Cummins India Ltd

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

₹ 4,226 0.02%
12 Nov 9:25 a.m.
cumminsindia.com BSE: 500480 NSE: CUMMINSIND F&O
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 100 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

Parentage [1] [2] [3]
The company is a part of the US$23.6 Bn Cummins Inc., which held a 51% stake as of June 2026, and benefits from its parent’s technology, advanced engineering, and R&D capabilities to develop fuel-efficient, emission-compliant products across multiple energy sources

Website BSE NSE F&O
  • Market Cap ₹ 1,17,153 Cr.
  • Current Price ₹ 4,226
  • High / Low ₹ 6,143 / 3,883
  • Stock P/E 53.6
  • Book Value ₹ 275
  • Dividend Yield 1.55 %
  • ROCE 41.6 %
  • ROE 31.8 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 30.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.9%
  • Company has been maintaining a healthy dividend payout of 72.3%

Cons

  • Stock is trading at 15.4 times its book value

* 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

Industrials Capital Goods Industrial Products Compressors, Pumps & Diesel Engines

Part of BSE 500 BSE Capital Goods BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,900 2,534 2,316 2,304 2,492 3,086 2,457 2,907 3,170 3,055 3,011 3,426 3,301
1,561 1,996 1,772 1,837 2,011 2,486 1,937 2,283 2,475 2,420 2,369 2,810 2,795
Operating Profit 339 538 544 467 481 600 520 624 695 634 642 616 506
OPM % 18% 21% 24% 20% 19% 19% 21% 21% 22% 21% 21% 18% 15%
132 112 204 132 161 121 212 197 196 13 264 161 151
Interest 7 6 6 5 3 3 5 3 3 5 2 4 3
Depreciation 38 42 42 44 45 48 46 48 49 50 51 53 54
Profit before tax 426 602 701 551 594 670 681 770 839 593 852 721 601
Tax % 23% 24% 20% 24% 24% 23% 23% 23% 24% 24% 24% 25% 22%
329 455 562 420 451 514 521 589 638 453 650 543 467
EPS in Rs 11.85 16.41 20.26 15.14 16.26 18.54 18.81 21.26 23.00 16.35 23.45 19.59 16.84
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
4,406 4,709 5,077 5,082 5,659 5,158 4,329 6,140 7,744 8,959 10,339 12,143 12,793
3,674 3,934 4,276 4,345 4,795 4,567 3,729 5,260 6,502 7,197 8,271 9,548 10,394
Operating Profit 732 775 802 738 864 590 600 880 1,243 1,761 2,068 2,595 2,399
OPM % 17% 16% 16% 15% 15% 11% 14% 14% 16% 20% 20% 21% 19%
287 226 208 279 293 308 349 425 406 566 626 670 590
Interest 1 10 17 15 16 20 16 12 16 27 15 12 14
Depreciation 80 81 85 94 110 119 126 134 140 158 183 199 208
Profit before tax 937 910 908 908 1,030 759 808 1,159 1,492 2,143 2,496 3,054 2,767
Tax % 16% 17% 19% 22% 30% 17% 24% 24% 24% 23% 24% 24%
786 754 735 708 723 629 618 887 1,130 1,661 1,906 2,330 2,113
EPS in Rs 28.35 27.21 26.50 25.56 26.07 22.70 22.29 31.99 40.76 59.91 68.75 84.06 76.23
Dividend Payout % 49% 51% 53% 59% 65% 62% 67% 58% 61% 63% 75% 79%
Compounded Sales Growth
10 Years: 10%
5 Years: 23%
3 Years: 16%
TTM: 10%
Compounded Profit Growth
10 Years: 12%
5 Years: 30%
3 Years: 29%
TTM: -2%
Stock Price CAGR
10 Years: 18%
5 Years: 36%
3 Years: 33%
1 Year: -4%
Return on Equity
10 Years: 23%
5 Years: 26%
3 Years: 30%
Last Year: 32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 55 55 55 55 55 55 55 55 55 55 55 55 55
Reserves 2,831 3,426 3,687 3,931 4,075 4,120 4,351 4,797 5,313 6,108 6,963 7,842 7,561
0 0 251 252 309 504 33 412 373 120 30 37 37
1,435 1,009 1,048 1,294 1,414 1,275 1,257 1,540 1,771 2,215 2,558 2,793 3,050
Total Liabilities 4,322 4,490 5,041 5,531 5,854 5,954 5,697 6,805 7,512 8,498 9,606 10,727 10,704
1,234 1,289 1,500 2,019 2,013 2,264 2,185 2,204 2,222 2,295 2,364 2,383 2,374
CWIP 171 519 463 38 159 80 128 61 41 97 85 98 79
Investments 465 334 707 549 285 824 369 615 1,085 1,215 957 1,576 2,157
2,452 2,348 2,370 2,925 3,397 2,786 3,015 3,925 4,164 4,891 6,200 6,670 6,093
Total Assets 4,322 4,490 5,041 5,531 5,854 5,954 5,697 6,805 7,512 8,498 9,606 10,727 10,704

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
498 692 746 634 550 599 788 707 811 1,280 1,686 1,734
-56 -214 -482 -133 16 -202 25 -574 87 -247 -577 26
-423 -468 -225 -473 -523 -411 -872 -77 -684 -1,133 -1,166 -1,495
Net Cash Flow 19 10 39 29 43 -14 -60 56 214 -100 -57 265
Free Cash Flow 168 202 514 544 277 362 674 778 657 999 1,469 1,487
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 93% 111% 116% 111% 91% 129% 145% 109% 94% 101% 109% 91%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 78 73 69 95 82 80 91 74 75 85 81 83
Inventory Days 92 74 63 60 63 62 74 65 62 59 57 56
Days Payable 81 69 68 85 83 75 96 89 80 89 87 79
Cash Conversion Cycle 88 78 64 71 62 67 68 50 57 55 51 60
Working Capital Days 56 78 48 57 58 40 71 39 36 48 46 53
ROCE % 31% 29% 25% 21% 24% 17% 19% 21% 27% 36% 38% 42%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Employees (including contractual)
Count

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Export Revenue Share of Total Sales
% of total revenue
GOEM Dealer Network (Power Generation)
Count
Export Volume of Engines
Units
Export Volume of Generator Sets
Units
Power Generation Genset Power Provided
MW
Data Center Share of Domestic Power Generation Revenue
% of PowerGen domestic revenue
Manufacturing Capacity Utilization
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00%
16.51% 17.36% 17.95% 17.50% 18.09% 17.21% 17.50% 18.35% 19.42% 20.77% 21.19% 19.47%
23.36% 22.86% 22.24% 22.50% 21.80% 22.84% 22.53% 21.73% 20.60% 19.43% 19.06% 20.82%
0.20% 0.14% 0.14% 0.11% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.00%
8.93% 8.63% 8.66% 8.89% 9.00% 8.85% 8.86% 8.82% 8.87% 8.68% 8.65% 8.70%
No. of Shareholders 1,17,9051,20,0431,50,0971,64,9431,77,2281,62,4961,59,6651,60,0271,66,2101,61,9931,73,4501,66,036

* 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.

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Documents

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