Sector Alpha Week of 2026-09-17
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

Compressors Stocks in India

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

The 5 Compressors companies listed in India are Elgi Equipments Ltd (₹19.6K Cr, the largest), Ingersoll-Rand (India) Ltd, Kirloskar Pneumatic Company Ltd and 2 more. 5 of 5 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

All 5 Compressors Stocks in India (Sep 2026) — ranked by 4-Factor score

  1. 1Kirloskar Pneumatic Company Ltd₹9.4K Cr48.4/100Mixed-negative evidence · strongest on ROCE and margin improvement
  2. 2Elgi Equipments Ltd₹19.6K Cr44.8/100Mixed-negative evidence · strongest on profit growth and revenue growth
  3. 3Veljan Denison Ltd₹850 Cr44.0/100Mixed-negative evidence · strongest on operating margin and relative strength versus the benchmark
  4. 4Ingersoll-Rand (India) Ltd₹14.4K Cr31.3/100Adverse evidence · strongest on ROCE and operating margin
  5. 5Airfloa Rail Technology Ltd₹1.3K Cr59.6/100Thin evidence · provisional · strongest on relative strength versus sector and relative strength versus the benchmark

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Compressors Index — Constituents & Performance

All 5 listed Indian Compressors companies are named here, largest first — the same constituent set people search for as the Nifty Compressors index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

  1. Elgi Equipments Ltd₹19.6K Cr
  2. Ingersoll-Rand (India) Ltd₹14.4K Cr
  3. Kirloskar Pneumatic Company Ltd₹9.4K Cr
  4. Airfloa Rail Technology Ltd₹1.3K Cr
  5. Veljan Denison Ltd₹850 Cr
02 · the sector itself · before any single company

How has Compressors moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 28% ahead of NIFTY 500. Earnings across its companies grew 7% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 23 weeks running.

LEADER · ahead 23w~Price up, without the fundamentals confirming3 of 5 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑23w · 5/5 >200d (+0) · 3/5 lead (+1) · EPS 2/5↑

200500100020262025202420232022 1042303 TRAILING 12-MONTH EPS · 100 AT THE START0100173Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 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 133, against 100 at the start · up 47.6% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 123, against 100 at the start · up 21.8% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 124, against 100 at the start · up 12.9% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 144, against 100 at the start · up 10.4% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 136, against 100 at the start · up 22.3% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 120, against 100 at the start · up 10.2% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 144, against 100 at the start · up 13.3% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 134, against 100 at the start · up 14.0% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 150, against 100 at the start · up 2.7% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 131, against 100 at the start · up 8.5% on a year ago · 5 reportingJun 2026 · trailing 12-month earnings per share at 162, against 100 at the start · up 0.9% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two162No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020262025202420232022 1042303 TRAILING 12-MONTH EPS · 100 AT THE START0100173Jun 23Jun 24Jun 25Jun 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 133, against 100 at the start · up 47.6% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 123, against 100 at the start · up 21.8% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 124, against 100 at the start · up 12.9% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 144, against 100 at the start · up 10.4% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 136, against 100 at the start · up 22.3% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 120, against 100 at the start · up 10.2% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 144, against 100 at the start · up 13.3% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 134, against 100 at the start · up 14.0% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 150, against 100 at the start · up 2.7% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 131, against 100 at the start · up 8.5% on a year ago · 5 reportingJun 2026 · trailing 12-month earnings per share at 162, against 100 at the start · up 0.9% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two162No 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

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 5 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.

03 · sector relative strength, before individual stocks

Is Compressors outperforming NIFTY 500?

Compressors has outperformed NIFTY 500 by 46.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 15%. 5 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Airfloa Rail Technology Ltd is the strongest against the sector itself at +25.4%. Readings are as of 2026-08-22.

+15.0%Sector vs NIFTY 500 · 13 weeks
+46.8%Sector vs NIFTY 500 · 52 weeks
5/5Stocks leading NIFTY 500
1/4Stocks leading sector

Sector metric: 37.6 as of 2026-08-22 · BROADENING · falling.

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

Compressors has outperformed NIFTY 500 by 46.8% over 52 weeks and 15% over 13 weeks. 5 of 5 covered companies beat NIFTY on Mansfield relative strength, while 1 of 4 beat the sector itself. Elgi Equipments Ltd leads with revenue of ₹4,146 crore, based on 4 of 5 comparable companies through Jun 2026.

Companies
5
complete canonical membership
Combined market value
₹45.5K Cr
Elgi Equipments Ltd
Revenue growing
4/4
positive TTM year-on-year growth
Beating NIFTY 500
5/5
positive Mansfield relative strength
Comparing 4 of 5
04 · 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.
Airfloa Rail Technology Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Kirloskar Pneumatic Company LtdKIRLPNU 48.4/100Mixed-negative evidence93% evidence BASING 26.7/35 Revenue 9.7% · PAT 25.2% · OPM change 3 pp 100% evidence 14.0/25 ROCE 29.6% · OPM 15% 100% evidence 5.9/20 P/E 35.6× · PEG 2.73 65% evidence 1.8/20 RS sector -51.5% · RS bench 11.2% · 1Y -43.4%1 of 12 weeks ahead 100% evidence
Exact sum: 26.7 + 14 + 5.9 + 1.8 = 48.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -51.5% and the one-year return is -43.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Elgi Equipments LtdELGIEQUIP 44.8/100Mixed-negative evidence100% evidence FADING 20.3/35 Revenue 15.9% · PAT 22.8% · OPM change 1 pp 100% evidence 10.1/25 ROCE 22.1% · OPM 15% 100% evidence 11.0/20 P/E 42.2× · PEG 1.68 100% evidence 3.4/20 RS sector -8.8% · RS bench 18.4% · 1Y 29.5%6 of 12 weeks ahead 100% evidence
Exact sum: 20.3 + 10.1 + 11 + 3.4 = 44.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Veljan Denison LtdVELJAN 44.0/100Mixed-negative evidence72% evidence BREAKING OUT 10.0/35 Revenue 2.2% · PAT 0.8% · OPM change 0.3 pp 95% evidence 11.8/25 ROCE 15% · OPM 25.7% 95% evidence 10.5/20 P/E 32.5× · PEG — 50% evidence 11.7/20 RS sector — · RS bench 53% · 1Y —9 of 9 weeks ahead 25% evidence
Exact sum: 10 + 11.8 + 10.5 + 11.7 = 44 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Ingersoll-Rand (India) LtdINGERRAND 31.3/100Adverse evidence100% evidence BREAKING OUT 7.4/35 Revenue 8.6% · PAT 0.8% · OPM change 0 pp 100% evidence 18.1/25 ROCE 57.1% · OPM 24% 100% evidence 1.0/20 P/E 52.6× · PEG 3.19 100% evidence 4.8/20 RS sector -11% · RS bench 15.4% · 1Y 20.2%7 of 12 weeks ahead 100% evidence
Exact sum: 7.4 + 18.1 + 1 + 4.8 = 31.3 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
5Airfloa Rail Technology Ltd544516 59.6/100Thin evidence · provisional41% evidence BREAKING OUT 16.1/35 Revenue — · PAT — · OPM change -6 pp 14% evidence 15.7/25 ROCE 25.6% · OPM 18% 76% evidence 10.8/20 P/E 33.2× · PEG — 15% evidence 17.0/20 RS sector 25.4% · RS bench 63.2% · 1Y 85%6 of 12 weeks ahead 70% evidence
Exact sum: 16.1 + 15.7 + 10.8 + 17 = 59.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

Airfloa Rail Technology Ltd has the strongest one-year price move in Compressors at +85%. It also leads on Mansfield relative strength against NIFTY at +63.2%. 5 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Compressors — the story behind the numbers

This is the written read behind the Compressors figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 5 themes are live here, 3 of them rated high severity.

The sector faces headwinds from regulatory costs and mixed demand. While VELJAN demonstrates growth momentum, INGERRAND's revenue contraction and margin compression highlight execution challenges. Capital allocation remains disciplined with KIRLPNU planning Rs. 320 Cr PLI-backed capex. Investors should monitor labor code impacts and raw material trajectories.

The compressor sector displays divergent performance trends in Q4 FY26. VELJAN reported consolidated revenue of ₹46.78 crores, marking a 24.2% quarter-on-quarter increase and 10.6% year-on-year growth. In contrast, INGERRAND reported standalone revenue of ₹299.63 crore, declining 7.05% QoQ and 34.22% YoY. KIRLPNU reported total income of Rs.

How old this read is: This read comes from our Compressors sector brief dated 28 Jul 2026 — 51 days old. The numbers above it are newer than the words here.

What is live in this sector right now

Live themeSeverityEvidence on file
Raw material price volatility impacting margins with components and steel as key inputs.Named for INGERRAND, VELJANhighCompany keeps inventory of major raw materials owing to longer procurement time
Operating profitability susceptible to fluctuations in foreign exchange rates.Named for INGERRAND, VELJANhighEffective FX and currency impact mitigation
Statutory impact of new labour codes recognized as exceptional items affecting profitability.Named for INGERRAND, KIRLPNU, VELJANhigh“Profit/(Loss) before exceptional items & tax 1,835.9 787.9 1,085.8 3,562.7 2,845.0 Exceptional items Statutory impact of new labour codes (42.4) 182.7 - 140.3 -”
Export volumes to parent face risk from geopolitical uncertainties.Named for INGERRANDmediumNo further detail is on file for this theme.
Working capital intensive operations with elongated operating cycle of 239 days.Named for VELJANmediumCompany maintains adequate liquidity and efficiently manages working capital requirements

Sources: our Compressors sector brief, 28 Jul 2026 · company earnings-call transcripts.

07 · compare level, then change

Revenue Scale & Growth Durability

Elgi Equipments Ltd has the highest Revenue among the 5 Compressors companies compared here, at ₹4,146 crore. Kirloskar Pneumatic Company Ltd is next at ₹1,808 crore. The same company also holds the highest Revenue growth, at 15.9%. 4 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Elgi Equipments Ltd is the scale leader at ₹4,146 crore, 129.3% ahead of Kirloskar Pneumatic Company Ltd. Elgi Equipments Ltd's growth is 15.9% from a ₹4,146 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderElgi Equipments Ltd · ₹4,146 crore
Gap129.3% versus #2 · Kirloskar Pneumatic Company Ltd
Persistence8/8 recent comparable periods
Coverage4/5 companies · 78 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₹4.1K Cr
3Ingersoll-Rand (India) Ltd INGERRAND₹1.5K Cr
4Veljan Denison Ltd VELJAN⚠ unverified₹165 Cr
Revenue growthfastest growers
1Elgi Equipments Ltd ELGIEQUIP16%
4Veljan Denison Ltd VELJAN⚠ unverified2.2%
Revenue · company comparison
4/5 level · 4/5 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them 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 Cr22%Jun 2026
Ingersoll-Rand (India) Ltd INGERRAND₹379 Cr20%Jun 2026
Kirloskar Pneumatic Company Ltd KIRLPNU₹303 Cr7.5%Jun 2026
Airfloa Rail Technology Ltd 544516₹229 Cr114%Mar 2026
Veljan Denison Ltd VELJAN⚠ unverified₹43 Cr2.0%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Airfloa Rail Technology Ltd · 544516

₹85 Cr
₹107 Cr
₹91 Cr
₹229 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
₹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
₹379 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
₹43 Cr

Revenue growth · reported quarter history

Airfloa Rail Technology Ltd · 544516

7.1%
114%

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%
22%

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%
20%

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%
2.0%
08 · compare level, then change

Operating Economics & Margin Trend

Veljan Denison Ltd has the highest OPM among the 5 Compressors companies compared here, at 25.7%. Ingersoll-Rand (India) Ltd is next at 24%. 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 Jun 2026.

What the numbers say: Veljan Denison Ltd leads opm at 25.7%; Kirloskar Pneumatic Company Ltd leads margin change at +3 percentage points.

LeaderVeljan Denison Ltd · 25.7%
Gap7.1% versus #2 · Ingersoll-Rand (India) Ltd
Persistence5/8 recent comparable periods
Coverage5/5 companies · 84 observations

Investor read: Veljan Denison 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
1Veljan Denison Ltd VELJAN⚠ unverified26%
4Elgi Equipments Ltd ELGIEQUIP15%
Margin changefastest expanders
2Elgi Equipments Ltd ELGIEQUIP+1.0 pp
3Veljan Denison Ltd VELJAN⚠ unverified+0.3 pp
Operating margin · company comparison
5/5 level · 5/5 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Veljan Denison Ltd VELJAN⚠ unverified26%+0.3 ppJun 2026
Ingersoll-Rand (India) Ltd INGERRAND24%0.0 ppJun 2026
Airfloa Rail Technology Ltd 54451618%−6.0 ppMar 2026
Elgi Equipments Ltd ELGIEQUIP15%+1.0 ppJun 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 · 544516

26%
24%
24%
18%

Elgi Equipments Ltd · ELGIEQUIP

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

Ingersoll-Rand (India) Ltd · INGERRAND

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

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%
26%

Margin change · reported quarter history

Airfloa Rail Technology Ltd · 544516

−2.0 pp
−6.0 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
+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
0.0 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
+0.3 pp
09 · compare level, then change

Profit Scale & Acceleration

Elgi Equipments Ltd has the highest Net profit among the 5 Compressors companies compared here, at ₹447 crore. Ingersoll-Rand (India) Ltd is next at ₹267 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 Jun 2026.

What the numbers say: Elgi Equipments Ltd leads with ₹447 crore of TTM profit, 67.4% above Ingersoll-Rand (India) 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 · ₹447 crore
Gap67.4% versus #2 · Ingersoll-Rand (India) Ltd
Persistence7/8 recent comparable periods
Coverage4/5 companies · 78 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₹447 Cr
2Ingersoll-Rand (India) Ltd INGERRAND₹267 Cr
4Veljan Denison Ltd VELJAN⚠ unverified₹26 Cr
Profit growthfastest growers
2Elgi Equipments Ltd ELGIEQUIP23%
3Veljan Denison Ltd VELJAN⚠ unverified0.8%
Net profit · company comparison
4/5 level · 4/5 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Elgi Equipments Ltd ELGIEQUIP₹103 Cr20%Jun 2026
Ingersoll-Rand (India) Ltd INGERRAND₹70 Cr19%Jun 2026
Kirloskar Pneumatic Company Ltd KIRLPNU₹33 Cr32%Jun 2026
Airfloa Rail Technology Ltd 544516₹27 Cr69%Mar 2026
Veljan Denison Ltd VELJAN⚠ unverified₹8 Cr4.8%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Airfloa Rail Technology Ltd · 544516

₹10 Cr
₹16 Cr
₹12 Cr
₹27 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
₹103 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
₹70 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
₹8 Cr

Profit growth · reported quarter history

Airfloa Rail Technology Ltd · 544516

20%
69%

Elgi Equipments Ltd · ELGIEQUIP

308%
40%
90%
133%
22%
25%
5.0%
-55%
22%
4.4%
-3.6%
34%
18%
27%
17%
25%
20%

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%
19%

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%
4.8%
10 · 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%. Kirloskar Pneumatic Company Ltd is next at 29.6%. Kirloskar Pneumatic Company Ltd has the highest ROCE change at +2.2 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Ingersoll-Rand (India) Ltd leads ROCE at 57.1%, 27.5 percentage points above Kirloskar Pneumatic Company Ltd. Kirloskar Pneumatic Company Ltd has the strongest latest improvement at +2.2 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%
Gap92.9% versus #2 · Kirloskar Pneumatic Company 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
4Elgi Equipments Ltd ELGIEQUIP22%
5Veljan Denison Ltd VELJAN⚠ unverified15%
ROCE changefastest improvers
2Veljan Denison Ltd VELJAN⚠ unverified−0.5 pp
3Elgi Equipments Ltd ELGIEQUIP−2.2 pp
4Ingersoll-Rand (India) Ltd INGERRAND−5.3 pp
Return on capital · company comparison
5/5 level · 4/5 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Ingersoll-Rand (India) Ltd INGERRAND51%−5.3 ppJun 2026
Kirloskar Pneumatic Company Ltd KIRLPNU29%+2.2 ppJun 2026
Elgi Equipments Ltd ELGIEQUIP21%−2.2 ppJun 2026
Veljan Denison Ltd VELJAN⚠ unverified13%−0.5 ppJun 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
11 · compare level, then change

Valuation Against Growth & Quality

Elgi Equipments Ltd has the lowest PEG among the 5 Compressors companies compared here, at 1.68×. Kirloskar Pneumatic Company Ltd is next at 2.73×. Veljan Denison Ltd has the lowest P/E at 32.5×, so level and change sit with different companies. 3 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Elgi Equipments Ltd has the lowest comparable PEG at 1.68×, 38.5% below Kirloskar Pneumatic Company Ltd. Only 3 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderElgi Equipments Ltd · 1.68×
Gap38.5% versus #2 · Kirloskar Pneumatic Company Ltd
Persistence0/8 recent comparable periods
Coverage3/5 companies · 27 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Elgi Equipments Ltd ELGIEQUIP1.7
P/Elowest P/E
1Veljan Denison Ltd VELJAN⚠ unverified32.5
4Elgi Equipments Ltd ELGIEQUIP42.2
Valuation · company comparison
3/5 level · 5/5 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Ingersoll-Rand (India) Ltd INGERRAND3.252.9Jun 2026
Kirloskar Pneumatic Company Ltd KIRLPNU2.748.1Jun 2026
Elgi Equipments Ltd ELGIEQUIP1.743.4Jun 2026
Airfloa Rail Technology Ltd 54451617.9Mar 2026
Veljan Denison Ltd VELJAN⚠ unverified24.9Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Elgi Equipments Ltd · ELGIEQUIP

3.2
1.7
1.9
4.8
3.9
3.6
2.0
1.3
1.7

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 · 544516

22.4
17.9

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
43.4

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
47.2
39.8
41.8
52.9

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
36.7
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
24.9
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Compressors comparison names 5 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

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 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.
13 · 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 2026-09-11. 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 2026-09-11 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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.
How a second data feed is admitted, and what happens when it disagrees

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.

14 · questions investors ask, short speakable answers

Compressors company comparison FAQs

These 24 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 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the Compressors sector outperforming NIFTY 500?

Compressors has outperformed NIFTY 500 by 46.8% over 52 weeks and 15% over 13 weeks. 5 of 5 covered companies beat NIFTY on Mansfield relative strength, while 1 of 4 beat the sector itself.

Which Compressors company is largest by revenue?

Elgi Equipments Ltd leads with revenue of ₹4,146 crore, based on 4 of 5 comparable companies through Jun 2026.

Which Compressors company is growing fastest?

Elgi Equipments Ltd has the fastest current revenue growth at 15.9%, across 4 of 5 comparable companies.

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

Kirloskar Pneumatic Company Ltd ranks first at 48.4/100 with 93% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Compressors company has the lowest comparable PEG?

Elgi Equipments Ltd has the lowest comparable PEG at 1.68, among 3 of 5 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Compressors comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

Is there a Nifty Compressors index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Compressors, this page builds its own equal-weight basket of 5 listed Compressors companies — one company, one vote, regardless of market value — so no single large company dominates the reading. 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 ₹4,146 crore, ahead of Kirloskar Pneumatic Company Ltd at ₹1,808 crore. That covers 4 of 5 companies with comparable reporting through Jun 2026.

Which Compressors company has the best profit margins?

Veljan Denison Ltd has the highest operating margin at 25.7%, 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 ₹447 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 PEG — where a LOWER number is cheaper — Elgi Equipments Ltd screens cheapest at 1.68×. Only 3 of 5 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Compressors sector beating the market?

Compressors has outperformed NIFTY 500 by 46.8% over the last 52 weeks and 15% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Compressors stock has the strongest price momentum?

Airfloa Rail Technology 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 48.4 out of 100 with 93% evidence confidence, from 26.7 points on growth and earnings, 14 on capital efficiency, 5.9 on valuation and 1.8 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, 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 ₹45,514 crore of combined market value. Elgi Equipments Ltd is the largest at ₹19,575 crore, about 43% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

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

The median price-to-earnings ratio across the 5 Compressors companies on this page is 35.6×, 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 2026-09-17.

How is the Compressors sector performing?

5 of the 5 covered Compressors companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 46.8% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

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.

Not SEBI Registered !! Not Investment advice !!

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI