Balance sheet of IVP is strong.
It shouldn't have solvency or liquidity issues.

The net debt of IVP is decreasing.
Latest net debt of IVP is ₹58.89 Crs as of Mar-26.
This is less than Mar-25 when it was ₹102 Crs.

The profit is oscillating.
The profit of IVP is ₹18.68 Crs for Mar 2026, ₹11.31 Crs for Mar 2025 and ₹12.28 Crs for Mar 2024

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
IVP latest dividend payout ratio is 8.29% and 3yr average dividend payout ratio is 8.61%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances