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Ingersoll-Rand (India) Ltd

INGERRAND
NSE
4,417.70
2.49%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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Ingersoll-Rand (India) Ltd

INGERRAND
NSE
4,417.70
2.49%
30 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
13,946Cr
Close
Close Price
4,417.70
Industry
Industry
Compressors
PE
Price To Earnings
53.87
PS
Price To Sales
9.86
Revenue
Revenue
1,415Cr
Rev Gr TTM
Revenue Growth TTM
7.20%
PAT Gr TTM
PAT Growth TTM
-1.84%
Peer Comparison
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INGERRAND
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Quarterly Results

Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
304305276329299318322382322315322455
Growth YoY
Revenue Growth YoY%
37.311.58.83.1-1.94.316.615.97.9-0.8-0.119.4
Expenses
ExpensesCr
214233211254225235243279239241246341
Operating Profit
Operating ProfitCr
90716675748379102837476114
OPM
OPM%
29.723.423.822.724.626.124.626.825.923.523.625.1
Other Income
Other IncomeCr
46651656812109-15
Interest Expense
Interest ExpenseCr
001010001000
Depreciation
DepreciationCr
445545444444
PBT
PBTCr
9072677484838110690808195
Tax
TaxCr
231917192121212823212123
PAT
PATCr
675450556462607868596072
Growth YoY
PAT Growth YoY%
129.667.340.214.8-4.815.121.441.05.9-4.70.0-7.4
NPM
NPM%
22.117.618.016.721.419.518.720.421.018.718.815.8
EPS
EPS
21.317.015.817.420.219.619.124.621.418.719.122.8

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
6566216206157397066189101,1511,1981,3361,415
Growth
Revenue Growth%
-5.3-0.1-0.920.2-4.5-12.547.326.54.111.55.9
Expenses
ExpensesCr
6115795645446346075077589059239961,067
Operating Profit
Operating ProfitCr
4542567110599111152246275340348
OPM
OPM%
6.86.89.011.514.314.017.916.621.422.925.524.6
Other Income
Other IncomeCr
664871743436131319433815
Interest Expense
Interest ExpenseCr
201003232212
Depreciation
DepreciationCr
121012131118141416181715
PBT
PBTCr
9780114132127114108148246298360346
Tax
TaxCr
332037434729353864769387
PAT
PATCr
63597789818572110183222268259
Growth
PAT Growth%
-6.530.315.0-8.94.5-14.552.265.821.820.3-3.2
NPM
NPM%
9.79.612.414.510.912.011.712.115.918.620.018.3
EPS
EPS
20.918.824.528.225.626.822.934.957.970.584.882.0

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
323232323232323232323232
Reserves
ReservesCr
9269761,0301,097387350419520546549578618
Current Liabilities
Current LiabilitiesCr
171147150158180162207277276260307320
Non Current Liabilities
Non Current LiabilitiesCr
3612191575121614
Total Liabilities
Total LiabilitiesCr
1,1311,1611,2121,289599552672836859852932984
Current Assets
Current AssetsCr
794875908992448405531694722667706728
Non Current Assets
Non Current AssetsCr
337286305297151148142142137185226256
Total Assets
Total AssetsCr
1,1311,1611,2121,289599552672836859852932984

Cash Flow

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
296712177371097781148207265
Investing Cash Flow
Investing Cash FlowCr
-41131419310059-1-5-5-34-38
Financing Cash Flow
Financing Cash FlowCr
-24-23-23-23-791-125-4-13-162-225-240
Net Cash Flow
Net Cash FlowCr
1156239148-655437163-18-53-12
Free Cash Flow
Free Cash FlowCr
-30339468281077069133158216
CFO To PAT
CFO To PAT%
46.2112.6157.286.845.3129.4105.773.581.193.099.1
CFO To EBITDA
CFO To EBITDA%
65.8158.7216.5109.034.8110.869.153.460.375.377.8

