V-Guard Industries Limited

NSE: VGUARD · Consumer Durables

₹292.25+1.44%06 Nov 2026

Ask the data

Instant answers about V-Guard Industries Limited — computed from its filings, no language model

Market cap₹12,768 cr

Current price₹292.25

High / Low₹373 / ₹262

P/E31.1

P/B4.98

Book value₹58.7

ROE16.0%

ROCE21.7%

Debt / equity0.00

Dividend yield0.51%

EPS (TTM)₹9.41

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,503	2,721	3,498	4,126	4,857	5,578	5,966
EBITDA	258	312	338	320	427	513	527
Operating margin	10.3%	11.5%	9.7%	7.8%	8.8%	9.2%	8.8%
Interest	4	6	8	16	40	25	12
Depreciation	29	39	49	64	81	96	108
Profit before tax	250	288	294	256	340	414	408
Tax	61	86	66	67	83	100	100
Net profit	187	201	228	189	258	314	308
EPS ₹	4.38	4.68	5.29	4.38	5.89	7.17	7.03
Operating cash flow	—	—	-39	424	393	477	459
Capex	—	—	125	103	128	121	180
Dividend paid	—	—	52	56	56	61	65
Total assets	—	—	—	2,907	3,161	3,338	3,714
Equity	—	—	—	1,608	1,814	2,098	2,373

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	707	623	632	541	408	623	835	855	565	907	967	1,058	986	981	1,140	1,215	1,134	1,165	1,343	1,477	1,294	1,269	1,538	1,466	1,341	1,404	1,755	1,811	1,853
Operating profit	72	79	61	46	10	76	116	110	46	95	87	111	73	66	99	105	92	102	128	156	110	104	143	124	109	123	171	191	168
Operating margin	10.2%	12.7%	9.7%	8.4%	2.4%	12.3%	13.8%	12.9%	8.1%	10.5%	9.0%	10.5%	7.4%	6.7%	8.7%	8.6%	8.2%	8.7%	9.5%	10.5%	8.5%	8.2%	9.3%	8.4%	8.1%	8.8%	9.7%	10.5%	9.1%
Other income	6	8	6	5	5	7	6	4	4	3	3	4	3	6	3	12	14	3	5	7	4	5	4	5	5	6	8	12	14
Interest	1	1	1	1	1	1	1	3	2	3	2	2	2	2	10	11	9	9	10	9	8	6	3	4	2	3	3	3	3
Depreciation	7	7	8	7	8	9	10	12	11	11	14	13	15	17	19	20	20	19	22	22	22	25	27	26	27	27	28	28	29
Profit before tax	70	78	58	42	5	73	110	100	37	83	74	100	59	53	72	86	78	76	101	132	85	79	118	98	85	77	147	172	150
Tax	17	20	14	10	1	21	32	31	11	24	20	10	16	14	19	22	19	18	24	33	21	19	27	24	20	20	35	42	38
Net profit	53	58	44	32	4	52	78	68	26	59	53	90	44	39	53	0	59	58	76	99	63	60	91	74	65	57	112	130	112
EPS ₹	1.24	1.36	1.03	0.75	0.09	1.20	1.82	1.58	0.59	1.38	1.23	2.08	1.01	0.91	1.22	1.48	1.35	1.33	1.74	2.26	1.45	1.38	2.08	1.69	1.49	1.30	2.56	2.97	2.54
Revenue YoY	—	—	—	—	-42.3%	-0.0%	32.1%	58.0%	38.5%	45.6%	15.8%	23.7%	8.7%	1.4%	7.7%	—	15.0%	18.8%	17.8%	21.6%	14.1%	8.9%	14.5%	-0.7%	3.6%	10.6%	14.1%	23.5%	38.2%
Profit YoY	—	—	—	—	-92.9%	-11.4%	77.7%	110.8%	576.4%	14.9%	-31.8%	32.2%	-26.4%	-26.1%	-41.2%	—	35.0%	48.2%	44.5%	—	7.5%	3.4%	19.6%	-25.4%	3.0%	-5.2%	23.0%	76.4%	71.0%

Earlier results (standalone, Dec '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

V-Guard Industries Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	317	454	727	994	1,370	1,518	1,746	1,862	2,151	2,312	2,568
Operating profit	32	51	73	94	110	123	133	178	215	188	223
Operating margin	10.0%	11.1%	10.1%	9.4%	8.0%	8.1%	7.6%	9.6%	10.0%	8.1%	8.7%
Other income	3	1	2	2	4	5	4	7	13	10	15
Interest	5	5	11	17	20	21	21	9	2	2	1
Depreciation	4	7	8	10	11	12	15	15	16	19	22
Profit before tax	26	40	59	69	82	94	101	161	210	177	215
Tax	9	14	16	18	19	24	31	49	58	44	49
Net profit	17	25	43	51	63	70	71	112	152	133	166

