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V-Guard Industries Limited (532953) Fair Value & Analysis

Consumer Goods · IN · Market cap ₹70.3B

VG V-Guard Industries Limited 532953 · BSE
Price₹343.45
Fair Value₹146.29
Upside-57.4%
Quality68/100
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Healthy Growth
Thin margins · 6.0% net margin
Low debt
0.99% dividend yield
Mixed vs. peers (5/12)
Narrow moat 42/100
Evidence: High Range ₹98.93 – ₹182.86 Share as image

Fair value as of: Aug 18, 2026

From 26 valuation models · updated today

Share price +14.9% over the past month.

A solid business, but screening 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹182.86). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹98.93 to ₹182.86) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹519.56 ₹178.89 Fair Value ₹146.29 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range ₹178.89 – ₹519.56 · fair‑value band ₹98.93 – ₹182.86 · the ₹343.45 price screens above the ₹146.29 fair value. Dashed = 300-day average. As of Aug 18, 2026.

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Analysis

V-Guard Industries Limited (532953) currently trades at ₹343.45, while our model-based Fair Value estimate is ₹146.29, implying the stock looks roughly 57.4% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, V-Guard Industries Limited generated revenue of ₹22.0B at a net margin of 6.0%. It earns a return on equity of 13.0%. The stock trades on a trailing P/E of 56.9 (as of Aug 18, 2026). Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹98.93 (bear case) to ₹182.86 (bull case); at ₹343.45, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Goods peers we cover trades at -55% fair-value upside, at -57%, 532953 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹112.39 ₹206.57 ₹373.09 80
Residual Income ₹48.85 ₹65.30 ₹194.23 76
Rev-Margin DCF ₹98.14 ₹174.80 ₹278.52 74
All 26 models by family
DCF Models
FCF DCF ₹114.52 ₹220.94 ₹417.91 38
Owner Earnings ₹92.98 ₹179.44 ₹338.83 31
5Y Revenue Exit ₹98.14 ₹177.40 ₹287.79 39
5Y EBITDA Exit ₹112.25 ₹207.77 ₹331.30 41
5Y P/E Exit ₹107.19 ₹196.89 ₹302.95 38
10Y Revenue Exit ₹99.43 ₹178.23 ₹305.36 36
10Y EBITDA Exit ₹112.19 ₹201.05 ₹343.35 37
10Y P/E Exit ₹108.77 ₹192.87 ₹318.59 35
Earnings-Based
Graham-Dodd ₹49.74 ₹265.47 ₹367.74 54
Lynch FV ₹73.27 ₹104.67 ₹136.07 50
PEG = 1.0 ₹73.27 ₹104.67 ₹136.07 46
EPV ₹80.86 ₹94.18 ₹105.84 59
Dividend Discount
Gordon GGM ₹13.07 ₹27.17 ₹43.11 70
DDM Multi-Stage ₹13.07 ₹22.91 ₹28.52 61
Multiples
P/E Multiple ₹109.71 ₹146.29 ₹182.86 63
P/S Multiple ₹93.26 ₹124.34 ₹155.43 58
P/B Multiple ₹93.26 ₹124.34 ₹155.43 55
EV/EBIT ₹133.53 ₹177.73 ₹221.93 53
EV/EBITDA ₹118.45 ₹157.62 ₹196.78 54
EV/Revenue ₹90.32 ₹128.62 ₹166.93 43
Asset-Based
NCAV (Graham) ₹24.46 ₹32.77 ₹48.91 50
Growth DCF
Growth DCF ₹112.39 ₹206.57 ₹373.09 80
Rev-Margin DCF ₹98.14 ₹174.80 ₹278.52 74
Economic Profit
Residual Income ₹48.85 ₹65.30 ₹194.23 76
ROIC Compounder ₹93.67 ₹130.29 ₹180.35 72
Growth Earnings
Growth-Adj P/E ₹105.44 ₹150.62 ₹195.81 68

Widest divergence: DCF Models (₹192.87) versus Dividend Discount (₹22.91). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹22.0B
Net margin 6.0%
Return on equity 13.0%
P/E ratio 56.9 as of Aug 18, 2026
Operating margin 7.6%
EPS (TTM) ₹3.02
More key figures
Dividend yield 1.0%
EPS growth (YoY) -11.9%

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 69 · Market factors (momentum, volatility) 52

Profitability 70
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

V-Guard Industries Limited, a consumer electrical company, manufactures, trades, and sells electric and electronic goods in India and internationally. It operates through Electronics, Electrical, and Consumer Durables segments.

