V-Guard Industries Ltd (NSE:VGUARD)
₹ 331.75 +7.45 (+2.3%) Market Cap: 144.85 Bil Enterprise Value: 144.22 Bil PE Ratio: 39.94 PB Ratio: 6.09 GF Score: 88/100

Q4 2026 V Guard Industries Ltd Earnings Call Transcript

May 12, 2026 / 11:30AM GMT
Release Date Price: ₹321.25 (-3.28%)

Key Points

Positve
  • V-Guard Industries Ltd (BOM:532953) reported a robust Q4 FY26 performance with consolidated revenue of 1,755 crore, marking a 14.1% year-over-year increase.
  • The electronics segment, including stabilizers, UPS systems, inverters, and batteries, saw a strong growth of 22.3% year-over-year.
  • The electrical segment, the largest revenue contributor, registered a 15.9% year-over-year growth.
  • The company maintained healthy gross margins at 35.3% for the quarter, consistent with the previous year.
  • V-Guard Industries Ltd (BOM:532953) has a strong cash position with net cash of Rs 231 crore as of March 2026, compared to Rs 64 crore in the previous financial year.
Negative
  • The consumer durable segment, including fans and air coolers, reported only a 4.1% year-over-year revenue growth, with fans and air coolers witnessing a decline.
  • The EBITDA margin for the full year decreased to 8.8% from 9.2% previously.
  • Consolidated PAT for the full year was 308 crore, a decrease of 1.7% year-over-year.
  • The West Asia war has created challenges in terms of commodity inflation and supply uncertainty, impacting cost structures.
  • The company faces significant cost inflation across categories, with input costs increasing by 8% to 13%, necessitating further price hikes.
Operator

Ladies and gentlemen, good day and welcome to the WeGuard Q4 NFY26 Earnings Conference Call, hosted by Investec Capital Service Private Limited.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing *, then zero on your touch tone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Vineet Prasad from Investec Capital.

Thank you, and over to you, sir.

Vineet Prasad
Investec Bank PLC - Analyst

Thank you, sir.

Good evening, everyone. A warm welcome on behalf of Investec India to Q4FI26 on this call of Lizard Industry Limited. We have attached the senior management team of WeGuard represented by Mr. Mithun Chitlapalli, Managing Director, Mr. Ram Chandranvi, Director and Chief Operating Officer, Mr. Sudarshan Kasturi, Senior Vice President and Chief Financial

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