Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹13128 Cr.
Stock P/E
51.3
P/B
19.3
Current Price
₹4158.8
Book Value
₹ 215.5
Face Value
10
52W High
₹4954.3
52W Low
₹ 3070
Dividend Yield
1.8%

Ingersoll-Rand India Overview

Business

Ingersoll-Rand (India) Ltd. is a manufacturer and marketer of industrial products, primarily focusing on compressors and pump technologies in India. Its core business involves designing, manufacturing, selling, and servicing a range of industrial air compressors (like rotary screw, reciprocating, and centrifugal compressors) and related fluid management systems, including pumps. The company serves a diverse customer base across various industries such as manufacturing, automotive, textiles, power, metals, pharmaceuticals, food & beverage, and infrastructure, providing essential equipment for their production processes and operational needs. Revenue is generated through direct sales of equipment, an extensive aftermarket business (spare parts, accessories), and comprehensive service contracts.

Revenue Mix

While specific revenue contribution numbers are not publicly detailed by precise segments for Ingersoll-Rand (India), its primary operations can be categorized around:

Industrial Technologies: This segment focuses on air compressors, air treatment products, fluid management solutions (pumps), and material handling systems. This forms the bulk of its 'Compressors / Pumps' mandate.

Aftermarket Sales & Services: A significant portion of revenue is derived from the sale of genuine spare parts, maintenance contracts, and repair services for its installed base of equipment, ensuring continuous operational efficiency for customers.

Industry

The industrial compressors and pumps industry in India is highly competitive, characterized by both global players and strong domestic manufacturers. It is largely cyclical, being closely tied to industrial capital expenditure (CAPEX), manufacturing growth, and infrastructure development. Ingersoll-Rand (India) holds a strong position as an established player, leveraging the global brand reputation and technological expertise of its parent company, Ingersoll Rand Inc. It typically competes in the mid-to-premium segment, known for its quality, reliability, energy efficiency, and extensive service network, setting it apart from smaller, price-focused competitors.

MOAT

Ingersoll-Rand (India) benefits from several durable advantages:

Brand Reputation & Legacy: As part of the global Ingersoll Rand group, it inherits a strong brand name synonymous with quality, reliability, and innovation in industrial technologies.

Technological Leadership: Access to advanced global R&D and engineering capabilities of its parent company allows it to offer state-of-the-art and energy-efficient products.

Extensive Service Network: A well-established and wide service network across India ensures prompt after-sales support, maintenance, and availability of genuine spare parts, critical for industrial customers.

Product Quality & Reliability: Its products are generally perceived as high-quality, durable, and reliable, leading to lower total cost of ownership for customers over the long term.

Growth Drivers

Industrial CAPEX & Manufacturing Growth: Resurgent private sector capital expenditure and government initiatives like "Make in India" will drive demand for industrial equipment.

Infrastructure Development: Large-scale infrastructure projects across sectors (transport, energy, urban) require compressors and pumps for various applications.

Energy Efficiency & Automation: Increasing focus on reducing operational costs and environmental impact will boost demand for advanced, energy-efficient, and automated compressor and pump solutions.

Aftermarket Demand: A growing installed base of equipment will naturally lead to higher demand for spare parts, maintenance, and service contracts.

Diversification into New Applications: Expanding into emerging industrial sectors or niche applications requiring specialized fluid and air handling solutions.

Risks

Economic Cyclicality: The company's performance is highly sensitive to the overall health of the Indian economy and industrial CAPEX cycles. Downturns can significantly impact sales.

Raw Material Price Volatility: Fluctuations in the prices of key raw materials like steel, copper, and specialized components can impact manufacturing costs and margins.

Intense Competition: The market faces significant competition from both multinational corporations and strong domestic players, leading to pricing pressures.

Technological Obsolescence: Rapid advancements in technology require continuous R&D investment to stay competitive.

Currency Fluctuations: As an importer of some components or technology, adverse movements in foreign exchange rates can impact profitability.

Management & Ownership

Ingersoll-Rand (India) Ltd. is a publicly listed company in India, but it operates as a subsidiary of Ingersoll Rand Inc., a global diversified industrial company. The ownership structure reflects this, with Ingersoll Rand Inc. holding a significant promoter stake. The management team comprises experienced professionals, guided by the strategic direction and operational standards of its global parent, ensuring robust corporate governance and adherence to global best practices in manufacturing and business operations.

Outlook

Ingersoll-Rand (India) is well-positioned to benefit from India's long-term industrialization and infrastructure growth story. Its strong brand, established technology, and extensive service network provide a solid foundation. The company's focus on energy-efficient products aligns with prevailing industry trends. However, its business is inherently cyclical, making it susceptible to economic slowdowns and fluctuations in industrial capital expenditure. Intense competition and raw material price volatility remain ongoing challenges. While leveraging its global parentage offers stability and access to innovation, sustained growth will depend on its ability to adapt to market demands, manage costs effectively, and maintain its competitive edge in a dynamic industrial landscape.

Ingersoll-Rand India Share Price

Live · BSE / NSE · Inception: 1921
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Ingersoll-Rand India Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 299 314 318 382 322 315 322 455 300 379
Other Income 16 9 10 8 12 10 9 12 8 10
Total Income 315 323 328 390 334 325 331 467 308 389
Total Expenditure 225 235 243 279 239 241 246 341 231 289
Operating Profit 89 88 85 110 95 84 85 126 77 100
Interest 1 0 0 0 1 0 0 0 0 0
Depreciation 4 5 4 4 4 4 4 4 4 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 -27 15 0
Profit Before Tax 84 83 81 106 90 80 81 95 88 95
Provision for Tax 21 21 21 28 23 21 21 23 23 25
Profit After Tax 64 62 60 78 68 59 60 72 65 70
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 64 62 60 78 68 59 60 72 65 70
Adjusted Earnings Per Share 20.2 19.6 19.1 24.6 21.4 18.7 19.1 22.8 20.5 22.3

Ingersoll-Rand India Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 621 620 615 739 706 618 910 1151 1198 1336 1392 1456
Other Income 55 71 73 36 39 13 14 19 44 39 38 39
Total Income 676 691 688 775 745 631 924 1170 1242 1376 1431 1495
Total Expenditure 586 564 546 636 610 507 759 905 924 997 1059 1107
Operating Profit 90 127 142 139 135 124 165 265 318 379 372 388
Interest 0 1 -2 0 3 2 3 2 2 1 2 0
Depreciation 10 12 13 11 18 14 14 16 18 17 15 17
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 -12 -12
Profit Before Tax 80 114 132 127 114 108 148 246 298 360 343 359
Provision for Tax 20 37 43 47 29 35 38 64 76 93 87 92
Profit After Tax 59 77 89 81 85 72 110 183 222 268 256 267
Adjustments 2 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 61 77 89 81 85 72 110 183 222 268 256 267
Adjusted Earnings Per Share 18.8 24.5 28.2 25.6 26.8 22.9 34.9 57.9 70.4 84.7 81.1 84.7

Ingersoll-Rand India Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 1008 1062 1128 419 381 451 552 578 580 609 616
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -3 -7 -3 -0 9 13 7 4 6 13 3
Total Current Liabilities 175 150 158 180 162 207 277 276 260 307 371
Total Liabilities 1179 1204 1284 598 552 671 835 858 846 929 990
Fixed Assets 78 126 121 117 117 112 111 110 140 137 218
Other Non-Current Assets 199 170 171 32 30 29 30 25 40 86 80
Total Current Assets 832 908 992 448 405 530 694 722 667 706 692
Total Assets 1179 1204 1284 598 552 671 835 858 846 929 990

Ingersoll-Rand India Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 227 383 622 770 115 158 229 292 273 220 209
Cash Flow from Operating Activities 67 121 77 37 109 77 81 148 207 265 274
Cash Flow from Investing Activities 113 141 93 100 59 -1 -5 -5 -34 -38 -69
Cash Flow from Financing Activities -23 -23 -23 -791 -125 -4 -13 -162 -225 -240 -255
Net Cash Inflow / Outflow 156 239 148 -655 43 71 63 -18 -53 -12 -51
Closing Cash & Cash Equivalent 383 622 770 115 158 229 292 273 220 209 158

Ingersoll-Rand India Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 18.79 24.48 28.16 25.64 26.8 22.92 34.89 57.86 70.45 84.74 81.1
CEPS(Rs) 21.89 28.22 32.15 29.24 32.58 27.44 39.36 63.03 76.07 90.15 85.89
DPS(Rs) 6 6 208 6 28 3 20 50 70 80 75
Book NAV/Share(Rs) 318.95 335.83 356.82 132.34 119.57 141.28 174.51 182.39 183.13 192.06 193.22
Core EBITDA Margin(%) 5.31 8.45 11.06 14 13.6 17.92 16.57 21.34 22.87 25.4 23.94
EBIT Margin(%) 12.03 17.35 20.72 17.31 16.53 17.72 16.58 21.61 25.05 27.07 24.77
Pre Tax Margin(%) 11.96 17.23 21.05 17.24 16.16 17.45 16.3 21.4 24.88 26.97 24.66
PAT Margin (%) 8.91 11.64 14.22 10.95 11.99 11.71 12.1 15.87 18.56 20.02 18.39
Cash Profit Margin (%) 10.38 13.42 16.23 12.49 14.58 14.02 13.65 17.29 20.04 21.3 19.47
ROA(%) 4.45 6.48 7.15 8.6 14.71 11.83 14.62 21.57 26.1 30.14 26.69
ROE(%) 6.04 7.48 8.13 10.48 21.28 17.57 21.99 32.42 38.55 45.17 42.1
ROCE(%) 8.15 11.13 11.83 16.54 29.17 26.32 30.1 44.02 51.82 60.81 56.31
Receivable days 86.26 64.34 60.65 68.57 80.15 95.84 80.53 77.27 77.96 74.36 78.53
Inventory Days 56.91 50.18 48.21 41.54 43.78 51.37 51.29 51.2 51.31 47.54 50.94
Payable days 90.01 79.7 85.28 84.71 95.67 112.7 98.57 92.32 84.32 90.02 110.7
PER(x) 34.39 31.57 23.22 24.33 23.04 29.81 45.79 45.14 51.97 42.2 43.14
Price/Book(x) 2.03 2.3 1.83 4.71 5.16 4.84 9.16 14.32 19.99 18.62 18.11
Dividend Yield(%) 0.93 0.78 31.81 0.96 4.53 0.44 1.25 1.91 1.91 2.24 2.14
EV/Net Sales(x) 2.52 2.85 2.1 2.51 2.54 3.12 5.22 6.93 9.46 8.29 7.82
EV/Core EBITDA(x) 17.39 13.92 9.1 13.29 13.26 15.56 28.79 30.07 35.66 29.25 29.27
Net Sales Growth(%) 1.82 -0.11 -0.91 20.21 -4.53 -12.46 47.3 26.47 4.11 11.53 4.2
EBIT Growth(%) -19.01 43.78 12.49 -1.26 -8.83 -6.15 37.85 64.81 20.67 20.53 -4.65
PAT Growth(%) -6.49 30.28 15.03 -8.95 4.53 -14.48 52.23 65.82 21.76 20.3 -4.3
EPS Growth(%) -6.49 30.28 15.03 -8.95 4.53 -14.48 52.23 65.82 21.76 20.3 -4.3
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 4.76 6.06 6.26 2.5 2.5 2.56 2.51 2.61 2.57 2.3 1.87
Quick Ratio(x) 4.21 5.48 5.77 1.99 2.02 2.1 1.93 2.03 1.89 1.73 1.28
Interest Cover(x) 171.53 146.16 -62.28 261.04 44.86 64.71 59.1 103.33 145.08 265.3 229.41
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +4% +7% +18% +8%
Operating Profit CAGR -2% +12% +25% +15%
PAT CAGR -4% +12% +29% +16%
Share Price CAGR +1% +13% +32% +19%
ROE Average +42% +42% +36% +23%
ROCE Average +56% +56% +49% +31%

Ingersoll-Rand India Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 75 %
FII 1.28 %
DII (MF + Insurance) 8.97 %
Public (retail) 14.75 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 75757575757575757575
FII 1.61.621.532.311.881.451.311.161.31.28
DII 5.365.546.156.677.18.088.188.28.28.97
Public 18.0417.8317.3216.0216.0215.4715.515.6515.514.75
Others 0000000000
Total 100100100100100100100100100100

Ingersoll-Rand India Peer Comparison

Compressors / Pumps Edit Columns

Ingersoll-Rand India Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Ingersoll-Rand India Pros & Cons

Pros

  • Company has delivered good profit growth of 28% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 42%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 90.02 to 110.7days.
  • Stock is trading at 19.3 times its book value.
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