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V-Guard Industries Ltd.

BSE: 532953 | NSE: VGUARD |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE951I01027 | SECTOR: Electric Equipment

BSE Live

Apr 03, 16:00
153.40 -4.15 (-2.63%)
Volume
AVERAGE VOLUME
5-Day
11,906
10-Day
14,938
30-Day
13,993
22,098
  • Prev. Close

    157.55

  • Open Price

    168.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 03, 15:59
154.00 -5.25 (-3.30%)
Volume
AVERAGE VOLUME
5-Day
280,671
10-Day
321,901
30-Day
365,890
392,199
  • Prev. Close

    159.25

  • Open Price

    162.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    154.00 (551)

Annual Report

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

Chairman's Speech

Dear Shareholders. I have immense pleasure in informing you that the Financial Year 2011-12 has been another milestone in the history of our Company and a memorable year for the Organization with gross revenue from operations crossing Rs 1000 crores. This has been made possible by the dedicated efforts and sustained performance of the employees and unstinted support and co-operation extended by our business associates. vendors and valued customers. who have reposed their faith in the Company. During the year under review gross revenue from operations was Rs 1,006.78 crores and net revenue from operations was Rs 993.63 crores representing a growth of 36.75% over the net revenue from operations of Rs 726.62 crores for the previous year. The Profit After Tax increased from Rs 39.70 crores in 2010-11 to Rs 50.80 crores in 2011-12, showing an increase of 28%. Considering the improved profitability, the Board of Directors has recommended dividend of Rs 3.50 per share to the members of the Company. Your Company has completed the construction of distribution centres at Hubli and Vijayawada during the year under review and thus completed all the projects of the Initial Public Offer. Project relating to construction of a state of art facility for the manufacture of Solar Water Heater of different capacities at the industrial land acquired in Perundurai has been completed and commercial production is expected to commence during the Financial Year 2012-13. Other expansion projects for the year such as enhancement of storage space available at Palakkad, Kochi and Bangalore were successfully completed and work relating to strengthening of the existing production unit of Electric Water Heater and Fan at Kala Amb, Himachal Pradesh is also progressing as per schedule. As Your Company is operating pan India with many products, the need for enhancing the brand awareness and recall at national level was considered imperative for its future growth and to achieve the same, certain initiatives were taken by the Management which has paid off well. To achieve the growth targets as envisaged and also with a view to strengthen the existing systems and internal control procedures, it was decided to implement SAP based ERP system considering the activities and pan India operations of the Company. I would like to say that the project was successfully carried out during the year and the Organization will reap the benefits in the coming years. During the year under review Your Company had organized V-Guard BIG IDEA Business Plan Contest 2011 inviting B-Tech and B-School students to come up with Business Plans as to what they thought the Company should be doing for achieving its growth plans in future and to make V-Guard a trusted household name. The basic objective of this initiative was to know the expectation of educated youth in terms of the products and services that the Company should offer in future and to create awareness about the Company and its products among the young generation, who are the prospective customers of the Company. The contest was also intended to generate ideas for new business opportunities for the Company, while serving the social objective of helping the students to excel in their Engineering and Management career by cultivating the habit of creative entrepreneurial dreaming. I am happy to mention that the contest was a great success with participation from some of the well known educational institutions in the country in the field of Engineering and Management. With a view to offer value based product to the customers, few new products were added to our folder which includes, switch gear and induction cook top and these products are expected to do well in the current fiscal. The future success of the Company depends on its ability to meet the customer needs and aspirations and environmental challenges on a continuing basis. Efforts shall be made to combine technology, design skills, creativity and quality in our products and services in a manner by which the customer can get the best value for money. To achieve the desired growth levels the strategy of penetrating the existing and new markets including the rural markets will be given thrust and in line with the growth in turnover, the existing after sales service net work will be further strengthened. Regarding introduction of new products, action has been taken to launch V-Guard mixer grinder during the second quarter of the fiscal. In line with the growth plans, it is proposed to take up new projects to increase production capacity of house wiring cables at Kashipur and production of fans & water heaters at Kala Amb, Himachal Pradesh and to construct new ware houses at Kochi and Hyderabad. I would like to express my deep appreciation and thanks to the employees at all levels for their contribution to the growth of the Company, customers for their faith in the products and services of the Company and also the Business Associates, Vendors, Banks, Central and various State Governments for their continued support. With Best Wishes Sd/- P G R Prasad Chairman