V-Guard Industries Ltd
V-Guard Industries Ltd (VGUARD) last reported results for the quarter ended Jun 2026, with sales of ₹1,811 crore and net profit of ₹130 crore. The stock last traded at ₹298, a market capitalisation of ₹13,035 crore, on a P/E of 34.3. Over the past 52 weeks the stock has ranged between ₹289 and ₹385. Figures are as of 6 Oct 2026 and are not real time.
V-Guard Industries Ltd share price and key metrics
- Current price
- ₹298
- Market cap
- ₹13,035 cr
- Stock P/E
- 34.3
- Book value
- ₹54.3
- ROE
- 14.4%
- ROCE
- 18.4%
- Dividend yield
- 0.51%
- 52w high / low
- 385/289
Metrics as of 6 Oct 2026. Not real time.
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V-Guard Industries Ltd growth and returns
- 10 Years
- %
- 5 Years
- 17%
- 3 Years
- 13%
- TTM
- 13%
- 10 Years
- %
- 5 Years
- 10%
- 3 Years
- 20%
- TTM
- 32%
- 10 Years
- 9%
- 5 Years
- 2%
- 3 Years
- 1%
- 1 Year
- -19%
- 10 Years
- 17%
- 5 Years
- 15%
- 3 Years
- 15%
- Last Year
- 14%
V-Guard Industries Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1,811 cr, up 23.5% from ₹1,466 cr a year earlier. Net profit was ₹130 cr, up 75.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,294 | 1,269 | 1,538 | 1,466 | 1,341 | 1,404 | 1,755 | 1,811 |
| Expenses | 1,184 | 1,165 | 1,395 | 1,342 | 1,232 | 1,280 | 1,585 | 1,620 |
| Operating profit | 110 | 104 | 143 | 124 | 109 | 123 | 171 | 191 |
| OPM % | 9% | 8% | 9% | 8% | 8% | 9% | 10% | 11% |
| Other income | 4 | 5 | 4 | 5 | 5 | -16 | 8 | 12 |
| Interest | 8 | 6 | 3 | 4 | 2 | 3 | 3 | 3 |
| Depreciation | 22 | 25 | 27 | 26 | 27 | 27 | 28 | 28 |
| Profit before tax | 85 | 79 | 118 | 98 | 85 | 77 | 147 | 172 |
| Tax % | 25% | 24% | 23% | 25% | 23% | 26% | 24% | 24% |
| Net profit | 63 | 60 | 91 | 74 | 65 | 57 | 112 | 130 |
| EPS (₹) | 1.46 | 1.38 | 2.09 | 1.69 | 1.50 | 1.31 | 2.57 | 2.98 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
V-Guard Industries Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,086 | 2,326 | 2,594 | 2,503 | 2,721 | 3,500 | 4,127 | 4,857 | 5,578 | 5,966 | 6,310 |
| Operating profit | 210 | 191 | 225 | 259 | 312 | 341 | 320 | 428 | 514 | 527 | 594 |
| OPM % | 10% | 8% | 9% | 10% | 11% | 10% | 8% | 9% | 9% | 9% | 9% |
| Net profit | 145 | 135 | 168 | 188 | 202 | 228 | 189 | 258 | 314 | 308 | 365 |
| EPS (₹) | 3.41 | 3.15 | 3.92 | 4.37 | 4.67 | 5.28 | 4.38 | 5.93 | 7.20 | 7.06 | 8.36 |
TTM is the trailing twelve months to the most recent quarter.
V-Guard Industries Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 42 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 44 | 44 |
| Reserves | 592 | 707 | 857 | 953 | 1,168 | 1,364 | 1,564 | 1,771 | 2,054 | 2,329 |
| Borrowings | 6 | 7 | 14 | 13 | 69 | 68 | 503 | 401 | 134 | 165 |
| Other liabilities | 294 | 414 | 458 | 447 | 594 | 632 | 788 | 936 | 1,098 | 1,160 |
| Total liabilities | 934 | 1,171 | 1,372 | 1,455 | 1,875 | 2,107 | 2,899 | 3,152 | 3,329 | 3,698 |
| Fixed assets | 169 | 218 | 231 | 284 | 370 | 463 | 1,247 | 1,334 | 1,374 | 1,524 |
| CWIP | 10 | 7 | 8 | 67 | 20 | 17 | 27 | 37 | 49 | 21 |
| Investments | 89 | 75 | 83 | 36 | 33 | 33 | 34 | 101 | 81 | 276 |
| Other assets | 666 | 870 | 1,050 | 1,068 | 1,452 | 1,593 | 1,591 | 1,679 | 1,825 | 1,877 |
| Total assets | 934 | 1,171 | 1,372 | 1,455 | 1,875 | 2,107 | 2,899 | 3,152 | 3,329 | 3,698 |
As reported by the company. Total assets equal total liabilities by construction.
