COMPOSITE RISK SCORE
56
MODERATE
VAL:5/25 · FIN:21/25 · GRO:12/25 · TECH:18/25
📖 P/B RATIO
20.6x
Price to Book
🏛 MARKET CAP
₹13,395Cr
Mid Cap
📊 ROE
43.9%
Return on Equity
Overview
Technical
Financials
Analysis
Verdict
🏢 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.
P/E at 52x
P/B at 20.6x
Analyst target: ₹4589 (+8.2%)
1Y return: +14.9%
ROE: 43.9%
Profit margin: 18.3%
Revenue growth: 18.2%
Debt/Equity: 2%
Revenue growth: 18.2%
Earnings growth: -7.4%
Beta: 0.08
Sector: Industrials
RSI, MACD, MA crossovers
200 DMA & 50 EMA position
Volume trend analysis
Price momentum signals
📈 Price Movement
1D 1W 1M
6M 1Y 3Y 5Y
🕯 Candlestick Chart
1D 1W 1M
6M 1Y 3Y 5Y
🎯 Price Prediction · Analyst Target Cone
💎 Valuation & Financial Metrics
P/E RATIO
51.8x
Trailing twelve months
P/B RATIO
20.6x
Price to Book value
PROFIT MARGIN
18.3%
Net profit margin
OPM
24.3%
Operating profit margin
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
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
Quarter Revenue QoQ % Net Profit QoQ % Op. Cash Flow EBITDA 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
FY Revenue YoY % Net Profit YoY % Op. Cash Flow YoY %
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
Quarterly
Annual
🎯 EPS: Estimate vs Actual
Estimates
Quarterly
Annual
💰 How Ingersoll-Rand (India) Limited Makes Its Money
Quarterly
Annual
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
Revenue
₹322 Cr
Cost of Revenue
₹178 Cr
Gross Profit
₹144 Cr
Op. Expenses
₹72 Cr
Operating Inc.
₹72 Cr
Tax
₹20 Cr
Other
₹9 Cr
Net Income
₹60 Cr
(18.7% margin)
Sep 2025 · All values in ₹ Crores
Revenue
₹315 Cr
Cost of Revenue
₹177 Cr
Gross Profit
₹138 Cr
Op. Expenses
₹67 Cr
Operating Inc.
₹70 Cr
Tax
₹21 Cr
Other
₹10 Cr
Net Income
₹59 Cr
(18.7% margin)
Jun 2025 · All values in ₹ Crores
Revenue
₹293 Cr
Cost of Revenue
₹220 Cr
Gross Profit
₹72 Cr
Op. Expenses
₹16 Cr
Operating Inc.
₹57 Cr
Tax
₹23 Cr
Other
₹17 Cr
Net Income
₹68 Cr
(23.1% margin)
Mar 2025 · All values in ₹ Crores
Revenue
₹1.3K Cr
Cost of Revenue
₹788 Cr
Gross Profit
₹530 Cr
R&D
₹1 Cr
SG&A
₹23 Cr
Operating Inc.
₹312 Cr
Tax
₹93 Cr
Other
₹32 Cr
Net Income
₹268 Cr
(20.3% margin)
Mar 2025 · All values in ₹ Crores
Revenue
₹1.2K Cr
Cost of Revenue
₹729 Cr
Gross Profit
₹451 Cr
R&D
₹1.0 Cr
SG&A
₹20 Cr
Operating Inc.
₹245 Cr
Tax
₹76 Cr
Other
₹29 Cr
Net Income
₹222 Cr
(18.9% margin)
Mar 2024 · All values in ₹ Crores
Revenue
₹1.1K Cr
Cost of Revenue
₹720 Cr
Gross Profit
₹411 Cr
R&D
₹1 Cr
SG&A
₹21 Cr
Operating Inc.
₹218 Cr
Tax
₹64 Cr
Other
₹8 Cr
Net Income
₹183 Cr
(16.2% margin)
Mar 2023 · All values in ₹ Crores
Revenue
₹897 Cr
Cost of Revenue
₹593 Cr
Gross Profit
₹303 Cr
R&D
₹0.5 Cr
SG&A
₹19 Cr
Operating Inc.
₹128 Cr
Tax
₹38 Cr
Other
₹8 Cr
Net Income
₹110 Cr
(12.3% margin)
Mar 2022 · All values in ₹ Crores
Dec 2025
Sep 2025
Jun 2025
Mar 2025
🏦 Snapshot of Ingersoll-Rand (India) Limited's Balance Sheet
Quarterly
Annual
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
Total Assets
₹932 Cr
Cash & Equiv.: ₹209 Cr (22.4%)
Receivables: ₹300 Cr (32.2%)
Inventory: ₹173 Cr (18.6%)
Other Current: ₹24 Cr (2.5%)
PP&E: ₹197 Cr (21.1%)
Other Non-Curr.: ₹29 Cr (3.2%)
Liab. + Equity
₹932 Cr
Current Liab.: ₹307 Cr (32.9%)
Long-Term Debt: ₹9 Cr (1.0%)
Equity: ₹609 Cr (65.4%)
As of Mar 2025 · All values in ₹ Crores
Total Assets
₹901 Cr
Cash & Equiv.: ₹288 Cr (32.0%)
Receivables: ₹239 Cr (26.6%)
Inventory: ₹167 Cr (18.5%)
Other Current: ₹19 Cr (2.1%)
PP&E: ₹147 Cr (16.3%)
Other Non-Curr.: ₹41 Cr (4.6%)
Liab. + Equity
₹901 Cr
Current Liab.: ₹253 Cr (28.1%)
Long-Term Debt: ₹3 Cr (0.4%)
Equity: ₹639 Cr (70.9%)
As of Sep 2024 · All values in ₹ Crores
Total Assets
₹932 Cr
Cash & Equiv.: ₹209 Cr (22.4%)
Receivables: ₹300 Cr (32.2%)
Inventory: ₹173 Cr (18.6%)
Other Current: ₹24 Cr (2.5%)
PP&E: ₹197 Cr (21.1%)
Other Non-Curr.: ₹29 Cr (3.2%)
Liab. + Equity
₹932 Cr
Current Liab.: ₹307 Cr (32.9%)
Long-Term Debt: ₹9 Cr (1.0%)
Equity: ₹609 Cr (65.4%)
As of Mar 2025 · All values in ₹ Crores
Total Assets
₹852 Cr
Cash & Equiv.: ₹220 Cr (25.9%)
Receivables: ₹243 Cr (28.5%)
Inventory: ₹175 Cr (20.5%)
Other Current: ₹29 Cr (3.4%)
PP&E: ₹154 Cr (18.0%)
Other Non-Curr.: ₹32 Cr (3.7%)
Liab. + Equity
₹852 Cr
Current Liab.: ₹260 Cr (30.5%)
Long-Term Debt: ₹4 Cr (0.5%)
Equity: ₹580 Cr (68.1%)
As of Mar 2024 · All values in ₹ Crores
Total Assets
₹859 Cr
Cash & Equiv.: ₹273 Cr (31.8%)
Receivables: ₹267 Cr (31.1%)
Inventory: ₹162 Cr (18.9%)
Other Current: ₹20 Cr (2.3%)
PP&E: ₹114 Cr (13.3%)
Other Non-Curr.: ₹23 Cr (2.6%)
Liab. + Equity
₹859 Cr
Current Liab.: ₹276 Cr (32.1%)
Long-Term Debt: ₹1 Cr (0.1%)
Equity: ₹578 Cr (67.3%)
As of Mar 2023 · All values in ₹ Crores
Total Assets
₹836 Cr
Cash & Equiv.: ₹292 Cr (34.9%)
Receivables: ₹218 Cr (26.1%)
Inventory: ₹161 Cr (19.2%)
Other Current: ₹24 Cr (2.9%)
PP&E: ₹117 Cr (14.0%)
Other Non-Curr.: ₹25 Cr (2.9%)
Liab. + Equity
₹836 Cr
Current Liab.: ₹277 Cr (33.1%)
Long-Term Debt: ₹5 Cr (0.6%)
Equity: ₹552 Cr (66.0%)
As of Mar 2022 · All values in ₹ Crores
Sep 2025
Mar 2025
Sep 2024
💸 Looking into Ingersoll-Rand (India) Limited's Cash Flow
Annual
Operating CF
₹265 Cr
Capital Exp.
₹49 Cr
Free Cash Flow
₹216 Cr
Dividends
₹237 Cr
FY2025 · All values in ₹ Crores
Operating CF
₹207 Cr
Capital Exp.
₹49 Cr
Free Cash Flow
₹158 Cr
Dividends
₹221 Cr
FY2024 · All values in ₹ Crores
Operating CF
₹148 Cr
Capital Exp.
₹15 Cr
Free Cash Flow
₹133 Cr
Dividends
₹158 Cr
FY2023 · All values in ₹ Crores
Operating CF
₹81 Cr
Capital Exp.
₹12 Cr
Free Cash Flow
₹69 Cr
Dividends
₹9 Cr
Retained / Other
₹59 Cr
FY2022 · All values in ₹ Crores
FY2025
FY2024
FY2023
FY2022
📅 Quarterly Results
Sales +
Expenses +
Operating Profit
OPM %
Other Income +
Interest
Depreciation
Profit before tax
Tax %
Net Profit +
EPS in Rs
Raw PDF
📊 Profit & Loss Statement
Sales +
Expenses +
Operating Profit
OPM %
Other Income +
Interest
Depreciation
Profit before tax
Tax %
Net Profit +
EPS in Rs
Dividend Payout %
🏦 Balance Sheet
Equity Capital
Reserves
Borrowings +
Other Liabilities +
Total Liabilities
Fixed Assets +
CWIP
Investments
Other Assets +
Total Assets
💰 Cash Flow Statement
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
# Company CMP P/E Mkt Cap ROCE Qtr Profit Score
1 Oswal Pumps ★ ₹415 13.6 ₹4,735 77.9% +15.7% 67 2 Swaraj Engines ₹3,994 24.4 ₹4,853 58.7% +20.1% 52 3 Shakti Pumps ₹568 21.2 ₹7,003 55.3% -69.5% 49 4 Ingersoll-Rand ₹4,243 48.4 ₹13,394 60.0% +15.8% 39 5 Cummins India ₹5,264 62.6 ₹145,904 36.3% +4.4% 38 6 Kirl.Pneumatic ₹1,526 36.8 ₹9,909 30.4% +68.6% 36 7 Kirl. Brothers ₹1,735 33.3 ₹13,777 27.6% +14.5% 35 8 Latteys Industri ₹21 44.6 ₹121 12.9% +312.5% 34 9 Roto Pumps ₹60 35.3 ₹1,127 19.0% +71.2% 31
★ Oswal Pumps ranks higher on combined P/E, ROCE, and growth metrics in Compressors, Pumps & Diesel Engines
🏛 Shareholding Pattern
Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoters 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% FIIs 2.31% 1.88% 1.45% 1.31% 1.16% 1.30% DIIs 6.67% 7.12% 8.09% 8.19% 8.20% 8.21% Public 16.02% 16.02% 15.46% 15.49% 15.64% 15.49% No. of Shareholders 36,648 34,784 35,326 35,447 35,478 37,773
🟢 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
Action If Stock Rises If Stock Falls
BUY Capture 8.2% analyst upside OPM of 24% provides margin buffer; P/E 52x vs sector median 35x is a risk
HOLD Retain existing position; wait for better entry; FII stake rising (+0.14%) Miss further upside if momentum continues; 1M return of +21.6% shows momentum
SELL Lock in +14.9% 1Y return; redeploy into Oswal Pumps at lower P/E Avoid 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
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