Ingersoll-Rand India Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹13,922 Cr
- Book Value
- ₹195
- Stock P/E
- 52.8
- Dividend Yield
- 1.70%
- ROE
- 43.0%
- ROCE
- 57.1%
- PEG Ratio
- 1.79
- EV/EBITDA
- 37.2
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Ingersoll-Rand India share price today
Ingersoll-Rand India (NSE: INGERRAND) sells compressed air — the fourth utility of every factory. Its industrial air compressors power pharma cleanrooms, food lines, textiles, metals and general manufacturing, and the model’s beauty is the tail: every machine sold seeds a decades-long aftermarket annuity of service contracts and parts, priced at premium margins. The listed entity’s economics are pristine MNC: 57.1% ROCE, 43% ROE, zero debt, 23.9% operating margins, and a 1.7% dividend from cash it cannot spend.
At 52.8×, our universe tags it wait — premium niche, premium execution, premium bill.
Compressors as an installed-base business
The purchase decision is lifecycle cost — energy is 70%+ of a compressor’s total cost of ownership — which rewards the technology leaders on efficiency and keeps cheap imports at the commodity margin. The parent’s global R&D (oil-free air, energy-recovery, IoT-monitored fleets) flows to the Indian entity, and every efficiency regulation tightens the premium segment’s grip. Pharma and food-grade oil-free demand is the mix-enricher.
Watch-items: manufacturing-capex cycles (order intake), the aftermarket-to-equipment revenue mix, parent-related royalty terms, and rivals (Atlas Copco unlisted, ELGi listed) keeping the premium duopoly-plus honest.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹13,922 Cr |
| P/E (TTM) | 52.8 |
| EV/EBITDA | 37.2 |
| Operating margin | 23.9% |
| ROE / ROCE | 43.0% / 57.1% |
| Debt to equity | 0.00 |
| Sales CAGR (5y) | 17.7% |
| Profit CAGR (5y) | 29.5% |
| Promoter holding | 75.0% |
| EPS (TTM) | ₹83.36 |
Ingersoll-Rand India share price target 2026 to 2030
EPS base ₹83.36 (TTM). Bear: capex softens, multiple mean-reverts — 8% growth at 32×. Base: manufacturing build-out compounds demand — 13% growth at 42×. Bull: factory-buildout supercycle with aftermarket mix — 17% growth at 52×.
| Year | Bear (32×, +8%) | Base (42×, +13%) | Bull (52×, +17%) |
|---|---|---|---|
| 2026 | ₹2,880 | ₹3,955 | ₹5,070 |
| 2027 | ₹3,110 | ₹4,470 | ₹5,935 |
| 2028 | ₹3,360 | ₹5,050 | ₹6,945 |
| 2029 | ₹3,630 | ₹5,710 | ₹8,125 |
| 2030 | ₹3,920 | ₹6,450 | ₹9,505 |
From ₹4,401, the base case is ≈ +47% over four and a half years plus the 1.7% yield; the bear is −11%. Installed-base industrials deflate gently — the range below is where gentleness meets bargain.
Reasons to own Ingersoll-Rand India (at the right price)
- Compressed air is a factory utility — demand as broad as manufacturing itself.
- Aftermarket annuity: every sale seeds decades of service and parts.
- 57% ROCE with zero debt — among the cleanest industrial P&Ls listed.
- Parent technology keeps the efficiency-regulation tailwind proprietary.
- A real dividend from genuinely surplus cash.
The risks: capex cycles set order tempo, 53× pays generously for the quality, and MNC royalty/fee structures warrant the annual look.
Should you buy at the current price?
The live buy range below is for members — the annuity at an honest multiple.
FAQ
What is the Ingersoll-Rand India share price target for 2030? Base case ≈ ₹6,450 (42× on 13% compounded growth), bear ≈ ₹3,920, bull ≈ ₹9,505. Arithmetic above.
Why do compressors resist commoditisation? Energy dominates lifecycle cost — a cheaper machine that burns more power costs more within two years. Efficiency technology, uptime service and monitoring keep premium players premium.
What is the aftermarket’s role? Service contracts and parts on the installed base — recurring, high-margin revenue that smooths equipment-order cycles and compounds with every machine ever sold.
When are Ingersoll-Rand India’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.