V-Guard Industries gains on surge in sales in FY 2013

The company made the announcement during trading hours today, 8 April 2013.

Meanwhile, the S&P BSE Sensex was up 9.64 points or 0.05% at 18,459.87.

On BSE, 3,935 shares were traded in the counter as against average daily volume of 8,287 shares in the past one quarter.

The stock hit a high of Rs 451 and a low of Rs 439 so far during the day. The stock had hit a record high of Rs 590.50 on 19 December 2012. The stock had hit a 52-week low of Rs 180 on 28 April 2012.

The stock had underperformed the market over the past one month till 5 April 2013, sliding 7.67% compared with the Sensex's 3.62% fall. The scrip had also underperformed the market in past one quarter, declining 12.67% as against Sensex's 6.74% fall.

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

V-Guard Industries said that sales from new markets outside south India also showed tremendous increase in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). The upward trend in sales of all products contributed to the increased turnover in FY 2013, the company said.

V-Guard Industries' net profit rose 23.3% to Rs 15.35 crore on 42.7% growth in net sales to Rs 348.11 crore in Q3 December 2012 over Q3 December 2011.

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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