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Add V-Guard Industries Ltd For Target Rs. 467 by Yes Securities Ltd Result Synopsis VGRD reported inline revenue growth of 14.1% driven by strong performance of electronics segment (+18.8%) followed by Electricals (+16.3%). Consumer durables revenue grew 10.6%, while Sunflame Appliances revenue declined 1.1% on yoy basis. Non-south revenue grew 16.9%, while south revenue grew 13.6%. Sunflame appliances revenue de-growth was attributed to lower demand for kitchen appliances and significant decline in CSD orders. Gross margins for the quarter expanded by 207...
Add V-Guard Industries Ltd For Target Rs. 467 by Yes Securities Ltd
Add V-Guard Industries Ltd For Target Rs. 467 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-21 02:04:43 pm
Accumulate V-Guard Industries Ltd. For Target Rs.425 - Elara Capital Cooling products drive top line, margin In-line Q4 revenue, up by 18% YoY, driven by overall growth V-Guard Industries (VGRD IN) Q4 revenue rose 18% YoY to INR 13.4bn, largely in line with our estimates. This was fueled by robust overall growth across segments, primarily driven by strong demand for cooling products, such asfans, air coolers and AC stabilizers due to the harsh Summer. During the quarter, South India witnessed growth of 18.6% YoY, outgrowing nonSouth region at 15.8% YoY, ...
Accumulate V-Guard Industries Ltd. For Target Rs.425 - Elara Capital
Accumulate V-Guard Industries Ltd. For Target Rs.425 - Elara Capital
Source: Elara Capital
2024-06-15 11:56:52 am
V-Guard Industries falls despite reporting 44% rise in Q4 consolidated net profit V-Guard Industries is currently trading at Rs. 373.50, down by 0.40 points or 0.11% from its previous closing of Rs. 373.90 on the BSE. The scrip opened at Rs. 377.75 and has touched a high and low of Rs. 377.75 and Rs. 367.25 respectively. So far 23068 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 378.00 on 15-May-2024 and a 52 week low of Rs. 240.05 on 31-May-2023. Last one week high and low of the scrip sto...
V-Guard Industries falls despite reporting 44% rise in Q4 consolidated net profit
V-Guard Industries falls despite reporting 44% rise in Q4 consolidated net profit
Source: Accord Fintech
2024-05-17 02:15:41 pm
V-Guard Industries soars after its arm starts commercial production of Kitchen Appliances V-Guard Industries is currently trading at Rs. 343.90, up by 1.55 points or 0.45% from its previous closing of Rs. 342.35 on the BSE. The scrip opened at Rs. 345.85 and has touched a high and low of Rs. 345.85 and Rs. 332.05 respectively. So far 27538 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 350.00 on 04-Mar-2024 and a 52 week low of Rs. 238.15 on 28-Mar-2023. Last one week high and low of the scrip stood...
V-Guard Industries soars after its arm starts commercial production of Kitchen Appliances
V-Guard Industries soars after its arm starts commercial production of Kitchen Appliances
Source: Accord Fintech
2024-03-06 03:40:31 pm
Tech Stars : Buy Steel Authority of India Limited And V-Guard Industries Limited By Religare Broking Steel Authority of India Limited (SAIL) TECHNICAL RATIONALE  We are seeing noticeable buoyancy in the metal space and Sail is trading in tandem with the move. It has also witnessed a breakout from a consolidation range, after spending nearly 3 years. All indicators are in the favor of prevailing trend to continue. We thus recommend creating fresh longs in the mentioned range. Buy Steel Authority of India Limited CMP 136.60 Initiation Range 134-137 Stop Loss 126 Target 154 ...