Quarters

showing latest 8 of 46 periods

	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	65	81	79	83	69	85	86	106	120	142	168	159	177	223	240	219	257	277	329	313	349	379	408	334	353	422	478	431	395	442	499	433	416	513	573	495	460	623	569	560	524	660	637	598	594	740
Operating profit	5	8	10	9	4	10	13	13	11	13	20	17	16	19	23	15	23	33	34	30	26	20	31	27	29	35	40	36	22	35	43	36	35	63	64	53	39	59	33	67	49	39	48	51	45	78
Operating margin	7.7%	9.3%	12.1%	10.4%	5.1%	11.5%	15.1%	12.4%	9.3%	9.4%	11.9%	10.9%	9.3%	8.7%	9.5%	6.9%	8.8%	11.9%	10.4%	9.6%	7.4%	5.3%	7.6%	8.1%	8.3%	8.4%	8.5%	8.3%	5.5%	8.0%	8.7%	8.4%	8.3%	12.4%	11.1%	10.8%	8.4%	9.5%	5.7%	12.0%	9.4%	5.9%	7.6%	8.6%	7.6%	10.6%
Other income	0	0	1	1	1	1	0	0	0	0	0	0	0	1	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2	3	4	3	3	3	2	3	2	2	2	4	7
Interest	1	1	1	1	1	1	1	1	2	2	2	3	3	4	4	4	5	4	4	4	5	6	5	5	5	5	5	5	5	5	4	2	1	1	1	1	0	0	0	0	0	0	0	0	1	0
Depreciation	1	1	1	1	1	1	2	1	2	2	2	2	2	2	2	2	2	3	3	3	3	3	3	3	3	3	4	4	4	4	4	4	4	4	4	4	4	4	5	5	5	5	5	5	6	6
Profit before tax	3	6	9	7	2	8	11	11	8	9	16	13	12	18	17	9	16	27	28	24	19	11	24	21	22	28	32	28	14	28	37	32	31	60	62	53	37	58	31	64	47	36	44	48	43	79
Tax	1	2	3	3	1	3	4	4	3	3	5	4	3	4	5	2	4	8	7	6	4	2	6	6	4	8	10	8	4	8	12	9	10	19	20	13	9	16	8	17	11	8	10	10	9	20
Net profit	2	4	6	4	1	6	7	7	5	6	11	9	9	14	12	7	12	19	21	18	15	9	18	14	18	20	22	19	9	20	25	23	21	42	43	39	28	42	23	46	36	28	34	38	34	59
EPS ₹	0.92	1.64	1.91	1.48	0.47	1.95	2.31	2.42	1.77	2.04	3.71	2.94	2.86	4.76	4.14	2.29	4.17	6.42	6.92	6.02	5.14	2.99	5.91	4.85	5.88	6.86	7.46	6.42	3.09	6.70	8.39	7.69	7.16	13.97	14.22	1.30	0.93	0.99	0.55	1.09	0.84	0.64	0.81	0.90	0.79	1.39
Revenue YoY	—	—	—	—	6.4%	4.6%	8.6%	27.6%	72.8%	67.0%	95.4%	49.6%	47.7%	56.4%	42.7%	37.9%	45.3%	24.6%	37.1%	43.1%	35.8%	36.5%	24.0%	6.6%	1.1%	11.5%	17.0%	29.1%	12.0%	4.5%	4.5%	0.5%	5.3%	16.2%	14.7%	14.2%	10.4%	21.4%	-0.6%	13.1%	13.9%	5.8%	11.9%	6.7%	13.5%	12.1%
Profit YoY	—	—	—	—	-30.0%	62.1%	21.1%	63.2%	275.7%	4.5%	60.6%	21.4%	62.5%	134.0%	11.4%	-22.1%	45.6%	34.7%	67.3%	162.7%	23.3%	-53.4%	-14.6%	-19.4%	14.2%	129.1%	26.1%	32.4%	-47.3%	-2.0%	13.1%	20.3%	132.7%	109.1%	70.0%	70.0%	30.2%	-0.3%	-45.7%	18.6%	27.9%	-34.1%	48.0%	-17.9%	-5.8%	114.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	8.4%	9.0%	10.1%	10.7%	16.1%	15.4%	15.5%	15.0%	13.8%	13.3%	13.1%	13.0%	15.4%	16.0%
ROCE	—	—	—	—	—	—	—	—	—	14.6%	16.3%	17.8%	18.0%	20.1%	20.7%	20.6%	20.8%	19.0%	18.0%	17.8%	17.6%	20.7%	21.7%
Net margin	7.5%	6.3%	6.0%	6.9%	7.4%	7.7%	7.3%	6.2%	6.5%	3.1%	3.4%	3.7%	4.0%	5.7%	5.6%	5.6%	5.6%	5.2%	5.2%	5.0%	5.2%	5.8%	6.0%
EBITDA margin	10.3%	8.9%	8.8%	10.3%	11.5%	12.1%	11.6%	10.2%	9.7%	7.9%	8.1%	8.5%	8.8%	9.3%	9.4%	9.3%	9.2%	8.6%	8.6%	8.7%	8.8%	9.4%	9.6%
Debt / equity	—	—	—	—	—	—	—	—	—	0.26	0.17	0.17	0.16	0.16	0.08	0.08	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Interest coverage	60.85	45.20	42.14	52.47	48.23	50.40	40.15	34.76	38.26	11.69	9.81	8.84	9.61	11.37	12.09	13.42	17.89	19.81	26.80	32.79	33.95	43.91	46.36
Asset turnover	—	—	—	—	—	—	—	—	—	1.49	1.51	1.57	1.54	1.62	1.63	1.66	1.67	1.67	1.68	1.72	1.61	1.70	1.60

