Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Compressors Stocks in India

Compressors: Elgi Equipments Ltd owns the largest revenue base AND the fastest current growth.

Nifty Compressors Index — Constituents & Performance

The Compressors companies below are the listed Indian Compressors universe this page tracks — the same constituent set people search for as the Nifty Compressors index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Compressors moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 15% ahead of NIFTY 500. Earnings across its companies grew 12% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 26 weeks running.

FADING · −2 in 4w✓Price and the fundamentals both up1 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑26w · 3/3 >200d (+0) · 1/3 lead (−2) · EPS 2/3↑

2005001000202620252024202320222021 1161336 TRAILING 12-MONTH EPS · 100 AT THE START0100204Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 115, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 146, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 163, against 100 at the start · up 77.1% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 173, against 100 at the start · up 69.9% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 174, against 100 at the start · up 47.6% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 134, against 100 at the start · up 21.8% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 139, against 100 at the start · up 12.9% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 159, against 100 at the start · up 10.4% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 160, against 100 at the start · up 16.9% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 177, against 100 at the start · up 20.3% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 176, against 100 at the start · up 14.8% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 167, against 100 at the start · up 9.7% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 174, against 100 at the start · up 0.6% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 204, against 100 at the start · up 21.1% on a year ago · 3 reportingJun 2022 · too few reporting — 2 of the Compressors filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two204 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000202620252024202320222021 1161336 TRAILING 12-MONTH EPS · 100 AT THE START0100204Mar 23Mar 24Mar 25Mar 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 115, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 146, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 163, against 100 at the start · up 77.1% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 173, against 100 at the start · up 69.9% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 174, against 100 at the start · up 47.6% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 134, against 100 at the start · up 21.8% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 139, against 100 at the start · up 12.9% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 159, against 100 at the start · up 10.4% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 160, against 100 at the start · up 16.9% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 177, against 100 at the start · up 20.3% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 176, against 100 at the start · up 14.8% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 167, against 100 at the start · up 9.7% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 174, against 100 at the start · up 0.6% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 204, against 100 at the start · up 21.1% on a year ago · 3 reportingJun 2022 · too few reporting — 2 of the Compressors filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two204No earnings on file this far back — the price series reaches further than the filings do
Compressors, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together1 of 3 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +11 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/1−1
Mid 0/1−1
Small 1/10

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Compressors outperforming NIFTY 500?

The 52-week comparison of Compressors against NIFTY 500 is not available from the current market series. 4 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Kirloskar Pneumatic Company Ltd is the strongest against the sector itself at -1%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
4/4Stocks leading NIFTY 500
0/3Stocks leading sector

Sector metric: 42.7 as of 2026-07-19 · NARROWING · rising.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 4 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Elgi Equipments Ltd leads with revenue of ₹3,951 crore, based on 4 of 5 comparable companies through Mar 2026. Elgi Equipments Ltd has the fastest current revenue growth at 12.5%, across 4 of 5 comparable companies.

Is the Compressors sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 4 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Compressors company is largest by revenue?

Elgi Equipments Ltd leads with revenue of ₹3,951 crore, based on 4 of 5 comparable companies through Mar 2026.

Which Compressors company is growing fastest?

Elgi Equipments Ltd has the fastest current revenue growth at 12.5%, across 4 of 5 comparable companies.

Which Compressors company has the strongest 4-Factor Sector Score?

Kirloskar Pneumatic Company Ltd ranks first at 56.3/100 with 93% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Compressors company has the least gross debt?

Veljan Denison Ltd has the lowest comparable gross debt at ₹1 crore. Elgi Equipments Ltd has the highest at ₹533 crore.

Which Compressors company has the lowest comparable PEG?

Elgi Equipments Ltd has the lowest comparable Guarded PEG at 1.29, among 3 of 5 companies that pass the metric’s comparability rules.

How much history does this Compressors comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
5
complete canonical membership
Combined market value
₹43.2K Cr
Elgi Equipments Ltd
Revenue growing
4/4
positive TTM year-on-year growth
Beating NIFTY 500
4/4
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Kirloskar Pneumatic Company Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 93% evidence confidence.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Kirloskar Pneumatic Company Ltd · KIRLPNU

56.3/100 · Mixed-positive evidence · 93% evidence

Exact sum: 26.7 + 14.3 + 5.9 + 9.4 = 56.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

26.7/35Growth & earnings

Revenue 9.7% · PAT 25.2% · OPM change 3 pp

100% evidence

14.3/25Capital efficiency

ROCE 29.6% · debt/equity 0×

100% evidence

5.9/20Valuation

P/E 37× · PEG 2.73

65% evidence

9.4/20Relative strength

RS sector -1% · RS bench 31.2% · 1Y 15.1%

100% evidence

2. Elgi Equipments Ltd · ELGIEQUIP

50.4/100 · Mixed-positive evidence · 96% evidence

Exact sum: 19.6 + 12.3 + 13.5 + 5 = 50.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.6/35Growth & earnings

Revenue 12.5% · PAT 22.5% · OPM change 1 pp

88% evidence

12.3/25Capital efficiency

ROCE 22.1% · debt/equity 0.24×

100% evidence

13.5/20Valuation

P/E 47× · PEG 1.29

100% evidence

5.0/20Relative strength

RS sector -16.2% · RS bench 12.2% · 1Y 6%

100% evidence

3. Veljan Denison Ltd · VELJAN

50.2/100 · Mixed-positive evidence · 68% evidence

Exact sum: 14.4 + 13.5 + 9.8 + 12.5 = 50.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.4/35Growth & earnings

Revenue 5.4% · PAT 8.8% · OPM change -0.2 pp

83% evidence

13.5/25Capital efficiency

ROCE 14.9% · debt/equity 0×

95% evidence

9.8/20Valuation

P/E 30.4× · PEG —

50% evidence

12.5/20Relative strength

RS sector — · RS bench 50.4% · 1Y —

25% evidence

4. Ingersoll-Rand (India) Ltd · INGERRAND

29.5/100 · Adverse evidence · 96% evidence

Exact sum: 5.1 + 18.4 + 1 + 5 = 29.5

Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.

5.1/35Growth & earnings

Revenue 3.6% · PAT -4.5% · OPM change -3 pp

88% evidence

18.4/25Capital efficiency

ROCE 57.1% · debt/equity 0.01×

100% evidence

1.0/20Valuation

P/E 52.1× · PEG 3.23

100% evidence

5.0/20Relative strength

RS sector -13.1% · RS bench 16.3% · 1Y 10.1%

100% evidence

5. Airfloa Rail Technology Ltd · AIRFLOA

54.9/100 · Thin evidence · provisional · 23% evidence

Exact sum: 18.1 + 15.3 + 11.5 + 10 = 54.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.1/35Growth & earnings

Revenue — · PAT — · OPM change -2 pp

15% evidence

15.3/25Capital efficiency

ROCE 31.9% · debt/equity 0.27×

60% evidence

11.5/20Valuation

P/E 23.5× · PEG —

15% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Elgi Equipments Ltd has the highest Revenue among the 5 Compressors companies compared here, at ₹3,951 crore. Kirloskar Pneumatic Company Ltd is next at ₹1,808 crore. The same company also holds the highest Revenue growth, at 12.5%. 4 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Elgi Equipments Ltd is the scale leader at ₹3,951 crore, 118.5% ahead of Kirloskar Pneumatic Company Ltd. Elgi Equipments Ltd's growth is 12.5% from a ₹3,951 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderElgi Equipments Ltd · ₹3,951 crore
Gap118.5% versus #2 · Kirloskar Pneumatic Company Ltd
Persistence8/8 recent comparable periods
Coverage4/5 companies · 74 observations

Investor read: Elgi Equipments Ltd is the scale benchmark; Elgi Equipments Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Elgi Equipments Ltd's growth falls below Elgi Equipments Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Elgi Equipments Ltd ELGIEQUIP₹4.0K Cr
2Kirloskar Pneumatic Company Ltd KIRLPNU₹1.8K Cr
3Ingersoll-Rand (India) Ltd INGERRAND₹1.4K Cr
4Veljan Denison Ltd VELJAN⚠ unverified₹164 Cr
Revenue growthfastest growers
1Elgi Equipments Ltd ELGIEQUIP13%
2Kirloskar Pneumatic Company Ltd KIRLPNU9.7%
3Veljan Denison Ltd VELJAN⚠ unverified5.4%
4Ingersoll-Rand (India) Ltd INGERRAND3.6%
Revenue · company comparison
4/5 level · 4/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Elgi Equipments Ltd ELGIEQUIP₹1.1K Cr12%Mar 2026
Kirloskar Pneumatic Company Ltd KIRLPNU₹303 Cr7.5%Jun 2026
Ingersoll-Rand (India) Ltd INGERRAND₹300 Cr-6.8%Mar 2026
Airfloa Rail Technology Ltd AIRFLOA₹91 Cr7.1%Sep 2025
Veljan Denison Ltd VELJAN⚠ unverified₹46 Cr11%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
—
—
—
—
—
—
—
—
—
—
₹85 Cr
—
₹107 Cr
—
₹91 Cr
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

₹652 Cr
₹656 Cr
₹728 Cr
₹694 Cr
₹448 Cr
₹772 Cr
₹836 Cr
₹724 Cr
₹806 Cr
₹822 Cr
₹866 Cr
₹801 Cr
₹869 Cr
₹848 Cr
₹993 Cr
₹867 Cr
₹968 Cr
₹1.0K Cr
₹1.1K Cr
—

Ingersoll-Rand (India) Ltd · INGERRAND

₹249 Cr
₹245 Cr
₹222 Cr
₹273 Cr
₹254 Cr
₹319 Cr
₹304 Cr
₹305 Cr
₹276 Cr
₹329 Cr
₹299 Cr
₹318 Cr
₹322 Cr
₹382 Cr
₹322 Cr
₹315 Cr
₹322 Cr
₹455 Cr
₹300 Cr
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

₹227 Cr
₹227 Cr
₹398 Cr
₹272 Cr
₹295 Cr
₹312 Cr
₹360 Cr
₹242 Cr
₹282 Cr
₹309 Cr
₹490 Cr
₹275 Cr
₹431 Cr
₹343 Cr
₹592 Cr
₹282 Cr
₹386 Cr
₹407 Cr
₹712 Cr
₹303 Cr

Veljan Denison Ltd · VELJAN⚠ unverified

—
—
—
—
—
—
₹30 Cr
₹32 Cr
₹34 Cr
₹35 Cr
₹37 Cr
₹37 Cr
₹37 Cr
₹40 Cr
₹41 Cr
₹43 Cr
₹39 Cr
₹37 Cr
₹46 Cr
—

Revenue growth · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
7.1%
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

—
—
—
42%
-31%
18%
15%
4.3%
80%
6.5%
3.6%
11%
7.8%
3.2%
15%
8.2%
11%
18%
12%
—

Ingersoll-Rand (India) Ltd · INGERRAND

—
—
—
41%
2.0%
30%
37%
12%
8.7%
3.1%
-1.6%
4.3%
17%
16%
7.7%
-0.9%
0.0%
19%
-6.8%
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

—
—
—
—
30%
37%
-9.6%
-11%
-4.4%
-1.0%
36%
14%
53%
11%
21%
2.6%
-10%
19%
20%
7.5%

Veljan Denison Ltd · VELJAN⚠ unverified

—
—
—
—
—
—
—
—
—
—
21%
15%
10%
14%
13%
16%
3.5%
-7.7%
11%
—
02 · compare level, then change

Operating Economics & Margin Trend

Airfloa Rail Technology Ltd has the highest OPM among the 5 Compressors companies compared here, at 24%. Ingersoll-Rand (India) Ltd is next at 23%. Kirloskar Pneumatic Company Ltd has the highest Margin change at +3 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Sep 2025.

What the numbers say: Airfloa Rail Technology Ltd leads opm at 24%; Kirloskar Pneumatic Company Ltd leads margin change at +3 percentage points.

LeaderAirfloa Rail Technology Ltd · 24%
Gap4.3% versus #2 · Ingersoll-Rand (India) Ltd
Persistence0/1 recent comparable periods
Coverage5/5 companies · 80 observations

Investor read: Airfloa Rail Technology Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Airfloa Rail Technology Ltd AIRFLOA · older report24%
2Ingersoll-Rand (India) Ltd INGERRAND23%
3Veljan Denison Ltd VELJAN⚠ unverified23%
4Elgi Equipments Ltd ELGIEQUIP16%
5Kirloskar Pneumatic Company Ltd KIRLPNU15%
Margin changefastest expanders
1Kirloskar Pneumatic Company Ltd KIRLPNU+3.0 pp
2Elgi Equipments Ltd ELGIEQUIP+1.0 pp
3Veljan Denison Ltd VELJAN⚠ unverified−0.2 pp
4Airfloa Rail Technology Ltd AIRFLOA · older report−2.0 pp
5Ingersoll-Rand (India) Ltd INGERRAND−3.0 pp
Operating margin · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Airfloa Rail Technology Ltd AIRFLOA24%−2.0 ppSep 2025
Ingersoll-Rand (India) Ltd INGERRAND23%−3.0 ppMar 2026
Veljan Denison Ltd VELJAN⚠ unverified22%−0.2 ppMar 2026
Elgi Equipments Ltd ELGIEQUIP16%+1.0 ppMar 2026
Kirloskar Pneumatic Company Ltd KIRLPNU15%+3.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
—
—
—
—
—
—
—
—
—
—
26%
—
24%
—
24%
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

12%
11%
15%
11%
18%
15%
15%
12%
18%
16%
14%
14%
16%
14%
15%
14%
14%
14%
16%
—

Ingersoll-Rand (India) Ltd · INGERRAND

15%
16%
18%
16%
18%
21%
30%
23%
24%
23%
25%
26%
25%
27%
26%
24%
24%
25%
23%
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

10%
9.7%
20%
10%
13%
16%
13%
11%
11%
17%
19%
14%
22%
14%
19%
12%
15%
15%
26%
15%

Veljan Denison Ltd · VELJAN⚠ unverified

28%
28%
28%
24%
24%
23%
14%
28%
22%
24%
23%
23%
25%
25%
23%
25%
26%
23%
22%
—

Margin change · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−2.0 pp
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

−1.5 pp
+0.0 pp
+1.6 pp
+4.7 pp
+5.7 pp
+3.8 pp
+0.4 pp
+0.7 pp
0.0 pp
+1.0 pp
−1.0 pp
+2.0 pp
−2.0 pp
−2.0 pp
+1.0 pp
0.0 pp
−2.0 pp
0.0 pp
+1.0 pp
—

Ingersoll-Rand (India) Ltd · INGERRAND

−2.6 pp
−1.7 pp
−3.2 pp
−2.5 pp
+3.5 pp
+5.0 pp
+11.9 pp
+6.9 pp
+6.0 pp
+2.0 pp
−5.0 pp
+3.0 pp
+1.0 pp
+4.0 pp
+1.0 pp
−2.0 pp
−1.0 pp
−2.0 pp
−3.0 pp
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

−0.6 pp
−4.8 pp
+2.1 pp
+0.4 pp
+3.4 pp
+6.3 pp
−6.5 pp
+0.7 pp
−2.5 pp
+1.0 pp
+6.0 pp
+3.0 pp
+11.0 pp
−3.0 pp
0.0 pp
−2.0 pp
−7.0 pp
+1.0 pp
+7.0 pp
+3.0 pp

Veljan Denison Ltd · VELJAN⚠ unverified

+5.6 pp
+14.8 pp
+3.2 pp
+6.8 pp
−3.6 pp
−5.8 pp
−13.6 pp
+3.6 pp
−2.1 pp
+1.5 pp
+8.8 pp
−5.1 pp
+2.4 pp
+0.8 pp
−0.7 pp
+2.9 pp
+1.4 pp
−2.0 pp
−0.2 pp
—
03 · compare level, then change

Profit Scale & Acceleration

Elgi Equipments Ltd has the highest Net profit among the 5 Compressors companies compared here, at ₹430 crore. Kirloskar Pneumatic Company Ltd is next at ₹263 crore. Kirloskar Pneumatic Company Ltd has the highest Profit growth at 25.2%, so level and change sit with different companies. 4 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Elgi Equipments Ltd leads with ₹430 crore of TTM profit, 63.5% above Kirloskar Pneumatic Company Ltd. Kirloskar Pneumatic Company Ltd shows 25.2% growth from a ₹263 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderElgi Equipments Ltd · ₹430 crore
Gap63.5% versus #2 · Kirloskar Pneumatic Company Ltd
Persistence7/8 recent comparable periods
Coverage4/5 companies · 74 observations

Investor read: Elgi Equipments Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Elgi Equipments Ltd ELGIEQUIP₹430 Cr
2Kirloskar Pneumatic Company Ltd KIRLPNU₹263 Cr
3Ingersoll-Rand (India) Ltd INGERRAND₹256 Cr
4Veljan Denison Ltd VELJAN⚠ unverified₹26 Cr
Profit growthfastest growers
1Kirloskar Pneumatic Company Ltd KIRLPNU25%
2Elgi Equipments Ltd ELGIEQUIP23%
3Veljan Denison Ltd VELJAN⚠ unverified8.9%
4Ingersoll-Rand (India) Ltd INGERRAND-4.5%
Net profit · company comparison
4/5 level · 4/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Elgi Equipments Ltd ELGIEQUIP₹128 Cr25%Mar 2026
Ingersoll-Rand (India) Ltd INGERRAND₹65 Cr-4.4%Mar 2026
Kirloskar Pneumatic Company Ltd KIRLPNU₹33 Cr32%Jun 2026
Airfloa Rail Technology Ltd AIRFLOA₹12 Cr20%Sep 2025
Veljan Denison Ltd VELJAN⚠ unverified₹7 Cr13%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
—
—
—
—
—
—
—
—
—
—
₹10 Cr
—
₹16 Cr
—
₹12 Cr
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

₹52 Cr
₹42 Cr
₹73 Cr
₹49 Cr
₹73 Cr
₹80 Cr
₹170 Cr
₹60 Cr
₹91 Cr
₹84 Cr
₹76 Cr
₹73 Cr
₹95 Cr
₹81 Cr
₹102 Cr
₹86 Cr
₹121 Cr
₹95 Cr
₹128 Cr
—

Ingersoll-Rand (India) Ltd · INGERRAND

₹26 Cr
₹29 Cr
₹29 Cr
₹32 Cr
₹35 Cr
₹48 Cr
₹67 Cr
₹54 Cr
₹50 Cr
₹55 Cr
₹64 Cr
₹62 Cr
₹60 Cr
₹78 Cr
₹68 Cr
₹59 Cr
₹60 Cr
₹72 Cr
₹65 Cr
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

₹11 Cr
₹12 Cr
₹54 Cr
₹16 Cr
₹27 Cr
₹33 Cr
₹32 Cr
₹18 Cr
₹20 Cr
₹35 Cr
₹60 Cr
₹27 Cr
₹68 Cr
₹37 Cr
₹80 Cr
₹25 Cr
₹44 Cr
₹42 Cr
₹144 Cr
₹33 Cr

Veljan Denison Ltd · VELJAN⚠ unverified

—
—
—
—
—
—
₹2 Cr
₹6 Cr
₹5 Cr
₹6 Cr
₹6 Cr
₹5 Cr
₹6 Cr
₹7 Cr
₹6 Cr
₹7 Cr
₹7 Cr
₹5 Cr
₹7 Cr
—

Profit growth · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
20%
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

—
—
—
308%
40%
90%
133%
22%
25%
5.0%
-55%
22%
4.4%
-3.6%
34%
18%
27%
17%
25%
—

Ingersoll-Rand (India) Ltd · INGERRAND

—
—
—
23%
35%
66%
131%
69%
43%
15%
-4.5%
15%
20%
42%
6.3%
-4.8%
0.0%
-7.7%
-4.4%
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

—
—
—
—
145%
175%
-41%
13%
-26%
6.1%
88%
50%
240%
5.7%
33%
-7.4%
-35%
14%
80%
32%

Veljan Denison Ltd · VELJAN⚠ unverified

—
—
—
—
—
—
—
—
—
—
178%
-14%
29%
17%
6.0%
44%
9.9%
-23%
13%
—
04 · not available

Capacity Spending & Returns On It

No company in this Compressors comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 5 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Veljan Denison Ltd has the lowest Gross debt among the 5 Compressors companies compared here, at ₹1 crore. Kirloskar Pneumatic Company Ltd is next at ₹3 crore. Kirloskar Pneumatic Company Ltd has the lowest Net debt at ₹454 crore net cash, so level and change sit with different companies.

What the numbers say: Kirloskar Pneumatic Company Ltd has the clearest covered balance-sheet capacity with ₹454 crore net cash and gross debt of ₹3 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderVeljan Denison Ltd · ₹1 crore
Gap66.7% versus #2 · Kirloskar Pneumatic Company Ltd
Persistence8/8 recent comparable periods
Coverage5/5 companies · 82 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Veljan Denison Ltd VELJAN⚠ unverified₹1 Cr
2Kirloskar Pneumatic Company Ltd KIRLPNU₹3 Cr
3Ingersoll-Rand (India) Ltd INGERRAND₹9 Cr
4Airfloa Rail Technology Ltd AIRFLOA · older report₹57 Cr
5Elgi Equipments Ltd ELGIEQUIP₹533 Cr
Net debtlowest net debt
1Kirloskar Pneumatic Company Ltd KIRLPNU₹-454 Cr
2Elgi Equipments Ltd ELGIEQUIP₹-396 Cr
3Ingersoll-Rand (India) Ltd INGERRAND₹-151 Cr
4Veljan Denison Ltd VELJAN⚠ unverified₹-63 Cr
Debt and balance-sheet capacity · company comparison
5/5 level · 4/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Elgi Equipments Ltd ELGIEQUIP₹533 Cr₹-396 CrMar 2026
Airfloa Rail Technology Ltd AIRFLOA₹57 Cr—Sep 2025
Ingersoll-Rand (India) Ltd INGERRAND₹9 Cr₹-151 CrMar 2026
Kirloskar Pneumatic Company Ltd KIRLPNU₹3 Cr₹-454 CrJun 2026
Veljan Denison Ltd VELJAN⚠ unverified₹1 Cr₹-63 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
₹71 Cr
—
—
—
₹60 Cr
—
—
—
₹64 Cr
—
—
—
₹60 Cr
—
₹57 Cr
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

₹500 Cr
₹500 Cr
₹436 Cr
₹437 Cr
₹677 Cr
₹677 Cr
₹577 Cr
₹577 Cr
₹623 Cr
₹623 Cr
₹638 Cr
₹638 Cr
₹521 Cr
₹521 Cr
₹577 Cr
₹577 Cr
₹528 Cr
₹528 Cr
₹533 Cr
—

Ingersoll-Rand (India) Ltd · INGERRAND

₹7 Cr
₹7 Cr
₹8 Cr
₹8 Cr
₹6 Cr
₹6 Cr
₹5 Cr
₹5 Cr
₹3 Cr
₹3 Cr
₹6 Cr
₹6 Cr
₹5 Cr
₹5 Cr
₹11 Cr
₹11 Cr
₹10 Cr
₹10 Cr
₹9 Cr
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

₹33 Cr
₹33 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹11 Cr
₹11 Cr
₹9 Cr
₹9 Cr
₹3 Cr
₹3 Cr

Veljan Denison Ltd · VELJAN⚠ unverified

₹0 Cr
₹0 Cr
₹7 Cr
₹7 Cr
₹6 Cr
₹6 Cr
₹9 Cr
₹9 Cr
₹9 Cr
₹9 Cr
₹7 Cr
₹7 Cr
₹4 Cr
₹4 Cr
₹8 Cr
₹8 Cr
₹8 Cr
₹8 Cr
₹1 Cr
—

Net debt · reported quarter history

Elgi Equipments Ltd · ELGIEQUIP

₹159 Cr
₹159 Cr
₹184 Cr
₹184 Cr
₹226 Cr
₹226 Cr
₹9 Cr
₹9 Cr
₹-8 Cr
₹-8 Cr
₹-102 Cr
₹-101 Cr
₹-122 Cr
₹-122 Cr
₹-296 Cr
₹-296 Cr
₹-332 Cr
₹-332 Cr
₹-396 Cr
—

Ingersoll-Rand (India) Ltd · INGERRAND

₹-288 Cr
₹-288 Cr
₹-284 Cr
₹-284 Cr
₹-282 Cr
₹-282 Cr
₹-268 Cr
₹-268 Cr
₹-299 Cr
₹-299 Cr
₹-214 Cr
₹-214 Cr
₹-285 Cr
₹-285 Cr
₹-198 Cr
₹-198 Cr
₹-211 Cr
₹-211 Cr
₹-151 Cr
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

₹-211 Cr
₹-211 Cr
₹-161 Cr
₹-161 Cr
₹-162 Cr
₹-162 Cr
₹-190 Cr
₹-190 Cr
₹-193 Cr
₹-193 Cr
₹-274 Cr
₹-274 Cr
₹-255 Cr
₹-255 Cr
₹-339 Cr
₹-339 Cr
₹-419 Cr
₹-419 Cr
₹-454 Cr
₹-454 Cr

Veljan Denison Ltd · VELJAN⚠ unverified

₹-44 Cr
₹-44 Cr
₹-38 Cr
₹-38 Cr
₹-33 Cr
₹-33 Cr
₹-31 Cr
₹-31 Cr
₹-38 Cr
₹-38 Cr
₹-33 Cr
₹-33 Cr
₹-37 Cr
₹-37 Cr
₹-40 Cr
₹-40 Cr
₹-39 Cr
₹-39 Cr
₹-63 Cr
—
06 · compare level, then change

Return On Capital Employed

Ingersoll-Rand (India) Ltd has the highest ROCE among the 5 Compressors companies compared here, at 57.1%. Airfloa Rail Technology Ltd is next at 31.9%. Airfloa Rail Technology Ltd has the highest ROCE change at +3 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ingersoll-Rand (India) Ltd leads ROCE at 57.1%, 25.2 percentage points above Airfloa Rail Technology Ltd. Airfloa Rail Technology Ltd has the strongest latest improvement at +3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderIngersoll-Rand (India) Ltd · 57.1%
Gap79% versus #2 · Airfloa Rail Technology Ltd
Persistence6/8 recent comparable periods
Coverage5/5 companies · 62 observations

Investor read: Ingersoll-Rand (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Ingersoll-Rand (India) Ltd INGERRAND57%
2Airfloa Rail Technology Ltd AIRFLOA · older report32%
3Kirloskar Pneumatic Company Ltd KIRLPNU30%
4Elgi Equipments Ltd ELGIEQUIP22%
5Veljan Denison Ltd VELJAN⚠ unverified15%
ROCE changefastest improvers
1Airfloa Rail Technology Ltd AIRFLOA · older report+3.0 pp
2Kirloskar Pneumatic Company Ltd KIRLPNU+2.2 pp
3Veljan Denison Ltd VELJAN⚠ unverified−0.5 pp
4Elgi Equipments Ltd ELGIEQUIP−2.2 pp
5Ingersoll-Rand (India) Ltd INGERRAND−5.3 pp
Return on capital · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Ingersoll-Rand (India) Ltd INGERRAND51%−5.3 ppMar 2026
Kirloskar Pneumatic Company Ltd KIRLPNU29%+2.2 ppJun 2026
Elgi Equipments Ltd ELGIEQUIP21%−2.2 ppMar 2026
Veljan Denison Ltd VELJAN⚠ unverified13%−0.5 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Elgi Equipments Ltd · ELGIEQUIP

18%
—
19%
—
24%
—
24%
41%
26%
42%
24%
31%
24%
29%
23%
29%
22%
30%
21%
—

Ingersoll-Rand (India) Ltd · INGERRAND

27%
—
26%
—
28%
—
40%
—
45%
51%
48%
53%
47%
56%
56%
59%
51%
53%
51%
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

15%
—
16%
—
19%
—
16%
—
14%
18%
18%
22%
23%
27%
23%
27%
19%
23%
25%
29%

Veljan Denison Ltd · VELJAN⚠ unverified

8.8%
—
12%
—
14%
—
11%
—
11%
14%
13%
15%
13%
16%
13%
16%
14%
15%
13%
—

ROCE change · reported quarter history

Elgi Equipments Ltd · ELGIEQUIP

—
—
—
—
+6.1 pp
—
+5.3 pp
—
+1.9 pp
—
−0.2 pp
−10.1 pp
−1.4 pp
−12.8 pp
−0.9 pp
−1.7 pp
−2.5 pp
+0.8 pp
−2.2 pp
—

Ingersoll-Rand (India) Ltd · INGERRAND

—
—
—
—
+1.7 pp
—
+14.8 pp
—
+16.7 pp
—
+7.1 pp
—
+2.3 pp
+4.6 pp
+8.5 pp
+6.0 pp
+3.9 pp
−2.8 pp
−5.3 pp
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

—
—
—
—
+3.6 pp
—
+0.7 pp
—
−4.6 pp
—
+1.3 pp
—
+8.7 pp
+9.2 pp
+5.6 pp
+5.1 pp
−4.3 pp
−4.5 pp
+2.3 pp
+2.2 pp

Veljan Denison Ltd · VELJAN⚠ unverified

—
—
—
—
+4.9 pp
—
−1.3 pp
—
−2.4 pp
—
+2.6 pp
—
+1.6 pp
+1.9 pp
0.0 pp
+1.3 pp
+0.9 pp
−0.6 pp
−0.5 pp
—
07 · compare level, then change

Valuation Against Growth & Quality

Elgi Equipments Ltd has the lowest Guarded PEG among the 5 Compressors companies compared here, at 1.29×. Kirloskar Pneumatic Company Ltd is next at 2.73×. Airfloa Rail Technology Ltd has the lowest P/E at 23.5×, so level and change sit with different companies. 3 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Elgi Equipments Ltd has the lowest comparable Guarded PEG at 1.29×, 52.7% below Kirloskar Pneumatic Company Ltd. Only 3 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderElgi Equipments Ltd · 1.29×
Gap52.7% versus #2 · Kirloskar Pneumatic Company Ltd
Persistence0/8 recent comparable periods
Coverage3/5 companies · 26 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Elgi Equipments Ltd ELGIEQUIP1.3
2Kirloskar Pneumatic Company Ltd KIRLPNU2.7
3Ingersoll-Rand (India) Ltd INGERRAND3.2
P/Elowest P/E
1Airfloa Rail Technology Ltd AIRFLOA · older report23.5
2Veljan Denison Ltd VELJAN⚠ unverified30.4
3Kirloskar Pneumatic Company Ltd KIRLPNU37.0
4Elgi Equipments Ltd ELGIEQUIP47.0
5Ingersoll-Rand (India) Ltd INGERRAND52.1
Valuation · company comparison
3/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Ingersoll-Rand (India) Ltd INGERRAND3.240.4Mar 2026
Kirloskar Pneumatic Company Ltd KIRLPNU2.748.1Jun 2026
Elgi Equipments Ltd ELGIEQUIP1.336.2Mar 2026
Veljan Denison Ltd VELJAN⚠ unverified—14.8Mar 2026
Airfloa Rail Technology Ltd AIRFLOA—22.4Sep 2025
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Elgi Equipments Ltd · ELGIEQUIP

—
3.2
—
—
1.7
—
—
1.9
—
—
—
—
4.8
—
—
3.9
3.6
2.0
1.3
—

Ingersoll-Rand (India) Ltd · INGERRAND

—
0.9
3.8
0.8
—
—
—
—
—
3.0
—
3.0
4.4
5.3
7.3
—
3.2
—
—
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

—
—
10.6
2.8
4.7
3.1
—
4.0
7.4
—
—
8.2
—
58.0
—
—
—
2.7
—
—

P/E · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
22.4
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

53.6
66.9
59.2
69.6
62.2
56.5
50.7
46.3
42.3
43.0
47.0
73.0
65.1
55.4
47.1
48.5
42.4
37.7
36.2
—

Ingersoll-Rand (India) Ltd · INGERRAND

34.2
37.6
46.7
40.9
60.1
48.4
57.1
49.4
45.2
45.0
51.5
64.9
56.8
54.6
42.8
44.9
47.8
40.2
40.4
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

67.4
80.6
79.5
76.0
106.9
102.8
105.3
121.4
124.1
113.5
132.7
252.9
252.6
289.9
222.5
268.4
36.6
35.2
35.1
48.1

Veljan Denison Ltd · VELJAN⚠ unverified

19.3
15.7
15.2
11.4
14.7
15.2
17.2
17.5
27.8
26.8
49.0
37.5
33.7
24.1
17.8
23.1
19.9
20.5
14.8
—
08 · compare level, then change

Enterprise Value & Book Value

Veljan Denison Ltd has the lowest EV/EBITDA among the 5 Compressors companies compared here, at 8×. Airfloa Rail Technology Ltd is next at 17.4×. The same company also holds the lowest P/BV, at 3.13×. 5 of 5 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.

What the numbers say: Veljan Denison Ltd leads both ev/ebitda at 8× and p/bv at 3.13×.

LeaderVeljan Denison Ltd · 8×
Gap54% versus #2 · Airfloa Rail Technology Ltd
Persistence0/8 recent comparable periods
Coverage5/5 companies · 78 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Veljan Denison Ltd VELJAN⚠ unverified8.0
2Airfloa Rail Technology Ltd AIRFLOA · older report17.4
3Elgi Equipments Ltd ELGIEQUIP21.8
4Ingersoll-Rand (India) Ltd INGERRAND28.2
5Kirloskar Pneumatic Company Ltd KIRLPNU33.1
P/BVlowest P/BV
1Veljan Denison Ltd VELJAN⚠ unverified3.1
2Airfloa Rail Technology Ltd AIRFLOA · older report3.2
3Kirloskar Pneumatic Company Ltd KIRLPNU7.8
4Elgi Equipments Ltd ELGIEQUIP8.2
5Ingersoll-Rand (India) Ltd INGERRAND22.3
Enterprise and book valuation · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Kirloskar Pneumatic Company Ltd KIRLPNU33.111.2Jun 2026
Ingersoll-Rand (India) Ltd INGERRAND28.217.2Mar 2026
Elgi Equipments Ltd ELGIEQUIP21.87.5Mar 2026
Airfloa Rail Technology Ltd AIRFLOA17.4—Sep 2025
Veljan Denison Ltd VELJAN⚠ unverified8.01.6Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Airfloa Rail Technology Ltd · AIRFLOA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
17.4
—
—
—

Elgi Equipments Ltd · ELGIEQUIP

25.2
32.8
28.9
36.2
34.8
32.0
29.6
28.5
25.9
26.5
28.8
41.7
37.1
31.8
27.0
28.7
25.0
22.4
21.8
—

Ingersoll-Rand (India) Ltd · INGERRAND

19.5
21.6
28.7
26.0
38.5
31.0
37.2
33.0
30.5
30.4
35.0
44.6
39.2
37.7
29.5
31.1
33.3
27.9
28.2
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

