V-Guard Industries Limited
V-Guard Industries Limited manufactures and sells electrical and electronic products in India and internationally. It operates through four segments: Electronics, Electrical, Consumer Durables and Sunflame. The Electronics segment offers voltage stabilizers; and inverter, digital DUPS, inverter batteries, UPS, solar inverters, solar power systems, off grid and on grid systems and inverters, and o… Read more
V-Guard Industries Limited (VGUARD) - Net Assets
Latest net assets as of September 2025: ₹21.90 Billion INR
Based on the latest financial reports, V-Guard Industries Limited (VGUARD) has net assets worth ₹21.90 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹33.38 Billion) and total liabilities (₹11.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹21.90 Billion |
| % of Total Assets | 65.61% |
| Annual Growth Rate | 25.22% |
| 5-Year Change | 72.52% |
| 10-Year Change | 345.62% |
| Growth Volatility | 41.72 |
V-Guard Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how V-Guard Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for V-Guard Industries Limited (2005–2025)
The table below shows the annual net assets of V-Guard Industries Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹20.98 Billion | +15.63% |
| 2024-03-31 | ₹18.14 Billion | +12.85% |
| 2023-03-31 | ₹16.08 Billion | +14.65% |
| 2022-03-31 | ₹14.02 Billion | +15.31% |
| 2021-03-31 | ₹12.16 Billion | +21.71% |
| 2020-03-31 | ₹9.99 Billion | +10.77% |
| 2019-03-31 | ₹9.02 Billion | +20.04% |
| 2018-03-31 | ₹7.51 Billion | +17.93% |
| 2017-03-31 | ₹6.37 Billion | +35.33% |
| 2016-03-31 | ₹4.71 Billion | +24.63% |
| 2015-03-31 | ₹3.78 Billion | +18.62% |
| 2014-03-31 | ₹3.18 Billion | +21.85% |
| 2013-03-31 | ₹2.61 Billion | +24.07% |
| 2012-03-31 | ₹2.11 Billion | +22.48% |
| 2011-03-31 | ₹1.72 Billion | +21.55% |
| 2010-03-31 | ₹1.41 Billion | +11.89% |
| 2009-03-31 | ₹1.26 Billion | +7.31% |
| 2008-03-31 | ₹1.18 Billion | +208.63% |
| 2007-03-31 | ₹381.80 Million | +31.10% |
| 2006-03-31 | ₹291.23 Million | +24.78% |
| 2005-03-31 | ₹233.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to V-Guard Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1715570000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹17.16 Billion | 81.78% |
| Common Stock | ₹435.80 Million | 2.08% |
| Other Comprehensive Income | ₹1.32 Billion | 6.31% |
| Other Components | ₹2.06 Billion | 9.84% |
| Total Equity | ₹20.98 Billion | 100.00% |
V-Guard Industries Limited Competitors by Market Cap
The table below lists competitors of V-Guard Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Laurentian Bank of Canada
PINK:LRCDF
|
$706.84 Million |
|
CP Axtra Public Company Limited
BK:CPAXT
|
$707.11 Million |
|
Hi target Navigation Tech Co
SHE:300177
|
$707.19 Million |
|
Future plc
PINK:FRNWF
|
$707.50 Million |
|
SoftwareONE Holding AG
PINK:SWONF
|
$706.77 Million |
|
Guangdong Ellington Electronics Technology Co Ltd
SHG:603328
|
$706.66 Million |
|
Yangmei Chemical Co Ltd
SHG:600691
|
$706.47 Million |
|
Ningbo Yongxin Optics Co Ltd
SHG:603297
|
$706.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in V-Guard Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,142,200,000 to 20,978,300,000, a change of 2,836,100,000 (15.6%).
- Net income of 3,137,200,000 contributed positively to equity growth.
- Dividend payments of 610,500,000 reduced retained earnings.
- Share repurchases of 80,400,000 reduced equity.
- New share issuances of 80,400,000 increased equity.
