NSE: VGUARD | BSE: 532953

Mid-range Performer

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373.25 3.30 (0.89%)

57,290 NSE+BSE Volume

High vol. this week

NSE 19 Sep, 2025 11:17 AM (IST)

16,273.7

Market Cap

Market Runner Up

0.6

Beta 1Year

Very Low volatility

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.

V-Guard Industries Ltd.

31 May 2023

373.25

0.89%

V-Guard Industries (HOLD): Sunflame key for FY24

Hold: V-Guard Industries Ltd.

Target

BOB Capital Markets Ltd.

Flat quarter despite growth in non-core markets; Q4 gross margin improved but EBITDA margin still under pressure

V-Guard Industries Ltd. is trading above its 150 day SMA of 366.7

V-Guard Industries Ltd.

31 May 2023

373.25

0.89%

Integration with Sunflame and synergy benefits hold the key for rerating

Accumulate: V-Guard Industries Ltd.

ICICI Securities Limited

We believe there are three key factors which will likely help to drive rerating of V Guard: (1) successful integration with Sunflame and synergy benefits, (2) improvement in market shares of both these businesses as there will be higher resources available for brand building efforts post integration of Sunflame and (3) improvement in margins of V Guard (mainly Consumer durables segment).

V-Guard Industries Ltd. is trading above its 150 day SMA of 366.7

V-Guard Industries Ltd.

06 Feb 2023

373.25

0.89%

V-Guard Industries

Buy: V-Guard Industries Ltd.

ICICI Direct

V-Guard Industries Ltd. is trading below its 50 day SMA of 376.3

V-Guard Industries Ltd.

06 Feb 2023

373.25

0.89%

Expect recovery in margins with discounting in fans largely over and correction in input prices

Accumulate: V-Guard Industries Ltd.

ICICI Securities Limited

V-Guard’s Q3FY23 EBITDA margin of 6.7% was lowest in past 10 quarters. Change in revenue mix, discounting of non-star rated fans and high priced inventory impacted the margins.

V-Guard Industries Ltd. is trading above its 150 day SMA of 366.7

V-Guard Industries Ltd.

14 Dec 2022

373.25

0.89%

V-Guard Industries

Buy: V-Guard Industries Ltd.

Recommendation Target

ICICI Direct

V-Guard Industries Ltd. is trading below its 50 day SMA of 376.3

V-Guard Industries Ltd.

12 Dec 2022

373.25

0.89%

Sunflame acquisition likely to be DCF-accretive

Accumulate: V-Guard Industries Ltd.

ICICI Securities Limited

V-Guard’s planned acquisition of Sunflame is likely to be both earnings- accretive (in FY24E) and DCF-accretive. V-Guard’s two major segments – (1) stabilisers, and (2) UPS & battery – are likely to grow at low-to-mid single digits in tandem with improving availability of electricity across urban and rural markets.

V-Guard Industries Ltd. average weekly volume is high.

V-Guard Industries Ltd.

01 Nov 2022

373.25

0.89%

V-GUARD INDUSTRIES LIMITED

Accumulate: V-Guard Industries Ltd.

Target

Geojit BNP Paribas

V-Guard Industries Ltd. average weekly volume is high.

V-Guard Industries Ltd.

31 Oct 2022

373.25

0.89%

Weak revenues; lower margins

Accumulate: V-Guard Industries Ltd.

Target

ICICI Securities Limited

V-Guard’s Q2FY23 print was largely similar to other listed peers.

V-Guard Industries Ltd. is trading below its 50 day SMA of 376.3

V-Guard Industries Ltd.

28 Oct 2022

373.25

0.89%

V-Guard Industries

Hold: V-Guard Industries Ltd.

Target

ICICI Direct

V-Guard Industries Ltd. is trading below its 50 day SMA of 376.3

V-Guard Industries Ltd.

19 Sep 2022, 12:00AM

373.25

0.89%

ECD segment margin expansion holds the key

Accumulate: V-Guard Industries Ltd.

Target

ICICI Securities Limited

We remain positive on V-Guard as we believe the ECD segment margin is likely to expand over FY23-24 due to (1) input price correction, (2) higher scale of operations and (3) better utilization of Roorkee plant and lower effect tax rate in FY24-25.

V-Guard Industries Ltd. average weekly volume is high.

Is V-Guard Industries Ltd. worth buying?

252 Votes:

Buy 73.81%

Sell 17.86%

Hold 8.33%

RESEARCH REPORTS

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