NSE:INGERRANDNSEIndustrials
Ingersoll-Rand (India) Limited
📊 Specialty Industrial Machinery
Day ₹4,195
₹4,292 Neutral
52W ₹3,063
₹4,478 Overbought
₹4,243.10
▼ ₹1.30 (-0.03%)
Vol: 130,266 · Avg: 17,698
As of April 29, 2026 · 06:40 IST
COMPOSITE RISK SCORE
56 MODERATE
VAL:5/25 · FIN:21/25 · GRO:12/25 · TECH:18/25
📈 P/E RATIO
51.8x
Trailing
📖 P/B RATIO
20.6x
Price to Book
💰 EPS
₹81.92
TTM
🏛 MARKET CAP
₹13,395Cr
Mid Cap
📊 ROE
43.9%
Return on Equity
📈 REV GROWTH
18.2%
YoY
🏢 Company Analysis · Ingersoll-Rand (India) Limited
💼 BUSINESS MODEL
  • Ingersoll-Rand (India) Limited manufactures and sells industrial air compressors and related services in India..
  • The company offers heatless desiccant dryer; heat of compression dryers; high pressure air compressors; small and large reciprocating air-cooled and water-cooled; contact cooled rotary screw and oil free rotary screw; engine driven and centrifugal compressors; and cycling and non-cycling refrigerated dryers..
  • It sells its products under the Nash, CompAir, Ingersoll Rand, Gardner Denver, ARO, Thomas, MILTON ROY, EMCO WHEATON, Elmo Rietschle, ROBUSCHI, Runtech Systems, EVEREST, and ILC DOVER brands..
  • The company serves aerospace; chemical; plastics and rubber; consumer, electronics and semiconductor; engineered solution; hydrogen; environmental; food and beverages; general manufacturing; government and military; industrial gases; marine; mining and construction; oil and gas; PET bottle blowing; pharma, life sciences, and laboratories; power generation; professional; pulp, paper, and printing; transportation and logistics; water and waste water treatment; and engineering project solutions industries..
  • Operates in Specialty Industrial Machinery within the Industrials sector.
  • Workforce of 537 employees.
🏰 MOAT & COMPETITION
  • Mid-cap (₹13,395 Cr) — growing company in a competitive landscape.
  • Profit margin of 18.3% — moderate pricing power.
  • Key competitors: Oswal Pumps, Swaraj Engines, Shakti Pumps, Ingersoll-Rand.
🚀 CATALYSTS
  • Revenue growing at 18% — strong top-line momentum.
⚖️ ASYMMETRY CHECK
  • Analyst target range: ₹4,589 — ₹4,589 (mean ₹4,589, 1 analysts).
  • Unfavorable asymmetry — limited upside +8% vs downside +8% (1.0x).
  • P/E of 51.8x — premium valuation, growth must sustain to avoid de-rating risk.
🔭 FUTURE OUTLOOK
  • Analyst consensus: None (1 analysts).
  • Latest quarter earnings change: -7% YoY — relatively flat.
✅ PROS
  • None identified
❌ CONS
  • None identified
VALUATION
5/25
25% WEIGHT
  • P/E at 52x
  • P/B at 20.6x
  • Analyst target: ₹4589 (+8.2%)
  • 1Y return: +14.9%
FINANCIAL HEALTH
21/25
25% WEIGHT
  • ROE: 43.9%
  • Profit margin: 18.3%
  • Revenue growth: 18.2%
  • Debt/Equity: 2%
GROWTH
12/25
25% WEIGHT
  • Revenue growth: 18.2%
  • Earnings growth: -7.4%
  • Beta: 0.08
  • Sector: Industrials
TECHNICAL
18/25
25% WEIGHT
  • RSI, MACD, MA crossovers
  • 200 DMA & 50 EMA position
  • Volume trend analysis
  • Price momentum signals
📈 Price Movement
🕯 Candlestick Chart
🎯 Price Prediction · Analyst Target Cone Source: Yahoo Finance Analyst Targets ↗
💎 Valuation & Financial Metrics
P/E RATIO
51.8x
Trailing twelve months
P/B RATIO
20.6x
Price to Book value
ROE
43.9%
Return on Equity
PROFIT MARGIN
18.3%
Net profit margin
OPM
24.3%
Operating profit margin
ANALYST TARGET
₹4,589
Range: ₹4,589 - ₹4,589
Yahoo Finance ↗
PEG RATIO
N/A
Price/Earnings to Growth
EV/EBITDA
35.3x
Enterprise value ratio
CURRENT RATIO
N/A
