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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ingersoll-Rand (India) Ltd

About the Company - Ingersoll-Rand (India) Ltd

Ingersoll-Rand (India) Ltd. is a Public Limited Listed company incorporated on 01/12/1921 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L05190KA1921PLC036321 and registration number is 036321. Currently company belongs to the Industry of Compressors. Company’s Total Operating Revenue is Rs. 909.92 Cr. and Equity Capital is Rs. 31.57 Cr. for the Year ended 31/03/2022.
CompressorsFirst Floor, Subramanya Arcade, Bengaluru Karnataka
NamePosition Held
Mr. Sekhar NatarajanChairman
Mr. Inder AroraExecutive Director
Ms. Jayantika DaveDirector
Mr. Naveen SamantDirector
Ms. Vijaya SampathDirector

Ingersoll-Rand (India) Ltd. Share Price Update

Share PriceValue
Previous Day₹3,342.05

Basic Stock Data of Ingersoll-Rand (India) Ltd

Market Cap 11,064 Cr.
Current Price 3,505
High / Low3,586/2,073
Stock P/E49.1
Book Value 196
Dividend Yield1.44 %
ROCE43.6 %
ROE32.3 %
Face Value 10.0

Data Source:

Ingersoll-Rand (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit25344036363940444665907166
OPM %17%18%21%19%14%16%18%16%18%21%30%23%24%
Other Income3333334475466
Profit before tax24333935353939434865907267
Tax %25%40%33%25%26%26%25%26%26%26%26%26%26%
Net Profit18202626262929323548675450
EPS in Rs5.806.318.248.338.259.069.2610.1711.2315.1921.2617.0215.75

Ingersoll-Rand (India) Ltd Quarterly Chart

Ingersoll-Rand (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit6055462344567110699111152246293
OPM %10%9%9%4%7%9%12%14%14%18%17%21%24%
Other Income69626290477174343613131921
Profit before tax1231119810081114132127114108148246294
Tax %33%30%32%34%25%32%32%36%26%33%26%26%
Net Profit83786766617789818572110183219
EPS in Rs26.2224.6921.2120.9519.2724.4828.1625.6426.8022.9234.8957.8669.22
Dividend Payout %92%24%28%29%31%25%739%23%104%13%57%86%

Ingersoll-Rand (India) Ltd Profit & Loss Yearly Chart

Ingersoll-Rand (India) Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:13%
3 Years:18%
Compounded Profit Growth
10 Years:9%
5 Years:15%
3 Years:30%
Stock Price CAGR
10 Years:25%
5 Years:44%
3 Years:66%
1 Year:74%
Return on Equity
10 Years:12%
5 Years:20%
3 Years:25%
Last Year:32%

Ingersoll-Rand (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital32323232323232323232323232
Other Liabilities131150179174153151160181163212276276254
Total Liabilities9451,0201,0931,1311,1611,2121,289599552672836859876
Fixed Assets445010910978126121117117112111110140
Other Assets9009189779761,0481,0841,167480434556719745731
Total Assets9451,0201,0931,1311,1611,2121,289599552672836859876

Ingersoll-Rand (India) Ltd Reserves and Borrowings Chart

Ingersoll-Rand (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1650-64296712177371097681148
Cash from Investing Activity -134-4331-41131419310059-1-5-5
Cash from Financing Activity -88-23-23-24-23-23-23-791-125-4-13-162
Net Cash Flow-239-15-561156239148-655437163-19

Ingersoll-Rand (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days82871219980586583741088885
Inventory Days100911319487858278739510587
Days Payable661031321069691109111105143131104
Cash Conversion Cycle11676120877151385041606268
Working Capital Days1847814911414850377545565155
ROCE %15%14%11%9%9%11%12%17%28%26%30%44%

Ingersoll-Rand (India) Ltd Financial Efficiency Indicators Chart

Ingersoll-Rand (India) Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders27,90428,35628,66127,96932,74531,03333,75233,62733,85635,52735,98835,684

Ingersoll-Rand (India) Ltd Shareholding Pattern Chart

No. of Ingersoll-Rand (India) Ltd Shareholders

Ingersoll-Rand (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Large & Midcap Fund9089821.63255.24
SBI Contra Fund2295550.3964.46
Invesco India Smallcap Fund927470.9126.04
ITI Small Cap Fund746521.2720.96
ICICI Prudential Infrastructure Fund538890.4515.13
Tata Infrastructure Fund - Regular Plan530001.1314.88
Mahindra Manulife Multi Cap Fund466770.5913.11
Mahindra Manulife Flexi Cap Fund252000.697.08
Invesco India Flexi Cap Fund187610.475.27
Bank of India Flexi Cap Fund145000.954.07

Ingersoll-Rand (India) Ltd ROCE Trend

Ingersoll-Rand (India) Ltd EPS Trend

Ingersoll-Rand (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)57.8634.8922.9226.8025.64
Diluted EPS (Rs.)57.8634.8922.9226.8025.64
Cash EPS (Rs.)63.0339.3627.4432.5829.24
Book Value[Excl.RevalReserv]/Share (Rs.)183.11174.82142.76120.73132.59
Book Value[Incl.RevalReserv]/Share (Rs.)183.11174.82142.76120.73132.59
Dividend / Share (Rs.)50.0020.003.0028.006.00
Revenue From Operations / Share (Rs.)364.54288.24195.68223.52234.12
PBDIT / Share (Rs.)83.9652.2739.2042.7344.13
PBIT / Share (Rs.)78.7847.8034.6836.9540.53
PBT / Share (Rs.)78.0246.9934.1436.1340.37
Net Profit / Share (Rs.)57.8534.8922.9226.8025.64
PBDIT Margin (%)23.0318.1320.0319.1118.84
PBIT Margin (%)21.6116.5817.7216.5317.31
PBT Margin (%)21.4016.3017.4416.1617.24
Net Profit Margin (%)15.8712.1011.7111.9810.95
Return on Networth / Equity (%)31.5919.9516.0522.1919.33
Return on Capital Employeed (%)42.6626.9823.5329.8630.47
Return On Assets (%)21.2512.8310.7615.3213.50
Long Term Debt / Equity (X)
Total Debt / Equity (X)
Asset Turnover Ratio (%)1.341.
Current Ratio (X)2.612.402.562.502.50
Quick Ratio (X)2.031.862.102.021.99
Inventory Turnover Ratio (X)4.134.504.064.554.98
Dividend Payout Ratio (NP) (%)86.428.590.00104.47811.32
Dividend Payout Ratio (CP) (%)79.327.620.0085.93711.35
Earning Retention Ratio (%)13.5891.410.00-4.47-711.32
Cash Earning Retention Ratio (%)20.6892.380.0014.07-611.35
Interest Coverage Ratio (X)110.1264.6373.1451.88284.25
Interest Coverage Ratio (Post Tax) (X)76.8844.1443.7733.54166.13
Enterprise Value (Cr.)7969.394753.021935.231796.731851.64
EV / Net Operating Revenue (X)6.935.223.132.552.51
EV / EBITDA (X)30.0728.8015.6413.3213.29
MarketCap / Net Operating Revenue (X)7.165.543.492.762.66
Retention Ratios (%)13.5791.400.00-4.47-711.32
Price / BV (X)
Price / Net Operating Revenue (X)7.165.543.492.762.66

Ingersoll-Rand (India) Ltd Profitability Ratios (%)

Ingersoll-Rand (India) Ltd Liquidity Ratios

Ingersoll-Rand (India) Ltd Liquidity Ratios (%)

Ingersoll-Rand (India) Ltd Interest Coverage Ratios (%)

Ingersoll-Rand (India) Ltd Valuation Ratios

Fair Value of Ingersoll-Rand (India) Ltd Stock

Fair Value: ₹3153.18

The stock is overvalued by 10.04% compared to the current price ₹3505

*Investments are subject to market risks

Strength and Weakness of Ingersoll-Rand (India) Ltd Stock

  1. The stock has a high average ROCE of 18.83%, which is a positive sign.
  2. The company has higher reserves (718.54 cr) compared to borrowings (2.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (553.08 cr) and profit (138.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 52.46 and average Dividend Yield of 17.95%.
  2. The stock has a high average Working Capital Days of 86.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 70.00, which may not be favorable.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ingersoll-Rand (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE