Buy V-Guard Industries, target price Rs 280: JM Financial

JM Financial has buy call on V-Guard Industries with a target price of Rs 280. The current market price of V-Guard Industries is Rs 255.1.
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 11007.84 Crore) operating in Consumer Durables sector.


V-Guard Industries Ltd. key Products/Revenue Segments include Electricals, Consumer Durables, Electronics & Mechanical Components, Scrap, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 989.43 Crore, down -3.32 % from last quarter Total Income of Rs 1023.41 Crore and up 8.73 % from last year same quarter Total Income of Rs 909.97 Crore. Company has reported net profit after tax of Rs 43.66 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 55.88 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.39 per cent, DIIs 18.09 per cent.