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V-Guard Industries share price & results

V-Guard Industries Limited· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Kochi maker of stabilizers, UPS, wires, pumps, fans, water heaters, kitchen appliances & Sunflame cookware.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,737 ₹ crore+23.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin9.0 %+2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit108 ₹ crore+92.9% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity16.95 %−1.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin4.69 %−1.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)13.36 %−7.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 6 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.

V-Guard Industries Limited management guidance track record on Inve: 18 targets tracked across analysed earnings calls (2 achieved, 4 missed, 12 open).

TargetOriginal wordingSaidLatest callVerdict
Sunflame Revenue Growthmid-teens to high teens
Call transcript, Q3 FY25 · 29 Jan 2025		Q3 FY25Q1 FY27:Sunflame reported 18.3% YoY revenue growth, meeting the 'high teens' part of the original target for the first time after a series of misses.
Call transcript, Q1 FY27 · 30 Jul 2026		Achieved
FY26 Revenue Growth14% to 15%
Call transcript, Q4 FY25 · 15 May 2025		Q4 FY25Q1 FY27:This is a historical promise for a completed fiscal year. No new updates are expected.
Call transcript, Q1 FY27 · 30 Jul 2026		Missed
FY27 Revenue Growth15% (10-12% volume + 1-2% price)
Call transcript, Q4 FY26 · 12 May 2026		Q4 FY26Q1 FY27:After 23.5% YoY growth in Q1, management stated growth 'will be more than 15%' for FY27, revising the guidance upwards.
Call transcript, Q1 FY27 · 30 Jul 2026		Revised Up

Source: Inve Guidance Tracker for V-Guard Industries Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of V-Guard Industries Limited's 18 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 15 more targets are in the full ledger.

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Price

₹265.95 −1.24% · −₹3.35

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −28.5% 1Y

₹300₹350Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 30 Oct 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 12 May 2026Q1 FY27 — 30 Jul 2026

1Y: ₹372.2 on 24 Oct 2025 → ₹265.95. High ₹382.55 (29 Oct 2025), low ₹265.95 (26 Oct 2026).

Previous close
₹269.3
Market cap
₹11.6k Cr
52-week range
₹265.95 – ₹382.55
One year
−29.17%
Price to earnings (TTM to Jun 2026)
30.66×
Return on equity (TTM to Jun 2026)
16.95%

Overview

Symbol
NSE:VGUARD
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What V-Guard Industries Limited does

Based on the company's own presentations, annual report and earnings calls.

V-Guard Industries designs, manufactures and markets electrical and electronic consumer products - voltage stabilizers, digital UPS systems and batteries, house wiring cables, pumps, switchgear, modular switches, fans, water heaters, air coolers and kitchen appliances - under the V-Guard brand, plus cookware and kitchen appliances under the Sunflame and Superflame brands acquired through the Sunflame acquisition. It earns revenue by selling through a multi-tier distribution network of direct marketing agents, distributors and retailers, historically concentrated in South India and expanding into non-South geographies. Roughly two-thirds of its product range is manufactured in-house across a network of plants, with the remainder outsourced to contract manufacturers while V-Guard retains control over design and quality.

Segments

  • Electronics
  • Electricals
  • Consumer Durables
  • Sunflame
Market position - voltage stabilizers
Largest player, ~40-45% share of the organized market
Manufacturing facilities
11 in-house plants across Tamil Nadu (Coimbatore, Perundurai), Uttarakhand (Kashipur, Roorkee, Pantnagar, Haridwar), Himachal Pradesh (Kala Amb), Telangana (Hyderabad), Haryana (Faridabad), Sikkim and Gujarat (Vapi)
Channel partners
100,000+
Branch network
35 branches
In-house manufacturing share of product profile
More than 60% manufactured in-house; ~35% outsourced
Product category breadth
11 product categories spanning electronics, electricals, consumer durables and kitchen appliances
Founded 1977Headquarters Kochi, Kerala Company website

How the price took the results

close before → close after

Q1 FY27
+4.9%
30 Jul
Q4 FY26
−3.3%
12 May
Q3 FY26
+5.4%
29 Jan
Q2 FY26
−3.5%
30 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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