Consumer Durables
Valuation | |
|---|---|
| Market Cap | 13.6 kCr |
| Price/Earnings (Trailing) | 47.51 |
| Price/Sales (Trailing) | 2.36 |
| EV/EBITDA | 27.27 |
| Price/Free Cashflow | 44.05 |
| MarketCap/EBT | 35.89 |
| Enterprise Value | 13.56 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 5.77 kCr |
| Rev. Growth (Yr) | 10.6% |
| Earnings (TTM) | 287.33 Cr |
| Earnings Growth (Yr) | -5.2% |
Profitability | |
|---|---|
| Operating Margin | 7% |
| EBT Margin | 7% |
| Return on Equity | 13.12% |
| Return on Assets | 8.61% |
| Free Cashflow Yield | 2.27% |
Growth & Returns | |
|---|---|
| Price Change 1W | -0.50% |
| Price Change 1M | -9% |
| Price Change 6M | -15.9% |
| Price Change 1Y | -4.8% |
| 3Y Cumulative Return | 7.8% |
| 5Y Cumulative Return | 6.7% |
| 7Y Cumulative Return | 5.5% |
| 10Y Cumulative Return | 18% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -96.92 Cr |
| Cash Flow from Operations (TTM) | 476.96 Cr |
| Cash Flow from Financing (TTM) | -377.51 Cr |
| Cash & Equivalents | 42.97 Cr |
| Free Cash Flow (TTM) | 356.3 Cr |
| Free Cash Flow/Share (TTM) | 8.17 |
Balance Sheet | |
|---|---|
| Total Assets | 3.34 kCr |
| Total Liabilities | 1.15 kCr |
| Shareholder Equity | 2.19 kCr |
| Current Assets | 1.72 kCr |
| Current Liabilities | 907.99 Cr |
| Net PPE | 542.65 Cr |
| Inventory | 999.4 Cr |
| Goodwill | 252.8 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 30.79 |
| Interest/Cashflow Ops | 24.62 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.5 |
| Dividend Yield | 0.46% |
| Shares Dilution (1Y) | 0.20% |
| Shares Dilution (3Y) | 1.1% |
Insider Trading: There's significant insider buying recently.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 7.8% return compared to 13.3% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -9% in last 30 days.
Insider Trading: There's significant insider buying recently.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 7.8% return compared to 13.3% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -9% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.46% |
| Dividend/Share (TTM) | 1.5 |
| Shares Dilution (1Y) | 0.20% |
| Earnings/Share (TTM) | 6.56 |
Financial Health | |
|---|---|
| Current Ratio | 1.9 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 34.28 |
| RSI (5d) | 46.84 |
| RSI (21d) | 33.74 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of V-Guard Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the earnings call on January 29, 2026, V-Guard Industries Limited provided a positive outlook for the company, highlighting solid growth prospects in several segments. For Q3 FY26, the consolidated net revenue from operations was reported at INR 1,404 crore, up by 10.6% year-on-year, primarily driven by strong performance in the Electricals segment, which grew by 26%.
Management expects to deliver robust results in the upcoming summer season, leveraging the anticipated warmer temperatures that could boost demand for cooling products. Regarding margins, the company expressed that while gross margins contracted to 35.7%, they expect to implement calibrated pricing actions to counter expected input cost increases.
Key forward-looking points include:
Capex Plans: The company is focusing on expanding its manufacturing capabilities, with ongoing projects for a fan manufacturing facility and a second battery facility in Hyderabad.
Product Integration: The integration of Sunflame, which has completed operational integration, is in progress for sales, expected to enhance growth further.
Inflation and Pricing: Management acknowledged inflationary pressures, particularly in the fan category where significant price hikes are anticipated. They confirmed that they have started passing on some of these price increases.
Profitability Expectations: The consolidated PAT for Q3 FY26 was INR 57 crore, a decline of 5.2% YoY due to a one-time charge but noted a 22% improvement on an underlying basis. Management expects to achieve double-digit EBITDA margins in FY27, contingent on normalizing commodity prices.
Category Growth Projections: The company targets sustained growth in several key categories, including Stabilizers, Inverters, and Kitchen Appliances, aiming for INR 9,000 to INR 10,000 crore in sales over the next five years.
Overall, V-Guard is focused on capitalizing on operational efficiencies and market opportunities, with an optimistic outlook for future growth driven by warmer weather and product innovations.
Understand V-Guard Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Mithun Kochouseph Chittilappilly | 19.8% |
| Arun K Chittilappilly | 8.66% |
| Chittilappily Thomas Kochouseph | 8.42% |
| Sbi Small Cap Fund | 7.36% |
| Icici Prudential Multi-Asset Fund | 6.99% |
| Anekha Chittilappilly Trust(Mithun Kochouseph Chittilappilly, Joshna Johnson Thomas-Trustees) | 4.88% |
Detailed comparison of V-Guard Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | Polycab India | 1.29 LCr | 27.23 kCr | +12.10% | +68.50% | 49.01 | 4.73 | - | - |
| HAVELLS | Havells India | 84.63 kCr | 22.63 kCr |
Comprehensive comparison against sector averages
VGUARD metrics compared to Consumer
| Category | VGUARD | Consumer |
|---|---|---|
| PE | 47.51 | 64.92 |
| PS | 2.36 | 2.23 |
| Growth | 6.8 % | 5.5 % |
V-Guard Industries Limited manufactures and sells electrical and electronic products in India and internationally. It operates through three segments: Electronics, Electrical, and Consumer Durables. The Electronics segment offers voltage stabilizers; inverter, DUPS, inverter batteries, and UPS; and solar panels, solar batteries, off grid systems and inverters, and on grid photovoltaic (PV) inverters. The Electrical segment offers wiring and industrial cables, domestic switch gears and distribution boards, domestic and agriculture pumps, and modular switches. The Consumer Durables Segment includes storage, solar, instant, and gas water heaters, as well as immersion heater, rods and room heaters; heat pump water heaters; ceiling, table, pedestal, wall, and ventilating and exhaust fans; and kitchen appliances, such as mixer grinders, induction cooktops, gas stoves, rice cookers, grill kings, toasters, kettles, chimneys, sandwich makers, and hand blenders. In addition, the company provides air coolers, electric motors, and water purifiers. The company sells its products through a network of distributors, dealers, and service centers. V-Guard Industries Limited was founded in 1977 and is based in Kochi, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
VGUARD vs Consumer (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
1. Question from Aditya Bhartia (Investec): "Is there any particular reason for strong growth in South versus the muted performance in non-South and any change in competitive intensity in either region?"
Answer: "There hasn't been a change in competitive intensity; the non-South region had an exceptionally strong Q3 last year, especially in the East for summer categories. This year's degrowth is primarily base effect-driven, not due to competitive dynamics."
2. Question from Rahul Agarwal (IKIGAI Asset Managers): "Is the market ready to absorb the price hikes for metals, and could gross margins temporarily come under pressure?"
Answer: "Yes, the Fans category faces severe inflation threats, especially for copper-based models. We've already implemented some price hikes and anticipate additional increases. Other categories experience lesser impacts, but overall, we may see reduced margins short-term if inflation persists."
3. Question from Aniruddha Joshi (ICICI Securities): "Is there high channel inventory in Wires, and how does this impact Sunflame?"
Answer: "Channel inventory is somewhat above normal, but not excessive. We're focused on integrating sales and service for Sunflame, expecting improved results in the coming year as we refresh our product portfolio."
4. Question from Naushad Chaudhary (Aditya Birla Mutual Fund): "What is the scope for the Gegadyne battery startup and how does it benefit our core business?"
Answer: "Gegadyne is progressing from technology development to commercialization. As we establish a supply chain, it will facilitate our entry into energy storage opportunities, which are poised for growth."
5. Question from Natasha Jain (Phillip Capital): "What is V-Guard's market share in Stabilizers, and how do we see competition affecting dynamics in this segment?"
Answer: "We hold approximately a 40%-45% market share, with Microtech as our closest competitor. While many AC brands offer stabilizers, they typically lose focus over time, allowing us to maintain our position effectively."
6. Question from Ankit Soni (Mirae Asset Sharekhan): "What is our progress in the solar pump business?"
Answer: "We've started supplying solar pumps for government tenders in Maharashtra, with an initial order worth around INR 4-5 crores. We see potential for expansion in this segment over the next 12-18 months."
This summary encapsulates the key discussions and responses given during the Q&A session, along with guidance and insights about the industry's dynamics and future prospects.
