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Accumulate V-Guard Industries Ltd For Target Rs.363 - Geojit Financial Services Ltd Margins profile to improve... V-Guard Industries Ltd. (VGIL) is one of the leading players in the electrical consumer durables space. Major product segments include Stabilizers, Cables & Wires, UPS, Pumps and Electrical Appliances. * In Q1FY24, revenue and profitability were up by 19% & 20% YoY, respectively, due to stable growth across segments and a 5% revenue contribution from Sun Flame (recent acquisition). * EBITDA increased by 27% YoY & margins expanded by 50bps YoY...
Accumulate V-Guard Industries Ltd For Target Rs.363 - Geojit Financial Services Ltd
Accumulate V-Guard Industries Ltd For Target Rs.363 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
25/08/2023 12:41:13 PM
Neutral V-Guard Industries Ltd For Target Rs.319 - Yes Securities Non-South sees increased traction; downgrade to NEUTRAL on limited upside Result Synopsis VGRD reported strong revenue growth of 19.3% aided by consolidation of Sunflame appliances. There was broad based growth across the segments, with electronics segment growing by 20% yoy followed by consumer durables and electricals which grew by 11% and 10% respectively. VGRD’s non-south growth of 26% significantly outperformed south which saw growth of 9% yoy. Gross margins for the quarter e...
Neutral V-Guard Industries Ltd For Target Rs.319 - Yes Securities
Neutral V-Guard Industries Ltd For Target Rs.319 - Yes Securities
Source: Yes Securities Ltd
18/08/2023 2:29:51 PM
Add V-Guard Industries Ltd For Target Rs.335 - ICICI Securities Strong performance in Electronics; Sunflame synergies are key for further rerating V-Guard reported improvement in gross margins (+251bps YoY) due to commodity deflation similar to peers. However, we believe the key drivers for rerating of V-Guard would be (1) expected synergy benefits in distribution and sourcing and likely improvement in market shares for V Guard as well as Sunflame, (2) The consumer durables segment is EVA negative since FY22 due to lower margins. We believe the revival...
Add V-Guard Industries Ltd For Target Rs.335 - ICICI Securities
Add V-Guard Industries Ltd For Target Rs.335 - ICICI Securities
Source: ICICI Securities
14/08/2023 12:49:47 PM
V-Guard`s Q1 FY 2023-24 Revenue grows by 19.3%; Profit after tax grows 20.3% V-Guard Industries Ltd., a leading Consumer Electricals and Electronics Company announced its unaudited financial results for the quarter ended June 30, 2023.   Q1 FY 2023-24 highlights:   * Consolidated Net Revenue from operations for the quarter ended June 30, 2023 is Rs. 1214.76 crs; a growth of 19.3% over the revenue recorded in the corresponding period of the previous year (Rs. 1018.29 crs).     * Consolidated Profit Af...
V-Guard`s Q1 FY 2023-24 Revenue grows by 19.3%; Profit after tax grows 20.3%
V-Guard`s Q1 FY 2023-24 Revenue grows by 19.3%; Profit after tax grows 20.3%
Source: PR Agency
10/08/2023 2:28:22 PM
V-Guard Industries trades jubilantly on reporting 20% rise in Q1 consolidated net profit V-Guard Industries is currently trading at Rs. 329.40, up by 43.45 points or 15.19% from its previous closing of Rs. 285.95 on the BSE. The scrip opened at Rs. 283.00 and has touched a high and low of Rs. 335.35 and Rs. 283.00 respectively. So far 213483 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 335.35 on 9-Aug-2023 and a 52 week low of Rs. 225.40 on 01-Sep-2022. Last one week high and low of the scrip sto...
