About V Guard Industries Limited
Data last updated:
V Guard Industries Limited is a public limited company based in Kochi, Kerala, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 12 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN L31200KL1996PLC010010. Its GSTIN is 32AAACV5492Q1ZR (Kerala). The company holds 33 GST registrations, of which 26 are active. Its shares are listed on BSE: 532953 and NSE: VGUARD.
The company has an authorised share capital of ₹191.5 Cr and a paid-up capital of ₹43.69 Cr. It was formerly known as V Guard Industries Private Limited. It is led by directors including Mithun Chittilappilly (Managing Director) and Ramachandran (Whole-Time Director).
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 42/962 Vennala High School Road Vennala, Kochi, Kerala, India – 682028.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹5,965.78 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹321.7 Cr (net margin 5.4%) and EBITDA of ₹504.65 Cr (EBITDA margin 8.5%). The net worth stands at ₹2,373.05 Cr (up 13.1% YoY). Total assets are valued at ₹2,559.2 Cr (up 13.7% YoY).
The company has about 3,309 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: V-Guard Industries and Ondo Finance. As per MCA filings, the company has open charges of ₹362 Cr and satisfied charges of ₹412.83 Cr on record. Court records list 423 cases involving the company, including 366 filed by the company and 41 filed against it; 151 cases are pending. The company has 40 deals on record (37 market trades, 2 secondary share transfers, 1 ipo); the latest was in August 2025. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Schneider Electric IT Business India Private Limited with revenue of ₹7,471.46 Cr. The company has 19 MSME Form 1 returns on record between 2017 and 2024, listing 195 overdue payments to 81 micro and small suppliers.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address42/962 Vennala High School Road Vennala, Kochi, Kerala, India – 682028
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of V Guard Industries Limited
The main business activities of V Guard Industries are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and wholesale trading. 2 activity segments are registered with the MCA.
| 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
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of V Guard Industries Limited FY 2025-26 filings available
V Guard Industries Limited reported revenue of ₹5,965.78 Cr (up 7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,966 | 5,578 | 4,857 | 4,127 | 3,500 | 2,721 | 2,503 |
| Revenue growth | +7.0% | +14.9% | +17.7% | +17.9% | +28.6% | +8.7% | - |
| EBITDA | 505 | 513 | 427 | 320 | 340 | 312 | 258 |
| EBITDA margin | +8.5% | +9.2% | +8.8% | +7.8% | +9.7% | +11.5% | +10.3% |
| Profit before tax | 408 | 414 | 340 | 256 | 294 | 288 | 250 |
| Net profit | 322 | 308 | 257 | 185 | 228 | 201 | 188 |
| Net profit margin | +5.4% | +5.5% | +5.3% | +4.5% | +6.5% | +7.4% | +7.5% |
| EPS (₹) | 7.06 | 7.20 | 5.93 | 4.38 | 5.28 | 4.67 | 4.37 |
| Balance sheet | |||||||
| Total assets | 2,559 | 2,251 | 2,232 | 2,150 | 1,500 | 1,302 | 1,059 |
| Net worth | 2,373 | 2,098 | 1,814 | 1,608 | 1,407 | 1,211 | 995 |
| Total debt | 165 | 134 | 401 | 503 | 68.35 | 69.27 | 12.77 |
| Cash & bank | 59.30 | 64.50 | 57.37 | 66.87 | 61.27 | 281 | 112 |
| Net working capital | 729 | 755 | 779 | 852 | 923 | 828 | 628 |
| Cash flow | |||||||
| Cash from operations | 459 | 477 | 393 | 424 | (36.82) | 222 | 141 |
| Cash from investing | (364) | (96.92) | (153) | (771) | (121) | 40.92 | (112) |
| Cash from financing | (97.67) | (378) | (232) | 326 | (62.32) | (5.74) | (91.46) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,811 | 1,755 | 1,404 | 1,341 | 1,466 | 1,538 | 1,269 | 1,294 |
| Revenue growth (YoY) | +23.5% | +14.1% | +10.6% | +3.6% | -0.8% | - | - | - |
| Other income | 11.68 | 7.62 | 5.73 | 4.91 | 5.25 | 4.50 | 5.43 | 4.05 |
| EBITDA | 191 | 171 | 101 | 109 | 124 | 143 | 104 | 110 |
| EBITDA margin | +10.5% | +9.7% | +7.2% | +8.1% | +8.4% | +9.3% | +8.2% | +8.5% |
| Depreciation | 27.66 | 28.10 | 26.52 | 26.96 | 26.31 | 26.78 | 25.04 | 22.11 |
| Interest | 3.11 | 3.01 | 2.97 | 2.13 | 4.27 | 2.55 | 5.79 | 7.58 |
| Profit before tax | 172 | 147 | 77.32 | 85.08 | 98.26 | 118 | 78.74 | 84.62 |
| Tax | 41.62 | 35.09 | 20.26 | 19.79 | 24.41 | 27.09 | 18.52 | 21.23 |
| Net profit | 130 | 112 | 57.06 | 65.29 | 73.85 | 91.13 | 60.22 | 63.39 |
| EPS (₹) | 2.96 | 2.55 | 1.30 | 1.48 | 1.68 | 2.07 | 1.37 | 1.44 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,692 | 5,309 | 4,559 | 4,051 | 3,477 | 2,699 | 2,482 |
| Revenue growth | +7.2% | +16.4% | +12.6% | +16.5% | +28.8% | +8.7% | - |
| EBITDA | 397 | 422 | 354 | 301 | 334 | 306 | 253 |
| EBITDA margin | +7.0% | +8.0% | +7.8% | +7.4% | +9.6% | +11.4% | +10.2% |
| Profit before tax | 344 | 348 | 301 | 241 | 290 | 285 | 245 |
| Net profit | 272 | 253 | 230 | 179 | 227 | 199 | 186 |
| Net profit margin | +4.8% | +4.8% | +5.0% | +4.4% | +6.5% | +7.4% | +7.5% |
| EPS (₹) | 5.94 | 5.97 | 5.32 | 4.15 | 5.26 | 4.63 | 4.32 |
| Balance sheet | |||||||
| Total assets | 2,307 | 2,092 | 2,139 | 2,128 | 1,487 | 1,290 | 1,050 |
| Net worth | 2,225 | 1,998 | 1,768 | 1,588 | 1,402 | 1,208 | 994 |
| Total debt | 64.36 | 76.73 | 356 | 501 | 66.35 | 66.25 | 10.00 |
| Cash & bank | 32.02 | 30.49 | 35.63 | 24.10 | 53.88 | 281 | 112 |
| Net working capital | 550 | 593 | 674 | 746 | 908 | 824 | 628 |
| Cash flow | |||||||
| Cash from operations | 388 | 444 | 350 | 416 | (32.90) | 222 | 139 |
| Cash from investing | (299) | (77.25) | (107) | (774) | (133) | 41.21 | (110) |
| Cash from financing | (88.02) | (372) | (232) | 328 | (60.89) | (5.65) | (89.80) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,737 | 1,687 | 1,326 | 1,272 | 1,406 | 1,480 | 1,185 | 1,229 |
| Revenue growth (YoY) | +23.5% | +14.0% | +11.9% | +3.5% | -0.6% | - | - | - |
| Other income | 11.16 | 7.25 | 5.37 | 18.63 | 4.87 | 3.23 | 5.41 | 3.70 |
| Total expenses | 1,582 | 1,544 | 1,251 | 1,187 | 1,313 | 1,359 | 1,102 | 1,138 |
| EBITDA | 155 | 143 | 74.71 | 85.34 | 93.86 | 121 | 82.80 | 91.03 |
| EBITDA margin | +8.9% | +8.5% | +5.6% | +6.7% | +6.7% | +8.2% | +7.0% | +7.4% |
| Depreciation | 20.91 | 21.04 | 20.25 | 20.57 | 20.20 | 20.47 | 19.65 | 17.01 |
| Interest | 1.59 | 1.43 | 1.68 | 0.85 | 2.97 | 1.28 | 4.58 | 6.51 |
| Profit before tax | 144 | 128 | 58.15 | 82.55 | 75.56 | 102 | 63.98 | 71.21 |
| Tax | 35.93 | 32.26 | 15.81 | 16.58 | 19.85 | 24.22 | 15.89 | 19.02 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,811 | 1,755 | 1,404 | 1,341 | 1,466 | 1,538 | 1,269 | 1,294 |
