About IVP Limited
IVP Limited is a publicly listed company based in Mumbai (India) founded in 1929. Industrial chemicals, foundry chemicals, and resins are manufactured by IVP. It operates on a Reseller / Distribution model. The company has 164 employees. Its chief executive, as recorded, is Mandar Joshi. Its Indian entity Ivp Ltd reported revenue of ₹599 Cr. IVP Limited offers products and services including Polyurethane Systems for Footwear, Flexible Packaging Adhesives, and Foundry Chemicals. Its focus areas include Chemicals, Specialty Chemicals and Industrial Chemicals.
Company details
IVP Limited is involved in the production of specialty chemicals catering to diverse industries such as footwear, flexible packaging, and foundry operations. Based in Mumbai, India, the company was founded in 1929 and operates as part of the Allana Group. Manufacturing facilities are located in Tarapur and Bengaluru, with a capacity to produce approximately 50,000 tonnes annually. Solutions are provided for polyurethane systems, adhesives, foundry chemicals, coatings, composites, and insulation resins. The company is committed to combining traditional expertise with modern innovation to meet customer needs and support industrial growth.
- Headquarters Mumbai, India
- Employees 164
- Stage Public
- SectorsChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website ivpindia.com
- Social LinkedIn
- Legal Name Ivp Ltd
- Market Cap₹178 Cr
IVP · NSE
- Share Price₹176.43
+2.61% today
- Revenue₹595 Cr
FY 2025-26 · +10.3% YoY
- EBITDA₹34.24 Cr
Margin 5.8%
- Net Profit₹18.99 Cr
FY 2025-26 · +67.3% YoY
- P/E (TTM)5.5x
P/B 1.0x
- ROE12.6%
ROCE 13.9%
- Debt / Equity0.57
Interest cover 26.1x
- Employee Count164
Associated legal entities of IVP Limited
IVP Limited is associated with 2 registered companies on The Company Check; the primary company is Ivp Ltd, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ivp Ltd Listed CIN L74999MH1929PLC001503 | Active | 05 Jul 1929 | Mumbai, Maharashtra | ₹599 Cr | 207 | 10 | View details |
| Ivp Engineers Private Limited CIN U29253DL2014PTC264695 | Active | 10 Feb 2014 | Delhi, Delhi | ₹2.1 Cr | 2 | View details |
Products & Services of IVP Limited
IVP Limited offers a comprehensive portfolio of products and services, including Polyurethane Systems for Footwear, Flexible Packaging Adhesives, and Foundry Chemicals.
Polyurethane systems are provided for durable, lightweight footwear production.
Adhesives are offered for strong, reliable flexible packaging solutions.
Resin solutions are tailored for innovative foundry operational needs.
Board of directors of Ivp Ltd (IVP Limited)
Ivp Ltd is the primary company behind IVP Limited. The boards of the 2 registered companies of IVP Limited currently have 8 directors; the longest-serving is Praveen Agarwal, appointed in 2014. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Praveen Agarwal DIN 06776832 | Director | 10 Feb 2014 | 12 yrs 9 mo | Ivp Engineers Private Limited |
| Vibha Agarwal DIN 06776841 | Director | 10 Feb 2014 | 12 yrs 9 mo | Ivp Engineers Private Limited |
| Mandar Prabhakar Joshi DIN 07526430 | Whole-time director | 01 Aug 2016 | 10 yrs 3 mo | Ivp Ltd |
| Mala Arun Todarwal DIN 06933515 | Director | 11 Jun 2021 | 5 yrs 5 mo | Ivp Ltd |
| Ranjeev Ugamraj Lodha DIN 07478890 | Director | 28 Jul 2021 | 5 yrs 3 mo | Ivp Ltd |
| Anwar Husain Chauhan DIN 00322114 | Director | 11 Nov 2021 | 5 yrs | Ivp Ltd |
| Pratik Kiritkumar Kadakia DIN 10719953 | Director | 08 Aug 2024 | 2 yrs 3 mo | Ivp Ltd |
| Rajkumar Lekhwani DIN 10652214 | Director | 06 Jun 2025 | 1 yr 5 mo | Ivp Ltd |
People of IVP Limited
6 people are tracked at IVP Limited (3 in leadership, 3 in team); the tracked headcount is 164.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
| CEO | Leadership | |
Rakesh Joshi | CFO | Leadership |
Noman Ahmed | Executive | Team |
Ca Hasan Muchhale | Senior Manager - Accounts & Finance | Team |
Mallesha Cg | Senior Accounts Executive | Team |
Complete people profiles for IVP Limited
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of IVP Limited
IVP Limited is a publicly listed company on the NSE with ticker symbol IVP in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date11 Oct 2000
- Listed onNSE: IVP
- Listed entityIVP Ltd
- Exchange sectorProcess industries
- ISININE043C01018
- Share price₹235.46 (-1.16% on the day) · 2026-10-14
- Market capitalisation₹246 Cr
- Price to earnings7.7
- EPS (diluted, trailing year)₹30.51
- Dividend yield0.63%
- Volume (last session)18,873
Financials of IVP Limited
Exchange-reported figures of Ivp Ltd, the listed company behind IVP Limited (NSE: IVP).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 595 | 539 | 546 | 661 | 557 | 290 | 229 |
| Revenue growth | +10.3% | -1.3% | -17.4% | +18.8% | +92.1% | +26.6% | - |
| EBITDA | 34.24 | 25.20 | 27.84 | 39.65 | 34.99 | 16.27 | (0.08) |
| EBITDA margin | +5.8% | +4.7% | +5.1% | +6.0% | +6.3% | +5.6% | -0.0% |
| Profit before tax | 25.14 | 15.26 | 16.63 | 37.95 | 23.35 | 6.68 | (12.83) |
| Net profit | 18.99 | 11.35 | 12.34 | 18.48 | 17.86 | 4.59 | (8.65) |
| Net profit margin | +3.2% | +2.1% | +2.3% | +2.8% | +3.2% | +1.6% | -3.8% |
| EPS (₹) | 18.08 | 10.95 | 11.89 | 27.12 | 17.07 | 4.36 | (8.34) |
| Balance sheet | |||||||
| Total assets | 224 | 245 | 220 | 240 | 251 | 199 | 172 |
| Net worth | 157 | 139 | 130 | 119 | 91.71 | 75.70 | 71.76 |
| Total debt | 65.37 | 104 | 89.32 | 120 | 157 | 122 | 99.29 |
| Cash & bank | 3.24 | 1.18 | 2.08 | 0.71 | 0.85 | 1.86 | 0.38 |
| Net working capital | 152 | 171 | 147 | 165 | 171 | 112 | 78.41 |
| Cash flow | |||||||
| Cash from operations | 52.71 | (2.47) | 45.40 | 40.61 | (20.71) | (14.14) | 56.43 |
| Cash from investing | (2.56) | (4.71) | (3.47) | 9.94 | (2.89) | (0.33) | (4.99) |
| Cash from financing | (48.09) | 6.28 | (40.57) | (50.69) | 22.59 | 15.95 | (54.05) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 172 | 155 | 164 | 145 | 147 | 138 | 149 | 129 |
| Revenue growth (YoY) | +16.8% | +12.0% | +10.1% | +12.1% | +20.4% | -0.1% | - | - |
| Other income | 0.89 | 1.09 | 1.12 | 1.21 | 0.89 | 1.06 | 0.94 | 1.04 |
| Total expenses | 163 | 134 | 151 | 137 | 139 | 134 | 142 | 124 |
| EBITDA | 8.69 | 20.59 | 13.70 | 8.19 | 8.10 | 4.25 | 7.77 | 5.08 |
| EBITDA margin | +5.1% | +13.3% | +8.3% | +5.6% | +5.5% | +3.1% | +5.2% | +3.9% |
| Depreciation | 1.55 | 1.54 | 1.49 | 1.52 | 1.50 | 1.50 | 1.46 | 1.47 |
| Interest | 1.76 | 1.38 | 1.37 | 1.70 | 2.19 | 2.11 | 2.10 | 2.05 |
| Profit before tax | 6.27 | 18.76 | 11.96 | 6.18 | 5.30 | 1.70 | 5.15 | 2.60 |
| Tax | 1.62 | 4.74 | 3.10 | 1.55 | 1.30 | 0.51 | 1.32 | 0.71 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 172 | 155 | 164 | 145 | 147 | 138 | 149 | 129 |
| Revenue growth (YoY) | +16.8% | +12.0% | +10.1% | +12.1% | +20.4% | -0.1% | - | - |
| Other income | 0.89 | 1.09 | 1.12 | 1.21 | 0.89 | 1.06 | 0.94 | 1.04 |
| Total expenses | 163 | 134 | 151 | 137 | 139 | 134 | 142 | 124 |