V-Guard Industries trades jubilantly on reporting 20% rise in Q1 consolidated net profit
V-Guard Industries trades jubilantly on reporting 20% rise in Q1 consolidated net profit
Source: Accord Fintech
9/08/2023 3:41:15 PM
Tech Stars :Mahindra & Mahindra Ltd and V-Guard Industries Ltd By Religare Broking Ltd MAHINDRA & MAHINDRA LIMITED   TECHNICAL RATIONALE – M&M has been gradually inching higher for the last 3 months, after retesting the lower band of the broadening formation. It has formed a fresh buying pivot while holding above the support zone of short term moving average i.e. 20 EMA and looks set to retest the upper band of the pattern and even surpass the same. We thus recommend creating longs in the given range.   V-GUARD INDUSTRIES LIMITED ...
Tech Stars :Mahindra & Mahindra Ltd and V-Guard Industries Ltd By Religare Broking Ltd
Tech Stars :Mahindra & Mahindra Ltd and V-Guard Industries Ltd By Religare Broking Ltd
Source: Religare Broking Ltd
29/06/2023 11:58:38 AM
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables  Indian electronic products manufacturer V-Guard Industries Ltd reported a 41% fall in its fourth-quarter profit on Tuesday, dragged by a loss in the consumer durables segment. The Kochi, Kerala-based company's consolidated net profit fell to 527.3 million rupees ($6.37 million) in the quarter ended March 31, from 897 million rupees a year ago. The company's revenue from operations rose more than 7% to 11.4 billion rupees, as revenue from its new Sunflame segment offset mut...
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables
Source: Reuters
30/05/2023 4:28:52 PM
Buy V-Guard Industries Ltd For Target Rs. 314 - Yes Securities Result Synopsis VGRD reported flattish revenue growth of 1.4% on back of higher base of previous year. The growth was driven by Consumer durables which grew by 4.5% yoy followed by electricals which registered growth of 1.6% yoy. Electronics segment saw revenue decline on back of subdued demand. Its non?south growth of 10% significantly outperformed south which registered decline of 5% yoy. Margins for the quarter were impacted by sale of higher cost inventory at A&P spends and other ...
Buy V-Guard Industries Ltd For Target Rs. 314 - Yes Securities
Buy V-Guard Industries Ltd For Target Rs. 314 - Yes Securities
Source: Yes Securities
6/04/2023 3:05:24 PM
V-Guard Industries moves up on acquiring entire stake in Sunflame Enterprises V-Guard Industries is currently trading at Rs. 258.10, up by 1.25 points or 0.49% from its previous closing of Rs. 256.85 on the BSE. The scrip opened at Rs. 257.55 and has touched a high and low of Rs. 260.50 and Rs. 257.50 respectively. So far 2353 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 274.90 on 19-Dec-2022 and a 52 week low of Rs. 181.90 on 24-Feb-2022. Last one week high and low of the scrip stood ...
V-Guard Industries moves up on acquiring entire stake in Sunflame Enterprises
V-Guard Industries moves up on acquiring entire stake in Sunflame Enterprises
Source: Accord Fintech
13/01/2023 10:21:43 AM
Tech Stars : Buy Mahanagar Gas Limited And V-Guard Industries Limited By Religare Broking Mahanagar Gas Limited Buy Mahanagar Gas Limited @ 900-910 CMP 910.00 Stop Loss 850 Target 1020   TECHNICAL RATIONALE – We’re seeing noticeable traction in the stocks related to gas distribution and MGL is also participating in the move. It has formed a fresh buying pivot after reclaiming the major moving averages on the daily chart. We thus advise creating fresh longs in the mentioned range.   V-Guard Industries Limited ...
Tech Stars : Buy Mahanagar Gas Limited And V-Guard Industries Limited By Religare Broking
Tech Stars : Buy Mahanagar Gas Limited And V-Guard Industries Limited By Religare Broking
Source: Religare Broking Ltd
20/12/2022 1:59:57 PM
Buy V-Guard Industries Ltd : Mixed Q2 performance, outlook stays positive - LKP Securities Buy V-Guard Industries Ltd For Target Rs.285 V-Guard Industries Limited’s (VGRD) having a strong diversified product portfolio witnessed mixed performance in Q2FY23 where revenues improved 8.6% YoY better than estimates given a higher base same quarter last year while some softness witnessed in latter part of the Q2FY23. On segmental basis continued traction seen across the Consumer Durables segment reporting strong growth followed by the Electronics segment which has sustained its i...
Buy V-Guard Industries Ltd : Mixed Q2 performance, outlook stays positive - LKP Securities
Buy V-Guard Industries Ltd : Mixed Q2 performance, outlook stays positive - LKP Securities
Source: LKP Securities Ltd
31/10/2022 11:14:29 AM
Add V-Guard Industries Ltd For Target Rs.250 - ICICI Securities ECD segment margin expansion holds the key 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. The company has entered into water purifier category via the ecommerce channel and we model it to be a growth driver in medium-long term. Its new manufacturing facilities have reduced its dependence on t...
Add V-Guard Industries Ltd For Target Rs.250 - ICICI Securities
Add V-Guard Industries Ltd For Target Rs.250 - ICICI Securities
Source: ICICI Securities Ltd
19/09/2022 11:31:46 AM
Buy V-Guard Industries Ltd For Target Rs.255 - ICICI Direct Strong growth in Non-South region V-Guard’s revenue grew 80.2% YoY, led by strong growth across all segments, and carryover price hikes. We like company’s continued growth in Non-South India (non-south revenue share improved to 46.9% in Q1FY23). The company acquired 26% stake in Guts Electro-Mech (manufacturer of switchgears) for Rs62mn. We continue to like V-Guard’s business model due to (1) strong market shares in stabilizers, water heaters and pumps, (2) investments in...
Buy V-Guard Industries Ltd For Target Rs.255 - ICICI Direct
Buy V-Guard Industries Ltd For Target Rs.255 - ICICI Direct
Source: ICICI Direct
7/09/2022 12:06:41 PM
Buy V-Guard Industries Ltd For Target Rs.289 - Yes Securities Strong growth momentum continues; reiterate BUY Result Synopsis VGRD reported better than expected revenue growth of beating estimates for 3rd consecutive quarter. The growth was driven by a strong performance across the product categories. Margin headwinds owing to high commodity cost inflation is now getting eased as commodity prices have corrected from its recent peak. Company expects margin to improve from Q3 as it takes pricing action in certain product categories and inventory ad...
Buy V-Guard Industries Ltd For Target Rs.289 - Yes Securities
Buy V-Guard Industries Ltd For Target Rs.289 - Yes Securities
Source: Yes Securities Ltd
6/09/2022 3:44:10 PM
V-Guard Industries surges on completing acquisition of balance 26% stake in Guts Electro-Mech V-Guard Industries is currently trading at Rs. 230.80, up by 1.75 points or 0.76% from its previous closing of Rs. 229.05 on the BSE. The scrip opened at Rs. 233.90 and has touched a high and low of Rs. 233.90 and Rs. 228.45 respectively. So far 2109 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 274.80 on 04-Oct-2021 and a 52 week low of Rs. 181.90 on 24-Feb-2022. Last one week high and low of the scrip stood ...
V-Guard Industries surges on completing acquisition of balance 26% stake in Guts Electro-Mech
V-Guard Industries surges on completing acquisition of balance 26% stake in Guts Electro-Mech
Source: Accord Fintech
2/09/2022 12:11:29 PM
Buy V-Guard Industries Ltd For Target Rs. 275 - LKP Securities V-Guard Industries Limited’s (VGRD) having a strong diversified product portfolio witnessed mixed performance in Q1FY23 where revenues jumped 80% YoY (above consensus estimates) due to continued traction on its electronic consumer durable business(ECD) and stabilizers business in electricals. South revenues grew 68.2% YoY while non-south revenues improved 95.7% YoY on a lower base. Gross margin was higher by 110bps QoQ to 29.8%, due to pricing actions in Q4FY22. Management hinted that g...
Buy V-Guard Industries Ltd For Target Rs. 275 - LKP Securities
Buy V-Guard Industries Ltd For Target Rs. 275 - LKP Securities
Source: LKP Securities Ltd
22/08/2022 3:09:27 PM
V-Guard Ind.Ltd. Q1 net profit zooms 119.33% at Rs 54.02 cr The company reported standalone net profit of Rs 54.02 crore for the quarter ended June 30, 2022 as compared to Rs 24.63 crore in the same period last year, registering a year-on-year growth of 119.33 per cent. Net revenue of the company rose substantially by 80.06 per cent at Rs 1,009.64 crore in April-June quarter of this fiscal as against Rs 560.72 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 79.32 per cent to Rs 927.75 crore fr...
V-Guard Ind.Ltd. Q1 net profit zooms 119.33% at Rs 54.02 cr
V-Guard Ind.Ltd. Q1 net profit zooms 119.33% at Rs 54.02 cr
Source: Dion Global Solutions Ltd
27/07/2022 3:32:26 PM
Buy V-Guard Industries Ltd For Target Rs.293 - Yes Securities Growth momentum maintained with strong margin delivery as well; reiterate BUY Result Synopsis VGRD reported better than expected revenue growth of 23.7% beating estimates for 3rd consecutive quarter. The growth was driven by a strong performance in consumer durables and electrical segments which grew 32.3% and 32.5% respectively. The company has now started to deliver on the margin front as well despite continued commodity price inflation. The company is confident of growth momentum con...
Buy V-Guard Industries Ltd For Target Rs.293 - Yes Securities
Buy V-Guard Industries Ltd For Target Rs.293 - Yes Securities
Source: Yes Securities Ltd
23/05/2022 12:47:14 PM
V-Guard Ind.Ltd. Q4 net profit up 32.57% at Rs 90.60 cr The company reported standalone net profit of Rs 90.60 crore for the quarter ended March 31, 2022 as compared to Rs 68.34 crore in the same period last year, registering a year-on-year growth of 32.57 per cent. Net revenue of the company rose substantially by 23.69 per cent at Rs 1,050.27 crore in January-March quarter of this fiscal as against Rs 849.10 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 27.10 per cent to Rs 939.45 crore...
V-Guard Ind.Ltd. Q4 net profit up 32.57% at Rs 90.60 cr
V-Guard Ind.Ltd. Q4 net profit up 32.57% at Rs 90.60 cr
Source: Dion Global Solutions Ltd
19/05/2022 4:43:00 PM
Buy V-Guard Industries Ltd For Target Rs.255 - ICICI Direct High cost drags margin, overshadowing sales growth About the stock: V-Guard is among India’s leading fast moving consumer electrical goods companies with market leadership position in the stabiliser business The company has a wide portfolio of products ranging from switchgears, water heaters, stabilisers, fans and many more V-Guard has maintained strong return ratios with RoE and RoCE at ~18% and ~24%, respectively (three year’s average) Q3FY22 Results: Strong revenue ...
Buy V-Guard Industries Ltd For Target Rs.255 - ICICI Direct
Buy V-Guard Industries Ltd For Target Rs.255 - ICICI Direct
Source: ICICI Direct
15/03/2022 12:43:36 PM
Add V-Guard Industries Ltd For Target Rs.240 - ICICI Securities Healthy growth across geographies and durables Key takeaways: (1) revenues grew 15.8% YoY, led by strong growth in consumer durables and kitchen appliances, and price hikes across products, (2) revenue growth in South India and Non-South India markets was 15.0% and 17.7% YoY, respectively, (3) EBITDA margin declined 486bps due to inflation in input cost and other expenses and (4) working capital investments increased due to higher inventory days. V-Guard’s consumer durables business ...
Add V-Guard Industries Ltd For Target Rs.240 - ICICI Securities
Add V-Guard Industries Ltd For Target Rs.240 - ICICI Securities
Source: ICICI Securities Ltd
22/02/2022 2:35:07 PM
Small Cap : Accumulate V-Guard Industries Ltd For Target Rs.243 - Geojit Financial Inflationary pressure hurts... V-Guard Industries Ltd (VGIL) is one of the leading players in electrical consumer durables space. Major product segment includes Stabilizers, Cables & Wires, UPS, Pumps and Electrical Appliances. * Q3FY22 Revenue grew by 16% YoY, supported by electrical & consumer durables. * EBITDA margin declined by 490bps YoY to 8.8%, due to weak product mix, higher input cost and other expenses. Consequently, PAT decline by 32% YoY. * In the near te...
Small Cap : Accumulate V-Guard Industries Ltd For Target Rs.243 - Geojit Financial
Small Cap : Accumulate V-Guard Industries Ltd For Target Rs.243 - Geojit Financial
Source: Geojit Financial Services Ltd
17/02/2022 9:18:15 AM
Buy V‐Guard Industries Ltd For Target Rs.276 - Yes Securities Growth momentum to continue with gradual margin improvement in ensuing quarters; maintain BUY Result Synopsis VGRD reported better than expected revenue growth of 15.8%, driven by strong growth in consumer durables and electrical segments which grew 28.1% and 18.1% respectively. The company however has disappointed on the margin front on the back of continued commodity price inflation, higher A&P expenses and factory‐related costs in commissioning of manufacturing facilities in Roor...
Buy V‐Guard Industries Ltd For Target Rs.276 - Yes Securities
Buy V‐Guard Industries Ltd For Target Rs.276 - Yes Securities
Source: Yes Securities Ltd
5/02/2022 10:39:13 AM
Buy V-Guard Industries Ltd For Target Rs.310 - ICICI Direct Favourable base, pent up demand drive revenue… About the stock: V-Guard is among India’s leading fast moving consumer electrical companies with market leadership position in the stabiliser business. * The company has a wide portfolio of products ranging from switchgears, water heaters, stabilisers, fans and many more * The company has maintained strong return ratios with RoE and RoCE at ~18% and ~24%, respectively (three year’s average)   Q2FY22 Results:...
Buy V-Guard Industries Ltd For Target Rs.310 - ICICI Direct
Buy V-Guard Industries Ltd For Target Rs.310 - ICICI Direct
Source: ICICI Direct
6/12/2021 11:05:33 AM
Add V-Guard Industries Ltd For Target Rs.282 - ICICI Securities Likely market share gains across segments Key takeaways: (1) revenues grew 45.6% YoY, led by strong growth in all segments and price hikes across products, (2) revenue growth in South India and Non-South India markets was 44.9% and 48.8% YoY, respectively, (3) EBITDA margin declined 180bps due to inflation in input cost and freight and brand building spends and (4) working capital investments increased due to higher inventory days. V-Guard’s consumer durables business was up 71% YoY....
Add V-Guard Industries Ltd For Target Rs.282 - ICICI Securities
Add V-Guard Industries Ltd For Target Rs.282 - ICICI Securities
Source: ICICI Securities
29/11/2021 10:26:55 AM
Buy V‐Guard Industries Ltd For Target Rs.308 - Yes Securities Back on a strong growth trajectory; maintain BUY Our view Q2 has seen a strong build‐up to the growth momentum which started in Q1 which helped V‐Guard post its highest ever quarterly turnover. Volume growth stood at 26% which is very encouraging. Timely pricing actions to pass on commodity inflation helped in protecting gross margin to a large extent. Improving consumer demand across markets as with the reopening of the economy continued in Q2 as well with festive season starting on a...
Buy V‐Guard Industries Ltd For Target Rs.308 - Yes Securities
Buy V‐Guard Industries Ltd For Target Rs.308 - Yes Securities
Source: Yes Securities Ltd
3/11/2021 9:47:42 AM
Add V-Guard Industries Ltd For Target Rs.269 - ICICI Securities Marketing investments stepped-up Key takeaways: (1) Strong consumer off-take in June, price hikes across products and favorable base resulted in strong revenue growth of 38.5% YoY, (2) revenue growth in South India and Non-South India markets was 34.7% and 43%, respectively and (3) higher working capital investments due to higher inventory days resulted in negative cash flow from operations. Steady investments in marketing is likely to drive strong revenue growth over FY21-23. We continue ...
