Synopsis: IVP Limited surged 12% after announcing its Q2 results. Revenue rose 6.5% QoQ to ₹147 Crores in Q2FY26, while net profit jumped 236% QoQ from ₹1.19 to ₹4.00 Crores.
The shares of the Micro-Cap company specializing in the manufacturing and exporting of a wide range of chemicals, particularly foundry chemicals and polyurethane (PU) systems, jumped upto 12 percent following their results with a 236 percent rise in Profit.
With a market capitalization of 188.45 Crores on Thursday, the shares of IVP Limited jumped upto 12 percent, reaching a high of Rs. 187.40 compared to its previous close of Rs. 167.45.
What Happened
IVP Limited, engaged in the manufacturing and exporting of a wide range of chemicals, particularly foundry chemicals and polyurethane (PU) systems, has announced its Q2 results as follows:
Its Revenue from operations rose by 20 percent YoY from Rs. 122 Crores in Q2FY25 to Rs. 147 Crores in Q2FY26, and it rose by 6.5 percent QoQ from Rs. 138 Crores in Q1FY26 to Rs. 147 Crores in Q2FY26.
Its Net Profit YoY rose by 85 percent from Rs. 2.16 Crores in Q2FY25 to Rs. 4.00 Crores in Q2FY26, and it rose by 236 percent QoQ from Rs. 1.19 Crores in Q1FY26 to Rs. 4.00 Crores in Q2FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 3.87, compared to Rs. 1.15 in the previous quarter.
The company has a debt-to-equity ratio of 0.69, showing moderate leverage. Its P/E of 17.3 is lower than the industry average of 31.9, suggesting the stock may be undervalued compared to peers.
Company Overview & Others
IVP Limited, established in 1929, is a publicly listed company and a key member of the Allana Group. Originally associated with the Tata Group, it later evolved under the Allana Group’s leadership.
Initially focused on the vegetable oil business, IVP expanded into diverse sectors, notably becoming the first Indian company to produce foundry chemicals. With manufacturing facilities in Tarapur and Bangalore, IVP has a combined annual production capacity of around 50,000 tonnes.
It serves industries such as PU systems for footwear, adhesives for flexible packaging, foundry chemicals, coatings, composites, refractory materials, and insulation resins. As a trusted player in these sectors, IVP Limited continues to contribute to the growth and success of both the Allana Group and its valued clients.
IVP Limited serves a diverse clientele across multiple industries. In the foundry sector, the company works with notable names such as Tata Steel, Ashok Leyland, Nelcast Limited, Texmaco Rail & Engineering, and Sanmar.
In the PU system for the shoe soles market, IVP collaborates with brands like Aeroblu, Ajanta Shoes, Bairathi, Condor, and Tata International. Additionally, in the PU adhesives for flexible film packaging segment, its clients include Amcor, Constantia Flexibles, Shriniath Rotopack, Plasto, and Oswal Extrusion Ltd.
Written by Sridhar J
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