NSE: VGUARD | BSE: 532953

Mid-range Performer

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304.30 -1.30 (-0.43%)

Near 52W Low of ₹290.00

98,187 NSE+BSE Volume

NSE 13 Jul, 2026 3:31 PM (IST)

13,294.6

Market Cap

Market Runner Up

Beta 1Year

Very Low volatility

Dividend

V-Guard Industries has an upcoming dividend of ₹1.500 per share due on 31 Jul 2026 See details

V-Guard Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VGUARD, BSE:532953 V-Guard Industries Ltd.

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V-Guard Industries Ltd.

13 May 2026, 12:00AM

304.30

-0.43%

V-Guard Industries (BUY): Broadly in-line quarter; lower spends cushion margins

Buy: V-Guard Industries Ltd.

BOB Capital Markets Ltd.

Q4FY26 was broadly in-line, with revenue 1% ahead and EBITDA 2% below estimates; revenue/EBITDA grew 14%/19% YoY

V-Guard Industries L.. has an average target of 419.00 from 3 brokers.

V-Guard Industries Ltd.

18 Mar 2026

304.30

-0.43%

V-GUARD INDUSTRIES LIMITED

Buy: V-Guard Industries Ltd.

Recommendation Target

Geojit BNP Paribas

Sunflame's business declined 10% YoY amid higher competition, channel weakness, and portfolio refresh delays, while benefits from ongoing sales integration are expected to materialize progressively from FY27. Early signs of a warmer season and the IMD's forecast of an intense summer reinforce management's confidence in a strong Q4 performance. Price hikes, along with seasonal volume recovery, are expected to drive earnings acceleration in FY27, particularly in the Electronics and Consumer Durables segments. We revise our FY26E & FY27E EPS estimates downward by 3.3% and 12.0%, respectively, reflecting lower-than-expected revenue growth and a reset in margins based...

V-Guard Industries L.. has an average target of 419.00 from 3 brokers.

V-Guard Industries Ltd.

30 Jan 2026

304.30

-0.43%

V-Guard Industries (BUY): In-line performance; margin resilience on cost control

Buy: V-Guard Industries Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Revenue/EBITDA was 2%/3% above estimates. Q2 revenue grew 11% YoY, while EBITDA grew 18% YoY

V-Guard Industries L.. has an average target of 419.00 from 3 brokers.

V-Guard Industries Ltd.

18 Nov 2025

304.30

-0.43%

V-GUARD INDUSTRIES LIMITED

Accumulate: V-Guard Industries Ltd.

Target

Geojit BNP Paribas

V-Guard Industries Ltd (VGRD) is one of the leading players in the electrical consumer durables space. Major product segments include Stabilizers, Cables & Wires, UPS, Pumps and Electrical Appliances. In Q2FY26, revenue recorded a modest 3.6% YoY increase, constrained by an extended monsoon and subdued demand across summer-dependent categories such as AC stabilizers and fans. Gross margin rose to 37.6% (+170 bps YoY), supported by a favourable product mix and lower copper prices. However, EBITDA margin slipped to 8.1% (-40 bps YoY) due to reduced operating leverage. Sunflame business delivered 3.4% YoY growth, with integration progressing and synergy benefits anticipated over time....

V-Guard Industries Ltd. is trading below all available SMAs

V-Guard Industries Ltd.

02 Nov 2025

304.30

-0.43%

Tepid Q2; expect recovery from H2; maintaining a Buy

Buy: V-Guard Industries Ltd.

Target

Anand Rathi

V-Guard’s Q2 EBITDA beat our estimate by 4.4%, driven by stronger margins in Electricals and a sharp Sunflame recovery from all-time lows.

V-Guard Industries Ltd. is trading below all available SMAs

V-Guard Industries Ltd.

30 Oct 2025

304.30

-0.43%

V-Guard Industries (HOLD): Weakness persists; margin recovery expected ahead

Hold: V-Guard Industries Ltd.

Target

BOB Capital Markets Ltd.

Revenue/EBITDA was 2%/6% below estimates. Q2 revenue grew 4% YoY while EBITDA declined 1% YoY

V-Guard Industries L.. has an average target of 419.00 from 3 brokers.

V-Guard Industries Ltd.

31 Jul 2025

304.30

-0.43%

V-Guard Industries (HOLD): Weak Q1; forays into Consumer Lighting

Hold: V-Guard Industries Ltd.

Target

BOB Capital Markets Ltd.

Revenue/EBITDA was 2%/17% below estimates. Q1 revenue declined 1% YoY while EBITDA/PAT lowered 21%/25% YoY

V-Guard Industries L.. has an average target of 419.00 from 3 brokers.

V-Guard Industries Ltd.

11 Jun 2025

304.30

-0.43%

V-GUARD INDUSTRIES LIMITED

Accumulate: V-Guard Industries Ltd.

Recommendation Target

Geojit BNP Paribas

V-Guard Industries Ltd (VGRD) is one of the leading players in the electrical consumer durables space. Major product segments include Stabilizers, Cables & Wires, UPS, Pumps and Electrical Appliances. In Q4FY25, revenue grew 15% YoY, exceeding estimates, driven by strong growth in Electronics (+26% YoY), Electricals (+15% YoY), and the Consumer division (+12% YoY). However, the Sunflames' business declined by 24% YoY. EBITDA grew by 12% YoY, while EBITDA margins declined by 22bps YoY to 9.3% despite a 120bps YoY improvement in gross margins, largely due to higher...

V-Guard Industries Ltd. is trading below all available SMAs

V-Guard Industries Ltd.

16 May 2025

304.30

-0.43%

Strong growth across segments except Sunflame

Buy: V-Guard Industries Ltd.

Recommendation Target

ICICI Securities Limited

V-Guard reported a strong set of Q4FY25 result which was partially overshadowed by muted numbers of Sunflame. We believe V-Guard did well led by Stabiliser business benefitting from strong demand for air conditioners.

V-Guard Industries L.. has an average target of 419.00 from 3 brokers.

V-Guard Industries Ltd.

15 May 2025

304.30

-0.43%

Electronics growth momentum continues; maintaining a Buy

Buy: V-Guard Industries Ltd.

Anand Rathi

Strong electronics growth continued for V Guard, supported by an uptick in the electrical portfolio driven by higher copper prices. ECD grew in line with the industry, while Sunflame continued to underperform.

V-Guard Industries L.. has an average target of 419.00 from 3 brokers.

Is V-Guard Industries Ltd. worth buying?

259 Votes:

Buy 73.75%

Sell 17.76%

Hold 8.49%

RESEARCH REPORTS

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