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	43	43	43	43	44	44	44	44	44
Other equity / reserves	1,417	1,564	1,639	1,771	1,887	2,054	2,147	2,329	2,519
Total equity	1,460	1,608	1,683	1,814	1,931	2,098	2,190	2,373	2,563
Borrowings	10	420	293	291	147	11	7	9	8
Current liabilities	564	817	847	1,002	1,079	1,023	908	1,090	1,463
Non-current liabilities	82	483	427	345	230	217	240	251	251
Total assets	2,107	2,907	2,956	3,161	3,240	3,338	3,338	3,714	4,276
Property, plant & equipment	378	459	453	511	520	529	543	662	673
Capital work-in-progress	14	24	45	25	31	49	79	20	55
Investments	134	0	86	101	151	81	116	276	532
Inventories	814	767	772	812	926	997	999	1,024	1,305
Receivables	372	569	456	596	461	542	428	533	389
Cash & equivalents	70	40	90	47	59	50	43	47	91

Cash flow

annual · ₹ crore · line = free cash flow

	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
Dividends paid	52	56	56	61	65

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹673 cr16%

CWIP

₹55 cr1%

Investments

₹532 cr12%

Inventories

₹1,305 cr31%

Receivables

₹389 cr9%

Cash & equivalents

₹91 cr2%

Other assets

₹1,232 cr29%

Peer comparison

largest in Consumer Durables · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Titan Company Ltd.	4,43,900	5,000.00	63.1	24.31	38.5%
Asian Paints Ltd.	2,44,212	2,546.00	50.5	11.24	22.3%
LG Electronics India Ltd.	1,19,063	1,754.10	61.9	13.52	21.8%
Dixon Technologies (India) Ltd.	77,202	12,625.00	49.8	13.13	26.4%
Havells India Ltd.	70,793	1,128.00	42.6	7.24	17.0%
Kalyan Jewellers India Ltd.	61,009	590.75	42.5	9.67	22.7%
Berger Paints India Ltd.	55,776	478.35	45.5	7.88	17.3%
Voltas Ltd.	36,355	1,099.00	80.9	5.70	7.0%
Blue Star Ltd.	32,382	1,575.00	60.6	9.29	15.3%
Amber Enterprises India Ltd.	22,582	6,403.00	235.1	5.16	2.2%
V-Guard Industries Limited	12,768	292.25	31.1	4.98	16.0%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.3%

6 months-12.0%

1 year-23.6%

3Y CAGR-0.2%

5Y CAGR+2.4%

10Y CAGR+6.7%

50-day avg₹305.32

200-day avg₹314.46

RSI (14)53

FAQs

What is the share price of V-Guard Industries Limited?

V-Guard Industries Limited (VGUARD) closed at ₹292.25 on NSE on 06 Nov 2026.

What is the market cap of V-Guard Industries Limited?

₹12,768 crore at the latest close.

What is the P/E ratio of V-Guard Industries Limited?

31.1, on trailing-twelve-month earnings from its filings.

How fast is V-Guard Industries Limited growing?

V-Guard Industries Limited: revenue has compounded at 13.1% a year over three years; net profit at 17.7% a year. Latest-quarter revenue is up 38.2% year on year, profit up 71.0%.

How profitable is V-Guard Industries Limited?

On a trailing-twelve-month basis return on equity is 16.0%, return on capital employed 21.7%, operating margin 9.6%, net margin 6.0%.

How much debt does V-Guard Industries Limited have?

V-Guard Industries Limited is debt-free: debt to equity is 0.00 with borrowings of ₹8 cr against cash of ₹91 cr (balance sheet of 2026-09-30). Operating profit covers interest 46.4 times.

Financials parsed from V-Guard Industries Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.