| K Chittilappilly Trust (Kochouseph Thomas Chittilappilly,Sheela Grace Kochouseph,Mithun Kochouseph Chittilappilly,Arun K Chittilappilly,Jayaraj B , Vinod SM, Jayasree K-Trustees) |
| 4.77% |
| K Chittilappilly Trust (Kochouseph Thomas Chittilappilly,Sheela Grace Kochouseph,Mithun Kochouseph Chittilappilly,Arun K | 4.77% |
| Arav Chittilappilly Trust (Kochouseph Chittilappilly, Sheela Grace Kochouseph,Arun K Chittilappilly,Priya Sarah Cheeran Joseph-Trustees) | 4.25% |
| Arav Chittilappilly Trust (Kochouseph Chittilappilly, Sheela Grace Kochouseph,Arun K Chittilappilly,Priya Sarah Cheeran | 4.25% |
| Nalanda India Equity Fund Limited | 3.61% |
| Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund | 2.91% |
| Priya Sarah Cheeran Joseph | 2.63% |
| Sheela Grace Kochouseph | 2.51% |
| Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund | 1.7% |
| Nalanda India Fund Limited | 1.42% |
| C T John | 0% |
| Achamma Chacko | 0% |
| Sr.Susheela | 0% |
| Sr.Ancilla | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| +0.40% |
| -7.00% |
| 56.93 |
| 3.74 |
| - |
| - |
| BLUESTARCO | Blue Star | 40.06 kCr | 12.41 kCr | +3.60% | -9.10% | 81.05 | 3.23 | - | - |
| CROMPTON | Crompton Greaves Consumer Electricals | 15.97 kCr | 7.94 kCr | +1.60% | -27.70% | 34.59 | 2.01 | - | - |
| BAJAJELEC | Bajaj Electricals | 4.11 kCr | 4.56 kCr | -14.30% | -41.70% | 114.82 | 0.9 | - | - |
| 3.9% |
| 1,310 |
| 1,261 |
| 1,373 |
| 1,424 |
| 1,195 |
| 1,213 |
| Profit Before exceptional items and Tax | 16.7% | 99 | 85 | 98 | 118 | 79 | 85 |
| Exceptional items before tax | - | -22.11 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -9.5% | 77 | 85 | 98 | 118 | 79 | 85 |
| Current tax | 15% | 24 | 21 | 25 | 28 | 19 | 21 |
| Deferred tax | -86.5% | -3.57 | -1.45 | -0.83 | -1.18 | -0.18 | 0.14 |
| Total tax | 0% | 20 | 20 | 24 | 27 | 19 | 21 |
| Total profit (loss) for period | -12.5% | 57 | 65 | 74 | 91 | 60 | 63 |
| Other comp. income net of taxes | - | 0 | 0 | 0 | -3.14 | 0 | 0 |
| Total Comprehensive Income | -12.5% | 57 | 65 | 74 | 88 | 60 | 63 |
| Earnings Per Share, Basic | -38.8% | 1.3 | 1.49 | 1.69 | 2.08 | 1.38 | 1.45 |
| Earnings Per Share, Diluted | -37.5% | 1.3 | 1.48 | 1.68 | 2.07 | 1.37 | 1.44 |
| Debt equity ratio | - | 0 | 0 | 0 | 001 | 0 | 0 |
| Debt service coverage ratio | 0.6% | 0.1199 | 0.1147 | 0.102 | 0.043 | 0.02 | 0.02 |
| Interest service coverage ratio | -10.9% | 0.3448 | 0.4094 | 0.2401 | 0.4736 | 0.09 | 0.09 |
| 27.1% |
| 479 |
| 377 |
| 295 |
| 267 |
| 225 |
| 207 |
| Finance costs | -47.2% | 20 | 37 | 16 | 7.52 | 5.6 | 3.73 |
| Depreciation and Amortization | 10.6% | 74 | 67 | 58 | 48 | 37 | 28 |
| Other expenses | 19.6% | 825 | 690 | 574 | 462 | 319 | 364 |
| Total Expenses | 15.5% | 4,980 | 4,310 | 3,823 | 3,198 | 2,435 | 2,261 |
| Profit Before exceptional items and Tax | 15.7% | 348 | 301 | 241 | 290 | 285 | 245 |
| Total profit before tax | 15.7% | 348 | 301 | 241 | 290 | 285 | 245 |
| Current tax | 21.4% | 86 | 71 | 36 | 69 | 86 | 65 |
| Deferred tax | 119.9% | 1.33 | -0.66 | 26 | -5.76 | -0.62 | -4.47 |
| Total tax | 26.1% | 88 | 70 | 62 | 63 | 86 | 60 |
| Total profit (loss) for period | 12.6% | 260 | 231 | 179 | 227 | 199 | 185 |
| Other comp. income net of taxes | -10.2% | -2.99 | -2.62 | 20 | -0.55 | 0.45 | -2.26 |
| Total Comprehensive Income | 12.8% | 257 | 228 | 199 | 226 | 199 | 183 |
| Earnings Per Share, Basic | 15.7% | 5.95 | 5.28 | 4.15 | 2.1 | 4.64 | 4.33 |
| Earnings Per Share, Diluted | 15.2% | 5.92 | 5.27 | 4.12 | 2.09 | 4.61 | 4.28 |
| Debt equity ratio | -0.2% | 001 | 016 | 026 | 001 | 001 | 001 |
| Debt service coverage ratio | 0.8% | 0.0228 | 0.0151 | 0.019 | 02 | 028 | 047 |
| Interest service coverage ratio | - | 0.1846 | - | 0 | 04 | 051 | 067 |
| 2.3% |
| 352 |
| 344 |
| 339 |
| 333 |
| 336 |
| 341 |
| Capital work-in-progress | 59.6% | 76 | 48 | 27 | 24 | 19 | 12 |
| Investment property | 0% | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 |
| Non-current investments | 0% | 889 | 889 | 889 | 889 | 869 | 33 |
| Loans, non-current | 80% | 1.09 | 1.05 | 1.03 | 0.84 | 0.98 | 0 |
| Total non-current financial assets | 0.1% | 909 | 908 | 907 | 907 | 889 | 54 |
| Total non-current assets | 2.2% | 1,487 | 1,455 | 1,423 | 1,404 | 1,374 | 1,382 |
| Total assets | -1.3% | 3,001 | 3,039 | 2,934 | 2,886 | 2,714 | 2,715 |
| Borrowings, non-current | - | 0 | 0 | 22 | 137 | 206 | 273 |
| Total non-current financial liabilities | -6.5% | 44 | 47 | 68 | 185 | 289 | 364 |
| Provisions, non-current | 12.5% | 19 | 17 | 16 | 15 | 15 | 14 |
| Total non-current liabilities | -1.6% | 63 | 64 | 84 | 200 | 304 | 377 |
| Borrowings, current | -35.1% | 7.49 | 11 | 124 | 154 | 88 | 147 |
| Total current financial liabilities | -15.2% | 682 | 804 | 806 | 760 | 626 | 634 |
| Provisions, current | 6.2% | 103 | 97 | 83 | 82 | 66 | 62 |
| Current tax liabilities | - | 0 | - | 3.81 | 2.27 | 3.33 | 0 |
| Total current liabilities | -11.5% | 864 | 976 | 993 | 918 | 766 | 750 |
| Total liabilities | -10.9% | 928 | 1,041 | 1,077 | 1,118 | 1,070 | 1,127 |
| Equity share capital | 0% | 44 | 44 | 44 | 43 | 43 | 43 |
| Total equity | 3.8% | 2,073 | 1,998 | 1,856 | 1,768 | 1,645 | 1,588 |
| Total equity and liabilities | -1.3% | 3,001 | 3,039 | 2,934 | 2,886 | 2,714 | 2,715 |
| 26 |
| 2.02 |
| 0 |
| 16 |
| - |
| - |
| Net Cashflows from Operations | 27.7% | 536 | 420 | 462 | 52 | - | - |
| Income taxes paid (refund) | 32.4% | 91 | 69 | 46 | 87 | - | - |
| Net Cashflows From Operating Activities | 26.9% | 444 | 350 | 416 | -34.79 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 731 | 60 | - | - |
| Proceeds from sales of PPE | - | 0.76 | 0 | 1.52 | 0 | - | - |
| Purchase of property, plant and equipment | 22.9% | 103 | 84 | 53 | 77 | - | - |
| Proceeds from sales of investment property | -138.1% | 0 | 0.58 | 0 | 0.09 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 0 | 0 | 0 | 1.05 | - | - |
| Dividends received | -105% | 0 | 21 | 0 | 0 | - | - |
| Interest received | 138.1% | 1.16 | 0.58 | 1.71 | 0 | - | - |
| Other inflows (outflows) of cash | 149.4% | 24 | -45.57 | 6.03 | 3.67 | - | - |
| Net Cashflows From Investing Activities | 27.8% | -77.25 | -107.32 | -774.15 | -132.43 | - | - |
| Proceeds from exercise of stock options | 37.5% | 8.04 | 6.12 | 2 | 4.56 | - | - |
| Repayments of borrowings | 116.3% | 280 | 130 | -409.61 | 0 | - | - |
| Payments of lease liabilities | 21.4% | 18 | 15 | 11 | 0 | - | - |
| Dividends paid | 9.1% | 61 | 56 | 56 | 52 | - | - |
| Interest paid | -42.9% | 21 | 36 | 16 | 0 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 0 | -5.88 | - | - |
| Net Cashflows from Financing Activities | -60.4% | -372.24 | -231.66 | 328 | -60.05 | - | - |
| Net change in cash and cash eq. | -160% | -5 | 11 | -29.8 | -227.27 | - | - |
Analysis of V-Guard Industries's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Electricals | 42.9% | 602 Cr |
| Consumer Durables | 31.6% | 444.1 Cr |
| Electronics | 20.4% | 285.9 Cr |
| Sunflame | 5.1% | 71.5 Cr |
| Total | 1.4 kCr |