V-Guard Industries Ltd. share price target

V-Guard Industries (V-Guard) reported impressive 1QFY17 revenue growth ( 15.3% YoY at Rs 5.7bn, in line with our estimates) owing to a hot summer. Gross margins expanded ( 301bps to 30.9%) aided by RM tailwinds. EBITDA growth ( 46.7%) was healthy, with 243bps YoY gains in EBITDA margin at 11.1%.

Motilal Oswal values your support in All-round performance impressive; growth outlook positive the Asiamoney Brokers Poll 2016 for Revenue growth across segments: V-Guard Industries (VGRD) reported revenues India Research, Sales and Trading...

V-Guard reported a strong Q1FY17 performance with revenues and earnings growth of 15% and 70% YoY, respectively. This was on the back of strong growth in the stabilisers pump and fans segments, up 22%, 32%, 20% YoY, respectively, which are directly linked to the severe summer this year. Realisation of the cable & wire segment remained subdued due to a decline in commodity prices. The south...

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 Industries Limited - VGUARD channel checks in key non-south and south markets for stabilizers (20% of FY16 revenue), fans (10% of revenue) and wires (32% of revenue) indicate that stabilizers and fans are seeing strong growth expecting stabilizers to grow ~24% and fans to grow 45% in FY17. Efficient inventory management, reduced discounts and promotion schemes, lower ad spends, and benign commodity prices could lead to a margin uptick in 1QFY17. They upgrade EBITDA estimates by 6% for FY17 and by 5% for FY18, translating into PAT upgrade of 8% for FY17 and 6% for FY18. Motilal Oswal expect revenue CAGR of 17% and PAT CAGR of 28% over FY16-18, with margins expanding 90bp to 10.5%. Maintain Neutral with a TP of INR1,570 (26x FY18E EPS).

Trendlyne has 7 reports on VGUARD updated in the last year from 4 brokers with an average target of Rs 1229.5. Brokers have a rating for VGUARD with 2 price upgrades in past 6 months.

ICICI Securities Ltd | Retail Equity Research V-Guard reported a strong performance in Q4FY16 with revenues and earnings growth of 16% and 109% YoY, respectively. This was...

Stabilizers and fans category lead the growth: V-Guard Industries (VGRD) reported revenue of INR5.1b (vs. our estimate of INR4.9b) in 4QFY16, up 16.2% YoY, led by a strong growth in summer products like stabilizers (up 26% YoY to...

Key highlights: Lower copper prices (down 12% yoy), and the resultant pass through to channelpartners,sawVGIlowerpricesonathirdofitsproductprofile(wiresandcables). However, it retained some of the benefits of softer commodity prices and undertook...

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,...