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

Ingersoll-Rand (India) Limited

(NSE:INGERRAND)

Select Model

Rating:73Outperform

Price Target:INR 4,499.00▲(6.40% Upside)

Action:reiterated

Date:09/06/26

The overall score of 73 reflects a company with excellent financial health and positive market momentum, weighed down by a very expensive valuation. The pristine, debt-free balance sheet and strong cash generation are the primary strengths. The stock's bullish technical trend supports the price, but the high P/E ratio of 57.17 is the most significant risk factor, leaving little room for error.

Positive Factors

Very low leverageExceptionally low leverage reduces financial risk and preserves flexibility through industrial cycles. A conservative balance sheet gives the company greater capacity to fund operations, invest in growth, and withstand weaker demand without excessive interest or refinancing pressure.

Negative Factors

Margin compressionBroad-based margin contraction indicates that recent profitability has not been fully protected from cost or operating pressures. If the decline persists, it could reduce earnings growth, weaken the benefit of revenue expansion, and limit the cash available for reinvestment.

Ingersoll-Rand (India) Limited (INGERRAND) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 131.89B
Dividend Yield: 1.86%
Average Volume (3M): 2,499
Price to Earnings (P/E): 47.5
Beta (1Y): 1.10
Revenue Growth: 8.28%
EPS Growth: 1.08%
Country: India
Employees: 540
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

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

Company Description

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-...

Ingersoll-Rand (India) Limited Financial Statement Overview

Summary

Financial performance is strong, driven by an exceptionally robust balance sheet (Score 95) with negligible debt and high ROE. Revenue has doubled over five years, and cash flow generation is healthy. However, recent margin contraction in FY2026 tempers the score slightly.

Income Statement

78Positive

Balance Sheet

95Very Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	14.57B	13.92B	13.36B	11.98B	11.51B	9.10B
Gross Profit	5.23B	4.66B	5.86B	5.03B	4.59B	3.38B
EBITDA	3.66B	3.60B	3.67B	2.99B	2.52B	1.57B
Net Income	2.68B	2.56B	2.68B	2.22B	1.83B	1.10B
Balance Sheet
Total Assets	0	9.99B	9.32B	8.52B	8.59B	8.58B
Cash, Cash Equivalents and Short-Term Investments	1.58B	1.60B	2.12B	2.20B	2.73B	2.92B
Total Debt	0	90.40M	105.40M	60.73M	46.19M	77.45M
Total Liabilities	-6.16B	3.83B	3.22B	2.72B	2.81B	3.06B
Stockholders Equity	6.16B	6.16B	6.09B	5.80B	5.78B	5.52B
Cash Flow
Free Cash Flow	861.80M	2.02B	2.28B	1.58B	1.33B	686.55M
Operating Cash Flow	1.20B	2.80B	2.77B	2.07B	1.48B	809.04M
Investing Cash Flow	-294.20M	-771.80M	-375.17M	-343.48M	-46.50M	-53.39M
Financing Cash Flow	-801.70M	-2.54B	-2.39B	-2.25B	-1.62B	-130.47M

Ingersoll-Rand (India) Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price4228.45

Price Trends

50DMA4312.91Negative

100DMA4357.63Negative

200DMA4087.35Negative

Market Momentum

MACD-102.35Negative

RSI48.13Neutral

STOCH60.08Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INGERRAND, the sentiment is Neutral. The current price of 4228.45 is above the 20-day moving average (MA) of 4009.95, below the 50-day MA of 4312.91, and above the 200-day MA of 4087.35, indicating a neutral trend. The MACD of -102.35 indicates Negative momentum. The RSI at 48.13 is Neutral, neither overbought nor oversold. The STOCH value of 60.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:INGERRAND.

Ingersoll-Rand (India) Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:INGERRAND against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ELGIEQUIP	77Outperform	INR 161.31B	35.85	―	0.53%	15.94%	23.70%
IN:KIRLOSBROS	76Outperform	INR 127.28B	33.82	―	0.44%	10.85%	-4.06%
IN:INGERRAND	73Outperform	INR 127.38B	47.54	―	1.86%	8.28%	1.08%
IN:KIRLPNU	66Neutral	INR 69.94B	26.95	―	1.11%	9.10%	38.69%
IN:KSB	58Neutral	INR 113.26B	1.31	―	0.67%	4.63%	-4.40%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BLUESTARCO	50Neutral	INR 335.77B	62.63	―	0.52%	8.79%	-2.20%

* General Sector Average

Performance Comparison

IN:INGERRAND and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:INGERRAND	Ingersoll-Rand (India) Limited	4228.45	496.02	13.29%
IN:BLUESTARCO	Blue Star Limited	1582.90	-324.74	-17.02%
IN:ELGIEQUIP	ELGI Equipments Limited	525.15	45.49	9.48%
IN:KIRLOSBROS	Kirloskar Brothers Ltd.	1787.50	-66.44	-3.58%
IN:KIRLPNU	Kirloskar Pneumatic Co. Ltd.	559.50	13.19	2.41%
IN:KSB	KSB Ltd.	663.80	-105.45	-13.71%

Ingersoll-Rand (India) Limited Corporate Events

Ingersoll-Rand (India) Seeks Shareholder Nod for New Independent Director via E-Vote

Sep 25, 2026

Ingersoll-Rand (India) Limited has initiated a postal ballot process to seek shareholder approval via ordinary resolution for the appointment of Ajay Shriram Patil as an independent director. The exercise is being conducted entirely through remote e-...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

Ingersoll-Rand (India) Limited AI Stock Analysis