- Other comprehensive income increased equity by 123,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹3.14 Billion | +14.95% |
| Dividends Paid | ₹610.50 Million | -2.91% |
| Share Repurchases | ₹80.40 Million | -0.38% |
| Share Issuances | ₹80.40 Million | +0.38% |
| Other Comprehensive Income | ₹123.10 Million | +0.59% |
| Other Changes | ₹186.30 Million | +0.89% |
| Total Change | ₹- | 15.63% |
Book Value vs Market Value Analysis
This analysis compares V-Guard Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.77x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 406.95x to 6.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹0.79 | ₹323.05 | x |
| 2006-03-31 | ₹0.99 | ₹323.05 | x |
| 2007-03-31 | ₹1.30 | ₹323.05 | x |
| 2008-03-31 | ₹3.76 | ₹323.05 | x |
| 2009-03-31 | ₹3.03 | ₹323.05 | x |
| 2010-03-31 | ₹3.39 | ₹323.05 | x |
| 2011-03-31 | ₹4.12 | ₹323.05 | x |
| 2012-03-31 | ₹5.04 | ₹323.05 | x |
| 2013-03-31 | ₹6.25 | ₹323.05 | x |
| 2014-03-31 | ₹7.61 | ₹323.05 | x |
| 2015-03-31 | ₹8.93 | ₹323.05 | x |
| 2016-03-31 | ₹11.10 | ₹323.05 | x |
| 2017-03-31 | ₹14.86 | ₹323.05 | x |
| 2018-03-31 | ₹17.34 | ₹323.05 | x |
| 2019-03-31 | ₹20.75 | ₹323.05 | x |
| 2020-03-31 | ₹23.04 | ₹323.05 | x |
| 2021-03-31 | ₹28.05 | ₹323.05 | x |
| 2022-03-31 | ₹32.43 | ₹323.05 | x |
| 2023-03-31 | ₹36.96 | ₹323.05 | x |
| 2024-03-31 | ₹41.39 | ₹323.05 | x |
| 2025-03-31 | ₹47.74 | ₹323.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently V-Guard Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.62%
- • Asset Turnover: 1.67x
- • Equity Multiplier: 1.59x
- Recent ROE (14.95%) is below the historical average (21.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 23.63% | 4.18% | 2.04x | 2.77x | ₹31.82 Million |
| 2006 | 31.61% | 5.42% | 1.99x | 2.93x | ₹62.93 Million |
| 2007 | 34.89% | 5.99% | 1.92x | 3.04x | ₹95.04 Million |
| 2008 | 31.76% | 13.46% | 1.25x | 1.89x | ₹256.40 Million |
| 2009 | 13.72% | 5.48% | 1.35x | 1.86x | ₹47.01 Million |
| 2010 | 18.00% | 5.61% | 1.46x | 2.19x | ₹113.24 Million |
| 2011 | 24.79% | 5.87% | 1.79x | 2.35x | ₹254.39 Million |
| 2012 | 24.12% | 5.15% | 2.10x | 2.23x | ₹297.37 Million |
| 2013 | 24.07% | 4.66% | 2.06x | 2.51x | ₹367.82 Million |
| 2014 | 22.02% | 4.66% | 2.23x | 2.12x | ₹382.91 Million |
| 2015 | 18.72% | 4.09% | 2.39x | 1.92x | ₹329.48 Million |
| 2016 | 23.72% | 6.04% | 2.58x | 1.52x | ₹646.04 Million |
| 2017 | 23.83% | 7.09% | 2.27x | 1.48x | ₹880.90 Million |
| 2018 | 17.91% | 5.84% | 1.96x | 1.56x | ₹592.96 Million |
| 2019 | 18.59% | 6.53% | 1.86x | 1.53x | ₹772.96 Million |
| 2020 | 18.80% | 7.54% | 1.71x | 1.46x | ₹875.67 Million |
| 2021 | 16.58% | 7.44% | 1.44x | 1.55x | ₹796.89 Million |
| 2022 | 16.18% | 6.51% | 1.67x | 1.49x | ₹869.97 Million |
| 2023 | 11.76% | 4.58% | 1.42x | 1.81x | ₹283.58 Million |
| 2024 | 14.20% | 5.30% | 1.54x | 1.74x | ₹761.58 Million |
| 2025 | 14.95% | 5.62% | 1.67x | 1.59x | ₹1.04 Billion |
Industry Comparison
This section compares V-Guard Industries Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $8,990,537,538
- Average return on equity (ROE) among peers: 13.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| V-Guard Industries Limited (VGUARD) | ₹21.90 Billion | 23.63% | 0.52x | $706.78 Million |
| Aartech Solonics Limited (AARTECH) | $246.68 Million | -0.79% | 0.21x | $4.50K |
| Apar Industries Limited (APARINDS) | $6.28 Billion | 17.42% | 4.19x | $1.83 Billion |
| Amara Raja Batteries Limited (ARE&M) | $67.99 Billion | 13.74% | 0.32x | $928.91 Million |
| Bharat Bijlee Limited (BBL) | $6.51 Billion | 2.21% | 0.60x | $216.37 Million |
| CG Power and Industrial Solutions Limited (CGPOWER) | $-842.90 Million | 0.00% | 0.00x | $5.60 Billion |
| CMI Limited (CMICABLES) | $1.75 Billion | 60.44% | 0.92x | $725.46K |
| Cords Cable Industries Limited (CORDSCABLE) | $865.72 Million | 4.84% | 1.48x | $10.04 Million |
| De Nora India Limited (DENORA) | $392.64 Million | 10.83% | 0.24x | $18.07 Million |
| Dynamic Cables Limited (DYCL) | $1.77 Billion | 17.48% | 1.27x | $46.07 Million |
| Elin Electronics Limited (ELIN) | $4.93 Billion | 5.44% | 0.49x | $33.83 Million |