IVP
- Market cap
- ₹ 195 Cr.
- P/E
- 6.1x
- P/B
- 1.33x
- 52-week range
- 110 – 232.5
- ROE
- 13%
- ROCE
- 14%
- Dividend yield
- 0.7%
- Debt / equity
- 0.42
- Sector
- Chemicals & Petrochemicals
- Industry
- Specialty Chemicals
- Listed on
- NSE, BSE
About
IVP Limited is an India-based company, which is engaged in the chemical manufacturing and distribution business. Its polyurethane chemicals (PU) products are specialized in producing polyurethane chemicals for the footwear and flexible film packaging sectors. It caters to industries such as PU systems for footwear, adhesives for flexible packaging industry, foundry chemicals, coatings, composites, refractory, powder, and insulation resin. Its insulation resins serve as a binder for rockwool, and glass wool. Its manufacturing plants in Tarapur and Bengaluru possess an annual production capacity of about 50,000 megatons (MTs) per annum. The Company's subsidiaries include Frigorifico Allana Private Limited, Allana Frozen Foods Private Limited, Indagro Foods Private Limited, Frigerio Conserva Allana Private Limited, Allanasons Private Limited, Allana Investment & Trading Company Private Limited, Allana Cold Storage Private Limited, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Specialty Chemicals: 130 companies →IVP against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)6.1 against a typical 26.3: cheaper than most peers (1st = cheapest).8th of 129
- Sales growth+12.3% against a typical +25.9% from a year earlier.88th of 112
- Profit growth+1,300% against a typical +42.4% from a year earlier.3rd of 102
- Share price, 3 months+47.4% against a typical −5.5%.7th of 118
- Size₹ 194.6 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).79th of 126
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND BBB+; IND A2 | Stable | 19 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 19 Aug 2026 | Reaffirmed | IND BBB+ | — | India Ratings | ₹ 300 Cr. | |
| 12 Aug 2025 | Reaffirmed | IND BBB+ | — | India Ratings | ₹ 277 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026. |
| 6 Aug 2026 | Financial Results | To consider and approve the Unaudited financial results for the period ended Jun 30, 2026 |
| 21 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve Audited financial results for the the fourth quarter and financial year ended March 31, 2026, recommed dividend, if any, and other business matters |
| 29 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 5 Nov 2025 | Financial Results | To consider and approve the unaudited financial results with limited review report for the second quarter and half year ended September 30, 2025 |
| 31 Jul 2025 | Financial Results | To consider and approve the unaudited financial results for the quarter ended Jun 30, 2025 |
| 15 May 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 142 | 122 | 142 | 138 | 122 | 129 | 149 | 138 | 147 | 145 | 164 | 155 |
| Expenses | 133 | 117 | 133 | 131 | 116 | 124 | 142 | 134 | 139 | 136 | 151 | 134 |
| Operating Profit | 9 | 5 | 9 | 7 | 6 | 5 | 8 | 4 | 8 | 9 | 14 | 21 |
| OPM % | 6% | 4.2% | 6% | 4.9% | 4.5% | 3.9% | 5% | 3.1% | 6% | 6% | 8% | 13% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 |
| Profit before tax | 6 | 2 | 6 | 4 | 3 | 3 | 5 | 2 | 5 | 6 | 12 | 19 |
| Tax % | 25% | 28% | 26% | 22% | 30% | 27% | 26% | 30% | 25% | 25% | 26% | 25% |
| Net Profit | 5 | 2 | 5 | 3 | 2 | 2 | 4 | 1 | 4 | 5 | 9 | 14 |
| EPS in Rs | 4.49 | 1.66 | 4.59 | 3.32 | 2.09 | 1.83 | 3.71 | 1.15 | 3.87 | 4.48 | 8.58 | 13.58 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 15%
- 3 Years
- −3%
- TTM
- 13%
- 10 Years
- 9%
- 5 Years
- 33%
- 3 Years
- 1%
- TTM
- 251%
- 10 Years
- 4%
- 5 Years
- 10%
- 3 Years
- 9%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 13%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| IVP | ₹ 223.00 | ₹ 195 Cr. | 6.1x | 1.3x | 13% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Manadr P. Joshi
- Chief Executive Officer, Whole Time Director
- Rakesh Joshi
- Chief Financial Officer
- Jay Ramesh Mehta
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.