V-guard IND Ltd.
NSE: VGUARD · Household Appliances · sector
₹265.95NSE close 2026-10-26
Key numbers
Market cap₹11,619 cr
Price₹265.95
52w high / low₹384 / ₹266
P/E32.0xSector median 41.4x
P/B4.9xSector median 4.5x
Book value₹54.3
Dividend yield0.56%Sector median 0.69%
ROE16.3%Sector median 10.0%
ROCE20.7%Sector median 11.2%
OPM9.1%Sector median 6.7%
Debt / equity0.00xSector median 0.03x
EV/EBITDA19.9xSector median 20.9x
Interest cover43.9x
Current ratio1.84x
Sales growth 3y+13.1%Sector median +7.1%
Profit growth 3y+17.7%Sector median +9.6%
PEG1.87x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 23 companies in Household Appliances (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹240 cr vs borrowings ₹9 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹420 cr → ₹9 cr).
- Operating profit covered interest 43.9x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 8% of net profit in the last 12 months.
- Debtor days went from 45 (FY24) to 33 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹265.95 on 2026-10-26: -30.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹447.25 · low ₹265.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,294 | 1,269 | 1,538 | 1,466 | 1,341 | 1,404 | 1,755 | 1,811 |
| EBITDA | 110 | 104 | 143 | 124 | 109 | 101 | 171 | 191 |
| OPM % | 8.5% | 8.2% | 9.3% | 8.4% | 8.1% | 7.2% | 9.7% | 10.5% |
| Other income | 4 | 5 | 4 | 5 | 5 | 6 | 8 | 12 |
| Net profit | 63 | 60 | 91 | 74 | 65 | 57 | 112 | 130 |
| EPS (₹) | 1.45 | 1.38 | 2.08 | 1.69 | 1.49 | 1.30 | 2.56 | 2.97 |
| Revenue YoY | +3.6% | +10.6% | +14.1% | +23.5% | ||||
| Profit YoY | +3.0% | -5.2% | +23.0% | +76.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,498 | 4,126 | 4,857 | 5,578 | 5,966 | 6,310 |
| EBITDA | 338 | 320 | 427 | 513 | 505 | 572 |
| Net profit | 228 | 189 | 258 | 314 | 308 | 365 |
| EPS (₹) | 5.29 | 4.38 | 5.89 | 7.17 | 7.03 | 8.32 |
| Revenue growth | +17.9% | +17.7% | +14.8% | +7.0% | +13.4% | |
| Profit growth | -16.9% | +36.2% | +21.8% | -1.7% | +26.4% | |
| Dividend / share (₹) | 1.20 | 1.30 | 1.30 | 1.40 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +13.1% | +17.0% | +13.4% |
| Net profit | +17.7% | +9.0% | +26.4% |
| EPS | +17.1% | +8.5% | – |
| Share price | – | -19.1% (2y) | -22.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,608 | 1,814 | 2,098 | 2,373 |
| Borrowings | – | 420 | 291 | 11 | 9 |
| Cash & equivalents | – | 67 | 88 | 75 | 240 |
| Total assets | – | 2,907 | 3,161 | 3,338 | 3,714 |
| Fixed assets | – | 459 | 511 | 529 | 662 |
| Capital work in progress | – | 24 | 25 | 49 | 20 |
| Investments | – | 0 | 71 | 71 | 96 |
| Receivables | – | 569 | 596 | 542 | 533 |
| Inventory | – | 767 | 812 | 997 | 1,024 |
| Payables | – | 489 | 550 | 657 | 738 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -39 | 424 | 393 | 477 | 459 |
| Cash from investing | -120 | -771 | -153 | -97 | -364 |
| Cash from financing | -61 | 326 | -232 | -378 | -98 |
| Capex | 125 | 103 | 128 | 121 | 180 |
| Free cash flow | -163 | 321 | 265 | 356 | 279 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.8% | 14.2% | 15.0% | 13.0% |
| ROCE % | – | 13.4% | 18.0% | 20.8% | 17.6% |
| Debtor days | – | 50 | 45 | 35 | 33 |
| Inventory days | – | 97 | 92 | 102 | 98 |
| Payable days | – | 62 | 62 | 67 | 71 |
| Cash conversion cycle (days) | – | 85 | 75 | 70 | 60 |
| Working capital days | – | 61 | 50 | 50 | 56 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 53.21% |
| FIIs | 13.02% |
| DIIs | 21.62% |
| of which Mutual funds | 20.96% |
| of which Insurance | 0.07% |
| Public (non-institutions) | 12.15% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.35% | 54.30% | 54.28% | 53.32% | 53.28% | 53.23% | 53.22% | 53.21% |
| Promoter group | % |
|---|---|
| Mithun Kochouseph Chittilappilly | 19.77% |
| Arun K Chittilappilly | 8.65% |
| Chittilappily Thomas Kochouseph | 8.41% |
| Anekha Chittilappilly Trust(Mithun Kochouseph Chittilappilly, Joshna Johnson Thomas-Trustees) | 4.88% |
| K Chittilappilly Trust (Kochouseph Thomas Chittilappilly,Sheela Grace Kochouseph,Mithun Kochouseph Chittilappilly,Arun K Chittilappilly,Jayaraj B , Vinod SM, Jayasree K-Trustees) | 4.76% |
| Arav Chittilappilly Trust (Kochouseph Chittilappilly, Sheela Grace Kochouseph,Arun K Chittilappilly,Priya Sarah Cheeran Joseph-Trustees) | 4.24% |
| Sheela Grace Kochouseph | 2.50% |
| Mariamma Pappu | 0.00% |
| Joy Palathingal | 0.00% |
| C T John | 0.00% |
| Mary Susheela | 0.00% |
| Alice George | 0.00% |
| Alphonsa Joseph | 0.00% |
| Francis P V | 0.00% |
| Helen George | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sbi Small Cap Fund | 6.51% |
| Icici Prudential Multi-Asset Fund | 4.81% |
| Kotak Small Cap Fund | 3.74% |
| Aditya Birla Sun Life Mutual Fund - Aditya Birla Sun Life Flexi Cap Fund | 3.63% |
| Nalanda India Equity Fund Limited | 3.57% |
| Priya Sarah Cheeran Joseph | 2.17% |
| Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund | 1.70% |
| Kotak Funds - India Midcap Fund | 1.41% |
| Nalanda India Fund Limited | 1.25% |
1,36,486 shareholders. Pledged: – of promoter shares.
