V-Guard Industries share price today

V-Guard Industries Ltd's share price was ₹292.25 at the close on 6 November 2026. It has been falling for 58 weeks. That is 8.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹269 and ₹351, and at that close it sat 28% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today V-Guard Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running.

Over the last 11 years the share price moved +393% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 5 quarters in a row and highest quarterly revenue in 16 quarters.

1. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹1,853 crore, +38.2% on a year earlier.

   Why: Revenue rose because the electricals business, the largest part of sales, grew strongly as wire prices jumped and pumps and switchgear sold more units.

   Next results: check whether sales volume grows by the mid teens in the second half on the higher first half base.

   From the earnings call on 30 Oct 2026.

2. Highest quarterly revenue in 16 quarters

   Revenue of ₹1,853 crore in the September 2026 quarter is the highest of the last 16 quarters.

For July to September 2026 (the quarter ended 30 September 2026), V-Guard Industries reported revenue of ₹1,853 crore, up 38.2% from ₹1,341 crore a year earlier, and a profit of ₹112 crore, up 72.3% from ₹65.0 crore.

V-Guard Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

V-Guard Industries' management discussed these results on a call held on 30 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

V-Guard Industries closed at ₹292.25 on 6 November 2026, down 19.0% from ₹360.95 a year earlier (7 November 2025) and up 11.5% over five years. Its highest weekly close since March 2016 was ₹524.15 on 16 August 2024.

V-Guard Industries share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: V-Guard Industries closed at ₹292.25, up 4.3% on the week and up 1.4% on the month. 30 Oct 2026: V-Guard Industries held its results call for July to September 2026. Management guided: H2 volume growth mid-teens on higher H1 base with momentum to sustain on normal inventory.

Earlier

• Results for July to September 2026: Revenue up 38.2% and profit up 72.3% on a year earlier.
• 31 Jul 2026: ex-date for a dividend of ₹1.50 a share.

V-Guard Industries paid ₹1.50 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 0.51% at the ₹292.25 close on 6 November 2026. The last was a dividend of ₹1.50 a share, ex-date 31 July 2026.

V-Guard Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. V-Guard Industries Ltd paid out 21% of its profit as dividends in FY26, and it paid a dividend in each of its last 10 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 30 October 2026, V-Guard Industries' management guided: H2 volume growth mid-teens on higher H1 base with momentum to sustain on normal inventory.

“Excluding wires, overall, all other categories put together, 10% is price growth and 25% is volume growth.”Ramachandran V, on the call for July to September 2026

What management guided

• Full-year operating margin 9-10% on course with H1 near 9.6-10% and seasonal Q3 Q4 improvement.
• Minimum 3-4% further pricing to close gap via Q3 hikes after 6-12% already taken.
• Lighting full portfolio by April-May with meaningful revenue from Q1 next year.
• Sunflame portfolio refresh over next 6-12 months to sustain stronger growth.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

When V-Guard Industries reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: Pricing pass-through closure in Q3 against flagged gap - check gross margin recovery and hike execution.

V-Guard Industries is not on any of our India lists this week.

V-Guard Industries Ltd earned ₹112 Cr of net profit in the Sep 2026 quarter, +72.3% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹308 Cr. Over 9 years profit has grown 8.7% a year on average. That is 6.0% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹65.0 Cr.

For the full year, FY26 profit was ₹308 Cr (−1.9% on the year before).

Why profit moved: revenue changed +38.2% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +41.5% and revenue +21.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

V-Guard Industries Ltd reported ₹1,853 Cr of revenue in the Sep 2026 quarter, +38.2% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 9 years it has grown 12.4% a year on average. The last full year, FY26, came in at ₹5,966 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹6,823 Cr.

FY26 revenue was ₹5,966 Cr, +7.0% on the year before.

Recent pace: the last four quarters grew +21.6% on average, against 12.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +21.5%, against +13.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +41.7%, against +17.8% a year (accelerating).

V-Guard Industries Ltd's operating margin was 9.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 10 years it has been between 8.0% and 11.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.9 percentage points on the year while gross margin changed −3.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 151% of V-Guard Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹459 Cr of operating cash against ₹308 Cr of profit. After ₹230 Cr of spending on assets, ₹229 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 151% of profit came in as cash: the cash cycle got 23 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building.

V-Guard Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 60 days in FY26, down from 83 days in FY21. It spent ₹556 Cr on assets over the last 3 years. Customers take 33 days to pay, and stock sits for 98 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,966 Cr, each day of that cycle ties up about ₹16.3 Cr, so roughly ₹981 Cr is tied up in the business at any time.

FY26: customers took 33 days to pay and stock sat for 98 days, about 3.2 months of sales sitting as stock, for a full cycle of 60 days, shorter than FY21's 83.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 98 days. Customers pay about 33 days after that. Suppliers are paid at 71 days. Together that makes the 60-day cycle.

Spending on assets: ₹556 Cr over the last 3 years, against ₹285 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹21.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

V-Guard Industries Ltd's P/E is 30.0×, about the lowest it has ever been. Its usual P/E (the middle reading) is 53.1×, over 8.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹9.42.