In an interview to CNBC-TV18, Mithun Chittilappilly, MD of V-Guard Industries, said though there has been an improvement in consumer sentiment, footfall is yet to pick up.
Target to achieve 8.5-9 percent operational margins this fiscal
Mithun Chittilappilly
ED
V Guard Industries
V-Guard Industries has been in the spotlight with the stock gaining around 133 percent this year – from a low of Rs 403 it touched a high of Rs 1140 in November.
In an interview to CNBC-TV18, Mithun Chittilappilly, MD of V-Guard Industries, said though there has been an improvement in consumer sentiment, footfall is yet to pick up. Among regions, Andhra has seen a substantial improvement in demand, he said, adding that company will stick to its 20 percent revenue growth guidance for FY15.
According to Chittilappilly, the second quarter typically remains for the company, but the second half of the fiscal contributes 55 percent of the overall business. He feels a fall in reduction in crude price should reduce freight costs and expects to achieve 8.5-9 percent operational margins this fiscal. The fourth quarter is generally the strongest quarter for the company and a revival in southern markets will reflect in results going forward, he added.
V-Guard Ind stock price
On December 01, 2014, at 14:13 hrs V-Guard Industries was quoting at Rs 1107.00, up Rs 13.10, or 1.20 percent. The 52-week high of the share was Rs 1140.00 and the 52-week low was Rs 403.05.
The company's trailing 12-month (TTM) EPS was at Rs 26.60 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 41.62. The latest book value of the company is Rs 106.66 per share. At current value, the price-to-book value of the company is 10.38.
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