IVP Ltd

IVP Ltd

₹ 232 -6.06%
22 Nov 10:47 a.m.
About

Incorporated in 1929, IVP Ltd is in the business of Chemical Manufacturing and Distribution[1]

Key Points

Business Overview:[1]
IVPL is an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified Company. It was originally part of the TATA Group but later got acquired by the Allanas. Company manufactures value added chemicals for diverse industrial applications

  • Market Cap 239 Cr.
  • Current Price 232
  • High / Low 290 / 145
  • Stock P/E 19.9
  • Book Value 130
  • Dividend Yield 0.40 %
  • ROCE 11.1 %
  • ROE 9.94 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 29.2% CAGR over last 5 years

Cons

  • Contingent liabilities of Rs.89.1 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
148.84 156.96 173.39 162.17 167.19 156.14 175.45 139.58 141.97 122.33 142.23 138.26 122.01
140.98 145.53 160.59 154.01 160.17 146.50 160.62 134.69 132.95 117.24 133.40 131.44 116.48
Operating Profit 7.86 11.43 12.80 8.16 7.02 9.64 14.83 4.89 9.02 5.09 8.83 6.82 5.53
OPM % 5.28% 7.28% 7.38% 5.03% 4.20% 6.17% 8.45% 3.50% 6.35% 4.16% 6.21% 4.93% 4.53%
0.83 0.74 0.85 0.64 5.09 9.19 0.82 0.76 0.75 0.69 0.83 0.81 0.79
Interest 2.44 2.45 2.78 2.80 3.38 3.12 2.94 2.61 2.23 2.00 1.85 1.82 1.82
Depreciation 1.28 1.29 1.29 1.28 1.32 1.31 1.29 1.36 1.38 1.40 1.40 1.39 1.41
Profit before tax 4.97 8.43 9.58 4.72 7.41 14.40 11.42 1.68 6.16 2.38 6.41 4.42 3.09
Tax % 25.75% 24.32% 24.01% 25.85% 22.94% 28.68% 25.22% 29.17% 24.68% 28.15% 26.05% 22.40% 30.10%
3.69 6.38 7.28 3.50 5.71 10.27 8.54 1.19 4.64 1.71 4.74 3.43 2.16
EPS in Rs 3.57 6.18 7.05 3.39 5.53 9.95 8.27 1.15 4.49 1.66 4.59 3.32 2.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
151 146 163 155 161 270 320 229 290 557 661 546 525
145 142 153 140 144 249 310 229 273 521 621 518 499
Operating Profit 6 4 11 15 17 21 9 -0 16 35 40 28 26
OPM % 4% 3% 7% 9% 11% 8% 3% -0% 6% 6% 6% 5% 5%
1 2 1 5 1 1 2 2 2 3 16 3 3
Interest 0 0 1 0 0 3 8 10 7 10 12 9 7
Depreciation 1 1 1 1 1 3 3 5 5 5 5 6 6
Profit before tax 5 4 10 18 17 16 0 -13 7 23 38 17 16
Tax % 29% 41% 34% 42% 36% 37% -1,107% -33% 33% 24% 26% 26%
4 2 7 10 11 10 3 -9 4 18 28 12 12
EPS in Rs 3.57 2.38 6.71 10.09 10.47 10.06 3.27 -8.35 4.36 17.07 27.13 11.89 11.66
Dividend Payout % 42% 42% 30% 20% 19% 20% 31% 0% 23% 9% 6% 8%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 24%
TTM: -14%
Compounded Profit Growth
10 Years: 18%
5 Years: 29%
3 Years: 39%
TTM: -35%
Stock Price CAGR
10 Years: 16%
5 Years: 32%
3 Years: 26%
1 Year: 17%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 16%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 41 42 45 52 63 71 71 61 65 81 108 119 124
4 4 4 0 14 78 143 99 122 157 120 89 98
36 35 34 42 47 88 50 49 106 122 147 114 98
Total Liabilities 91 91 93 105 134 247 275 220 304 371 385 333 330
16 15 15 16 35 41 59 84 79 77 73 71 72
CWIP 0 0 0 1 2 17 26 0 0 0 2 2 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
75 75 78 88 96 188 189 136 224 293 310 260 256
Total Assets 91 91 93 105 134 247 275 220 304 371 385 333 330

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 3 5 15 5 -30 -27 56 -14 -21 41 45
-1 -0 -3 0 -24 -28 -28 -5 -0 -3 10 -3
-2 -2 -2 -7 7 58 54 -54 16 23 -51 -41
Net Cash Flow -1 0 0 8 -11 -0 -0 -3 1 -1 -0 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 129 134 135 131 135 144 140 147 175 137 115 115
Inventory Days 38 43 32 63 80 103 68 62 118 63 62 64
Days Payable 54 53 44 69 78 109 61 91 162 89 89 86
Cash Conversion Cycle 113 124 123 126 137 138 147 118 131 110 88 92
Working Capital Days 90 98 93 87 104 122 149 124 139 112 92 98
ROCE % 11% 7% 19% 24% 23% 16% 5% -1% 7% 15% 15% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32%
0.00% 0.15% 0.12% 0.00% 0.00% 0.00% 0.00% 0.01% 0.04% 0.00% 0.01% 0.00%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
28.66% 28.51% 28.55% 28.67% 28.66% 28.66% 28.67% 28.66% 28.63% 28.66% 28.66% 28.67%
No. of Shareholders 3,5275,2925,2855,3615,4905,3705,0125,1137,0376,8377,3137,428

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls