Ingersoll-Rand (India)

Net sales (including other operating income) of Ingersoll-Rand (India) for the quarter ended Mar 2025 has increased 7.91% to Rs 322.34 crore.  Operating profit margin has jumped from 24.62% to 25.89%, leading to 13.50% rise in operating profit to Rs 83.46 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 53.89% to 54.55%.   Purchase of finished goods cost fell from 1.85% to 1.81%.   Employee cost decreased from 10.19% to 8.24%.   Other expenses rose from 9.17% to 10.25%.   

Other income fell 27.26% to Rs 11.5 crore.  PBIDT rose 6.29% to Rs 94.96 crore.  Provision for interest up 18.03% to Rs 0.72 crore.   PBDT rose 6.21% to Rs 94.24 crore.  Provision for depreciation down 4.68% to Rs 4.07 crore.   Profit before tax grew 6.76% to Rs 90.17 crore.  Provision for tax was expense of Rs 22.51 crore, compared to Rs 20.59 crore.  Effective tax rate was 24.96% compared to 24.38%. Profit after tax rose 5.93% to Rs 67.66 crore.  

Full year results analysis

Net sales (including other operating income) of Ingersoll-Rand (India) has increased 11.53% to Rs 1,336.29 crore.  Operating profit margin has jumped from 22.93% to 25.48%, leading to 23.91% rise in operating profit to Rs 340.49 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 55.80% to 53.84%.   Purchase of finished goods cost fell from 2.08% to 1.98%.   Employee cost decreased from 9.92% to 8.95%.   Other expenses rose from 9.37% to 9.80%.   

Other income fell 11.08% to Rs 38.29 crore.  PBIDT rose 19.17% to Rs 378.78 crore.  Provision for interest fell 34.30% to Rs 1.36 crore.  Loan funds rose to Rs 10.54 crore as of 31 March 2025 from Rs 6.08 crore as of 31 March 2024.  Inventories declined from Rs 174.74 crore as of 31 March 2024 to Rs 173.33 crore as of 31 March 2025.  Sundry debtors were higher at Rs 300.52 crore as of 31 March 2025 compared to Rs 243.94 crore as of 31 March 2024.  Cash and bank balance declined from Rs 222.92 crore as of 31 March 2024 to Rs 211.67 crore as of 31 March 2025.  

PBDT rose 19.52% to Rs 377.42 crore.  Provision for depreciation down 3.83% to Rs 17.06 crore.  Fixed assets increased to Rs 187.05 crore as of 31 March 2025 from Rs 145.75 crore as of 31 March 2024.  Intangible assets declined from Rs 0.10 crore to Rs 0.02 crore.  

Profit before tax grew 20.91% to Rs 360.36 crore.  Provision for tax was expense of Rs 92.83 crore, compared to Rs 75.65 crore.  Effective tax rate was 25.76% compared to 25.38%.

Profit after tax rose 20.30% to Rs 267.53 crore.  

Equity capital stood at Rs 31.57 crore as of 31 March 2025 to Rs 31.57 crore as of 31 March 2024.  Per share face Value remained same at Rs 10.00.  

Promoters' stake was 75.00% as of 31 March 2025 ,compared to 75.00% as of 31 March 2024 .  

Ingersoll-Rand (India) : Standalone Results

Quarter ended Year ended Particulars 202503 202403 Var.(%) 202503 202403 Var.(%) Net Sales (including other operating income) 322.34 298.70 7.91 1,336.29 1,198.14 11.53 OPM (%) 25.89 24.62 128 bps 25.48 22.93 255 bps OP 83.46 73.53 13.50 340.49 274.79 23.91 Other Inc. 11.50 15.81 -27.26 38.29 43.06 -11.08 PBIDT 94.96 89.34 6.29 378.78 317.85 19.17 Interest 0.72 0.61 18.03 1.36 2.07 -34.30 PBDT 94.24 88.73 6.21 377.42 315.78 19.52 Depreciation 4.07 4.27 -4.68 17.06 17.74 -3.83 PBT 90.17 84.46 6.76 360.36 298.04 20.91 PBT before EO 90.17 84.46 6.76 360.36 298.04 20.91 EO Income 0 0 - 0 0 - PBT after EO 90.17 84.46 6.76 360.36 298.04 20.91 Taxation 22.51 20.59 9.32 92.83 75.65 22.71 PAT 67.66 63.87 5.93 267.53 222.39 20.30 P/(L) from discontinued operations net of tax 0 0 - 0 0 - Net profit after discontinued operations 67.66 63.87 5.93 267.53 222.39 20.30 EPS (Rs)* 21.43 20.23 5.93 84.75 70.45 20.30 * EPS is on current equity of Rs 31.57 crore, Face value of Rs 10, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

Peer Comparision (Standalone)	Q-202503
	Sales (Rs. Crs)	var.(%)	OP (Rs. Crs)	var.(%)	Net Profit (Rs. Crs)	var.(%)	Share Price(Rs) 30-May-2025	var.(%) over One year	TTM EPS	TTM PE
Ingersoll-Rand (India) Ltd	322.34	7.91	83.46	13.5	67.66	5.93	3,921.10	-8.61	84.75	46.27
Elgi Equipments Ltd	580.20	7.46	124.80	4.43	99.20	7.15	535.30	-9.78	11.04	48.47
Kirloskar Pneumatic Company Ltd	582.66	18.92	102.23	36.65	83.48	25.93	1,254.35	10.89	32.98	38.04
Industry	1,485.20	11.79	310.49	15.92	250.34	12.39	34,273.82	-2.60		45.28