NSE Symbol: VGUARD | BSE Code: 532953
V-Guard Industries Ltd. Stock Trends - 2018
In January, the vguard share price opened for trading at Rs.245.40. It heavily fluctuated - dropping to Rs.231.95, rising again to Rs.247.60 and then falling again to Rs.233.55 by the end of the month.
The prices deteriorated further in February when it dropped to Rs.210.50 in the first week of the month. However, the stock jumped up to Rs.242.30 in the end of February.
The prices were on a downward slope throughout March - the opening price was Rs.238.15 which slipped down to Rs.222.20 on the last day of trading.
In April, the stocks stood at Rs.226.55 initially and then touched an all-time high of Rs.249.90 before falling to close the month at Rs.240.30.
May was again an unfortunate month for the investors as the vguard share price dropped to Rs.220.80.
June proved to be worse as the stock, although fluctuated considerably, but majorly dropped to Rs.196.10 by the end of the month.
July was a month of heavy fluctuation, but the company’s stock price rose significantly to end the month at Rs.214.40.
V-Guard Industries Ltd. Stock Trends - 2016 & 2017
As the share market opened for trading in January 2016, the vguard share price stood at Rs.67.14. It soon dropped to Rs.60.44 and slightly recovered on the last day of the month to rise to Rs.63.74. Although the scrip stood at Rs.65.60 when February began, it soon dropped drastically to end the month at Rs.56.99. The stock came up to Rs.62.89 by the end of March.
In April, the stock was at Rs.63.07 on the first day and gained a little to reach Rs.67.70 as the month ended. May was an eventful month as the vguard share price jumped up to Rs.90.56. The rising trend continued in June and ended the month at Rs.100.54.
July sent the prices further upward to Rs.113.72 on the last day of the month. It further went up to Rs.135.96 by the end of August. The stock maintained a stable level throughout September and was at Rs.131.21 at the end the month.
October was another eventful month for the investors as the stocks rose further. It went up to Rs.150.39 by the end of the month. However, November and December were quite demotivating for the investors as the scrip dropped to Rs.122.71 by the end of November and to Rs.115.93 by the end of the year.
In January 2017, the vguard share price was initially Rs.116.61 before dramatically rising toward the end the month to Rs.146.50. The stock further gained in February and rose to Rs.162.00. It gained more in March and ended the month at Rs.173.40.
April was a highly eventful month as the stock magnificently gained value and went up to Rs.190.40. It touched Rs.216.90 on the 17th of May before dropping to end the month at Rs.181.85. By the end of June, the scrip had fallen to Rs.172.55.
The vguard share price fluctuated between Rs.175 and Rs.180 in July and August before rising to Rs.186.15 at the end of August. The stock touched Rs.201.85 on the 19th of September before rolling down to Rs.182.30.
October showed an upward trend as the share price rose to Rs.214.75 by the end of the month. It further gained value in November to reach Rs.229.45 on the last day of the month. Further, in December, the vguard share price continued to rise, ending the year on a high of Rs.243.80.
V-Guard Industries Company Information and Brief History
V-Guard Industries Ltd. was incorporated in 1996. The company deals in the manufacture and marketing of electronic and electromechanical appliances. The electronics segments of this company include products like voltage stabilizers, uninterruptible power supply (UPS) as well as digital UPS. The electrical and electromechanical product segment includes PVC cables, electric water heaters, fans, switchgear, pumps and motors, etc. The manufacturing plants of V-Guard Industries Ltd. are spread across India with plants located in Tamilnadu, Himachal Pradesh, Uttarakhand and Sikkim.
Mr. Kochouseph Chittilappilly had set up this business as a partnership concern in 1977. The company aimed to build a brand in the consumer electric & electronic goods segment in India. It formally incorporated in 1996. In 2001, the company was converted to a private limited company. However, in 2007, V-Guard Industries went public again. The company diversified the range of its product offerings to electronic voltage stabilizers, electric motors, solar water heaters, and monobloc, jet, submersible, compressor pumps among other products. The company IPO, in 2008, was subscribed 2.62 times on the closing day of the issue. The market capitalization of this company, as of August 2018, was a little above Rs.9000 crore.
Wealth and Recent Performance
In June 2018, as the quarter ended, V-Guard Industries Ltd. reported its net sales value of Rs.638.11 cr as compared to the value of Rs.572.22 cr in the same period last year. This was a rise by 11.51%.
The net profit of the company was reported at Rs.34.39 cr in June 2018, which jumped 47.98% over Rs.23.24 that was reported during the same period in FY 2017-18.
The Earning Per Share (EPS) of V-Guard Industries Ltd. was at Rs.0.79 for the first quarter of the financial year, 46.3% above the same in the last financial year, which stood at Rs.0.54.
Although the company missed estimates when the quarter ended in March 2018, the performance considerably increased in the next quarter.
The leadership team of this company is capable of strategic and well-planned decisions to direct the performance of the company.
Is Investing in V-Guard Industries Ltd. a Good Idea?
The company's standalone net profit, as reported on 30th June 2018, showed a rise by 48% year-on-year which was at Rs.34.4 cr.
Its standalone revenue for the same period also increased by 13.5% year-on-year and stood at Rs.634.9 cr as against Rs.559.5 cr that was reported in the same period last year.
Moreover, the EBITDA of the company grew by 42.4% and stood at Rs.46.5 cr as compared to the EBITDA of Rs.32.6 crore in Q1 FY 2017-18.
Due to the strong growth in consumer durables as well as electricals, the sales increased rapidly.
The net cash balance of V-Guard Industries Ltd., as on Q1 of FY 2018-19 was at Rs.138 crore. It is targeting a capex of Rs.35 to Rs.45 cr per annum. The EPS has also grown by over 46% in Q1 of FY 2018-19 compared to the same quarter in the previous year.