Cummins India Ltd

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

Cummins India Ltd

₹ 1,874 -0.09%
29 Nov - 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 ₹ 51,938 Cr.
  • Current Price ₹ 1,874
  • High / Low ₹ 1,981 / 1,350
  • Stock P/E 39.3
  • Book Value ₹ 204
  • Dividend Yield 1.33 %
  • ROCE 26.8 %
  • ROE 21.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 62.2%

Cons

  • Stock is trading at 9.19 times its book value
  • The company has delivered a poor sales growth of 8.79% over past five years.
  • Earnings include an other income of Rs.484 Cr.

* 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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
1,160 1,424 1,247 1,184 1,727 1,735 1,494 1,687 1,951 2,181 1,926 2,209 1,900
993 1,183 1,079 1,036 1,468 1,464 1,287 1,473 1,661 1,768 1,600 1,868 1,561
Operating Profit 167 242 167 149 259 270 207 214 291 412 326 341 339
OPM % 14% 17% 13% 13% 15% 16% 14% 13% 15% 19% 17% 15% 18%
58 98 112 187 69 87 77 86 85 104 131 117 132
Interest 4 5 3 2 2 3 5 2 5 3 7 8 7
Depreciation 33 32 31 31 34 35 35 34 35 34 37 36 38
Profit before tax 189 304 245 303 293 320 244 264 336 479 413 415 426
Tax % 23% 23% 24% 22% 25% 25% 22% 25% 25% 25% 23% 24% 23%
146 234 186 237 220 241 189 199 252 360 318 316 329
EPS in Rs 5.25 8.44 6.70 8.54 7.93 8.69 6.82 7.17 9.10 12.99 11.49 11.39 11.85
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4,117 4,589 3,977 4,406 4,709 5,077 5,082 5,659 5,158 4,329 6,140 7,744 8,215
3,420 3,754 3,280 3,674 3,934 4,276 4,345 4,795 4,567 3,729 5,260 6,502 6,797
Operating Profit 697 835 697 732 775 802 738 864 590 600 880 1,243 1,417
OPM % 17% 18% 18% 17% 16% 16% 15% 15% 11% 14% 14% 16% 17%
175 268 178 287 226 208 279 293 308 349 425 406 484
Interest 5 5 4 1 10 17 15 16 20 16 12 16 24
Depreciation 42 47 53 80 81 85 94 110 119 126 134 140 145
Profit before tax 825 1,051 818 937 910 908 908 1,030 759 808 1,159 1,492 1,733
Tax % 28% 27% 27% 16% 17% 19% 22% 30% 17% 24% 24% 24%
591 764 600 786 754 735 708 723 629 618 887 1,130 1,323
EPS in Rs 21.33 27.57 21.65 28.35 27.21 26.50 25.56 26.07 22.70 22.29 31.99 40.76 47.72
Dividend Payout % 52% 47% 60% 49% 51% 53% 59% 65% 62% 67% 58% 61%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 15%
TTM: 20%
Compounded Profit Growth
10 Years: 5%
5 Years: 11%
3 Years: 21%
TTM: 48%
Stock Price CAGR
10 Years: 16%
5 Years: 18%
3 Years: 47%
1 Year: 37%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 18%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 55 55 55 55 55 55 55 55 55 55 55 55 55
Reserves 1,988 2,331 2,510 2,831 3,426 3,687 3,931 4,075 4,120 4,351 4,797 5,313 5,596
-0 -0 -0 -0 -0 251 252 309 504 33 412 373 271
1,059 1,283 1,208 1,435 1,009 1,048 1,294 1,414 1,275 1,257 1,540 1,771 1,943
Total Liabilities 3,102 3,670 3,773 4,322 4,490 5,041 5,531 5,854 5,954 5,697 6,805 7,512 7,865
465 493 919 1,234 1,289 1,500 2,019 2,013 2,264 2,185 2,204 2,222 2,301
CWIP 50 121 96 171 519 463 38 159 80 128 61 41 49
Investments 598 628 495 465 334 707 549 285 824 369 615 1,085 1,330
1,990 2,428 2,262 2,452 2,348 2,370 2,925 3,397 2,786 3,015 3,925 4,164 4,186
Total Assets 3,102 3,670 3,773 4,322 4,490 5,041 5,531 5,854 5,954 5,697 6,805 7,512 7,865

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
442 529 361 498 692 746 634 550 599 788 707 811
8 -219 55 -56 -214 -482 -133 16 -202 25 -574 87
-351 -359 -426 -423 -468 -225 -473 -523 -411 -872 -77 -684
Net Cash Flow 100 -49 -9 19 10 39 29 43 -14 -60 56 214

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 60 68 72 78 73 69 95 82 80 91 74 75
Inventory Days 78 67 83 92 74 63 60 63 62 74 65 62
Days Payable 71 69 73 81 69 68 85 83 75 96 89 80
Cash Conversion Cycle 67 66 82 88 78 64 71 62 67 68 50 57
Working Capital Days 42 40 43 56 78 66 75 78 74 73 62 53
ROCE % 39% 42% 33% 31% 29% 25% 21% 24% 17% 19% 21% 27%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00%
8.97% 10.92% 11.69% 11.97% 12.54% 10.52% 10.35% 10.37% 12.20% 13.99% 14.37% 16.45%
26.24% 25.25% 24.37% 24.41% 23.76% 25.16% 25.05% 26.54% 24.99% 23.61% 23.76% 21.97%
1.26% 1.26% 0.22% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20%
12.53% 11.57% 12.72% 12.42% 12.50% 13.12% 13.40% 11.90% 11.61% 11.20% 10.67% 10.36%
No. of Shareholders 90,06884,19692,95490,7941,00,7391,11,1841,09,0671,19,0271,17,1861,22,4481,19,8831,28,971

* 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

Announcements

Annual reports

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