IVP

₹162 -4.6 | 2.7%

WEBSITE BSE:507580 NSE : IVP LIMITED 18 May, 12:50

Market Cap ₹167 Cr.

Stock P/E 10.4

P/B 1.3

Current Price ₹162

Book Value ₹ 120.8

Face Value 10

52W High ₹289.8

Dividend Yield 0.93%

52W Low ₹ 135

Edit Ratio

IVP Research see more...

Overview Inc. Year: 1929Industry: Chemicals

IVP Ltd, short for Innovative Ventures & Products Limited, is a dynamic and forward-thinking company that operates in the realm of technology and innovation. Established with a commitment to pushing the boundaries of possibility, IVP specializes in developing cutting-edge products and solutions for diverse industries. With a focus on research and development, the company leverages advanced technologies to create innovative solutions that address contemporary challenges. IVP Ltd is known for its strategic approach to business, fostering a culture of creativity and adaptability. Committed to excellence, the company strives to be a leader in technological advancements, providing clients with state-of-the-art products and services.

IVP Share Price

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Peer Comparison

IVP Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	149	157	173	162	167	156	175	140	142	122
Other Income	1	1	1	1	1	1	1	1	1	1
Total Income	150	158	174	163	168	157	176	140	143	123
Total Expenditure	141	146	161	154	160	147	161	135	133	117
Operating Profit	9	12	14	9	8	10	16	6	10	6
Interest	2	2	3	3	3	3	3	3	2	2
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	4	8	0	0	0	0
Profit Before Tax	5	8	10	5	7	14	11	2	6	2
Provision for Tax	1	2	2	1	2	4	3	0	2	1
Profit After Tax	4	6	7	4	6	10	9	1	5	2
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	4	6	7	4	6	10	9	1	5	2
Adjusted Earnings Per Share	3.6	6.2	7	3.4	5.5	9.9	8.3	1.2	4.5	1.7

IVP Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	151	146	163	155	162	270	320	229	290	557	661	579
Other Income	1	2	1	5	1	1	2	2	4	4	3	4
Total Income	152	147	165	160	163	272	322	231	294	560	664	582
Total Expenditure	145	142	153	140	144	249	311	229	275	522	621	546
Operating Profit	7	6	12	20	19	22	12	2	19	38	42	38
Interest	0	0	1	0	0	3	8	10	7	10	12	10
Depreciation	1	1	1	1	1	3	3	5	5	5	5	4
Exceptional Income / Expenses	-0	0	0	0	0	0	0	0	0	0	13	0
Profit Before Tax	5	4	10	18	17	16	0	-13	7	23	38	21
Provision for Tax	2	2	4	8	6	6	-3	-4	2	6	10	6
Profit After Tax	4	2	7	10	11	10	3	-9	5	18	28	17
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	4	2	7	10	11	10	3	-9	5	18	28	17
Adjusted Earnings Per Share	3.6	2.4	6.7	10.1	10.5	10.1	3.3	-8.3	4.4	17.1	27.1	15.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	19%	42%	20%	16%
Operating Profit CAGR	11%	176%	14%	20%
PAT CAGR	56%	0%	23%	21%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-11%	10%	9%	16%
ROE Average	27%	18%	9%	11%
ROCE Average	21%	14%	9%	14%

IVP Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	51	52	55	63	73	81	82	72	76	92	119
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2	2	2	3	2	27	23	19	21	29	38
Total Current Liabilities	38	36	36	39	59	163	193	148	228	276	261
Total Liabilities	91	91	93	105	134	271	297	239	325	397	417
Fixed Assets	16	15	15	16	35	41	57	84	79	74	73
Other Non-Current Assets	2	1	1	2	5	50	57	27	28	31	37
Total Current Assets	73	74	77	87	94	180	184	127	217	291	306
Total Assets	91	91	93	105	134	271	297	239	325	397	417

IVP Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	3	3	3	11	4	3	3	0	2	1
Cash Flow from Operating Activities	2	3	5	15	5	-30	-27	56	-14	-21	41
Cash Flow from Investing Activities	-1	-0	-3	0	-24	-28	-28	-5	-0	-3	10
Cash Flow from Financing Activities	-2	-2	-2	-7	7	58	54	-54	16	23	-51
Net Cash Inflow / Outflow	-1	0	0	8	-11	-0	-0	-3	1	-1	-0
Closing Cash & Cash Equivalent	3	3	3	11	-0	3	3	0	2	1	1