Tech Stars : Buy Steel Authority of India Limited And V-Guard Industries Limited By Religare Broking
Tech Stars : Buy Steel Authority of India Limited And V-Guard Industries Limited By Religare Broking
Source: Religare Broking Ltd
2024-02-06 12:00:59 pm
Buy V-Guard Industries Ltd for Target Rs. 359 - Religare Broking Strong revenue growth YoY: V-Guard posted revenue of Rs 1,165cr up by 18.8% YoY/2.8% QoQ largely driven by its electricals & electronics segments while consumer durables saw the pickup towards the end of the quarter. Geographically both non-South & South performed well as compared last year. Sequentially, South and Electronics growth remain impacted. Healthy improvement in margin: V-Guard’s gross profit grew by 36.1% YoY/3.1% QoQ to Rs 394.8cr and margins came at 33.9%, an in...
Buy V-Guard Industries Ltd for Target Rs. 359 - Religare Broking
Buy V-Guard Industries Ltd for Target Rs. 359 - Religare Broking
Source: Religare Broking Ltd
2024-02-05 11:52:05 am
Add V-Guard Industries Ltd For Target Rs.329 - Yes Securities 2H to see strong demand recovery; reiterate ADD Result Synopsis VGRD reported inline revenue growth of 15.0% aided by consolidation of Sunflame appliances. Excluding sunflame appliances revenue growth stood at 8.7%. The growth was led by electronics segment which grew by 12.1%, while electricals and consumer durables revenue grew by 9.6% and 5.1% respectively. VGRD’s non-south growth of 11.3% significantly outperformed south which saw growth meager growth 6.7% yoy. Gross margins f...
Add V-Guard Industries Ltd For Target Rs.329 - Yes Securities
Add V-Guard Industries Ltd For Target Rs.329 - Yes Securities
Source: Yes Securities Ltd
2023-11-22 02:44:28 pm
Add V-Guard Industries For Target Rs.330 - Centrum Broking Performance in-line; Lower demand restricts growth VGRD’s standalone sales grew 9% YoY to Rs10.7bn, in-line with our estimate, as subdued consumer demand restricted topline growth. Electronics sales grew 15% YoY while Electricals/Consumer Durables sales grew 10%/5% YoY. South region sales grew 7% YoY at Rs6bn (56% of total sales) while Non-South sales grew by 11% YoY to Rs4.7bn (44% of total sales). Led by softer commodity costs, gross margin rose 320bps YoY and 130bps QoQ to 31.8% a...
Add V-Guard Industries For Target Rs.330 - Centrum Broking
Add V-Guard Industries For Target Rs.330 - Centrum Broking
Source: Centrum Broking Limited
2023-11-07 12:48:55 pm
Accumulate V-Guard Industries Ltd For Target Rs.340 - Religare Broking Mixed performance; Maintain Accumulate Mixed topline: V-Guard reported mixed performance on topline as revenue grew by 15% YoY to Rs 1,133.8cr while it declined by 6.7% sequentially. Excluding Sunflame, revenue grew by 8.7% YoY but de-grew by 6.9% QoQ. Both geographies as well as segment witnessed decent growth as compared last year while sequentially performance was mixed. Geographies performed well YoY: The company’s South (56% of revenue) and non-South (43.8% of revenue) region...
Accumulate V-Guard Industries Ltd For Target Rs.340 - Religare Broking
Accumulate V-Guard Industries Ltd For Target Rs.340 - Religare Broking
Source: Religare Broking Ltd
2023-11-03 02:54:55 pm
Update on V-Guard Industries Ltd By Yes Securities Ltd A. Cessations from board since March 2022:ED: Executive Director, ID: Independent Director, NED: Non-executive Non-independent director * Independent directors with a tenure in excess of 10 years are considered as non-independent non-executive directors 1 B Jayaraj has been on the board of Veegaland Limited, a group company, since 2010. Hence his group tenure has been considered.B. RemunerationSource: Annual Report * Ramachandran V was granted 1.3 mn stock options and 0.3 mn RSUs in FY21...
Update on V-Guard Industries Ltd By Yes Securities Ltd
Update on V-Guard Industries Ltd By Yes Securities Ltd
Source: Yes Securities Ltd
2023-10-11 02:35:48 pm