| Revenue growth (YoY) | +23.5% | +14.1% | +10.6% | +3.6% | -0.8% | - | - | - |
| Other income | 11.68 | 7.62 | 5.73 | 4.91 | 5.25 | 4.50 | 5.43 | 4.05 |
| EBITDA | 191 | 171 | 101 | 109 | 124 | 143 | 104 | 110 |
| EBITDA margin | +10.5% | +9.7% | +7.2% | +8.1% | +8.4% | +9.3% | +8.2% | +8.5% |
| Depreciation | 27.66 | 28.10 | 26.52 | 26.96 | 26.31 | 26.78 | 25.04 | 22.11 |
| Interest | 3.11 | 3.01 | 2.97 | 2.13 | 4.27 | 2.55 | 5.79 | 7.58 |
| Profit before tax | 172 | 147 | 77.32 | 85.08 | 98.26 | 118 | 78.74 | 84.62 |
| Tax | 41.62 | 35.09 | 20.26 | 19.79 | 24.41 | 27.09 | 18.52 | 21.23 |
| Net profit | 130 | 112 | 57.06 | 65.29 | 73.85 | 91.13 | 60.22 | 63.39 |
| EPS (₹) | 2.96 | 2.55 | 1.30 | 1.48 | 1.68 | 2.07 | 1.37 | 1.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,966 | 5,578 | 4,857 | 4,127 | 3,500 | 2,721 | 2,503 |
| Revenue growth | +7.0% | +14.9% | +17.7% | +17.9% | +28.6% | +8.7% | - |
| Other income | 23.51 | 20.89 | 34.03 | 16.23 | 10.76 | 20.73 | 25.13 |
| Total expenses | 5,461 | 5,065 | 4,430 | 3,807 | 3,160 | 2,409 | 2,245 |
| Employee cost | 536 | 519 | 403 | 303 | 270 | 227 | 209 |
| EBITDA | 505 | 513 | 427 | 320 | 340 | 312 | 258 |
| EBITDA margin | +8.5% | +9.2% | +8.8% | +7.8% | +9.7% | +11.5% | +10.3% |
| Depreciation | 108 | 95.66 | 80.88 | 64.42 | 49.15 | 38.63 | 29.38 |
| Interest | 12.38 | 24.51 | 39.54 | 16.19 | 7.88 | 6.10 | 4.16 |
| Profit before tax | 408 | 414 | 340 | 256 | 294 | 288 | 250 |
| Tax | 99.55 | 100 | 82.74 | 66.69 | 65.53 | 86.21 | 61.33 |
| Net profit | 322 | 308 | 257 | 185 | 228 | 201 | 188 |
| Net profit margin | +5.4% | +5.5% | +5.3% | +4.5% | +6.5% | +7.4% | +7.5% |
| EPS (₹) | 7.06 | 7.20 | 5.93 | 4.38 | 5.28 | 4.67 | 4.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 43.68 | 43.58 | 43.44 | 43.22 | 43.15 | 43.02 | 42.83 |
| Reserves & surplus | 2,329 | 2,054 | 1,771 | 1,564 | 1,364 | 1,168 | 953 |
| Shareholders' funds (net worth) | 2,373 | 2,098 | 1,814 | 1,608 | 1,407 | 1,211 | 995 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 5.47 | 4.71 | 3.63 |
| Secured loans | 0.00 | 0.00 | 274 | 273 | 1.79 | 3.01 | 2.77 |
| Unsecured loans | 165 | 134 | 127 | 230 | 66.56 | 66.26 | 10.00 |
| Total debt | 165 | 134 | 401 | 503 | 68.35 | 69.27 | 12.77 |
| Total liabilities | 2,559 | 2,251 | 2,232 | 2,150 | 1,500 | 1,302 | 1,059 |
| Assets | |||||||
| Gross block | 1,989 | 1,757 | 1,635 | 1,479 | 636 | 486 | 364 |
| Net block | 1,524 | 1,374 | 1,334 | 1,247 | 463 | 370 | 284 |
| Capital work in progress | 21.03 | 49.12 | 37.12 | 27.35 | 16.99 | 19.55 | 66.87 |
| Investments | 276 | 80.74 | 101 | 33.52 | 33.40 | 33.40 | 36.00 |
| Inventories | 1,024 | 997 | 812 | 767 | 860 | 632 | 479 |
| Sundry debtors | 533 | 542 | 596 | 557 | 484 | 388 | 324 |
| Cash & bank balances | 59.30 | 64.50 | 57.37 | 66.87 | 61.27 | 281 | 112 |
| Loans & advances | 168 | 138 | 142 | 114 | 125 | 100 | 110 |
| Total current assets | 1,784 | 1,742 | 1,607 | 1,505 | 1,530 | 1,401 | 1,024 |
| Total current liabilities | 1,055 | 988 | 828 | 653 | 607 | 573 | 396 |
| Net working capital | 729 | 755 | 779 | 852 | 923 | 828 | 628 |
| Total assets | 2,559 | 2,251 | 2,232 | 2,150 | 1,500 | 1,302 | 1,059 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 49.98 | 47.45 | 39.54 | 60.80 | 281 | 23.43 | 85.31 |
| Net cash from operating activities | 459 | 477 | 393 | 424 | (36.82) | 222 | 141 |
| Net cash from investing activities | (364) | (96.92) | (153) | (771) | (121) | 40.92 | (112) |
| Net cash from financing activities | (97.67) | (378) | (232) | 326 | (62.32) | (5.74) | (91.46) |
| Net change in cash | (3.06) | 2.53 | 7.91 | (21.26) | (220) | 257 | (61.88) |
| Closing cash | 59.30 | 64.50 | 57.37 | 66.87 | 61.27 | 281 | 112 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.0% | +14.9% | +17.7% | +17.9% | +28.6% | +8.7% | - |
| EBITDA growth | -1.7% | +20.3% | +33.3% | -5.9% | +9.0% | +21.0% | - |
| PBT growth | -1.5% | +21.6% | +33.1% | -13.0% | +2.0% | +15.4% | +13.7% |
| Net income growth | +4.6% | +19.8% | +38.7% | -18.8% | +13.5% | +7.1% | - |
| Revenue CAGR (3Y) | +13.1% | +16.8% | +21.3% | +18.1% | +10.5% | +5.4% | +6.3% |
| EBITDA CAGR (3Y) | +16.4% | +14.7% | +11.0% | +7.5% | +14.9% | +17.9% | +7.3% |
| Profitability & leverage | |||||||
| Net income margin | +5.2% | +5.6% | +5.3% | +4.6% | +6.5% | +7.4% | +7.5% |
| Return on capital employed | +17.5% | +19.6% | +17.3% | +14.9% | +21.6% | +25.0% | +25.6% |
| Return on net worth | +13.8% | +16.0% | +15.1% | +12.5% | +17.5% | +18.3% | +19.9% |
| Debt / equity | 0.07 | 0.14 | 0.26 | 0.19 | 0.05 | 0.04 | 0.01 |
| Long-term debt / equity | 0.05 | 0.08 | 0.17 | 0.13 | 0.04 | 0.02 | 0.00 |
| Interest cover | 3.12 | 5.87 | 11.43 | 6.33 | 2.71 | 2.23 | 1.82 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.19 | 3.29 | 3.12 | 3.90 | 6.24 | 6.40 | 7.73 |
| Inventory turnover | 5.90 | 6.17 | 6.15 | 5.07 | 4.69 | 4.90 | 5.85 |
| Debtors turnover | 11.10 | 9.80 | 8.43 | 7.93 | 8.03 | 7.64 | 6.39 |
| EPS (₹) | 7.06 | 7.20 | 5.93 | 4.38 | 5.28 | 4.67 | 4.37 |
| Dividend per share (₹) | 1.50 | 1.50 | 1.40 | 1.30 | 1.30 | 1.20 | 0.90 |
| Book value per share (₹) | 54.33 | 48.14 | 41.76 | 37.20 | 32.60 | 28.16 | 23.24 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,737 | 1,687 | 1,326 | 1,272 | 1,406 | 1,480 | 1,185 | 1,229 |
| Revenue growth (YoY) | +23.5% | +14.0% | +11.9% | +3.5% | -0.6% | - | - | - |
| Other income | 11.16 | 7.25 | 5.37 | 18.63 | 4.87 | 3.23 | 5.41 | 3.70 |
| Total expenses | 1,582 | 1,544 | 1,251 | 1,187 | 1,313 | 1,359 | 1,102 | 1,138 |
| EBITDA | 155 | 143 | 74.71 | 85.34 | 93.86 | 121 | 82.80 | 91.03 |
| EBITDA margin | +8.9% | +8.5% | +5.6% | +6.7% | +6.7% | +8.2% | +7.0% | +7.4% |
| Depreciation | 20.91 | 21.04 | 20.25 | 20.57 | 20.20 | 20.47 | 19.65 | 17.01 |
| Interest | 1.59 | 1.43 | 1.68 | 0.85 | 2.97 | 1.28 | 4.58 | 6.51 |
| Profit before tax | 144 | 128 | 58.15 | 82.55 | 75.56 | 102 | 63.98 | 71.21 |
| Tax | 35.93 | 32.26 | 15.81 | 16.58 | 19.85 | 24.22 | 15.89 | 19.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,692 | 5,309 | 4,559 | 4,051 | 3,477 | 2,699 | 2,482 |
| Revenue growth | +7.2% | +16.4% | +12.6% | +16.5% | +28.8% | +8.7% | - |
| Other income | 36.12 | 18.86 | 51.84 | 14.76 | 10.92 | 21.10 | 23.99 |
| Total expenses | 5,295 | 4,886 | 4,206 | 3,750 | 3,143 | 2,393 | 2,229 |
| Employee cost | 494 | 479 | 377 | 295 | 267 | 225 | 207 |
| EBITDA | 397 | 422 | 354 | 301 | 334 | 306 | 253 |
| EBITDA margin | +7.0% | +8.0% | +7.8% | +7.4% | +9.6% | +11.4% | +10.2% |
| Depreciation | 82.06 | 73.68 | 66.95 | 58.44 | 47.50 | 37.32 | 28.09 |
| Interest | 6.93 | 19.92 | 37.46 | 15.92 | 7.52 | 5.60 | 3.73 |
| Profit before tax | 344 | 348 | 301 | 241 | 290 | 285 | 245 |
| Tax | 84.50 | 87.51 | 70.14 | 62.05 | 63.25 | 85.69 | 60.28 |
| Net profit | 272 | 253 | 230 | 179 | 227 | 199 | 186 |
| Net profit margin | +4.8% | +4.8% | +5.0% | +4.4% | +6.5% | +7.4% | +7.5% |
| EPS (₹) | 5.94 | 5.97 | 5.32 | 4.15 | 5.26 | 4.63 | 4.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 43.68 | 43.58 | 43.44 | 43.22 | 43.15 | 43.02 | 42.83 |
| Reserves & surplus | 2,181 | 1,955 | 1,725 | 1,545 | 1,359 | 1,165 | 951 |
| Shareholders' funds (net worth) | 2,225 | 1,998 | 1,768 | 1,588 | 1,402 | 1,208 | 994 |
| Secured loans | 0.00 | 0.00 | 274 | 273 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 64.36 | 76.73 | 81.75 | 228 | 66.35 | 66.25 | 10.00 |
| Total debt | 64.36 | 76.73 | 356 | 501 | 66.35 | 66.25 | 10.00 |
| Total liabilities | 2,307 | 2,092 | 2,139 | 2,128 | 1,487 | 1,290 | 1,050 |
| Assets | |||||||
| Gross block | 965 | 803 | 711 | 667 | 567 | 466 | 344 |
| Net block | 571 | 465 | 435 | 447 | 400 | 354 | 268 |
| Capital work in progress | 8.69 | 48.67 | 36.25 | 15.82 | 16.48 | 19.55 | 66.87 |
| Investments | 1,094 | 899 | 919 | 851 | 102 | 42.25 | 44.85 |
| Inventories | 832 | 865 | 709 | 689 | 850 | 629 | 476 |
| Sundry debtors | 511 | 514 | 554 | 520 | 479 | 385 | 322 |
| Cash & bank balances | 32.02 | 30.49 | 35.63 | 24.10 | 53.88 | 281 | 112 |
| Loans & advances | 157 | 131 | 122 | 99.71 | 120 | 99.19 | 108 |
| Total current assets | 1,532 | 1,540 | 1,421 | 1,333 | 1,503 | 1,394 | 1,018 |
| Total current liabilities | 982 | 947 | 747 | 587 | 595 | 570 | 390 |
| Net working capital | 550 | 593 | 674 | 746 | 908 | 824 | 628 |
| Total assets | 2,307 | 2,092 | 2,139 | 2,128 | 1,487 | 1,290 | 1,050 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 30.07 | 35.07 | 23.65 | 53.45 | 281 | 23.41 | 84.27 |
| Net cash from operating activities | 388 | 444 | 350 | 416 | (32.90) | 222 | 139 |
| Net cash from investing activities | (299) | (77.25) | (107) | (774) | (133) | 41.21 | (110) |
| Net cash from financing activities | (88.02) | (372) | (232) | 328 | (60.89) | (5.65) | (89.80) |
| Net change in cash | 1.56 | (5.00) | 11.42 | (29.80) | (227) | 257 | (60.86) |
| Closing cash | 32.02 | 30.49 | 35.63 | 24.10 | 53.88 | 281 | 112 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.2% | +16.4% | +12.6% | +16.5% | +28.8% | +8.7% | - |
| EBITDA growth | -6.1% | +19.5% | +17.5% | -9.9% | +9.0% | +21.0% | - |
| PBT growth | -1.1% | +15.5% | +24.7% | -16.8% | +1.9% | +16.0% | +14.4% |
| Net income growth | +7.5% | +9.9% | +28.2% | -21.1% | +14.1% | +7.3% | - |
| Revenue CAGR (3Y) | +12.0% | +15.2% | +19.1% | +17.7% | +10.7% | +5.3% | +6.0% |
| EBITDA CAGR (3Y) | +9.7% | +8.1% | +4.9% | +5.9% | +15.1% | +17.9% | +6.7% |
| Profitability & leverage | |||||||
| Net income margin | +4.6% | +4.9% | +5.1% | +4.4% | +6.5% | +7.4% | +7.5% |
| Return on capital employed | +16.0% | +17.4% | +15.9% | +14.2% | +21.4% | +24.8% | +25.2% |
| Return on net worth | +12.3% | +13.8% | +13.8% | +12.0% | +17.4% | +18.1% | +19.6% |
| Debt / equity | 0.03 | 0.11 | 0.26 | 0.19 | 0.05 | 0.03 | 0.01 |
| Long-term debt / equity | 0.02 | 0.06 | 0.16 | 0.13 | 0.04 | 0.02 | 0.00 |
| Interest cover | 2.20 | 5.71 | 13.07 | 6.56 | 2.62 | 2.08 | 1.66 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.44 | 7.01 | 6.62 | 6.57 | 6.73 | 6.66 | 8.15 |
| Inventory turnover | 6.71 | 6.74 | 6.52 | 5.26 | 4.70 | 4.88 | 5.86 |
| Debtors turnover | 11.11 | 9.95 | 8.50 | 8.11 | 8.05 | 7.64 | 6.29 |
| EPS (₹) | 5.94 | 5.97 | 5.32 | 4.15 | 5.26 | 4.63 | 4.32 |
| Dividend per share (₹) | 1.50 | 1.50 | 1.40 | 1.30 | 1.30 | 1.20 | 0.90 |
| Book value per share (₹) | 50.93 | 45.85 | 40.70 | 36.74 | 32.50 | 28.08 | 23.20 |
Peer Comparison of V Guard Industries Limited
V Guard Industries Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Schneider Electric IT Business India Private Limited | ₹7,471.46 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Bangalore, Karnataka, India |
| Surya Roshni Limited Listed | ₹7,465.55 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Bahadurgarh, Haryana, India |
| Ismartu India Private Limited | ₹6,820.51 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Noida, Uttar Pradesh, India |
| Premier Energies Limited | ₹6,652.09 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Hyderabad, Telangana, India |
| Bhagwati Products Limited | ₹6,204.44 Cr (FY 2025) | •••• | •••• | 823.0% | •••• | New Delhi, Delhi, India |
| V Guard Industries Limited this company | ₹5,965.78 Cr (FY 2026) | •••• | •••• | 7.0% | •••• | Kochi, Kerala, India |
| Luminous Power Technologies Private Limited | ₹5,512.47 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | New Delhi, Delhi, India |
| Aptiv Components India Private Limited | ₹5,006.88 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Sunwoda Electronic India Private Limited | ₹4,739.36 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Noida, Uttar Pradesh, India |
| Flextronics Technologies (India) Private Limited | ₹4,631.27 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Sandavellure C Village, Tamil Nadu, India |
| 3M India Limited Listed | ₹4,515.82 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below V Guard Industries by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of V Guard Industries Limited
V Guard Industries Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of V Guard Industries Limited
V Guard Industries has 9 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramachandran Also directs: Sunflame Enterprises Private Limited, V-Guard Consumer Products Limited, V-Guard Foundation and 1 more | Whole-Time Director | 23 Jul 2013 | 13 Years 2 Months | Current |
| Mithun Chittilappilly Also directs: Sunflame Enterprises Private Limited, V-Guard Consumer Products Limited, V-Guard Foundation and 1 more | Managing Director | 01 Apr 2012 | 14 Years 6 Months | Current |
| Radha Unni | Director | 27 Sep 2018 | 8 Years 0 Months | Current |
| George Muthoot Jacob Also directs: Muthoot Finance Limited, Vatul Plantations Private Limited, Green Guardians Organic Farms and Exports Private Limited and 5 more | Director | 05 Oct 2020 | 6 Years 0 Months | Current |
| Biju Varkkey | Director | 26 May 2021 | 5 Years 4 Months | Current |
| Antony Sebastian Karathra | Whole-Time Director | 30 May 2023 | 3 Years 4 Months | Current |
Shareholding Pattern of V Guard Industries Limited
Shareholding for the quarter ended Sep 2026: promoters hold 53.20%, foreign institutional investors hold 12.00%, domestic institutional investors hold 23.20% and retail and other public shareholders hold 11.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 53.20% | 53.20% | 53.30% | 53.30% |
| Public | 46.80% | 46.80% | 46.70% | 46.70% |
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
Deals & Funding of V Guard Industries Limited
V Guard Industries Limited has 40 deals on record (37 market trades, 2 secondary share transfers, 1 ipo); the latest was in August 2025.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2012 | Market trade | ₹12.55 Cr | Buyer: Crosseas Capital Markets Private Limited Seller: Crosseas Capital Markets Private Limited |
| Aug 2012 | Market trade | ₹6.27 Cr | Buyer: Crosseas Capital Markets Private Limited Seller: Crosseas Capital Markets Private Limited |
| Apr 2008 | Market trade | ₹3.84 Cr | Buyer: Shri Brij Securities Private Limited , Adroit Financial Services Private Limited , an individual Seller: Shri Brij Securities Private Limited , Adroit Financial Services Private Limited , an individual |
| Mar 2008 | Market trade | ₹50.42 Cr | Buyer: Matrix Equitrade Private Limited , Transglobal Securities Ltd, Chimanlal Maneklal Sec.Pvt.Ltd, an individual Seller: Matrix Equitrade Private Limited , Transglobal Securities Ltd, Chimanlal Maneklal Sec.Pvt.Ltd, an individual |
| Mar 2008 | Market trade | ₹29.18 Cr | Buyer: Transglobal Securities Ltd., 3 individuals Seller: Transglobal Securities Ltd., 3 individuals |
Full deal history
All 40 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of V Guard Industries Limited
V Guard Industries Limited has 423 court cases on record: 366 filed by V Guard Industries, 41 filed against it, 16 where it is another party. 151 cases are pending and 272 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 327 | 27 | 129 |
| High courts | 96 | 14 | 22 |
Cases on record (5 of 423)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed by the company against Kangaro Industries Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against Skybyz Exim Private Limited | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Luker Electric Technologies Private Limited | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against Satyamansu Overseas Private Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against Ariens Netcom Solution Private Limited | Pending |
Full case history
All 423 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by V Guard Industries Limited
V Guard Industries Limited has 19 MSME Form 1 returns on record between 2017 and 2024, listing 195 overdue payments to 81 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 81)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Securipax Packaging Private Limited | •••• | •••• | •••• |
| Faclon Labs Private Limited | •••• | •••• | •••• |
| Platino Automotive Private Limited | •••• | •••• | •••• |
| Inflame Appliances Limited | •••• | •••• | •••• |
| Pentagon Plastics Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 19 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with V Guard Industries Limited
V Guard Industries operates two associated brands: V-Guard Industries and Ondo Finance. Each brand links to its own profile.