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
3,1872,0402,4402,0641,9691,9492,1575,0448,24511,55811,289
Price To Earnings
Price To Earnings
51.153.631.623.224.323.029.845.845.152.042.2
Price To Sales
Price To Sales
4.93.33.93.42.72.83.55.57.29.78.4
Price To Book
Price To Book
3.32.02.31.84.75.14.89.114.319.918.5
EV To EBITDA
EV To EBITDA
62.237.131.518.317.618.217.531.432.541.332.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
32.535.438.642.442.143.540.337.840.342.344.3
OPM
OPM%
6.86.89.011.514.314.017.916.621.422.925.5
NPM
NPM%
9.79.612.414.510.912.011.712.115.918.620.0
ROCE
ROCE%
10.38.010.811.730.630.023.827.042.751.258.4
ROE
ROE%
6.65.97.37.919.322.216.120.031.638.343.9
ROA
ROA%
5.65.16.46.913.515.310.813.221.326.128.7
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Ingersoll-Rand (India) Ltd is a leading industrial technology company specializing in air compression, air treatment, and gas solutions. With a strong focus on energy efficiency, digital innovation, and sustainability, the company serves a wide range of industries including power, semiconductors, pharmaceuticals, healthcare, and manufacturing. As a key part of the global Ingersoll Rand network, it leverages advanced R&D, cutting-edge manufacturing, and customer-centric service models to strengthen its leadership in India and expand internationally. --- ### **Recent Developments & Product Innovation (2023–2025)** #### **Product Launches & Enhancements** - **2023–24:** - Launched **9 new products** by accelerating product development and enhancing cross-functional collaboration. - Introduced **RSB Series (15–22 kW)** in the contact-cooled rotary segment with focus on energy efficiency. - Launched **competitively priced air-cooled reciprocating compressors (5HP)** to meet rising demand. - Upgraded existing models with **built-in Variable Frequency Drives (VFDs)** for improved power savings. - Expanded **oil-free segment**: launched **Orion 90–160 kW**, **NX 5000 extended range**, **NX 12000**, and **E/DX Series (90–160 kW)** for enhanced efficiency and productivity. - **2022–23:** - Launched **12 new products**, including **Centec NX series**, **HOC Dryers**, and **RSB 3.0–5.5 models**, targeting pharmaceuticals, food & beverage, textiles, and healthcare. - Introduced small reciprocating compressors to meet hospital oxygen demand during the pandemic. - **2021–22:** - Launched **Next Generation screw compressors**, **14 new OEM-specific products**, and **RMB series (15–160 kW)** for cost-conscious customers. - Localized **RS 200–355** and **RSB 90–160** models; added **VFDs to 30–75 kW RSB frames**. - Launched **NX 8000**, **TA 1500**, oil-free water-injected models (15–37 kW), and **E/DX Oil-Free Compressors (200–355 kW)**. #### **Energy Efficiency & Technology Adoption** - Adopts **Permanent Magnet Motors (IE5 efficiency)** in select models. - Offers **IoT-enabled platforms** like **Helix**, **iConn**, and **Ecoplant**, reducing energy costs by up to **50%** and supporting predictive maintenance. - **Ecoplant**, launched in 2025, is a cloud-based intelligent monitoring platform using machine learning to optimize air compressor operations. Secured **nine early orders**, indicating strong market acceptance. #### **R&D & Innovation Focus** - Collaborates with global engineering teams to develop new compressors and dryers. - Invests in next-gen technologies: **hydrogen compressors**, **heatless desiccant dryers**, **multi-stage reciprocating compressors**, and **high-pressure air compressors**. - Operates a **world-class R&D lab** with a future-ready infrastructure, including a **NABL-approved, environmentally controlled laboratory** and a **Centre of Excellence for Hydrogen Compression Systems**. --- ### **Manufacturing & Capacity Expansion** #### **Sanand Greenfield Facility, Gujarat** - A **₹170 crore greenfield manufacturing plant** in Sanand is nearing completion as of August 2025. - Main building and utilities fully constructed. - Machine commissioning and trial production expected in **September 2025**, pending approvals. - Plant scheduled to become fully operational by **Q2 FY2025–26**. - Will increase monthly manufacturing capacity by **50%**, from **10,000 to 15,000 units**. - Designed as a **Centre of Excellence** for **Hydrogen Compression Systems** with a dedicated R&D test facility. - Supports **‘Made in India’ initiatives**, localization of air treatment systems, and export to Europe, Middle East, and Africa. #### **Existing Facilities** - Operates from the **Naroda (Gujarat)** and **Sahibabad** facilities. - Installed an **800 kWp solar plant** at Naroda with **1,800 panels**, reducing conventional energy dependence by **~40%**. - Focus on sustainable design, recyclable materials, and energy-efficient manufacturing. --- ### **Strategic Business Priorities** #### **Growth Pillars (as of Aug 2025)** 1. **Drive organic growth** through innovation and market expansion. 2. **Service-led business expansion** leveraging CARE packages. 3. **Faster product launches** via accelerated development cycles. 4. **Increase sales ratio of Air Treatment Attachments**. 5. **Improve manufacturing and supply chain agility**. #### **Market Expansion** - Strengthening **distributor and channel networks**, especially in high-growth regions. - Developing **industry-specific compressors** for power, semiconductors, and hydrogen mobility. - Expanding footprint through **targeted engagement** and **pan-India sales offices (7 locations)**. - Positioned as a **leading provider of Air and Gas Solutions (AGS)** for mission-critical sectors. --- ### **Service & After-Sales Excellence** - **CARE Package** forms the backbone of service revenue, contributing **over 80%** of total service income. - Provides **predictive maintenance**, **remote diagnostics**, and **performance optimization** via IIoT. - **Service revenue** reached **₹58 crores** in the reported year. - Expanded **national service network** and increased service team size for faster response and higher equipment uptime. - Focus on **long-term Multi-Year Service Agreements** and **Extended Warranties** to enhance reliability and customer satisfaction. - Strategic emphasis on **combating spurious parts** to protect brand integrity and product performance. --- ### **Financial & Market Position (FY2024)** - **India contributes ~82% of total revenue** (₹99,594.33 million). - **Single largest customer**: Ingersoll-Rand Industrial US Inc., accounting for **₹16,099.11 million (over 10% of revenue)**. - Exports to **USA, Europe, Ireland, Bangladesh, Nepal, and Sri Lanka**. - International sales declined YoY in some regions but remain strategically important. --- ### **Leadership & Key Personnel** - **Mr. Inder Arora**: Country Leader for India, Sri Lanka, and Bangladesh (since 2012), overseeing commercial operations. - **Sunil** (Operations Leader): Instrumental in setting up the Sanand facility; previously led operational excellence at Sahibabad and Naroda plants. ---