The Discounted Cash Flow (DCF) valuation of Ingersoll-Rand (India) Ltd (INGERRAND.NS) is 1,570.44 INR. With the latest stock price at 4,160.70 INR, the upside of Ingersoll-Rand (India) Ltd based on DCF is -62.3%.

Is INGERRAND.NS a buy or a sell?

Based on the latest price of 4,160.70 INR and our DCF valuation, Ingersoll-Rand (India) Ltd (INGERRAND.NS) is a sell. Selling INGERRAND.NS stocks now will result in a potential gain of 62.3%.

	Range	Selected
WACC / Discount Rate	13.3% - 16.7%	15.0%
Long-term Growth Rate	3.0% - 5.0%	4.0%
Fair Price	1,305.41 - 2,006.56	1,570.44
Upside	-68.6% - -51.8%	-62.3%

4,160.70 INR

Stock Price

1,570.44 INR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

INGERRAND.NS DCF Valuation: Revenue & Expenses Forecast

(INR in millions)		Projections

	03-2025	03-2026	03-2027	03-2028	03-2029	03-2030

Revenue	13,363	16,007	18,686	21,598	25,117	27,778
% Growth	10%	20%	17%	16%	16%	11%

Cost of goods sold	(7,448)	(8,476)	(9,400)	(10,321)	(11,403)	(11,980)
% of Revenue	56%	53%	50%	48%	45%	43%

Selling, G&A expenses	(1,198)	(1,435)	(1,675)	(1,936)	(2,252)	(2,491)
% of Revenue	9%	9%	9%	9%	9%	9%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(1,113)	(1,333)	(1,556)	(1,799)	(2,092)	(2,314)
% of Revenue	8%	8%	8%	8%	8%	8%

Tax expense	(928)	(1,227)	(1,560)	(1,943)	(2,414)	(2,832)
Tax rate	26%	26%	26%	26%	26%	26%

Net profit	2,675	3,536	4,495	5,599	6,956	8,162
% Margin	20%	22%	24%	26%	28%	29%