V-Guard Industries Ltd Share Price ₹299

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of V-Guard Industries Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	1,081	1,148	1,072	1,078	1,262	1,415	1,229	1,185	1,480	1,406	1,272	1,326	1,687
Expenses +	994	1,059	992	993	1,162	1,287	1,138	1,102	1,359	1,313	1,187	1,230	1,544
Operating Profit	86	88	80	85	100	128	91	83	121	94	85	96	143
OPM %	8%	8%	7%	8%	8%	9%	7%	7%	8%	7%	7%	7%	8%
Other Income +	2	11	14	2	25	7	4	5	3	5	19	-16	7
Interest	10	11	9	9	9	8	7	5	1	3	1	2	1
Depreciation	16	17	16	17	17	17	17	20	20	20	21	20	21
Profit before tax	62	72	68	62	99	110	71	64	102	76	83	58	128
Tax %	25%	26%	24%	24%	20%	26%	27%	25%	24%	26%	20%	27%	25%
Net Profit +	46	53	52	47	79	82	52	48	78	56	66	42	95
EPS in Rs	1.07	1.23	1.20	1.07	1.82	1.88	1.20	1.10	1.79	1.28	1.51	0.97	2.18

Financials of V-Guard Industries Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	1,731	1,845	2,086	2,312	2,566	2,482	2,699	3,477	4,051	4,559	5,309	5,692
Expenses +	1,598	1,667	1,876	2,124	2,347	2,228	2,392	3,142	3,750	4,205	4,886	5,274
Operating Profit	133	178	210	188	220	254	307	335	301	354	422	418
OPM %	8%	10%	10%	8%	9%	10%	11%	10%	7%	8%	8%	7%
Other Income +	4	7	12	10	18	23	21	10	15	51	19	15
Interest	21	9	2	2	1	4	6	8	16	37	20	7
Depreciation	15	15	16	19	22	28	37	48	58	67	74	82
Profit before tax	101	161	204	177	215	245	285	290	241	301	348	344
Tax %	30%	31%	29%	25%	23%	25%	30%	22%	26%	23%	25%	25%
Net Profit +	71	112	145	133	166	185	199	227	179	231	260	259
EPS in Rs	1.68	2.65	3.41	3.13	3.88	4.32	4.63	5.26	4.15	5.32	5.97	5.94
Dividend Payout %	19%	19%	21%	22%	21%	21%	26%	25%	31%	26%	25%	25%

Financials of V-Guard Industries Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	30	30	42	43	43	43	43	43	43	43	44	44
Reserves	348	441	592	709	857	951	1,165	1,359	1,545	1,725	1,955	2,181
Borrowings +	68	10	6	2	10	10	66	66	501	356	77	64
Other Liabilities +	279	235	294	401	447	437	586	613	626	762	964	1,001
Total Liabilities	725	717	934	1,155	1,356	1,440	1,860	2,082	2,715	2,886	3,039	3,290
Fixed Assets +	162	161	169	201	214	268	354	400	447	435	465	572
CWIP	1	0	10	7	8	67	20	16	16	36	49	8
Investments	0	19	89	84	92	45	42	102	851	919	899	1,094
Other Assets +	561	536	666	862	1,043	1,061	1,444	1,564	1,401	1,496	1,626	1,616
Total Assets	725	717	934	1,155	1,356	1,440	1,860	2,082	2,715	2,886	3,039	3,290

Financials of V-Guard Industries Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	89	131	130	54	153	139	222	-33	416	350	444	388
Cash from Investing Activity +	-17	-32	-106	-27	-50	-110	41	-133	-774	-107	-77	-299
Cash from Financing Activity +	-72	-94	-16	-37	-24	-90	-6	-61	328	-232	-372	-88
Net Cash Flow	-1	5	8	-10	80	-61	257	-227	-30	11	-5	2
Free Cash Flow	77	117	88	13	102	55	157	-110	365	267	342	264
CFO/OP	90%	102%	93%	51%	94%	85%	96%	16%	153%	118%	127%	115%

Financials of V-Guard Industries Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	51	55	55	70	65	47	52	50	47	44	35	33
Inventory Days	74	57	68	70	75	105	124	129	87	83	88	79
Days Payable	55	42	54	74	72	66	93	68	55	56	65	65
Cash Conversion Cycle	70	70	68	66	68	86	83	111	79	71	59	47
Working Capital Days	51	58	58	69	67	74	71	88	50	37	37	43
ROCE %	28%	37%	37%	26%	26%	26%	26%	22%	14%	16%	17%	17%