Ingersoll-Rand (India) Limited (IN:INGERRAND)
:INGERRAND
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Ingersoll-Rand (India) Limited
(INGERRAND)
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Rating:73Outperform
Price Target:
₹4,186.00
▲(23.17% Upside)
Action:Upgraded
Date:05/31/26
The score is driven primarily by strong financial performance (very low leverage, high returns, and solid profitability), supported by constructive technical trends. The main drag is valuation, with a high P/E that raises the bar for continued growth, alongside some caution from 2026 margin compression and uneven cash conversion.
Positive Factors
Conservative balance sheet & high ROE
Extremely low leverage and very high ROE materially reduce financial risk and provide flexibility to invest, sustain dividends, or weather cyclical downturns. Over a 2–6 month horizon, this conservatism supports resilience against industry cyclicality and funds strategic aftermarket or capacity actions without external financing.
Negative Factors
2026 margin compression
Recent margin deterioration signals pressure on core profitability that could persist if driven by structural cost, pricing, or mix shifts. Over a 2–6 month horizon, continued margin erosion would weaken cashflow, reduce ability to sustain high ROE, and require either cost action or pricing recovery to restore durable earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet & high ROE
Extremely low leverage and very high ROE materially reduce financial risk and provide flexibility to invest, sustain dividends, or weather cyclical downturns. Over a 2–6 month horizon, this conservatism supports resilience against industry cyclicality and funds strategic aftermarket or capacity actions without external financing.
Read all positive factors
Ingersoll-Rand (India) Limited (INGERRAND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹130.73B
Dividend Yield2.34%
Average Volume (3M)3.01K
Price to Earnings (P/E)51.1
Beta (1Y)0.90
Revenue Growth3.33%
EPS Growth-4.30%
CountryIN
Employees539
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)83.83
Shares Outstanding31,568,000
10 Day Avg. Volume449
30 Day Avg. Volume3,006
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)103.15
Revenue Forecast (FY)₹16.79B
Ingersoll-Rand (India) Limited Business Overview & Revenue Model
Company Description
Ingersoll-Rand (India) Limited, a subsidiary of Ingersoll-Rand Industrial US Inc., was founded in 1921 and is based in Bengaluru, India. The company is a key player in the Indian market, focusing on the manufacturing and sale of industrial air com...
How the Company Makes Money
The company primarily makes money by selling compressed-air equipment—most notably air compressors and allied compressed-air systems—to industrial and commercial customers. Revenue is also generated from aftermarket activities such as installation...
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 | 13.34B | 13.92B | 13.36B | 11.98B | 11.51B | 9.10B |
| Gross Profit | 5.47B | 4.66B | 5.86B | 5.03B | 4.59B | 3.38B |
| EBITDA | 3.73B | 3.60B | 3.64B | 2.96B | 2.48B | 1.54B |
| Net Income | 2.65B | 2.56B | 2.68B | 2.22B | 1.83B | 1.10B |
Balance Sheet | ||||||
| Total Assets | 9.84B | 9.99B | 9.32B | 8.52B | 8.59B | 8.58B |
| Cash, Cash Equivalents and Short-Term Investments | 2.28B | 1.60B | 2.12B | 2.20B | 2.73B | 2.92B |
| Total Debt | 98.10M | 90.40M | 105.40M | 60.73M | 46.20M | 77.45M |
| Total Liabilities | 3.34B | 3.83B | 3.22B | 2.72B | 2.81B | 3.06B |
| Stockholders Equity | 6.50B | 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
3398.60
Price Trends
4129.82
Positive
3861.80
Positive
3790.91
Positive
Market Momentum
-68.76
Positive
51.50
Neutral
62.66
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 3398.6 is below the 20-day moving average (MA) of 4156.85, below the 50-day MA of 4129.82, and below the 200-day MA of 3790.91, indicating a neutral trend. The MACD of -68.76 indicates Positive momentum. The RSI at 51.50 is Neutral, neither overbought nor oversold. The STOCH value of 62.66 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹104.40B | 40.73 | ― | 0.97% | 8.94% | 21.12% | |
73 Outperform | ₹130.73B | 51.11 | ― | 2.34% | 3.33% | -4.30% | |
73 Outperform | ₹191.46B | 44.21 | ― | 0.47% | 12.54% | 23.07% | |
69 Neutral | ₹137.22B | 36.77 | ― | 0.43% | 1.02% | -10.02% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹145.41B | 51.49 | ― | 0.51% | 4.54% | 1.65% | |
52 Neutral | ₹325.45B | 61.67 | ― | 0.51% | 3.63% | -10.72% |
* Industrials Sector Average
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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.