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Thai stocks · SET · Industrials · Petrochemicals and chemicals
Held by 2 funds2 open to buy2 AMCs
Last close (THB)24.70−0.30 (−1.20%)as of 4 Nov 2026
Funds that hold it2One fund per scheme
Held through a master fund02 buy the stock themselves
Largest weight in a single fund8.85%Of that fund's NAV
Median weight6.63%Half the funds hold more than this
What does IVL do
Indorama Ventures PCL
Makes PET resin for water bottles, synthetic fibres and chemicals at plants in dozens of countries, selling to drinks, clothing and car makers worldwide, so profit rises and falls with the spread between product prices and oil- and gas-based feedstock costs
PET resin for water bottlesRecycled PET plasticPolyester and nylon fibresFibres for airbags and vehicle tyresSurfactants for household productsPlastic bottles and preforms
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 89 · operating expenses 10 · other income adds 0 · tax and other items 3 · leaving −2 as net profit
Which funds let you invest in IVL
Sorted by weight held, largest first
Investors in Thailand can buy IVL through 2 mutual funds open to retail investors. Every one of them buys the stock directly.
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
How many funds each AMC holds it through
TISCOASSET
Data sourcesFunds that buy the stock themselves: top 5 holdings from the AMC's fact sheet as of 30 Sep 2026 · Funds that invest through a master fund: the master fund's portfolio from its issuer's fact sheet or prospectus · Each scheme counts as one fund · Share price: Market data · Financial statements: SEC Thailand (audited financial statements) · Ratios: Market data · Revenue by business segment: SEC Thailand (audited financial statements) · Weights are as of the report date, and funds can change their portfolios at any time · Investing involves risk. This is not investment advice.
4.40%
Buys the stock directly
+44.18%
Showing 2 of 2 funds you can buy · The full list is in the Expert view · Latest weights from portfolio reports, and funds can change their portfolios at any time · Past performance is not a guarantee of future performance
Valuation and key ratios
Indorama Ventures PCL · SET · Fiscal year ends in December
Market cap138.7B THB5.61 billion shares
P/EN/AFY2025 EPS is negative
Forward P/E20.2xBased on forecast 12-month earnings
P/S0.3x
EV/EBITDA9.1x
Dividend yield2.91%0.72 THB per share a year
ROE−6.0%Net profit ÷ shareholders' equity
Debt to equity (D/E)2.16xInterest-bearing debt
Beta1.09Against SET50 (TDEX fund)
Gross margin11.1%FY2025
Operating margin1.6%FY2025
Net margin−1.6%FY2025
Price ratios use the latest close shown on this page · Forward P/E, P/S and EV/EBITDA from Market data · Beta from 5 years of monthly returns · Total dividends over the last 12 months
Company health made simple
From the FY2025 statements
Sales growth−12.0%Slow growth
Yearly average over the last 3 years · Latest annual sales 447.2B THB
Profit from sales−2%Thin margin
For every 100 baht of sales, about −2 baht is left as net profit
Dividend2.91%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+37.2%Up
Now 17.7% below its 1-year high
A rise or fall in the share price doesn't move a fund by the same amount — a fund is affected only in proportion to how much it holds
Financial statements
Revenue grows −12.0% a year on average · EPS grows N/A a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY2022656.3B THB31.0B THB
FY2023541.5B THB−10.8B THB
FY2024541.6B THB−19.3B THB
FY2025447.2B THB−7.3B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY2025117.6B THB−521.0M THB
Q3 FY2025109.2B THB−818.1M THB
Q4 FY2025102.1B THB−4.7B THB
Q1 FY2026109.4B THB−2.8B THB
Q2 FY2026136.0B THB6.0B THB
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
656.3B THB
541.5B THB
541.6B THB
447.2B THB
Gross profit
111.9B THB
65.4B THB
75.3B THB
49.8B THB
Operating profit
50.6B THB
1.8B THB
−5.2B THB
Free cash flow = operating cash flow − capital expenditure · A cell showing N/A is an item the statement doesn't report, not a zero · Source: SEC Thailand (audited financial statements)
Technical analysis
Closed at 24.70 THB on 4 Nov 2026
Daily trendClear downtrendScore −0.80 on a scale of −1 to +1 · 1211 bars
RSI(14)
33.6
ADX(14)
24.7
Position in the price range
40%
Weekly trendSidewaysScore −0.10 on a scale of −1 to +1 · 262 bars
RSI(14)
49.3
ADX(14)
19.4
Position in the price range
65%
Monthly trendLeaning upScore 0.17 on a scale of −1 to +1 · 61 bars
RSI(14)
52.5
ADX(14)
18.6
Position in the price range
65%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
26.07
25.84
Below
20 days
26.85
26.45
Below
50 days
26.82
26.32
Below
100 days
24.70
25.33
Below
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
33.59
Down
MACD(12,26)
−0.56
Down
ADX(14)
24.75
Neutral
ATR(14) % of price
1.78
Neutral
Support and resistance (weekly pivots)
s323
s224
s1
Trend score = average of the moving-average group and the indicator group ((up signals − down signals) ÷ number of signals) · RSI and ATR use Wilder's method · MACD uses the 12- and 26-period EMA · An ADX of 25 or above counts as a clear trend · Calculated from daily closing prices from Market data · Not investment advice
One fund counted per scheme · Funds investing through a master fund show the master fund's weight in IVL, not the look-through weight · Past performance is not a guarantee of future performance
TDSThaiESG-ATISCO Dividend Select Equity Thailand ESG Fund
PRINCIPAL EPIFPrincipal Energy and Petrochemical Index Fund