VGUARD - V-Guard Industries Ltd. Share Price

Consumer Durables

₹357.20+0.80(+0.22%)

Market Open as of Apr 28, 2025, 14:02 IST

What does V-Guard Industries Ltd. do?

Household Appliances•Consumer Durables•Small Cap

V-Guard Industries Limited manufactures and sells electrical and electronic products in India and internationally. It operates through three segments: Electronics, Electrical, and Consumer Durables. The Electronics segment offers voltage stabilizers; inverter, DUPS, inverter batteries, and UPS; and solar panels, solar batteries, off grid systems and inverters, and on grid photovoltaic (PV) inverters. The Electrical segment offers wiring and industrial cables, domestic switch gears and distribution boards, domestic and agriculture pumps, and modular switches. The Consumer Durables Segment includes storage, solar, instant, and gas water heaters, as well as immersion heater, rods and room heaters; heat pump water heaters; ceiling, table, pedestal, wall, and ventilating and exhaust fans; and kitchen appliances, such as mixer grinders, induction cooktops, gas stoves, rice cookers, grill kings, toasters, kettles, chimneys, sandwich makers, and hand blenders. In addition, the company provides air coolers, electric motors, and water purifiers. The company sells its products through a network of distributors, dealers, and service centers. V-Guard Industries Limited was founded in 1977 and is based in Kochi, India.

Industry Group:Consumer Durables

Employees:3,006

Website:www.vguard.in

Summary of Latest Earnings Report from V-Guard Industries

Summary of V-Guard Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook and Major Points:

Outlook:

Summer Season Expectation: Anticipates robust performance in the upcoming summer, particularly in Electronics (e.g., stabilizers, inverters) and Consumer Durables.
Growth Drivers: Electronics segment (28% YoY growth) to sustain momentum; Non-South markets (15.8% growth, 48.4% revenue share) to remain a key focus.
Margin Improvement: Gross margins improved 250 bps YoY (36.2% in Q3) due to in-house manufacturing, premiumization, and cost-saving initiatives. Targets 10% EBITDA margins through operational leverage and plant stabilization.
Sunflame Recovery: Expects gradual recovery post-CSD inventory correction and integration benefits; GT/e-commerce channels performing well.
Solar Rooftop Solutions: Emerging high-growth segment with strong brand trust in South India.

Major Points:

Segment Performance:
- Electronics: Strong growth (28% YoY) driven by RAC stabilizers, inverters, and solar solutions.
- Electricals: Flat growth (1.2%) due to wire segment volatility; switchgear/fans grew steadily.
- Consumer Durables: 8.1% growth; kitchen appliances muted (post-COVID moderation), water heaters impacted by delayed winter.
Geographic Expansion: Non-South markets outpaced South (3.7% growth), contributing 48.4% of revenue.
Manufacturing Investments:
- INR 100 crore approved for Hyderabad plant (TPW/ceiling fans) to enhance supply security and premium mix.
- Battery/stabilizer plants operational; kitchen appliance plant (Vapi) and fan facility (Hyderabad) to drive future efficiencies.
Sunflame Challenges: CSD order slowdown offsetting GT growth; temporary cost inflation (A&P, integration).
Working Capital & Debt: Steady cash flow; Sunflame debt repayment on track for FY25 completion.
Cost Headwinds: Higher A&P (Sunflame focus) and one-off employee costs (variable pay reversal, ESOP grants).

Conclusion: Focus on premiumization, operational efficiency, and geographic diversification to drive sustained growth and margin improvement.

Q&A Session

Last updated: Feb 25

Question 1:
Sir, my first question is on your Southern region growth. Now the growth has considerably moderated compared to the past quarter run rate. So, any particular reason why such a low growth here in the Southern region?
Answer: Southern growth slowed due to higher reliance on the wire segment, which faced commodity price volatility. Non-South regions benefited from diversified portfolios, while wire price sensitivity and inability to offer differential pricing disproportionately impacted Southern markets.

Question 2:
Our channel checks suggest that barring Andhra Pradesh, central government has curtailed certain spending... Is that also a phenomenon you are observing?
Answer: Demand in Andhra Pradesh and Telangana was weaker than other Southern states. Delayed winter reduced water heater sales, while kitchen appliances faced prolonged consumer demand challenges linked to post-COVID household budget stress and extended replacement cycles.

