GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
I

Indorama Ventures PCL IVL.BK · THB

Materials · SET · 🇹🇭 Thailand

Compare

22.30

-1.33%

Close of 9 Nov 2026, in THB

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 447.25bn

FY2016FY2025

Net income

−THB 7.35bn

FY2016FY2025

Free cash flow

THB 16.16bn

FY2016FY2025

Shareholders' equity

THB 102.63bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 447.25bnTHB 541.58bnTHB 544.30bnTHB 656.27bnTHB 468.11bnTHB 331.51bnTHB 352.69bnTHB 347.17bnTHB 286.33bnTHB 254.62bn
Gross profitTHB 49.84bnTHB 75.26bnTHB 68.26bnTHB 114.04bnTHB 84.98bnTHB 43.71bnTHB 43.35bnTHB 57.94bnTHB 45.44bnTHB 36.42bn
Research and development——THB 39.2mTHB 122.4mTHB 116.5mTHB 129.5mTHB 103.3mTHB 71.6mTHB 52.5mTHB 43.1m
Operating incomeTHB 6.46bn−THB 6.10bnTHB 573.0mTHB 49.72bnTHB 42.09bnTHB 6.99bnTHB 11.51bnTHB 33.14bnTHB 20.54bnTHB 19.35bn
Net income−THB 7.35bn−THB 19.26bn−THB 10.80bnTHB 31.01bnTHB 26.29bnTHB 2.41bnTHB 5.25bnTHB 26.47bnTHB 20.88bnTHB 16.20bn
Diluted earnings per share-1.31-3.43-1.925.524.680.430.944.713.863.36

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 523.48bnTHB 541.55bnTHB 590.13bnTHB 623.88bnTHB 541.83bnTHB 453.17bnTHB 380.57bnTHB 379.19bnTHB 282.36bnTHB 258.38bn
Cash and short-term investmentsTHB 27.98bnTHB 19.08bnTHB 19.76bnTHB 23.06bnTHB 17.37bnTHB 20.47bnTHB 10.45bnTHB 5.59bnTHB 7.02bnTHB 4.14bn
Total liabilitiesTHB 409.43bnTHB 402.62bnTHB 412.06bnTHB 422.99bnTHB 370.82bnTHB 317.56bnTHB 242.40bnTHB 227.34bnTHB 163.37bnTHB 166.57bn
DebtTHB 264.13bnTHB 262.02bnTHB 254.33bnTHB 254.31bnTHB 224.23bnTHB 211.96bnTHB 146.95bnTHB 136.76bnTHB 95.79bnTHB 102.11bn
Shareholders' equityTHB 102.63bnTHB 125.95bnTHB 164.36bnTHB 185.99bnTHB 158.77bnTHB 126.65bnTHB 129.71bnTHB 144.84bnTHB 117.06bnTHB 89.06bn
Shares outstanding5,615m5,615m5,615m5,615m5,615m5,615m5,615m5,615m5,405m4,814m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 34.05bnTHB 35.11bnTHB 53.13bnTHB 77.98bnTHB 33.77bnTHB 43.44bnTHB 40.84bnTHB 31.98bnTHB 28.91bnTHB 24.95bn
Capital spending−THB 17.89bn−THB 17.59bn−THB 26.23bn−THB 28.56bn−THB 23.20bn−THB 18.13bn−THB 16.80bn−THB 16.54bn−THB 20.06bn−THB 13.52bn
Free cash flowTHB 16.16bnTHB 17.52bnTHB 26.90bnTHB 49.42bnTHB 10.57bnTHB 25.31bnTHB 24.05bnTHB 15.44bnTHB 8.85bnTHB 11.43bn
Dividends paid−THB 3.93bn−THB 3.93bn−THB 6.46bn−THB 8.14bn−THB 5.19bn−THB 3.93bn−THB 7.86bn−THB 8.93bn−THB 5.10bn−THB 2.60bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 136.04bnTHB 109.37bnTHB 102.08bnTHB 109.16bnTHB 117.55bnTHB 118.45bnTHB 122.10bnTHB 137.41bn
Gross profitTHB 26.18bnTHB 12.89bnTHB 8.56bnTHB 11.73bnTHB 14.89bnTHB 14.67bnTHB 16.87bnTHB 19.35bn
Operating incomeTHB 11.78bnTHB 171.7m−THB 8.84bnTHB 1.64bnTHB 3.36bnTHB 2.75bnTHB 6.32bnTHB 6.14bn
Net incomeTHB 5.96bn−THB 2.82bn−THB 4.70bn−THB 818.1m−THB 521.0m−THB 1.31bnTHB 1.10bnTHB 1.50bn
Diluted earnings per share1.06-0.50-0.84-0.15-0.09-0.230.200.27
Cash from operationsTHB 17.09bnTHB 8.05bnTHB 1.42bnTHB 11.88bnTHB 6.61bnTHB 14.13bnTHB 2.56bnTHB 8.08bn
Capital spending−THB 4.75bn−THB 2.11bn−THB 3.56bn−THB 3.67bn−THB 4.20bn−THB 6.45bn−THB 4.57bn−THB 3.71bn
Free cash flowTHB 12.34bnTHB 5.95bn−THB 2.15bnTHB 8.22bnTHB 2.41bnTHB 7.68bn−THB 2.01bnTHB 4.37bn
Total assetsTHB 566.52bnTHB 549.92bnTHB 523.48bnTHB 552.21bnTHB 548.56bnTHB 545.92bnTHB 541.55bnTHB 541.48bn
Cash and short-term investmentsTHB 39.02bnTHB 36.45bnTHB 27.98bnTHB 32.89bnTHB 20.72bnTHB 21.09bnTHB 19.08bnTHB 23.88bn
DebtTHB 53.59bnTHB 263.90bnTHB 258.13bnTHB 266.68bnTHB 258.64bnTHB 250.99bnTHB 252.45bnTHB 228.39bn
Shareholders' equityTHB 117.47bnTHB 109.11bnTHB 102.63bnTHB 128.34bnTHB 131.66bnTHB 126.78bnTHB 125.95bnTHB 139.46bn

Financial ratios

Data as of 7 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin11.1%13.9%12.5%17.4%18.2%13.2%——
Operating margin1.4%-1.1%0.1%7.6%9.0%2.1%——
Net margin-1.6%-3.6%-2.0%4.7%5.6%0.7%——
Return on equity-7.2%-15.3%-6.6%16.7%16.6%1.9%——
Return on assets-1.4%-3.6%-1.8%5.0%4.9%0.5%——
Free cash flow yield36.6%37.2%56.0%75.2%40.2%43.4%——
Revenue growth-17.4%-0.5%-17.1%40.2%41.2%-6.0%——
Earnings growth-61.9%78.4%-134.8%17.9%988.9%-54.0%——
Current ratio0.98x0.96x0.94x1.07x1.10x1.02x——
Debt to equity2.49x2.00x1.48x1.32x1.36x1.60x——
Equity ratio19.6%23.3%27.9%29.8%29.3%27.9%——
Interest coverage0.42x-0.35x0.04x4.74x5.91x0.91x——
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value0.0%0.0%0.0%0.0%0.0%0.0%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-12.0%6.2%6.7%
Operating income-49.3%-1.6%-1.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin12.7%14.0%14.6%14.5%
Operating margin0.0%2.3%3.3%4.3%
Net margin-2.7%-0.3%0.7%2.2%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-12.3-7.3-14.27.49.286.037.411.513.810.0
Price to sales0.20.30.30.30.50.60.60.91.00.6

Dividends and splits

Per share, in the currency the company pays

Paid for 16 years. Last went ex-dividend on 27 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.550.700.701.151.450.9250.701.40

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.