Ingersoll-Rand (India) Ltd
INGERRAND NSE
Ingersoll-Rand (India) Ltd
Industrial ProductsNSE: INGERRAND BSE: 500210 Compressors Pumps & Diesel Engines
Key Fundamentals
MicrocapCompressors Pumps & Diesel EnginesIndustrial ProductsMarket Cap
₹14,347 Cr
Volatility
Moderate
P/E Ratio
55.36
EBITDA
₹372 Cr
Return on Equity
41.58%
Debt to Equity
0.01
Book Value
₹195.04
EPS
₹73.02
52W High
₹4,768.7
52W Low
₹3,063.3
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ingersoll-Rand (India) Ltd insights
29 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 42.2%
- Company has been maintaining a healthy dividend payout of 72.8%
Weaknesses
1- Stock is trading at 23.0 times its book value
Growth Rate
Revenue Growth
4.09% ↘
Net Income Growth
-4.30% ↘
Cash Flow Change
3.24% ↗
ROE
-5.28% ↘
ROCE
-5.15% ↘
EBITDA Margin (Avg.)
-5.66% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
Ingersoll-Rand (India) Ltd is a nearly debt-free industrial products company with a market cap of Rs 13,599 crore, trading at a PE of 53x and 22x book value. The company delivers a strong 3-year ROE of 42% and maintains a 72.8% dividend payout, but recent growth has decelerated with TTM sales growth at 4% and TTM profit growth at -2%.
Bull Case 7
- Company is virtually debt-free, providing financial resilience and flexibility for future capital allocation
- Exceptional return on equity track record with 3-year ROE of 42% and last year ROE of 43%, indicating highly efficient capital deployment
- Healthy dividend payout ratio of 72.8% with a current dividend yield of 1.75%, offering consistent cash returns to shareholders
- Strong 5-year compounded profit growth of 30%, demonstrating sustained earnings expansion over medium term
- 5-year stock CAGR of 34% reflects sustained wealth creation for long-term shareholders
- 10-year compounded profit growth of 16% shows a durable earnings compounding track record across business cycles
- 5-year compounded sales growth of 18% indicates meaningful topline expansion over the medium term
Bear Case 7
- Stock trades at 22x price-to-book value, a steep premium that leaves limited margin of safety
- PE ratio of 53x is significantly elevated relative to broader industrial sector averages, pricing in aggressive future growth
- TTM sales growth has decelerated sharply to just 4% compared to 5-year CAGR of 18%, signaling a potential growth slowdown
- TTM profit growth has turned negative at -2%, contrasting with 5-year profit CAGR of 30%, raising earnings momentum concerns
- 10-year sales CAGR of only 8% suggests the company operates in a moderate-growth industry with limited topline scalability
- 3-year sales CAGR of 7% is modest relative to the premium valuation the market assigns to the stock
- High valuation multiples leave the stock vulnerable to de-rating if growth deceleration persists beyond the near term
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 18h ago Headwinds 2
- FY26 net profit decline Jul 20
Ingersoll-Rand (India) FY26 net profit declined to ₹256.2 crore due to an exceptional item of ₹11.8 crore, despite 4.2% revenue growth to ₹13,923.7 crore.
- Stifel lowers price target Jul 20
Stifel analyst Nathan Jones cut Ingersoll Rand's price target from $85 to $84 while maintaining a Hold rating, signaling muted near-term expectations.
Positives 3
- Q1FY26 profit up 20% YoY Aug 13
Ingersoll-Rand (India) reported a 19.5% YoY rise in Q1FY26 net profit to ₹70.46 crore, with revenue up 18.7% and operating margins expanding on cost efficiencies.
- Q2 EPS beats estimates Jul 31
Ingersoll Rand reported Q2 adjusted EPS of $0.86, beating the $0.82 consensus by 3.61%, with sales rising 8.53% YoY to $2.049 billion.
- FY26 guidance raised Jul 30
Ingersoll Rand lifted FY26 adjusted EPS and sales guidance above analyst estimates, citing strong operational performance.
Neutral 2
- AGM approves dividend and RPTs Aug 15
Shareholders approved a ₹20 per share final dividend and material related-party transactions at the 104th AGM held on August 14, 2026.
- New Chairman appointed Jul 21
Sunil Khanduja appointed as Chairman effective July 27, 2026, replacing Sekhar Natarajan who retires after 10 years on the board.
