Ingersoll-Rand (India) Ltd - Stock Valuation and Financial Performance

BSE: 500210 | NSE: INGERRAND | Compressors / Pumps | Small Cap

Ingersoll Rand Share Price

4,126.40 -140.35 -3.29%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Ingersoll Rand

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Ingersoll-Rand (India) stock performance -

mw4me loader
P/E Ratio (SA):
54.01
Market Cap:
13,026.2 Cr.
52-wk low:
2,997
52-wk high:
4,998.4

Is Ingersoll-Rand (India) Ltd an attractive stock to invest in?

1. Is Ingersoll-Rand (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ingersoll-Rand (India) Ltd is a good quality company.

2. Is Ingersoll-Rand (India) Ltd undervalued or overvalued?

The key valuation ratios of Ingersoll-Rand (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Ingersoll-Rand (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ingersoll-Rand (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ingersoll Rand:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ingersoll-Rand (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 10.6%8.2%11.1%11.8%16.5%29.2%26.3%30.1%44%51.8%-
Value Creation
Index
-0.3-0.4-0.2-0.20.21.10.91.22.32.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6106216206157397066189101,1511,2141,273
Sales YoY Gr.-1.8%-0.1%-0.9%20.2%-4.5%-12.5%47.3%26.5%5.5%-
Adj EPS 17.419.923.528.125.725.82334.857.470.576.4
YoY Gr.-14.6%18.3%19.4%-8.7%0.7%-11%51.2%65.2%22.8%-
BVPS (₹) 303.2319335.8356.8132.3119.6141.3174.5182.4183.1202.5
Adj Net
Profit
54.862.874.388.78181.672.6110181223241
Cash Flow from Ops. 29.366.812177.136.610976.580.9148207-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.9%10.4%25.3%5.5%
Adj EPS 16.9%22.4%45.3%22.8%
BVPS-5.5%6.7%9%0.4%
Share Price 17.4% 44.2% 52.2% 33.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.96.47.28.110.520.417.521.932.138.539.6
Op. Profit
Mgn %
6.66.59.311.31413.61816.621.423.924.8
Net Profit
Mgn %
910.11214.41111.611.812.115.818.419
Debt to
Equity
00000000000
Working Cap
Days
55239325423218616417615014214299
Cash Conv.
Cycle
8375564950576560576562

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 39.60%

Sales growth is growing at healthy rate in last 3 years 25.25%

Net Profit is growing at healthy rate in last 3 years 45.27%

Sales growth is not so good in last 4 quarters at 5.95%

Latest Financials - Ingersoll-Rand (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 76.4 -
TTM Sales (₹ Cr.) 1,273 -
BVPS (₹.) 202.5 -
Reserves (₹ Cr.) 669 -
P/BV 20.38 -
PE 54.01 -
From the Market
52 Week Low / High (₹) 2997.00 / 4998.35
All Time Low / High (₹) 23.75 / 4998.35
Market Cap (₹ Cr.) 13,026
Equity (₹ Cr.) 31.6
Face Value (₹) 10
Industry PE 50.2

Management X-Ray of Ingersoll Rand:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ingersoll Rand

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6106216206157397066189101,1511,214
Operating Expenses 570586564546636610507759905924
Manufacturing Costs-21192022232122536167
Material Costs436396375348422394364558680682
Employee Cost 77859310612012684105111119
Other Costs 76857669716836435456
Operating Profit 4035566910396111151246290
Operating Profit Margin (%) 6.6%5.7%9.0%11.2%14.0%13.6%17.9%16.6%21.3%23.9%
Other Income 60557173363913141928
Interest 201-2032322
Depreciation 12101213111814141618
Exceptional Items 10000000000
Profit Before Tax 9780114132127114108148246298
Tax 33203743472935386476
Profit After Tax 63597789818572110183222
PAT Margin (%) 10.4%9.5%12.5%14.5%11.0%12.0%11.7%12.1%15.9%18.3%
Adjusted EPS (₹)20.118.824.528.225.626.822.934.957.970.5
Dividend Payout Ratio (%)30%32%25%739%23%104%13%57%86%99%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 9571,0071,0601,126418377446551576578
Share Capital 32323232323232323232
Reserves 9269751,0291,095386346414519544547
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables12710594104128114142200194157
Others Liabilities 4036850535261838588111
Total Liabilities 1,4871,1791,2041,284598552671835858846

Fixed Assets

Gross Block16687147154162167169178190229
Accumulated Depreciation57102133444957678090
Net Fixed Assets10978126121117117112111110140
CWIP 463521214646
Investments 0000000000
Inventories112958778907995161162175
Trade Receivables17813698110168142182219268249
Cash Equivalents 418476673771117161231294275223
Others Assets6243592182031035247453854
Total Assets 1,4871,1791,2041,284598552671835858846

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 296712177371097781148207
PBT 10182114132127114108148246298
Adjustment -39-29-39-44-3101310111
Changes in Working Capital 5467731-4718-15-43-47-13
Tax Paid -37-33-31-41-41-32-29-34-62-79
Cash Flow From Investing Activity -41131419310059-1-5-5-34
Capex -60-3444-9-9-2-6-12-15-49
Net Investments 0984350000000
Others 5549545310961571014
Cash Flow From Financing Activity -24-23-23-23-791-125-4-13-162-225
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -20000-2-1-1-1-1
Dividend Paid -19-19-19-19-657-980-9-158-221
Others -4-4-4-4-135-25-4-3-3-3
Net Cash Flow 1156239148-655437163-18-53
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)6.786.047.488.1310.4821.2817.5721.9932.4238.55
ROCE (%)10.578.1511.1311.8316.5429.1726.3230.144.0251.82
Asset Turnover Ratio0.430.50.560.50.791.231.011.211.361.42
PAT to CFO Conversion(x)0.461.141.570.870.461.281.070.740.810.93
Working Capital Days
Receivable Days97866461698096817778
Inventory Days68575048424451515151
Payable Days959080858596113999284

