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    Chemicals - Specialty
IVP Limited

IVP Limited

IVP.BO
IVP LimitedIN flagBombay Stock Exchange
189.20
INR
+26.80
- -
1.96BMarket Cap
IVP Limited
IVP.BO
(Bombay Stock Exchange)

Recent

price

189.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
125.78
148.93
145.82
141.33
158.27
149.5
154.89
261.36
308.73
220.83
279.86
538.08
638.73
528.03
522.17
575.77
575.21
Revenue per Share
3.08
5.85
3.58
2.39
6.71
10.09
10.47
10.06
3.27
-8.35
4.36
17.07
27.13
11.89
10.96
18.09
18.07
Basic EPS, GAAP
-2.44
3.09
1.27
2.01
1.94
9.96
-18.16
-56.3
-52.93
49.68
-14.12
-22.99
33.95
40.52
-7.05
48.33
- -
Free Cash Flow per Basic Share
1.17
1.5
1.5
1.5
1
2
2.41
2.41
2.38
1.2
- -
1
1.5
1.5
1
1
- -
Dividend per Share
11.14
14.91
16.46
17.48
21.28
32.16
40.19
47.84
48.71
39.16
43.16
58.18
84.41
94.94
105.09
10
9.99
Book Value per Share
43.42
47.48
49.25
50.42
53.14
62.8
70.69
78.28
78.62
69.18
73.08
88.66
114.8
125.44
133.57
150.95
150.8
Tangible Book Value per Share
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
Basic Weighted Avg Shares
1,299
1,538
1,506
1,459
1,634
1,544
1,599
2,699
3,188
2,280
2,890
5,556
6,596
5,453
5,388
5,946
5,946
Sales/Revenue/Turnover
5.75
4.74
2.98
1.94
6.25
9.52
10.41
6.94
3.01
-1.74
4.87
5.69
5.57
4.31
3.61
4.83
4.83
Operating Margin (%)
11
11
12
12
12
12
14
26
29
49
51
51
52
55
57
60
60
Depreciation Expense
32
60
37
25
69
104
108
104
34
-86
45
176
280
123
113
187
187
Net Income, GAAP
5.65
22.23
29.08
41.01
33.75
42.22
36.5
36.68
- -
- -
32.63
24.5
26.17
26.16
25.88
25.7
25.7
Effective Tax Rate (%)
2.45
3.93
2.45
1.69
4.24
6.75
6.76
3.85
1.06
-3.78
1.56
3.17
4.25
2.25
2.1
3.14
3.14
Profit Margin (%)
288
334
350
380
410
496
356
164
-92
-209
-104
146
457
574
668
870
870
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
448
490
509
521
549
649
732
811
816
718
757
917
1,187
1,296
1,393
1,571
1,571
Total Equity
14.98
10.98
5.86
3
11.78
14.12
14.54
9.88
- -
- -
5.31
11.03
11.52
7.95
6.69
9.53
9.53
Return on Invested Capital (%)
23.51
33.44
19.57
12.02
30.3
36.09
24.7
13.67
- -
- -
6
13.11
17.5
9.49
8.54
16.74
16.74
Return on Capital (%)
29.14
44.92
22.79
14.05
34.61
37.74
28.93
22.86
6.78
-19
10.59
33.69
38.06
13.26
10.95
31.45
31.45
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,000
- -
654
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
- -
10
Market Capitalization
1,626
1,502
1,150

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
2,589
- -
2,707
Cash, Cash Equivalents & STI
7
- -
42
Accounts Receivable, Net
1,833
- -
1,863
Inventories
720
- -
738
Total Current Liabilities
1,858
- -
1,837
Payables & Accruals
- -
- -
- -
ST Debt
1,000
- -
654
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.76%
16%
12.75%
Free Cash Flow
-146.89%
-213.7%
-785.58%
Net Income, GAAP
-22.3%
70.36%
65.16%
Sales/Revenue/Turnover
19.15%
20.56%
10.34%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,396
1,420
1,223
1,414
5,453
2025
1,383
1,220
1,294
1,494
5,388
2026
1,382
1,470
1,450
1,644
5,946

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.15
4.49
1.66
- -
11.89
2025
3.32
2.09
1.84
3.71
10.96
2026
1.15
3.87
4.48
8.58
18.09

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.5
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
1
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Business
IVP Limited is an Indian manufacturing company established in 1929 and headquartered in Mumbai, operating across multiple industrial sectors. It produces and supplies a diverse range of products including vanaspati, vegetable oils, plasticisers, automotive spark plugs, foundry chemicals, coatings, composites, refractory materials, powders, and insulation resins. The company primarily serves industries such as footwear (PU systems), flexible packaging (adhesives), automotive, steel, and foundry, with manufacturing plants located in Tarapur and Bangalore that have a combined annual capacity of approximately 50,000 tonnes. IVP is part of the Allana Group and has a legacy of innovation, including pioneering foundry chemical production in India. Recent major developments include the launch of new foundry chemical innovations and advanced eco-friendly processes showcased at IFEX 2024 in Bengaluru, emphasizing the company’s commitment to sustainable practices and advanced manufacturing technologies. IVP has also undergone operational changes such as the appointment of new independent directors and registrar and share transfer agent changes to MUFG Intime India Private Limited in late 2024. Financially, the company has reported significant growth in 2025, with net sales rising notably and continued strategic focus on expanding product offerings in its core sectors. IVP also holds strategic partnerships, including longstanding agreements with international firms like Industrie Magneti Marelli for automotive spark plugs and collaborations for advanced materials with European companies. These developments underscore IVP’s position as a diversified industrial manufacturer focused on innovation, market expansion, and sustainability within India and allied markets.