V-Guard Industries drops after weak Q4 numbers

The Q4 result was announced after market hours on Wednesday, 15 May 2013.

Meanwhile, the S&P BSE Sensex was up 80.65 points or 0.4% at 20,293.61.

On BSE, 33,000 shares were traded in the counter as against average daily volume of 12,343 shares in the past one quarter.

The stock hit a high of Rs 507.50 and a low of Rs 480 so far during the day. The stock had hit a 52-week low of Rs 180 on 25 May 2012. The stock had hit a record high of Rs 590.50 on 19 December 2012.

The stock had underperformed the market over the past one month till 15 May 2013, surging 9.02% compared with the Sensex's 10.11% rally. The scrip had, however, outperformed the market in past one quarter, jumping 7.85% as against Sensex's 3.83% rise.

The small-cap company has equity capital of Rs 29.85 crore. Face value per share is Rs 10.

V-Guard Industries' net profit rose 23.9% to Rs 62.92 crore on 40.8% growth in net sales to Rs 1348.57 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

V-Guard Industries' board of directors at a meeting held on Wednesday, 15 May 2013, recommended final dividend of Rs 3.50 per share for FY 2013.

V-Guard Industries is one of the leading producers of voltage stabilizers in South India. The company's other range of products include pumps & motors, electric water heaters, solar water heaters, cables, UPS, and ceiling fans.

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