About
IVP Limited engages in the manufacture and distributes chemicals in India. The company offers polyurethane systems for footwear; adhesives for flexible packaging industry; and foundry chemicals, coatings, composites, refractory, powder, and insulation resin products. IVP Limited was incorporated in 1929 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap210 Cr
P/E6.60
Div Yield0.74 %
Book Value₹152.00
52w High₹215.00
52w Low₹110.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 155.00 | 164.00 | 145.00 | 147.00 | 138.00 | 149.00 | 129.00 | 122.00 | 138.00 | 142.00 | 122.00 | 142.00 | 140.00 |
| Expenses | 134.00 | 151.00 | 136.00 | 139.00 | 134.00 | 142.00 | 124.00 | 116.00 | 131.00 | 133.00 | 117.00 | 133.00 | 135.00 |
| Operating Profit | 21.00 | 14.00 | 9.00 | 8.00 | 4.00 | 8.00 | 5.00 | 6.00 | 7.00 | 9.00 | 5.00 | 9.00 | 5.00 |
| OPM % | 13.00 | 8.00 | 6.00 | 6.00 | 3.10 | 5.00 | 3.90 | 4.50 | 4.90 | 6.00 | 4.20 | 6.00 | 3.50 |
| Other Income | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 2.00 | 1.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 |
| Profit before tax | 19.00 | 12.00 | 6.00 | 5.00 | 2.00 | 5.00 | 3.00 | 3.00 | 4.00 | 6.00 | 2.00 | 6.00 | 2.00 |
| Tax % | 25.00 | 26.00 | 25.00 | 25.00 | 30.00 | 26.00 | 27.00 | 30.00 | 22.00 | 26.00 | 28.00 | 25.00 | 29.00 |
| Net Profit | 14.00 | 9.00 | 5.00 | 4.00 | 1.00 | 4.00 | 2.00 | 2.00 | 3.00 | 5.00 | 2.00 | 5.00 | 1.00 |
| EPS in Rs | 13.58 | 8.58 | 4.48 | 3.87 | 1.15 | 3.71 | 1.83 | 2.09 | 3.32 | 4.59 | 1.66 | 4.49 | 1.15 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 595.00 | 539.00 | 546.00 | 661.00 | 557.00 | 290.00 | 229.00 | 320.00 | 270.00 | 161.00 | 155.00 | 163.00 |
| Expenses | 560.00 | 514.00 | 518.00 | 621.00 | 521.00 | 273.00 | 229.00 | 310.00 | 249.00 | 144.00 | 140.00 | 153.00 |
| Operating Profit | 35.00 | 25.00 | 28.00 | 40.00 | 35.00 | 16.00 | 0.00 | 9.00 | 21.00 | 17.00 | 15.00 | 11.00 |
| OPM % | 6.00 | 4.70 | 5.00 | 6.00 | 6.00 | 6.00 | 0.00 | 2.90 | 8.00 | 11.00 | 9.00 | 7.00 |
| Other Income | 4.00 | 4.00 | 3.00 | 16.00 | 3.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 5.00 | 1.00 |
| Interest | 7.00 | 8.00 | 9.00 | 12.00 | 10.00 | 7.00 | 10.00 | 8.00 | 3.00 | 0.00 | 0.00 | 1.00 |
| Depreciation | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 3.00 | 3.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 25.00 | 15.00 | 17.00 | 38.00 | 23.00 | 7.00 | -13.00 | 0.00 | 16.00 | 17.00 | 18.00 | 10.00 |
| Tax % | 26.00 | 26.00 | 26.00 | 26.00 | 24.00 | 33.00 | -33.00 | -1,107.00 | 37.00 | 36.00 | 42.00 | 34.00 |
| Net Profit | 19.00 | 11.00 | 12.00 | 28.00 | 18.00 | 4.00 | -9.00 | 3.00 | 10.00 | 11.00 | 10.00 | 7.00 |
| EPS in Rs | 18.09 | 10.95 | 11.89 | 27.13 | 17.07 | 4.36 | -8.35 | 3.27 | 10.06 | 10.47 | 10.09 | 6.71 |
| Dividend Payout % | 8.00 | 9.00 | 8.00 | 6.00 | 9.00 | 23.00 | 0.00 | 31.00 | 20.00 | 19.00 | 20.00 | 30.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves | 147.00 | 129.00 | 119.00 | 108.00 | 81.00 | 65.00 | 61.00 | 71.00 | 71.00 | 63.00 | 52.00 | 45.00 |
| Borrowings | 65.00 | 104.00 | 89.00 | 120.00 | 157.00 | 122.00 | 99.00 | 143.00 | 78.00 | 14.00 | 0.00 | 4.00 |
| Other Liabilities | 122.00 | 106.00 | 114.00 | 147.00 | 122.00 | 106.00 | 49.00 | 50.00 | 88.00 | 47.00 | 42.00 | 34.00 |
| Total Liabilities | 344.00 | 350.00 | 333.00 | 385.00 | 371.00 | 304.00 | 220.00 | 275.00 | 247.00 | 134.00 | 105.00 | 93.00 |
| Fixed Assets | 67.00 | 72.00 | 71.00 | 73.00 | 77.00 | 79.00 | 84.00 | 59.00 | 41.00 | 35.00 | 16.00 | 15.00 |
| CWIP | 1.00 | 0.00 | 2.00 | 2.00 | 0.00 | 0.00 | 0.00 | 26.00 | 17.00 | 2.00 | 1.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 275.00 | 278.00 | 260.00 | 310.00 | 293.00 | 224.00 | 136.00 | 189.00 | 188.00 | 96.00 | 88.00 | 78.00 |
| Total Assets | 344.00 | 350.00 | 333.00 | 385.00 | 371.00 | 304.00 | 220.00 | 275.00 | 247.00 | 134.00 | 105.00 | 93.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 53.00 | -2.00 | 45.00 | 41.00 | -21.00 | -14.00 | 56.00 | -27.00 | -30.00 | 5.00 | 15.00 | 5.00 |
| Cash from Investing Activity | -3.00 | -5.00 | -3.00 | 10.00 | -3.00 | 0.00 | -5.00 | -28.00 | -28.00 | -24.00 | 0.00 | -3.00 |
| Cash from Financing Activity | -48.00 | 6.00 | -41.00 | -51.00 | 23.00 | 16.00 | -54.00 | 54.00 | 58.00 | 7.00 | -7.00 | -2.00 |
| Net Cash Flow | 2.00 | -1.00 | 1.00 | 0.00 | -1.00 | 1.00 | -3.00 | 0.00 | 0.00 | -11.00 | 8.00 | 0.00 |
| Free Cash Flow | 50.00 | -7.00 | 42.00 | 35.00 | -24.00 | -15.00 | 51.00 | -55.00 | -58.00 | -19.00 | 15.00 | 2.00 |
| CFO/OP % | 173.00 | 11.00 | 181.00 | 119.00 | -56.00 | -85.00 | -70,675.00 | -261.00 | -119.00 | 62.00 | 150.00 | 75.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 114.00 | 123.00 | 115.00 | 115.00 | 137.00 | 175.00 | 147.00 | 140.00 | 144.00 | 135.00 | 131.00 | 135.00 |
| Inventory Days | 59.00 | 72.00 | 64.00 | 62.00 | 63.00 | 118.00 | 62.00 | 68.00 | 103.00 | 80.00 | 63.00 | 32.00 |
| Days Payable | 85.00 | 79.00 | 86.00 | 89.00 | 89.00 | 162.00 | 91.00 | 61.00 | 109.00 | 78.00 | 69.00 | 44.00 |
| Cash Conversion Cycle | 88.00 | 116.00 | 92.00 | 88.00 | 110.00 | 131.00 | 118.00 | 147.00 | 138.00 | 137.00 | 126.00 | 123.00 |
| Working Capital Days | 53.00 | 46.00 | 38.00 | 26.00 | 9.00 | -15.00 | -34.00 | -14.00 | 17.00 | 72.00 | 87.00 | 84.00 |
| ROCE % | 14.00 | 10.00 | 11.00 | 15.00 | 15.00 | 7.00 | -1.00 | 5.00 | 16.00 | 23.00 | 24.00 | 19.00 |
Corporate Actions
23 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 30 Jul 2026 | 30 Jul 2026 | — | 1.50 | |
| Dividend | 24 Jul 2025 | 24 Jul 2025 | — | 1.00 | |
| Dividend | 01 Aug 2024 | — | — | 1.00 | |
| Dividend | 03 Aug 2023 | — | — | 1.50 | |
| Dividend | 20 Jul 2022 | — | — | 1.50 | |
| Dividend | 19 Jul 2021 | — | — | 1.00 | |
| Other | 07 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 31 Jul 2019 | — | — | 1.00 | |
| Dividend | 01 Aug 2018 | — | — | 2.00 | |
| Dividend | 03 Aug 2017 | — | — | 2.00 | |
| Dividend | 04 Aug 2016 | — | — | 2.00 | |
| Dividend | 30 Jul 2015 | — | — | 2.00 | |
| Dividend | 31 Jul 2014 | — | — | 1.00 | |
| Dividend | 01 Aug 2013 | — | — | 1.50 | |
| Dividend | 05 Jul 2012 | — | — | 1.50 | |
| Dividend | 14 Jul 2011 | — | — | 1.50 | |
| Dividend | 15 Jul 2010 | — | — | 1.00 | |
| Dividend | 16 Jul 2009 | — | — | 1.00 | |
| Dividend | 17 Jul 2008 | — | — | 1.00 | |
| Other | 19 Jul 2007 | — | — | — | Agm |
| Dividend | 17 Aug 2006 | — | — | 1.00 | |
| Dividend | 14 Jul 2005 | — | — | 2.20 | |
| Dividend | 02 Aug 2001 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update19 Aug from fitch
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Rating update22 Sep 2023 from fitch
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Rating update27 Jul 2023 from fitch
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Rating update4 Aug 2022 from fitch
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Rating update20 Sep 2021 from fitch
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Rating update27 Jul 2020 from fitch