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VGUARD Share Price Target

V-Guard Industries Ltd.
NSE: VGUARD | BSE: 532953 | ISIN: INE951I01027 | Sector: Electric Equipment

VGUARD Rating

3.9/5 (11 Ratings)
VGUARD Share Price *
202.15 -2.3 (-1.12%)
* (quote may be delayed)

9 VGUARD share price target reports by brokerages below. See what is analyst's view on VGUARD share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.


You can also find VGUARD share price target tomorrow or next week from VGUARD discussion forum.

VGUARD Share Price Forecast - Consensus
No. of reports in last year
9
No. of analysts
5
Average Consensus Forecast
258.33
Consensus Potential
20.45%

VGUARD Share Price Target - Broker Reports - 2020

3-Feb-20
Price @ Call: 219.18
Target: 237
ACCUMULATE
V-Guard Industries (VIL) posted revenue of Rs6.3bn in 3QFY20, up 5% YoY, 5%/3% below our/consensus estimates. Growth was lower as consumer sentiment remained sluggish, leading to softer demand and aggressive price cutting by some players in water heater, fans and switchgears, which VIL did not resort to as it gave precedence to profitability. Revenue of Electricals segment grew 5% YoY to Rs2.7bn, driven by growth in Pumps, while Consumer Durables segment revenue rose 10% YoY to Rs2bn, led by double digit growth in fans and water heaters. Electronics revenue was flat YoY at Rs1.5bn. Revenue from South region grew by 4% YoY to Rs3.9bn (62% of total sales), while Non-south region grew by 8% YoY to Rs2.4bn (38% of total sales). Gross margin jumped 320bps YoY to 33.2%, led by margin improvement across all segments due to premiumization, benign raw material cost and pricing actions. Consequently, EBITDA rose 32% YoY to Rs594mn, leading to an operating margin of 9.5%, up 190bps YoY, exactly in-line with our estimate. PAT grew by 27% YoY to Rs429mn, below our/consensus estimate of Rs462mn/Rs480mn. VIL aims to diversify revenue profile by expanding product portfolio and scaling up non-South region and channels like modern retail and e-commerce. While near term growth outlook depends on demand recovery and onset of summer season, VIL expects to sustain its gross margin profile. We have marginally tweaked our earnings estimate and maintained Accumulate rating on the stock with a revised target price of Rs237 (Rs245 earlier) based on 38x September 2021E EPS.
... Read more

VGUARD Share Price Target - Broker Reports - 2019

7-Nov-19
Price @ Call: 247.75
Target: 285
BUY
Valuation – We maintain Buy with a revised PT of Rs. 285: We have tweaked our estimate for FY2020 factoring higher operating margins. We believe V-Guard’s strategy of differentiating products and avoiding deep discounting is expected to protect OPM going ahead. The gradual improvement in consumer demand along with start of best period for sales from December 2019 to March 2020 augurs well for the company’s product portfolio. The increasing contribution from non-South region, launch of new products and increasing penetration in tier II & III cities is expected to revive the company’s higher revenue growth trajectory. Further, moving towards in-house manufacturing for stabilisers (currently 50% in-house production), water heaters (50% in-house), and fans (nil) over the next 2-3 years will bring in benefits of scale andbetter control over gross margins. Hence, we retain Buy with a revised PT of Rs. 285 due to presence of multiple growth levers on the medium to long term.
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29-Jul-19
Price @ Call: 233.6
Target: 261
BUY
Growth momentum back V-Guard’s 1Q performance was robust owing to benefits of a harsh summer and favorable base. Stabilizer biz (cash cow) fired led by >20% growth in RAC market. V-Guard is expected to regain lost ground in FY20 led by (1) Healthy growth of stabilizers, (2) Robust festive season performance (Kerala foods impacted last year), (3) Favorable base in the rest of FY20 (adj. EBITDA declined by 9%). We moderate our growth assumptions and hence cut EPS by 2% over FY20-21E. We value at 35x on Jun-21 EPS, arriving at a TP of Rs 261. Maintain BUY.
... Read more

29-Jul-19
Price @ Call: 233.6
Target: 282
BUY
We are positive on the long term prospects of the company, given its market leadership position, strong financial track record, strong levers for margin expansion and quest to become a pan-India player. At CMP the stock trades at 46X & 39X FY20E & FY21E respectively. We are valuing the company 47XFY21E EPS to arrive at a target price of INR 282 and maintain BUY rating.
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26-Jul-19
Price @ Call: 235.96
Target: 280
BUY
We upgrade to Buy with a revised PT of Rs. 280:
V-Guard is expected to post strong earnings growth during FY2020 due to low base (Q2and Q3 of FY2019 was affected by Kerala floods). Further, its focus on non-South region has started bearing fruits in terms of improving overall revenue growth. It is cash positive with Rs. 300 crore which will aid in inorganicexpansion (at better valuation in current environment). The management’skey focus areas would be increasing non-South presence, expansion intoadjacencies and improving efficiencies. We expect revenue/operating profit/ net profit to grow at 15.0%/25.7%/26.7% respectively during FY2019-FY2021E. We revise our price target to Rs. 280 increasing valuation multiple owing tomultiple growth levers. Consequently, we upgrade V-Guard to Buy.
... Read more

26-Jul-19
Price @ Call: 240.05
Target: 245
ACCUMULATE
VIL aims for 15% revenue growth over the next few years, driven by expansion in the Non-south markets and scaling up of new product categories. It expects EBITDA margin of 9.5% to 10% for FY20. We have marginally tweaked our earnings estimate and maintained Accumulate rating on the stock with a target price of Rs245 based on 38x FY21E EPS.
... Read more

3-Jun-19
Price @ Call: 237.32
Target: 255
HOLD
We maintain Hold rating with a revised PT of Rs. 255: V-Guard’s growth revival hinges upon better performance of its Stabilizer segment, sustained growth momentum in cables and better pan-out of summer season next year. Although we have factored in almost 15% y-o-y CAGR growth in revenues along with improvement in margins over FY2019-FY2021E, the stock is currently trading at 38x its FY2021E earnings which provides an unfavourable risk reward ratio. Hence, at this stage, we maintain our Hold rating on the stock with revised PT of Rs. 255.
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31-May-19
Price @ Call: 236.76
Target: 245
ACCUMULATE
Over FY19-FY21E, we expect VIL to register healthy earnings CAGR of 28% (partly aided by a suppressed base). Robust free cash flow, healthy return ratios, lean working capital cycle, and high fixed-asset turnover will support VIL’s valuation.VIL expects to revert to normal revenue growth (15%) and EBITDA margin (10%) level in FY20. We slightly tweak our earnings estimate and revise our target price to Rs245 (from Rs250 earlier) based on 38x FY21E EPS. Post the recent uptick in stock price, our rating stands downgraded to Accumulate from Buy earlier.
... Read more

31-May-19
Price @ Call: 236.76
Target: 235
HOLD
We model revenue earning CAGR of 15%, 23% in FY19-21E led by strong performance by new product categories and expansion in new geographies. However, rising competition coupled with higher discounts in the non-south regions would restrict upward movement of EBITDA margin in future. Hence we believe, at the CMP, the stock discounts near term positives of earning growth, lower working capital requirements and positive free cash flows. We maintain our HOLD rating on the stock with a revised target price of Rs 235/share.
... Read more

5-Feb-19
Price @ Call: 193.92
Target: 220
HOLD

6-Feb-19
Price @ Call: 193.3
Target: 207
HOLD

4-Feb-19
Price @ Call: 199.6
Target: 205
HOLD

VGUARD Share Price Target - Broker Reports - 2018

17-Dec-18
Price @ Call: 215.15
Target: 248
BUY

31-Oct-18
Price @ Call: 179.95
Target: 240
BUY

29-Oct-18
Price @ Call: 175.05
Target: 198
BUY

27-Oct-18
Price @ Call: 174.26
Target: 214
BUY

2-Aug-18
Price @ Call: 210.85
Target: 220
HOLD

2-Aug-18
Price @ Call: 210.85
Target: 245
BUY

2-Aug-18
Price @ Call: 210.85
Target: 244
BUY

2-Aug-18
Price @ Call: 211
Target: 246
BUY

2-Aug-18
Price @ Call: 210.85
Target: 220
HOLD

6-Jul-18
Price @ Call: 193.49
Target: 220
BUY

31-May-18
Price @ Call: 221.65
Target: 253
BUY

15-Jun-18
Price @ Call: 215
Target: 200
SELL

8-Jun-18
Price @ Call: 206.91
Target: 225
ACCUMULATE

30-Jan-18
Price @ Call: 228.63
Target: 235
HOLD

VGUARD Share Price Target - Broker Reports - 2017

3-Nov-17
Price @ Call: 225.53
Target: 227
BUY

28-Sep-17
Price @ Call: 178.8
Target: 214
BUY

18-Sep-17
Price @ Call: 196.8
Target: 215
BUY

4-Aug-17
Price @ Call: 181
Target: 185
HOLD

2-Aug-17
Price @ Call: 181
Target: 207
BUY

22-May-17
Price @ Call: 194
Target: 201
NEUTRAL

27-Feb-17
Price @ Call: 152.14
Target: 178.57
BUY

6-Feb-17
Price @ Call: 148.57
Target: 165
ACCUMULATE

1-Feb-17
Price @ Call: 146.43
Target: 175
BUY

VGUARD Share Price Target - Broker Reports - 2016

6-May-16
Price @ Call: 84.78
Target: 103.64
BUY

20-Dec-16
Price @ Call: 170
Target: 179
NEUTRAL

13-Dec-16
Price @ Call: 171
Target: 191
HOLD

  • VGUARD - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Nirmal Bang23713.73%
    Sharekhan28528.26%
    HDFC Securities26121.67%
    Cholamandalam Securities28227.50%
    ICICIdirect.com23513.00%
  • VGUARD Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3206.77
    Upside Target 2205.38
    Upside Target 1203.77
    Pivot202.38
    Downside Target 1200.77
    Downside Target 2199.38
    Downside Target 3197.77
  • VGUARD Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3212.87
    Upside Target 2209.43
    Upside Target 1206.17
    Pivot202.73
    Downside Target 1199.47
    Downside Target 2196.03
    Downside Target 3192.77
  • VGUARD Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3264.22
    Upside Target 2249.08
    Upside Target 1237.27
    Pivot222.13
    Downside Target 1210.32
    Downside Target 2195.18
    Downside Target 3183.37
  • VGUARD Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3205.38
    Upside Target 2204.24
    Upside Target 1203.53
    Pivot202.38
    Downside Target 1201.24
    Downside Target 2200.53
    Downside Target 3199.38
  • VGUARD Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3209.43
    Upside Target 2206.87
    Upside Target 1205.29
    Pivot202.73
    Downside Target 1200.17
    Downside Target 2198.59
    Downside Target 3196.03
  • VGUARD Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3249.08
    Upside Target 2238.79
    Upside Target 1232.43
    Pivot222.13
    Downside Target 1211.84
    Downside Target 2205.48
    Downside Target 3195.18
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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