| 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 |
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
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of V Guard Industries Limited
V Guard Industries has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| 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.
CIN History of V Guard Industries Limited
V Guard Industries 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 |
Recent Activity on V Guard Industries Limited
V Guard Industries Limited has 39 board changes on record since 1996: 25 appointments and 14 cessations. The latest: Usha Sunny was appointed as Additional Director on 12 May 2026.
91 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for V Guard Industries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of V Guard Industries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of V Guard Industries Limited
V Guard Industries has 33 GST registrations: 26 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACV5492Q1ZR | Kerala | Active | 01 Jul 2017 |
| 32AAACV5492Q2ZQ | Kerala | Active | 08 Jul 2017 |
| 02AAACV5492Q1ZU | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACV5492Q1ZS | Punjab | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of V Guard Industries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about V Guard Industries Limited
Frequently Asked Questions about V Guard Industries Limited
V Guard Industries is an active public limited company based in Kochi, Kerala, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 12 February 1996 (30+ years old) and is registered under CIN L31200KL1996PLC010010. Listed on BSE: 532953 and NSE: VGUARD.
V Guard Industries reported revenue of ₹5,965.78 Cr for FY 2025-26 (up 7% YoY) based on consolidated financials.
V Guard Industries has 9 current directors:
- Mithun Chittilappilly - Managing Director
- Ramachandran - Whole-Time Director
- Antony Sebastian Karathra - Whole-Time Director
- Radha Unni - Director
- George Muthoot Jacob - Director
- Biju Varkkey - Director
- Ishwar Subramanian - Director
- Reenaa Mithun Chittilappilly - Director
- Usha Sunny - Additional Director
The GSTIN of V Guard Industries is 32AAACV5492Q1ZR, registered in Kerala. The company has 33 GST registrations in all, of which 26 are active and 7 are cancelled or inactive. Other active GSTINs include 32AAACV5492Q2ZQ (Kerala), 02AAACV5492Q1ZU (Himachal Pradesh), 03AAACV5492Q1ZS (Punjab).
The CIN (Corporate Identification Number) of V Guard Industries is L31200KL1996PLC010010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. V Guard Industries is listed on both BSE (code: 532953) and NSE (symbol: VGUARD).
V Guard Industries has 423 court cases on record: 366 filed by the company and 41 filed against it. 151 are pending. Most are in the district courts.
V Guard Industries was incorporated on 12 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ernakulam.
V Guard Industries has 40 deals on record (37 market trades, 2 secondary share transfers, 1 ipo); the latest was in August 2025.
The peers of V Guard Industries by revenue are Schneider Electric IT Business India Private Limited, Surya Roshni Limited, Ismartu India Private Limited, Premier Energies Limited, Bhagwati Products Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Usha Sunny was appointed as Additional Director on 12 May 2026. Reenaa Mithun Chittilappilly was appointed as Director on 28 Jan 2026. Chenayappillil John George ceased to be Director on 28 Jul 2024. V Guard Industries has 39 board changes on record in total.
V Guard Industries has 19 MSME Form 1 returns on record between 2017 and 2024, listing 195 overdue payments to 81 micro and small suppliers. The latest return was filed on 19 Apr 2024.