IVP Ltd (IVP) AI Stock Analysis

IVP Ltd

(NSE:IVP)

Select Model

Rating:72Outperform

Price Target:INR 204.00▲(11.14% Upside)

Action:reiterated

Date:10/13/26

The score is supported primarily by meaningful deleveraging and improving profitability, reinforced by strong technical momentum and a low P/E ratio. The main constraints are volatile cash generation, modest margins, and a limited dividend yield.

Positive Factors

Profitability recoveryThe rebound in net income and margins shows improved earnings performance after the weaker 2025 period. If maintained, stronger profitability can support internal investment, improve resilience, and provide a more durable base for earnings over the next several quarters.

Negative Factors

Volatile revenue trendThe uneven revenue pattern makes the company’s growth trajectory less predictable than a consistently expanding business. Repeated shifts between contraction and recovery can complicate planning, reduce confidence in durable demand, and make future earnings less consistent.

IVP Ltd (IVP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.05B
Dividend Yield: 0.85%
Average Volume (3M): 2,707
Price to Earnings (P/E): 5.9
Beta (1Y): 1.06
Revenue Growth: 13.39%
EPS Growth: 247.41%
Country: India
Employees: 202
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

IVP Ltd Business Overview & Revenue Model

Company Description

Established in 1929 and headquartered in Mumbai, India, IVP Limited is an Indian manufacturer and distributor of foundry chemicals. The company's product line encompasses a variety of resins, foundry coatings, and related chemical solutions. These of...

IVP Ltd Financial Statement Overview

Summary

Financial quality is moderate to good. The balance sheet is strong after substantial deleveraging, while profitability has recovered. However, modest margins, earnings volatility, and an inconsistent historical cash-flow profile limit the score.

Income Statement

64Positive

Balance Sheet

78Positive

Cash Flow

60Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	6.11B	5.95B	5.39B	5.45B	6.60B	5.56B
Gross Profit	1.10B	937.90M	592.20M	999.80M	1.10B	932.60M
EBITDA	538.00M	347.00M	287.80M	308.70M	553.90M	384.10M
Net Income	315.10M	186.80M	113.10M	122.80M	280.20M	176.30M
Balance Sheet
Total Assets	0	3.42B	3.48B	3.31B	3.84B	3.71B
Cash, Cash Equivalents and Short-Term Investments	31.40M	32.40M	12.20M	19.80M	7.20M	7.40M
Total Debt	0	653.70M	1.04B	893.20M	1.20B	1.57B
Total Liabilities	-1.57B	1.85B	2.08B	2.01B	2.65B	2.79B
Stockholders Equity	1.57B	1.57B	1.39B	1.30B	1.19B	917.10M
Cash Flow
Free Cash Flow	89.00M	428.00M	-72.80M	418.40M	350.60M	-237.40M
Operating Cash Flow	96.10M	456.00M	-24.70M	454.00M	406.10M	-207.10M
Investing Cash Flow	-6.40M	-27.90M	-47.10M	-34.60M	99.40M	-28.90M
Financing Cash Flow	-97.60M	-407.50M	62.80M	-405.70M	-506.90M	225.90M

IVP Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price183.55

Price Trends

50DMA210.99Negative

100DMA186.77Negative

200DMA164.56Positive

Market Momentum

MACD-7.83Positive

RSI34.02Neutral

STOCH8.15Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IVP, the sentiment is Negative. The current price of 183.55 is below the 20-day moving average (MA) of 213.42, below the 50-day MA of 210.99, and above the 200-day MA of 164.56, indicating a neutral trend. The MACD of -7.83 indicates Positive momentum. The RSI at 34.02 is Neutral, neither overbought nor oversold. The STOCH value of 8.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IVP.

IVP Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:IVP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:IVP	72Outperform	INR 1.90B	5.94	―	0.85%	13.39%	247.41%
IN:TAINWALCHM	64Neutral	INR 1.80B	22.93	―	1.53%	11.94%	15.20%
IN:ARVEE	63Neutral	INR 2.28B	56.17	―	―	16.67%	194.76%
IN:CHEMBOND	61Neutral	INR 2.38B	15.88	―	1.12%	0.83%	-34.03%
IN:PODDARMENT	60Neutral	INR 2.79B	18.11	―	1.53%	3.55%	-21.35%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SIGIND	47Neutral	INR 1.67B	7.42	―	0.88%	17.48%	48.53%

* General Sector Average

Performance Comparison

IN:IVP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:IVP	IVP Ltd	183.55	20.15	12.33%
IN:ARVEE	Arvee Laboratories (India) Ltd.	206.71	47.14	29.54%
IN:CHEMBOND	Chembond Chemicals Limited	176.85	7.19	4.24%
IN:PODDARMENT	Poddar Pigments Limited	262.80	-8.53	-3.14%
IN:SIGIND	Signet Industries Limited	56.70	-0.93	-1.62%
IN:TAINWALCHM	Tainwala Chemicals & Plastics (India) Ltd	192.65	-4.37	-2.22%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 13, 2026

IVP Ltd AI Stock Analysis