MarketFriction

IVP Ltd

NSE IVP · BSE 507580 · Specialty Chemicals
₹224.81 -0.49%
NSE close2026-10-01
52 week range110.00 - 232.00
Market cap₹233 Cr.
P/E7.31
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales142122142138122129149138147145164155
Expenses133117133131116124142134139136151134
Operating Profit95976584891421
OPM %6%4.2%6%4.9%4.5%3.9%5%3.1%6%6%8%13%
Other Income111111111111
Interest222222222211
Depreciation111111122212
Profit before tax62643352561219
Tax %25%28%26%22%30%27%26%30%25%25%26%25%
Net Profit5253224145914
EPS in Rs4.491.664.593.322.091.833.711.153.874.488.5813.58
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales155161270320229290557661546539595611
Expenses140144249310229273521621518514560560
Operating Profit1517219-016354028253551
OPM %9%11%8%2.9%-0.0%6%6%6%5%4.7%6%8%
Other Income5112223163444
Interest003810710129877
Depreciation113355556666
Profit before tax1817160-137233817152542
Tax %42%36%37%-1,107%-33%33%24%26%26%26%26%
Net Profit1011103-94182812111932
EPS in Rs10.0910.4710.063.27-8.354.3617.0727.1311.8910.9518.0930.51
Dividend Payout %20%19%20%31%0%23%9%6%8%9%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%15%-3%13%
Compounded Profit Growth9%33%1%251%
Stock Price CAGR6%13%11%43%
Return on Equity10%13%10%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101010
Reserves4552637171616581108119129147
Borrowings401478143991221571208910465
Other Liabilities344247885049106122147114106122
Total Liabilities93105134247275220304371385333350344
Fixed Assets151635415984797773717267
CWIP01217260002201
Investments000000000000
Other Assets788896188189136224293310260278275
Total Assets93105134247275220304371385333350344
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5155-30-2756-14-214145-253
Cash from Investing Activity-30-24-28-28-5-0-310-3-5-3
Cash from Financing Activity-2-775854-541623-51-416-48
Net Cash Flow08-11-0-0-31-1-01-12
Free Cash Flow215-19-58-5551-15-243542-750
CFO/OP75%150%62%-119%-261%-70,675%-85%-56%119%181%11%173%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days135131135144140147175137115115123114
Inventory Days32638010368621186362647259
Days Payable44697810961911628989867985
Cash Conversion Cycle123126137138147118131110889211688
Working Capital Days84877217-14-34-15926384653
ROCE %19%24%23%16%5%-1%7%15%15%11%10%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%
FIIs0.01%0.04%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public28.66%28.63%28.66%28.66%28.67%28.67%28.68%28.67%28.67%28.67%28.68%28.68%
No. of Shareholders5,1137,0376,8377,3137,4287,4117,2927,1997,0957,0726,9616,912

Fundamentals

Market Cap₹ 233 Cr.
Current Price₹ 226
Stock P/E7.31
Book Value₹ 152
ROCE14.1 %
ROE12.8 %
Dividend Yield0.66 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)251%
Standalone figures.
Valuation
Market capRs 232 Cr
Enterprise valueRs 294 Cr
P/E (TTM)7.37x
Price to book1.48x
Price to sales0.38x
EV / EBITDA5.36x
EV / EBIT6.03x
EV / sales0.48x
Price to cash flow4.40x
Earnings yield13.57%
Dividend yield0.67%
P/E, 3-year average10.81x
P/B, 3-year average1.01x
P/E, 5-year average9.14x
P/B, 5-year average1.16x
Profitability
Operating margin (excl. other income)5.84%
Operating margin (incl. other income)6.48%
EBITDA margin8.98%
Pre-tax margin6.91%
Net profit margin5.16%
Net margin, latest quarter9.06%
ROE12.60%
ROCE13.95%
ROA5.38%
ROE, 3-year average10.30%
ROCE, 3-year average11.66%
ROA, 3-year average4.04%
ROE, 5-year average15.72%
ROCE, 5-year average14.11%
ROA, 5-year average4.95%
ROIC (approx.)16.55%
Tax rate25.70%
Other income / net worth2.43%
Growth
Sales growth (latest year)10.34%
Profit growth (latest year)65.16%
Sales CAGR, 3 years-3.47%
Sales CAGR, 5 years15.47%
Profit CAGR, 3 years-12.64%
Profit CAGR, 5 years32.93%
Sales growth QoQ-5.90%
Profit growth QoQ58.24%
Sales growth YoY (latest quarter)11.97%
Profit growth YoY (latest quarter)1078.15%
Per share
EPS (TTM)Rs 30.51
EPS (latest year)Rs 18.09
EPS (latest quarter)Rs 13.58
EPS, 3-year averageRs 13.64
EPS, 5-year averageRs 17.03
Book value per shareRs 152.13
Sales per shareRs 591.78
Cash flow per shareRs 51.04
Free cash flow per shareRs 48.42
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.17
Dividend per share, 5-year averageRs 1.30
Dividends
Dividend payout8.30%
Dividend payout, 3-year average8.60%
Dividend payout, 5-year average8.02%
Efficiency
Asset turnover1.73x
Fixed asset turnover8.82x
Inventory turnover6.56x
Inventory days56 days
Debtor days114 days
Debtors turnover3.19x
Creditor days85 days
Cash conversion cycle88 days
Working capital days53 days
Leverage
Total debtRs 65 Cr
Cash and bankRs 3 Cr
Net debtRs 62 Cr
Debt to equity0.42x
Net debt / EBITDA1.13x
Interest coverage7.36x
Owners' fund to total sources45.67%
Debt to assets19.00%
Cash flow
Cash from Operating Activity (latest year)Rs 53 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -48 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 50 Cr
FCFE (approx.: FCF + change in debt)Rs 11 Cr
Cash from ops / profit, 5 years1.32x
Sales to cash flow11.28x
Statement figures
Net sales (TTM)Rs 611 Cr
Net sales (latest year)Rs 595 Cr
Sales (latest quarter)Rs 155 Cr
Operating profit excl. other income (latest year)Rs 35 Cr
Operating profit (latest quarter)Rs 21 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 55 Cr
PBDT (TTM)Rs 48 Cr
Profit before tax (TTM)Rs 42 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 32 Cr
Net profit (latest year)Rs 19 Cr
Net profit (latest quarter)Rs 14 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 7 Cr
Cost of goods sold (latest year)Rs 497 Cr
Total expenditure (latest year)Rs 560 Cr
Total income (latest year)Rs 598 Cr
Share capitalRs 10 Cr
ReservesRs 147 Cr
Shareholders' fundsRs 157 Cr
Total assetsRs 344 Cr
Net blockRs 67 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 186 Cr
InventoryRs 76 Cr
Other liabilitiesRs 122 Cr
Shares outstanding (crore)1.03
Ownership
Promoter holding71.32% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 7.4 is at the 13th percentile of its own 8.4-year range (median 13.8, low 5.7, high 37.3).
P/B 1.48 is at the 49th percentile (median 1.49).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIVPNifty 50Difference
1 week-1.6%-2.8% +1.1 pts
1 month+9.2%-6.8% +16.0 pts
3 months+39.1%-7.6% +46.7 pts
6 months+101.0%+0.4% +100.6 pts
1 year+37.9%-9.9% +47.8 pts
2 years+7.6%-13.6% +21.1 pts
3 years+37.5%+14.2% +23.4 pts
5 years+79.9%+27.9% +52.0 pts

Red flags

F-score 8 of 8
lookRegulator order or action Regulator order or action 2026-07-10: IVP Limited has informed the Exchange regarding update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Re
lookAuditor change Auditor change 2026-05-21: IVP Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹155 Cr +12.3% vs Jun 2025. Net profit ₹14 Cr +1300.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-30Dividend - Rs 1.50 Per Sh
2025-07-24Dividend - Re 1 Per Share
2024-08-01Annual General Meeting/Dividend - Re 1 Per Share
2023-08-03Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-07-20Annual General Meeting/Dividend - Rs 1.50 Per Share
2021-07-19 Annual General Meeting/Dividend - Re 1 Per Share
2020-09-07 Annual General Meeting
2019-07-31 Annual General Meeting/Dividend - Re 1 Per Share
2018-08-01 Annual General Meeting/Dividend- Rs 2 Per Share
2017-08-03 Annual General Meeting/Dividend - Rs 2/- Per Share
2016-08-04 Annual General Meeting/ Dividend - Rs 2/- Per Share
2015-07-30Annual General Meeting/Dividend - Rs 2/- Per Share
2014-07-31Annual General Meeting / Dividend - Re 1/- Per Share
2013-08-01Annual General Meeting/Dividend Rs 1.50/- Per Share
2012-07-05Dividend-Rs.1.50 Per Share
2011-07-14Dividend-Rs.1.50 Per Share
2010-07-15Dividend-Re.1/- Per Share
2009-07-16Dividend-Re.1/- Per Share
2008-07-17Agm/Dividend - 10%
2007-07-19Agm
2006-08-17Agm/Div-Re.1/- Per Sh
DateTypeWhat it says
2026-09-09UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 update on fraud by Employee of the C...
2026-08-31UpdatesJudgement passed by the Hon ble Bombay High Court in Writ Petition No. 3530 of 2022 filed by the Company.
2026-08-24Investor PresentationInvestor Presentation
2026-08-06General UpdatesRe-appointment of Statutory Auditors at AGM.
2026-08-06General UpdatesRe-appointment of Independent Directors at AGM.
2026-08-06Shareholder meetingProceedings of Annual General Meeting held on August 06, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with...
2026-08-06Board meeting outcomeIVP Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-25UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and DisclosureRequirements), Regulations, 2015 - Update on order passed by office of E...
2026-07-22UpdatesCommunication to Shareholders Intimation of Tax Deduction on Dividend.
2026-07-13Record DateRecord date for the purpose of Dividend is 30-Jul-2026.
2026-07-13UpdatesIntimation Under Regulation 30 - Letters Sent To Shareholders.
2026-07-13Shareholder meetingNotice of Annual General Meeting to be held on August 06, 2026
2026-07-10Regulatory actionUpdate under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Revocation of closure directions issued ...
2026-07-08UpdatesAppeal filed against the order passed by Office of Estate Officer before the City Civil Court, Mumbai. The Honble court through its order dated July 0...
2026-06-29Regulatory actionAction(s) initiated or orders passed
2026-06-23UpdatesIntimation to shareholders of the company holding shares in physical form for furnishing their KYC details.
2026-06-11UpdatesOrder passed by office of Estate Officer, Mumbai Port Trust (MBPT).
2026-06-04Investor PresentationInvestor Presentation
2026-06-04UpdatesUpdate regarding the matter of fraud by sales employee of the company.
2026-06-01UpdatesThe update on the matter of fraud by employee of the Company as per the attached disclosure.
2026-05-21Director changeChange in Director(s) of the company.
2026-05-21Change in AuditorsChange in Auditors of the company.
2026-05-21DividendBoard of Directors at its meeting held on May 21, 2026, recommended Final Dividend of Rs. 1.5 (15%) per equity share.
2026-05-21Board meeting outcomeIVP Limited has submitted to the Exchange, the financial results for the fourth quarter and year ended March 31, 2026.
2026-05-21UpdatesUpdate on fraud by employee of the Company.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03