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V Guard Industries Ltd
NSE:VGUARD

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V Guard Industries Ltd
NSE:VGUARD
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Price: 322 INR 0.47%
Market Cap: ₹140.6B

Income Statement

Earnings Waterfall
V Guard Industries Ltd

Income Statement
V Guard Industries Ltd

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Income Statement
Currency: INR
Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Revenue
Interest Expense
52
47
44
40
41
51
66
83
97
113
130
146
162
159
0
0
0
190
0
0
0
200
0
0
0
195
0
0
0
73
0
0
0
10
0
0
0
8
0
0
0
32
0
0
0
51
0
0
0
68
0
0
0
146
0
0
0
363
0
0
0
208
0
0
0
Revenue
3 137
N/A
3 168
+1%
3 246
+2%
3 476
+7%
3 980
+14%
4 541
+14%
5 365
+18%
5 891
+10%
6 463
+10%
7 266
+12%
7 915
+9%
8 442
+7%
9 140
+8%
9 646
+6%
10 506
+9%
11 526
+10%
12 549
+9%
13 602
+8%
14 494
+7%
14 699
+1%
14 738
+0%
15 176
+3%
15 870
+5%
16 843
+6%
17 268
+3%
17 459
+1%
17 676
+1%
17 697
+0%
17 906
+1%
18 623
+4%
19 357
+4%
19 974
+3%
20 407
+2%
21 142
+4%
6 424
-70%
12 469
+94%
18 482
+48%
25 940
+40%
26 582
+2%
26 770
+1%
27 076
+1%
25 029
-8%
22 043
-12%
22 040
0%
24 071
+9%
27 212
+13%
28 784
+6%
31 628
+10%
32 952
+4%
34 982
+6%
39 513
+13%
40 300
+2%
40 434
+0%
41 260
+2%
43 218
+5%
44 695
+3%
46 540
+4%
48 567
+4%
51 190
+5%
52 793
+3%
53 825
+2%
55 778
+4%
55 668
0%
56 137
+1%
57 486
+2%
Gross Profit
Cost of Revenue
(2 143)
(2 168)
(2 206)
(2 319)
(2 606)
(3 077)
(3 698)
(4 146)
(4 592)
(5 176)
(5 600)
(5 991)
(6 665)
(7 213)
(7 668)
(8 531)
(9 230)
(10 407)
(10 828)
(10 890)
(10 884)
(11 554)
(11 841)
(12 525)
(12 825)
(13 162)
(12 965)
(12 953)
(12 949)
(13 379)
(13 480)
(13 722)
(13 898)
(15 411)
(4 443)
(8 671)
(12 854)
(18 477)
(18 371)
(18 237)
(18 244)
(17 054)
(14 741)
(14 877)
(16 274)
(18 955)
(19 402)
(21 402)
(22 475)
(24 948)
(27 518)
(28 265)
(28 512)
(29 728)
(29 914)
(30 446)
(31 245)
(33 280)
(33 449)
(34 242)
(34 636)
(36 753)
(35 403)
(35 472)
(36 365)
Gross Profit
994
N/A
1 000
+1%
1 039
+4%
1 156
+11%
1 374
+19%
1 464
+7%
1 667
+14%
1 745
+5%
1 871
+7%
2 090
+12%
2 314
+11%
2 450
+6%
2 474
+1%
2 434
-2%
2 838
+17%
2 995
+6%
3 319
+11%
3 195
-4%
3 666
+15%
3 809
+4%
3 855
+1%
3 622
-6%
4 030
+11%
4 318
+7%
4 442
+3%
4 297
-3%
4 710
+10%