V-Guard Industries Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 130 | 52 | 156 | 141 | 222 | -37 | 424 | 393 | 477 | 459 |
| Cash from investing | -106 | -25 | -51 | -112 | 41 | -121 | -771 | -153 | -97 | -364 |
| Cash from financing | -16 | -37 | -25 | -91 | -6 | -62 | 326 | -232 | -378 | -98 |
| Net cash flow | 8 | -10 | 80 | -62 | 257 | -220 | -21 | 8 | 3 | -3 |
| Free cash flow | 88 | 11 | 103 | 57 | 158 | -161 | 323 | 265 | 357 | 279 |
| CFO / operating profit | 93% | 49% | 93% | 85% | 95% | 15% | 148% | 111% | 114% | 107% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
V-Guard Industries Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 26% | 26% | 26% | 26% | 22% | 15% | 18% | 20% | 18% |
| Debtor days | 55 | 71 | 65 | 47 | 52 | 50 | 49 | 45 | 35 | 33 |
| Inventory days | 68 | 71 | 76 | 105 | 124 | 130 | 97 | 92 | 102 | 98 |
| Days payable | 54 | 76 | 73 | 67 | 94 | 69 | 62 | 62 | 67 | 71 |
| Cash conversion cycle | 68 | 66 | 68 | 85 | 83 | 112 | 85 | 75 | 70 | 60 |
| Working capital days | 58 | 70 | 65 | 74 | 71 | 88 | 55 | 41 | 43 | 39 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
V-Guard Industries Ltd shareholding pattern
Promoters held 53.22% at Jun 2026, down from 54.28% at Jun 2025. FIIs 12.01% and DIIs 23.24%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 54.40% | 54.36% | 54.30% | 54.28% | 53.33% | 53.28% | 53.22% | 53.22% |
| FIIs | 13.85% | 13.72% | 13.43% | 12.55% | 12.45% | 12.12% | 12.07% | 12.01% |
| DIIs | 19.88% | 20.25% | 20.63% | 21.61% | 22.86% | 23.32% | 23.39% | 23.24% |
| Public | 11.88% | 11.69% | 11.64% | 11.55% | 11.35% | 11.27% | 11.32% | 11.52% |
| No. of shareholders | 1,40,417 | 1,32,003 | 1,32,948 | 1,33,000 | 1,32,841 | 1,30,218 | 1,33,257 | 1,33,376 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
V-Guard Industries Ltd corporate filings
- Certificate under Reg. 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter and half year ended September 30, 2026.Company Updatelow impact
- V-Guard Industries announces retirement of Chairperson and Independent Director Ms. Radha UnniCompany Updatelow impact
Cruxal's analysis: V-Guard Industries has formally announced the retirement of Ms. Radha Unni from her…
Read the full analysis - Intimation of closure of trading window.Insider Trading / SASTlow impact
- V-Guard Industries Ltd announces scheduled investor meetCompany Updatelow impact
Cruxal's analysis: V-Guard Industries has issued an intimation regarding an upcoming investor meet. This is…
Read the full analysis - ICICI Prudential Mutual Fund reduces stake in V-Guard Industries Ltd. to 4.93%Insider Trading / SASTmedium impact
Cruxal's analysis: ICICI Prudential Mutual Fund has disclosed a reduction in its shareholding in V-Guard…
Read the full analysis - ICICI Prudential Mutual Fund reduces stake in V-Guard Industries Ltd. to 4.93%Insider Trading / SASTlow impact
Cruxal's analysis: ICICI Prudential Mutual Fund has disclosed a reduction in its shareholding in V-Guard…
Read the full analysis - V-Guard Industries Shareholders Approve Dividend and Managerial Remuneration Limits at 30th AGMAGM/EGMlow impact
Cruxal's analysis: V-Guard Industries Limited has successfully concluded its 30th Annual General Meeting…
Read the full analysis - V-Guard Industries Limited Concludes 30th Annual General Meeting; Announces Final Dividend of INR 1.50 per ShareAGM/EGMlow impact
Cruxal's analysis: V-Guard Industries Limited has successfully concluded its 30th Annual General Meeting…
Read the full analysis - V-Guard Industries Ltd receives ESG rating from CRISILCompany Updatelow impact
Cruxal's analysis: V-Guard Industries Ltd has formally intimated the stock exchanges regarding its latest…
Read the full analysis - V-Guard Industries Reports Strong Q1 FY27 Performance with 23.5% Revenue Growth and 76% PAT SurgeCompany Updatehigh impact
Cruxal's analysis: V-Guard Industries Limited delivered a robust Q1 FY27 performance, reporting consolidated…
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