TL;DR: Ingersoll-Rand (India) is showing strong operational momentum with Q1FY26 profit up ~20% YoY and the parent raising full-year guidance after beating estimates. FY26 full-year profits were weighed down by an exceptional charge, and a Stifel Hold rating with a trimmed target reflects cautious global sentiment. The trend is improving quarter-on-quarter, and sustained revenue growth with margin expansion positions the stock well if exceptional items do not recur.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 305 | 276 | 329 | 299 | 318 | 322 | 382 | 322 | 315 | 322 | 455 | 300 | 379 |
| Expenses | 233 | 211 | 254 | 225 | 235 | 243 | 279 | 239 | 241 | 246 | 341 | 231 | 289 |
| Operating Profit | 71 | 66 | 75 | 74 | 83 | 79 | 102 | 83 | 74 | 76 | 114 | 69 | 90 |
| OPM % | 23% | 24% | 23% | 25% | 26% | 25% | 27% | 26% | 24% | 24% | 25% | 23% | 24% |
| Other Income | 6 | 6 | 4 | 16 | 5 | 6 | 8 | 12 | 10 | 9 | -15 | 23 | 10 |
| Interest | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 5 | 5 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
| PBT | 72 | 67 | 74 | 84 | 83 | 81 | 106 | 90 | 80 | 81 | 95 | 88 | 95 |
| Tax % | 26% | 26% | 26% | 24% | 26% | 25% | 27% | 25% | 26% | 25% | 24% | 26% | 26% |
| Net Profit | 54 | 50 | 55 | 64 | 62 | 60 | 78 | 68 | 59 | 60 | 72 | 65 | 70 |
| EPS in Rs | 17.02 | 15.75 | 17.45 | 20.23 | 19.6 | 19.12 | 24.6 | 21.43 | 18.68 | 19.12 | 22.77 | 20.53 | 22.32 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 656 | 621 | 620 | 615 | 739 | 706 | 618 | 910 | 1,151 | 1,198 | 1,336 | 1,392 | 1,457 |
| Expenses | 632 | 577 | 564 | 544 | 634 | 607 | 507 | 758 | 905 | 923 | 996 | 1,059 | 1,107 |
| Operating Profit | 23 | 44 | 56 | 71 | 106 | 99 | 111 | 152 | 246 | 275 | 341 | 333 | 349 |
| OPM % | 3.6% | 7% | 9% | 12% | 14% | 14% | 18% | 17% | 21% | 23% | 26% | 24% | 24% |
| Other Income | 90 | 47 | 71 | 74 | 34 | 36 | 13 | 13 | 19 | 43 | 38 | 27 | 27 |
| Interest | 2 | 0 | 1 | 0 | 0 | 3 | 2 | 3 | 2 | 2 | 1 | 2 | 1 |
| Depreciation | 12 | 10 | 12 | 13 | 11 | 18 | 14 | 14 | 16 | 18 | 17 | 15 | 16 |
| PBT | 100 | 81 | 114 | 132 | 127 | 114 | 108 | 148 | 246 | 298 | 360 | 343 | 359 |
| Tax % | 34% | 25% | 32% | 32% | 36% | 26% | 33% | 26% | 26% | 25% | 26% | 25% | — |
| Net Profit | 66 | 61 | 77 | 89 | 81 | 85 | 72 | 110 | 183 | 222 | 268 | 256 | 268 |
| EPS in Rs | 20.95 | 19.27 | 24.48 | 28.16 | 25.64 | 26.8 | 22.92 | 34.89 | 57.86 | 70.45 | 84.74 | 81.1 | 84.74 |
| Div. Payout % | 29% | 31% | 25% | 739% | 23% | 104% | 13% | 57% | 86% | 99% | 94% | 25% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 926 | 976 | 1,030 | 1,097 | 387 | 350 | 419 | 520 | 546 | 549 | 578 | 584 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 8 | 10 | 8 | 5 | 6 | 11 | 9 |
| Other Liabilities | 174 | 153 | 151 | 160 | 181 | 163 | 212 | 276 | 276 | 266 | 312 | 374 |
| Total Liabilities | 1,131 | 1,161 | 1,212 | 1,289 | 599 | 552 | 672 | 836 | 859 | 852 | 932 | 999 |
| Fixed Assets | 109 | 78 | 126 | 121 | 117 | 117 | 112 | 111 | 110 | 140 | 137 | 218 |
| CWIP | 46 | 35 | 2 | 1 | 2 | 1 | 4 | 6 | 4 | 6 | 50 | 30 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 976 | 1,048 | 1,084 | 1,167 | 480 | 434 | 556 | 719 | 745 | 706 | 745 | 751 |
| Total Assets | 1,131 | 1,161 | 1,212 | 1,289 | 599 | 552 | 672 | 836 | 859 | 852 | 932 | 999 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 29 | 67 | 121 | 77 | 37 | 109 | 76 | 81 | 148 | 207 | 265 | 274 |
| Investing | -4 | 113 | 141 | 93 | 100 | 59 | -1 | -5 | -5 | -34 | -37 | -70 |
| Financing | -24 | -23 | -23 | -23 | -791 | -125 | -4 | -13 | -162 | -225 | -240 | -255 |
| Net Cash Flow | 1 | 156 | 239 | 148 | -655 | 43 | 71 | 63 | -19 | -53 | -11 | -51 |