IVP Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.58	2.39	6.71	10.09	10.47	10.06	3.27	-8.34	4.36	17.07	27.12
CEPS(Rs)	4.69	3.55	7.9	11.28	11.79	12.58	6.04	-3.64	9.25	22.02	32.16
DPS(Rs)	1.5	1	2	2	2	2	1	0	1	1.5	1.5
Book NAV/Share(Rs)	47.66	48.88	51.96	59.64	70.87	78.49	78.97	69.47	73.28	88.78	114.89
Core EBITDA Margin(%)	3.35	2.51	5.95	8.47	9.67	7.56	2.93	-0.03	4.96	6.27	5.98
EBIT Margin(%)	3.36	2.73	6.05	10.73	9.56	7.15	2.71	-1.16	4.71	5.98	7.59
Pre Tax Margin(%)	3.1	2.57	5.76	10.46	9.43	5.96	0.09	-5.61	2.31	4.2	5.74
PAT Margin (%)	2.2	1.51	3.81	6.04	5.99	3.77	1.06	-3.77	1.55	3.17	4.24
Cash Profit Margin (%)	2.88	2.26	4.49	6.76	6.74	4.71	1.95	-1.64	3.3	4.09	5.03
ROA(%)	4.06	2.71	7.54	10.53	9.05	5.13	1.19	-3.21	1.6	4.89	6.89
ROE(%)	7.65	4.94	13.31	18.08	16.04	13.47	4.16	-11.24	6.1	21.06	26.64
ROCE(%)	10.74	8.21	19.59	31.01	23.19	16.03	4.53	-1.35	7.4	14.92	20.63
Receivable days	115.82	120.15	114.63	122.59	116.43	110.18	130.75	171.38	145.86	113.95	114.83
Inventory Days	26.55	29.67	25.14	31.26	45.39	57.17	62.13	63.49	64.85	49.59	47.04
Payable days	57.8	53.92	46.65	60.23	69.27	76.88	74.22	90	117.66	84.22	82.11
PER(x)	10.63	16.1	6.64	8.28	16.97	19.1	38.81	0	22.34	8.68	4.44
Price/Book(x)	0.8	0.79	0.86	1.4	2.51	2.45	1.61	0.46	1.33	1.67	1.05
Dividend Yield(%)	3.95	2.6	4.49	2.4	1.13	1.04	0.79	0	1.03	1.01	1.25
EV/Net Sales(x)	0.27	0.28	0.29	0.49	1.2	1.01	0.85	0.58	0.76	0.55	0.37
EV/Core EBITDA(x)	5.88	7.23	3.83	3.81	10.41	12.22	23.46	60.13	11.81	8.04	5.72
Net Sales Growth(%)	-2.09	-3.08	11.99	-5.35	4.41	67.23	18.44	-28.49	26.63	92.14	18.75
EBIT Growth(%)	-31.16	-21.33	147.43	68.27	-6.71	14.23	-55.94	-130.65	613.16	143.88	50.77
PAT Growth(%)	-38.91	-33.28	181.24	50.34	3.77	-3.86	-67.47	-355.03	152.2	291.78	58.93
EPS Growth(%)	-38.91	-33.28	181.23	50.35	3.77	-3.9	-67.47	-355.03	152.2	291.78	58.93
Debt/Equity(x)	0.09	0.08	0.07	0	0.19	0.96	1.75	1.38	1.62	1.71	1.01
Current Ratio(x)	1.91	2.04	2.13	2.22	1.61	1.1	0.95	0.86	0.95	1.05	1.18
Quick Ratio(x)	1.59	1.66	1.82	1.75	1.15	0.73	0.7	0.65	0.64	0.77	0.82
Interest Cover(x)	12.89	16.82	20.78	40.06	76.58	5.99	1.03	-0.26	1.96	3.35	4.1
Total Debt/Mcap(x)	0.11	0.1	0.09	0	0.08	0.39	1.09	2.98	1.22	1.02	0.96

IVP Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	71.32	71.32	71.32	71.32	71.32	71.32	71.32	71.32	71.32	71.32
FII	0	0.15	0.12	0	0	0	0	0.01	0.04	0
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	28.66	28.51	28.55	28.66	28.66	28.66	28.66	28.66	28.63	28.66
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.74	0.74	0.74	0.74	0.74	0.74	0.74	0.74	0.74	0.74
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.3	0.29	0.29	0.3	0.3	0.3	0.3	0.3	0.3	0.3
Others	0	0	0	0	0	0	0	0	0	0
Total	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03

Pros

Company has delivered good profit growth of 22% CAGR over last 5 years
Debtor days have improved from 84.22 to 82.11days.

Cons

* 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.