IVP

IVP financials

Market cap
₹222 Cr
Sector
Chemicals

What IVP Limited does

IVP Limited, part of the Allana Group, manufactures foundry-application resins, binders and coatings used to make moulds and cores for metal casting, polyurethane (PU) foam materials for footwear manufacturing, and PU laminating adhesives (solvent-based and solvent-less) for flexible film, foil and paper packaging, alongside composites, insulation and refractory/powder-resin products. It began in 1929 as a vegetable-oil manufacturer before diversifying, becoming the first Indian company to produce foundry chemicals and later entering the polyurethane business in 2018. Production runs out of a 12-acre facility in Tarapur and a facility in Bengaluru, serving over 500 clients across foundry, footwear, flexible-packaging and composites industries in India and international markets.

Segments

  • Foundry Applications
  • Footwear Solutions (Polyurethane)
  • Flexible Packaging Adhesives
Manufacturing plants
2 (Tarapur, Maharashtra & Bengaluru, Karnataka)
Tarapur plant installed capacity
50,000 MT/annum
Bengaluru plant production capacity
500 tonnes/month
Tarapur facility site area
12 acres
Product portfolio
150+ products
Client base
500+ clients (India & international markets)
Founded 1929Headquarters Mumbai, Maharashtra, IndiaEmployees 200 (FY26) Company website

Quarterly results

Q1 FY27: revenue up 12.3%, net profit up 1300.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue122 129 149 138 147 +20%145 +12%164 +10%155 +12%
EBITDA6 5 8 4 8 +33%9 +80%14 +75%21 +425%
Net profit2 2 4 1 4 +100%5 +150%9 +125%14 +1300%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +26.8% 1Y

₹120₹140₹160₹180₹200₹220Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹169.15 on 10 Sept 2025 → ₹214.47. High ₹220.26 (9 Sept 2026), low ₹111.87 (30 Mar 2026).

Financials, as filed

Revenue grew 4.3% a year over 2 years, FY24 to FY26. Operating margin widened to 5.9%.

Year endingFY24FY25FY26
Revenue₹546 Cr₹538 Cr₹594 Cr
Operating profit₹28 Cr₹26 Cr₹35 Cr
Operating margin5.1%4.8%5.9%
Interest₹9 Cr₹8 Cr₹7 Cr
Depreciation₹4 Cr₹4 Cr₹7 Cr
Net profit₹13 Cr₹11 Cr₹19 Cr
Net margin2.4%2.0%3.2%
Cash from operations₹45 Cr₹-2 Cr₹53 Cr
Free cash flow₹42 Cr₹-7 Cr₹50 Cr
ROCE11.0%10.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr
Reserves₹65 Cr₹81 Cr₹108 Cr₹119 Cr₹134 Cr₹147 Cr
Borrowings₹122 Cr₹157 Cr₹120 Cr₹89 Cr₹100 Cr₹65 Cr
Other liabilities₹106 Cr₹122 Cr₹147 Cr₹114 Cr₹87 Cr₹122 Cr
Total liabilities₹304 Cr₹371 Cr₹385 Cr₹333 Cr₹331 Cr₹344 Cr
Fixed assets₹79 Cr₹77 Cr₹73 Cr₹71 Cr₹69 Cr₹67 Cr
Capital work in progress₹0 Cr₹0 Cr₹2 Cr₹2 Cr₹0 Cr₹1 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹224 Cr₹293 Cr₹310 Cr₹260 Cr₹261 Cr₹275 Cr
Total assets₹304 Cr₹371 Cr₹385 Cr₹333 Cr₹331 Cr₹344 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 4% to 6,912.

Promoters
71.3%
DIIs
0.0%
Public
28.7%

Since Jun 2025

  • Public +0.01 pp
  • Promoters 0.00 pp
  • FIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 71.3%, FIIs 0.0%, DIIs 0.0%, Public 28.7%.Dec '23: Promoters 71.3%, FIIs 0.0%, DIIs 0.0%, Public 28.6%.Mar '24: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Jun '24: Promoters 71.3%, FIIs 0.0%, DIIs 0.0%, Public 28.7%.Sep '24: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Dec '24: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Mar '25: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Jun '25: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Sep '25: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Dec '25: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Mar '26: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Jun '26: Promoters 71.3%, DIIs 0.0%, Public 28.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of IVP Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Allana Exports Private Limited 34.31%unchanged
Allana Cold Storage Private Limited 8.63%unchanged
Anjaneya Cold Storage Private Limited 6.42%unchanged
Allana Pharmachem Private Limited 4.41%unchanged
Allana Feroz Abdul Razak 2.13%unchanged
Allana Shiraz Abdul Razak 2.13%unchanged
Faisal Feroz Allana 1.76%unchanged
Gaurav Naresh Lodha 1.45%+0.24 pp
Isa Shiraz Allana 1.36%unchanged
Allana Services Private Limited 1.05%unchanged
Allana Frozen Foods Private Limited 1.04%unchanged
Irfan A.R. Allana 1.04%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse IVP Limited

Guides on how to read this kind of business and the numbers that matter.