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Last Updated on: 27 February, 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.
Chemicals - Organic - OthersShashikant N Redij Marg, Mumbai Maharashtra
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

IVP Ltd. Share Price Update

Share PriceValue
Previous Day₹229.20

Basic Stock Data of IVP Ltd

Market Cap 203 Cr.
Current Price 196
High / Low290/112
Stock P/E12.6
Book Value 119
Dividend Yield0.75 %
ROCE15.3 %
ROE17.6 %
Face Value 10.0

Data Source:

IVP Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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
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

IVP Ltd Quarterly Chart

IVP Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit964111517219-016354038
OPM %6%4%3%7%9%11%8%3%-0%6%6%6%6%
Other Income112151122231612
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:16%
5 Years:20%
3 Years:42%
Compounded Profit Growth
10 Years:17%
5 Years:12%
3 Years:61%
Stock Price CAGR
10 Years:21%
5 Years:20%
3 Years:45%
1 Year:92%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:16%
Last Year:18%

IVP Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010101010101010
Other Liabilities383635344247885049106122145108
Total Liabilities91919193105134247275220304371384321
Fixed Assets16161515163541598479777373
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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders3,5664,0473,3023,5275,2925,2855,3615,4905,3705,0125,1137,037

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 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)27.1317.074.35-8.343.28
Diluted EPS (Rs.)27.1317.074.35-8.343.28
Cash EPS (Rs.)32.1622.029.25-3.646.04
Book Value[Excl.RevalReserv]/Share (Rs.)114.8988.7873.2869.4778.97
Book Value[Incl.RevalReserv]/Share (Rs.)114.8988.7873.2869.4778.97
Dividend / Share (Rs.)1.501.501.000.001.00
Revenue From Operations / Share (Rs.)639.84538.80280.43221.45309.66
PBDIT / Share (Rs.)41.1337.1818.112.1311.17
PBIT / Share (Rs.)36.1032.2313.21-2.588.40
PBT / Share (Rs.)36.7422.606.47-12.420.27
Net Profit / Share (Rs.)27.1217.074.36-8.343.27
PBDIT Margin (%)6.426.906.450.963.60
PBIT Margin (%)5.645.984.71-1.162.71
PBT Margin (%)5.744.192.30-5.600.08
Net Profit Margin (%)
Return on Networth / Equity (%)23.6019.225.94-12.014.14
Return on Capital Employeed (%)30.3135.3517.87-3.6810.58
Return On Assets (%)7.304.751.47-3.911.23
Total Debt / Equity (X)1.011.711.621.381.75
Asset Turnover Ratio (%)1.751.651.100.921.23
Current Ratio (X)
Quick Ratio (X)0.820.760.630.650.70
Inventory Turnover Ratio (X)6.416.094.574.304.85
Dividend Payout Ratio (NP) (%)5.535.840.00-14.3861.24
Dividend Payout Ratio (CP) (%)4.664.520.00-32.9733.17
Earning Retention Ratio (%)94.4794.160.00114.3838.76
Cash Earning Retention Ratio (%)95.3495.480.00132.9766.83
Interest Coverage Ratio (X)3.473.862.680.211.37
Interest Coverage Ratio (Post Tax) (X)2.242.771.650.151.40
Enterprise Value (Cr.)243.20308.69220.98132.28270.76
EV / Net Operating Revenue (X)0.360.550.760.570.84
EV / EBITDA (X)5.728.0411.8160.1323.46
MarketCap / Net Operating Revenue (X)
Retention Ratios (%)94.4694.150.00114.3838.75
Price / BV (X)1.051.671.330.461.61
Price / Net Operating Revenue (X)

IVP Ltd Profitability Ratios (%)

IVP Ltd Liquidity Ratios

IVP Ltd Liquidity Ratios (%)

IVP Ltd Interest Coverage Ratios (%)

IVP Ltd Valuation Ratios

Fair Value of IVP Ltd Stock

Fair Value: ₹265.87

The stock is undervalued by 35.65% compared to the current price ₹196

*Investments are subject to market risks

Strength and Weakness of IVP Ltd Stock

  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 is trading at a high valuation with an average P/B ratio of 21.94 and average Dividend Yield of 3.58%.
  2. The stock has a low average ROCE of 13.08%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 107.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 121.25, which may not be favorable.

About the Author

Author Avatar

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 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