| EBITDA | 8.69 | 20.59 | 13.70 | 8.19 | 8.10 | 4.25 | 7.77 | 5.08 |
| EBITDA margin | +5.1% | +13.3% | +8.3% | +5.6% | +5.5% | +3.1% | +5.2% | +3.9% |
| Depreciation | 1.55 | 1.54 | 1.49 | 1.52 | 1.50 | 1.50 | 1.46 | 1.47 |
| Interest | 1.76 | 1.38 | 1.37 | 1.70 | 2.19 | 2.11 | 2.10 | 2.05 |
| Profit before tax | 6.27 | 18.76 | 11.96 | 6.18 | 5.30 | 1.70 | 5.15 | 2.60 |
| Tax | 1.62 | 4.74 | 3.10 | 1.55 | 1.30 | 0.51 | 1.32 | 0.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 595 | 539 | 546 | 661 | 557 | 290 | 229 |
| Revenue growth | +10.3% | -1.3% | -17.4% | +18.8% | +92.1% | +26.6% | - |
| Other income | 4.28 | 3.58 | 3.03 | 15.74 | 3.42 | 2.44 | 2.28 |
| Total expenses | 560 | 514 | 518 | 621 | 522 | 273 | 229 |
| Employee cost | 20.70 | 19.47 | 18.69 | 17.33 | 15.34 | 13.25 | 13.78 |
| EBITDA | 34.24 | 25.20 | 27.84 | 39.65 | 34.99 | 16.27 | (0.08) |
| EBITDA margin | +5.8% | +4.7% | +5.1% | +6.0% | +6.3% | +5.6% | -0.0% |
| Depreciation | 6.01 | 5.73 | 5.54 | 5.20 | 5.12 | 5.06 | 4.86 |
| Interest | 7.37 | 7.79 | 8.70 | 12.24 | 9.94 | 6.97 | 10.17 |
| Profit before tax | 25.14 | 15.26 | 16.63 | 37.95 | 23.35 | 6.68 | (12.83) |
| Tax | 6.46 | 3.95 | 4.35 | 9.93 | 5.72 | 2.18 | (4.21) |
| Net profit | 18.99 | 11.35 | 12.34 | 18.48 | 17.86 | 4.59 | (8.65) |
| Net profit margin | +3.2% | +2.1% | +2.3% | +2.8% | +3.2% | +1.6% | -3.8% |
| EPS (₹) | 18.08 | 10.95 | 11.89 | 27.12 | 17.07 | 4.36 | (8.34) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.33 | 10.33 | 10.33 | 10.33 | 10.33 | 10.33 | 10.33 |
| Reserves & surplus | 147 | 129 | 119 | 108 | 81.38 | 65.37 | 61.43 |
| Shareholders' funds (net worth) | 157 | 139 | 130 | 119 | 91.71 | 75.70 | 71.76 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 65.37 | 104 | 89.32 | 120 | 157 | 122 | 99.29 |
| Total debt | 65.37 | 104 | 89.32 | 120 | 157 | 122 | 99.29 |
| Total liabilities | 224 | 245 | 220 | 240 | 251 | 199 | 172 |
| Assets | |||||||
| Gross block | 118 | 117 | 110 | 108 | 106 | 106 | 107 |
| Net block | 67.42 | 71.99 | 71.26 | 73.46 | 76.78 | 79.43 | 84.43 |
| Capital work in progress | 1.28 | 0.18 | 1.62 | 1.67 | 0.46 | 0.20 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 |
| Inventories | 75.76 | 85.74 | 77.88 | 93.16 | 78.80 | 72.45 | 30.48 |
| Sundry debtors | 186 | 182 | 171 | 208 | 208 | 139 | 92.27 |
| Cash & bank balances | 3.24 | 1.18 | 2.08 | 0.71 | 0.85 | 1.86 | 0.38 |
| Loans & advances | 7.30 | 6.42 | 6.20 | 6.58 | 3.10 | 3.61 | 3.93 |
| Total current assets | 273 | 276 | 258 | 308 | 291 | 217 | 127 |
| Total current liabilities | 120 | 104 | 111 | 143 | 120 | 105 | 48.65 |
| Net working capital | 152 | 171 | 147 | 165 | 171 | 112 | 78.41 |
| Total assets | 224 | 245 | 220 | 240 | 251 | 199 | 172 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.08 | 1.98 | 0.61 | 0.85 | 1.86 | 0.38 | 2.99 |
| Net cash from operating activities | 52.71 | (2.47) | 45.40 | 40.61 | (20.71) | (14.14) | 56.43 |
| Net cash from investing activities | (2.56) | (4.71) | (3.47) | 9.94 | (2.89) | (0.33) | (4.99) |
| Net cash from financing activities | (48.09) | 6.28 | (40.57) | (50.69) | 22.59 | 15.95 | (54.05) |
| Net change in cash | 2.06 | (0.90) | 1.36 | (0.14) | (1.01) | 1.48 | (2.61) |
| Closing cash | 3.24 | 1.18 | 2.08 | 0.71 | 0.85 | 1.86 | 0.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.3% | -1.3% | -17.4% | +18.8% | +92.1% | +26.6% | - |
| EBITDA growth | +35.9% | -9.5% | -29.8% | +13.3% | +115.1% | - | - |
| PBT growth | +64.7% | -8.2% | -56.2% | +62.5% | +249.6% | +9998.0% | - |
