Financials V-Guard Industries Limited NSE India S.E.

Equities

VGUARD

INE951I01027

Electrical Components & Equipment

Market Closed - NSE India S.E. 07:43:49 2024-04-26 am EDT 5-day change 1st Jan Change
342.6 INR -0.09% Intraday chart for V-Guard Industries Limited +0.75% +17.17%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 94,523 66,320 108,451 93,235 108,087 148,821 - -
Enterprise Value (EV) 1 93,777 65,305 105,739 92,796 109,313 148,821 148,821 148,821
P/E ratio 58 x 36.2 x 54.7 x 41.3 x 60.7 x 60.4 x 45.6 x 35.7 x
Yield 0.36% 0.58% 0.48% 0.6% 0.52% 0.4% 0.53% 0.65%
Capitalization / Revenue 3.68 x 2.67 x 4.02 x 2.68 x 2.67 x 3.14 x 2.76 x 2.44 x
EV / Revenue 3.68 x 2.67 x 4.02 x 2.68 x 2.67 x 3.14 x 2.76 x 2.44 x
EV / EBITDA 43.1 x 26.2 x 35.4 x 28.1 x 35.9 x 36.9 x 27.9 x 23.9 x
EV / FCF 94 x 120 x 69 x -83.1 x 29.8 x 115 x 56.7 x 43.6 x
FCF Yield 1.06% 0.83% 1.45% -1.2% 3.36% 0.87% 1.77% 2.29%
Price to Book 10.5 x 6.67 x 8.98 x 6.65 x 6.81 x 8.3 x 7.3 x 6.31 x
Nbr of stocks (in thousands) 426,934 428,288 430,188 431,542 432,174 434,386 - -
Reference price 2 221.4 154.8 252.1 216.0 250.1 342.6 342.6 342.6
Announcement Date 5/29/19 6/1/20 5/26/21 5/19/22 5/30/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25,664 24,820 26,990 34,747 40,496 47,351 53,962 61,068
EBITDA 1 2,194 2,533 3,065 3,321 3,008 4,032 5,328 6,237
EBIT 1 1,976 2,252 2,692 2,920 2,423 3,333 4,496 5,630
Operating Margin 7.7% 9.07% 9.97% 8.4% 5.98% 7.04% 8.33% 9.22%
Earnings before Tax (EBT) 1 2,146 2,454 2,847 2,900 2,414 3,187 4,348 5,543
Net income 1 1,655 1,852 1,990 2,268 1,793 2,378 3,254 4,156
Net margin 6.45% 7.46% 7.37% 6.53% 4.43% 5.02% 6.03% 6.81%
EPS 2 3.820 4.280 4.610 5.230 4.120 5.675 7.517 9.600
Free Cash Flow 1 1,005 550.7 1,573 -1,122 3,631 1,293 2,627 3,412
FCF margin 3.92% 2.22% 5.83% -3.23% 8.97% 2.73% 4.87% 5.59%
FCF Conversion (EBITDA) 45.81% 21.74% 51.31% - 120.72% 32.08% 49.31% 54.7%
FCF Conversion (Net income) 60.72% 29.74% 79.04% - 202.47% 54.4% 80.73% 82.09%
Dividend per Share 2 0.8000 0.9000 1.200 1.300 1.300 1.383 1.800 2.220
Announcement Date 5/29/19 6/1/20 5/26/21 5/19/22 5/30/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 13,187 8,274 8,491 5,607 9,030 14,637 9,607 10,503 10,096 9,807 - 9,772 10,801 11,477 11,184 11,239 13,002
EBITDA 1 - 1,136 1,099 433.6 935.5 - 860.7 1,108 818.9 706.9 - 598 864.5 882.4 962.3 874 1,261
EBIT - - 982.7 320 - - 726.4 994.2 689.9 566.8 - 443.1 704.1 - 857 721 1,014
Operating Margin - - 11.57% 5.71% - - 7.56% 9.47% 6.83% 5.78% - 4.53% 6.52% - 7.66% 6.42% 7.8%
Earnings before Tax (EBT) 1 - 1,084 1,003 349.1 824.4 - 724.6 1,002 723.3 583.5 - 485.4 621.6 719.8 796 - 950
Net income 1 1,098 770.2 683.4 246.3 590.6 836.9 525 906 540.2 431.5 971.7 358.2 463.3 531.3 553.5 539.8 797.3
Net margin 8.32% 9.31% 8.05% 4.39% 6.54% 5.72% 5.46% 8.63% 5.35% 4.4% - 3.67% 4.29% 4.63% 4.95% 4.8% 6.13%
EPS 2 - 1.780 1.580 0.5700 1.360 - 1.210 2.090 1.240 0.9900 - 0.8200 1.060 1.220 1.250 1.200 -
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 11/6/19 2/3/21 5/26/21 7/30/21 10/28/21 10/28/21 2/2/22 5/19/22 7/27/22 10/27/22 10/27/22 2/2/23 5/30/23 8/9/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - 1,226 - - -
Net Cash position 746 1,015 2,711 439 - - - -
Leverage (Debt/EBITDA) - - - - 0.4076 x - - -
Free Cash Flow 1 1,005 551 1,573 -1,122 3,631 1,293 2,627 3,412
ROE (net income / shareholders' equity) 20% 19.6% 18.1% 17.4% 20.7% 14.3% 16.9% 18.7%
ROA (Net income/ Total Assets) - 13.2% 12.1% 11.5% 18.3% 7.8% 9.3% 10.4%
Assets 1 - 13,983 16,500 19,721 9,805 30,481 34,991 39,962
Book Value Per Share 2 21.10 23.20 28.10 32.50 36.70 41.30 46.90 54.30
Cash Flow per Share - - - - 9.560 - - -
Capex 1 530 843 645 774 529 936 788 794
Capex / Sales 2.06% 3.4% 2.39% 2.23% 1.31% 1.98% 1.46% 1.3%
Announcement Date 5/29/19 6/1/20 5/26/21 5/19/22 5/30/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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