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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of IVP Ltd

About the Company - IVP Ltd

IVP Ltd. is a Public Limited Listed company incorporated on 05/07/1929 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74999MH1929PLC001503 and registration number is 001503. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 556.58 Cr. and Equity Capital is Rs. 10.33 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - OthersShashikant N Redij Marg, Mumbai Maharashtra 400033ivpsecretarial@ivpindia.com
http://www.ivpindia.com
Management
NamePosition Held
Mr. T K GowrishankarChairman & Non-Exe.Director
Mr. Mandar P JoshiWholeTime Director & CEO
Mr. Anwar ChauhanNon Exe.Non Ind.Director
Mr. Amin H ManekiaIndependent Director
Ms. Mala TodarwalIndependent Director
Mr. Ranjeev LodhaIndependent Director

Basic Stock Data of IVP Ltd

Last Updated: June 21, 2024, 10:48 pm

Market Cap 204 Cr.
Current Price 198
High / Low290/134
Stock P/E16.6
Book Value 126
Dividend Yield0.76 %
ROCE11.1 %
ROE9.89 %
Face Value 10.0
PEG Ratio0.16

IVP Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales90.23118.0577.39148.84156.96173.39162.17167.19156.14175.45139.58141.97122.33
Expenses81.39110.2474.50140.98145.53160.59154.01160.17146.50160.62134.69132.95117.24
Operating Profit8.847.812.897.8611.4312.808.167.029.6414.834.899.025.09
OPM %9.80%6.62%3.73%5.28%7.28%7.38%5.03%4.20%6.17%8.45%3.50%6.35%4.16%
Other Income0.660.691.000.830.740.850.645.099.190.820.760.750.69
Interest1.591.742.272.442.452.782.803.383.122.942.612.232.00
Depreciation1.281.251.261.281.291.291.281.321.311.291.361.381.40
Profit before tax6.635.510.364.978.439.584.727.4114.4011.421.686.162.38
Tax %34.54%32.30%22.22%25.75%24.32%24.01%25.85%22.94%28.68%25.22%29.17%24.68%28.15%
Net Profit4.343.730.283.696.387.283.505.7110.278.541.194.641.71
EPS in Rs4.203.610.273.576.187.053.395.539.958.271.154.491.66

Last Updated: June 4, 2024, 3:15 pm

IVP Ltd Quarterly Chart

IVP Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales154151146163155161270320229290557661613
Expenses145145142153140144249310229273521621575
Operating Profit964111517219-016354038
OPM %6%4%3%7%9%11%8%3%-0%6%6%6%6%
Other Income112151122231612
Interest00010038107101211
Depreciation1111113355555
Profit before tax854101817160-137233834
Tax %22%29%41%34%42%36%37%-1,107%33%33%24%26%
Net Profit64271011103-94182825
EPS in Rs5.853.572.386.7110.0910.4710.063.27-8.354.3617.0727.1323.86
Dividend Payout %26%42%42%30%20%19%20%31%0%23%9%6%

IVP Ltd Profit & Loss Yearly Chart

IVP Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:11%
3 Years:24%
TTM:-17%
Compounded Profit Growth
10 Years:18%
5 Years:29%
3 Years:39%
TTM:-34%
Stock Price CAGR
10 Years:18%
5 Years:22%
3 Years:18%
1 Year:29%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:16%
Last Year:10%

Last Updated: June 17, 2024, 2:59 pm

IVP Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010101010101010
Reserves3941424552637171616581108113
Borrowings4444014781439912215712090
Other Liabilities383635344247885049106122145108
Total Liabilities91919193105134247275220304371384321
Fixed Assets16161515163541598479777373
CWIP100012172600021
Investments0000000000000
Other Assets747575788896188189136224293309247
Total Assets91919193105134247275220304371384321

IVP Ltd Reserves and Borrowings Chart

IVP Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5235155-30-2756-14-2141
Cash from Investing Activity -1-1-0-30-24-28-28-5-0-310
Cash from Financing Activity 2-2-2-2-775854-541623-51
Net Cash Flow5-1008-11-0-0-31-1-0

IVP Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days127129134135131135144140147175137115
Inventory Days36384332638010368621186361
Days Payable60545344697810961911628989
Cash Conversion Cycle10211312412312613713814711813111086
Working Capital Days819098938710412214912413911291
ROCE %16%11%7%19%24%23%16%5%-1%7%15%15%

IVP Ltd Financial Efficiency Indicators Chart

IVP Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%71.32%
FIIs0.00%0.00%0.00%0.15%0.12%0.00%0.00%0.00%0.00%0.01%0.04%0.00%
DIIs0.03%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Government0.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public28.31%28.66%28.66%28.51%28.55%28.67%28.66%28.66%28.67%28.66%28.63%28.66%
No. of Shareholders4,0473,3023,5275,2925,2855,3615,4905,3705,0125,1137,0376,837

IVP Ltd Shareholding Pattern Chart

No. of IVP Ltd Shareholders

This stock is not held by any mutual fund

IVP Ltd ROCE Trend

IVP Ltd EPS Trend

IVP Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.8927.1317.074.35-8.34
Diluted EPS (Rs.)11.8927.1317.074.35-8.34
Cash EPS (Rs.)17.2532.1622.029.25-3.64
Book Value[Excl.RevalReserv]/Share (Rs.)125.48114.8988.7873.2869.47
Book Value[Incl.RevalReserv]/Share (Rs.)125.48114.8988.7873.2869.47
Dividend / Share (Rs.)1.001.501.501.000.00
Revenue From Operations / Share (Rs.)528.65639.84538.80280.43221.45
PBDIT / Share (Rs.)29.8841.1337.1818.112.13
PBIT / Share (Rs.)24.5236.1032.2313.21-2.58
PBT / Share (Rs.)16.1036.7422.606.47-12.42
Net Profit / Share (Rs.)11.8927.1217.074.36-8.34
PBDIT Margin (%)5.656.426.906.450.96
PBIT Margin (%)4.635.645.984.71-1.16
PBT Margin (%)3.045.744.192.30-5.60
Net Profit Margin (%)2.244.233.161.55-3.76
Return on Networth / Equity (%)9.4723.6019.225.94-12.01
Return on Capital Employeed (%)19.0630.3135.3517.87-3.68
Return On Assets (%)3.717.304.751.47-3.91
Total Debt / Equity (X)0.681.011.711.621.38
Asset Turnover Ratio (%)1.531.751.651.100.92
Current Ratio (X)1.291.181.050.950.85
Quick Ratio (X)0.900.820.760.630.65
Inventory Turnover Ratio (X)5.226.416.094.574.30
Dividend Payout Ratio (NP) (%)0.005.535.840.00-14.38
Dividend Payout Ratio (CP) (%)0.004.664.520.00-32.97
Earning Retention Ratio (%)0.0094.4794.160.00114.38
Cash Earning Retention Ratio (%)0.0095.3495.480.00132.97
Interest Coverage Ratio (X)3.553.473.862.680.21
Interest Coverage Ratio (Post Tax) (X)2.412.242.771.650.15
Enterprise Value (Cr.)244.62243.20308.69220.98132.28
EV / Net Operating Revenue (X)0.440.360.550.760.57
EV / EBITDA (X)7.925.728.0411.8160.13
MarketCap / Net Operating Revenue (X)0.280.180.270.340.14
Retention Ratios (%)0.0094.4694.150.00114.38
Price / BV (X)1.211.051.671.330.46
Price / Net Operating Revenue (X)0.280.180.270.340.14
EarningsYield0.070.220.110.04-0.25

IVP Ltd Profitability Ratios (%)

IVP Ltd Liquidity Ratios

IVP Ltd Liquidity Ratios (%)

IVP Ltd Interest Coverage Ratios (%)

IVP Ltd Valuation Ratios

Fair Value

Fair Value: 208.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.27% compared to the current price 198

Intrinsic Value: 419.97

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 112.11% compared to the current price ₹198

Last 5 Year EPS CAGR: 101.49%

*Investments are subject to market risks

Strength and Weakness of IVP Ltd Stock

StrengthWeakness
  1. The company has higher reserves (65.54 cr) compared to borrowings (64.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (297.69 cr) and profit (12.85 cr) over the years.
  1. The stock has a low average ROCE of 13.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 107.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 121.25, which may not be favorable.

FAQ

What is the latest fair value of IVP Ltd?

The latest fair value of IVP Ltd is ₹208.43.

What is the Market Cap of IVP Ltd?

The Market Cap of IVP Ltd is 204 Cr..

What is the current Stock Price of IVP Ltd as on 23 June 2024?

The current stock price of IVP Ltd as on 23 June 2024 is ₹198.

What is the High / Low of IVP Ltd stocks in FY 2024?

In FY 2024, the High / Low of IVP Ltd stocks is 290/134.

What is the Stock P/E of IVP Ltd?

The Stock P/E of IVP Ltd is 16.6.

What is the Book Value of IVP Ltd?

The Book Value of IVP Ltd is 126.

What is the Dividend Yield of IVP Ltd?

The Dividend Yield of IVP Ltd is 0.76 %.

What is the ROCE of IVP Ltd?

The ROCE of IVP Ltd is 11.1 %.

What is the ROE of IVP Ltd?

The ROE of IVP Ltd is 9.89 %.

What is the Face Value of IVP Ltd?

The Face Value of IVP Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in IVP Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE