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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

₹4,462.30 -26.55 (-0.59%)

As on 02-Jul'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

₹4,462.30 -26.55 (-0.59%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹14,087 Cr.
Current Price
₹4,462.3
52-Week Low / High
₹3,070 / 4,768
TTM EPS
₹81.1
TTM Sales
₹1,392 Cr.
Book Value per Share
₹195
P/E Ratio
55.02
Higher than its 5-year historical median
Industry PE
49
Price to Book (P/B)
22.88
Higher than its 5-year historical median
Price to Sales (P/S)
10.12
Higher than its 5-year historical median
EV/EBITDA
37.46
Higher than its 5-year historical median
Dividend Yield
1.79%
Profitability Efficiency
Return on Equity (ROE)
45.17%
Outperforms industry median
Return on Capital Employed (ROCE)
60.81%
Outperforms industry median
Return on Assets (ROA)
30.14%
Operating Profit Margin
25.4%
Net Profit Margin
20.02%
Gross Profit Margin
28.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11.53%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.85%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
20.29%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹584 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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Quality

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Valuation

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Price Trend

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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 13.62%, compared to the industry median CAGR of 14.24%, indicating stable growth and maintaining 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 20.5% based on the current price.

10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.2%11.1%11.8%16.5%29.2%26.3%30.1%44%51.8%60.8%-
Value Creation
Index
-0.4-0.2-0.20.21.10.91.22.32.83.5-

Growth Parameters

Sales 6216206157397066189101,1511,1981,3361,392
Sales YoY Gr.--0.1%-0.9%20.2%-4.5%-12.5%47.3%26.5%4.1%11.5%-
Adj EPS 19.923.528.125.725.82334.857.470.584.381.1
YoY Gr.-18.3%19.4%-8.7%0.7%-11%51.2%65.2%22.8%19.5%-
BVPS (₹) 319335.8356.8132.3119.6141.3174.5182.4183.1192.1195
Adj Net
Profit
62.874.388.78181.672.6110181223266256
Cash Flow from Ops. 66.812177.136.610976.580.9148207265-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.9%13.6%13.7%11.5%
Adj EPS 17.4%26.7%34.3%19.5%
BVPS-5.5%9.9%3.3%4.9%
Share Price 20.1% 35.7% 16.9% 12.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.47.28.110.520.417.521.932.138.544.741.9
Op. Profit
Mgn %
6.59.311.31413.61816.621.422.925.423.9
Net Profit
Mgn %
10.11214.41111.611.812.115.818.619.918.4
Debt to
Equity
00000000000
Working Cap
Days
393254232186164176150142144138103
Cash Conv.
Cycle
7556495057656057665653

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6216206157397066189101,1511,1981,336
Operating Expenses + 586564546636610507759905924997
Manufacturing Costs19202223212253616779
Material Costs396375348422394364558680682735
Employee Cost 859310612012684105111119120
Other Costs 85766971683643545664
Operating Profit 35566910396111151246274339
Operating Profit Margin (%) 5.7%9.0%11.2%14.0%13.6%17.9%16.6%21.3%22.9%25.4%
Other Income + 55717336391314194439
Exceptional Items 0000000000
Interest 01-20323221
Depreciation 10121311181414161817
Profit Before Tax 80114132127114108148246298360
Tax 20374347293538647693
Profit After Tax 597789818572110183222268
PAT Margin (%) 9.6%12.5%14.5%11.0%12.0%11.7%12.1%15.9%18.6%20.0%
Adjusted EPS (₹)18.824.528.225.626.822.934.957.970.584.7
Dividend Payout Ratio (%)31.90%24.50%738.70%23.40%104.50%13.10%57.30%86.40%99.40%94.40%

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,0071,0601,126418377446551576578606
Share Capital 32323232323232323232
Reserves 9751,0291,095386346414519544547575
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables10594104128114142200194157216
Others Liabilities 6850535261838588111106
Total Liabilities 1,1791,2041,284598552671835858846929

Fixed Assets

Net Fixed Assets +78126121117117112111110140137
Gross Block87147154162167169178190229235
Accumulated Depreciation10213344495767809098
CWIP 352121464650
Investments 0000000000
Inventories958778907995161162175173
Trade Receivables13698110168142182219268244301
Cash Equivalents 476673771117161231294275223212
Others Assets 359218203103524745385956
Total Assets 1,1791,2041,284598552671835858846929

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6712177371097781148207265
PBT 82114132127114108148246298360
Adjustment -29-39-44-31013101115
Changes in Working Capital 467731-4718-15-43-47-13-7
Tax Paid -33-31-41-41-32-29-34-62-79-93
Cash Flow From Investing Activity + 1131419310059-1-5-5-34-38
Capex -3444-9-9-2-6-12-15-49-49
Net Investments 9843500000000
Others 4954531096157101411
Cash Flow From Financing Activity + -23-23-23-791-125-4-13-162-225-240
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-00-2-1-1-1-1-1
Dividend Paid -19-19-19-657-980-9-158-221-237
Others -4-4-4-135-25-4-3-3-3-2
Net Cash Flow 156239148-655437163-18-53-12

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.047.488.1310.4821.2817.5721.9932.4238.5545.17
ROCE (%)8.1511.1311.8316.5429.1726.3230.144.0251.8260.81
Asset Turnover Ratio0.50.560.50.791.231.011.211.361.411.51
PAT to CFO Conversion(x)1.141.570.870.461.281.070.740.810.930.99
Working Capital Days
Receivable Days86.3064.3060.7068.6080.2095.8080.5077.307874.40
Inventory Days56.9050.2048.2041.5043.8051.4051.3051.2051.3047.50
Payable Days9079.7085.3084.7095.70112.7098.6092.3084.3087.60

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 (%)

Top 5 Mutual Funds Holding

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Announcements

Ingersoll-Rand (India) Ltd FAQs

The current trading price of Ingersoll-Rand India on 02-Jul-2026 16:59 is ₹4,462.3.

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 01-Jul-2026 the market cap of Ingersoll-Rand India stood at ₹14,086.6 Cr

The latest P/E ratio of Ingersoll-Rand India as of 01-Jul-2026 is 55.02.

The latest P/B ratio of Ingersoll-Rand India as of 01-Jul-2026 is 22.88.

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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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