Ingersoll-Rand (India) Limited (INGERRAND) AI Stock Analysis

• Market Cap: ₹126.47B
• Dividend Yield: 2.01%
• Average Volume (3M): 2.93K
• Price to Earnings (P/E): 47.5
• Beta (1Y): 0.88
• Revenue Growth: 9.63%
• EPS Growth: 14.81%
• Country: IN
• Employees: 539
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 18.70
• Shares Outstanding: 31,568,000
• 10 Day Avg. Volume: 7,818
• 30 Day Avg. Volume: 2,931
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹4,239.00
• Price Target Upside: 6.44% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ₹4,239.00 ▲(6.44% Upside)

Ingersoll-Rand (India) Limited's strong financial performance is the primary driver of its stock score, supported by robust cash flow and low debt levels. Technical indicators suggest moderate strength, though the stock may be overbought. The high P/E ratio indicates potential overvaluation, balanced by a reasonable dividend yield.

Ingersoll-Rand (India) Limited Business Overview & Revenue Model

Company Description

Ingersoll-Rand (India) Limited manufactures and sells industrial air compressors in India. The company offers reciprocating air-cooled and water-cooled, contact cooled and oil free rotary screw, centrifugal, and engine driven compressors; heatless desiccant, heat of compression, high pressure air, and hydrogen compressors; and cycling and non cycling refrigerated dryers, and desiccant dryers. Ingersoll-Rand (India) Limited sells its products under the Ingersoll Rand, Nash, Thomas, CompAir, and ARO brand names, as well as other brands. The company serves automotive, metal, pharmaceutical, and textile sectors, as well as other various industrial sectors. It also exports its products to the American, Asian, and European countries. The company was incorporated in 1921 and is based in Bengaluru, India. Ingersoll-Rand (India) Limited is a subsidiary of Ingersoll-Rand Industrial US Inc.

How the Company Makes Money

Ingersoll-Rand (India) Limited generates revenue primarily through the sale of its industrial products and solutions. The company's key revenue streams include the manufacturing and distribution of air compressors, pumps, and industrial tools, which are sold to businesses across multiple industries such as manufacturing, construction, and healthcare. Additionally, the company provides aftermarket services and parts, which contribute to its revenue by ensuring continuous customer engagement and maintenance support. Strategic partnerships and collaborations with other industrial and technology firms also play a significant role in expanding its market reach and driving sales growth.

Ingersoll-Rand (India) Limited Financial Statement Overview

Summary

Ingersoll-Rand (India) Limited exhibits strong financial health with consistent revenue and profit growth, efficient cost management, and a robust balance sheet with low debt. The company's cash flow performance is excellent, indicating effective cash conversion from profits. However, concerns include slowing asset growth and negative cash flows from investing activities due to capital expenditures.

Income Statement

Ingersoll-Rand (India) Limited has demonstrated a strong income statement performance with consistent revenue and profit growth over the years. The company improved its gross profit margin to 34.02% in 2025, indicating efficient cost management. The net profit margin increased to 20.02%, reflecting strong profitability. The EBIT margin also improved to 24.21%. However, there was a decline in the EBITDA margin to 28.36%, suggesting potential increases in non-operating expenses or lower efficiency in depreciation or amortization management.

Balance Sheet

The balance sheet is robust, with a low debt-to-equity ratio of 0.017 in 2025, indicating low financial leverage and reduced risk of financial distress. The equity ratio stands at 65.37%, highlighting a solid capital structure with significant equity financing. The return on equity improved to 43.90%, showcasing strong profitability relative to shareholder equity. However, the company's growth in total assets has slowed, which could be a concern if it limits expansion or operational capacity.

Cash Flow

Cash flow performance is excellent, with a substantial increase in free cash flow over the years, and a free cash flow to net income ratio of 0.85 in 2025, indicating effective cash conversion from profits. The operating cash flow to net income ratio is 1.04, showing strong cash generation relative to profit levels. However, the company's investing activities exhibit negative cash flow, primarily due to capital expenditures, suggesting a focus on growth and expansion.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.29B	13.36B	12.14B	8.97B	11.51B	6.08B
Gross Profit	5.59B	4.55B	5.18B	3.03B	4.64B	2.33B
EBITDA	3.73B	3.79B	3.17B	1.65B	2.65B	1.24B
Net Income	2.64B	2.68B	2.22B	1.10B	1.83B	723.53M
Balance Sheet
Total Assets	0.00	9.32B	8.52B	8.58B	8.59B	6.72B
Cash, Cash Equivalents and Short-Term Investments	2.90B	2.12B	2.20B	2.92B	2.80B	2.29B
Total Debt	0.00	105.40M	60.73M	77.45M	46.20M	95.42M
Total Liabilities	-6.39B	3.22B	2.72B	3.06B	2.81B	2.22B
Stockholders Equity	6.39B	6.09B	5.80B	5.52B	5.78B	4.51B
Cash Flow
Free Cash Flow	0.00	2.28B	1.58B	686.55M	1.33B	698.20M
Operating Cash Flow	0.00	2.77B	2.07B	809.04M	1.48B	765.03M
Investing Cash Flow	0.00	-489.40M	-343.48M	-53.39M	-46.50M	-13.33M
Financing Cash Flow	0.00	-2.39B	-2.25B	-130.47M	-1.62B	-44.51M

Ingersoll-Rand (India) Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3982.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INGERRAND, the sentiment is Positive. The current price of 3982.35 is above the 20-day moving average (MA) of 3899.86, above the 50-day MA of 3850.01, and above the 200-day MA of 3779.42, indicating a bullish trend. The MACD of 50.71 indicates Negative momentum. The RSI at 65.10 is Neutral, neither overbought nor oversold. The STOCH value of 84.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INGERRAND.

Ingersoll-Rand (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INGERRAND	72 Outperform	₹126.47B	47.50	―	2.01%	9.63%	14.81%
ELGIEQUIP	66 Neutral	153.95B	43.16	18.77%	0.45%	8.53%	11.95%
KIRLPNU	66 Neutral	78.30B	37.88	19.26%	0.83%	21.46%	47.96%
CRAFTSMAN	64 Neutral	161.57B	76.40	6.81%	0.07%	38.51%	-33.84%
TARIL	64 Neutral	149.78B	58.22	17.12%	0.04%	52.40%	221.33%
LLOYDSENGG	62 Neutral	87.08B	72.77	15.92%	0.42%	43.43%	19.88%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Ingersoll-Rand (India) Limited Corporate Events

Ingersoll-Rand (India) Limited Set to Commence Operations at New Gujarat Facility

Ingersoll-Rand (India) Limited announced the commencement of trial production at its new manufacturing facility in Sanand, Gujarat, which is expected to be fully operational by October 2025. This development marks a significant milestone in the company’s growth strategy, despite previous delays due to monsoon rains and logistical challenges, and is anticipated to enhance the company’s manufacturing capacity for existing and new products.