869.37 | 668.75 |
| February 2028 | 891.66 | 685.89 |
| March 2028 | 926.44 | 712.64 |
| April 2028 | 908.27 | 698.67 |
| May 2028 | 881.82 | 678.32 |
| June 2028 | 921.50 | 708.85 |
| July 2028 | 903.43 | 694.95 |
| August 2028 | 931.37 | 716.44 |
| September 2028 | 963.97 | 741.52 |
| October 2028 | 989.03 | 760.79 |
| November 2028 | 1,013.76 | 779.81 |
| December 2028 | 1,039.10 | 799.31 |
V-Guard Industries Ltd Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,059.88 | 815.30 |
| February 2029 | 1,087.06 | 836.20 |
| March 2029 | 1,129.46 | 868.81 |
| April 2029 | 1,107.31 | 851.78 |
| May 2029 | 1,075.06 | 826.97 |
| June 2029 | 1,123.44 | 864.18 |
| July 2029 | 1,101.41 | 847.24 |
| August 2029 | 1,135.47 | 873.44 |
| September 2029 | 1,175.21 | 904.01 |
| October 2029 | 1,205.77 | 927.51 |
| November 2029 | 1,235.91 | 950.70 |
| December 2029 | 1,266.81 | 974.47 |
V-Guard Industries Ltd Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,292.15 | 993.96 |
| February 2030 | 1,325.28 | 1,019.45 |
| March 2030 | 1,376.97 | 1,059.20 |
| April 2030 | 1,349.97 | 1,038.44 |
| May 2030 | 1,310.65 | 1,008.19 |
| June 2030 | 1,369.63 | 1,053.56 |
| July 2030 | 1,342.77 | 1,032.90 |
| August 2030 | 1,384.30 | 1,064.85 |
| September 2030 | 1,432.75 | 1,102.12 |
| October 2030 | 1,470.00 | 1,130.77 |
| November 2030 | 1,506.75 | 1,159.04 |
| December 2030 | 1,544.42 | 1,188.02 |
As we step into January 2030, the maximum price is projected to be ₹1,292.15, with a minimum of ₹993.96. By December 2030, the maximum price is expected to reach ₹1,544.42, while the minimum is projected at ₹1,188.02.
V-Guard Industries Ltd Financial Condition: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,482 | 2,699 | 3,477 | 4,051 | 4,559 | 4,826 |
| Expenses + | 2,228 | 2,392 | 3,142 | 3,750 | 4,205 | 4,433 |
| Operating Profit | 254 | 307 | 335 | 301 | 354 | 393 |
| OPM % | 10% | 11% | 10% | 7% | 8% | 8% |
| Other Income + | 23 | 21 | 10 | 15 | 51 | 47 |
| Interest | 4 | 6 | 8 | 16 | 37 | 34 |
| Depreciation | 28 | 37 | 48 | 58 | 67 | 67 |
| Profit before tax | 245 | 285 | 290 | 241 | 301 | 339 |
| Tax % | 25% | 30% | 22% | 26% | 23% | |
| Net Profit + | 185 | 199 | 227 | 179 | 231 | 260 |
| EPS in Rs | 4.32 | 4.63 | 5.26 | 4.15 | 5.32 | 5.97 |
| Dividend Payout % | 21% | 26% | 25% | 31% | 26% |
V-Guard Industries Ltd has demonstrated strong financial growth from March 2020 to March 2024, with sales increasing from ₹2,482 crore to ₹4,559 crore, reflecting expanded market reach and higher demand. Despite rising expenses—from ₹2,228 crore to ₹4,205 crore—the company managed to boost its operating profit from ₹254 crore to ₹354 crore, although the operating profit margin (OPM) decreased slightly from 10% to 8%. Net profit grew from ₹185 crore to ₹231 crore, and earnings per share (EPS) rose from ₹4.32 to ₹5.32. Interest expenses surged significantly, and depreciation also increased, affecting overall profitability. Other income improved notably, contributing to financial stability. The effective tax rate decreased marginally, and the dividend payout ratio remained robust, reflecting V-Guard’s solid financial health and commitment to shareholder returns.
FAQs
What is the current market capitalization of V-Guard Industries?
The current market capitalization of V-Guard Industries is ₹20,267 Crores.
What is the share price target for V-Guard Industries in 2025?
The share price target for V-Guard Industries in 2025 ranges from a minimum of ₹392.22 to a maximum of ₹598.95.
What is the projected share price target for V-Guard Industries in 2030?
The projected share price target for V-Guard Industries in 2030 ranges from a minimum of ₹993.96 to a maximum of ₹1,544.42.
What is the current price-to-earnings (P/E) ratio of V-Guard Industries?
The current price-to-earnings (P/E) ratio of V-Guard Industries is 78.0.
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Conclusion
In conclusion, V-Guard Industries Ltd has showcased strong financial health and consistent growth from March 2020 to March 2024. The company’s substantial increase in sales and net profit, coupled with a rising EPS and solid dividend payout, reflects its operational efficiency and robust market position. With improved other income and effective tax management, V-Guard is well-positioned for continued success and value creation for its shareholders.
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