How has been the historical performance of IVP?

Answer:The historical performance of IVP shows a fluctuating trend in key financial metrics over the years.

Breakdown:
IVP's net sales have seen a decline from INR 660.95 crore in March 2023 to INR 538.99 crore in March 2025, with a peak in March 2023. Total operating income followed a similar pattern, decreasing from INR 660.95 crore in March 2023 to INR 538.99 crore in March 2025. The raw material cost has remained relatively stable around INR 436 crore in the last two years, while total expenditure (excluding depreciation) decreased from INR 621.30 crore in March 2023 to INR 513.79 crore in March 2025. Operating profit (PBDIT) has also decreased from INR 42.49 crore in March 2023 to INR 28.78 crore in March 2025, reflecting a declining operating profit margin from 6.0% to 4.68%. Profit before tax and profit after tax have both shown a downward trend, with profit after tax dropping from INR 28.02 crore in March 2023 to INR 11.31 crore in March 2025. On the balance sheet, total liabilities increased slightly from INR 330.93 crore in March 2024 to INR 347.57 crore in March 2025, while total assets also rose from INR 330.93 crore to INR 347.57 crore in the same period. Cash flow from operating activities turned negative in March 2025, indicating challenges in generating cash from core operations, while cash flow from financing activities showed a positive inflow of INR 6 crore. Overall, IVP's financial performance reflects significant fluctuations and challenges in profitability and cash generation over the observed years.