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Ingersoll-Rand (India) Ltd (INGERRAND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500210 NSE: INGERRAND Compressors / Pumps | Small Cap | Ingersoll-Rand India Share Price

₹4,327.55 -18.90 (-0.43%)

As on 07-Aug'26 16:59

Ingersoll-Rand (India) Ltd (INGERRAND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500210 NSE: INGERRAND Compressors / Pumps | Small Cap | Ingersoll-Rand India Share Price

₹4,327.55 -18.90 (-0.43%)

As on 07-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹13,661 Cr.
Current Price
₹4,327.6
52-Week Low / High
₹3,070 / 4,768
TTM EPS
₹81.1
TTM Sales
₹1,392 Cr.
Book Value per Share
₹193.2
P/E Ratio
53.36
Higher than its 5-year historical median
Industry PE
46.6
Price to Book (P/B)
22.40
Higher than its 5-year historical median
Price to Sales (P/S)
9.81
Higher than its 5-year historical median
EV/EBITDA
36.31
Higher than its 5-year historical median
Dividend Yield
1.73%
Profitability Efficiency
Return on Equity (ROE)
42.10%
Outperforms industry median
Return on Capital Employed (ROCE)
56.31%
Outperforms industry median
Return on Assets (ROA)
26.69%
Operating Profit Margin
24.2%
Net Profit Margin
18.39%
Gross Profit Margin
26.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.2%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-1.78%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-4.3%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹578 Cr.
Equity
₹31.6 Cr.
Face Value
₹10
All Time Low / High
₹23.75 / 4998.35

Ingersoll-Rand (India) stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Ingersoll-Rand (India) Ltd a good quality company?
Ingersoll-Rand (India) Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ingersoll-Rand (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ingersoll-Rand (India) Ltd vs industry peers?
Ingersoll-Rand (India) Ltd revenue CAGR is 17.65%, compared to the industry median CAGR of 16.36%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ingersoll-Rand (India) Ltd?
Promoters hold 75.00% of the Ingersoll-Rand (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ingersoll-Rand (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.2% based on the current price.

10 Year X-Ray :

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 11.1%11.8%16.5%29.2%26.3%30.1%44%51.8%60.8%56.3%-
Value Creation
Index
-0.2-0.20.21.10.91.22.32.83.53.2-

Growth Parameters

Sales 6206157397066189101,1511,1981,3361,3921,392
Sales YoY Gr.--0.9%20.2%-4.5%-12.5%47.3%26.5%4.1%11.5%4.2%-
Adj EPS 23.528.125.725.82334.857.470.584.383.481.1
YoY Gr.-19.4%-8.7%0.7%-11%51.2%65.2%22.8%19.5%-1%-
BVPS (₹) 335.8356.8132.3119.6141.3174.5182.4183.1192.1193.2193.2
Adj Net
Profit
74.388.78181.672.6110181223266263256
Cash Flow from Ops. 12177.136.610976.580.9148207265274-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.4%17.7%6.6%4.2%
Adj EPS 15.1%29.4%13.3%-1%
BVPS-6%6.5%1.9%0.6%
Share Price 19.4% 34.4% 11% 19.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
7.28.110.520.417.521.932.138.544.74342
Op. Profit
Mgn %
9.311.31413.61816.621.422.925.424.223.9
Net Profit
Mgn %
1214.41111.611.812.115.818.619.918.918.4
Debt to
Equity
00000000000
Working Cap
Days
254232186164176150142144138146103
Cash Conv.
Cycle
5649505765605766544753

Valuation of Ingersoll-Rand India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6206157397066189101,1511,1981,3361,392
Operating Expenses + 5645466366105077599059249971,059
Manufacturing Costs20222321225361677987
Material Costs375348422394364558680682735769
Employee Cost 9310612012684105111119120129
Other Costs 76697168364354566474
Operating Profit 566910396111151246274339333
Operating Profit Margin (%) 9.0%11.2%14.0%13.6%17.9%16.6%21.3%22.9%25.4%23.9%
Other Income + 71733639131419443938
Exceptional Items 000000000-12
Interest 1-203232212
Depreciation 12131118141416181715
Profit Before Tax 114132127114108148246298360343
Tax 37434729353864769387
Profit After Tax 7789818572110183222268256
PAT Margin (%) 12.5%14.5%11.0%12.0%11.7%12.1%15.9%18.6%20.0%18.4%
Adjusted EPS (₹)24.528.225.626.822.934.957.970.584.781.1
Dividend Payout Ratio (%)24.50%738.70%23.40%104.50%13.10%57.30%86.40%99.40%94.40%92.50%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,0601,126418377446551576578606610
Share Capital 32323232323232323232
Reserves 1,0291,095386346414519544547575578
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables94104128114142200194157216250
Others Liabilities 50535261838588111106130
Total Liabilities 1,2041,284598552671835858846929990

Fixed Assets

Net Fixed Assets +126121117117112111110140137218
Gross Block147154162167169178190229235328
Accumulated Depreciation213344495767809098110
CWIP 212146465030
Investments 0000000000
Inventories8778907995161162175173215
Trade Receivables98110168142182219268244301299
Cash Equivalents 673771117161231294275223212160
Others Assets 21820310352474538595668
Total Assets 1,2041,284598552671835858846929990
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 12177371097781148207265274
PBT 114132127114108148246298360343
Adjustment -39-44-3101310111511
Changes in Working Capital 7731-4718-15-43-47-13-717
Tax Paid -31-41-41-32-29-34-62-79-93-98
Cash Flow From Investing Activity + 1419310059-1-5-5-34-38-69
Capex 44-9-9-2-6-12-15-49-49-77
Net Investments 435000000000
Others 545310961571014118
Cash Flow From Financing Activity + -23-23-791-125-4-13-162-225-240-255
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-00-2-1-1-1-1-1-1
Dividend Paid -19-19-657-980-9-158-221-237-253
Others -4-4-135-25-4-3-3-3-2-2
Net Cash Flow 239148-655437163-18-53-12-51
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)7.488.1310.4821.2817.5721.9932.4238.5545.1742.1
ROCE (%)11.1311.8316.5429.1726.3230.144.0251.8260.8156.31
Asset Turnover Ratio0.560.50.791.231.011.211.361.411.511.45
PAT to CFO Conversion(x)1.570.870.461.281.070.740.810.930.991.07
Working Capital Days
Receivable Days64.3060.7068.6080.2095.8080.5077.307874.4078.50
Inventory Days50.2048.2041.5043.8051.4051.3051.2051.3047.5050.90
Payable Days79.7085.3084.7095.70112.7098.6092.3084.3090110.70

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Ingersoll-Rand (India) Ltd FAQs

The current trading price of Ingersoll-Rand India on 07-Aug-2026 16:59 is ₹4,327.6.

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 06-Aug-2026 the market cap of Ingersoll-Rand India stood at ₹13,661.2 Cr

The latest P/E ratio of Ingersoll-Rand India as of 06-Aug-2026 is 53.36.

The latest P/B ratio of Ingersoll-Rand India as of 06-Aug-2026 is 22.40.

The 52-week high of Ingersoll-Rand India is ₹4,768.4 and the 52-week low is ₹3,070.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ingersoll-Rand India is ₹1,392 ( Cr.) .

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

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.

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

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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