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V-Guard Industries Limited
(VGUARD)
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Rating:69Neutral
Price Target:
₹290.00
▼(-11.80% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid financial strength (notably low leverage and consistent profitability) and supportive technical momentum with the stock trading above key moving averages. These positives are meaningfully offset by a rich valuation (high P/E and low yield) alongside recent growth slowdown, margin compression, and some cash-flow volatility.
Positive Factors
Diversified product portfolio and distribution
A broad branded portfolio across essential household and electrical categories can diversify demand and reduce reliance on one product line. The company also reaches customers through dealers, distributors and retail channels, supporting durable market access across India.
Negative Factors
Recent revenue growth deceleration
The sharp moderation from the stronger 2022–2024 expansion phase reduces confidence in near-term growth momentum. If slower growth persists, operating leverage may be harder to achieve and the company may need stronger category execution or distribution gains to restore faster expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product portfolio and distribution
A broad branded portfolio across essential household and electrical categories can diversify demand and reduce reliance on one product line. The company also reaches customers through dealers, distributors and retail channels, supporting durable market access across India.
Read all positive factors
V-Guard Industries Limited (VGUARD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹115.76B
Dividend Yield0.57%
Average Volume (3M)22.44K
Price to Earnings (P/E)31.7
Beta (1Y)0.79
Revenue Growth13.36%
EPS Growth26.08%
CountryIN
Employees3,006
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)8.34
Shares Outstanding436,914,980
10 Day Avg. Volume26,742
30 Day Avg. Volume22,437
Financial Highlights & Ratios
PEG Ratio-22.95
Price to Book (P/B)5.82
Price to Sales (P/S)2.32
P/FCF Ratio51.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)9.78
Revenue Forecast (FY)₹69.00B
V-Guard Industries Limited Business Overview & Revenue Model
Company Description
V-Guard Industries Limited operates as a multinational entity, involved in the manufacturing, distribution, and commercialization of a wide array of electrical and electronic goods, serving both Indian and international markets. Its business activ...
How the Company Makes Money
V-Guard primarily makes money by selling branded consumer electrical products across multiple categories, generating revenue from the manufacture and/or sourcing of finished goods that are then distributed to dealers/retailers (and, where applicab...
V-Guard Industries Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.10B | 59.66B | 55.37B | 48.22B | 40.92B | 35.00B |
| Gross Profit | 19.60B | 15.24B | 18.70B | 15.09B | 11.38B | 10.86B |
| EBITDA | 6.02B | 5.28B | 5.34B | 4.61B | 3.36B | 3.51B |
| Net Income | 3.65B | 3.08B | 3.14B | 2.58B | 1.89B | 2.28B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 37.14B | 33.38B | 31.61B | 29.07B | 20.97B |
| Cash, Cash Equivalents and Short-Term Investments | 2.40B | 2.40B | 746.40M | 876.70M | 665.40M | 608.37M |
| Total Debt | 0.00 | 1.65B | 1.34B | 4.01B | 5.03B | 683.52M |
| Total Liabilities | -23.73B | 13.41B | 12.40B | 13.47B | 12.99B | 6.94B |
| Stockholders Equity | 23.73B | 23.73B | 20.98B | 18.14B | 16.08B | 14.07B |
Cash Flow | ||||||
| Free Cash Flow | 1.10B | 2.69B | 3.56B | 2.65B | 3.21B | -1.63B |
| Operating Cash Flow | 1.95B | 4.48B | 4.77B | 3.93B | 4.24B | -387.07M |
| Investing Cash Flow | -1.19B | -3.66B | -969.20M | -1.53B | -7.71B | -1.20B |
| Financing Cash Flow | -830.40M | -852.90M | -3.78B | -2.32B | 3.26B | -614.81M |
V-Guard Industries Limited Technical Analysis
Negative
328.80
Price Trends
312.05
Negative
309.06
Negative
314.69
Negative
Market Momentum
-12.81
Positive
24.65
Positive
10.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VGUARD, the sentiment is Negative. The current price of 328.8 is above the 20-day moving average (MA) of 286.67, above the 50-day MA of 312.05, and above the 200-day MA of 314.69, indicating a bearish trend. The MACD of -12.81 indicates Positive momentum. The RSI at 24.65 is Positive, neither overbought nor oversold. The STOCH value of 10.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VGUARD.
V-Guard Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹175.71B | 21.98 | ― | 0.78% | 26.53% | 29.17% | |
69 Neutral | ₹115.76B | 31.65 | ― | 0.57% | 13.36% | 26.08% | |
67 Neutral | ₹640.74B | 38.67 | ― | 0.98% | 16.50% | 13.65% | |
67 Neutral | ₹1.16T | 36.49 | ― | 0.61% | 40.99% | 28.09% | |
65 Neutral | ₹368.43B | 34.91 | ― | 0.12% | 25.18% | 32.49% | |
60 Neutral | ₹249.51B | 41.56 | ― | 0.43% | 45.36% | 66.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:VGUARD
V-Guard Industries Limited
264.95
-115.59
-30.38%
IN:FINCABLES
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IN:HAVELLS
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1,021.00
-476.38
-31.81%
IN:KEI
KEI Industries Limited
3,852.00
-232.37
-5.69%
IN:POLYCAB
Polycab India Ltd.
7,681.00
-15.57
-0.20%
IN:RRKABEL
RR Kabel Ltd.
2,205.95
789.10
55.69%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.