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.

23 Feb 2022

344.50

1.04%

Earnings growth likely to remain lower than peers

Accumulate: V-Guard Industries Ltd.

Recommendation Target

ICICI Securities Limited

V-Guard reported earnings CAGR of 8.6% over FY17-21 vs Havells (15.4%), Crompton (21.5%) and Polycab (39.2%). We model V-Guard’s earnings growth to be lower than peers ahead too due to (1) negligible growth in stabilizer business with improving quality and quantity of power supply pan India, (2) While V-Guard has forayed into high-growth consumer durables business, it generates lowest margin among all three segments, (3) Non-South region also offers higher
growth but lower margins and (4) V-Guard’s right-to-win in kitchen appliances also appears low

Geojit BNP Paribas decreased Accumulate price target of V-Guard Industries Ltd. to 414.0 on 18 Nov, 2025.

V-Guard Industries Ltd.

16 Feb 2022

344.50

1.04%

V-GUARD INDUSTRIES LIMITED

Accumulate: V-Guard Industries Ltd.

Target

Geojit BNP Paribas

VGIL continues to focus on increasing penetration in Non-south market, new product launches and expanding retail chains. Despite downgrade in EPS, considering healthy balance sheet and...

Geojit BNP Paribas decreased Accumulate price target of V-Guard Industries Ltd. to 414.0 on 18 Nov, 2025.

V-Guard Industries Ltd.

29 Oct 2021

344.50

1.04%

V-GUARD INDUSTRIES LIMITED - Q2 FY22 Result Update

Buy: V-Guard Industries Ltd.

LKP Securities

c.46% yoy on the back of strong recovery in the consumption scenario with gradual opening up. 194 bps on yoy basis. VGIL has been quick in passing on its price increase on selected product categories like wires, cables and kitchen appliances; however, in the seasonal products such as water heaters and fans, there is a price transmission lag. The company is expected to take a price hike in these products in the following quarters to normalize its margin profile. Both the South and Non-South markets delivered a strong yoy growth of c.45% and c.49% respectively. Faster...

V-Guard Industries L.. has an average target of 442.25 from 4 brokers.

V-Guard Industries Ltd.

03 Aug 2021

344.50

1.04%

V-Guard Industries

Buy: V-Guard Industries Ltd.

Target

ICICI Securities Limited

The company has maintained strong return ratios with RoE and RoCE at ~18% and ~24%, respectively (three year's average) Q1FY22 Results: The company reported a better-than-expected Q1FY22...

Geojit BNP Paribas decreased Accumulate price target of V-Guard Industries Ltd. to 414.0 on 18 Nov, 2025.

V-Guard Industries Ltd.

03 Jul 2021

344.50

1.04%

V-GUARD INDUSTRIES ....The Kangaroo gets ready to leap

Buy: V-Guard Industries Ltd.

LKP Securities

a single product company in 1990s, VGIL has expanded its product portfolio to more than 100 products across electronics, electrical and consumer durables segments. VGIL has created a primary growth drivers for the company. VGIL manufactures around 50% of the products inhouse and rest is outsourced from trusted third party vendors. VGIL now focused on moving towards in-house manufacturing and creating a strong footprint in the non- south markets. VGIL...

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

V-Guard Industries Ltd.

31 May 2021

344.50

1.04%

V-GUARD INDUSTRIES LIMITED

Accumulate: V-Guard Industries Ltd.

Recommendation Target

Geojit BNP Paribas

Q4FY21 Revenue grew by 58% YoY, on account pent-up demand. PAT grew by 110% YoY, led by strong operating performance. EBITDA margin improved by 450bps YoY to 12.9% on account of cost rationalisation and lower advertisement spends. VGIL to trade at premium valuation on account of increasing penetration in Non-south market, new product launches and expanding retail chains, strong growth in its key south market and strong balance sheet position. We might see slight hiccups in earnings due to Covid second wave. However, economic activities to normalise in Q2FY22 leading to...

Geojit BNP Paribas decreased Accumulate price target of V-Guard Industries Ltd. to 414.0 on 18 Nov, 2025.

V-Guard Industries Ltd.

19 Feb 2021

344.50

1.04%

V-Guard Industries

Buy: V-Guard Industries Ltd.

Target

ICICI Securities Limited

V-Guard's performance in Q3FY21 was much ahead of our estimates mainly due to smart sales recovery followed by strong festive demand and market share gains from unorganised/regional players. The company also saw channel re-filling of key products ahead of peak season. According to the management, V-Guard will continue to focus on expanding its distribution network in non-south regions (~41% of revenue). Revenue of non-south regions posted phenomenal growth of 43% YoY, better than ~25% YoY revenue growth from south regions. Other than this, the company will also...

Geojit BNP Paribas decreased Accumulate price target of V-Guard Industries Ltd. to 414.0 on 18 Nov, 2025.

V-Guard Industries Ltd.

15 Feb 2021

344.50

1.04%

V-GUARD INDUSTRIES LIMITED

Buy: V-Guard Industries Ltd.

Recommendation Target

Geojit BNP Paribas

Q3FY21 Revenue grew by 32% YoY, on account of festive & pent-up demand. PAT grew by 80% YoY, led by strong operating performance. EBITDA margin improved by 420bps YoY to 13.7% on account of scale benefits and cost rationalisation. Considering normalisation of economic activities, pick-up in construction activities and revival in discretionary spending, we expect revenue growth momentum to continue. We expect VGIL to trade at premium valuation on account of increasing penetration in Non-south market, new product launches and expanding retail chains, stable performance in its key south...

V-Guard Industries L.. has an average target of 442.25 from 4 brokers.

V-Guard Industries Ltd.

09 Nov 2020

344.50

1.04%

V-GUARD INDUSTRIES LIMITED

Accumulate: V-Guard Industries Ltd.

Target

Geojit BNP Paribas

Q2FY21 Revenue was flat YoY, but on QoQ basis was up by 52%, due to pent-up demand as Covid-19 disruptions ease out. But PAT declined by 13% YoY, due to lower operating performance. Gross margins declined by 220bps YoY, but led by cost rationalisation, decline in EBITDA margins was limited to 50bps YoY to 12%. Focus on Non-South market, new product launches and expanding retail chains will drive growth going forward. Going ahead, we can expect improvement in earnings led by festive season and ease in restrictions. We expect VGIL to trade at premium valuation on account of increasing penetration in Non-south market, stable performance in...

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

V-Guard Industries Ltd.

30 Oct 2020

344.50

1.04%

V-Guard Industries

Buy: V-Guard Industries Ltd.

ICICI Securities Limited

Various cost optimisation measures to protect margins The company witnessed QoQ increase in EBITDA margin led by various cost optimisation measures. On a YoY basis, the base quarter includes ~| 10.2 crore of Esop provision. Adjusting with one-off expense in Q2FY20 and Q2FY21, EBITDA margin would see an improvement of 70 bps YoY. The...

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

Is V-Guard Industries Ltd. worth buying?

257 Votes:

Buy 74.32%

Sell 17.51%

Hold 8.17%

RESEARCH REPORTS

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