Full company description

V-Guard Industries Limited, a consumer electrical company, manufactures, trades, and sells electric and electronic goods in India and internationally. It operates through Electronics, Electrical, and Consumer Durables segments. The company offers a range of products, including voltage stabilizers, UPS, inverters and inverter batteries, electric water heaters, solar water heaters, wiring cables, fans, mixer grinders, induction and gas cooktops, gas stoves, rice cookers, grill king, toasters, kettles, chimneys, domestic pumps, agricultural pumps, electric and industrial motors, domestic switch gears, distribution boards, modular switches, and industrial cables, as well as solar power systems, room heaters, and air coolers. It sells its products through distributors, dealers, retailers, and service centers. The company was founded in 1977 and is based in Kochi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

V-Guard Industries Limited reported revenue of ₹55.8B in FY2025 versus ₹27.2B in FY2021, a compound +19.7%/yr. Reported net income was ₹3.1B in FY2025, compounding +11.8%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹55.8B
Latest YoY
+14.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.4%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.6%
Revenue +19.7%/yr
FY21 ₹27.2B
FY22 ₹35.0B
FY23 ₹41.3B
FY24 ₹48.6B
FY25 ₹55.8B
Net income +11.8%/yr
FY21 ₹2.0B
FY22 ₹2.3B
FY23 ₹1.9B
FY24 ₹2.6B
FY25 ₹3.1B

532953 screens 57% overvalued. Compare with Calcom Vision Limited →

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Cite: Fair Value Calculator (2026). "V-Guard Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/532953

Peer Group

Consumer Goods · 9 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Electronic Equipment” was too small, so the broader sector is used.)

Quality Score 68 · Top 25%
Fair Value upside −57% · Below median
Return on equity (TTM) 13% · Above median
Return on assets 7% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth 0% · Bottom 25%
Dividend yield (TTM) 1.0% · Above median

Valuation Multiples vs Consumer Goods median · lower = cheaper

P/E (TTM) 56.9× · Pricier than 75% of peers
P/B 3.35× · Pricier than 75% of peers
P/S (TTM) 3.19× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 12
FUTURE 0 · sector 54
PAST 52 · sector 52
HEALTH 100 · sector 100
DIVIDEND 20 · sector 15

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
Calcom Vision Limited 517236 ₹75.82 ₹36.22 -52%
Godrej Consumer Products Limited 532424 ₹928.70 ₹329.76 -64%
Marico Limited 531642 ₹866.00 ₹200.14 -77%
Gillette India Limited 507815 ₹7,599 ₹1,674 -78%
Hatsun Agro Product Limited 531531 ₹972.35 ₹362.14 -63%
Sundram Fasteners Limited 500403 ₹1,210 ₹240.89 -80%
EPL Limited 500135 ₹247.30 ₹111.65 -55%
Finolex Industries Limited 500940 ₹161.30 ₹166.00 +3%
Jyothy Labs Limited 532926 ₹199.85 ₹147.46 -26%
E.I.D.- Parry (India) Limited 500125 ₹780.00 ₹1,042 +34%

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Frequently asked questions

Is V-Guard Industries Limited (532953) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ₹146.29 versus a price of ₹343.45, about −57% (overvalued).
What is the fair value of 532953?
Our model-based fair value for V-Guard Industries Limited is ₹146.29 (as of Aug 18, 2026), built from audited fundamentals. The current price is ₹343.45.
What is the quality score of 532953?
V-Guard Industries Limited has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of V-Guard Industries Limited (532953)?
V-Guard Industries Limited reported trailing-twelve-month revenue of about ₹22.0B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 532953?
The net profit margin of V-Guard Industries Limited is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does V-Guard Industries Limited pay a dividend?
V-Guard Industries Limited currently shows a dividend yield of about 0.99% relative to its recent price (as of Aug 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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