V-Guard Industries stocks: Buy V-Guard Industries, target price Rs 295: Centrum Broking

Centrum Broking has buy call on V-Guard Industries with a target price of Rs 295. The current market price of is Rs 242.45. Time period given by analyst is one year when . price can reach defined target.

V-Guard Industries Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 10400.16 Crore) operating in Consumer Durables sector.

V-Guard Industries Ltd. key Products/Revenue Segments include Electricals, Consumer Durables, Electronics & Mechanical Components, Scrap, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1023.41 Crore, down -3.62 % from last quarter Total Income of Rs 1061.85 Crore and up 79.84 % from last year same quarter Total Income of Rs 569.06 Crore. Company reported net profit after tax of Rs 53.37 Crore in latest quarter.

Investment Rationale
VGRD offers robust growth prospects due to (1) Scale up in diversified product categories, (2) Rising share of in-house manufacturing, (3) Penetrating Non-South region (47% of total Q1FY23 sales) and (4) High potential of distribution reach expansion and alternate sales channels.

Promoter/FII Holdings
Promoters held 55.88 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.39 per cent, DIIs 18.09 per cent.