Ingersoll Rand (India) share price & results
- Jun 2026
- Sept 2026
Bengaluru-based manufacturer of air compressors and related parts, majority-owned by US-based Ingersoll Rand Inc.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 379 | +20.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 24.0 | 0.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 70.0 | +18.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 44.70 | −1.9 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 14.08 | −2.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 8.58 | −7.3 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −0.5% 1Y
1Y: ₹3,962.2 on 24 Oct 2025 → ₹3,942.1. High ₹4,883.5 (2 Sept 2026), low ₹3,124.3 (21 Jan 2026).
- Previous close
- ₹3,753.7
- Market cap
- ₹11.8k Cr
- 52-week range
- ₹3,124.3 – ₹4,883.5
- One year
- −0.10%
- Price to earnings (TTM to Jun 2026)
- 43.25×
- Return on equity (TTM to Jun 2026)
- 44.70%
Overview
- Symbol
- NSE:INGERRAND
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Ingersoll Rand (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
Ingersoll-Rand (India) Limited manufactures and sells air compressors, spare parts and components, serving Indian industrial customers as well as exporting finished goods to its US holding company. Manufacturing is based at its Naroda (Ahmedabad) factory, with a new greenfield plant being set up at Sanand, Gujarat to add a second production base. The company is 74%-owned by Ingersoll-Rand Industrial US Inc., its ultimate holding company being Ingersoll Rand Inc., USA, and it also renders and avails IT, engineering and support services from the group.
- Installed compressor manufacturing capacity
- 10,000 units/month (Naroda)
- Manufacturing plants
- 2 (Naroda, Ahmedabad; new greenfield plant under setup at Sanand, Gujarat)
- Regional/branch offices
- Ahmedabad, Bengaluru, Chennai, Kolkata, Mumbai, New Delhi, Pune, Secunderabad
- Share of exports to holding company
- ~57% of FY25 exports to Ingersoll-Rand Industrial US Inc.
- Promoter shareholding
- 74% held by Ingersoll-Rand Industrial US Inc.
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +19% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 322 | 382 | 322 | 315 | 322 | 455 | 300 | 379 |
| Expenses | 243 | 279 | 239 | 241 | 246 | 341 | 231 | 289 |
| Operating profit | 79 | 102 | 83 | 74 | 76 | 114 | 69 | 90 |
| Operating margin | 25.0% | 27.0% | 26.0% | 24.0% | 24.0% | 25.0% | 23.0% | 24.0% |
| Other income | 6 | 8 | 12 | 10 | 9 | -15 | 23 | 10 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
| Profit before tax | 81 | 106 | 90 | 80 | 81 | 95 | 88 | 95 |
| Tax rate | 25.0% | 27.0% | 25.0% | 26.0% | 25.0% | 24.0% | 26.0% | 26.0% |
| Net profit | 60 | 78 | 68 | 59 | 60 | 72 | 65 | 70 |
| EPS (₹ per share) | 19.12 | 24.60 | 21.43 | 18.68 | 19.12 | 22.77 | 20.53 | 22.32 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,150 | 1,209 | 1,344 | 1,392 |
| Expenses | 905 | 923 | 996 | 1,059 |
| Operating profit | 245 | 286 | 347 | 333 |
| Other income | 20 | 32 | 31 | 27 |
| Interest | 3 | 2 | 1 | 0 |
| Depreciation | 16 | 18 | 17 | 16 |
| Profit before tax | 246 | 297 | 360 | 344 |
| Net profit | 182 | 223 | 268 | 256 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 520 | 546 | 549 | 578 | 618 | 584 |
| Borrowings | 8 | 5 | 6 | 11 | 10 | 9 |
| Other liabilities | 276 | 276 | 266 | 312 | 324 | 374 |
| Total liabilities | 836 | 859 | 852 | 932 | 984 | 999 |
| Fixed assets | 111 | 110 | 140 | 137 | 131 | 218 |
| Capital work in progress | 6 | 4 | 6 | 50 | 85 | 30 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 719 | 745 | 706 | 745 | 768 | 751 |
| Total assets | 836 | 859 | 852 | 932 | 984 | 999 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 76 | 81 | 148 | 207 | 265 | 274 |
| Cash from investing | -1 | -5 | -5 | -34 | -37 | -70 |
| Cash from financing | -4 | -13 | -162 | -225 | -240 | -255 |
| Net cash flow | 71 | 63 | -19 | -53 | -11 | -51 |
| Free cash flow | 70 | 69 | 133 | 158 | 216 | 196 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 108 | 88 | 85 | 74 | 82 | 78 |
| Inventory days | 95 | 105 | 87 | 94 | 86 | 102 |
| Days payable | 143 | 131 | 104 | 84 | 108 | 119 |
| Cash conversion cycle | 60 | 62 | 68 | 84 | 61 | 62 |
| Working capital days | 54 | 50 | 54 | 56 | 51 | 42 |
| Return on capital employed | 26.0% | 30.0% | 44.0% | 51.0% | 60.0% | 57.0% |
| Dividend payout | 13.0% | 57.0% | 86.0% | 99.0% | 94.0% | 25.0% |
What the price assumes
Growth trapTo justify its price of ₹3942, this stock must grow earnings at 31% every year for 7 years. Our analysis caps realistic growth at ~9%. At that growth it is worth ₹1332 — downside of 66%.
- Growth the price implies
- 30.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 9.5% a year
- net profit, FY23–FY26 · EPS 9.4%
- The gap
- 0.2 pp
- -66% downside if it only repeats history
Ownership
Who owns it
Promoters hold 75.00% as of Sept 2026; institutions cut 0.17 pts since Jun 2026.
- Promoters 75.00%
- Foreign institutions 1.55%
- Domestic institutions 8.52%
- Public 14.92%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mutual fund +0.12 pp 1.59% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Ingersoll Rand (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 74.00% | unchanged | |
| Mutual fund | 2.68% | unchanged |
| Mutual fund | 2.07% | −0.84 pp |
| Mutual fund | 1.59% | +0.12 pp |
| 1.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in INGERRAND
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹351 Cr
- 2 schemes
- Biggest holder
- SBI Large and Midcap Fund
- ₹256 Cr · 0.6% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Large and Midcap Fund SBI Mutual Fund | ₹256 Cr | held | Aug '21 |
| SBI Contra Fund SBI Mutual Fund | ₹95 Cr | held | Aug '21 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +298%
- vs est. average cost
- Held by funds
- ₹351 Cr
- 2 schemes · ≈ 2.8% of the company
- Biggest holder
- SBI Large and Midcap Fund
- ₹256 Cr · 0.6% of that fund
Shares held by these funds −29%
Oct '23 8.46 L shares Sep '26
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