34.5
41.4
40.8
39.0
55.1
53.0
54.3
62.8
64.2
58.8
68.8
131.4
131.2
150.9
115.7
126.4
24.6
23.8
23.5
33.1

Veljan Denison Ltd · VELJAN⚠ unverified

10.4
8.2
8.3
6.4
8.5
8.7
9.6
9.0
14.8
13.6
26.9
21.9
19.0
13.5
9.8
13.0
11.3
11.7
8.0
—

P/BV · reported quarter history

Elgi Equipments Ltd · ELGIEQUIP

7.6
10.4
9.6
14.3
11.9
11.8
13.4
16.6
11.8
11.8
13.0
16.6
13.1
10.5
8.9
10.6
8.2
7.3
7.5
—

Ingersoll-Rand (India) Ltd · INGERRAND

6.9
7.5
10.2
10.0
12.5
10.9
15.0
16.4
16.0
15.9
18.8
25.0
22.6
20.6
17.7
20.7
20.8
16.4
17.2
—

Kirloskar Pneumatic Company Ltd · KIRLPNU

7.0
8.4
8.2
7.9
11.1
10.7
10.9
12.6
12.9
11.8
13.8
26.2
26.2
30.1
23.1
27.9
7.1
5.9
6.0
11.2

Veljan Denison Ltd · VELJAN⚠ unverified

1.4
1.5
1.5
1.3
1.6
1.6
1.6
1.5
2.6
2.3
4.7
4.4
3.8
2.5
1.9
2.6
2.3
2.3
1.6
—
09 · let price answer last

Market action

Kirloskar Pneumatic Company Ltd has the strongest one-year price move in Compressors at +15.1%. Veljan Denison Ltd leads on Mansfield relative strength against NIFTY at +50.4%. 4 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Compressors comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 5 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 draws at least one figure from a second feed with too little overlap to cross-check.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 5 companies in the canonical Compressors membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Elgi Equipments Ltd ELGIEQUIP25/26 WEEKS₹18.3K Cr₹5772026-07-19Mar 2026Cross-checked
Ingersoll-Rand (India) Ltd INGERRAND23/26 WEEKS₹13.7K Cr₹4,3542026-07-19Mar 2026Cross-checked
Kirloskar Pneumatic Company Ltd KIRLPNUAHEAD26/26 WEEKS₹9.7K Cr₹1,4972026-07-19Jun 2026Cross-checked
Veljan Denison Ltd VELJAN⚠ unverified₹785 Cr₹1,7442026-07-19Mar 2026Includes unverified figures
Airfloa Rail Technology Ltd AIRFLOA₹662 Cr₹2762026-03-08 · not currently pricedSep 2025Primary source only
How each company's sources stand: 1 of 5 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 5 Compressors companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing3 cross-checked · 2 unverified · 0 withheld, of 5 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Compressors company comparison FAQs

These 18 answers restate the Compressors comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Compressors index?

The Nifty Compressors index tracks India's listed Compressors companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Compressors sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Compressors stocks in India?

Ranked by this page's four-factor score, Kirloskar Pneumatic Company Ltd places first among 5 listed Compressors companies, followed by Elgi Equipments Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Compressors stocks are listed in India?

This comparison covers 5 listed Compressors companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Compressors company is the biggest?

Elgi Equipments Ltd is the largest, with trailing-twelve-month revenue of ₹3,951 crore, ahead of Kirloskar Pneumatic Company Ltd at ₹1,808 crore. That covers 4 of 5 companies with comparable reporting through Mar 2026.

Which Compressors company is growing fastest?

Elgi Equipments Ltd has the fastest revenue growth at 12.5% year on year, across 4 of 5 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Compressors company has the best profit margins?

Airfloa Rail Technology Ltd has the highest operating margin at 24%, from 5 of 5 comparable companies. Kirloskar Pneumatic Company Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Compressors company makes the most profit?

Elgi Equipments Ltd earns the most, at ₹430 crore of trailing-twelve-month net profit, from 4 of 5 comparable companies. Kirloskar Pneumatic Company Ltd has the fastest profit growth at 25.2%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Compressors company earns the highest return on capital?

Ingersoll-Rand (India) Ltd leads on return on capital employed at 57.1%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Compressors stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Elgi Equipments Ltd screens cheapest at 1.29×. Only 3 of 5 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Compressors company has the strongest balance sheet?

Veljan Denison Ltd carries the lowest comparable gross debt at ₹1 crore, from 5 of 5 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Compressors stock has the strongest price momentum?

Veljan Denison Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Compressors company scores highest for research priority?

Kirloskar Pneumatic Company Ltd scores 56.3 out of 100 with 93% evidence confidence, from 26.7 points on growth and earnings, 14.3 on capital efficiency, 5.9 on valuation and 9.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Compressors companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Compressors sector?

The 5 Compressors companies on this page carry ₹43,214 crore of combined market value. Elgi Equipments Ltd is the largest at ₹18,295 crore, about 42% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Compressors sector's P/E ratio?

The median price-to-earnings ratio across the 5 Compressors companies on this page is 37×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Compressors sector performing?

4 of the 4 covered Compressors companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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