About V Guard Industries Limited
Data last updated: 15 July 2026
V Guard Industries Limited is a public limited company based in Kochi, Kerala, India. It specialises in electronics manufacturing, a part of the broader consumer electronics and durables sector. Incorporated on 12 February 1996, the company has been in operation for over 30 years.
Registered with ROC Ernakulam under CIN L31200KL1996PLC010010. Listed on BSE: 532953 and NSE: VGUARD.
Capital: an authorised share capital of ₹191.5 Cr and a paid-up capital of ₹43.69 Cr. Formerly known as V Guard Industries Private Limited. It is led by directors including Ramachandran and Mithun Chittilappilly.
Last AGM: 07 August 2025. Financial statements filed for year ended 31 March 2025. Office: 42/962 Vennala High School Road Vennala, Kochi, Kerala, India – 682028.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹5,965.78 Cr, a growth of 6.96% compared to the previous year. The net worth stands at ₹2,373.05 Cr (up 13.12% YoY). Total assets are valued at ₹3,713.72 Cr (up 11.25% YoY).
The company has a workforce of approximately 3,309 employees as per the latest available data. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands - V-Guard Industries, Ondo Finance. As per MCA filings, the company has open charges of ₹362 Cr and satisfied charges of ₹412.83 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vguard.in.
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EmailLocked
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Social Media
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Registered Address42/962 Vennala High School Road Vennala, Kochi, Kerala, India – 682028
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IndustryConsumer Electronics & Durables, Electronics Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of V Guard Industries Limited
V Guard Industries Limited has one previous CIN (Corporate Identification Number): U31200KL1996PLC010010. The current CIN is L31200KL1996PLC010010, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31200KL1996PLC010010 | Current |
| U31200KL1996PLC010010 | Previous |
Associated Brands with V Guard Industries Limited
V Guard Industries Limited operates two associated brands: V-Guard Industries and Ondo Finance. These brands represent V Guard Industries Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Electrical home appliances are manufactured by V-Guard Industries. | vguard.in | |
| A decentralized finance platform is operated by Ondo Finance. | ondo.finance |
Competitors & Alternatives of V Guard Industries Limited
Brands and companies operating in the same space as V Guard Industries Limited include Sygnum, Xapo Bank, Cashaa and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Sygnum
|
Banking solutions for digital assets | Zurich, Switzerland, Switzerland | 2017 |
Xapo Bank
|
Digital banking for fiat currencies and cryptocurrencies is provided. | Gibraltar, Gibraltar, Gibraltar | 2014 |
Cashaa
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Blockchain-based digital banking services are offered to individuals and businesses. | London, United Kingdom, United Kingdom | 2016 |
AMINA Bank
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Digital asset banking platform | Zug, Switzerland, Switzerland | 2018 |
Ondo
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Ondo is focused on claim prevention technology for insurers. | London, United Kingdom, United Kingdom | 2021 |
Quontic
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Digital bank for individuals | New York, United States, United States | 2009 |
Utoppia
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Crypto-based banking solutions are provided via an online platform. | Mountain View, United States, United States | 2021 |
Capitual
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Multi-currency digital banking is offered online for transfers and payments. | Sao Paulo, Brazil, Brazil | 2018 |
Business Activity of V Guard Industries Limited
V Guard Industries Limited is engaged in principal business activities including manufacturing and trade, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for V Guard Industries Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of V Guard Industries Limited
V Guard Industries Limited is audited by Price Waterhouse Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of V Guard Industries Limited
V Guard Industries Limited is currently managed by 9 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Ramachandran
Also directs:
Sunflame Enterprises Private Limited, V-Guard Consumer Products Limited, V-Guard Foundation and 1 more
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Whole-Time Director | 23 Jul 2013 | 13 Years 0 Months | Current |
|
Mithun Chittilappilly
Also directs:
Sunflame Enterprises Private Limited, V-Guard Consumer Products Limited, V-Guard Foundation and 1 more
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Managing Director | 01 Apr 2012 | 14 Years 4 Months | Current |
| Radha Unni | Director | 27 Sep 2018 | 7 Years 10 Months | Current |
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George Muthoot Jacob
Also directs:
Muthoot Finance Limited, Vatul Plantations Private Limited, Green Guardians Organic Farms And Exports Private Limited and 5 more
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Director | 05 Oct 2020 | 5 Years 10 Months | Current |
| Biju Varkkey | Director | 26 May 2021 | 5 Years 2 Months | Current |
| Antony Sebastian Karathra | Whole-Time Director | 30 May 2023 | 3 Years 2 Months | Current |
Financials of V Guard Industries Limited FY 2026 filings available
V Guard Industries Limited reported revenue of ₹5,965.78 Cr (up 6.96% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹5,965.78 Cr | ₹5,577.82 Cr | ₹4,856.67 Cr | ₹4,126.04 Cr | ₹3,498.17 Cr | ₹2,721.24 Cr | ₹2,502.94 Cr |
| Other Income | ₹23.51 Cr | ₹20.89 Cr | ₹34.03 Cr | ₹16.44 Cr | ₹12.78 Cr | ₹20.73 Cr | ₹25.13 Cr |
| Total Income | ₹5,989.29 Cr | ₹5,598.71 Cr | ₹4,890.7 Cr | ₹4,142.48 Cr | ₹3,510.95 Cr | ₹2,741.97 Cr | ₹2,528.07 Cr |
| Cost of Materials Consumed | ₹1,955.91 Cr | ₹1,993.48 Cr | ₹1,694.02 Cr | ₹1,360.92 Cr | ₹1,412.51 Cr | ₹909.76 Cr | ₹781.88 Cr |
| Purchases of Stock-in-Trade | ₹1,799.16 Cr | ₹1,710.32 Cr | ₹1,577.87 Cr | ₹1,444.43 Cr | ₹1,142.57 Cr | ₹1,013.4 Cr | ₹990.52 Cr |
| Changes in Inventories | ₹42.33 Cr | -₹148.05 Cr | -₹47.86 Cr | ₹79.04 Cr | -₹141.18 Cr | -₹70.65 Cr | -₹110.64 Cr |
| Employee Benefit Expense | ₹536.37 Cr | ₹518.78 Cr | ₹402.85 Cr | ₹302.93 Cr | ₹270 Cr | ₹226.58 Cr | ₹208.83 Cr |
| Finance Costs | ₹12.38 Cr | ₹24.51 Cr | ₹39.54 Cr | ₹16.19 Cr | ₹7.88 Cr | ₹6.1 Cr | ₹4.16 Cr |
| Depreciation & Amortisation | ₹107.89 Cr | ₹95.66 Cr | ₹80.88 Cr | ₹64.42 Cr | ₹49.15 Cr | ₹38.63 Cr | ₹29.38 Cr |
| Other Expenses | ₹1,105.25 Cr | ₹990.06 Cr | ₹803.08 Cr | ₹618.81 Cr | ₹476.07 Cr | ₹330.04 Cr | ₹374.37 Cr |
| Total Expenses | ₹5,559.29 Cr | ₹5,184.76 Cr | ₹4,550.38 Cr | ₹3,886.75 Cr | ₹3,216.99 Cr | ₹2,453.87 Cr | ₹2,278.49 Cr |
| Profit Before Exceptional Items & Tax | ₹430 Cr | ₹413.95 Cr | ₹340.32 Cr | ₹255.74 Cr | ₹293.96 Cr | ₹288.1 Cr | ₹249.58 Cr |
| Exceptional Items | -₹22.11 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹407.89 Cr | ₹413.95 Cr | ₹340.32 Cr | ₹255.74 Cr | ₹293.96 Cr | ₹288.1 Cr | ₹249.58 Cr |
| Total Tax Expense | ₹99.55 Cr | ₹100.23 Cr | ₹82.74 Cr | ₹66.69 Cr | ₹65.53 Cr | ₹86.21 Cr | ₹61.33 Cr |
| Net Profit | ₹308.33 Cr | ₹313.72 Cr | ₹257.58 Cr | ₹189.05 Cr | ₹228.44 Cr | ₹201.89 Cr | ₹188.25 Cr |
| attributable to Owners | ₹308.33 Cr | ₹313.72 Cr | ₹257.58 Cr | ₹189.11 Cr | ₹227.69 Cr | ₹200.82 Cr | ₹187.11 Cr |
| attributable to NCI | ₹0 | ₹0 | ₹0 | -₹6.65 Lakh | ₹74.51 Lakh | ₹1.07 Cr | ₹1.14 Cr |
| Other Comprehensive Income | -₹75 Lakh | -₹3.14 Cr | -₹2.77 Cr | ₹20.04 Cr | -₹50.55 Lakh | ₹46.48 Lakh | -₹2.29 Cr |
| Total Comprehensive Income | ₹307.58 Cr | ₹310.58 Cr | ₹254.81 Cr | ₹209.08 Cr | ₹227.93 Cr | ₹202.36 Cr | ₹185.97 Cr |
| EBITDA (computed) | ₹550.27 Cr | ₹534.12 Cr | ₹460.74 Cr | ₹336.35 Cr | ₹350.99 Cr | ₹332.83 Cr | ₹283.12 Cr |
| Basic EPS | ₹7.03 | ₹7.17 | ₹5.89 | ₹4.38 | ₹5.29 | ₹4.68 | ₹4.38 |
| Diluted EPS | ₹7.01 | ₹7.14 | ₹5.88 | ₹4.35 | ₹5.25 | ₹4.65 | ₹4.32 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹3,713.72 Cr | ₹3,338.21 Cr | ₹3,161.28 Cr | ₹2,906.93 Cr |
| Non-current Assets | ₹1,711.62 Cr | ₹1,550.01 Cr | ₹1,492.63 Cr | ₹1,401.7 Cr |
| Current Assets | ₹2,002.1 Cr | ₹1,788.2 Cr | ₹1,668.65 Cr | ₹1,505.23 Cr |
| Property, Plant & Equipment | ₹661.84 Cr | ₹529.42 Cr | ₹511.43 Cr | ₹459.25 Cr |
| Inventories | ₹1,023.93 Cr | ₹997.29 Cr | ₹811.83 Cr | ₹767.44 Cr |
| Trade Receivables | ₹532.85 Cr | ₹542.31 Cr | ₹595.82 Cr | ₹568.66 Cr |
| Cash & Equivalents | ₹46.92 Cr | ₹49.98 Cr | ₹47.45 Cr | ₹39.54 Cr |
| Equity (Net Worth) | ₹2,373.05 Cr | ₹2,097.83 Cr | ₹1,814.22 Cr | ₹1,607.62 Cr |
| Equity Share Capital | ₹43.68 Cr | ₹43.58 Cr | ₹43.44 Cr | ₹43.22 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹137.26 Cr | ₹272.91 Cr |
| Borrowings (Current) | ₹8.84 Cr | ₹10.81 Cr | ₹153.77 Cr | ₹146.7 Cr |
| Total Debt (computed) | ₹8.84 Cr | ₹10.81 Cr | ₹291.03 Cr | ₹419.61 Cr |
| Current Liabilities | ₹1,089.53 Cr | ₹1,022.95 Cr | ₹1,002.04 Cr | ₹816.69 Cr |
| Total Liabilities | ₹1,340.67 Cr | ₹1,240.38 Cr | ₹1,347.06 Cr | ₹1,299.31 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹458.55 Cr | ₹476.96 Cr | ₹392.74 Cr | ₹423.81 Cr | -₹38.71 Cr |
| Investing Cash Flow | -₹363.94 Cr | -₹96.92 Cr | -₹152.61 Cr | -₹771.16 Cr | -₹119.78 Cr |
| Financing Cash Flow | -₹97.67 Cr | -₹377.51 Cr | -₹232.22 Cr | ₹326.1 Cr | -₹61.48 Cr |
| Capital Expenditure | ₹179.85 Cr | ₹120.66 Cr | ₹128.23 Cr | ₹102.63 Cr | ₹124.62 Cr |
| Free Cash Flow (computed) | ₹278.7 Cr | ₹356.3 Cr | ₹264.51 Cr | ₹321.18 Cr | -₹163.32 Cr |
| Dividends Paid | ₹65.43 Cr | ₹61.05 Cr | ₹56.25 Cr | ₹56.08 Cr | ₹51.61 Cr |
| Net Change in Cash | -₹3.06 Cr | ₹2.53 Cr | ₹7.91 Cr | -₹21.25 Cr | -₹219.97 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,755.27 Cr | ₹1,403.51 Cr | ₹1,340.92 Cr | ₹1,466.08 Cr | ₹1,538.08 Cr | ₹1,268.65 Cr | ₹1,293.99 Cr | ₹1,477.1 Cr | ₹1,342.77 Cr | ₹1,165.39 Cr | ₹1,133.75 Cr | ₹1,214.76 Cr |
| Other Income | ₹7.62 Cr | ₹5.73 Cr | ₹4.91 Cr | ₹5.25 Cr | ₹4.5 Cr | ₹5.43 Cr | ₹4.05 Cr | ₹6.91 Cr | ₹4.89 Cr | ₹3.19 Cr | ₹14.16 Cr | ₹11.79 Cr |
| Total Income | ₹1,762.89 Cr | ₹1,409.24 Cr | ₹1,345.83 Cr | ₹1,471.33 Cr | ₹1,542.58 Cr | ₹1,274.08 Cr | ₹1,298.04 Cr | ₹1,484.01 Cr | ₹1,347.66 Cr | ₹1,168.58 Cr | ₹1,147.91 Cr | ₹1,226.55 Cr |
| Cost of Materials Consumed | ₹538.16 Cr | ₹447.99 Cr | ₹471.88 Cr | ₹497.88 Cr | ₹403.3 Cr | ₹530.36 Cr | ₹461.42 Cr | ₹604 Cr | ₹472.52 Cr | ₹403.42 Cr | ₹414.21 Cr | ₹403.87 Cr |
| Purchases of Stock-in-Trade | ₹598.59 Cr | ₹406.62 Cr | ₹376.23 Cr | ₹417.72 Cr | ₹565.48 Cr | ₹347.89 Cr | ₹477.47 Cr | ₹330.9 Cr | ₹435.43 Cr | ₹384.88 Cr | ₹370.61 Cr | ₹386.95 Cr |
| Changes in Inventories | -₹1.07 Cr | ₹44.6 Cr | -₹11.01 Cr | ₹9.81 Cr | ₹22.99 Cr | -₹68.29 Cr | -₹108.67 Cr | ₹5.92 Cr | -₹25.34 Cr | -₹17.71 Cr | -₹33.9 Cr | ₹29.09 Cr |
| Employee Benefit Expense | ₹143.92 Cr | ₹115.86 Cr | ₹136.24 Cr | ₹140.35 Cr | ₹136.86 Cr | ₹130.04 Cr | ₹129.32 Cr | ₹122.56 Cr | ₹110.16 Cr | ₹82.63 Cr | ₹106.11 Cr | ₹103.95 Cr |
| Finance Costs | ₹3.01 Cr | ₹2.97 Cr | ₹2.13 Cr | ₹4.27 Cr | ₹2.55 Cr | ₹5.79 Cr | ₹7.58 Cr | ₹8.59 Cr | ₹9.94 Cr | ₹9.42 Cr | ₹9.33 Cr | ₹10.85 Cr |
| Depreciation & Amortisation | ₹28.1 Cr | ₹26.52 Cr | ₹26.96 Cr | ₹26.31 Cr | ₹26.78 Cr | ₹25.04 Cr | ₹22.11 Cr | ₹21.73 Cr | ₹22.17 Cr | ₹19.14 Cr | ₹19.79 Cr | ₹19.78 Cr |
| Other Expenses | ₹304.95 Cr | ₹265.25 Cr | ₹258.32 Cr | ₹276.73 Cr | ₹266.4 Cr | ₹224.51 Cr | ₹224.19 Cr | ₹257.95 Cr | ₹222.15 Cr | ₹210.55 Cr | ₹184.23 Cr | ₹186.15 Cr |
| Total Expenses | ₹1,615.66 Cr | ₹1,309.81 Cr | ₹1,260.75 Cr | ₹1,373.07 Cr | ₹1,424.36 Cr | ₹1,195.34 Cr | ₹1,213.42 Cr | ₹1,351.65 Cr | ₹1,247.03 Cr | ₹1,092.33 Cr | ₹1,070.38 Cr | ₹1,140.64 Cr |
| Profit Before Exceptional Items & Tax | ₹147.23 Cr | ₹99.43 Cr | ₹85.08 Cr | ₹98.26 Cr | ₹118.22 Cr | ₹78.74 Cr | ₹84.62 Cr | ₹132.36 Cr | ₹100.63 Cr | ₹76.25 Cr | ₹77.53 Cr | ₹85.91 Cr |
| Exceptional Items | ₹0 | -₹22.11 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹147.23 Cr | ₹77.32 Cr | ₹85.08 Cr | ₹98.26 Cr | ₹118.22 Cr | ₹78.74 Cr | ₹84.62 Cr | ₹132.36 Cr | ₹100.63 Cr | ₹76.25 Cr | ₹77.53 Cr | ₹85.91 Cr |
| Total Tax Expense | ₹35.09 Cr | ₹20.26 Cr | ₹19.79 Cr | ₹24.41 Cr | ₹27.09 Cr | ₹18.52 Cr | ₹21.23 Cr | ₹33.39 Cr | ₹24.46 Cr | ₹18.01 Cr | ₹18.58 Cr | ₹21.69 Cr |
| Net Profit | ₹112.13 Cr | ₹57.06 Cr | ₹65.29 Cr | ₹73.85 Cr | ₹91.13 Cr | ₹60.22 Cr | ₹63.39 Cr | ₹98.97 Cr | ₹76.17 Cr | ₹58.24 Cr | ₹58.95 Cr | ₹64.22 Cr |
| attributable to Owners | ₹112.13 Cr | ₹57.06 Cr | ₹65.29 Cr | ₹73.85 Cr | ₹91.13 Cr | ₹60.22 Cr | ₹63.39 Cr | ₹98.97 Cr | ₹76.17 Cr | ₹58.24 Cr | ₹58.95 Cr | ₹0 |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | -₹75 Lakh | ₹0 | ₹0 | ₹0 | -₹3.14 Cr | ₹0 | ₹0 | ₹0 | -₹2.77 Cr | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹111.38 Cr | ₹57.06 Cr | ₹65.29 Cr | ₹73.85 Cr | ₹87.99 Cr | ₹60.22 Cr | ₹63.39 Cr | ₹98.97 Cr | ₹73.4 Cr | ₹58.24 Cr | ₹58.95 Cr | ₹64.22 Cr |
| EBITDA (computed) | ₹178.34 Cr | ₹128.92 Cr | ₹114.17 Cr | ₹128.84 Cr | ₹147.55 Cr | ₹109.57 Cr | ₹114.31 Cr | ₹162.68 Cr | ₹132.74 Cr | ₹104.81 Cr | ₹106.65 Cr | ₹116.54 Cr |
| Basic EPS | ₹2.56 | ₹1.30 | ₹1.49 | ₹1.69 | ₹2.08 | ₹1.38 | ₹1.45 | ₹2.26 | ₹1.74 | ₹1.33 | ₹1.35 | ₹1.48 |
| Diluted EPS | ₹2.55 | ₹1.30 | ₹1.48 | ₹1.68 | ₹2.07 | ₹1.37 | ₹1.44 | ₹2.25 | ₹1.74 | ₹1.33 | ₹1.34 | ₹1.47 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Electronics | ₹498.27 Cr | ₹86.6 Cr | ₹730.31 Cr | ₹311.21 Cr |
| Electricals | ₹771.78 Cr | ₹95.08 Cr | ₹719.52 Cr | ₹284.59 Cr |
| Cosumer Durables | ₹426.11 Cr | ₹6.96 Cr | ₹713.5 Cr | ₹328.57 Cr |
| Sunflame | ₹60.1 Cr | ₹4.03 Cr | ₹791.73 Cr | ₹136.73 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Electronics | ₹1,639.58 Cr | ₹294.12 Cr | - | - |
| Electricals | ₹2,461.08 Cr | ₹279.6 Cr | - | - |
| Cosumer Durables | ₹1,615.88 Cr | ₹26.08 Cr | - | - |
| Sunflame | ₹250.23 Cr | ₹13.16 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹5,691.78 Cr | ₹5,308.87 Cr | ₹4,559.43 Cr | ₹4,049.6 Cr | ₹3,474.66 Cr | ₹2,699 Cr | ₹2,481.96 Cr |
| Other Income | ₹36.12 Cr | ₹18.86 Cr | ₹51.84 Cr | ₹14.97 Cr | ₹12.93 Cr | ₹21.1 Cr | ₹23.99 Cr |
| Total Income | ₹5,727.9 Cr | ₹5,327.73 Cr | ₹4,611.27 Cr | ₹4,064.57 Cr | ₹3,487.59 Cr | ₹2,720.1 Cr | ₹2,505.95 Cr |
| Cost of Materials Consumed | ₹1,330.33 Cr | ₹1,366.72 Cr | ₹1,300.24 Cr | ₹1,223.44 Cr | ₹1,374.77 Cr | ₹872.92 Cr | ₹748.81 Cr |
| Purchases of Stock-in-Trade | ₹2,450.76 Cr | ₹2,351.58 Cr | ₹1,875.37 Cr | ₹1,567.5 Cr | ₹1,178.88 Cr | ₹1,046.53 Cr | ₹1,022.3 Cr |
| Changes in Inventories | ₹72.98 Cr | -₹136.17 Cr | -₹36.22 Cr | ₹89.12 Cr | -₹139.7 Cr | -₹70.72 Cr | -₹112.91 Cr |
| Employee Benefit Expense | ₹494.13 Cr | ₹479.43 Cr | ₹376.76 Cr | ₹294.86 Cr | ₹266.88 Cr | ₹224.67 Cr | ₹206.83 Cr |
| Finance Costs | ₹6.93 Cr | ₹19.92 Cr | ₹37.46 Cr | ₹15.92 Cr | ₹7.52 Cr | ₹5.6 Cr | ₹3.73 Cr |
| Depreciation & Amortisation | ₹82.06 Cr | ₹73.68 Cr | ₹66.95 Cr | ₹58.44 Cr | ₹47.5 Cr | ₹37.32 Cr | ₹28.09 Cr |
| Other Expenses | ₹925.93 Cr | ₹824.84 Cr | ₹689.66 Cr | ₹573.92 Cr | ₹461.68 Cr | ₹319.11 Cr | ₹363.67 Cr |
| Total Expenses | ₹5,363.12 Cr | ₹4,980 Cr | ₹4,310.22 Cr | ₹3,823.2 Cr | ₹3,197.54 Cr | ₹2,435.43 Cr | ₹2,260.51 Cr |
| Profit Before Exceptional Items & Tax | ₹364.78 Cr | ₹347.73 Cr | ₹301.05 Cr | ₹241.37 Cr | ₹290.05 Cr | ₹284.67 Cr | ₹245.44 Cr |
| Exceptional Items | -₹20.91 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹343.87 Cr | ₹347.73 Cr | ₹301.05 Cr | ₹241.37 Cr | ₹290.05 Cr | ₹284.67 Cr | ₹245.44 Cr |
| Total Tax Expense | ₹84.5 Cr | ₹87.51 Cr | ₹70.14 Cr | ₹62.05 Cr | ₹63.25 Cr | ₹85.69 Cr | ₹60.28 Cr |
| Net Profit | ₹259.37 Cr | ₹260.22 Cr | ₹230.91 Cr | ₹179.32 Cr | ₹226.8 Cr | ₹198.98 Cr | ₹185.16 Cr |
| Other Comprehensive Income | -₹67 Lakh | -₹2.99 Cr | -₹2.62 Cr | ₹20.05 Cr | -₹54.98 Lakh | ₹45.27 Lakh | -₹2.26 Cr |
| Total Comprehensive Income | ₹258.7 Cr | ₹257.23 Cr | ₹228.29 Cr | ₹199.38 Cr | ₹226.25 Cr | ₹199.44 Cr | ₹182.9 Cr |
| EBITDA (computed) | ₹453.77 Cr | ₹441.33 Cr | ₹405.46 Cr | ₹315.74 Cr | ₹345.07 Cr | ₹327.59 Cr | ₹277.26 Cr |
| Basic EPS | ₹5.92 | ₹5.95 | ₹5.28 | ₹4.15 | ₹2.10 | ₹4.64 | ₹4.33 |
| Diluted EPS | ₹5.90 | ₹5.92 | ₹5.27 | ₹4.12 | ₹2.09 | ₹4.61 | ₹4.28 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹3,289.71 Cr | ₹3,038.86 Cr | ₹2,885.89 Cr | ₹2,714.93 Cr |
| Non-current Assets | ₹1,541.36 Cr | ₹1,454.92 Cr | ₹1,403.89 Cr | ₹1,381.92 Cr |
| Current Assets | ₹1,748.35 Cr | ₹1,583.94 Cr | ₹1,482 Cr | ₹1,333.01 Cr |
| Property, Plant & Equipment | ₹468.12 Cr | ₹343.53 Cr | ₹333.1 Cr | ₹340.92 Cr |
| Inventories | ₹832.11 Cr | ₹865.03 Cr | ₹709.47 Cr | ₹689.41 Cr |
| Trade Receivables | ₹511.45 Cr | ₹513.53 Cr | ₹553.58 Cr | ₹531.74 Cr |
| Cash & Equivalents | ₹31.63 Cr | ₹30.07 Cr | ₹35.07 Cr | ₹23.65 Cr |
| Equity (Net Worth) | ₹2,224.68 Cr | ₹1,998.34 Cr | ₹1,768.07 Cr | ₹1,588 Cr |
| Equity Share Capital | ₹43.68 Cr | ₹43.58 Cr | ₹43.44 Cr | ₹43.22 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹137.26 Cr | ₹272.91 Cr |
| Borrowings (Current) | ₹8.84 Cr | ₹10.81 Cr | ₹153.77 Cr | ₹146.7 Cr |
| Total Debt (computed) | ₹8.84 Cr | ₹10.81 Cr | ₹291.03 Cr | ₹419.61 Cr |
| Current Liabilities | ₹1,008.27 Cr | ₹976.16 Cr | ₹918.1 Cr | ₹749.53 Cr |
| Total Liabilities | ₹1,065.03 Cr | ₹1,040.52 Cr | ₹1,117.82 Cr | ₹1,126.93 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹388.31 Cr | ₹444.49 Cr | ₹350.4 Cr | ₹415.95 Cr | -₹34.79 Cr |
| Investing Cash Flow | -₹298.73 Cr | -₹77.25 Cr | -₹107.32 Cr | -₹774.15 Cr | -₹132.43 Cr |
| Financing Cash Flow | -₹88.02 Cr | -₹372.24 Cr | -₹231.66 Cr | ₹328.41 Cr | -₹60.05 Cr |
| Capital Expenditure | ₹124.98 Cr | ₹103.45 Cr | ₹84.04 Cr | ₹52.87 Cr | ₹77.45 Cr |
| Free Cash Flow (computed) | ₹263.33 Cr | ₹341.04 Cr | ₹266.36 Cr | ₹363.08 Cr | -₹112.24 Cr |
| Dividends Paid | ₹65.43 Cr | ₹61.05 Cr | ₹56.25 Cr | ₹56.08 Cr | ₹51.61 Cr |
| Net Change in Cash | ₹1.56 Cr | -₹5 Cr | ₹11.42 Cr | -₹29.8 Cr | -₹227.27 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,687.16 Cr | ₹1,325.92 Cr | ₹1,272.32 Cr | ₹1,406.38 Cr | ₹1,480.07 Cr | ₹1,185.25 Cr | ₹1,229.02 Cr | ₹1,414.53 Cr | ₹1,261.63 Cr | ₹1,078.26 Cr | ₹1,071.86 Cr | ₹1,147.68 Cr |
| Other Income | ₹7.25 Cr | ₹5.37 Cr | ₹18.63 Cr | ₹4.87 Cr | ₹3.23 Cr | ₹5.41 Cr | ₹3.7 Cr | ₹6.52 Cr | ₹24.97 Cr | ₹2.24 Cr | ₹13.5 Cr | ₹11.13 Cr |
| Total Income | ₹1,694.41 Cr | ₹1,331.29 Cr | ₹1,290.95 Cr | ₹1,411.25 Cr | ₹1,483.3 Cr | ₹1,190.66 Cr | ₹1,232.72 Cr | ₹1,421.05 Cr | ₹1,286.6 Cr | ₹1,080.5 Cr | ₹1,085.36 Cr | ₹1,158.81 Cr |
| Cost of Materials Consumed | ₹338.3 Cr | ₹329.84 Cr | ₹340.83 Cr | ₹321.36 Cr | ₹236.21 Cr | ₹369.57 Cr | ₹319.74 Cr | ₹441.2 Cr | ₹341.61 Cr | ₹306 Cr | ₹335.84 Cr | ₹316.79 Cr |
| Purchases of Stock-in-Trade | ₹830.6 Cr | ₹512.17 Cr | ₹509.14 Cr | ₹598.85 Cr | ₹768.96 Cr | ₹489.04 Cr | ₹601.73 Cr | ₹500.96 Cr | ₹557.57 Cr | ₹445.27 Cr | ₹424.58 Cr | ₹447.94 Cr |
| Changes in Inventories | -₹11.43 Cr | ₹61.18 Cr | -₹5.4 Cr | ₹28.63 Cr | ₹5.82 Cr | -₹59.95 Cr | -₹91.42 Cr | ₹9.38 Cr | -₹24.16 Cr | -₹15.24 Cr | -₹29.67 Cr | ₹32.86 Cr |
| Employee Benefit Expense | ₹133.54 Cr | ₹105.72 Cr | ₹125.31 Cr | ₹129.56 Cr | ₹125.74 Cr | ₹120.93 Cr | ₹119.56 Cr | ₹113.2 Cr | ₹100.21 Cr | ₹77.99 Cr | ₹99.74 Cr | ₹98.82 Cr |
| Finance Costs | ₹1.43 Cr | ₹1.68 Cr | ₹85 Lakh | ₹2.97 Cr | ₹1.28 Cr | ₹4.58 Cr | ₹6.51 Cr | ₹7.55 Cr | ₹8.8 Cr | ₹8.92 Cr | ₹8.97 Cr | ₹10.77 Cr |
| Depreciation & Amortisation | ₹21.04 Cr | ₹20.25 Cr | ₹20.57 Cr | ₹20.2 Cr | ₹20.47 Cr | ₹19.65 Cr | ₹17.01 Cr | ₹16.55 Cr | ₹17.02 Cr | ₹16.87 Cr | ₹16.44 Cr | ₹16.62 Cr |
| Other Expenses | ₹253.32 Cr | ₹221.39 Cr | ₹217.1 Cr | ₹234.12 Cr | ₹222.54 Cr | ₹182.86 Cr | ₹188.38 Cr | ₹221.95 Cr | ₹186.54 Cr | ₹179.01 Cr | ₹161.08 Cr | ₹163.03 Cr |
| Total Expenses | ₹1,566.8 Cr | ₹1,252.23 Cr | ₹1,208.4 Cr | ₹1,335.69 Cr | ₹1,381.02 Cr | ₹1,126.68 Cr | ₹1,161.51 Cr | ₹1,310.79 Cr | ₹1,187.59 Cr | ₹1,018.82 Cr | ₹1,016.98 Cr | ₹1,086.83 Cr |
| Profit Before Exceptional Items & Tax | ₹127.61 Cr | ₹79.06 Cr | ₹82.55 Cr | ₹75.56 Cr | ₹102.28 Cr | ₹63.98 Cr | ₹71.21 Cr | ₹110.26 Cr | ₹99.01 Cr | ₹61.68 Cr | ₹68.38 Cr | ₹71.98 Cr |
| Exceptional Items | ₹0 | -₹20.91 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹127.61 Cr | ₹58.15 Cr | ₹82.55 Cr | ₹75.56 Cr | ₹102.28 Cr | ₹63.98 Cr | ₹71.21 Cr | ₹110.26 Cr | ₹99.01 Cr | ₹61.68 Cr | ₹68.38 Cr | ₹71.98 Cr |
| Total Tax Expense | ₹32.26 Cr | ₹15.81 Cr | ₹16.58 Cr | ₹19.85 Cr | ₹24.22 Cr | ₹15.89 Cr | ₹19.02 Cr | ₹28.38 Cr | ₹19.84 Cr | ₹15.06 Cr | ₹16.39 Cr | ₹18.85 Cr |
| Net Profit | ₹95.35 Cr | ₹42.34 Cr | ₹65.97 Cr | ₹55.71 Cr | ₹78.06 Cr | ₹48.09 Cr | ₹52.19 Cr | ₹81.88 Cr | ₹79.17 Cr | ₹46.62 Cr | ₹51.99 Cr | ₹53.13 Cr |
