Ingersoll-Rand (India) Ltd(INGERRAND)

NSE: INGERRANDBSE: 500210

₹ 3,775.1-1.28%refreshed 23 Oct, 03:52 pm ISTMarket cap: ₹ 11,917 crWebsite: www.irco.comUpdated: 25 Oct 2026

About

Ingersoll-Rand (India) Ltd is a single-segment industrial company that manufactures and sells industrial air compressors of various capacities and provides related services under its Air Solutions business. The company is headquartered in India, with an existing plant at Naroda, Gujarat, and reported revenue of Rs 1,392.37 crore in FY26. It sells primarily in India and also exports to American, Asian and European countries.^[1][2]

Business segment

Air Solutions is the company's only segment - manufacturing and selling industrial air compressors of various capacities and providing related services. There are no other primary reportable segments.^[1][3]
India revenue was Rs 1,11,499.02 lakh in FY25 (FY24: Rs 98,038.49 lakh); exports went to the United States (Rs 12,732.56 lakh), Ireland (Rs 4,661.62 lakh), Israel (Rs 2,086.04 lakh) and other markets (Rs 2,650.12 lakh).^[1]

Products and innovation

The company manufactures industrial air compressors across various capacities and is developing compressors for industry-specific applications as well as next-generation compressors and dryers, leveraging global engineering best practices.^[1]
The company's strategic positioning is 'In India; For India; By India', with a focus on local innovation and creating markets within India.^[1]

Manufacturing operations

The existing manufacturing plant is located at Naroda, Gujarat.^[1]
A new manufacturing plant is being constructed at Sanand-II Industrial Estate (GIDC), Gujarat on a 99-year lease; construction activities were in progress as of FY25.^[1]

Expansion and capex

The Board approved a new manufacturing plant at Sanand-II Industrial Estate, Gujarat at an investment of approximately Rs 17,000 lakh; capital work-in-progress stood at Rs 4,773.39 lakh as at March 31, 2025, with construction expected to complete by Q2 FY2025-26.^[1]
Capital expenditure contracted but not yet recognised as liabilities stood at Rs 4,340.94 lakh for property, plant and equipment as at March 31, 2025.^[1]

Customers and end markets

Products are primarily sold to industries in the automotive, metals, pharmaceutical and textile sectors, all of which registered strong growth in FY25.^[1]

Financial position

The company carries no debt; the debt-equity ratio is not applicable as of FY24.^[3]
Return on equity was 38.40% in FY24, up from 32.33% in FY23.^[3]

Market Cap

₹11,917 Cr

High / Low

₹4,954 / 3,070

Stock P/E

44.5

Price / Book

19.4

Book Value

₹195

EPS

₹81.1

No. of Shares

3.16 Cr

ROCE

57.5%

ROE

41.8%

OPM

24.9%

Debt / Equity

0.00

Sales

₹1,392 Cr

Net Profit

₹256 Cr

Promoter holding

75.0%

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