V-Guard Industries drops after weak Q4 numbers

V-Guard Industries lost 4.93% to Rs 498.20 at 10:29 IST on BSE after net profit declined 53.4% to Rs 8.94 crore on 36.4% growth in net sales to Rs 371.43 crore in Q4 March 2013 over Q4 March 2012.

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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