Incorporated in 1929, IVP Limited is a manufacturer of vanaspati, vegetable oils, plasticisers, spark plugs, foundry chemicals, etc. Initially known as Indian Vegetable Products, it was later taken over by the Atlanta Group in 1985, from its owner, Forbes, Forbes and Campbell. Pioneering the manufacture of vanaspati in India in the thirties, the company has diversified and added a host of products in the past several decades. In 1964, the company started the foundry chemicals division. IVP Ltd were the first company to manufacture Foundry Chemicals in India in technical collaboration with M/s Ashland Inc way back in 1965.In 1978, the company diversified into industrial ceramics and spark plugs. It produces hialumina ceramic products like spraydried hialumina powder for spark plugs and ceramic industries, hialumina thread guides for use in textile machinery and hialumina grinding media for the production of refractories, paints, cement and pharmaceuticals. The hialumina thread project was undertaken in collaboration with Fedmuhle Akg, Germany. The company also manufactures plasticisers and paints. IVP entered into an agreement with Industrie Magneti Marelli, Milan, Italy, for the production of automotive spark plugs. To improve the efficiency of the steel division, the company has entered into an agreement with London and Scandinavian Metallurgical Company, UK.In 1983, IVP made a breakthrough on the export front. Its overseas markets include the US, the UK, Germany, Italy, France, Poland, Czechoslovakia, Malaysia, UAE, Saudi Arabia, etc.During 2001 the company made a buyback of shares of 1,03,26,263 equity shares of Rs.10/ each at a price not exceeding Rs.22/ per Equity Share. In 2007, the Company sold its Ceramics Division. It expanded the Tarapur and Bangalore plants in 2008. New reactors installed at Tarapur to increase capacity during year 2009. The Company sold assets of its Industrial Ceramics Division on a slump sale basis in 2011. It modernized Tarapur, Bengaluru plants and commenced a New Coating Plant at Tarapur in 2017. A new Shell Resin Plant commissioned in 2018. The Company introduced new Polyurethane product during the year 201819.
What is the current share price of IVP Ltd today on both NSE and BSE?
IVP Ltd shares are currently priced at 185 on NSE and 185 on BSE as of 8/14/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has IVP Ltd [IVP] shares performed in the past ?
The past 1-year return of IVP Ltd [IVP] share was 33.09. The IVP Ltd [IVP] share hit a 1-year low of Rs. 134.35 and a 1-year high of Rs. 290.
What is the market cap of IVP Ltd [IVP] ?
The market cap of IVP Ltd is Rs. 190.93 Cr. as of 8/14/2024 12:00:00 AM.
What is the current P/E ratio of IVP Ltd [IVP] share price ?
The PE ratios of IVP Ltd is 13.31 as of 8/14/2024 12:00:00 AM.
What is the current PB ratio of IVP Ltd [IVP] share price ?
The PB ratios of IVP Ltd is 1.49 as of 8/14/2024 12:00:00 AM
How can I buy IVP Ltd shares?
You can easily buy IVP Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.