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Ingersoll-Rand (India)

NSEI:INGERRAND
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INGERRAND
NSEI
₹21B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Ingersoll-Rand (India) Limited manufactures and sells industrial air compressors primarily in India. The last earnings update was 39 days ago. More info.


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INGERRAND Share Price and Events
7 Day Returns
7.2%
NSEI:INGERRAND
0.2%
IN Machinery
0.2%
IN Market
1 Year Returns
20%
NSEI:INGERRAND
-15.3%
IN Machinery
3.1%
IN Market
INGERRAND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ingersoll-Rand (India) (INGERRAND) 7.2% 8.3% 10.3% 20% -0.7% -20.2%
IN Machinery 0.2% -3.2% 3.3% -15.3% 0.8% 16.9%
IN Market 0.2% 0.1% 6.5% 3.1% 26.5% 28.3%
1 Year Return vs Industry and Market
  • INGERRAND outperformed the Machinery industry which returned -15.3% over the past year.
  • INGERRAND outperformed the Market in India which returned 3.1% over the past year.
Price Volatility
INGERRAND
Industry
5yr Volatility vs Market

Value

 Is Ingersoll-Rand (India) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ingersoll-Rand (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ingersoll-Rand (India).

NSEI:INGERRAND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:INGERRAND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.089 (1 + (1- 35%) (1.16%))
1.065
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.065 * 7.85%)
14.84%

Discounted Cash Flow Calculation for NSEI:INGERRAND using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ingersoll-Rand (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:INGERRAND DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.84%)
2020 380.78 Est @ -4.42% 331.57
2021 376.42 Est @ -1.15% 285.41
2022 380.71 Est @ 1.14% 251.37
2023 391.16 Est @ 2.74% 224.89
2024 406.27 Est @ 3.86% 203.39
2025 425.16 Est @ 4.65% 185.34
2026 447.26 Est @ 5.2% 169.78
2027 472.23 Est @ 5.58% 156.09
2028 499.86 Est @ 5.85% 143.87
2029 530.06 Est @ 6.04% 132.85
Present value of next 10 years cash flows ₹2,084.00
NSEI:INGERRAND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹530.06 × (1 + 6.48%) ÷ (14.84% – 6.48%)
₹6,750.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹6,750.50 ÷ (1 + 14.84%)10
₹1,691.88
NSEI:INGERRAND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹2,084.00 + ₹1,691.88
₹3,775.88
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹3,775.88 / 31.57
₹119.61
NSEI:INGERRAND Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:INGERRAND represents 0.99894x of BSE:500210
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99894x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 119.61 x 0.99894
₹119.48
Value per share (INR) From above. ₹119.48
Current discount Discount to share price of ₹662.60
= -1 x (₹662.60 - ₹119.48) / ₹119.48
-454.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ingersoll-Rand (India) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ingersoll-Rand (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ingersoll-Rand (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:INGERRAND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹25.19
BSE:500210 Share Price ** BSE (2019-12-13) in INR ₹663.3
India Machinery Industry PE Ratio Median Figure of 148 Publicly-Listed Machinery Companies 13.47x
India Market PE Ratio Median Figure of 2,639 Publicly-Listed Companies 12.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ingersoll-Rand (India).

NSEI:INGERRAND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500210 Share Price ÷ EPS (both in INR)

= 663.3 ÷ 25.19

26.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ingersoll-Rand (India) is overvalued based on earnings compared to the IN Machinery industry average.
  • Ingersoll-Rand (India) is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Ingersoll-Rand (India)'s expected growth come at a high price?
Raw Data
NSEI:INGERRAND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
India Machinery Industry PEG Ratio Median Figure of 32 Publicly-Listed Machinery Companies 1.48x
India Market PEG Ratio Median Figure of 600 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ingersoll-Rand (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ingersoll-Rand (India)'s assets?
Raw Data
NSEI:INGERRAND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹142.40
BSE:500210 Share Price * BSE (2019-12-13) in INR ₹663.3
India Machinery Industry PB Ratio Median Figure of 171 Publicly-Listed Machinery Companies 1.17x
India Market PB Ratio Median Figure of 3,575 Publicly-Listed Companies 0.84x
NSEI:INGERRAND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500210 Share Price ÷ Book Value per Share (both in INR)

