V-Guard: A viable option for investors looking for reliability, growth

The growth trajectory is strong on the back of the company’s financial track record, business strategy, and competitive market positioning

Neha Gupta
Sachin Pal
June 12, 2023 / 10:01 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Broad-based decline in margins across segments Share of revenues from non-south markets rising Synergies from Sunflame acquisition to accrue in the medium term Debt increased post the acquisition V-Guard Ltd (VIL) has reported mediocre fourth-quarter results with growth in the core business offset by weak profitability metrics. The business continues to make steady, incremental progress in bolstering its presence in the consumer durables market. Slow growth in Q4 The company reported a revenue growth of 8 percent year on year (YoY), majorly driven by the...