Ingersoll-Rand (India) Ltd - Stock Valuation and Financial Performance

BSE: 500210 | NSE: INGERRAND | Compressors / Pumps | Small Cap

Ingersoll Rand Share Price

3,621.10 31.15 0.87%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ingersoll Rand

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Ingersoll-Rand (India) stock performance -

mw4me loader
P/E Ratio (SA):
51.22
Market Cap:
11,557.5 Cr.
52-wk low:
2,368
52-wk high:
3,862.3

Is Ingersoll-Rand (India) Ltd an attractive stock to invest in?

1. Is Ingersoll-Rand (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ingersoll-Rand (India) Ltd is a average quality company.

2. Is Ingersoll-Rand (India) Ltd undervalued or overvalued?

The key valuation ratios of Ingersoll-Rand (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Ingersoll-Rand (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ingersoll-Rand (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Ingersoll Rand:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ingersoll-Rand (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.3%6%6.4%7.2%8%10.5%20.9%17.8%22.3%32.4%-
Value Creation
Index
-0.5-0.6-0.5-0.5-0.4-0.30.50.30.61.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5796106216206157397066189101,1511,214
Sales YoY Gr.-5.4%1.8%-0.1%-0.9%20.2%-4.5%-12.5%47.3%26.5%-
Adj EPS 20.417.419.923.528.125.725.82334.857.471.5
YoY Gr.--14.7%14.6%18.3%19.4%-8.7%0.7%-11%51.2%65.2%-
BVPS (₹) 289.7303.2319335.8356.8132.3119.6141.3174.5182.4213.4
Adj Net
Profit
64.354.862.874.388.78181.672.6110181226
Cash Flow from Ops. -64.229.366.812177.136.610976.580.9148-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.9%13.4%17.7%26.5%
Adj EPS 12.2%15.4%30.5%65.2%
BVPS-5%-12.6%15.1%4.5%
Share Price 22.9% 42.2% 75.5% 39.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.25.96.47.28.110.520.417.521.932.136.1
Op. Profit
Mgn %
7.96.66.59.311.31413.61816.621.424.9
Net Profit
Mgn %
11.1910.11214.41111.611.812.115.818.6
Debt to
Equity
0000000000-
Working Cap
Days
592552393254232186164176150142111
Cash Conv.
Cycle
8083755649505765605770

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 36.10%

Sales growth is growing at healthy rate in last 3 years 17.71%

Net Profit is growing at healthy rate in last 3 years 30.51%

Sales growth is good in last 4 quarters at 15.16%

No data to display

Latest Financials - Ingersoll-Rand (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 71.5 -
TTM Sales (₹ Cr.) 1,214 -
BVPS (₹.) 213.4 -
Reserves (₹ Cr.) 642 -
P/BV 17.15 -
PE 51.22 -
From the Market
52 Week Low / High (₹) 2368.00 / 3862.30
All Time Low / High (₹) 23.75 / 3862.30
Market Cap (₹ Cr.) 11,558
Equity (₹ Cr.) 31.6
Face Value (₹) 10
Industry PE 54.3

Management X-Ray of Ingersoll Rand:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ingersoll Rand

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5796106216206157397066189101,151
Operating Expenses 533570586564546636610507759905
Manufacturing Costs21-211920222321225361
Material Costs371436396375348422394364558680
Employee Cost 6677859310612012684105111
Other Costs 76768576697168364354
Operating Profit 454035566910396111151246
Operating Profit Margin (%) 7.8%6.6%5.7%9.0%11.2%14.0%13.6%17.9%16.6%21.3%
Other Income 62605571733639131419
Interest 1201-203232
Depreciation 8121012131118141416
Exceptional Items 01000000000
Profit Before Tax 989780114132127114108148246
Tax 31332037434729353864
Profit After Tax 6763597789818572110183
PAT Margin (%) 11.6%10.4%9.5%12.5%14.5%11.0%12.0%11.7%12.1%15.9%
Adjusted EPS (₹)21.220.118.824.528.225.626.822.934.957.9
Dividend Payout Ratio (%)28%30%32%25%739%23%104%13%57%86%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9159571,0071,0601,126418377446551576
Share Capital 32323232323232323232
Reserves 8839269751,0291,095386346414519544
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables13612710594104128114142200194
Others Liabilities 5824036850535261838588
Total Liabilities 1,6331,4871,1791,2041,284598552671835858

Fixed Assets

Gross Block16316687147154162167169178190
Accumulated Depreciation55571021334449576780
Net Fixed Assets10910978126121117117112111110
CWIP 846352121464
Investments 0000000000
Inventories135112958778907995161162
Trade Receivables17417813698110168142182219268
Cash Equivalents 417418476673771117161231294275
Others Assets79062435921820310352474538
Total Assets 1,6331,4871,1791,2041,284598552671835858

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -64296712177371097781148
PBT 9810182114132127114108148246
Adjustment -43-39-29-39-44-310131011
Changes in Working Capital -885467731-4718-15-43-47
Tax Paid -32-37-33-31-41-41-32-29-34-62
Cash Flow From Investing Activity 31-41131419310059-1-5-5
Capex -20-60-3444-9-9-2-6-12-15
Net Investments 0098435000000
Others 5155495453109615710
Cash Flow From Financing Activity -23-24-23-23-23-791-125-4-13-162
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0-20000-2-1-1-1
Dividend Paid -19-19-19-19-19-657-980-9-158
Others -3-4-4-4-4-135-25-4-3-3
Net Cash Flow -561156239148-655437163-18
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.56.786.047.488.1310.4821.2817.5721.9932.42
ROCE (%)11.1710.578.1511.1311.8316.5429.1726.3230.144.02
Asset Turnover Ratio0.40.430.50.560.50.791.231.011.211.36
PAT to CFO Conversion(x)-0.960.461.141.570.870.461.281.070.740.81
Working Capital Days
Receivable Days91978664616980968177
Inventory Days65685750484244515151
Payable Days1009590808585961139992

Ingersoll-Rand (India) Ltd Stock News

Ingersoll-Rand (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ingersoll Rand on 28-Mar-2024 16:01 is ₹3,621.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Ingersoll Rand stood at ₹11,557.5.
The latest P/E ratio of Ingersoll Rand as of 28-Mar-2024 16:01 is 51.22.
The latest P/B ratio of Ingersoll Rand as of 28-Mar-2024 16:01 is 17.15.
The 52-week high of Ingersoll Rand is ₹3,862.3 and the 52-week low is ₹2,368.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ingersoll Rand is ₹1,214 ( Cr.) .

About Ingersoll-Rand (India) Ltd

Ingersoll-Rand (India), incorporated in 1921 is engaged in the business of providing solutions for infrastructure development, industrial solutions and climate control markets. Today, the company has emerged as being amongst the largest exporters of engineered goods in India. The company’s manufacturing facility is located in Ahmedabad in Gujarat. This facility has received ISO-9001 and ISO-14001 certification for quality management.

This Bangalore-based company has a sales network spread across 18 locations in India. Currently, it is listed on the Bombay Stock Exchange and the National Stock Exchange. 

Business

Ingersoll-Rand manufactures a wide range of air compressors of various capacities with complete air solutions that span the entire compressed air system. It supplies an extensive range of SSR and Nirvana rotary screw compressors, with both fluid cooled and oil-free models. Its product- Centac is an oil-free centrifugal compressor extensively used for continuous duty applications. The company also manufactures air dryers, filters, after-coolers, receivers, water separators, etc. it also operate an in-house research and development unit for developing and testing new units

The company has completed an expansion of pump production capacity at its manufacturing facility in Sahibabad, India. The expansion expands its current pump production capability to include ARO Pro & EXP Series air-operated diaphragm pumps.

Ingersoll-Rand has tied-up with the world’s second largest valuable company IBM to provide remote energy and asset management solutions in India to drive greater energy efficiencies for organisations who are engaged in infrastructure creation or maintenance for high growth sectors (Commercial, Hospitality, Health, Pharma & others).

Milestones

  • 1921- Ingersoll Rand (India) was established in Calcutta as a trading company, thus becoming one of the first Indo-American ventures in India.
  • 1965- The company set up India's first manufacturing plant for reciprocating compressors in Naroda, Gujarat. In the first year itself 800 compressors were manufactured
  • 1977- The company went public.
  • 1978- Ingersoll-Rand established its second manufacturing plant at Bangalore for production of construction, mining and water well drilling equipment.
  • 1983- The company started rotary screw compressor assembly in its Naroda plant. 
  • 1989- The packaging of Centac compressor was started at the Naroda plant.
  • 1993- The company’s Bangalore plant started production of soil and asphalt compactors.
  • 1994- The company’s Ahmedabad plant started manufacturing of gas compressors. 
  • 1995- Ingersoll-Rand expanded capacity of it Ahmedabad plant in order to cater growing demand for castings. 
  • 1996- It acquired majority stake in Wadco Tools, Sahibabad -- a manufacturer of industrial tools.
  • 1996- The company expanded the capacity of its Bangalore plant for in-house fabrication facility. 
  • 1997- It expanded its product portfolio by adding road building products like pneumatic tyre rollers to its Bangalore product line. 
  • 2000- The company’s head office was shifted to Bangalore. 
  • 2000- The company’s Naroda plant received ISO 9001 certification. it sold its process gas compressor division. The company set up a new high-pressure portable compressor for water-well drilling.
  • 2001- The company launched its indigenously built hydraulic drifter drills. 
  • 2001- Ingersoll-Rand established RASTA, an institute to meet the training needs of the road-building community.
  • 2002- The company’s Naroda Plant received ISO 14001 certification. 
  • 2002- The company’s PET packaging facility was shifted from Davidson facility in the USA to Ahmedabad plant. It shifted its rotary screw compressor facility from Bangalore to its Ahmedabad. 
  • 2003- The company built its first DM-H drill delivered to Northern Coal Fields, a subsidiary of Coal India. 
  • 2004- The company divested its drilling solution business to Atlas Copco. 
  • 2005- The company shifted its registered office to Bangalore. 
  • 2007- Ingersoll-Rand divested its bobcat, utility equipments and attachments to Doosan. 
  • 2007-The company divested its road machinery business to Volvo.
  • 2008- It completed acquisition of Trane Inc., a global leader in indoor climate control systems, services and solutions in a transaction valued at approximately $10.1 billion
  • 2012- The company has completed an expansion of pump production capacity at its manufacturing facility in Sahibabad, India. The expansion expands its current pump production capability to include ARO Pro & EXP Series air-operated diaphragm pumps.
  • 2013 - Ingersoll Rand Launches Air Operated AROTM Dose Pumps in India

                    Ingersoll Rand Launches mid Torque cordless imapct wrenches & Drill drivers in India

  • 2014 - Ingersoll Rand wins ‘2014 Dream Company to Work For’ Award second time in a row in the Manufacturing Sector

                    Ingersoll Rand Launches Science Centre With AGASTYA Foundation For Underprivileged Children In Remote Areas.



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