Synopsis
Strong performance in the first quarter, recent correction in share prices, improving margin profile and the fact that it is a cash-rich company have all contributed towards making V-Guard a favourite of analysts. The improving covid situation is helping the company.
Despite covid induced disruptions in April and May, V-Guard Industries was able to bounce back in June and report better than expected numbers in the first quarter of 2021-22. While disruptions were severe in its key market— southern region— increased sales in non-south regions helped V-Guard. The company has slowly transformed from a South India based stabiliser player to one of the leading national players in fast moving consumer electrical
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