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Last Updated on: 23 June, 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.
INDUSTRYADDRESSCONTACT
CompressorsFirst Floor, Subramanya Arcade, Bengaluru Karnataka 560029p_r_shubhakar@irco.com
http://www.irco.com
Management
NamePosition Held
Mr. Sekhar NatarajanChairman
Mr. Inder AroraExecutive Director
Ms. Jayantika DaveDirector
Mr. Naveen SamantDirector
Ms. Vijaya SampathDirector

Basic Stock Data of Ingersoll-Rand (India) Ltd

Last Updated: June 22, 2024, 10:41 pm

Market Cap 15,139 Cr.
Current Price 4,796
High / Low5,000/2,715
Stock P/E68.1
Book Value 184
Dividend Yield1.04 %
ROCE51.3 %
ROE38.4 %
Face Value 10.0
PEG Ratio3.14

Ingersoll-Rand (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales148190187194249245222273254319304305276
Expenses123157148158213206182229208254214233211
Operating Profit25344036363940444665907166
OPM %17%18%21%19%14%16%18%16%18%21%30%23%24%
Other Income3333334475466
Interest0010001111001
Depreciation4433344444445
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
Sales5925865256566216206157397066189101,1511,214
Expenses532530479632577564544634607507758905912
Operating Profit6055462344567110699111152246302
OPM %10%9%9%4%7%9%12%14%14%18%17%21%25%
Other Income69626290477174343613131921
Interest0112010032322
Depreciation55812101213111814141618
Profit before tax1231119810081114132127114108148246304
Tax %33%30%32%34%25%32%32%36%26%33%26%26%
Net Profit83786766617789818572110183226
EPS in Rs26.2224.6921.2120.9519.2724.4828.1625.6426.8022.9234.8957.8671.48
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:9%
5 Years:10%
3 Years:25%
TTM:5%
Compounded Profit Growth
10 Years:13%
5 Years:22%
3 Years:45%
TTM:22%
Stock Price CAGR
10 Years:22%
5 Years:50%
3 Years:70%
1 Year:60%
Return on Equity
10 Years:14%
5 Years:27%
3 Years:31%
Last Year:38%

Last Updated: June 15, 2024, 4:38 pm

Ingersoll-Rand (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital32323232323232323232323232
Reserves7828388839269761,0301,097387350419520546587
Borrowings00000000810853
Other Liabilities131150179174153151160181163212276276254
Total Liabilities9451,0201,0931,1311,1611,2121,289599552672836859876
Fixed Assets445010910978126121117117112111110140
CWIP1528463521214644
Investments0000000000000
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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs0.14%0.21%0.43%0.40%0.45%0.57%0.91%1.06%1.24%1.31%1.44%1.59%
DIIs4.63%4.29%4.99%5.50%5.72%5.93%5.92%5.80%5.42%5.38%5.18%5.36%
Public20.23%20.50%19.58%19.10%18.83%18.50%18.19%18.14%18.34%18.31%18.39%18.03%
No. of Shareholders28,35628,66127,96932,74531,03333,75233,62733,85635,52735,98835,68434,700

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)Previous Number of SharesPrevious DatePercentage Change
SBI Large & Midcap Fund908,9821.63255.2474,6522024-06-201117.63%
SBI Contra Fund229,5550.3964.4674,6522024-06-20207.5%
Invesco India Smallcap Fund92,7470.9126.0474,6522024-06-2024.24%
ITI Small Cap Fund74,6521.2720.9674,6522024-06-200%
ICICI Prudential Infrastructure Fund53,8890.4515.1374,6522024-06-20-27.81%
Tata Infrastructure Fund - Regular Plan53,0001.1314.8874,6522024-06-20-29%
Mahindra Manulife Multi Cap Fund46,6770.5913.1174,6522024-06-20-37.47%
Mahindra Manulife Flexi Cap Fund25,2000.697.0874,6522024-06-20-66.24%
Invesco India Flexi Cap Fund18,7610.475.2774,6522024-06-20-74.87%
Bank of India Flexi Cap Fund14,5000.954.0774,6522024-06-20-80.58%

Ingersoll-Rand (India) Ltd ROCE Trend

Ingersoll-Rand (India) Ltd EPS Trend

Ingersoll-Rand (India) Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)70.4557.8634.8922.9226.80
Diluted EPS (Rs.)70.4557.8634.8922.9226.80
Cash EPS (Rs.)76.0663.0339.3627.4432.58
Book Value[Excl.RevalReserv]/Share (Rs.)183.80183.11174.82142.76120.73
Book Value[Incl.RevalReserv]/Share (Rs.)183.80183.11174.82142.76120.73
Dividend / Share (Rs.)70.0050.0020.003.0028.00
Revenue From Operations / Share (Rs.)384.44364.54288.24195.68223.52
PBDIT / Share (Rs.)100.6883.9652.2739.2042.73
PBIT / Share (Rs.)95.0678.7847.8034.6836.95
PBT / Share (Rs.)94.4178.0246.9934.1436.13
Net Profit / Share (Rs.)70.4457.8534.8922.9226.80
PBDIT Margin (%)26.1823.0318.1320.0319.11
PBIT Margin (%)24.7221.6116.5817.7216.53
PBT Margin (%)24.5521.4016.3017.4416.16
Net Profit Margin (%)18.3215.8712.1011.7111.98
Return on Networth / Equity (%)38.3231.5919.9516.0522.19
Return on Capital Employeed (%)50.6642.6626.9823.5329.86
Return On Assets (%)26.0921.2512.8310.7615.32
Long Term Debt / Equity (X)0.000.000.000.010.01
Total Debt / Equity (X)0.000.000.010.020.02
Asset Turnover Ratio (%)1.421.341.191.011.23
Current Ratio (X)2.572.612.402.562.50
Quick Ratio (X)1.892.031.862.102.02
Inventory Turnover Ratio (X)3.994.134.504.064.55
Dividend Payout Ratio (NP) (%)0.0086.428.590.00104.47
Dividend Payout Ratio (CP) (%)0.0079.327.620.0085.93
Earning Retention Ratio (%)0.0013.5891.410.00-4.47
Cash Earning Retention Ratio (%)0.0020.6892.380.0014.07
Interest Coverage Ratio (X)153.55110.1264.6373.1451.88
Interest Coverage Ratio (Post Tax) (X)108.4376.8844.1443.7733.54
Enterprise Value (Cr.)11335.337969.394753.021935.231796.73
EV / Net Operating Revenue (X)9.346.935.223.132.55
EV / EBITDA (X)35.6630.0728.8015.6413.32
MarketCap / Net Operating Revenue (X)9.527.165.543.492.76
Retention Ratios (%)0.0013.5791.400.00-4.47
Price / BV (X)19.9214.269.144.795.11
Price / Net Operating Revenue (X)9.527.165.543.492.76
EarningsYield0.010.020.020.030.04

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

Fair Value: 4,861.72

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 1.37% compared to the current price 4796

Intrinsic Value: 5,915.61

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 23.34% compared to the current price ₹4796

Last 5 Year EPS CAGR: 21.68%

*Investments are subject to market risks

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

StrengthWeakness
  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 (138.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 86.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 70.00, which may not be favorable.

FAQ

What is the latest fair value of Ingersoll-Rand (India) Ltd?

The latest fair value of Ingersoll-Rand (India) Ltd is ₹4861.72.

What is the Market Cap of Ingersoll-Rand (India) Ltd?

The Market Cap of Ingersoll-Rand (India) Ltd is 15,139 Cr..

What is the current Stock Price of Ingersoll-Rand (India) Ltd as on 23 June 2024?

The current stock price of Ingersoll-Rand (India) Ltd as on 23 June 2024 is ₹4,796.

What is the High / Low of Ingersoll-Rand (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ingersoll-Rand (India) Ltd stocks is 5,000/2,715.

What is the Stock P/E of Ingersoll-Rand (India) Ltd?

The Stock P/E of Ingersoll-Rand (India) Ltd is 68.1.

What is the Book Value of Ingersoll-Rand (India) Ltd?

The Book Value of Ingersoll-Rand (India) Ltd is 184.

What is the Dividend Yield of Ingersoll-Rand (India) Ltd?

The Dividend Yield of Ingersoll-Rand (India) Ltd is 1.04 %.

What is the ROCE of Ingersoll-Rand (India) Ltd?

The ROCE of Ingersoll-Rand (India) Ltd is 51.3 %.

What is the ROE of Ingersoll-Rand (India) Ltd?

The ROE of Ingersoll-Rand (India) Ltd is 38.4 %.

What is the Face Value of Ingersoll-Rand (India) Ltd?

The Face Value of Ingersoll-Rand (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

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 getaka.co.in 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