Peers in Household Appliances
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LGEINDIA | ₹1,10,056 cr | 60.3x | 14.4x | 23.8% | 33.0% | 10.1% | – | – |
| VOLTAS | ₹31,347 cr | 69.8x | 4.9x | 7.0% | 11.8% | 4.7% | +14.5% | 0.74% |
| BLUESTARCO | ₹30,933 cr | 60.8x | 9.0x | 15.7% | 18.4% | 6.8% | +15.8% | 0.59% |
| AMBER | ₹20,836 cr | 216.5x | 4.8x | 2.9% | 8.7% | 6.7% | +20.7% | – |
| CROMPTON | ₹12,488 cr | – | 4.1x | -5.5% | 1.6% | 1.8% | +5.6% | 1.54% |
| VGUARD | ₹11,619 cr | 32.0x | 4.9x | 16.3% | 20.7% | 9.1% | +13.1% | 0.56% |
| WHIRLPOOL | ₹10,192 cr | 40.6x | 2.5x | 6.2% | 9.2% | 4.6% | +6.4% | 0.63% |
| TTKPRESTIG | ₹7,197 cr | 37.2x | 3.6x | 10.0% | 13.8% | 9.3% | +2.3% | 1.14% |
| EUREKAFORB | ₹5,880 cr | 32.7x | 1.3x | 4.0% | 5.5% | 10.7% | – | – |
| BOSCH-HCIL | ₹4,658 cr | 1,070.7x | 9.3x | 0.8% | 3.9% | 1.9% | +4.2% | 2.96% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Electricals | ₹2,461 cr | 41.2% | ₹280 cr | 11.4% |
| Electronics | ₹1,640 cr | 27.5% | ₹294 cr | 17.9% |
| Cosumer Durables | ₹1,616 cr | 27.1% | ₹26 cr | 1.6% |
| Sunflame | ₹250 cr | 4.2% | ₹13 cr | 5.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-31 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-07-31 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-07-25 | Dividend | Annual General Meeting/Dividend - Rs 1.40 Per Share |
| 2023-08-17 | Dividend | Dividend - Rs 1.30 Per Share |
| 2022-07-20 | Dividend | Annual General Meeting/Dividend - Rs 1.30 Per Share |
| 2021-07-28 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2020-02-26 | Dividend | Interim Dividend - Re 0.90 Per Share |
| 2019-07-16 | Dividend | Annual General Meeting/Dividend - Rs 0.80 Per Share |
| 2018-07-23 | Dividend | Annual General Meeting/Dividend- Re 0.70 Per Share |
| 2017-07-21 | Dividend | Annual General Meeting/Dividend - Re 0.70 Per Share |
| 2017-03-15 | Bonus | Bonus 2:5 |
| 2016-08-30 | Split | Face Value Split From Rs 10 To Re 1 |
| 2016-07-18 | Dividend | Annual General Meeting/ Dividend - Rs 2.50/- Per Share |
| 2016-03-17 | Dividend | Interim Dividend - Rs 4.50/- Per Share |
| 2015-07-24 | Dividend | Annual General Meeting/Dividend - Rs 4.50/- Per Share |
| 2014-07-17 | Dividend | Annual General Meeting / Final Dividend - Rs 4.50/- Per Share |
| 2013-07-11 | Dividend | Annual General Meeting/Dividend Rs 3.50/- Per Equity Share |
| 2012-07-12 | Dividend | Annual General Meeting/ Dividend Rs.3.50 Per Share |
| 2011-07-13 | Dividend | Annual General Meeting And Dividend Rs.3.50 Per Share |
| 2010-07-14 | Dividend | Annual General Meeting / Dividend Rs 3 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Electronics: Stabilizers, Digital UPS and Solar Power Systems
- Electrical: PVC Insulated Cables, Switch Gears, Pumps and Modular Switches
- Consumer Durables: Electric Water Heaters, Solar Water Heaters, Fans, and Kitchen appliances.
| Sector | Consumer Discretionary |
| Industry | Household Appliances |
| Sub-industry | Household Appliances |
| Symbol | VGUARD |
| BSE code | 532953 |
| ISIN | INE951I01027 |
| Face value | ₹1.0 |
| Incorporated | 1996-02-12 |
| Website | www.vguard.in |
| Plants (India / abroad) | 43 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.