Question 3:
Fourth quarter, are we seeing up-stocking in wires due to commodity trends?
Answer: Copper price increases in January triggered up-stocking for wires, with January showing positive trends. Full-quarter performance depends on commodity movements.

Question 4:
Can you elaborate on Electronics segment growth drivers (batteries, stabilizers) and margin outlook?
Answer: Electronics grew 28% YoY, driven by stabilizers (linked to AC demand), inverters, and solar solutions. Margin improvements stem from in-house battery manufacturing and operational efficiency. Further gains may arise as new plants mature.

Question 5:
Is kitchen appliance slowdown industry-wide? What is the recovery outlook?
Answer: Industry-wide kitchen appliance demand remains muted post-COVID due to saturated household penetration, elongated replacement cycles, and lower-income segment stress. Recovery depends on macroeconomic improvements.

Question 6:
How did switches, switchgear, and fans perform in Q3?
Answer: Switchgear and fans grew decently, supported by new launches and brand recognition. Switches faced sluggishness. A new Hyderabad fan plant (INR 100 crore investment) will address capacity constraints.

Question 7:
What are Sunflame's growth and margin goals?
Answer: Sunflame's GT and e-commerce channels grew, but CSD orders slumped. Margin pressures stem from integration costs, consulting expenses, and delayed price hikes. Growth revival depends on category recovery.

Question 8:
What is the solar rooftop solutions' growth potential?
Answer: Solar solutions are a fast-growing, small-but-emerging category, driven by strong service differentiation. Focus remains on South India, with plans to scale cautiously.

Question 9:
How will in-sourcing (65% currently) impact margins?
Answer: In-sourcing (target: 70-75% in 3"“4 years) improves gross margins via cost control and premiumization. Plants like Hyderabad (fans) and Vapi (kitchen) will enhance supply security and differentiation, aiding margin goals.

Question 10:
Why did employee costs and A&P expenses rise sharply?
Answer: Employee costs rose due to variable pay reversals (YoY base effect) and new ESOP grants. A&P increased for Sunflame's Diwali campaigns and V-Guard's brand-building, aligning with growth strategies.

Question 11:
Can EBITDA margins reach 10"“11% amid industry pressure?
Answer: Targeting gradual 0.5% annual EBITDA margin improvement via operating leverage (new plants), premiumization, and pricing discipline. Competitive intensity and external demand remain headwinds.

The Good, Bad and Ugly

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Dilution Rank

Balance Sheet

Momentum

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Smart Money

Insider Trading

Category	VGUARD	Consumer
PE	51.94	55.76
PS	2.87	2.40
Growth	15.3 %	13.9 %

Share Holdings

Understand V-Guard Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Mithun Kochouseph Chittilappilly	19.82%
Chittilappily Thomas Kochouseph	9.39%
Arun K Chittilappilly	8.67%
Sbi Small Cap Fund	7.52%
Kotak Emerging Equity Scheme	5.92%
Anekha Chittilappilly Trust(Mithun Kochouseph Chittilappilly)	4.89%
K Chittilappilly Trust (Kochouseph Thomas Chittilappilly)	4.77%
Arav Chittilappilly Trust (Kochouseph Chittilappilly)	4.25%
Priya Sarah Cheeran Joseph	2.89%
Sheela Grace Kochouseph	2.51%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund	2.34%
Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund	1.52%
Nalanda India Fund Limited	1.43%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Description	Share	Value
Electricals	37.7%	478.6 Cr
Consumer Durables	33.5%	424.8 Cr
Electronics	22.5%	286 Cr
Sunflame	6.3%	79.3 Cr
Total		1.3 kCr

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
HAVELLS	Havells IndiaConsumer Electronics	1 LCr	20.99 kCr	+7.15%	+2.51%	71.64	4.78	+15.14%	+18.43%
POLYCAB	Polycab IndiaCables - Electricals	82.84 kCr	21.23 kCr	+6.91%	-2.24%	44.42	3.9	+24.92%	+11.16%
BLUESTARCO	Blue StarHousehold Appliances	35.59 kCr	11.34 kCr	-21.26%	+18.19%	63.9	3.14	+25.68%	+16.07%
CROMPTON	Crompton Greaves Consumer ElectricalsHousehold Appliances	21.56 kCr	7.83 kCr	-7.01%	+8.10%	41	2.75	+8.63%	+19.52%
BAJAJELEC	Bajaj ElectricalsHousehold Appliances	6.38 kCr	4.81 kCr	-4.57%	-40.87%	61.58	1.33	-5.04%	-32.51%

Valuation
Market Cap	15.52 kCr
Price/Earnings (Trailing)	51.94
Price/Sales (Trailing)	2.87
EV/EBITDA	29.88
Price/Free Cashflow	67.38
MarketCap/EBT	39.15

Fundamentals
Revenue (TTM)	5.4 kCr
Rev. Growth (Yr)	9.03%
Rev. Growth (Qtr)	-1.85%
Earnings (TTM)	298.75 Cr
Earnings Growth (Yr)	3.4%
Earnings Growth (Qtr)	-5%

Profitability
Operating Margin	7.33%
EBT Margin	7.33%
Return on Equity	15.47%
Return on Assets	9.22%
Free Cashflow Yield	1.48%

Investor Care
Dividend Yield	0.69%
Dividend/Share (TTM)	2.7
Shares Dilution (1Y)	0.39%
Diluted EPS (TTM)	6.8

Financial Health
Current Ratio	1.6
Debt/Equity	0.08
Debt/Cashflow	2.67

Income Statement for V-Guard Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-3.6%	1,185	1,229	1,415	1,262	1,078	1,072
Other Income	63.3%	5.41	3.7	6.52	25	2.24	14
Total Income	-3.4%	1,191	1,233	1,421	1,287	1,080	1,085
Cost of Materials	15.7%	370	320	441	342	306	336
Purchases of stock-in-trade	-18.8%	489	602	501	558	445	425
Employee Expense	0.8%	121	120	113	100	78	100
Finance costs	-35%	4.58	6.51	7.55	8.8	8.92	8.97
Depreciation and Amortization	18.8%	20	17	17	17	17	16
Other expenses	-2.7%	183	188	222	187	179	161
Total Expenses	-3%	1,127	1,162	1,311	1,188	1,019	1,017
Profit Before exceptional items and Tax	-10%	64	71	110	99	62	68
Total profit before tax	-10%	64	71	110	99	62	68
Current tax	-11.8%	16	18	29	21	17	13
Deferred tax	-975%	0.3	1.08	-0.27	-1.28	-1.93	3.35
Total tax	-16.7%	16	19	28	20	15	16
Total profit (loss) for period	-7.8%	48	52	82	79	47	52
Other comp. income net of taxes	-	0	0	0	-2.62	0	0
Total Comprehensive Income	-7.8%	48	52	82	77	47	52
Earnings Per Share, Basic	-47.4%	1.1	1.19	1.87	1.81	1.07	1.19
Earnings Per Share, Diluted	-52.6%	1.09	1.19	1.86	1.81	1.06	1.19
Debt equity ratio	-	0	0	012	016	017	018
Debt service coverage ratio	0%	0.02	0.02	0.0144	0.0841	0.043	078
Interest service coverage ratio	0%	0.09	0.09	-	-	0.0791	0.0862

