Ingersoll-Rand (India) Ltd. share price target

During the quarter, management reclassified Business support & auxiliary services from revenue to other income. We revise our FY27E EPS estimates by -1.4%, factoring in geopolitical and tariff related uncertainties for IR India's export business. Ingersoll-Rand India (INGR) reported a decent quarter with revenue growing by 7.9% YoY and EBITDA margin expanding by 128bps YoY to 25.9%. The greenfield capacity expansion, expected to be operational from Q1FY26, will drive the next phase of growth...

We revise our FY26/27E EPS estimates by +4.0%/-0.3%, factoring in continued strong domestic demand and better execution. Ingersoll-Rand India (INGR) reported a strong quarter with revenue growing by 17.0% YoY and EBITDA margin expanding by 484bps YoY to 27.6%. IR India is well-positioned for its next phase of growth, driven by a Rs1.7bn greenfield capacity expansion which is expected to be fully operational from Q1FY26 and advancements in...

BUY Ingersoll-Rand (India) Ltd CMP at Rs.712.4 and on Dips to band Rs. 650- 665 for the sequential Targets Rs. 793-848