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As of 6 Nov 2026, V-Guard Industries trades at 31.3× trailing earnings, above the industry P/E of 30.0×, and the shares are 19% below their 52-week high. Sales and net profit grew 13% and 18% a year over 3 years; its ROCE of 16% is the second-lowest among the 7 largest Electrical Equipment & Parts peers. It carries very little debt, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹12,768 Cr, ranked 14th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 23% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹288.10
Day high
₹293.00
Day low
₹284.35
Prev. close
₹288.10
Volume
5.1 L

Health check

1 good · 4 fair · 1 to check
  • ReturnsBehind

    −22.8% over a year, better than 1 of 7 peers.

  • Price tagIn line

    P/E 31.3 vs industry 30.0.

  • GrowthSteady

    Sales +13.1%, profit +17.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 16.0% vs peer median 22.1%.

  • Balance sheetFair

    Debt 0.06× equity, interest covered 33.9×, Piotroski 4 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹12,768 Cr, #14 of 97 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹6,822 Cr · profit ₹411 Cr
Market cap
₹12,768 Cr
Small cap
P/E
31.3
Industry 30.0
Price to book
5.01
Peers 7.24
Dividend yield
0.51%
ROE
17.3%
Peers 18.0%
ROCE
16.0%
Peers 22.1%
Debt to equity
0.06
Debt ₹160 Cr
EPS (TTM)
₹9.34
Face value ₹1
OPM (TTM)
9.6%
Net margin 6.0%
Sales growth
+38.2%
Latest quarter vs a year ago
Profit growth
+71.6%
Latest quarter vs a year ago
Price to sales
1.87
EV/EBITDA 20.4

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 71.6% on a year ago.
  • Quarterly sales up 38.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About V-Guard Industries

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…

Headquarters
Kochi
Employees
3,219
Sector
Industrials
ISIN
INE951I01027
Website
vguard.in

Price range

52 weeks

₹252.45₹362.60

Today

₹284.35₹293.00
Avg volume (3M)
11.7 L
1-year return
minus 22.8%
From 52-week high
minus 19.4%

Analyst consensus

16 analysts
Strong buyMean target ₹381.63 plus 30.6%

Target range, with today’s price

Low ₹306.00High ₹430.00

Today’s price ₹292.25 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
POWERINDIAHitachi Energy India27,800.00minus 1.42%1,23,911107.795.324.9%16.1%0.0222.2%plus 37.9%
CGPOWERCG Power and Industrial Solutions773.00minus 4.43%1,21,78588.672.519.3%13.1%0.0221.2%plus 8.2%
POLYCABPolycab India7,871.00plus 0.28%1,18,61337.529.030.4%13.6%0.0226.6%plus 3.8%
HAVELLSHavells India1,128.00plus 5.61%70,78942.630.022.1%9.1%0.029.9%minus 28.1%
APARINDSApar Industries14,106.00minus 9.65%59,06541.630.726.7%9.5%0.1217.0%plus 87.2%
KEIKEI Industries3,988.00minus 1.80%38,14336.129.918.7%11.0%0.0419.1%plus 1.8%
HONAUTHoneywell Automation India30,080.00minus 0.79%26,61347.035.715.7%13.8%0.0210.9%minus 17.5%
VGUARDV-Guard Industries292.25plus 1.44%12,76831.324.116.0%9.6%0.0613.1%minus 22.8%
Median of 7 peers–−1.42%70,78942.630.722.1%13.1%0.0219.1%3.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,4661,4041,7551,8111,853
1,3421,2801,5851,6201,685
124123171191168
8.4%8.8%9.7%10.5%9.1%
5.35.77.511.713.7
4.3333.13
26.326.528.127.728.9
–−22.1–––
98.377.3147172150
24.8%26.2%23.8%24.2%25.4%
73.957.1112130112
1.681.302.552.962.54

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+13.1%
Profit CAGR 3Y
+17.7%
EPS CAGR 3Y
+17.2%
ROE
17.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,0924,8225,5375,918
–+17.8%+14.8%+6.9%
3,7724,3915,0205,391
320431517527
7.8%8.9%9.3%8.9%
10.81211.918.6
16.239.524.512.4
64.480.995.7108
5.318.25.2−17.5
256340414408
26.1%24.3%24.2%24.4%
189258314308
–+36.2%+21.8%minus 1.7%
4.355.887.147.01

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
43.243.443.643.7
1,5641,7712,0542,329
503401134165
7969461,1071,175
2,9073,1613,3383,714
590669719853
23.724.848.619.9
33.370.570.595.5
69.876.963.9229
2,1902,3202,4362,517
2,9073,1613,3383,714

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
424393477459
−771−153−96.9−364
326−232−378−97.7
−21.37.92.5−3.1
−103−128−121−180
321265356279
−56.1−56.3−61.1−65.4

Shareholding pattern

Source: NSE filings
53.2%
promoters
  • Promoters53.21%
  • Public46.79%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202653.21%46.79%minus 0.01
30 Jun 202653.22%46.78%minus 0.01
31 Mar 202653.23%46.77%minus 0.05
31 Dec 202553.28%46.72%minus 0.04
30 Sep 202553.32%46.68%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you