Stock Performance and Market Context
On 20 Jan 2026, IVP Ltd’s share price fell sharply by 6.24% intraday, reaching Rs.136, the lowest level recorded in the past year. The stock opened with a gap down of 3.52%, continuing a negative momentum that has seen it lose 6.91% over the last two trading days. This underperformance is notable against the broader commodity chemicals sector, where IVP lagged by 4.48% today.
Trading activity has been somewhat erratic, with the stock not trading on one of the last 20 trading days, adding to the volatility concerns. Furthermore, IVP is currently trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a persistent bearish trend.
In comparison, the Sensex index, despite a negative close today, remains relatively resilient. After a flat opening, the Sensex declined by 531.48 points (-0.69%) to close at 82,675.90, still only 4.21% below its 52-week high of 86,159.02. However, the index itself has been on a three-week losing streak, down 3.6% over that period, and is trading below its 50-day moving average, though the 50DMA remains above the 200DMA, indicating mixed signals for the broader market.
Long-Term and Recent Returns
IVP Ltd’s stock has underperformed significantly over the past year, delivering a negative return of 32.84%, in stark contrast to the Sensex’s positive 7.23% gain over the same period. The stock’s 52-week high was Rs.214, highlighting the extent of the recent decline. This underperformance extends beyond the last year, with the stock lagging the BSE500 index over the last three years, one year, and three months.
Our current Stock of the Month is out! This Large Cap from Automobiles - Passenger Cars emerged as the single best opportunity from our elite universe. Get the details now!
- - Current monthly selection
- - Single best opportunity
- - Elite universe pick
Financial Metrics and Valuation
Despite the stock’s price weakness, IVP Ltd has demonstrated healthy growth in its operating profit, which has increased at an annual rate of 38.32%. The company’s Profit Before Tax excluding other income (PBT less OI) for the latest quarter stood at Rs.4.41 crore, reflecting a robust growth rate of 102.5% compared to the average of the previous four quarters. Similarly, the Profit After Tax (PAT) for the quarter was Rs.4.00 crore, up 76.4% relative to the prior four-quarter average. The company also reported its highest quarterly PBDIT at Rs.8.10 crore.
IVP’s Return on Capital Employed (ROCE) is 7.9%, which, combined with an enterprise value to capital employed ratio of 1, indicates a very attractive valuation relative to its peers. The stock is trading at a discount compared to the average historical valuations of companies in the commodity chemicals sector.
However, it is important to note that over the past year, while profits have grown in recent quarters, the company’s overall profits have declined by 9.4%, reflecting some pressure on earnings despite operational improvements.
Shareholding and Market Sentiment
The majority shareholding in IVP Ltd remains with the promoters, which often suggests a stable ownership structure. Nevertheless, the stock’s Mojo Score currently stands at 46.0, with a Mojo Grade of Sell, downgraded from Hold on 12 Jan 2026. This downgrade reflects the stock’s below-par performance in both the long and near term, as well as its relative weakness compared to sector and market benchmarks.
Is IVP Ltd your best bet? SwitchER suggests better alternatives across peers, market caps, and sectors. Discover stocks that could deliver more for your portfolio!
- - Better alternatives suggested
- - Cross-sector comparison
- - Portfolio optimization tool
Summary of Key Concerns
The stock’s recent decline to Rs.136, its 52-week low, is a reflection of sustained selling pressure and underperformance relative to both the sector and broader market indices. The consecutive two-day fall and the gap down opening today underscore the prevailing negative sentiment. Trading below all major moving averages further emphasises the current bearish trend.
While the company’s financials show pockets of strength, including strong quarterly profit growth and attractive valuation metrics, the overall negative returns over the past year and the downgrade in Mojo Grade highlight ongoing challenges in translating operational gains into sustained stock price appreciation.
Investors observing IVP Ltd should note the divergence between improving quarterly earnings and the stock’s price performance, which may be influenced by broader market trends, sector-specific factors, and valuation concerns.
Unlock special upgrade rates for a limited period. Start Saving Now →
