Company Summary
IVL INDORAMA VENTURES PUBLIC COMPANY LIMITED
Industrials/Petrochemicals & Chemicals
SET50 / SETTHSI
CG Report:   
 
  Data as of 15 Jan 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
47.50 63.00 / 47.25 7.82 1.85 5,614.55 266,691.22 468,109.97 40,147.77 9.12
News
Date/Time Subject
15 Jan 2019 21:45   Information Memorandum on a Connected Transaction and Open Offer of Shares in Indo Rama Synthetics (India) Ltd.
15 Jan 2019 08:23   Redemption of Exchangeable Bonds issued by Canopus International Limited
02 Jan 2019 06:36   Report on the Completion of the Acquisition of the integrated PTA- PET assets in Corpus Christi, Texas, USA by the equal Joint Venture
27 Dec 2018 12:32   Commercial production startup at Purified Isophthalic Acid (PIA) Plant in USA
24 Dec 2018 12:46   Integrated PTA-PET assets at Corpus Christi Joint Venture Receives FTC approval
more

Company Profile
Address 75/102 Ocean Tower 2, 37th Floor, Soi Sukhumvit 19, Asoke road, Kwaeng Klongtoey Nuer, Khet Wattana Bangkok 10110
Telephone 0-2661-6661
Fax 0-2661-6664-5
URL www.indoramaventures.com
  Annual Report 2017
Establish Date 21/02/2003 Listed Date 05/02/2010
IPO Price (Baht) 10.20 @Par1.00 Baht
IPO Financial Advisory
  • BUALUANG SECURITIES PUBLIC COMPANY LIMITED
    		•
    Par 1.00 Baht
    Last Par Change N/A

    Business
    Indorama Ventures Public Company Limited, a holding company conducting its business through investment in subsidiaries and affiliates engaged in the manufacture of integrated petrochemical products both domestic and overseas. These companies manufacture and distribute Ethylene Oxide and Ethylene Glycol (?EO&EG?), Purified Terephthalic Acid (?PTA?), Polyethylene Terephthalate (?PET?), Polyester Fiber and Yarn and Wool products.

    Free Float 07 Mar 2018 07 Mar 2017
    % /Shareholders
    33.45% 21,063 33.50% 18,312
    Foreign Shareholders 74.72% (As of 15/01/2019) Foreign Limit 100.00%
    NVDR Shareholders  6.27% (As of 15/01/2019)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -13.24 -5.34 -12.31
    20 Days -12.44 -1.77 -10.64
    60 Days -17.39 -2.01 -11.15
    120 Days -16.67 -2.90 -13.15
    YTD -12.44 -5.26 -13.17
    P/E (X) 7.82 7.62 14.87
    P/BV (X) 1.85 1.31 1.79
    Turnover Ratio (%) 1.03 0.45 0.65

    Top 10 Major Shareholders(@04 Dec 2018) Share %
    1. บริษัท อินโดรามา รีซอสเซส จำกัด 3,504,991,318 62.43
    2. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 356,285,000 6.35
    3. ธนาคาร กรุงเทพ จำกัด (มหาชน) 270,905,264 4.83
    4. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 162,771,047 2.90
    5. MORGAN STANLEY & CO. INTERNATIONAL PLC 97,916,586 1.74
    6. STATE STREET EUROPE LIMITED 68,645,937 1.22
    7. GIC PRIVATE LIMITED 51,323,990 0.91
    8. SOUTH EAST ASIA UK (TYPE A) NOMINEES LIMITED 41,122,457 0.73
    9. CANOPUS INTERNATIONAL LIMITED 34,057,361 0.61

    Management Position
    1. Mr. SRI PRAKASH LOHIA CHAIRMAN OF THE BOARD
    2. Mr. ALOKE LOHIA GROUP CHIEF EXECUTIVE OFFICER / VICE CHAIRMAN
    3. Mr. RATHIAN SRIMONGKOL VICE CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    4. Mrs. SUCHITRA LOHIA DIRECTOR
    5. Mr. AMIT LOHIA DIRECTOR
    6. Mr. DILIP KUMAR AGARWAL DIRECTOR
    7. Mr. UDEY PAUL SINGH GILL DIRECTOR
    8. Mr. SANJAY AHUJA DIRECTOR
    9. Mr. SIRI GANJARERNDEE INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. KANIT SI INDEPENDENT DIRECTOR
    11. Mr. MARIS SAMARAM INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    12. Mr. WILLIAM ELLWOOD HEINECKE INDEPENDENT DIRECTOR
    13. Mr. RUSSELL LEIGHTON KEKUEWA INDEPENDENT DIRECTOR
    14. Mr. CHAKRAMON PHASUKAVANICH INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    15 Jan 2019    		 2018
    28 Dec 2018    		 2017
    29 Dec 2017
    Listed share (M.) 5,614.55  5,614.55  5,245.41 
    Market Cap (MB.) 266,691.22  304,589.44  279,318.16 
    Price (B./share) 47.50  54.25  53.25 
    BVPS (B./Share) 25.68  25.68  20.71 
    P/BV (X) 1.85  2.11  2.57 
    P/E (X) 7.82  8.93  20.18 
    Turnover Ratio (%) 4.58  111.40  115.25 
    Value Trade/Day (MB.) 1,323.24  1,418.13  954.96 
    Beta 1.72  1.74  2.09 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) -12.44  1.88  58.96 
    Dividend Yield (%) 1.98  1.74  1.14 
    Payout Ratio 0.26  0.26  0.23 
    Dividend Policy Not less than 30% of the net profit after tax and appropriation to legal reserve. However, the Board of Directors shall have the authority to consider waiving or amending such dividend policy subject to the condition (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jul 2018 - 30 Sep 2018 0.35 Baht 18 Dec 2018 Cash
    01 Jan 2018 - 30 Jun 2018 0.70 Baht 04 Sep 2018 Cash
    01 Jan 2017 - 31 Dec 2017 0.55 Baht 25 May 2018 Cash
    01 Jan 2017 - 30 Jun 2017 0.45 Baht 06 Sep 2017 Cash
    01 Jul 2016 - 31 Dec 2016 0.36 Baht 23 May 2017 Cash
    01 Jan 2016 - 30 Jun 2016 0.30 Baht 07 Sep 2016 Cash
    01 Jul 2015 - 31 Dec 2015 0.24 Baht 23 May 2016 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MR. CHAROEN PHOSAMRITLERT/KPMG PHOOMCHAI AUDIT LIMITED
    MISS SUREERAT THONGARUNSANG/KPMG PHOOMCHAI AUDIT LIMITED
    MR. SAKDA KAOTHANTHONG/KPMG PHOOMCHAI AUDIT LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Cash 11,116.33 4,448.26 6,877.05 4,025.65 3,232.48
    A/R Net 44,553.35 31,413.17 32,098.17 31,085.50 27,499.57
    Inventories 62,137.77 41,931.71 46,036.48 40,458.85 31,785.63
    Current Assets 127,413.06 86,144.59 92,953.01 84,495.25 70,548.20
    PP&E Net 175,227.35 145,108.84 151,201.96 136,860.35 120,365.58
    Total Assets 356,712.96 269,531.55 282,358.37 258,380.48 221,640.61
    OD 18,090.98 5,598.83 6,115.13 9,205.55 12,106.39
    A/P Net 53,896.20 34,401.03 - 37,316.10 31,148.97
    Current portion of LT 13,567.58 5,517.43 8,945.18 9,910.58 5,024.60
    Current Liabilities 101,942.52 57,757.83 65,621.55 65,861.51 57,383.15
    Non-Current Liabilities 104,738.21 101,137.97 97,750.12 100,704.04 81,304.50
    Total Liabilities 206,680.73 158,895.81 163,371.68 166,565.55 138,687.65
    Authorized Capital 5,666.01 5,666.01 5,666.01 5,666.01 5,666.01
    Paid-Up Capital 5,614.55 5,244.97 5,245.41 4,814.27 4,814.27
    Premium (Discount) on Share Capital 60,331.43 44,829.42 44,848.15 29,775.15 29,775.15
    Other Surplus (Deficit) -4,431.66 -3,988.20 -3,792.68 -4,578.76 -4,588.15
    Retained Earnings (Deficit) 74,891.32 48,725.41 58,526.33 42,679.48 30,291.21
    Treasury Stock - - - - -
    Shareholders' Equity 144,177.87 108,629.44 117,061.65 89,055.38 79,825.24
    Minority Interest 5,854.35 2,006.30 1,925.04 2,759.56 3,127.72
    more
    Statement of Comprehensive Income (MB.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Sales 255,735.02 215,915.64 286,332.27 254,619.54 234,697.95
    Other Income 3,042.49 880.69 4,935.39 8,825.55 5,435.63
    Total Revenues 259,420.82 216,869.39 291,267.66 263,445.09 240,133.58
    COGs 208,481.03 181,443.53 240,888.59 218,197.75 208,177.20
    SG&A 20,742.01 17,566.65 23,788.10 21,679.04 19,179.98
    Total Expenses 229,376.65 201,112.07 267,725.06 240,801.43 227,712.24
    EBITDA 40,147.77 24,576.27 35,781.42 33,709.08 21,747.03
    Depre. & Amor. 10,103.60 8,818.95 12,238.83 11,065.43 9,325.69
    EBIT 30,044.17 15,757.32 23,542.60 22,643.65 12,421.34
    Net Profit 24,110.69 10,880.00 20,882.86 16,197.10 6,609.26
    EPS (B.) 4.26 2.06 3.98 3.15 1.20
    more
    Statement of Cash Flow (MB.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 23,776.84 21,805.13 28,906.81 24,946.17 24,806.11
    Investing Cash Flow -34,964.02 -22,174.69 -28,785.72 -36,382.19 -21,299.52
    Financing Cash Flow 15,239.66 784.01 2,729.94 12,222.68 -5,607.48
    Net Cash Flow 4,052.48 414.45 2,851.03 786.67 -2,100.89
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 1.25 1.49 1.42 1.28
    ROE (%) 26.99 14.21 20.26 19.18
    ROA (%) 12.08 7.61 8.71 9.43
    D/E (X) 1.43 1.46 1.40 1.87
    Total Asset Turnover (X) 1.07 1.09 1.08 1.10
    Gross Profit Margin (%) 18.48 15.97 15.87 14.30
    EBIT Margin (%) 11.58 7.27 8.08 8.60
    Net Profit Margin (%) 9.29 5.02 7.17 6.15

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth 18.44 14.04 12.45 8.49
    COGs Growth 14.90 11.90 10.40 4.81
    Total Revenue Growth 19.62 9.69 10.56 9.71
    Total Expense Growth 14.05 12.28 11.18 5.75
    Net Profit Growth 121.61 -17.81 28.93 145.07

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 8.59 9.00 9.06 8.69
    Avg. Collection Period (Days) 42.51 40.56 40.27 41.99
    Inventory Turnover (Times) 5.15 6.02 5.57 6.04
    Avg. Inventory Period (Days) 70.89 60.66 65.53 60.43
    A/P Turnover (Times) 6.07 6.90 12.91 6.37
    Avg. Payment Period (Days) 60.14 52.88 28.27 57.26
    Cash Cycle (Days) 53.25 48.33 77.53 45.15


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
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    Only Preferred Share and Warrants
    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
         		 Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
    Source: www.set.or.th (Copyright © The Stock Exchange of Thailand)
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