|
08 Sep 2025 |
V-Guard Industries
|
Consensus Share Price Target
|
370.70 |
426.67 |
- |
15.10 |
buy
|
|
|
|
|
31 May 2023
|
V-Guard Industries
|
BOB Capital Markets Ltd.
|
370.70
|
270.00
|
251.05
(47.66%)
|
Target met |
Hold
|
|
|
Flat quarter despite growth in non-core markets; Q4 gross margin improved but EBITDA margin still under pressure
|
|
06 Feb 2023
|
V-Guard Industries
|
ICICI Direct
|
370.70
|
310.00
|
243.35
(52.33%)
|
Target met |
Buy
|
|
|
|
|
06 Feb 2023
|
V-Guard Industries
|
ICICI Securities Limited
|
370.70
|
275.00
|
246.05
(50.66%)
|
Target met |
Accumulate
|
|
|
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.
|
|
14 Dec 2022
|
V-Guard Industries
|
ICICI Direct
|
370.70
|
310.00
|
269.80
(37.40%)
|
Target met |
Buy
|
|
|
|
|
12 Dec 2022
|
V-Guard Industries
|
ICICI Securities Limited
|
370.70
|
275.00
|
260.95
(42.06%)
|
Target met |
Accumulate
|
|
|
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.
|
|
01 Nov 2022
|
V-Guard Industries
|
Geojit BNP Paribas
|
370.70
|
286.00
|
255.00
(45.37%)
|
Target met |
Accumulate
|
|
|
|
|
31 Oct 2022
|
V-Guard Industries
|
ICICI Securities Limited
|
370.70
|
275.00
|
253.00
(46.52%)
|
Target met |
Accumulate
|
|
|
V-Guard’s Q2FY23 print was largely similar to other listed peers.
|
|
28 Oct 2022
|
V-Guard Industries
|
ICICI Direct
|
370.70
|
285.00
|
253.00
(46.52%)
|
Target met |
Hold
|
|
|
|
|
19 Sep 2022
|
V-Guard Industries
|
ICICI Securities Limited
|
370.70
|
250.00
|
235.25
(57.58%)
|
Target met |
Accumulate
|
|
|
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.
|
|
03 Aug 2022
|
V-Guard Industries
|
Geojit BNP Paribas
|
370.70
|
266.00
|
235.50
(57.41%)
|
Target met |
Accumulate
|
|
|
|