V-Guard Industries Limited (VGUARD) - Net Assets

Latest as of September 2025: Rs21.90 Billion INR ≈ $236.85 Million USD

Based on the latest financial reports, V-Guard Industries Limited (VGUARD) has net assets worth Rs21.90 Billion INR (≈ $236.85 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs33.38 Billion ≈ $361.01 Million USD) and total liabilities (Rs11.48 Billion ≈ $124.16 Million USD). 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. Check V-Guard Industries Limited (VGUARD) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs21.90 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. Also explore V-Guard Industries Limited (VGUARD) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see V-Guard Industries Limited market cap and net worth.

Year	Net Assets	Change
2025-03-31	Rs20.98 Billion ≈ $226.87 Million	+15.63%
2024-03-31	Rs18.14 Billion ≈ $196.20 Million	+12.85%
2023-03-31	Rs16.08 Billion ≈ $173.86 Million	+14.65%
2022-03-31	Rs14.02 Billion ≈ $151.65 Million	+15.31%
2021-03-31	Rs12.16 Billion ≈ $131.51 Million	+21.71%
2020-03-31	Rs9.99 Billion ≈ $108.05 Million	+10.77%
2019-03-31	Rs9.02 Billion ≈ $97.54 Million	+20.04%
2018-03-31	Rs7.51 Billion ≈ $81.25 Million	+17.93%
2017-03-31	Rs6.37 Billion ≈ $68.90 Million	+35.33%
2016-03-31	Rs4.71 Billion ≈ $50.91 Million	+24.63%
2015-03-31	Rs3.78 Billion ≈ $40.85 Million	+18.62%
2014-03-31	Rs3.18 Billion ≈ $34.44 Million	+21.85%
2013-03-31	Rs2.61 Billion ≈ $28.26 Million	+24.07%
2012-03-31	Rs2.11 Billion ≈ $22.78 Million	+22.48%
2011-03-31	Rs1.72 Billion ≈ $18.60 Million	+21.55%
2010-03-31	Rs1.41 Billion ≈ $15.30 Million	+11.89%
2009-03-31	Rs1.26 Billion ≈ $13.68 Million	+7.31%
2008-03-31	Rs1.18 Billion ≈ $12.74 Million	+208.63%
2007-03-31	Rs381.80 Million ≈ $4.13 Million	+31.10%
2006-03-31	Rs291.23 Million ≈ $3.15 Million	+24.78%
2005-03-31	Rs233.39 Million ≈ $2.52 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	Rs17.16 Billion	81.78%
Common Stock	Rs435.80 Million	2.08%
Other Comprehensive Income	Rs1.32 Billion	6.31%
Other Components	Rs2.06 Billion	9.84%
Total Equity	Rs20.98 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
Yunnan Salt & Salt Chemical Industry Co Ltd SHE:002053	$1.56 Billion
Pharma Mar S.A. MC:PHM	$1.56 Billion
Oruka Therapeutics, Inc. NASDAQ:ORKA	$1.56 Billion
Sunward Intelligent Equipment Co Ltd SHE:002097	$1.56 Billion
DUERR AG UNSP.ADR 1/5 F:DUEB	$1.56 Billion
Hope Bancorp Inc NASDAQ:HOPE	$1.56 Billion
Nongshim KO:004370	$1.56 Billion
Quantum Computing Inc NASDAQ:QUBT	$1.56 Billion

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	Rs3.14 Billion	+14.95%
Dividends Paid	Rs610.50 Million	-2.91%
Share Repurchases	Rs80.40 Million	-0.38%
Share Issuances	Rs80.40 Million	+0.38%
Other Comprehensive Income	Rs123.10 Million	+0.59%
Other Changes	Rs186.30 Million	+0.89%
Total Change	Rs-	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: 6.92x
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 415.96x to 6.92x 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	Rs0.79	Rs330.20	x
2006-03-31	Rs0.99	Rs330.20	x
2007-03-31	Rs1.30	Rs330.20	x
2008-03-31	Rs3.76	Rs330.20	x
2009-03-31	Rs3.03	Rs330.20	x
2010-03-31	Rs3.39	Rs330.20	x
2011-03-31	Rs4.12	Rs330.20	x
2012-03-31	Rs5.04	Rs330.20	x
2013-03-31	Rs6.25	Rs330.20	x
2014-03-31	Rs7.61	Rs330.20	x
2015-03-31	Rs8.93	Rs330.20	x
2016-03-31	Rs11.10	Rs330.20	x
2017-03-31	Rs14.86	Rs330.20	x
2018-03-31	Rs17.34	Rs330.20	x
2019-03-31	Rs20.75	Rs330.20	x
2020-03-31	Rs23.04	Rs330.20	x
2021-03-31	Rs28.05	Rs330.20	x
2022-03-31	Rs32.43	Rs330.20	x
2023-03-31	Rs36.96	Rs330.20	x
2024-03-31	Rs41.39	Rs330.20	x
2025-03-31	Rs47.74	Rs330.20	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	Rs31.82 Million
2006	31.61%	5.42%	1.99x	2.93x	Rs62.93 Million
2007	34.89%	5.99%	1.92x	3.04x	Rs95.04 Million
2008	31.76%	13.46%	1.25x	1.89x	Rs256.40 Million
2009	13.72%	5.48%	1.35x	1.86x	Rs47.01 Million
2010	18.00%	5.61%	1.46x	2.19x	Rs113.24 Million
2011	24.79%	5.87%	1.79x	2.35x	Rs254.39 Million
2012	24.12%	5.15%	2.10x	2.23x	Rs297.37 Million
2013	24.07%	4.66%	2.06x	2.51x	Rs367.82 Million
2014	22.02%	4.66%	2.23x	2.12x	Rs382.91 Million
2015	18.72%	4.09%	2.39x	1.92x	Rs329.48 Million
2016	23.72%	6.04%	2.58x	1.52x	Rs646.04 Million
2017	23.83%	7.09%	2.27x	1.48x	Rs880.90 Million
2018	17.91%	5.84%	1.96x	1.56x	Rs592.96 Million
2019	18.59%	6.53%	1.86x	1.53x	Rs772.96 Million
2020	18.80%	7.54%	1.71x	1.46x	Rs875.67 Million
2021	16.58%	7.44%	1.44x	1.55x	Rs796.89 Million
2022	16.18%	6.51%	1.67x	1.49x	Rs869.97 Million
2023	11.76%	4.58%	1.42x	1.81x	Rs283.58 Million
2024	14.20%	5.30%	1.54x	1.74x	Rs761.58 Million
2025	14.95%	5.62%	1.67x	1.59x	Rs1.04 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: $7,679,177,378
Average return on equity (ROE) among peers: 8.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
V-Guard Industries Limited (VGUARD)	Rs21.90 Billion	23.63%	0.52x	$1.56 Billion
Apar Industries Limited (APARINDS)	$2.88 Billion	-1.23%	5.59x	$5.36 Billion
Amara Raja Batteries Limited (ARE&M)	$13.63 Billion	26.96%	0.46x	$1.73 Billion
Bharat Bijlee Limited (BBL)	$6.91 Billion	8.82%	0.61x	$378.55 Million
CG Power and Industrial Solutions Limited (CGPOWER)	$41.11 Billion	-11.94%	1.48x	$13.85 Billion
Cords Cable Industries Limited (CORDSCABLE)	$1.46 Billion	2.99%	1.02x	$25.10 Million
De Nora India Limited (DENORA)	$392.64 Million	10.83%	0.24x	$49.12 Million
Dynamic Cables Limited (DYCL)	$270.46 Million	25.13%	4.97x	$194.13 Million
Elin Electronics Limited (ELIN)	$1.99 Billion	14.61%	1.00x	$65.09 Million
Eveready Industries India Limited (EVEREADY)	$5.93 Billion	2.29%	0.87x	$263.38 Million
Exicom Tele-Systems Limited (EXICOM)	$2.22 Billion	2.32%	1.72x	$173.57 Million

About V-Guard Industries Limited

NSE:VGUARD India Electrical Equipment & Parts

Market Cap

$1.56 Billion

Rs144.08 Billion INR

Market Cap Rank

#7233 Global

#328 in India

Share Price

Rs330.20

Change (1 day)

-1.03%

52-Week Range

Rs300.35 - Rs405.55

All Time High

Rs524.15