V-Guard Industries Ltd. share price target

Key highlights: Lower copper prices (down 12% yoy), and the resultant pass through to channelpartners,sawVGIlowerpricesonathirdofitsproductprofile(wiresandcables). Retention of some of the benefits of softer commodity prices and selective price hikes in...

Background V-Guard Industries (VGIL) was started in 1977 by Mr.Kochouseph Chittilappily to manufacture and market Voltage Stabilizers under the brand name V-Guard. VGIL emerged as a leading player in the stabilizer segment and became a household brand. V-Guard began to aggressively diversify from 1992 and became a multi product company with presence in Stabilizers, Pumps, Cables, UPS, Water Heaters, Fans, Switch Gear,...

Healthy product mix to stabilize revenues: The company offers a wide range of products such as stabilizers, standalone UPS, digital UPS, pumps, housing wire cables, LT cables, electric water heaters, fans, solar water heaters etc. The stabilizer segment, which is the flagship product of the company, has seen a growth of 22.7% contributing 18.7% to revenues. Digital UPS and electric water heater segments have grown by 33% and 30% respectively there by contributing to 11% and 10% to revenues. However, the standalone UPS, pump segment and LT cables have seen a fall in growth of 30%, 6.5% & 23% respectively. We expect the trend to continue in these segments in years to come.

Background V-Guard Industries (VGIL) was started in 1977 by Mr.Kochouseph Chittilappily to manufacture and market Voltage Stabilizers under the brand name V-Guard. VGIL emerged as a leading player in the stabilizer segment and became a household brand. V-Guard began to aggressively diversify from 1992 and became a multi product company with presence in Stabilizers, Pumps, Cables, UPS, Water Heaters, Fans, Switch Gear,...

Background V-Guard Industries (VGIL) was started in 1977 by Mr.Kochouseph Chittilappily to manufacture and market Voltage Stabilizers under the brand name V-Guard. VGIL emerged as a leading player in the stabilizer segment and became a household brand. V-Guard began to aggressively diversify from 1992 and became a multi product company with presence in Stabilizers, Pumps, Cables, UPS, Water Heaters, Fans, Switch Gear,...

Background V-Guard Industries (VGIL) was started in 1977 by Mr.Kochouseph Chittilappily to manufacture and market Voltage Stabilizers under the brand name V-Guard. VGIL emerged as a leading player in the stabilizer segment and became a household brand. V-Guard began to aggressively diversify from 1992 and became a multi product company with presence in Stabilizers, Pumps, Cables, UPS, Water Heaters, Fans, Switch Gear,...

V-Guard is the leading company in manufacturing and selling electronics and electrical equipments in South India. The company has started its business in 1977 by supplying voltage...