- V-Guard is a leading electronic and electrical company with a diversified product portfolio.
- It holds a significant position in the Indian electronics and electrical industry, particularly dominating the stabilizer market.
- Over the last decade, it has shown impressive performance, especially in the southern market, with a strong network of branches and channel partners.
- The company has expanded its product range to include water heaters, fans, pumps, and kitchen appliances through acquisitions like Sunflame.
- V-Guard is transitioning from outsourcing to in-house manufacturing to enhance efficiency and quality control.
- Currently, the manufacturing ratio is 60% in-house and 40% outsourcing, aiming to reach 75% in-house within the next 2-3 years.
- Geographically, V-Guard is diversifying its revenue streams, reducing dependence on southern regions and aiming for nationwide market penetration.
- Investments in advertising and promotion across regions indicate a commitment to broadening market presence.
- Despite subdued demand in the consumer durable industry, V-Guard exhibited strong growth in Q3 FY24, indicating resilience.
- The stock price is trading only 10% below an all-time high, reflecting investor confidence and high expectations for future performance.