| Free Cash Flow | -30 | 33 | 94 | 68 | 28 | 107 | 70 | 69 | 133 | 158 | 216 | 196 |
| CFO/OP | 285 | 224 | 272 | 167 | 74 | 144 | 95 | 76 | 85 | 104 | 105 | 112 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 99 | 80 | 58 | 65 | 83 | 74 | 108 | 88 | 85 | 74 | 82 | 78 |
| Inventory Days | 94 | 87 | 85 | 82 | 78 | 73 | 95 | 105 | 87 | 94 | 86 | 102 |
| Days Payable | 106 | 96 | 91 | 109 | 111 | 105 | 143 | 131 | 104 | 84 | 108 | 119 |
| Cash Conversion Cycle | 87 | 71 | 51 | 38 | 50 | 41 | 60 | 62 | 68 | 84 | 61 | 62 |
| Working Capital Days | 114 | 148 | 50 | 37 | 75 | 43 | 54 | 50 | 54 | 56 | 51 | 42 |
| ROCE % | 9% | 9% | 11% | 12% | 17% | 28% | 26% | 30% | 44% | 51% | 60% | 57% |
Documents
1
Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Secretarial compliance report for FY2026 notes delayed MGT-15 filing and Rs 30,000 fine. 27 May - Secretarial compliance report for FY2026 notes delayed MGT-15 filing and Rs 30,000 fine.
2
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
30 Apr - Postal ballot passed reappointment of Mr. P.R. Shubhakar as Whole-time Director on April 29, 2026. 30 Apr - Postal ballot passed reappointment of Mr. P.R. Shubhakar as Whole-time Director on April 29, 2026.
3
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
30 Apr - Postal ballot passed reappointment of Mr. P.R. Shubhakar as Whole-time Director on April 29, 2026. 30 Apr - Postal ballot passed reappointment of Mr. P.R. Shubhakar as Whole-time Director on April 29, 2026.
4
Closure of Trading Window
30 Mar - Trading window closed from April 1, 2026 until 48 hours after Q4 (Mar 31, 2026) results declaration. 30 Mar - Trading window closed from April 1, 2026 until 48 hours after Q4 (Mar 31, 2026) results declaration.
Frequently Asked Questions about Ingersoll-Rand (India) Ltd
What does Ingersoll-Rand (India) Ltd do?
Ingersoll Rand India Limited is engaged in the business of manufacturing and selling industrial air compressors and offers related services such as installation, commissioning and maintenance [1]
Where is Ingersoll-Rand (India) Ltd (INGERRAND) listed?
Ingersoll-Rand (India) Ltd is listed on the Indian stock exchanges. It is listed on NSE: INGERRAND and BSE: 500210. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ingersoll-Rand (India) Ltd belong to?
Ingersoll-Rand (India) Ltd operates in the Industrial Products sector within the Compressors Pumps & Diesel Engines industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ingersoll-Rand (India) Ltd?
Ingersoll-Rand (India) Ltd has a market capitalisation of approximately ₹14346.71 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Ingersoll-Rand (India) Ltd?
The Price-to-Earnings (PE) ratio of Ingersoll-Rand (India) Ltd is 55.36. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ingersoll-Rand (India) Ltd?
Over the past 52 weeks, Ingersoll-Rand (India) Ltd has traded between a low of ₹3,063.3 and a high of ₹4,768.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Ingersoll-Rand (India) Ltd pay dividends?
Yes, Ingersoll-Rand (India) Ltd has a dividend yield of 1.68%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Ingersoll-Rand (India) Ltd?
Ingersoll-Rand (India) Ltd has a Return on Equity (ROE) of 41.58%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ingersoll-Rand (India) Ltd on Tapetide?
On Tapetide, you can view Ingersoll-Rand (India) Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Ingersoll Rand India Limited is engaged in the business of manufacturing and selling industrial air compressors and offers related services such as installation, commissioning and maintenance [1]