Ingersoll-Rand (India) Ltd. is an Indian company engaged in the business of manufacturing and selling industrial air compressors of different capacities. It was incorporated in 1921, with its headquarters in Kolkata. For the June 2022 quarter, the company earned a total income of Rs 276.92 crore, up 22.77% from the previous quarter that ended in March 2022. On 31 October 2022, Ingersoll-Rand (India) Ltd.’s market capitalisation stood at Rs 6,910 crore.
The company is listed on the Bombay Stock Exchange with the code 500210, and on the National Stock Exchange with the code INGERRAND.
Ingersoll-Rand (India) is one of the first American investments in India. The global company provides products, services, and solutions to secure homes and commercial properties, enhance the quality and comfort of air in homes and buildings, increase industrial efficiency and productivity, and transport and protect food and perishables. It services various industries, including aerospace, consumer, engineering project solutions, chemicals, plastics and rubber, and electronics and semiconductors, among others.
On 30 September 2022, the company’s shareholding pattern highlighted a 75% promoter stake, a 0.57% FII stake, a 5.93% DII stake, and an 18.5% public stake. About 74% of the promoter holdings belong to Ingersoll-Rand Industrial U S Inc. In the September 2022 quarter, mutual fund holdings increased from 5.61% to 5.81%, and FII holdings increased from 0.45% to 0.57%. As of 30 September 2022, the number of mutual fund schemes was seven.
Mr Amar Kaul is the company’s chairman and managing director. The other leadership team members include Mr Naveen Samant, Mr P R Shubhakar, Mr Sekhar Natarajan, Ms Preeti Mohanty, Ms Vijaya Sampath, and Ms Jayantika Dave. The auditors are BSR & Co. LLP. As of 30 September 2022, the company had a total of 3.16 crore shares outstanding.
On 31 October 2022, the company’s share price closed at Rs 2,191.95 on BSE and at Rs 2,189.20 on NSE. The 52-week high for the share price was Rs 2,259.40, and the 52-week low for the share price was Rs 1,110. Investors earned a six-month return of 30.22% and a one-year return of 93.35%.
Ingersoll-Rand (India) Ltd. belongs to the industry of compressors. Its peers include WPIL Ltd., Dynamatic Technologies Ltd., Elgi Equipments Ltd., and Kirloskar Pneumatic Company Ltd.
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