IVP Ltd

IVP Ltd

₹ 186 -0.16%
19 May 11:22 a.m.
About

Incorporated in 1929, IVP Ltd is in the business of Chemical Manufacturing and Distribution[1]

Key Points

Business Overview:[1]
IVPL is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified Company. It was originally part of the TATA Group but later got acquired by the Allanas Group. The company manufactures value-added chemicals for diverse industrial applications with a product portfolio of 150+ products.

  • Market Cap 193 Cr.
  • Current Price 186
  • High / Low 267 / 141
  • Stock P/E 17.0
  • Book Value 135
  • Dividend Yield 0.53 %
  • ROCE 9.96 %
  • ROE 8.41 %
  • Face Value 10.0

Pros

Cons

  • Company has a low return on equity of 11.6% over last 3 years.
  • Contingent liabilities of Rs.89.1 Cr.
  • Dividend payout has been low at 7.69% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

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
173.39 162.17 167.19 156.14 175.45 139.58 141.97 122.33 142.23 138.26 122.01 129.36 149.36
160.59 154.01 160.17 146.50 160.62 134.69 132.95 117.24 133.40 131.44 116.48 124.28 141.59
Operating Profit 12.80 8.16 7.02 9.64 14.83 4.89 9.02 5.09 8.83 6.82 5.53 5.08 7.77
OPM % 7.38% 5.03% 4.20% 6.17% 8.45% 3.50% 6.35% 4.16% 6.21% 4.93% 4.53% 3.93% 5.20%
0.85 0.64 5.09 9.19 0.82 0.76 0.75 0.69 0.83 0.81 0.79 1.04 0.94
Interest 2.78 2.80 3.38 3.12 2.94 2.61 2.23 2.00 1.85 1.82 1.82 2.05 2.10
Depreciation 1.29 1.28 1.32 1.31 1.29 1.36 1.38 1.40 1.40 1.39 1.41 1.47 1.46
Profit before tax 9.58 4.72 7.41 14.40 11.42 1.68 6.16 2.38 6.41 4.42 3.09 2.60 5.15
Tax % 24.01% 25.85% 22.94% 28.68% 25.22% 29.17% 24.68% 28.15% 26.05% 22.40% 30.10% 27.31% 25.63%
7.28 3.50 5.71 10.27 8.54 1.19 4.64 1.71 4.74 3.43 2.16 1.89 3.83
EPS in Rs 7.05 3.39 5.53 9.95 8.27 1.15 4.49 1.66 4.59 3.32 2.09 1.83 3.71
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
146 163 155 161 270 320 229 290 557 661 546 539
142 153 140 144 249 310 229 273 521 621 518 514
Operating Profit 4 11 15 17 21 9 -0 16 35 40 28 25
OPM % 3% 7% 9% 11% 8% 3% -0% 6% 6% 6% 5% 5%
2 1 5 1 1 2 2 2 3 16 3 4
Interest 0 1 0 0 3 8 10 7 10 12 9 8
Depreciation 1 1 1 1 3 3 5 5 5 5 6 6
Profit before tax 4 10 18 17 16 0 -13 7 23 38 17 15
Tax % 41% 34% 42% 36% 37% -1,107% -33% 33% 24% 26% 26% 26%
2 7 10 11 10 3 -9 4 18 28 12 11
EPS in Rs 2.38 6.71 10.09 10.47 10.06 3.27 -8.35 4.36 17.07 27.13 11.89 10.95
Dividend Payout % 42% 30% 20% 19% 20% 31% 0% 23% 9% 6% 8% 9%
Compounded Sales Growth
10 Years: 13%
5 Years: 19%
3 Years: -1%
TTM: -1%
Compounded Profit Growth
10 Years: 5%
5 Years: 27%
3 Years: -14%
TTM: -8%
Stock Price CAGR
10 Years: 14%
5 Years: 41%
3 Years: 3%
1 Year: 12%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 12%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 42 45 52 63 71 71 61 65 81 108 119 129
4 4 0 14 78 143 99 122 157 120 89 104
35 34 42 47 88 50 49 106 122 147 114 104
Total Liabilities 91 93 105 134 247 275 220 304 371 385 333 348
15 15 16 35 41 59 84 79 77 73 71 72
CWIP 0 0 1 2 17 26 0 0 0 2 2 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
75 78 88 96 188 189 136 224 293 310 260 275
Total Assets 91 93 105 134 247 275 220 304 371 385 333 348

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3 5 15 5 -30 -27 56 -14 -21 41 45 -2
-0 -3 0 -24 -28 -28 -5 -0 -3 10 -3 -5
-2 -2 -7 7 58 54 -54 16 23 -51 -41 6
Net Cash Flow 0 0 8 -11 -0 -0 -3 1 -1 -0 1 -1

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 134 135 131 135 144 140 147 175 137 115 115 123
Inventory Days 43 32 63 80 103 68 62 118 63 62 64 70
Days Payable 53 44 69 78 109 61 91 162 89 89 86 79
Cash Conversion Cycle 124 123 126 137 138 147 118 131 110 88 92 114
Working Capital Days 98 93 87 104 122 149 124 139 112 92 98 115
ROCE % 7% 19% 24% 23% 16% 5% -1% 7% 15% 15% 11% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32%
0.12% 0.00% 0.00% 0.00% 0.00% 0.01% 0.04% 0.00% 0.01% 0.00% 0.00% 0.00%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
28.55% 28.67% 28.66% 28.66% 28.67% 28.66% 28.63% 28.66% 28.66% 28.67% 28.67% 28.68%
No. of Shareholders 5,2855,3615,4905,3705,0125,1137,0376,8377,3137,4287,4117,292

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls