Ingersoll Rand India Limited: Business Overview, Financials & Competitive Analysis
Ingersoll Rand India Limited scores 8/10 on the AskCyborg Cyborg Score (Strong). Market-leading air compressor manufacturer with expanding capacity, strong profitability, fortress balance sheet, and consistent dividend returns positioned for sustained growth. INGERRAND demonstrates robust fundamentals with good profit growth of 26.3% CAGR over last 5 years, is almost debt free with a ROCE of 60% and ROE of 45%.
What is Ingersoll Rand India Limited's industry? Ingersoll Rand India Limited (irco.com) operates in Industrial Machinery & Equipment / Air Solutions. AskCyborg classifies Ingersoll Rand India Limited under Industrial Machinery & Equipment / Air Solutions in its company registry.
Ingersoll Rand India Limited is engaged in the business of manufacturing and selling industrial air compressors and offers related services such as installation, commissioning and maintenance. It is the largest suppli...
Cyborg Score thesis
Market-leading air compressor manufacturer with expanding capacity, strong profitability, fortress balance sheet, and consistent...
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Pro stress-test →Ingersoll Rand India Limited is engaged in the business of manufacturing and selling industrial air compressors and offers related services such as installation, commissioning and maintenance. It is the largest supplier of air compressors in India and serves a diverse industrial base with strong growth momentum.
Strategic Profile
Pro stress-test →The company primarily serves high-growth industries like automotive, metals, pharmaceuticals, and textiles, which have seen strong performance. To meet growing demand, the company is expanding its manufacturing capacity by 50 percent, aiming to produce 15,000 units per month. The company maintains exceptional financial strength with strong profitability metrics.
Competitive Landscape
Pro stress-test →The company operates under multiple brands including NASH, CompAir, Ingersoll Rand, Gardner Denver, ARO, Thomas, Milton Roy, and EMCO Wheaton, providing portfolio diversification. It is the largest supplier of air compressors in India, competing against regional manufacturers and multinational players in the industrial equipment sector. Competitive advantage stems from brand portfolio, manufacturing scale, and customer relationships.
Industry Context
Ingersoll Rand India Limited operates in Industrial Machinery & Equipment / Air Solutions.
Key facts
Founded: 1921 · Headquarters: Bengaluru, India · Employees: 1,030 · Revenue: ₹455.5 Cr (Q3 FY26) · Market cap: $1.55B (₹12,785 Cr)