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Buy V-Guard Industries; target of Rs 300: Sharekhan

Sharekhan is bullish on V-Guard Industries has recommended buy rating on the stock with a target price of Rs 300 in its research report dated September 14, 2022.

September 15, 2022 / 15:27 IST
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on V-Guard Industries

    The company aims to scale up in-house manufacturing to 75% to enhance competitiveness and efficiency, which will lead to margin improvement. Manufacturing facilities for fans, inverters, and batteries are expected to come on board in the near future. Premiumisation of fans, digital UPS, and market share gain in batteries and inverters would aid revenue growth and margins. Improving working capital cycle and cash flows as well as negligible debt provide us further comfort. We expect Revenue/PAT CAGR of ~19%/~22% over FY2022-FY2024E EPS.

    Outlook

    We retain our Buy rating on V-Guard Industries Limited (V-Guard) with a revised PT of Rs. 300, given its expansion into non-South markets, entry into new product categories, and volume-driven growth across verticals.

    More Info

    At 15:19 hrs V-Guard Industries was quoting at Rs 238.00, down Rs 4.05, or 1.67 percent.

    It has touched an intraday high of Rs 245.50 and an intraday low of Rs 236.60.

    It was trading with volumes of 21,264 shares, compared to its thirty day average of shares, a decrease of percent.

    In the previous trading session, the share closed up 0.90 percent or Rs 2.15 at Rs 242.05.

    The share touched its 52-week high Rs 274.80 and 52-week low Rs 181.90 on 04 October, 2021 and 24 February, 2022, respectively.

    Currently, it is trading 13.39 percent below its 52-week high and 30.84 percent above its 52-week low.

    Market capitalisation stands at Rs 10,273.99 crore.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    V-Guard Industries - 150922 - khan

    Broker Research
    first published: Sep 15, 2022 03:27 pm

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