V Guard Industries Ltd is a leading Indian manufacturer of voltage stabilisers, electrical appliances, and consumer durables, with a strong presence across South India and expanding nationwide. Founded in 1977 and headquartered in Kochi, Kerala, the company has evolved from a voltage stabiliser brand into a diversified player offering products like pumps, switchgear, fans, water heaters, and kitchen appliances under the “V-Guard” and “Sunflame” brands. Known for its engineering focus and rural penetration, V-Guard combines brand trust with asset-light manufacturing and a wide distribution network. This article provides a data-backed outlook on the V-Guard share price target 2026–2030.
V Guard Industries Ltd: Company Overview
- Founded: 1977
- Headquarters: Kochi, Kerala
- Key Segments: Voltage Stabilisers (35%), Pumps (20%), Switchgear & Wiring Devices (15%), Consumer Durables (fans, heaters, kitchen appliances)
- Market Position: #1 in voltage stabilizers; top-3 in domestic pumps in South India
- Ownership: Promoter-held (53.28%) by the Kochouseph Chittilappilly family
V-Guard operates with a lean, outsourced manufacturing model and focuses on value-for-money products—making it resilient in semi-urban and rural markets. Its recent expansion into premium categories (e.g., smart fans, IoT-enabled appliances) supports margin improvement.
V Guard Industries Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹318.00 |
| Market Capitalization | ₹13,869.21 Cr |
| No. of Shares Outstanding | 43.63 Cr |
| 52-Week High / Low | ₹455 / ₹300 |
| P/E Ratio (TTM) | 55.96 |
| P/B Ratio | 6.69 |
| EPS (TTM) | ₹5.68 |
| Book Value (TTM) | ₹47.51 |
| ROE | 14.12% |
| ROCE | 18.07% |
| Dividend Yield | 0.47% |
| Face Value | ₹1 |
| Cash | ₹30.49 Cr |
| Total Debt | ₹10.81 Cr |
| Debt-to-Equity | 0.005 |
| Sales Growth (YoY) | 16.44% |
| Profit Growth (YoY) | 12.69% |
| Promoter Holding | 53.28% |
V Guard Industries Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹340 – ₹380 |
| 2027 | ₹365 – ₹410 |
| 2028 | ₹390 – ₹450 |
| 2029 | ₹415 – ₹490 |
| 2030 | ₹440 – ₹530 |
V Guard Industries Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹340 | ₹380 |
V-Guard reported 12.69% YoY profit growth and 16.44% sales growth in FY2025, driven by strong demand in pumps and stabilisers. However, its P/E of 56x and P/B of 6.7x reflect a rich valuation—justified only by consistent execution and rural resilience. The stock has corrected ~30% from its 52-week high due to profit-taking and sector rotation. A 2026 target of ₹340–₹380 assumes stable margins and continued volume momentum.
V Guard Industries Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹365 | ₹410 |
The company’s focus on premiumization (e.g., BLDC fans, smart pumps) and E-commerce expansion should support higher-margin revenue. If EPS reaches ₹6.30–₹6.80 by FY27 and P/E moderates to 55–57x, the 2027 range of ₹365–₹410 is realistic.
V Guard Industries Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹390 | ₹450 |
By 2028, benefits from brand-led pricing power and supply chain efficiency should reflect in profitability. Assuming EPS of ₹6.80–₹7.40 and P/E of 56–59x, the ₹390–₹450 band is justified.
V Guard Industries Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹415 | ₹490 |
Long-term tailwinds include rising rural electrification, housing demand, and appliance penetration. Using a P/E of 57–61x on projected EPS (~₹7.00–₹8.00), the 2029 target is ₹415–₹490.
V Guard Industries Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹440 | ₹530 |
Over a five-year horizon, V-Guard’s value lies in its irreplaceable brand moat in core categories—not explosive scale. A terminal P/E of 58–63x on FY30 EPS (~₹7.20–₹8.40) supports the ₹440–₹530 range.
V-Guard Industries Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 53.28% |
| Domestic Institutional Investors (DII) | 23.33% |
| Foreign Institutional Investors (FII) | 12.12% |
| Public & Retail | 11.26% |
| Others | 0.00% |
High promoter holding ensures strategic continuity, while rising institutional interest reflects confidence in governance.
V-Guard Industries Ltd: Strengths vs Risks
Strengths:
- Near-zero debt (₹10.8 Cr) and strong cash conversion
- Industry-leading ROCE (18.07%) and consistent rural demand
- Strong brand equity in core categories (stabilisers, pumps)
- Asset-light model with low capex intensity
Risks:
- P/E of 56x leaves little room for execution misses
- Minimal dividend yield (0.47%) limits income appeal
- Intense competition from Havells, Crompton, and Bajaj Electricals
- Exposure to copper and aluminium price volatility
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Higher than market average (small-cap consumer stock) |
| Dividend/Income Potential | Minimal (0.47% yield) |
| Best For | Growth-oriented investors seeking India’s branded appliance story |
Final Verdict
V-Guard Industries Ltd combines brand strength, capital efficiency, and rural resilience—but trades at a premium valuation. While not a dividend play, it offers steady compounding through volume and mix-led growth. Our V-Guard share price target 2026–2030 (₹340 to ₹530) reflects cautious optimism—rooted in fundamentals, not speculation.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – V-Guard Consolidated Page (FY2025 + TTM)
- Finology Ticker – VGUARD Financial Ratios & Valuation
- V-Guard Investor Presentation (Q2 FY26, Nov 2025)
- BSE India – Annual Report FY2025
- Ministry of Power – Rural Electrification & Appliance Penetration Report 2025