4 744
+1%
4 957
+4%
5 244
+6%
5 877
+12%
6 252
+6%
6 509
+4%
5 731
-12%
1 981
-65%
3 798
+92%
5 628
+48%
7 463
+33%
8 211
+10%
8 532
+4%
8 831
+4%
7 975
-10%
7 301
-8%
7 163
-2%
7 798
+9%
8 258
+6%
9 382
+14%
10 226
+9%
10 476
+2%
10 034
-4%
11 995
+20%
12 035
+0%
11 922
-1%
11 532
-3%
13 304
+15%
14 248
+7%
15 295
+7%
15 287
0%
17 741
+16%
18 550
+5%
19 189
+3%
19 026
-1%
20 265
+7%
20 665
+2%
21 121
+2%
Operating Income
Operating Expenses
(733)
(726)
(729)
(806)
(957)
(1 031)
(1 167)
(1 209)
(1 283)
(1 436)
(1 639)
(1 800)
(1 766)
(1 586)
(1 889)
(1 903)
(2 201)
(2 209)
(2 715)
(2 887)
(2 901)
(2 508)
(2 839)
(3 051)
(3 257)
(3 115)
(3 506)
(3 532)
(3 615)
(3 597)
(4 048)
(4 256)
(4 477)
(3 785)
(1 561)
(2 930)
(4 360)
(5 421)
(5 967)
(6 020)
(6 182)
(5 634)
(5 651)
(5 552)
(5 666)
(5 493)
(6 321)
(7 005)
(7 583)
(7 135)
(8 763)
(9 063)
(9 188)
(8 975)
(10 589)
(11 384)
(12 098)
(11 788)
(13 792)
(14 447)
(15 119)
(14 810)
(16 457)
(16 916)
(17 196)
Selling, General & Administrative
(530)
(678)
(505)
(569)
(679)
(948)
(832)
(847)
(902)
(1 229)
(1 047)
(1 091)
(1 081)
(1 400)
(1 148)
(1 192)
(1 336)
(1 995)
(1 751)
(1 857)
(1 849)
(2 298)
(1 441)
(1 554)
(1 697)
(2 850)
(1 869)
(1 919)
(1 951)
(3 310)
(2 224)
(2 328)
(2 478)
(3 453)
(505)
(1 019)
(1 520)
(4 819)
(2 160)
(2 105)
(2 197)
(4 904)
(2 028)
(2 075)
(2 115)
(4 566)
(2 295)
(2 501)
(2 623)
(6 028)
(2 908)
(2 859)
(2 880)
(7 678)
(3 281)
(3 679)
(3 729)
(10 201)
(4 215)
(4 447)
(4 921)
(12 944)
(5 366)
(5 435)
(5 293)
Research & Development
0
(8)
0
0
0
(12)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
(38)
(40)
(47)
(52)
(61)
(71)
(75)
(80)
(81)
(79)
(84)
(88)
(92)
(97)
(103)
(108)
(113)
(114)
(116)
(116)
(118)
(120)
(129)
(138)
(146)
(154)
(156)
(156)
(155)
(154)
(153)
(155)
(159)
(162)
(55)
(112)
(171)
(230)
(246)
(261)
(279)
(294)
(305)
(320)
(341)
(386)
(418)
(443)
(483)
(491)
(516)
(554)
(583)
(644)
(705)
(753)
(778)
(808)
(828)
(852)
(911)
(956)
(1 002)
(1 051)
(1 066)
Other Operating Expenses
(165)
0
(177)
(185)
(217)
0
(259)
(281)
(300)
(128)
(509)
(622)
(592)
(89)
(637)
(602)
(752)
(99)
(848)
(915)
(934)
(91)
(1 268)
(1 357)
(1 413)
(110)
(1 482)
(1 458)
(1 510)
(134)
(1 670)
(1 772)
(1 839)
(169)
(1 002)
(1 799)
(2 669)
(372)
(3 561)
(3 654)
(3 706)
(436)
(3 318)
(3 155)
(3 208)
(541)
(3 610)
(4 063)
(4 479)
(616)
(5 341)
(5 652)
(5 725)
(652)
(6 604)
(6 952)
(7 591)
(779)
(8 749)
(9 148)
(9 288)
(911)
(10 088)
(10 430)
(10 837)
Operating Income
261
N/A
274
+5%
310
+13%
350
+13%
416
+19%
433
+4%
499
+15%
535
+7%
587
+10%
654
+11%
676
+3%
650
-4%
708
+9%
847
+20%
948
+12%
1 092
+15%
1 118
+2%
986
-12%
951
-4%
922
-3%
954
+3%
1 113
+17%
1 192
+7%
1 268
+6%
1 186
-6%
1 182
0%
1 204
+2%
1 212
+1%
1 342
+11%
1 647
+23%
1 829
+11%
1 996
+9%
2 032
+2%
1 946
-4%
420
-78%
868
+107%
1 268
+46%
2 042
+61%
2 244
+10%
2 513
+12%
2 650
+5%
2 341
-12%
1 652
-29%
1 612
-2%
2 133
+32%
2 764
+30%
3 062
+11%
3 222
+5%
2 894
-10%
2 898
+0%
3 231
+11%
2 971
-8%
2 733
-8%
2 558
-6%
2 715
+6%
2 865
+6%
3 197
+12%
3 499
+9%
3 949
+13%
4 104
+4%
4 070
-1%
4 216
+4%
3 808
-10%
3 750
-2%
3 925
+5%
Pre-Tax Income
Interest Income Expense
(52)
(19)
(44)
(40)
(42)
(46)
(67)
(84)
(97)
(108)
(129)
(145)
(162)
(153)
(177)
(178)
(181)
(172)
(210)
(215)
(220)
(186)
(209)
(214)
(213)
(182)
(192)
(161)
(123)
(43)
(55)
(38)
(28)
87
13
25
36
105
74
87
99
121
103
124
138
105
103
45
10
7
(13)
(20)
(46)
(22)
(253)
(327)
(398)
(117)
(373)
(355)
(319)
(109)
(202)
(147)
(119)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
36
36
36
36
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(221)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
(1)
0
0
0
(5)
0
0
0
0
0
0
0
(3)
0
0
0
(1)
0
0
0
(10)
0
0
0
(13)
0
0
0
(3)
0
0
0
(7)
0
0
0
(3)
0
0
0
(7)
0
0
0
(2)
0
0
0
(9)
0
0
0
(7)
0
0
0
Total Other Income
26
9
21
14
9
9
13
13
14
10
18
19
23
3
26
33
40
7
42
42
39
19
44
44
44
15
55
61
67
15
87
108
123
18
15
39
69
51
134
154
149
41
90
54
35
15
31
30
34
42
72
98
148
24
237
346
318
30
292
190
213
39
192
201
204
Pre-Tax Income
236
N/A
263
+11%
288
+10%
325
+13%
385
+18%
395
+3%
447
+13%
466
+4%
505
+8%
591
+17%
600
+2%
559
-7%
604
+8%
692
+15%
797
+15%
947
+19%
977
+3%
822
-16%
783
-5%
749
-4%
773
+3%
943
+22%
1 026
+9%
1 097
+7%
1 015
-7%
1 014
0%
1 066
+5%
1 111
+4%
1 286
+16%
1 610
+25%
1 862
+16%
2 067
+11%
2 128
+3%
2 037
-4%
448
-78%
931
+108%
1 372
+47%
2 196
+60%
2 452
+12%
2 754
+12%
2 898
+5%
2 496
-14%
1 844
-26%
1 790
-3%
2 306
+29%
2 881
+25%
3 196
+11%
3 297
+3%
2 938
-11%
2 940
+0%
3 291
+12%
3 051
-7%
2 837
-7%
2 557
-10%
2 700
+6%
2 883
+7%
3 118
+8%
3 403
+9%
3 868
+14%
3 939
+2%
3 964
