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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 Welcome to your FY15-16 Annual Report. Thank you for taking the time to read this report and for your enduring interest and investment in V-Guard. At the outset I would like to reflect on our vision, which is to make V-Guard a trusted household name. Since our humble beginnings in 1977, we have crossed many milestones towards our vision and today we are a renowned national brand with an expanded product mix - patronised by millions of customers across the country. We have been adding new products into our portfolio almost on a yearly basis. While we introduced our technologically advanced inverter AC Stabilizers during the year, I am happy to inform you that by the time this annual report reaches you, our nextgen internet enabled water heaters would have been launched. Going forward, I am sure our increasing product portfolio will help drive growth and better our balance sheet. During the year we launched our new Stabilizer manufacturing unit in Sikkim. The unit is eligible for benefits under North East Industrial & Investment Promotion Policy (NEIIPP), 2007. We are also enhancing capacity of our house wiring factory at Chavadi, Coimbatore, Tamil Nadu. Performance Various organizational transformation initiatives touching upon our supply chain management and customer care have started yielding returns in terms of improved margins as well as better customer loyalty. We managed our working capital better thus improving the cash flows and reducing our debts. The Board is confident that the structural and operational changes, the prestigious Superbrand status. Selected after a five month long evaluation process, involving the opinion of more than 17,000 customers and an elite panel of marketing professionals, V-Guard Stabilizers were ranked as one of the top brands amongst all categories. Our team from Wires & Cables Division won Silver for the case studies presented on V-Guard''s year long Employee Engagement programme, ''Lean Focus 2014- 15'', on implementation of Lean Principles in the manufacturing and supply chain processes. I congratulate our team for this remarkable achievement. Let me conclude by saying that market conditions will remain challenging but your Board and management are focused on improving the performance of your Company. Despite challenging market conditions and declines in consumer sentiments, we will strive our best to improve our revenue as well as margins in FY 17 and beyond. Our priorities are firmly focused on increasing financial strength, by improving performance, thereby maximising shareholder value. I would like to express my sincere thanks and gratitude to all stakeholders including our esteemed shareholders, valued customers, vendors, banks, Central and various State Governments for the faith reposed by them in the Company. With Best Wishes Kochouseph Chittilappilly Chairman