= 663.3 ÷ 142.40

4.66x

* Primary Listing of Ingersoll-Rand (India).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ingersoll-Rand (India) is overvalued based on assets compared to the IN Machinery industry average.
X
Value checks
We assess Ingersoll-Rand (India)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Ingersoll-Rand (India) has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ingersoll-Rand (India) expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.5%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Ingersoll-Rand (India) expected to grow at an attractive rate?
  • Unable to compare Ingersoll-Rand (India)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ingersoll-Rand (India)'s earnings growth to the India market average as no estimate data is available.
  • Ingersoll-Rand (India)'s revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:INGERRAND Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:INGERRAND Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 13.5%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
India Market Earnings Growth Rate Market Cap Weighted Average 19.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:INGERRAND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:INGERRAND Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 9,354 1
2020-03-31 8,351 1
NSEI:INGERRAND Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 7,613 543 795
2019-06-30 7,673 793
2019-03-31 7,391 366 809
2018-12-31 6,840 906
2018-09-30 6,477 965
2018-06-30 6,315 961
2018-03-31 6,148 771 889
2017-12-31 6,342 828
2017-09-30 6,291 771
2017-06-30 6,316 750
2017-03-31 6,204 1,215 773
2016-12-31 6,040 723

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ingersoll-Rand (India) is high growth as no earnings estimate data is available.
  • Ingersoll-Rand (India)'s revenue is expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:INGERRAND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Ingersoll-Rand (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:INGERRAND Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
NSEI:INGERRAND Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 25.19
2019-06-30 25.12
2019-03-31 25.64
2018-12-31 28.70
2018-09-30 30.58
2018-06-30 30.42
2018-03-31 28.16
2017-12-31 26.22
2017-09-30 24.42
2017-06-30 23.77
2017-03-31 24.48
2016-12-31 22.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ingersoll-Rand (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ingersoll-Rand (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ingersoll-Rand (India) has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ingersoll-Rand (India) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ingersoll-Rand (India)'s growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ingersoll-Rand (India)'s year on year earnings growth rate has been positive over the past 5 years.
  • Ingersoll-Rand (India)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ingersoll-Rand (India)'s 1-year earnings growth is negative, it can't be compared to the IN Machinery industry average.
Earnings and Revenue History
Ingersoll-Rand (India)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ingersoll-Rand (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:INGERRAND Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 7,613.25 795.41 1,407.02
2019-06-30 7,672.85 792.81 1,364.02
2019-03-31 7,390.75 809.31 1,307.52
2018-12-31 6,840.46 905.88 1,257.52
2018-09-30 6,476.96 964.98 1,188.02
2018-06-30 6,314.86 960.68 1,172.82
2018-03-31 6,147.96 888.88 1,149.52
2017-12-31 6,341.72 827.53 1,119.87
2017-09-30 6,290.62 771.13 1,100.07
2017-06-30 6,315.62 750.33 1,072.87
2017-03-31 6,204.41 772.73 1,038.37
2016-12-31 6,040.44 723.03 53.40
2016-09-30 6,251.94 725.43 25.70
2016-06-30 6,669.60 708.30 865.00
2016-03-31 6,211.22 593.12 977.45
2015-12-31 6,619.12 640.06 1,461.77 1.53
2015-09-30 6,597.92 592.86 1,448.37 1.53
2015-06-30 6,512.80 608.10 818.60
2015-03-31 6,100.36 634.26
2014-12-31 6,386.04 699.37 1,207.50 72.61
2014-09-30 6,141.34 661.47 1,185.70 72.61
2014-06-30 5,978.00 662.60 652.60
2014-03-31 5,787.24 669.57 1,234.87 72.61
2013-12-31 5,786.47 638.43 1,269.45 72.28
2013-09-30 5,780.17 710.33 1,248.35 72.28
2013-06-30 5,703.57 690.23 1,245.15 72.28
2013-03-31 5,855.77 779.43 1,223.15 72.28
2012-12-31 5,900.25 803.93 1,152.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ingersoll-Rand (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ingersoll-Rand (India) used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Ingersoll-Rand (India) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ingersoll-Rand (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ingersoll-Rand (India) has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ingersoll-Rand (India)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ingersoll-Rand (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ingersoll-Rand (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ingersoll-Rand (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ingersoll-Rand (India)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are -1.6056036359018E+17x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ingersoll-Rand (India) Company Filings, last reported 2 months ago.

NSEI:INGERRAND Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 4,493.50 0.00 2,050.40
2019-06-30 4,185.58 0.00 1,150.97
2019-03-31 4,185.58 0.00 1,150.97
2018-12-31 3,919.00 0.00 1,195.70
2018-09-30 3,919.00 0.00 1,195.70
2018-06-30 11,284.83 0.00 7,700.02
2018-03-31 11,284.83 0.00 7,700.02
2017-12-31 10,852.70 0.00 7,039.70
2017-09-30 10,852.70 0.00 7,039.70
2017-06-30 10,615.61 0.00 6,730.21
2017-03-31 10,615.61 0.00 6,724.68
2016-12-31 10,324.70 0.00 5,802.40
2016-09-30 10,324.70 0.00 5,802.40
2016-06-30 9,966.70 0.00 4,764.10
2016-03-31 10,076.60 0.00 4,764.08
2015-12-31 9,819.30 0.00 4,913.10
2015-09-30 9,819.30 0.00 4,913.10
2015-06-30 9,572.20 0.00 4,176.00
2015-03-31 9,572.19 0.00 4,175.97
2014-12-31 9,454.70 0.00 4,609.90
2014-09-30 9,454.70 0.00 4,609.90
2014-06-30 9,146.00 0.00 4,170.00
2014-03-31 9,146.04 0.00 4,170.04
2013-12-31 9,021.90 0.00 4,652.50
2013-09-30 9,021.90 0.00 4,652.50
2013-06-30 8,698.07 0.00 4,730.04
2013-03-31 8,698.07 0.00 4,730.04
2012-12-31 8,532.40 0.00 4,859.80
  • Ingersoll-Rand (India)'s level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Ingersoll-Rand (India)'s debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Ingersoll-Rand (India) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Ingersoll-Rand (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ingersoll-Rand (India) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ingersoll-Rand (India)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.9%
Current annual income from Ingersoll-Rand (India) dividends.
If you bought ₹2,000 of Ingersoll-Rand (India) shares you are expected to receive ₹18 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ingersoll-Rand (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.59%).
  • Ingersoll-Rand (India)'s dividend is below the markets top 25% of dividend payers in India (2.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:INGERRAND Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1391 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:INGERRAND Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
NSEI:INGERRAND Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-11-05 6.000 0.949
2019-07-26 6.000 0.988
2019-02-08 6.000 1.001
2018-11-02 6.000 1.057
2018-05-10 6.000 1.064
2018-02-14 6.000 0.862
2017-11-08 6.000 0.752
2017-07-07 6.000 0.738
2017-05-23 6.000 0.728
2017-02-14 6.000 0.776
2016-11-22 6.000 0.892
2016-06-08 6.000 0.839
2016-02-04 6.000 0.919
2015-11-05 6.000 0.798
2015-09-01 6.000 0.781
2015-05-12 6.000 0.657
2015-02-04 6.000 0.611
2014-11-11 6.000 0.685
2014-09-12 6.000 0.789
2014-02-11 6.000 1.172
2013-11-07 6.000 1.624
2013-06-21 6.000 1.775
2013-05-03 6.000 1.517
2013-02-04 6.000 1.475
2012-11-05 6.000 1.257
2012-06-25 6.000 1.274
2012-05-03 6.000 1.309
2012-01-31 6.000 1.250
2011-10-21 6.000 1.425
2011-04-27 6.000 1.243
2011-02-08 6.000 1.382
2010-10-21 6.000 1.301
2010-05-31 6.000 1.457
2010-04-29 6.000 1.709
2010-01-28 6.000 1.716
2009-10-30 6.000 1.790
2009-06-01 6.000 1.948
2009-05-05 6.000 2.126
2009-01-29 6.000 2.393

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Ingersoll-Rand (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ingersoll-Rand (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ingersoll-Rand (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ingersoll-Rand (India) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ingersoll-Rand (India)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Amar Kaul
COMPENSATION ₹28,924,000
AGE 49
TENURE AS CEO 3.3 years
CEO Bio

Mr. Amar Kaul, B.Tech, serves as the Chairman of Ingersoll-Rand (India) Limited since November 21, 2016 and its Managing Director and Director since August 4, 2016. Mr. Kaul served as Manager of Ingersoll-Rand (India) Limited until August 4, 2016. He served as Vice President and General Manager of Air Solutions of Ingersoll-Rand (India) Ltd. from May 10, 2011 to August 4, 2016. Mr. Kaul served as Vice President and General Manager for Industrial Technologies Business in India at Ingersoll-Rand Company since May 2011. Mr. Kaul served as Senior Vice President of MCD II of Bharat Forge Ltd. He has 15 years of experience. He served at Tata Auto Plastic Systems for 9 months. He holds a B.Tech..

CEO Compensation
  • Amar's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Amar's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Ingersoll-Rand (India) management team in years:

2.2
Average Tenure
52
Average Age
  • The tenure for the Ingersoll-Rand (India) management team is about average.
Management Team

Amar Kaul

TITLE
Chairman & MD
COMPENSATION
₹29M
AGE
49
TENURE
3.3 yrs

P. Shubhakar

TITLE
GM of Corporate Finance
AGE
54
TENURE
19.3 yrs

Preeti Mohanty

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Evan Turtz

TITLE
Senior VP & General Counsel
TENURE
0.7 yrs

Vijay Kulhari

TITLE
Head of HR for Industrial Technologies
COMPENSATION
₹3M
AGE
45

Sudarshan Ananth

TITLE
Business Head of Climate Solutions - India Region & VP
TENURE
7.3 yrs

Gary Michel

TITLE
Senior VP and President of Residential HVAC & Supply
AGE
56
TENURE
2.9 yrs

Maria Blase

TITLE
President of Power Tools & Lifting
AGE
52
TENURE
0.6 yrs

Nick Kendall-Jones

TITLE
President of Precision Flow Systems
TENURE
0.6 yrs

Jason Bingham

TITLE
President of Residential HVAC & Supply
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Ingersoll-Rand (India) board of directors in years:

0.8
Average Tenure
61
Average Age
  • The average tenure for the Ingersoll-Rand (India) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Darius Shroff

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
75
TENURE
30.9 yrs

Amar Kaul

TITLE
Chairman & MD
COMPENSATION
₹29M
AGE
49
TENURE
3.1 yrs

Jayantika Dave

TITLE
Additional Independent & Non-Executive Director
COMPENSATION
₹1M
AGE
64
TENURE
0.8 yrs

Sekhar Natarajan

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
TENURE
3.4 yrs

Vijaya Sampath

TITLE
Additional Independent & Non-Executive Director
AGE
66
TENURE
0.8 yrs

Kumar St Paul

TITLE
Non-Executive Director
AGE
58
TENURE
0.8 yrs

Anil Gopinathan

TITLE
Non-Executive Director
AGE
51
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Ingersoll-Rand (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ingersoll-Rand (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Ingersoll-Rand (India) Limited's (NSE:INGERRAND) 1.0% Dividend Yield Looks Pretty Interesting

Dividend paying stocks like Ingersoll-Rand (India) Limited (NSE:INGERRAND) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … While Ingersoll-Rand (India)'s 1.0% dividend yield is not the highest, we think its lengthy payment history is quite interesting.

Simply Wall St -

Why You Should Like Ingersoll-Rand (India) Limited’s (NSE:INGERRAND) ROCE

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Investor Owns Most Of Ingersoll-Rand (India) Limited (NSE:INGERRAND)?

The big shareholder groups in Ingersoll-Rand (India) Limited (NSE:INGERRAND) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Ingersoll-Rand (India) is a smaller company with a market capitalization of ₹18b, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Should You Consider Ingersoll-Rand (India) Limited (NSE:INGERRAND)?

Help shape the future of investing tools and you could win a $250 gift card! … I've been keeping an eye on Ingersoll-Rand (India) Limited (NSE:INGERRAND) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe INGERRAND has a lot to offer.

Simply Wall St -

Despite Its High P/E Ratio, Is Ingersoll-Rand (India) Limited (NSE:INGERRAND) Still Undervalued?

Based on the last twelve months, Ingersoll-Rand (India)'s P/E ratio is 19.53. … How Do You Calculate Ingersoll-Rand (India)'s P/E Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Ingersoll-Rand (India) Limited's (NSE:INGERRAND) Recent Track Record Look Strong?

After looking at Ingersoll-Rand (India) Limited's (NSE:INGERRAND) latest earnings announcement (30 September 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … I also compare against an industry benchmark to check whether Ingersoll-Rand (India)'s performance has been impacted by industry movements. … INGERRAND's trailing twelve-month earnings (from 30 September 2018) of ₹965m has

Simply Wall St -

Ingersoll-Rand (India) Limited (NSE:INGERRAND) Delivered A Better ROE Than Its Industry

Ingersoll-Rand (India) has a ROE of 25%, based on the last twelve months. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.25 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Ingersoll-Rand (India) Limited (NSE:INGERRAND): A Look At Solid Capital Returns

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Ingersoll-Rand (India) is able to use capital to create earnings will help us understand your potential return. … Ingersoll-Rand (India)'s Return On Capital Employed

Simply Wall St -

Do Directors Own Ingersoll-Rand (India) Limited (NSE:INGERRAND) Shares?

The big shareholder groups in Ingersoll-Rand (India) Limited (NSE:INGERRAND) have power over the company. … Ingersoll-Rand (India) is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is Ingersoll-Rand (India) Limited (NSE:INGERRAND) Attractive At Its Current PE Ratio?

Ingersoll-Rand (India) Limited (NSE:INGERRAND) is trading with a trailing P/E of 16.9, which is lower than the industry average of 18.4. … While this makes INGERRAND appear like a good stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … View our latest analysis for Ingersoll-Rand (India)

Simply Wall St -

Company Info

Description

Ingersoll-Rand (India) Limited manufactures and sells industrial air compressors primarily in India. The company offers reciprocating, rotary screw, and centrifugal compressors; and refrigerated and desiccant dryers. It sells its products under the Club Car, Ingersoll Rand, Thermo King, Trane, American Standard, and ARO brand names, as well as other brands. The company serves automotive, metals, pharmaceutical, and textile sectors, as well as commercial, industrial, and residential markets. It also exports its products to the American, Asian, and European countries. The company was founded in 1921 and is based in Bengaluru, India. Ingersoll-Rand (India) Limited is a subsidiary of Ingersoll-Rand Company.

Details
Name: Ingersoll-Rand (India) Limited
INGERRAND
Exchange: NSEI
Founded: 1921
₹20,939,054,400
31,568,000
Website: http://www.ingersollrand.co.in
Address: Ingersoll-Rand (India) Limited
IBC Knowledge Park,
Tower D,
Bengaluru,
Karnataka, 560029,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500210 Equity Shares Mumbai Stock Exchange IN INR 15. Apr 1999
NSEI INGERRAND Equity Shares National Stock Exchange of India IN INR 15. Apr 1999
Number of employees
Current staff
Staff numbers
721
Ingersoll-Rand (India) employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/14 12:47
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2019/10/10
Last earnings filing: 2019/11/05
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.