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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
 
 
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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).



Outlook


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

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V-Guard Industries - 290722 - ic

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first published: Jul 31, 2022 01:50 pm
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