Add V-Guard Industries, target price Rs 282: ICICI Securities

ICICI Securities has add call on V-Guard Industries with a target price of Rs 282. The current market price of V-Guard Industries is Rs 234.2.

Time period given by analyst is one year when V-Guard Industries Ltd. 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 10062.11 Crore) operating in Consumer Durables sector.


V-Guard Industries Ltd. key Products/Revenue Segments include Electricals, Electronics & Mechanical Components, Consumer Durables, Scrap, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 909.97 Crore, up 59.91 % from last quarter Total Income of Rs 569.06 Crore and up 44.54 % from last year same quarter Total Income of Rs 629.58 Crore. Company reported net profit after tax of Rs 59.40 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.05 per cent stake in the company as of 30-Sep-2021, while FIIs owned 14.29 per cent, DIIs 15.64 per cent.