V-Guard Industries Limited (VGUARD) - Net Assets

Latest as of March 2026: Rs23.73 Billion INR ≈ $256.64 Million USD

Based on the latest financial reports, V-Guard Industries Limited (VGUARD) has net assets worth Rs23.73 Billion INR (≈ $256.64 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs37.14 Billion ≈ $401.62 Million USD) and total liabilities (Rs13.41 Billion ≈ $144.99 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 PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs23.73 Billion
% of Total Assets	63.9%
Annual Growth Rate	24.62%
5-Year Change	69.23%
10-Year Change	272.48%
Growth Volatility	40.86

V-Guard Industries Limited - Net Assets Trend (2005–2026)

This chart illustrates how V-Guard Industries Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see V-Guard Industries Limited market capitalisation.

Annual Net Assets for V-Guard Industries Limited (2005–2026)

The table below shows the annual net assets of V-Guard Industries Limited from 2005 to 2026. Also explore how fast is V-Guard Industries Limited growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs23.73 Billion ≈ $256.64 Million	+13.12%
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 1957750000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs19.58 Billion	82.50%
Common Stock	Rs436.80 Million	1.84%
Other Comprehensive Income	Rs1.48 Billion	6.25%
Other Components	Rs2.23 Billion	9.41%
Total Equity	Rs23.73 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
Beijing New Oriental Star Petrochemical Engineering Co Ltd SHE:002755	$1.54 Billion
Black Box Limited NSE:BBOX	$1.54 Billion
Montea C.V.A. BR:MONT	$1.54 Billion
Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd SHE:002839	$1.54 Billion
Systex Corp TW:6214	$1.54 Billion
Dongguan Development Holdings Co Ltd SHE:000828	$1.54 Billion
Metrics Master Income Trust AU:MXT	$1.54 Billion
Anhui Kouzi Distillery Co Ltd SHG:603589	$1.54 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 2025 to 2026, total equity changed from 20,978,300,000 to 23,730,500,000, a change of 2,752,200,000 (13.1%).
Net income of 3,083,300,000 contributed positively to equity growth.
Dividend payments of 654,300,000 reduced retained earnings.
New share issuances of 59,700,000 increased equity.
Other comprehensive income increased equity by 159,000,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs3.08 Billion	+12.99%
Dividends Paid	Rs654.30 Million	-2.76%
Share Issuances	Rs59.70 Million	+0.25%
Other Comprehensive Income	Rs159.00 Million	+0.67%
Other Changes	Rs104.50 Million	+0.44%
Total Change	Rs-	13.12%

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: 6.03x
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 409.91x to 6.03x 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	Rs325.40	x
2006-03-31	Rs0.99	Rs325.40	x
2007-03-31	Rs1.30	Rs325.40	x
2008-03-31	Rs3.76	Rs325.40	x
2009-03-31	Rs3.03	Rs325.40	x
2010-03-31	Rs3.39	Rs325.40	x
2011-03-31	Rs4.12	Rs325.40	x
2012-03-31	Rs5.04	Rs325.40	x
2013-03-31	Rs6.25	Rs325.40	x
2014-03-31	Rs7.61	Rs325.40	x
2015-03-31	Rs8.93	Rs325.40	x
2016-03-31	Rs11.10	Rs325.40	x
2017-03-31	Rs14.86	Rs325.40	x
2018-03-31	Rs17.34	Rs325.40	x
2019-03-31	Rs20.75	Rs325.40	x
2020-03-31	Rs23.04	Rs325.40	x
2021-03-31	Rs28.05	Rs325.40	x
2022-03-31	Rs32.43	Rs325.40	x
2023-03-31	Rs36.96	Rs325.40	x
2024-03-31	Rs41.39	Rs325.40	x
2025-03-31	Rs47.74	Rs325.40	x
2026-03-31	Rs53.95	Rs325.40	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): 12.99%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.17%
• Asset Turnover: 1.61x
• Equity Multiplier: 1.56x
Recent ROE (12.99%) is below the historical average (21.30%), 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	47.77%	8.21%	1.92x	3.04x	Rs144.21 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%	5.89%	1.79x	2.35x	Rs254.39 Million
2012	24.12%	5.30%	2.03x	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	22.70%	6.97%	2.21x	1.48x	Rs809.05 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%	4.62%	1.41x	1.81x	Rs283.58 Million
2024	14.20%	5.34%	1.53x	1.74x	Rs761.58 Million
2025	14.95%	5.67%	1.66x	1.59x	Rs1.04 Billion
2026	12.99%	5.17%	1.61x	1.56x	Rs710.25 Million

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: $5,773,812,678
Average return on equity (ROE) among peers: 15.61%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
V-Guard Industries Limited (VGUARD)	Rs23.73 Billion	23.63%	0.56x	$1.54 Billion
Apar Industries Limited (APARINDS)	$928.28 Million	33.97%	4.83x	$8.19 Billion
Amara Raja Batteries Limited (ARE&M)	$29.37 Billion	16.05%	0.42x	$1.58 Billion
Bharat Bijlee Limited (BBL)	$3.19 Billion	16.85%	0.90x	$269.89 Million
CG Power and Industrial Solutions Limited (CGPOWER)	$9.97 Billion	28.25%	3.20x	$15.20 Billion
Cords Cable Industries Limited (CORDSCABLE)	$90.46 Million	32.43%	2.11x	$50.91 Million
De Nora India Limited (DENORA)	$515.40 Million	20.24%	0.17x	$44.91 Million
Dynamic Cables Limited (DYCL)	$151.72 Million	3.43%	5.18x	$239.71 Million
Elin Electronics Limited (ELIN)	$4.93 Billion	5.44%	0.49x	$47.59 Million
Eveready Industries India Limited (EVEREADY)	$6.45 Billion	-2.16%	1.02x	$260.19 Million
Exicom Tele-Systems Limited (EXICOM)	$2.13 Billion	1.62%	2.18x	$246.19 Million

About V-Guard Industries Limited

NSE:VGUARD India Electrical Equipment & Parts

Market Cap

$1.54 Billion

Rs142.16 Billion INR

Market Cap Rank

#7180 Global

#351 in India

Share Price

Rs325.40

Change (1 day)

-1.44%

52-Week Range

Rs290.80 - Rs382.55

All Time High

Rs524.15