V-Guard Industries quarterly results and financials

V-Guard Industries (VGUARD)₹298.50+2.24%(9 Nov 2026 close)Household Appliances

Key facts

In the Sep 2026 quarter (consolidated), V-Guard Industries reported sales of ₹1,856 Cr, up 38.3% from Sep 2025, and net profit of ₹112 Cr, up 72.1% year on year. For the year to Mar 2026, sales were ₹5,974 Cr and net profit ₹308 Cr.

Sales (Sep 2026): ₹1,856 Cr
Net profit (Sep 2026): ₹112 Cr
Sales (FY Mar 2026): ₹5,974 Cr
Net profit (FY Mar 2026): ₹308 Cr
EPS (Sep 2026): ₹2.55
Borrowings (Mar 2026): ₹166 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

V-Guard Industries quarterly results

₹ crore unless stated; each column is a quarter.

V-Guard Industries Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,165	1,344	1,478	1,295	1,270	1,539	1,468	1,342	1,405	1,757	1,812	1,856
Expenses	1,062	1,214	1,320	1,183	1,164	1,393	1,341	1,230	1,279	1,582	1,617	1,682
Operating Profit	102	128	156	110	104	143	124	109	123	172	191	169
OPM %	9.0%	10.1%	11.1%	9.1%	8.1%	9.1%	8.1%	8.0%	9.0%	10.1%	11.1%	9.1%
Other Income	2.99	4.99	6.98	3.99	4.99	3.99	4.99	4.99	−15.96	7.98	11.96	13.97
Interest	9.02	10.02	9.02	8.01	6.01	3.01	4.01	2.01	3.01	3.01	3.01	3.01
Depreciation	19.04	22.05	22.05	22.05	25.08	27.07	26.06	27.07	27.06	28.08	28.09	29.09
Profit before tax	75.78	101	132	84.81	78.81	118	97.74	84.74	76.79	147	171	150
Tax %	23.9%	24.0%	24.9%	25.0%	24.0%	22.9%	25.0%	23.0%	26.0%	24.0%	24.0%	24.9%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−14.94	0.00	0.00	0.00
Net Profit	57.90	75.85	98.78	62.94	59.93	90.87	73.88	64.95	56.95	112	130	112
EPS (Rs)	1.33	1.74	2.27	1.45	1.37	2.08	1.68	1.49	1.30	2.56	2.97	2.55

V-Guard Industries profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

V-Guard Industries Profit and loss
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,086	2,327	2,595	2,503	2,723	3,501	4,132	4,861	5,580	5,974	6,830
Expenses	1,872	2,133	2,368	2,240	2,405	3,154	3,803	4,427	5,058	5,430	6,161
Operating Profit	211	191	226	260	313	342	321	430	516	529	655
OPM %	10.0%	8.1%	9.1%	10.0%	11.0%	10.1%	8.0%	9.1%	9.1%	9.1%	9.6%
Other Income	11.98	9.98	19.97	23.97	19.97	9.97	15.97	32.92	19.95	0.99	17.95
Interest	2.01	2.01	2.01	4.01	6.01	8.02	16.02	40.07	25.02	12.02	12.04
Depreciation	16.04	20.07	23.07	29.10	39.08	49.13	64.15	81.17	96.24	108	112
Profit before tax	204	180	219	249	287	293	255	339	413	407	545
Tax %	29.0%	25.0%	23.0%	25.0%	30.0%	22.0%	26.0%	24.0%	23.9%	24.0%	—
Exceptional items	0.00	−0.99	0.00	−0.99	0.00	−0.99	3.98	0.99	5.98	−12.95	−14.94
Net Profit	145	135	168	188	202	227	189	258	314	308	410
EPS (Rs)	3.40	3.14	3.91	4.36	4.66	5.27	4.37	5.92	7.19	7.05	9.38
Dividend payout %	20.9%	21.9%	20.0%	20.9%	25.9%	24.9%	30.0%	23.9%	20.9%	20.9%	—

V-Guard Industries balance sheet

₹ crore, at each year end.

V-Guard Industries Balance sheet
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	41.99	42.94	42.99	42.99	42.95	43.00	42.94	42.99	43.95	43.97
Reserves	592	707	858	953	1,168	1,365	1,564	1,772	2,055	2,327
Borrowings	6.02	7.02	14.03	13.03	69.19	68.19	505	402	134	166
Other Liabilities	295	415	460	449	597	635	791	938	1,100	1,165
Total Liabilities	935	1,173	1,375	1,457	1,878	2,111	2,904	3,156	3,331	3,702
Fixed Assets	169	218	231	284	370	464	1,248	1,336	1,374	1,525
CWIP	10.03	7.02	8.02	67.17	20.08	17.05	27.08	37.13	49.12	21.08
Investments	88.74	74.76	82.80	35.92	32.92	32.92	33.90	101	80.82	275
Other Assets	667	872	1,053	1,070	1,454	1,597	1,595	1,682	1,828	1,881
Inventories	275	317	377	480	633	861	768	813	998	1,026
Trade receivables	313	450	460	325	389	485	558	597	544	535
Cash & equivalents	14.97	4.98	85.81	112	280	60.82	66.79	56.83	63.86	58.87
Total Assets	935	1,173	1,375	1,457	1,878	2,111	2,904	3,156	3,331	3,702

V-Guard Industries cash flow

₹ crore, for each year.

V-Guard Industries Cash flow
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	130	52.12	156	141	222	−37.09	425	394	478	460
Cash from investing activity	−106	−24.99	−50.94	−112	40.95	−121	−770	−153	−96.85	−364
Cash from financing activity	−16.02	−37.05	−25.04	−91.14	−6.01	−62.06	326	−232	−378	−98.18
Net cash flow	8.02	−10.03	80.23	−62.20	258	−221	−21.06	8.02	3.01	−3.01
Capex	42.89	41.89	54.82	84.70	64.77	125	103	128	121	180
Free cash flow	87.90	10.99	103	56.97	158	−161	323	265	357	279
CFO / OP %	93.0%	49.0%	93.1%	85.0%	95.0%	15.1%	148.1%	111.0%	114.1%	107.1%

V-Guard Industries ratios

Working-capital days and returns, by year.

V-Guard Industries Ratios
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	55	71	65	47	52	50	49	45	35	33
Inventory days	67	70	75	104	123	129	96	91	101	97
Days payable	54	76	73	67	94	69	62	62	67	71
Cash conversion cycle	68	66	68	85	83	112	85	75	70	60
Working capital days	57	69	64	73	70	87	54	40	42	38
ROCE %	—	26.0%	26.0%	26.0%	26.0%	22.0%	15.0%	18.0%	20.0%	18.0%

V-Guard Industries: frequently asked questions

What are the latest quarterly results of V-Guard Industries?

For the Sep 2026 quarter, V-Guard Industries reported sales of ₹1,856 Cr, up 38.3% year on year and net profit of ₹112 Cr, up 72.1% year on year. The operating margin was 9.1%.

What is the annual revenue of V-Guard Industries?

V-Guard Industries' sales for the year to Mar 2026 were ₹5,974 Cr; over the last twelve months they were ₹6,830 Cr.

What is the net profit of V-Guard Industries?

Net profit for the year to Mar 2026 was ₹308 Cr, and ₹410 Cr over the last twelve months. Earnings per share over the same trailing period were ₹9.38.

How much debt does V-Guard Industries have?

V-Guard Industries reported borrowings of ₹166 Cr at Mar 2026, against cash and equivalents of ₹58.87 Cr.

What is the free cash flow of V-Guard Industries?

Cash from operations was ₹460 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹279 Cr.

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