Liquidity measure
DIVIDEND YIELD
1.88%
Annual yield
ROA
N/A
Return on Assets
GROSS MARGIN
42.9%
Gross profit margin
INDUSTRY AVERAGES — COMPRESSORS, PUMPS & DIESEL ENGINES
P/E 35.3x (above avg)
P/B 5.0x (sector fair)
ROCE 36.3%
ROE 20% (sector good)
OPM 20% (sector good)
Div Yield 0.97%
D/E <30 (sector comfort)
📋 Quarterly Performance Trend
QuarterRevenueQoQ %Net ProfitQoQ %Op. Cash FlowEBITDA Margin
Q2 FY25 N/A N/A N/A N/A
Q3 FY25 ₹382 Cr ₹78 Cr N/A 28.9%
Q4 FY25 ₹293 Cr-23.2% ₹68 Cr-12.9% N/A 32.4%
Q1 FY26 ₹315 Cr+7.7% ₹59 Cr-12.8% N/A 26.6%
Q2 FY26 ₹322 Cr+2.1% ₹60 Cr+2.3% N/A 26.3%
Q3 FY26 ₹455 Cr+41.5% ₹72 Cr+19.1% N/A 21.8%
📊 Year-on-Year Trend
FYRevenueYoY %Net ProfitYoY %Op. Cash FlowYoY %
FY22 ₹897 Cr ₹110 Cr ₹81 Cr
FY23 ₹1,131 Cr+26.1% ₹183 Cr+65.8% ₹148 Cr+83.0%
FY24 ₹1,180 Cr+4.3% ₹222 Cr+21.8% ₹207 Cr+39.7%
FY25 ₹1,318 Cr+11.7% ₹268 Cr+20.3% ₹265 Cr+28.1%
📈 Revenue vs Earnings
🎯 EPS: Estimate vs Actual
💰 How Ingersoll-Rand (India) Limited Makes Its Money
Revenue ₹455 Cr Cost of Revenue ₹270 Cr Gross Profit ₹185 Cr Op. Expenses ₹75 Cr Operating Inc. ₹111 Cr Tax ₹23 Cr Other ₹12 Cr Net Income ₹72 Cr (15.8% margin) Dec 2025 · All values in ₹ Crores
🏦 Snapshot of Ingersoll-Rand (India) Limited's Balance Sheet
Total Assets ₹984 Cr Cash & Equiv.: ₹220 Cr (22.3%) Receivables: ₹302 Cr (30.7%) Inventory: ₹189 Cr (19.2%) Other Current: ₹17 Cr (1.7%) PP&E: ₹216 Cr (22.0%) Other Non-Curr.: ₹40 Cr (4.1%) Liab. + Equity ₹984 Cr Current Liab.: ₹320 Cr (32.6%) Long-Term Debt: ₹8 Cr (0.8%) Equity: ₹650 Cr (66.0%) As of Sep 2025 · All values in ₹ Crores
💸 Looking into Ingersoll-Rand (India) Limited's Cash Flow
Operating CF ₹265 Cr Capital Exp. ₹49 Cr Free Cash Flow ₹216 Cr Dividends ₹237 Cr FY2025 · All values in ₹ Crores
📅 Quarterly Results Source: Screener ↗
Sales +
Expenses +
Operating Profit
OPM %
Other Income +
Interest
Depreciation
Profit before tax
Tax %
Net Profit +
EPS in Rs
Raw PDF
📊 Profit & Loss Statement Source: Screener ↗
Sales +
Expenses +
Operating Profit
OPM %
Other Income +
Interest
Depreciation
Profit before tax
Tax %
Net Profit +
EPS in Rs
Dividend Payout %
🏦 Balance Sheet Source: Screener ↗
Equity Capital
Reserves
Borrowings +
Other Liabilities +
Total Liabilities
Fixed Assets +
CWIP
Investments
Other Assets +
Total Assets
💰 Cash Flow Statement Source: Screener ↗
Cash from Operating Activity +
Cash from Investing Activity +
Cash from Financing Activity +
Net Cash Flow
Free Cash Flow
CFO/OP
📈 Key Financial Ratios
Debtor Days
Inventory Days
Days Payable
Cash Conversion Cycle
Working Capital Days
ROCE %
🏭 Industry Peers — Compressors, Pumps & Diesel Engines
#CompanyCMPP/EMkt CapROCEQtr ProfitScore
1Oswal Pumps ₹41513.6₹4,73577.9%+15.7%67
2Swaraj Engines₹3,99424.4₹4,85358.7%+20.1%52
3Shakti Pumps₹56821.2₹7,00355.3%-69.5%49
4Ingersoll-Rand₹4,24348.4₹13,39460.0%+15.8%39
5Cummins India₹5,26462.6₹145,90436.3%+4.4%38
6Kirl.Pneumatic₹1,52636.8₹9,90930.4%+68.6%36
7Kirl. Brothers₹1,73533.3₹13,77727.6%+14.5%35
8Latteys Industri₹2144.6₹12112.9%+312.5%34
9Roto Pumps₹6035.3₹1,12719.0%+71.2%31
★ Oswal Pumps ranks higher on combined P/E, ROCE, and growth metrics in Compressors, Pumps & Diesel Engines
🏛 Shareholding Pattern
Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%
FIIs2.31%1.88%1.45%1.31%1.16%1.30%
DIIs6.67%7.12%8.09%8.19%8.20%8.21%
Public16.02%16.02%15.46%15.49%15.64%15.49%
No. of Shareholders36,64834,78435,32635,44735,47837,773
🟢 CATALYSTS
🏆Revenue Growth 18%: Above sector norm of 18% — strong top-line momentum.
