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Ingersoll-Rand (India) Limited
(INGERRAND)
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Rating:72Outperform
Price Target:
₹5,385.00
▲(23.97% 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 revenue increase indicates expanding demand for the company’s industrial air-compression equipment and related solutions. Sustained top-line growth broadens the installed base, supports aftermarket opportunities, and provides a durable platform for future earnings and cash generation.
Negative Factors
Margin Compression
The broad decline in gross, EBIT, and net margins indicates that profitability has weakened from the prior peak. If this pressure persists, slower profit growth could reduce the benefits of revenue expansion and constrain the cash available for investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
The multi-year revenue increase indicates expanding demand for the company’s industrial air-compression equipment and related solutions. Sustained top-line growth broadens the installed base, supports aftermarket opportunities, and provides a durable platform for future earnings and cash generation.
Read all positive factors
Ingersoll-Rand (India) Limited (INGERRAND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹153.14B
Dividend Yield1.55%
Average Volume (3M)3.88K
Price to Earnings (P/E)57.0
Beta (1Y)0.94
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. Volume8,406
30 Day Avg. Volume3,881
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)98.8
Revenue Forecast (FY)₹16.39B
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...
How the Company Makes Money
The company makes money primarily by selling industrial air-compression equipment and by monetizing the installed base through recurring aftermarket support. Key revenue streams include (1) product/equipment revenue from the sale of air compressor...
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 | 3.64B | 2.96B | 2.48B | 1.54B |
| 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
Positive
4343.95
Price Trends
4497.44
Positive
4377.62
Positive
3979.73
Positive
Market Momentum
114.41
Negative
63.32
Neutral
75.60
Neutral
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 4343.95 is below the 20-day moving average (MA) of 4639.31, below the 50-day MA of 4497.44, and above the 200-day MA of 3979.73, indicating a bullish trend. The MACD of 114.41 indicates Negative momentum. The RSI at 63.32 is Neutral, neither overbought nor oversold. The STOCH value of 75.60 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹153.14B | 57.00 | ― | 1.69% | 8.28% | 1.08% | |
72 Outperform | ₹203.42B | 45.31 | ― | 0.42% | 15.94% | 23.70% | |
71 Outperform | ₹147.74B | 39.71 | ― | 0.38% | 5.04% | -10.39% | |
62 Neutral | ₹98.82B | 37.67 | ― | 0.79% | 9.81% | 24.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹141.38B | -1.92 | ― | 0.54% | 4.63% | -4.40% | |
50 Neutral | ₹304.93B | 59.89 | ― | 0.57% | 5.90% | -6.28% |
* General Sector Average
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Ingersoll-Rand (India) Limited Corporate Events
Ingersoll Rand (India) announces board chair transition as Sekhar Natarajan retires
Jul 21, 2026
Ingersoll Rand (India) Limited’s board has announced that Independent Director and Board Chairman Sekhar Natarajan will retire effective end of day July 26, 2026, upon completion of his second consecutive five-year term under Section 149(11)...
Ingersoll-Rand (India) Names New Chairman as Sekhar Natarajan Retires
Jul 21, 2026
Ingersoll-Rand (India) Limited has announced that Independent Director and Chairman Sekhar Natarajan will retire from the board at the end of his second five-year term on July 26, 2026, in line with the 10-year limit under Section 149(11) of the C...
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.