| Net income growth | +67.3% | -8.0% | -33.2% | +3.5% | +289.1% | +153.1% | - |
| Revenue CAGR (3Y) | -3.5% | -1.1% | +23.5% | +42.4% | +20.3% | +2.4% | +12.3% |
| EBITDA CAGR (3Y) | -4.8% | -10.4% | +19.6% | - | +55.2% | -8.1% | - |
| Profitability & leverage | |||||||
| Net income margin | +3.1% | +2.1% | +2.3% | +4.2% | +3.2% | +1.6% | -3.8% |
| Return on capital employed | +13.9% | +9.9% | +11.0% | +15.2% | +14.8% | +7.4% | -1.3% |
| Return on net worth | +12.6% | +8.4% | +9.9% | +17.6% | +21.1% | +6.1% | -11.2% |
| Debt / equity | 0.57 | 0.72 | 0.84 | 1.31 | 1.67 | 1.50 | 1.58 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 26.11 | 40.01 | 39.01 | 35.53 | 33.28 | 62.18 | -205.87 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.06 | 4.75 | 5.01 | 6.16 | 5.24 | 2.72 | 2.48 |
| Inventory turnover | 7.36 | 6.59 | 6.39 | 7.69 | 7.36 | 5.63 | 5.75 |
| Debtors turnover | 3.23 | 3.05 | 2.88 | 3.18 | 3.20 | 2.50 | 2.13 |
| EPS (₹) | 18.08 | 10.95 | 11.89 | 27.12 | 17.07 | 4.36 | (8.34) |
| Dividend per share (₹) | 1.50 | 1.00 | 1.00 | 1.50 | 1.50 | 1.00 | 0.00 |
| Book value per share (₹) | 152.07 | 134.88 | 125.48 | 114.89 | 88.78 | 73.28 | 69.47 |
Web traffic of IVP Limited
The website of IVP Limited (ivpindia.com) receives about 3.5K visits a month.
- Monthly visits3.5K
▲ 30.1% vs previous month
Websites whose visitors overlap most with IVP Limited. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ivpsemi.com | 100% | 2.1K | #7,873,171 | View details |
Top companies in Core & Diversified Chemicals
3 companies that operate in the same segment as IVP Limited (Core & Diversified Chemicals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate | 1979 | Pune, Maharashtra, India | USD 1.21 B | 1,020 | ||
Specialty chemicals are manufactured through integrated R&D and production processes. | 2023 | Bengaluru, Karnataka, India | USD 72.97 M | USD 23.86 M | ||
Manufactures coal tar and basic industrial chemicals. | 1987 | Kolkata, West Bengal, India | USD 24 M | USD 515.01 M | 1,161 |
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Frequently Asked Questions about IVP Limited
IVP Limited was founded in 1929.
IVP Limited is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mandar Joshi is the CEO of IVP Limited, as recorded in our data.
IVP Limited has 164 employees.
The primary company behind IVP Limited, Ivp Ltd, reported revenue of ₹599 Cr for FY 2026, up 10% year on year.
IVP Limited is involved in the production of specialty chemicals catering to diverse industries such as footwear, flexible packaging, and foundry operations. Based in Mumbai, India, the company was founded in 1929 and operates as part of the Allana Group. Manufacturing facilities are located in Tarapur and Bengaluru, with a capacity to produce approximately 50,000 tonnes annually. Solutions are provided for polyurethane systems, adhesives, foundry chemicals, coatings, composites, and insulation resins. The company is committed to combining traditional expertise with modern innovation to meet customer needs and support industrial growth.
IVP Limited offers Polyurethane Systems for Footwear, Flexible Packaging Adhesives, and Foundry Chemicals.
Yes, IVP Limited is publicly traded on NSE under the ticker symbol IVP.
IVP Limited is associated with 2 legal entities: Ivp Ltd, Ivp Engineers Private Limited.
The legal entities of IVP Limited currently have 11 directors, including Praveen Agarwal, Vibha Agarwal, Jay Ramesh Mehta and others.