💹High ROE (43.9%): Above sector norm of 20% — efficient capital use.
🔀Low Beta (0.08): Less volatile than market — defensive play.
🔴 RISKS
📜Elevated P/E (51.8x): Above sector expensive threshold of 50x.
💰High P/B (20.6x): Well above sector expensive threshold of 10x.
🔓Market Risk: Broader market correction or sentiment shift could impact stock.
🕸 Factor Analysis · Radar
Momentum 7/10: 1M +21.6%, 6M +10.6%, RSI 73, MACD bullish, Above 200DMA Sentiment 6/10: Analyst upside +8.2%, Rec: none Value 2/10: P/E 51.8, P/B 20.6, EV/EBITDA 35.3 Quality 6/10: Margin 18.3%, D/E 2 Low Volatility 9/10: Beta 0.08, Ann. vol 25% Momentum 7 Sentiment 6 Value 2 Quality 6 Low Vol 9
Momentum 7/10
1M +21.6%, 6M +10.6%, RSI 73, MACD bullish, Above 200DMA
Sentiment 6/10
Analyst upside +8.2%, Rec: none
Value 2/10
P/E 51.8, P/B 20.6, EV/EBITDA 35.3
Quality 6/10
Margin 18.3%, D/E 2
Low Volatility 9/10
Beta 0.08, Ann. vol 25%
🎯 Decision Matrix
ActionIf Stock RisesIf Stock Falls
BUYCapture 8.2% analyst upsideOPM of 24% provides margin buffer; P/E 52x vs sector median 35x is a risk
HOLDRetain existing position; wait for better entry; FII stake rising (+0.14%)Miss further upside if momentum continues; 1M return of +21.6% shows momentum
SELLLock in +14.9% 1Y return; redeploy into Oswal Pumps at lower P/EAvoid further drawdown; P/E compression risk at 52x
REASONS TO BUY
  • Analyst upside of 8.2% with mean target of ₹4,589
  • FII stake rising (+0.14%) — signals institutional confidence
  • ROE of 43.9% above sector norm of 20%
  • Revenue growing at 18.2% YoY (sector norm: 6%)
REASONS TO SELL / AVOID
  • P/E of 51.8x is 1.5x the sector median of 35x
  • Oswal Pumps offers lower P/E (13.6) with ROCE of 77.9% in the same sector
📰 Latest News
No recent news available for this stock
RECOMMENDATION
HOLD
COMPOSITE SCORE
56/100
Ingersoll-Rand (India) Limited trades at ₹4,243.10 with a composite risk score of 56/100. The stock scores 5/25 on valuation, 21/25 on financial health, 12/25 on growth, and 18/25 on technicals. The company is currently profitable with strong return on equity.

Analyst consensus suggests upside of 8.2% with a mean target of ₹4589. Revenue growth is at 18.2% — a strong positive signal.

Within Compressors, Pumps & Diesel Engines, Oswal Pumps (P/E 13.6, ROCE 77.9%) ranks higher on techno-fundamental metrics and may be worth considering.

Bottom Line: Neutral for Industrials — wait for better entry or catalyst. The current recommendation is HOLD.
PROFITABLE HIGH ROE EXPENSIVE