| Other Comprehensive Income | -₹67 Lakh | ₹0 | ₹0 | ₹0 | -₹2.99 Cr | ₹0 | ₹0 | ₹0 | -₹2.62 Cr | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹94.68 Cr | ₹42.34 Cr | ₹65.97 Cr | ₹55.71 Cr | ₹75.07 Cr | ₹48.09 Cr | ₹52.19 Cr | ₹81.88 Cr | ₹76.55 Cr | ₹46.62 Cr | ₹51.99 Cr | ₹53.13 Cr |
| EBITDA (computed) | ₹150.08 Cr | ₹100.99 Cr | ₹103.97 Cr | ₹98.73 Cr | ₹124.03 Cr | ₹88.21 Cr | ₹94.73 Cr | ₹134.36 Cr | ₹124.83 Cr | ₹87.47 Cr | ₹93.79 Cr | ₹99.37 Cr |
| Basic EPS | ₹2.17 | ₹0.97 | ₹1.50 | ₹1.27 | ₹1.78 | ₹1.10 | ₹1.19 | ₹1.87 | ₹1.81 | ₹1.07 | ₹1.19 | ₹1.23 |
| Diluted EPS | ₹2.17 | ₹0.96 | ₹1.50 | ₹1.27 | ₹1.78 | ₹1.09 | ₹1.19 | ₹1.86 | ₹1.81 | ₹1.06 | ₹1.19 | ₹1.22 |
| Segment · Q3 FY25 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Consumer Durables | ₹425.23 Cr | ₹10.69 Cr | ₹718.24 Cr | ₹263.87 Cr |
| Electricals | ₹474.51 Cr | ₹39.79 Cr | ₹568.07 Cr | ₹256.51 Cr |
| Electronics | ₹285.51 Cr | ₹51.03 Cr | ₹405.76 Cr | ₹190.49 Cr |
| Segment · FY 2024 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Consumer Durables | ₹1,444.52 Cr | ₹17.27 Cr | - | - |
| Electricals | ₹1,948.33 Cr | ₹160.98 Cr | - | - |
| Electronics | ₹1,166.58 Cr | ₹135.53 Cr | - | - |
| Unallocated | ₹0 | ₹0 | - | - |
Shareholding Pattern of V Guard Industries Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 53.23%, foreign institutional investors hold 12.07%, domestic institutional investors hold 23.39%, retail and other public shareholders hold 11.31% of V Guard Industries Limited. The company had 133,257 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 53.23% | 53.28% | 53.32% | 54.28% | 54.30% | 54.35% |
| Public | 46.77% | 46.72% | 46.68% | 45.72% | 45.70% | 45.65% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.23% | 54.30% | 54.48% | 55.80% | 55.88% | 57.22% | 62.73% | 64.12% | 64.31% | 65.17% | 65.70% |
| Public | 46.77% | 45.70% | 45.52% | 44.20% | 44.12% | 42.78% | 37.27% | 35.88% | 35.69% | 34.83% | 34.30% |
| Promoter change (YoY, %pts) | -1.07 | -0.18 | -1.32 | -0.08 | -1.34 | -5.51 | -1.39 | -0.19 | -0.86 | -0.53 | - |
Board & Governance of V Guard Industries Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of V Guard Industries Limited has 8 directors - 4 independent and 3 executive. The board is chaired by RADHA UNNI.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| RADHA UNNI | Non-Executive - Independent Director · Chairperson | 2018-09-27 | 1 |
| MITHUN KOCHOUSEPH CHITTILAPPILLY | Executive Director · MD | 2003-04-01 | 1 |
| RAMACHANDRAN V | Executive Director | 2013-06-01 | 1 |
| GEORGE MUTHOOT JACOB | Non-Executive - Independent Director | 2020-10-05 | 2 |
| BIJU VARKKEY | Non-Executive - Independent Director | 2021-05-26 | 2 |
| ANTONY SEBASTIAN KARATHRA | Executive Director | 2023-05-30 | 1 |
| ISHWAR SUBRAMANIAN | Non-Executive - Independent Director | 2023-05-30 | 1 |
| REENA PHILIP | Non-Executive - Non Independent Director | 2026-01-28 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | ISHWAR SUBRAMANIAN (Chairperson), MITHUN KOCHOUSEPH CHITTILAPPILLY, RADHA UNNI, GEORGE MUTHOOT JACOB |
| Nomination and remuneration committee | BIJU VARKKEY (Chairperson), RADHA UNNI, ISHWAR SUBRAMANIAN |
| Stakeholders Relationship Committee | RADHA UNNI (Chairperson), MITHUN KOCHOUSEPH CHITTILAPPILLY, BIJU VARKKEY, GEORGE MUTHOOT JACOB |
| Risk Management Committee | RADHA UNNI (Chairperson), MITHUN KOCHOUSEPH CHITTILAPPILLY, RAMACHANDRAN V, GEORGE MUTHOOT JACOB, SUDARSHAN KASTURI |
