Cummins India Ltd

Cummins India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Cummins India Ltd

₹ 1,640 1.71%
29 Mar - close price
cumminsindia.com BSE: 500480 NSE : CUMMINSIND
About

Cummins India Ltd is a part of the Cummins Inc. Group USA. It designs, manufactures, distributes and services diesel and alternative fuel engines from 2.8 to 95 liters, diesel and alternative-fueled power generator sets of up to 3000 kW (3750 kVA), as well as related components and technology.[1]

Key Points

Engines Business Division (~69% of revenues)[1]
The company's business division is divided into 4 main segments :-

Website BSE NSE
  • Market Cap ₹ 45,461 Cr.
  • Current Price ₹ 1,640
  • High / Low ₹ 1,715 / 947
  • Stock P/E 45.0
  • Book Value ₹ 181
  • Dividend Yield 1.13 %
  • ROCE 21.3 %
  • ROE 16.9 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 62.3%

Cons

  • Stock is trading at 9.07 times its book value
  • The company has delivered a poor sales growth of 3.88% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engines

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,453 1,053 498 1,160 1,424 1,247 1,184 1,727 1,735 1,494 1,687 1,951 2,181
1,238 986 495 993 1,183 1,079 1,036 1,468 1,464 1,287 1,473 1,661 1,768
Operating Profit 216 67 3 167 242 167 149 259 270 207 214 291 412
OPM % 15% 6% 1% 14% 17% 13% 13% 15% 16% 14% 13% 15% 19%
56 86 102 58 98 112 187 69 87 77 86 85 104
Interest 5 5 4 4 5 3 2 2 3 5 2 5 3
Depreciation 30 31 30 33 32 31 31 34 35 35 34 35 34
Profit before tax 238 117 70 189 304 245 303 293 320 244 264 336 479
Tax % 22% -1% 25% 23% 23% 24% 22% 25% 25% 22% 25% 25% 25%
Net Profit 186 118 53 146 234 186 237 220 241 189 199 252 360
EPS in Rs 6.72 4.27 1.90 5.25 8.44 6.70 8.54 7.93 8.69 6.82 7.17 9.10 12.99
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
4,043 4,117 4,589 3,977 4,406 4,709 5,077 5,082 5,659 5,158 4,329 6,140 7,312
3,279 3,420 3,754 3,280 3,674 3,934 4,276 4,345 4,795 4,567 3,729 5,260 6,189
Operating Profit 764 697 835 697 732 775 802 738 864 590 600 880 1,123
OPM % 19% 17% 18% 18% 17% 16% 16% 15% 15% 11% 14% 14% 15%
80 175 268 178 287 226 208 279 293 308 349 425 352
Interest 5 5 5 4 1 10 17 15 16 20 16 12 14
Depreciation 37 42 47 53 80 81 85 94 110 119 126 134 138
Profit before tax 802 825 1,051 818 937 910 908 908 1,030 759 808 1,159 1,323
Tax % 26% 28% 27% 27% 16% 17% 19% 22% 30% 17% 24% 24%
Net Profit 591 591 764 600 786 754 735 708 723 629 618 887 1,000
EPS in Rs 21.32 21.33 27.57 21.65 28.35 27.21 26.50 25.56 26.07 22.70 22.29 31.99 36.08
Dividend Payout % 50% 52% 47% 60% 49% 51% 53% 59% 65% 62% 67% 58%
Compounded Sales Growth
10 Years: 4%
5 Years: 4%
3 Years: 3%
TTM: 24%
Compounded Profit Growth
10 Years: 4%
5 Years: 1%
3 Years: 3%
TTM: 30%
Stock Price CAGR
10 Years: 13%
5 Years: 19%
3 Years: 66%
1 Year: 46%
Return on Equity
10 Years: 19%
5 Years: 16%
3 Years: 16%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
40 55 55 55 55 55 55 55 55 55 55 55 55
Reserves 1,767 1,988 2,331 2,510 2,831 3,426 3,687 3,931 4,075 4,120 4,351 4,797 4,958
0 0 0 0 0 0 251 252 309 504 33 412 262
1,059 1,059 1,283 1,208 1,435 1,009 1,048 1,294 1,414 1,275 1,257 1,540 1,751
Total Liabilities 2,866 3,102 3,670 3,773 4,322 4,490 5,041 5,531 5,854 5,954 5,697 6,805 7,026
356 465 493 919 1,234 1,289 1,500 2,019 2,013 2,264 2,185 2,204 2,185
CWIP 65 50 121 96 171 519 463 38 159 80 128 61 64
Investments 725 598 628 495 465 334 707 549 285 824 369 615 991
1,719 1,990 2,428 2,262 2,452 2,348 2,370 2,925 3,397 2,786 3,015 3,925 3,786
Total Assets 2,866 3,102 3,670 3,773 4,322 4,490 5,041 5,531 5,854 5,954 5,697 6,805 7,026

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
429 442 529 361 498 692 746 634 550 599 788 707
-133 8 -219 55 -56 -214 -482 -133 16 -202 25 -574
-305 -351 -359 -426 -423 -468 -225 -473 -523 -411 -872 -77
Net Cash Flow -8 100 -49 -9 19 10 39 29 43 -14 -60 56

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 65 60 68 72 78 73 69 95 82 80 91 74
Inventory Days 73 78 67 83 92 74 63 60 63 62 74 65
Days Payable 81 71 69 73 81 69 68 85 83 75 96 89
Cash Conversion Cycle 58 67 66 82 88 78 64 71 62 67 68 50
Working Capital Days 42 42 40 43 56 78 66 75 78 74 73 62
ROCE % 48% 39% 42% 33% 31% 29% 25% 21% 24% 17% 19% 21%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00
7.46 8.57 8.17 8.97 10.92 11.69 11.97 12.54 10.52 10.35 10.37 12.20
30.09 27.59 28.03 26.24 25.25 24.37 24.41 23.76 25.16 25.05 26.54 24.99
0.27 1.26 1.26 1.26 1.26 0.22 0.20 0.20 0.20 0.20 0.20 0.20
11.18 11.58 11.54 12.53 11.57 12.72 12.42 12.50 13.12 13.40 11.90 11.61

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls