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IPD Group Ltd ASX:IPG

1 opened or increased4 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 6 managers in total.

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20252026

17 Dec 2025 to today

Commentary Showing 2 of 14

DateManagerActionSummary

31 Aug 2026QVG CapitalHeldQVG Capital continues to hold IPD Group because the manager notes the company delivered an accelerating organic growth rate alongside successful mergers and acquisitions. QVG describes IPD as having the same formula today that has delivered its attractive historical returns, citing the same multiple, same growth rate and same M&A prospects, indicating the fund sees no change to the underlying investment thesis despite the passage of time.

Monthly Report, price recorded $5.34

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29 Jun 2026Wilson Asset ManagementHeldWilson Asset Management maintains a positive outlook on IPD Group because the electrical solutions provider's FY26 EBIT guidance of $46.3 million to $47.1 million implies 19 per cent midpoint growth, supported by a partial contribution from the Platinum Cables acquisition and 25 per cent revenue growth in data centre-related demand. The investment team believes IPD Group will continue to grow market share organically at double the rate of its underlying sector exposure, with bolt-on acquisitions likely to further accelerate growth. Following a site tour with management, the manager remains constructive on the company's exposure to rising investment in data centres and broader infrastructure.

M&ANewsletter, price recorded $5.72

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12 more comments on IPGPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 6 managers first commented on IPG.

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Articles

31 Aug 2026IPD Group's Data Centre Push Becomes a Major Growth Driver
29 Jun 2026IPD Group IPG Fund Manager Commentary and Investment Thesis

About IPD Group Ltd

Industrials, Trading Companies and Distributors

IPD Group (ASX:IPG), an electrical infrastructure distributor, is favoured by fund managers for its exposure to data centres and electrification. In August 2026, QVG Capital said IPD delivered accelerating organic growth alongside successful acquisitions, applying the same formula that has delivered strong historical returns. Wilson Asset Management highlighted FY26 EBIT guidance of $46.3 million to $47.1 million and its role distributing largely ABB-branded electrical equipment, while Spheria added IPD for its exposure to data centre and network build-outs. IPD Group operates in the Industrials sector within the Trading Companies and Distributors industry, and Thesis Tracker has captured 14 comments from 6 fund managers, including QVG, Wilson Asset Management, Spheria, Asymmetric and Hayborough. Founded in 2005 and headquartered in Wetherill Park, Sydney, IPD distributes electrical equipment for power distribution, automation and EV charging and provides installation, testing and maintenance services through its Products and Services divisions.

Market cap: $583m
Price to earnings: 19.3x
Return on equity: 17.6%
Dividend yield: 2.6%
Price to book: 3.22x
Net margin: 7.4%
52-week range: $3.24 to $6.51

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in IPD Group Ltd (ASX:IPG)?

Fund managers including Asymmetric Asset Management, Ausbil Investment Management, QVG Capital, Spheria Asset Management, Centennial Asset Management and Wilson Asset Management have invested in IPD Group Ltd (ASX:IPG).

What opportunities or catalysts do fund managers highlight for IPD Group Ltd?

Managers highlight accelerating organic growth, successful acquisitions, the ability to pass on cost inflation and rising demand from data centres and electrification, according to QVG, Wilson Asset Management and Spheria.

What are the key risks to the IPD Group Ltd investment thesis, according to fund managers?

The available commentary is positive and does not detail specific risks, though IPD's growth depends on construction and infrastructure activity and on maintaining key supplier relationships such as ABB.

What does IPD Group Ltd (ASX:IPG) do?

IPD Group Ltd. is an Australian electrical infrastructure distributor and service provider founded in 2005. Headquartered in Wetherill Park, the company operates two core segments: Products and Services. The Products Division supplies power distribution, monitoring, and industrial control equipment to manufacturers, contractors, and utilities. The Services Division offers installation, commissioning, maintenance, and testing. IPD Group serves diverse verticals, including renewables, commercial infrastructure, power generation, and leisure facilities. As a national provider, the firm supports critical electrical systems across Australia through its integrated product and service solutions.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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