Ingersoll-Rand (India) Ltd Stock News

Ingersoll-Rand (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ingersoll Rand on 20-Dec-2024 16:59 is ₹4,126.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Ingersoll Rand stood at ₹13,026.2.
The latest P/E ratio of Ingersoll Rand as of 20-Dec-2024 16:59 is 54.01.
The latest P/B ratio of Ingersoll Rand as of 20-Dec-2024 16:59 is 20.38.
The 52-week high of Ingersoll Rand is ₹4,998.4 and the 52-week low is ₹2,997.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ingersoll Rand is ₹1,273 ( Cr.) .

About Ingersoll-Rand (India) Ltd

Ingersoll-Rand (India), incorporated in 1921 is engaged in the business of providing solutions for infrastructure development, industrial solutions and climate control markets. Today, the company has emerged as being amongst the largest exporters of engineered goods in India. The company’s manufacturing facility is located in Ahmedabad in Gujarat. This facility has received ISO-9001 and ISO-14001 certification for quality management.

This Bangalore-based company has a sales network spread across 18 locations in India. Currently, it is listed on the Bombay Stock Exchange and the National Stock Exchange. 

Business

Ingersoll-Rand manufactures a wide range of air compressors of various capacities with complete air solutions that span the entire compressed air system. It supplies an extensive range of SSR and Nirvana rotary screw compressors, with both fluid cooled and oil-free models. Its product- Centac is an oil-free centrifugal compressor extensively used for continuous duty applications. The company also manufactures air dryers, filters, after-coolers, receivers, water separators, etc. it also operate an in-house research and development unit for developing and testing new units

The company has completed an expansion of pump production capacity at its manufacturing facility in Sahibabad, India. The expansion expands its current pump production capability to include ARO Pro & EXP Series air-operated diaphragm pumps.

Ingersoll-Rand has tied-up with the world’s second largest valuable company IBM to provide remote energy and asset management solutions in India to drive greater energy efficiencies for organisations who are engaged in infrastructure creation or maintenance for high growth sectors (Commercial, Hospitality, Health, Pharma & others).

Milestones

  • 1921- Ingersoll Rand (India) was established in Calcutta as a trading company, thus becoming one of the first Indo-American ventures in India.
  • 1965- The company set up India's first manufacturing plant for reciprocating compressors in Naroda, Gujarat. In the first year itself 800 compressors were manufactured
  • 1977- The company went public.
  • 1978- Ingersoll-Rand established its second manufacturing plant at Bangalore for production of construction, mining and water well drilling equipment.
  • 1983- The company started rotary screw compressor assembly in its Naroda plant. 
  • 1989- The packaging of Centac compressor was started at the Naroda plant.
  • 1993- The company’s Bangalore plant started production of soil and asphalt compactors.
  • 1994- The company’s Ahmedabad plant started manufacturing of gas compressors. 
  • 1995- Ingersoll-Rand expanded capacity of it Ahmedabad plant in order to cater growing demand for castings. 
  • 1996- It acquired majority stake in Wadco Tools, Sahibabad -- a manufacturer of industrial tools.
  • 1996- The company expanded the capacity of its Bangalore plant for in-house fabrication facility. 
  • 1997- It expanded its product portfolio by adding road building products like pneumatic tyre rollers to its Bangalore product line. 
  • 2000- The company’s head office was shifted to Bangalore. 
  • 2000- The company’s Naroda plant received ISO 9001 certification. it sold its process gas compressor division. The company set up a new high-pressure portable compressor for water-well drilling.
  • 2001- The company launched its indigenously built hydraulic drifter drills. 
  • 2001- Ingersoll-Rand established RASTA, an institute to meet the training needs of the road-building community.
  • 2002- The company’s Naroda Plant received ISO 14001 certification. 
  • 2002- The company’s PET packaging facility was shifted from Davidson facility in the USA to Ahmedabad plant. It shifted its rotary screw compressor facility from Bangalore to its Ahmedabad. 
  • 2003- The company built its first DM-H drill delivered to Northern Coal Fields, a subsidiary of Coal India. 
  • 2004- The company divested its drilling solution business to Atlas Copco. 
  • 2005- The company shifted its registered office to Bangalore. 
  • 2007- Ingersoll-Rand divested its bobcat, utility equipments and attachments to Doosan. 
  • 2007-The company divested its road machinery business to Volvo.
  • 2008- It completed acquisition of Trane Inc., a global leader in indoor climate control systems, services and solutions in a transaction valued at approximately $10.1 billion
  • 2012- The company has completed an expansion of pump production capacity at its manufacturing facility in Sahibabad, India. The expansion expands its current pump production capability to include ARO Pro & EXP Series air-operated diaphragm pumps.
  • 2013 - Ingersoll Rand Launches Air Operated AROTM Dose Pumps in India

                    Ingersoll Rand Launches mid Torque cordless imapct wrenches & Drill drivers in India

  • 2014 - Ingersoll Rand wins ‘2014 Dream Company to Work For’ Award second time in a row in the Manufacturing Sector

                    Ingersoll Rand Launches Science Centre With AGASTYA Foundation For Underprivileged Children In Remote Areas.



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