| Corporate Social Responsibility Committee | ANTONY SEBASTIAN KARATHRA (Chairperson), MITHUN KOCHOUSEPH CHITTILAPPILLY, GEORGE MUTHOOT JACOB, BIJU VARKKEY |
| INVESTMENT COMMITTEE | ISHWAR SUBRAMANIAN (Chairperson), BIJU VARKKEY, MITHUN KOCHOUSEPH CHITTILAPPILLY, RAMACHANDRAN V |
Group Structure of V Guard Industries Limited
V Guard Industries Limited has 3 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects V Guard Industries Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| V-Guard Consumer Products Limited | U31904KL2021PLC069893 | - |
| Guts Electro-Mech Limited | U52520TG1987PLC007245 | - |
| Sunflame Enterprises Private Limited | U74899DL1984PTC018992 | - |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of V Guard Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Jun 2017 | Others | ₹147 Cr | Open |
| 29 Mar 2012 | Others | ₹70 Cr | Open |
| 12 Mar 2010 | Citi Bank N.A. | ₹25 Cr | Open |
| 07 Jan 2008 | Hdfc Bank Limited | ₹100 Cr | Open |
| 23 Sep 2004 | State Bank of India | ₹20 Cr | Open |
Total charge records: 26 View all charges
Employees and EPFO Compliance at V Guard Industries Limited
V Guard Industries Limited has a workforce of 3,309 employees as of Apr 07, 2024.
Employee and EPFO history for V Guard Industries Limited
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GST Compliance of V Guard Industries Limited
GST registrations and filing compliance for V Guard Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for V Guard Industries Limited
Credit ratings, litigation, and regulatory alerts for V Guard Industries Limited
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MSME Payment Delays by V Guard Industries Limited
MSME payment history for V Guard Industries Limited
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Subsidiaries & Group Companies of V Guard Industries Limited
Corporate group structure for V Guard Industries Limited
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MCA Filings & Documents of V Guard Industries Limited
MCA filings and documents for V Guard Industries Limited
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Recent Activity on V Guard Industries Limited
Recent News on V Guard Industries Limited
Frequently Asked Questions about V Guard Industries Limited
V Guard Industries Limited is an active public limited company in the consumer electronics and durables sector based in Kochi, Kerala, India. It was incorporated on 12 February 1996 (30+ years old) and is registered under CIN L31200KL1996PLC010010. Listed on BSE: 532953 and NSE: VGUARD. The company has 3,309 employees.
V Guard Industries Limited reported revenue of ₹5,965.78 Cr for FY 2026 (up 6.96% YoY) based on consolidated NSE filings.
The current directors of V Guard Industries Limited are:
- Ramachandran - Whole-Time Director
- Mithun Chittilappilly - Managing Director
- Radha Unni - Director
- George Muthoot Jacob - Director
- Biju Varkkey - Director
- Antony Sebastian Karathra - Whole-Time Director
- Ishwar Subramanian - Director
- Reenaa Mithun Chittilappilly - Director
- Usha Sunny - Additional Director
The primary industry of V Guard Industries Limited is consumer electronics and durables. The company specifically operates in electronics manufacturing. The company is currently active in this sector.
Yes. V Guard Industries Limited is listed on both BSE (code: 532953) and NSE (symbol: VGUARD).
V Guard Industries Limited can be reached at the registered office: 42962 Vennala High School Road Vennala, Kochi, Kerala, India – 682028, or through the website vguard.in.