Capital Goods - Electrical Equipment
Capital Goods - Electric General
from 325 today
V-Guard Industries Ltd. delivered a strong start to FY27 with Q1 revenue up 23.5% YoY and EBITDA surging 54% YoY, driven by healthy demand, product mix, and margin expansion. We maintain a BUY rating with a target price of Rs.404, valuing the stock at 35x FY28E EPS.
We retain a Buy with an unchanged PT of Rs. 430, given a positive business outlook factoring in strong growth from the electricals & electronics businesses and strong earnings growth trajectory for the next two years.
V-Guard commenced FY27 with strong performance, driven by healthy summer demand and sustained execution across key product categories. We maintain BUY with a DCF-based unchanged TP of INR 385.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
