Ingersoll-Rand (India) Ltd

NSE: INGERRAND BSE: 500210

Ingersoll Rand India Limited is engaged in the business of manufacturing and selling industrial air compressors and offers related services such as installation, commissioning and maintenance [1]

₹4,364

52W: ₹3063 — ₹4605

PE 49.7 · Book ₹206 · +2018% vs book

Market Cap₹13,775 Cr

Stock P/E49.7Price to Earnings

ROCE60%Return on Capital

ROE45%Return on Equity

Div. Yield1.84%Face Value ₹10

Strengths

+Company is almost debt free.
+Company has delivered good profit growth of 26.3% CAGR over last 5 years
+Company has a good return on equity (ROE) track record: 3 Years ROE 38.7%
+Company has been maintaining a healthy dividend payout of 93.4%

Weaknesses

−Stock is trading at 21.2 times its book value

Shareholding Pattern

Promoters75%

FIIs1.3%

DIIs8.21%

Public15.49%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	75%	75%	75%	75%	75%	75%	75%	75%
FIIs	1.62%	1.53%▼0.1	2.31%▲0.8	1.88%▼0.4	1.45%▼0.4	1.31%▼0.1	1.16%▼0.2	1.3%▲0.1
DIIs	5.54%	6.15%▲0.6	6.67%▲0.5	7.12%▲0.5	8.09%▲1.0	8.19%▲0.1	8.2%▲0.0	8.21%▲0.0
Public	17.83%	17.31%▼0.5	16.02%▼1.3	16.02%	15.46%▼0.6	15.49%▲0.0	15.64%▲0.2	15.49%▼0.2

Financial Statements

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	276	329	299	318	322	382	322	315	322	455
Expenses	211	254	225	235	243	279	239	241	246	341
Operating Profit	66	75	74	83	79	102	83	74	76	114
OPM %	24%	23%	25%	26%	25%	27%	26%	24%	24%	25%
Net Profit	50	55	64	62	60	78	68	59	60	72
EPS ₹	15.75	17.45	20.23	19.6	19.12	24.6	21.43	18.68	19.12	22.77

AI Insights

Revenue Trend

TTM revenue at ₹1,415Cr, up 5.9% YoY. OPM at 25%.

Debt Position

Borrowings at ₹10Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹85Cr (65% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 8.21% (+2.79pp change). FIIs: 1.3% (+0.06pp change). Promoters hold 75%.

Margin & Efficiency

ROCE improving from 11% (Mar 2014) to 60% (Mar 2025). Working capital days: 51.

Valuation

PE 49.7x with 60% ROCE. Price is 2018% above book value of ₹206. Dividend yield: 1.84%.