INGERRAND
Ingersoll Rand (India) share price & financials
- Price
- ₹4,571.2
- Market cap
- ₹14.4k Cr
- Sector
- Capital Goods
What Ingersoll Rand (India) Limited does
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.
Quarterly results
Q1 FY27: revenue up 20.3%, net profit up 18.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 322 | 382 | 322 | 315 | 322 +0% | 455 +19% | 300 −7% | 379 +20% |
| EBITDA | 79 | 102 | 83 | 74 | 76 −4% | 114 +12% | 69 −17% | 90 +22% |
| Net profit | 60 | 78 | 68 | 59 | 60 +0% | 72 −8% | 65 −4% | 70 +19% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +17.4% 1Y
1Y: ₹3,893.8 on 10 Sept 2025 → ₹4,573. High ₹4,883.5 (2 Sept 2026), low ₹3,124.3 (21 Jan 2026).
Financials, as filed
Revenue grew 6.6% a year over 3 years, FY23 to FY26. Operating margin widened to 23.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.1k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.4k Cr |
| Operating profit | ₹245 Cr | ₹286 Cr | ₹347 Cr | ₹333 Cr |
| Operating margin | 21.3% | 23.7% | 25.8% | 23.9% |
| Interest | ₹3 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹16 Cr | ₹18 Cr | ₹17 Cr | ₹16 Cr |
| Net profit | ₹182 Cr | ₹223 Cr | ₹268 Cr | ₹256 Cr |
| Net margin | 15.8% | 18.4% | 19.9% | 18.4% |
| Cash from operations | ₹148 Cr | ₹207 Cr | ₹265 Cr | ₹274 Cr |
| Free cash flow | ₹133 Cr | ₹158 Cr | ₹216 Cr | ₹196 Cr |
| ROCE | 44.0% | 51.0% | 60.0% | 57.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹32 Cr | ₹32 Cr | ₹32 Cr | ₹32 Cr | ₹32 Cr | ₹32 Cr |
| Reserves | ₹419 Cr | ₹520 Cr | ₹546 Cr | ₹549 Cr | ₹618 Cr | ₹584 Cr |
| Borrowings | ₹10 Cr | ₹8 Cr | ₹5 Cr | ₹6 Cr | ₹10 Cr | ₹9 Cr |
| Other liabilities | ₹212 Cr | ₹276 Cr | ₹276 Cr | ₹266 Cr | ₹324 Cr | ₹374 Cr |
| Total liabilities | ₹672 Cr | ₹836 Cr | ₹859 Cr | ₹852 Cr | ₹984 Cr | ₹999 Cr |
| Fixed assets | ₹112 Cr | ₹111 Cr | ₹110 Cr | ₹140 Cr | ₹131 Cr | ₹218 Cr |
| Capital work in progress | ₹4 Cr | ₹6 Cr | ₹4 Cr | ₹6 Cr | ₹85 Cr | ₹30 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹556 Cr | ₹719 Cr | ₹745 Cr | ₹706 Cr | ₹768 Cr | ₹751 Cr |
| Total assets | ₹672 Cr | ₹836 Cr | ₹859 Cr | ₹852 Cr | ₹984 Cr | ₹999 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +0.87 pp while the public trimmed −0.71 pp. The shareholder count grew 7% to 37,829.
- Promoters
- 75.0%
- FIIs
- 1.3%
- DIIs
- 9.0%
- Public
- 14.8%
Since Jun 2025
- DIIs +0.87 pp
- Public −0.71 pp
- FIIs −0.17 pp
How it drifted, 12 quarters
Over this window DIIs went from 5.4% to 9.0% — +3.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 1.3%, DIIs 5.4%, Public 18.3%.Dec '23: Promoters 75.0%, FIIs 1.4%, DIIs 5.2%, Public 18.4%.Mar '24: Promoters 75.0%, FIIs 1.6%, DIIs 5.4%, Public 18.0%.Jun '24: Promoters 75.0%, FIIs 1.6%, DIIs 5.5%, Public 17.8%.Sep '24: Promoters 75.0%, FIIs 1.5%, DIIs 6.2%, Public 17.3%.Dec '24: Promoters 75.0%, FIIs 2.3%, DIIs 6.7%, Public 16.0%.Mar '25: Promoters 75.0%, FIIs 1.9%, DIIs 7.1%, Public 16.0%.Jun '25: Promoters 75.0%, FIIs 1.4%, DIIs 8.1%, Public 15.5%.Sep '25: Promoters 75.0%, FIIs 1.3%, DIIs 8.2%, Public 15.5%.Dec '25: Promoters 75.0%, FIIs 1.2%, DIIs 8.2%, Public 15.6%.Mar '26: Promoters 75.0%, FIIs 1.3%, DIIs 8.2%, Public 15.5%.Jun '26: Promoters 75.0%, FIIs 1.3%, DIIs 9.0%, Public 14.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- ICICI Prudential Infrastructure Fund Mutual fund newly disclosed 2.91% held
- Invesco India Aggressive Hybrid Fund Mutual fund newly disclosed 1.47% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ingersoll Rand (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ingersoll-Rand Industrial U S Inc | 74.00% | unchanged |
| ICICI Prudential Infrastructure Fund Mutual fund | 2.91% | newly disclosed |
| SBI Large & Midcap Fund Mutual fund | 2.68% | −0.11 pp |
| Invesco India Aggressive Hybrid Fund Mutual fund | 1.47% | newly disclosed |
| Ingersoll Rand Inc. | 1.00% | unchanged |
| ICICI Prudential Multi-Asset Fund Mutual fund | — | off the list |
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 Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹410 Cr
- 2 schemes
- Biggest holder
- SBI Large and Midcap Fund
- ₹299 Cr · 0.7% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Large and Midcap Fund SBI Mutual Fund | ₹299 Cr | held | Aug '21 |
| SBI Contra Fund SBI Mutual Fund | ₹111 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 Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +362%
- vs est. average cost
- Held by funds
- ₹410 Cr
- 2 schemes · ≈ 2.7% of the company
- Biggest holder
- SBI Large and Midcap Fund
- ₹299 Cr · 0.7% of that fund
Shares held by these funds −29%
Aug '23 8.46 L shares Jul '26
What the price assumes
Growth trapTo justify its price of ₹4573, this stock must grow earnings at 34% every year for 7 years. Our analysis caps realistic growth at ~9%. At that growth it is worth ₹1332 — downside of 71%.
- Growth the price implies
- 33.6% 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
- -71% downside if it only repeats history
Learn to analyse Ingersoll Rand (India) Limited
Guides on how to read this kind of business and the numbers that matter.