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	12.6%	4,559	4,050	3,475	2,699	2,482	2,566
Other Income	264.3%	52	15	13	21	24	18
Total Income	13.4%	4,611	4,065	3,488	2,720	2,506	2,585
Cost of Materials	6.3%	1,300	1,223	1,375	873	749	781
Purchases of stock-in-trade	19.6%	1,875	1,568	1,179	1,047	1,022	1,063
Employee Expense	27.9%	377	295	267	225	207	202
Finance costs	140%	37	16	7.52	5.6	3.73	1.27
Depreciation and Amortization	15.8%	67	58	48	37	28	22
Other expenses	20.2%	690	574	462	319	364	346
Total Expenses	12.7%	4,310	3,823	3,198	2,435	2,261	2,370
Profit Before exceptional items and Tax	25%	301	241	290	285	245	215
Total profit before tax	25%	301	241	290	285	245	215
Current tax	100%	71	36	69	86	65	50
Deferred tax	-106.6%	-0.66	26	-5.76	-0.62	-4.47	-0.71
Total tax	13.1%	70	62	63	86	60	49
Total profit (loss) for period	29.2%	231	179	227	199	185	166
Other comp. income net of taxes	-119.1%	-2.62	20	-0.55	0.45	-2.26	-0.7
Total Comprehensive Income	14.6%	228	199	226	199	183	165
Earnings Per Share, Basic	35.9%	5.28	4.15	2.1	4.64	4.33	3.88
Earnings Per Share, Diluted	36.9%	5.27	4.12	2.09	4.61	4.28	3.82
Debt equity ratio	-0.1%	016	026	001	001	001	0
Debt service coverage ratio	-0.4%	0.0151	0.019	02	028	047	0
Interest service coverage ratio	-	-	0	04	051	067	0.017

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-1.9%	1,269	1,294	1,477	1,343	1,165	1,134
Other Income	45.2%	5.43	4.05	6.91	4.89	3.19	14
Total Income	-1.9%	1,274	1,298	1,484	1,348	1,169	1,148
Cost of Materials	15%	530	461	604	473	403	414
Purchases of stock-in-trade	-27.1%	348	477	331	435	385	371
Employee Expense	0.8%	130	129	123	110	83	106
Finance costs	-27.2%	5.79	7.58	8.59	9.94	9.42	9.33
Depreciation and Amortization	14.3%	25	22	22	22	19	20
Other expenses	0.4%	225	224	258	222	211	184
Total Expenses	-1.5%	1,195	1,213	1,352	1,247	1,092	1,070
Profit Before exceptional items and Tax	-7.1%	79	85	132	101	76	78
Total profit before tax	-7.1%	79	85	132	101	76	78
Current tax	-10%	19	21	33	26	20	16
Deferred tax	-37.2%	-0.18	0.14	0.86	-1.61	-2.39	2.72
Total tax	-10%	19	21	33	24	18	19
Total profit (loss) for period	-4.8%	60	63	99	76	58	59
Other comp. income net of taxes	-	0	0	0	-2.77	0	0
Total Comprehensive Income	-4.8%	60	63	99	73	58	59
Earnings Per Share, Basic	-15.6%	1.38	1.45	2.26	1.74	1.33	1.35
Earnings Per Share, Diluted	-15.9%	1.37	1.44	2.25	1.74	1.33	1.34
Debt equity ratio	-	0	0	011	016	017	017
Debt service coverage ratio	0%	0.02	0.02	0.017	0.0764	0.0474	087
Interest service coverage ratio	0%	0.09	0.09	-	-	0.09	0.09

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	17.7%	4,857	4,126	3,498	2,721	2,503	-
Other Income	120%	34	16	13	21	25	-
Total Income	18.1%	4,891	4,142	3,511	2,742	2,528	-
Cost of Materials	24.5%	1,694	1,361	1,413	910	782	-
Purchases of stock-in-trade	9.3%	1,578	1,444	1,143	1,013	991	-
Employee Expense	33.1%	403	303	270	227	209	-
Finance costs	160%	40	16	7.88	6.1	4.16	-
Depreciation and Amortization	27%	81	64	49	39	29	-
Other expenses	29.8%	803	619	476	330	374	-
Total Expenses	17.1%	4,550	3,887	3,217	2,454	2,278	-
Profit Before exceptional items and Tax	32.9%	340	256	294	288	250	-
Total profit before tax	32.9%	340	256	294	288	250	-
Current tax	115.4%	85	40	71	88	66	-
Deferred tax	-113%	-2.26	26	-5.08	-1.52	-5.07	-
Total tax	24.2%	83	67	66	86	61	-
Total profit (loss) for period	36.7%	258	189	228	202	188	-
Other comp. income net of taxes	-119.8%	-2.77	20	-0.51	0.46	-2.29	-
Total Comprehensive Income	22.1%	255	209	228	202	186	-
Earnings Per Share, Basic	44.7%	5.89	4.38	5.29	4.68	4.38	-
Earnings Per Share, Diluted	45.7%	5.88	4.35	5.25	4.65	4.32	-
Debt equity ratio	-0.1%	016	026	001	001	001	-
Debt service coverage ratio	-0.3%	0.0168	0.02	02	029	043	-
Interest service coverage ratio	-	-	0	038	048	06	-

Balance Sheet for V-Guard Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	8.8%	38	35	41	24	60	53
Current investments	172.4%	80	30	35	0	101	0.13
Loans, current	131.3%	1.37	1.16	3.03	1.56	1.99	1.75
Total current financial assets	-11.4%	551	622	513	563	531	643
Inventories	10.7%	785	709	687	689	800	850
Current tax assets	13.3%	35	31	30	0	-	0
Total current assets	2%	1,511	1,482	1,340	1,333	1,438	1,493
Property, plant and equipment	1.8%	339	333	336	341	333	332
Capital work-in-progress	13%	27	24	19	12	14	8.64
Investment property	0%	0.28	0.28	0.28	0.28	0.28	0.28
Non-current investments	0%	889	889	869	33	132	33
Loans, non-current	118.8%	1.03	0.84	0.98	0	0.88	1.44
Total non-current financial assets	0%	907	907	889	54	151	50
Total non-current assets	1.4%	1,423	1,404	1,374	1,382	642	579
Total assets	1.7%	2,934	2,886	2,714	2,715	2,080	2,072
Borrowings, non-current	-84.6%	22	137	206	273	0	0
Total non-current financial liabilities	-63.6%	68	185	289	364	67	54
Provisions, non-current	7.1%	16	15	15	14	14	13
Total non-current liabilities	-58.3%	84	200	304	377	81	67
Borrowings, current	-19.6%	124	154	88	147	10	10
Total current financial liabilities	6.1%	806	760	626	634	446	529
Provisions, current	1.2%	83	82	66	62	53	48
Current tax liabilities	121.3%	3.81	2.27	3.33	0	0	1.83
Total current liabilities	8.2%	993	918	766	750	548	603
Total liabilities	-3.7%	1,077	1,118	1,070	1,127	630	670
Equity share capital	2.4%	44	43	43	43	43	43
Total equity	5%	1,856	1,768	1,645	1,588	1,451	1,403
Total equity and liabilities	1.7%	2,934	2,886	2,714	2,715	2,080	2,072

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	26.1%	59	47	90	40	70	61
Current investments	172.4%	80	30	35	0.12	101	0
Loans, current	117.6%	1.37	1.17	3.1	1.68	2.01	1.75
Total current financial assets	-10.2%	616	686	595	644	546	548
Inventories	14.1%	926	812	772	767	814	860
Current tax assets	16.7%	36	31	31	0	0	0
Total current assets	3.7%	1,730	1,669	1,525	1,505	1,479	1,520
Property, plant and equipment	1.8%	520	511	453	459	378	451
Capital work-in-progress	25%	31	25	45	24	14	9.15
Investment property	-7.4%	1.63	1.68	1.78	1.78	0.28	0.28
Goodwill	0%	253	253	253	253	3.66	3.66
Non-current investments	0%	71	71	51	0	33	33
Loans, non-current	126.7%	1.04	0.85	5	5.06	0.91	1.44
Total non-current financial assets	0%	91	91	77	59	53	50
Total non-current assets	1.1%	1,510	1,493	1,432	1,402	628	576
Total assets	2.5%	3,240	3,161	2,956	2,907	2,107	2,097
Borrowings, non-current	-84.6%	22	137	206	273	0	0
Total non-current financial liabilities	-51.8%	110	227	308	365	67	54
Provisions, non-current	13.3%	18	16	15	14	15	13
Total non-current liabilities	-33.4%	230	345	427	483	82	68
Borrowings, current	-19.6%	124	154	88	147	10	12
Total current financial liabilities	5.6%	881	834	699	694	459	541
Provisions, current	3.6%	88	85	68	63	54	48
Current tax liabilities	80.9%	5.54	3.51	3.98	1.32	1.03	2.48
Total current liabilities	7.7%	1,079	1,002	847	817	564	616
Total liabilities	-2.8%	1,309	1,347	1,274	1,299	646	684
Equity share capital	2.4%	44	43	43	43	43	43
Non controlling interest	-	0	0	0	0	0	5.47
Total equity	6.5%	1,931	1,814	1,683	1,608	1,460	1,412
Total equity and liabilities	2.5%	3,240	3,161	2,956	2,907	2,107	2,097

Cash Flow for V-Guard Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	140%	37	16	6.69
Change in inventories	-112.9%	-20.06	164	-221.23
Depreciation	15.8%	67	58	48
Impairment loss / reversal	55.7%	-0.81	-3.09	5.52
Unrealised forex losses/gains	-	0.44	0	0
Dividend income	-	21	0	0
Adjustments for interest income	-152.6%	0.59	1.78	0
Share-based payments	-	2.02	0	16
Net Cashflows from Operations	-9.1%	420	462	52
Income taxes paid (refund)	51.1%	69	46	87
Net Cashflows From Operating Activities	-15.9%	350	416	-34.79
Cashflows used in obtaining control of subsidiaries	-100.1%	0	731	60
Proceeds from sales of PPE	-292.3%	0	1.52	0
Purchase of property, plant and equipment	59.6%	84	53	77
Proceeds from sales of investment property	-	0.58	0	0.09
Cash receipts from repayment of advances and loans made to other parties	-	0	0	1.05
Dividends received	-	21	0	0
Interest received	-159.2%	0.58	1.71	0
Other inflows (outflows) of cash	-1025.8%	-45.57	6.03	3.67
Net Cashflows From Investing Activities	86%	-107.32	-774.15	-132.43
Proceeds from exercise of stock options	412%	6.12	2	4.56
Repayments of borrowings	131.4%	130	-409.61	0
Payments of lease liabilities	40%	15	11	0
Dividends paid	0%	56	56	52
Interest paid	133.3%	36	16	0
Other inflows (outflows) of cash	-	0	0	-5.88
Net Cashflows from Financing Activities	-171.1%	-231.66	328	-60.05
Net change in cash and cash eq.	132.5%	11	-29.8	-227.27

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	160%	40	16	7.04
Change in inventories	-135.7%	-44.39	128	-228.08
Depreciation	27%	81	64	49
Impairment loss / reversal	75.6%	0	-3.09	5.68
Dividend income	-	0	0	0.17
Adjustments for interest income	23.2%	2.75	2.42	3.2
Share-based payments	-	2.02	0	16
Net Cashflows from Operations	0.6%	476	473	50
Income taxes paid (refund)	70.8%	83	49	89
Net Cashflows From Operating Activities	-7.3%	393	424	-38.71
Cashflows used in obtaining control of subsidiaries	-100.2%	0	655	0
Proceeds from sales of PPE	-312.8%	0	1.47	0.14
Purchase of property, plant and equipment	24.5%	128	103	125
Proceeds from sales of investment property	-	0.83	0	0
Dividends received	-	0	0	0.17
Interest received	68.2%	2.85	2.1	0
Other inflows (outflows) of cash	-63.5%	-28.06	-16.77	4.52
Net Cashflows From Investing Activities	80.1%	-152.61	-771.16	-119.78
Proceeds from exercise of stock options	412%	6.12	2	4.56
Proceeds from borrowings	-	0	0	-1.22
Repayments of borrowings	131.6%	130	-407.82	0
Payments of lease liabilities	50%	16	11	7.13
Dividends paid	0%	56	56	52
Interest paid	140%	37	16	0
Other inflows (outflows) of cash	-	0	0	-6.09
Net Cashflows from Financing Activities	-171.8%	-232.22	326	-61.48
Net change in cash and cash eq.	131.1%	7.91	-21.25	-219.97

VGUARD - V-Guard Industries Ltd. Share Price

What does V-Guard Industries Ltd. do?

Summary of Latest Earnings Report from V-Guard Industries

Sector Comparison: VGUARD vs Consumer Durables

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Revenue Breakdown

Is V-Guard Industries Better than it's peers?

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Income Statement for V-Guard Industries

Balance Sheet for V-Guard Industries

Cash Flow for V-Guard Industries

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)