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V-Guard Industries Ltd.

BSE: 532953 | NSE: VGUARD | Series: NA | ISIN: INE951I01027 | SECTOR: Electric Equipment

BSE Live

May 28, 16:00
173.60 2.65 (1.55%)
Volume
AVERAGE VOLUME
5-Day
63,816
10-Day
61,281
30-Day
46,554
84,267
  • Prev. Close

    170.95

  • Open Price

    172.95

  • Bid Price (Qty.)

    173.60 (51)

  • Offer Price (Qty.)

    175.65 (5)

NSE Live

May 28, 15:57
173.80 2.95 (1.73%)
Volume
AVERAGE VOLUME
5-Day
374,717
10-Day
341,136
30-Day
540,496
1,203,799
  • Prev. Close

    170.85

  • Open Price

    172.65

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    173.80 (2039)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Chairman's Speech

Dear Shareholders, It is indeed a great pleasure for me to present before you the annual performance of the fiscal 2008-09, a year which was quite turbulent and tumultuous financially and also in terms of industrial growth. The Indian economy continued to register impressive GDP growth, although the rate of growth declined marginally over the previous year. The level of industrial productivity has also begun to decline, as a result of fiscal constraints imposed on money supply and the raising of interest rates, especially in the second half of the fiscal. The overall economic recession prevalent in the country has severely affected the purchasing power of the common man. Let me take you to a quick look to the performance of the Company in terms of figurjes. Your Company recorded net revenue of Rs.31,677.67 lakhs, increase of 13.90% over the previous year of Rs. 27,81 1 lakhs. The Net Profit after tax (excluding after tax Hon recurring profit of Rs.2,277.92 lacs), increased from Rs. 1,464.39 in 2007-08 to Rs. 1,734.65 lakhs in 2008-09, an increase of 18.46%. Considering the improved profitability, the Board has recommended a dividend of Rs.2.50 per share on the paid-up share capital of the Company. The performance of the Company was badly hit in the third quarter of the fiscal under review. Moreover, high fluctuation in the price of the basic raw-material copper had affected the profitability of the product cable. As the Company was not actively involved in forward bookings, the loss on account of the volatility in the price of the copper was less. Your Company was able to do well in terms of sales turnover in some of the products, i.e. fans, solar water heaters, pumps and of course in cables. With the whole-hearted efforts of your Management, the Company was able to complete four of its projects, mentioned in the offer document. Your Company was able to set up two state of the art facilities for manufacture of building wire and power cables. The investments up to 31s1 March 2009 towards these factories were Rs.38.75 crores. The Management is confident of capitalising on the output of the two new factories. During the year under review, the Company was able to add a new product to its folder, i.e. Digital Home UPS. The R&D wing of the Company is engaged in continuous research to meet the customer demand for new models with unique or customized features and improved quality. The outlook for the future seems to be good aiding our vision to become a national player in the area of electrical and electronic segment. Focus will be given to penetrate the North Indian markets by adopting new strategies and also on export sales. The Management will also concentrate on industrial clients to get a sizable turnover in the sale of jLT Cables. Your Management hopes that the desired goals can be achieved with the contribution of highly motivated and innovative team of employees at all levels and with them I am confident of taking your Company to greater heights in the years to come. With Best Wishes Sdi- P G R Prasad Chairman 28th May, 2009 Kochi