Moneycontrol PRO

Hold V-Guard Industries; target of Rs 255: ICICI Direct

ICICI Direct recommended hold rating on V-Guard Industries with a target price of Rs 255 in its research report dated July 29, 2022.

July 31, 2022 / 01:50 PM IST
  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on V-Guard Industries

V-Guard is among India’s leading fast moving consumer electrical goods companies with market leadership position in the stabiliser business. The company has a wide portfolio of products ranging from switchgears, water heaters, stabilisers, fans and many more • V-Guard has maintained strong return ratios with RoE and RoCE at ~17% and ~23%, respectively (three year’s average).


We maintain our HOLD rating on the stock. We value V-Guard at Rs 255 i.e. 38x P/E on FY24E EPS.


For all recommendations report, click here

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

V-Guard Industries - 290722 - ic

Broker Research
first published: Jul 31, 2022 01:50 pm
ISO 27001 - BSI Assurance Mark