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Indorama Ventures Public Company Limited

Indorama Ventures Public Company Limited

IVL.BK
Indorama Ventures Public Company LimitedTH flagStock Exchange of Thailand
23.90
THB
- -
- -
134.19BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
47.59
50.66
48.75
52.89
51.95
62.99
62.82
59.05
83.37
116.89
96.44
96.46
79.66
78.04
Basic EPS, GAAP
0.28
0.35
1.37
3.36
3.79
4.8
0.94
0.43
4.68
5.52
-1.92
-3.43
-1.31
-1.58
Free Cash Flow per Basic Share
0.75
2.89
3.01
2.37
1.61
2.8
4.28
4.51
1.88
8.8
4.79
3.12
5.03
5.05
Dividend per Share
0.32
0.33
0.43
0.54
0.73
1.62
1.4
0.7
0.92
1.45
1.15
0.7
0.7
0.7
Book Value per Share
6.2
6.17
6.88
9.38
11.03
14.05
12.82
12.09
15.6
19.32
15.91
11.67
9.54
8.94
Tangible Book Value per Share
8.55
11.51
12.38
13.41
16.53
20.23
17.59
15.85
21.32
26.42
22.41
16.06
14.73
15.85
Basic Weighted Avg Shares
4,814
4,814
4,814
4,814
5,512
5,512
5,615
5,615
5,615
5,615
5,615
5,615
5,615
5,615
Sales/Revenue/Turnover
229,120
243,907
234,698
254,620
286,332
347,171
352,692
331,513
468,108
656,266
541,458
541,583
447,246
438,163
Operating Margin (%)
1.96
2.22
3.08
5.99
6.82
8.4
2.55
1.38
8.22
7.79
1.36
2.54
-0.02
-0.35
Depreciation Expense
7,052
7,899
9,326
11,065
12,239
14,273
17,040
20,487
21,737
25,721
27,697
27,990
25,535
25,685
Net Income, GAAP
1,326
1,675
6,609
16,197
20,883
26,465
5,252
2,414
26,288
31,006
-10,798
-19,262
-7,348
-8,853
Effective Tax Rate (%)
46.04
45.33
21.45
11.19
- -
12.64
26.01
- -
19.18
14.4
- -
- -
- -
- -
Profit Margin (%)
0.58
0.69
2.82
6.36
7.29
7.62
1.49
0.73
5.62
4.72
-1.99
-3.56
-1.64
-2.02
Working Capital
15,442
24,114
13,165
18,634
27,331
10,584
5,766
2,673
15,738
13,507
-11,993
-8,621
-3,921
4,288
LT Debt
65,264
60,278
66,467
82,970
80,725
93,742
106,300
173,018
178,405
187,034
184,929
188,441
202,943
212,261
Total Equity
60,435
74,610
82,953
91,815
118,987
151,855
138,167
135,608
171,003
200,885
178,068
138,930
128,950
136,043
Return on Invested Capital (%)
1.71
2.01
3.59
7.46
- -
10.06
2.3
- -
8.31
10.21
- -
- -
- -
- -
Return on Capital (%)
2.81
3.01
8.18
14.66
- -
15.95
4.59
- -
9.82
10.45
- -
- -
- -
- -
Return on Common Equity (%)
4.44
5.63
21.05
41.38
39.41
38.29
7.03
3.45
33.82
31.62
-10.92
-24.88
-12.34
-15.54

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
62,008
61,190
59,950
LT Borrowings
204,671
194,577
203,955
LT Finance Leases
8,478
8,366
8,306
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,615
5,615
5,615
Market Capitalization
125,766
90,394
141,767

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
186,856
166,642
185,326
Cash, Cash Equivalents & STI
32,891
28,067
36,990
Accounts Receivable, Net
42,201
36,334
42,931
Inventories
87,108
79,210
81,372
Total Current Liabilities
176,773
170,563
181,038
Payables & Accruals
110,431
104,818
116,418
ST Debt
62,008
61,190
59,950
Deferred Revenue
814
1,136
1,219

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.01%
0.61%
-7.18%
Free Cash Flow
38.17%
57.98%
61.14%
Net Income, GAAP
95.51%
177.7%
-61.85%
Sales/Revenue/Turnover
8.43%
9.3%
-17.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
135,908
146,163
137,413
122,099
541,583
2025
118,448
117,552
109,163
102,083
447,246
2026
109,366
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
-4.1
0.27
- -
-3.43
2025
-0.23
-0.09
-0.15
- -
-1.31
2026
-0.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.35
0.18
- -
0.7
2025
- -
0.35
0.18
- -
0.7
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Aloke Lohia
Full Time Employees
11,125
Sector
Basic Materials
Industry
Chemicals
Address
75/102, Ocean Tower 2 Bangkok Thailand 10110
IPO Date
Feb 5, 2010
Website
indoramaventures.com
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Business
Indorama Ventures Public Company Limited engages in the manufacture and distribution of petrochemical products with a diversified portfolio that includes polyethylene terephthalate (PET) resins and intermediate chemicals such as purified terephthalic acid (PTA) and monoethylene glycol (MEG); it also produces synthetic fibers and yarns under its fiber segment, and specialty chemical solutions in home and personal care, crop solutions, coatings, energy, and resources. Operating globally with a significant footprint in Asia-Pacific, Europe, and the Americas, the company serves markets ranging from packaging and textiles to industrial applications. Founded in 1994 and headquartered in Bangkok, Thailand, Indorama Ventures has expanded through strategic acquisitions, including the notable acquisition of Brazil-based Oxiteno in 2024, which enhanced its specialty surfactants portfolio and presence in high-margin branded products closer to end consumers. Recent developments include a strategic joint venture with Jiaren Chemical Recycling to advance global textile circularity and a 24.9% minority stake acquisition in Indian specialty packaging company EPL Limited to strengthen its footprint in India’s growing packaging market. The company is shifting from a mergers-and-acquisitions-driven expansion to collaborative partnerships to consolidate its position in high-growth markets, underpinned by its Innovate to 2028 sustainability roadmap, and it maintains leadership in PET recycling with over 150 billion post-consumer PET bottles recycled to date.