V Guard :

• Cochin based company
• Manufactures variety of electrical items
• Stabilizers (contributing 19.9% of revenue)
• UPS (10.3%)
• Pumps (10.1%)
• Cables and wires (32.2%)
• Water heaters (15.9%)
• Fan (7.8%)
• Kitchen appliances (2.1%)
• Switch gears (1.7%)
• South India is the major market contributing 67% of the revenue
• Network includes 28 branches, 621 distributors, 5501 channel partners and 25000 retailers
• Asset light model of business : 60% of products outsourced.
• Almost debt free (Debt equity ratio of 0.05 Vs 0.27 about an year ago)
• Interest expenses was down 51.9%