Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of IVP
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 175.45 | 139.58 | 141.97 | 122.33 | 142.23 | 138.26 | 122.01 | 129.36 | 149.36 | 138.19 | 146.95 | 144.97 | 164.44 |
| Expenses + | 160.62 | 134.69 | 132.95 | 117.24 | 133.40 | 131.44 | 116.48 | 124.28 | 141.59 | 133.94 | 138.85 | 136.32 | 150.74 |
| Operating Profit | 14.83 | 4.89 | 9.02 | 5.09 | 8.83 | 6.82 | 5.53 | 5.08 | 7.77 | 4.25 | 8.10 | 8.65 | 13.70 |
| OPM % | 8.45% | 3.50% | 6.35% | 4.16% | 6.21% | 4.93% | 4.53% | 3.93% | 5.20% | 3.08% | 5.51% | 5.97% | 8.33% |
| Other Income + | 0.82 | 0.76 | 0.75 | 0.69 | 0.83 | 0.81 | 0.79 | 1.04 | 0.94 | 1.06 | 0.89 | 0.75 | 1.12 |
| Interest | 2.94 | 2.61 | 2.23 | 2.00 | 1.85 | 1.82 | 1.82 | 2.05 | 2.10 | 2.11 | 2.19 | 1.70 | 1.37 |
| Depreciation | 1.29 | 1.36 | 1.38 | 1.40 | 1.40 | 1.39 | 1.41 | 1.47 | 1.46 | 1.50 | 1.50 | 1.52 | 1.49 |
| Profit before tax | 11.42 | 1.68 | 6.16 | 2.38 | 6.41 | 4.42 | 3.09 | 2.60 | 5.15 | 1.70 | 5.30 | 6.18 | 11.96 |
| Tax % | 25.22% | 29.17% | 24.68% | 28.15% | 26.05% | 22.40% | 30.10% | 27.31% | 25.63% | 30.00% | 24.53% | 25.08% | 25.92% |
| Net Profit + | 8.54 | 1.19 | 4.64 | 1.71 | 4.74 | 3.43 | 2.16 | 1.89 | 3.83 | 1.19 | 4.00 | 4.63 | 8.86 |
| EPS in Rs | 8.27 | 1.15 | 4.49 | 1.66 | 4.59 | 3.32 | 2.09 | 1.83 | 3.71 | 1.15 | 3.87 | 4.48 | 8.58 |
Financials of IVP
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 163 | 155 | 161 | 270 | 320 | 229 | 290 | 557 | 661 | 546 | 539 | 595 |
| Expenses + | 153 | 140 | 144 | 249 | 310 | 229 | 273 | 521 | 621 | 518 | 514 | 560 |
| Operating Profit | 11 | 15 | 17 | 21 | 9 | -0 | 16 | 35 | 40 | 28 | 25 | 35 |
| OPM % | 7% | 9% | 11% | 8% | 3% | -0% | 6% | 6% | 6% | 5% | 5% | 6% |
| Other Income + | 1 | 5 | 1 | 1 | 2 | 2 | 2 | 3 | 16 | 3 | 4 | 4 |
| Interest | 1 | 0 | 0 | 3 | 8 | 10 | 7 | 10 | 12 | 9 | 8 | 7 |
| Depreciation | 1 | 1 | 1 | 3 | 3 | 5 | 5 | 5 | 5 | 6 | 6 | 6 |
| Profit before tax | 10 | 18 | 17 | 16 | 0 | -13 | 7 | 23 | 38 | 17 | 15 | 25 |
| Tax % | 34% | 42% | 36% | 37% | -1,107% | -33% | 33% | 24% | 26% | 26% | 26% | 26% |
| Net Profit + | 7 | 10 | 11 | 10 | 3 | -9 | 4 | 18 | 28 | 12 | 11 | 19 |
| EPS in Rs | 6.71 | 10.09 | 10.47 | 10.06 | 3.27 | -8.35 | 4.36 | 17.07 | 27.13 | 11.89 | 10.95 | 18.09 |
| Dividend Payout % | 30% | 20% | 19% | 20% | 31% | 0% | 23% | 9% | 6% | 8% | 9% | 0% |
Financials of IVP
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 45 | 52 | 63 | 71 | 71 | 61 | 65 | 81 | 108 | 119 | 129 | 147 |
| Borrowings + | 4 | 0 | 14 | 78 | 143 | 99 | 122 | 157 | 120 | 89 | 104 | 65 |
| Other Liabilities + | 34 | 42 | 47 | 88 | 50 | 49 | 106 | 122 | 147 | 114 | 106 | 120 |
| Total Liabilities | 93 | 105 | 134 | 247 | 275 | 220 | 304 | 371 | 385 | 333 | 350 | 342 |
| Fixed Assets + | 15 | 16 | 35 | 41 | 59 | 84 | 79 | 77 | 73 | 71 | 72 | 67 |
| CWIP | 0 | 1 | 2 | 17 | 26 | 0 | 0 | 0 | 2 | 2 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 78 | 88 | 96 | 188 | 189 | 136 | 224 | 293 | 310 | 260 | 278 | 273 |
| Total Assets | 93 | 105 | 134 | 247 | 275 | 220 | 304 | 371 | 385 | 333 | 350 | 342 |
Financials of IVP
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 5 | 15 | 5 | -30 | -27 | 56 | -14 | -21 | 41 | 45 | -2 | 53 |
| Cash from Investing Activity + | -3 | 0 | -24 | -28 | -28 | -5 | -0 | -3 | 10 | -3 | -5 | -3 |
| Cash from Financing Activity + | -2 | -7 | 7 | 58 | 54 | -54 | 16 | 23 | -51 | -41 | 6 | -48 |
| Net Cash Flow | 0 | 8 | -11 | -0 | -0 | -3 | 1 | -1 | -0 | 1 | -1 | 2 |
| Free Cash Flow | 2 | 15 | -19 | -58 | -55 | 51 | -15 | -24 | 35 | 42 | -7 | 50 |
| CFO/OP | 75% | 150% | 62% | -119% | -261% | -70,675% | -85% | -56% | 119% | 181% | 11% | 173% |
Financials of IVP
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 135 | 131 | 135 | 144 | 140 | 147 | 175 | 137 | 115 | 115 | 123 | 114 |
| Inventory Days | 32 | 63 | 80 | 103 | 68 | 62 | 118 | 63 | 62 | 64 | 72 | 57 |
| Days Payable | 44 | 69 | 78 | 109 | 61 | 91 | 162 | 89 | 89 | 86 | 79 | 85 |
| Cash Conversion Cycle | 123 | 126 | 137 | 138 | 147 | 118 | 131 | 110 | 88 | 92 | 116 | 86 |
| Working Capital Days | 84 | 87 | 72 | 17 | -14 | -34 | -15 | 9 | 26 | 38 | 46 | 51 |
| ROCE % | 19% | 24% | 23% | 16% | 5% | -1% | 7% | 15% | 15% | 11% | 10% | 14% |
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