Add V-Guard Industries Ltd For Target Rs.269 - ICICI Securities
Add V-Guard Industries Ltd For Target Rs.269 - ICICI Securities
Source: ICICI Securities
14/09/2021 11:11:47 AM
Buy V-Guard Industries Ltd For Target Rs.310 - ICICI Direct Non-south regions drive performance… About the stock: V-Guard is among India’s leading fast moving consumer electrical companies with market leadership position in the stabiliser business. * The company has a wide portfolio of products ranging from switchgears, water heaters, stabilisers, fans and many more. * The company has maintained strong return ratios with RoE and RoCE at ~18% and ~24%, respectively (three year’s average).   Q1FY22 Results: The com...
Buy V-Guard Industries Ltd For Target Rs.310 - ICICI Direct
Buy V-Guard Industries Ltd For Target Rs.310 - ICICI Direct
Source: ICICI Direct
4/09/2021 10:24:48 AM
Buy V-Guard Industries Ltd For Target Rs. 354 - LKP Securities V-Guard Industries Ltd. (VGIL) delivered a strong first quarter both in terms of financial and operating performance. Despite the covid induced lockdowns in the months of April and May, the company was able to bounce back much stronger in the month of June. South and East being the major business geographies bore a greater impact than the rest of the country in the months of April and May. The non-south market contributed around 43% of the total sales in this quarter. The company reported ...
Buy V-Guard Industries Ltd For Target Rs. 354 - LKP Securities
Buy V-Guard Industries Ltd For Target Rs. 354 - LKP Securities
Source: LKP Securities Ltd
12/08/2021 9:16:06 AM
Hold V-Guard Industries Ltd For Target Rs. 269 - ICICI Securities Higher in-house manufacturing to be RoI accretive Three highlights: (1) Strong consumer off-take continued from Q3FY21, 40% growth in E-commerce channel, price hikes of 5-10% across products and favorable base resulted in strong revenue growth of 58% YoY, (2) revenue growth in South India and Non-South India markets was 49.6% and 70.9%, respectively and (3) though input prices are inching upwards, selective price hikes as well as cost saving measures are expected to result in sustain...
Hold V-Guard Industries Ltd For Target Rs. 269 - ICICI Securities
Hold V-Guard Industries Ltd For Target Rs. 269 - ICICI Securities
Source: ICICI Securities
28/06/2021 10:16:27 AM
Update On V-Guard Industries By HDFC Securities Our Take: From a single product company in 1990s (stabilizers), V-Guard has quickly grown into a leading pan-India FMEG player with 22% sales growth over the past decade. It has a broad product portfolio in the electricals and consumer durables segment. It is a market leader in stabilizers with ~51% market share. It is outsourcing almost 57% of its business manufacturing requirements. Stabilizers, wires, fans, kitchen appliances and digital UPS have been the key growth drivers while water ...
Update On V-Guard Industries By HDFC Securities
Update On V-Guard Industries By HDFC Securities
Source: HDFC Securities Ltd
19/04/2021 1:30:18 PM
Master Pick : Buy V-Guard Industries Ltd For Target Rs.310 - Religare Broking V-Guard Industries Ltd * V-Guard Industries started its operations in 1977 at Kochi to manufacture and market Voltage stabilizers. It is a strong player in south India and has a strong brand name. Since inception it has aggressively diversified its portfolio to become a multi-product company catering to the Light Electricals sector manufacturing Invertors & Digital UPS systems, Pumps, House wiring cables, electric & solar water heaters, fans, etc. The company has manufacturing fac...
Master Pick : Buy V-Guard Industries Ltd For Target Rs.310 - Religare Broking
Master Pick : Buy V-Guard Industries Ltd For Target Rs.310 - Religare Broking
Source: Religare Broking Ltd
2/04/2021 9:11:30 AM
Add V-Guard Industries Ltd. For Target Rs. 255 - HDFC Securities Inspiring show; beat across the board V-Guard posted a stellar set of numbers as revenue/EBITDA grew by 32/91% YoY (HSIE 14/34%). Growth was visible across the board as all segments grew >30%. Growth was led primarily by positive sentiment, re-stocking of distribution channels and pre-buying. Growth in Non-South markets continued to be a key driver with 43% YoY growth while South markets grew by 25% YoY. Stabilizers, wires, fans, kitchen appliances and digital UPS were the leaders in gr...
Add V-Guard Industries Ltd. For Target Rs. 255 - HDFC Securities
Add V-Guard Industries Ltd. For Target Rs. 255 - HDFC Securities
Source: HDFC Securities Ltd
6/03/2021 12:30:15 PM
Buy V-Guard Industries Ltd For Target Rs.265 - ICICI Direct   Growth back on track… V-Guard’s performance in Q3FY21 was much ahead of our estimates mainly due to smart sales recovery followed by strong festive demand and market share gains from unorganised/regional players. The company also saw channel re-filling of key products ahead of peak season. According to the management, V-Guard will continue to focus on expanding its distribution network in non-south regions (~41% of revenue). Revenue of non-south regions posted pheno...
Buy V-Guard Industries Ltd For Target Rs.265 - ICICI Direct
Buy V-Guard Industries Ltd For Target Rs.265 - ICICI Direct
Source: ICICI Direct
1/03/2021 11:09:46 AM
Reduce V-Guard Industries Ltd For Target Rs. 215 - ICICI Securities Strong show; growth optionalities lag peers Q2/Q3 results indicate strong bounce-back by most consumer durable / electrical players. V-Guard Industries (VGRD) too has reported its highest quarterly revenues of Rs8.2bn and highest EBITDA margin of 13.7% in Q3FY21. Yet, its overall performance has been weak in FY17-FY21E vs peers (estimated PBT CAGR of ~8.5% compared to ~12.5% for Havells/Crompton) as well as no major traction in emerging categories. Inorganic growth efforts have been small....
Reduce V-Guard Industries Ltd For Target Rs. 215 - ICICI Securities
Reduce V-Guard Industries Ltd For Target Rs. 215 - ICICI Securities
Source: ICICI Securities
25/02/2021 11:03:40 AM
Buy V-Guard Industries For Target Rs. 255 - HDFC Securities Inspiring show; beat across the board V-Guard posted a stellar set of numbers as revenue/EBITDA grew by 32/91% YoY (HSIE 14/34%). Growth was visible across the board as all segments grew >30%. Growth was led primarily by positive sentiment, re-stocking of distribution channels and pre-buying. Growth in Non-South markets continued to be a key driver with 43% YoY growth while South markets grew by 25% YoY. Stabilizers, wires, fans, kitchen appliances and digital UPS were the leaders in gr...
Buy V-Guard Industries For Target Rs. 255 - HDFC Securities
Buy V-Guard Industries For Target Rs. 255 - HDFC Securities
Source: HDFC Securities
19/02/2021 11:33:10 AM
Buy V-Guard Industries Ltd For Target Rs.210 - ICICI Direct Profitability cushioned by significant cost savings… V-Guard’s Q1FY21 performance was severely impacted by the lockdown, wherein topline, bottomline fell 42%, 93%, respectively. While EBITDA fell 87% YoY, the company took significant cost saving measures (in employee, advertisement & other costs) to cushion operating profit in Q1FY21. Going forward, the company expects a sharp margin recovery with improvement in sales. V-Guard saw a sharp recovery in sales on a month on m...
Buy V-Guard Industries Ltd For Target Rs.210 - ICICI Direct
Buy V-Guard Industries Ltd For Target Rs.210 - ICICI Direct
Source: ICICI Direct
16/09/2020 12:01:29 PM