+1%
4 140
+4%
3 799
-8%
3 803
+0%
3 789
0%
Net Income
Tax Provision
(85)
(89)
(102)
(111)
(132)
(140)
(150)
(153)
(159)
(165)
(161)
(139)
(146)
(184)
(206)
(245)
(245)
(193)
(183)
(184)
(187)
(241)
(278)
(303)
(304)
(307)
(331)
(336)
(389)
(493)
(569)
(613)
(609)
(591)
(103)
(205)
(305)
(515)
(585)
(680)
(722)
(613)
(454)
(472)
(649)
(862)
(959)
(982)
(866)
(655)
(728)
(645)
(578)
(667)
(701)
(732)
(776)
(827)
(944)
(971)
(976)
(1 002)
(913)
(898)
(916)
Income from Continuing Operations
151
173
185
213
252
255
297
313
345
426
438
418
458
508
592
704
733
629
599
564
585
701
748
795
712
707
737
776
899
1 117
1 294
1 455
1 520
1 446
345
725
1 066
1 680
1 865
2 072
2 173
1 883
1 387
1 316
1 656
2 019
2 237
2 315
2 072
2 284
2 563
2 406
2 260
1 890
1 999
2 152
2 341
2 576
2 923
2 968
2 988
3 137
2 886
2 905
2 873
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
(3)
(8)
(10)
(14)
(16)
(11)
(9)
(7)
(6)
(11)
(11)
(9)
(14)
(7)
(7)
(6)
2
1
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
151
N/A
173
+15%
185
+7%
213
+15%
252
+18%
255
+1%
297
+16%
313
+5%
345
+10%
426
+23%
438
+3%
418
-5%
458
+10%
508
+11%
592
+17%
704
+19%
733
+4%
629
-14%
599
-5%
564
-6%
585
+4%
701
+20%
748
+7%
795
+6%
712
-10%
707
-1%
737
+4%
776
+5%
899
+16%
1 117
+24%
1 294
+16%
1 455
+12%
1 520
+4%
1 446
-5%
345
-76%
725
+110%
1 064
+47%
1 672
+57%
1 855
+11%
2 058
+11%
2 157
+5%
1 871
-13%
1 381
-26%
1 311
-5%
1 652
+26%
2 008
+22%
2 225
+11%
2 305
+4%
2 058
-11%
2 277
+11%
2 556
+12%
2 400
-6%
2 261
-6%
1 891
-16%
1 999
+6%
2 152
+8%
2 341
+9%
2 576
+10%
2 923
+13%
2 968
+2%
2 988
+1%
3 137
+5%
2 886
-8%
2 905
+1%
2 873
-1%
EPS (Diluted)
0.36
N/A
0.42
+17%
0.45
+7%
0.51
+13%
0.61
+20%
0.61
N/A
0.72
+18%
0.76
+6%
0.83
+9%
1.02
+23%
1.05
+3%
1
-5%
1.1
+10%
1.22
+11%
1.41
+16%
1.68
+19%
1.75
+4%
1.51
-14%
1.43
-5%
1.35
-6%
1.4
+4%
1.68
+20%
1.78
+6%
1.89
+6%
1.69
-11%
1.67
-1%
1.75
+5%
1.83
+5%
2.14
+17%
2.63
+23%
3.04
+16%
3.39
+12%
3.53
+4%
3.37
-5%
0.8
-76%
1.68
+110%
2.46
+46%
3.86
+57%
4.28
+11%
4.75
+11%
4.98
+5%
4.33
-13%
3.29
-24%
3.04
-8%
3.83
+26%
4.65
+21%
5.15
+11%
5.33
+3%
4.72
-11%
5.25
+11%
5.89
+12%
5.49
-7%
5.17
-6%
4.35
-16%
4.59
+6%
4.89
+7%
5.36
+10%
5.88
+10%
6.66
+13%
6.76
+2%
6.8
+1%
7.14
+5%
6.56
-8%
6.6
+1%
6.53
-1%
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett