IVP (NSE:IVP) Operating Margin %: 7.43% (As of Mar. 2026) — 53% Above Median


NSE:IVP IVP Ltd NSE:IVP
73 GF Score
Price ₹156.65
GF Value ₹182.09
Valuation Modestly Undervalued
! 4 Warning Signs
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What is IVP Operating Margin %?

IVP NSE:IVP -0.49% 73 Operating Margin % is 7.43% as of Mar. 2026, which is 53% above its 10-year median of 4.85. GuruFocus rates NSE:IVP with a GF Score™ of 73/100 and a GF Value™ of ₹182.09 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,584 Chemicals companies, IVP ranks worse than 56.31% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. IVP's Operating Income for the three months ended in Mar. 2026 was ₹122 Mil. IVP's Revenue for the three months ended in Mar. 2026 was ₹1,644 Mil. Therefore, IVP's Operating Margin % for the quarter that ended in Mar. 2026 was 7.43%.

Warning Sign:

IVP Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.6%.

The historical rank and industry rank for IVP's Operating Margin % or its related term are showing as below:

NSE:IVP' s Operating Margin % Range Over the Past 10 Years
Min: -1.74   Med: 4.85   Max: 10.41
Current: 4.83


NSE:IVP's Operating Margin % is ranked worse than
56.31% of 1584 companies
in the Chemicals industry
Industry Median: 6.025 vs NSE:IVP: 4.83

IVP's 5-Year Average Operating Margin % Growth Rate was -4.60% per year.

IVP's Operating Income for the three months ended in Mar. 2026 was ₹122 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹287 Mil.


IVP  (NSE:IVP) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


IVP Operating Margin % Related Terms


IVP Operating Margin % Historical Data

* Premium members only.

The historical data trend for IVP's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

IVP Operating Margin % Chart

IVP Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.69 5.57 4.31 3.61 4.83

IVP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.22 1.99 4.49 4.92 7.43

NSE:IVP vs LIN, SHW, ECL: Operating Margin % Comparison

For the Specialty Chemicals subindustry, IVP's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IVP Operating Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, IVP's Operating Margin % distribution charts can be found below:

* The bar in red indicates where IVP's Operating Margin % falls into.


NSE:IVP
73GF Score
IVP Ltd NSE:IVP
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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IVP Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

IVP's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=286.9 / 5945.5
=4.83 %

IVP's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=122.1 / 1644.4
=7.43 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 7.43% mean?
IVP (NSE:IVP) has a Operating Margin % of 7.43% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on IVP and its competitors. This is 53% above median its historical median of 4.85. According to the industry distribution chart, IVP ranks #892 out of 1584 companies in the Chemicals industry, placing it in the top 56.3%.
Is IVP's Operating Margin % too high?
IVP's current Operating Margin % of 7.43% is 53% above median its 10-year median of 4.85. The Chemicals industry median Operating Margin % is 6.03. IVP's value of 7.43% is 23.3% above this industry median. Based on the distribution chart, IVP ranks #892 out of 1584 companies in the Chemicals industry, which is below the industry midpoint. Overall, IVP has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IVP's Operating Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, IVP ranks #892 out of 1584 companies for Operating Margin %. This places IVP in the lower half of its industry. The industry median Operating Margin % is 6.03. IVP's value of 7.43% is 23.3% above this benchmark. While the company's 10-year median is 4.85 vs. the industry median of 6.03, IVP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Chemicals company?
The median Operating Margin % among Chemicals companies is 6.03, based on 1,584 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IVP's current Operating Margin % of 7.43% is 23.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on IVP and its competitors. For the Chemicals industry, the median Operating Margin % is 6.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IVP's current Operating Margin % is 7.43%, which is 53% above median its own 10-year median of 4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IVP stock overvalued right now?
Based on GuruFocus' analysis, IVP (NSE:IVP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹182.09, compared to a current price of ₹156.65 — trading 14% below its estimated fair value. The current Operating Margin % is 7.43%, which is 53% above median its 10-year median of 4.85 and 23.3% above the Chemicals industry median of 6.03. IVP's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For IVP (NSE:IVP), the current Operating Margin % is 7.43% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IVP (NSE:IVP) Overvalued in 2026?

Based on GuruFocus' analysis, IVP stock appears to be undervalued. The current stock price of ₹156.65 is trading 14% below its estimated GF Value™ of ₹182.09. GuruFocus considers IVP to be Modestly Undervalued.

Key valuation signals for NSE:IVP:

  • Operating Margin %: 7.43% (53% above median its 10-year median of 4.85)
  • GF Value™: ₹182.09 vs. price of ₹156.65 (14% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 23.3% above the Chemicals median (#892 of 1584)

No single metric tells the full story. See the NSE:IVP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IVP Business Description

Other Exchanges 507580:India
Address Shashikant Narayan Redij Marg, Ghorupdeo, Mumbai, MH, IND, 400 033
IVP Ltd is a manufacturer and exporter of foundry chemicals, castings, and allied products. The products of the company include Binders, Coatings, Polyurethane, and other additives used in the foundry and non-foundry industries. The resin products of the company are for application in diverse fields such as foundry, composites, insulation, and refractory. The coatings products of the company serve the needs of the foundry industry with numerous refractory-based products, while the allied products consist of miscellaneous products for use in both ferrous and non-ferrous foundries.
73GF Score

Get the complete analysis for NSE:IVP

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹156.65
Price
₹182.09
GF Value