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Ingersoll-Rand (India) Limited
(INGERRAND)
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Rating:72Outperform
Price Target:
₹4,479.00
▲(3.11% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by strong financial quality (low leverage, strong profitability and ROE) and a positive technical uptrend. These are tempered by elevated valuation (high P/E) and recent margin compression plus uneven operating cash-flow conversion, which increase downside risk if growth slows.
Positive Factors
Steady Revenue Growth
The multi-year increase in revenue indicates sustained demand for the company’s industrial equipment and compressed-air solutions. Continued expansion of the revenue base supports operating scale, creates a platform for recurring service activity, and strengthens the company’s ability to compound earnings over time.
Negative Factors
Margin Compression
The broad decline in gross, EBIT, and net margins suggests that recent revenue growth is producing less profit per unit of sales than in the prior year. If this pressure persists, it could limit earnings growth, reduce reinvestment capacity, and weaken the durability of returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
The multi-year increase in revenue indicates sustained demand for the company’s industrial equipment and compressed-air solutions. Continued expansion of the revenue base supports operating scale, creates a platform for recurring service activity, and strengthens the company’s ability to compound earnings over time.
Read all positive factors
Ingersoll-Rand (India) Limited (INGERRAND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹127.38B
Dividend Yield1.86%
Average Volume (3M)905.00
Price to Earnings (P/E)47.5
Beta (1Y)1.10
Revenue Growth8.28%
EPS Growth1.08%
CountryIN
Employees540
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)84.74
Shares Outstanding31,568,000
10 Day Avg. Volume632
30 Day Avg. Volume905
Financial Highlights & Ratios
PEG Ratio-10.01
Price to Book (P/B)17.89
Price to Sales (P/S)7.91
P/FCF Ratio54.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)100.05
Revenue Forecast (FY)₹16.53B
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 a...
Ingersoll-Rand (India) Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
73
Positive
| 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 | 0.00 | 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 | 0.00 | 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
Neutral
4343.95
Price Trends
4312.91
Negative
4357.63
Negative
4087.35
Negative
Market Momentum
-102.35
Negative
48.13
Neutral
60.08
Neutral
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 4343.95 is above the 20-day moving average (MA) of 4009.95, above 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹127.38B | 47.54 | ― | 1.86% | 8.28% | 1.08% | |
72 Outperform | ₹161.31B | 35.85 | ― | 0.53% | 15.94% | 23.70% | |
71 Outperform | ₹127.28B | 33.82 | ― | 0.44% | 10.85% | -4.06% | |
66 Neutral | ₹69.94B | 26.95 | ― | 1.11% | 9.10% | 38.69% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹113.26B | 1.31 | ― | 0.67% | 4.63% | -4.40% | |
50 Neutral | ₹335.77B | 62.64 | ― | 0.52% | 8.79% | -2.20% |
* General Sector Average
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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...
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.