Cummins India Ltd

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

Cummins India Ltd

₹ 3,334 -1.15%
12 Jun 2:56 p.m.
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 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

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

Website BSE NSE
  • Market Cap ₹ 92,405 Cr.
  • Current Price ₹ 3,334
  • High / Low ₹ 4,172 / 2,580
  • Stock P/E 46.2
  • Book Value ₹ 273
  • Dividend Yield 1.52 %
  • ROCE 36.4 %
  • ROE 28.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 22.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
  • Company has been maintaining a healthy dividend payout of 63.0%

Cons

  • Stock is trading at 12.3 times its book value
  • Earnings include an other income of Rs.714 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

Industrials Capital Goods Industrial Products Compressors, Pumps & Diesel Engines

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,502 1,696 1,957 2,185 1,934 2,218 1,922 2,541 2,319 2,316 2,509 3,096 2,470
1,294 1,481 1,667 1,772 1,604 1,876 1,575 1,999 1,781 1,842 2,025 2,499 1,945
Operating Profit 208 215 290 413 330 342 346 543 539 473 484 598 525
OPM % 14% 13% 15% 19% 17% 15% 18% 21% 23% 20% 19% 19% 21%
103 84 102 157 159 155 128 153 186 171 157 168 217
Interest 5 2 5 3 7 8 7 6 6 5 3 3 5
Depreciation 35 34 36 35 38 36 38 42 42 44 45 49 46
Profit before tax 272 263 351 533 444 453 429 647 676 595 594 714 690
Tax % 20% 25% 24% 22% 21% 22% 23% 23% 20% 22% 24% 22% 23%
216 198 267 414 349 354 329 499 539 463 449 558 530
EPS in Rs 7.80 7.15 9.64 14.93 12.59 12.76 11.87 18.00 19.44 16.69 16.21 20.15 19.10
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,559 4,916 4,720 5,106 5,112 5,697 5,191 4,360 6,171 7,772 9,000 10,391
3,051 4,101 3,945 4,302 4,374 4,828 4,598 3,757 5,288 6,524 7,231 8,311
Operating Profit 508 815 775 805 738 869 593 603 883 1,248 1,770 2,080
OPM % 14% 17% 16% 16% 14% 15% 11% 14% 14% 16% 20% 20%
163 208 116 141 298 328 356 366 472 502 622 714
Interest 3 2 10 17 15 17 21 17 12 16 27 16
Depreciation 48 86 81 85 94 111 121 127 136 142 159 185
Profit before tax 619 935 799 843 927 1,069 807 825 1,207 1,591 2,205 2,593
Tax % 28% 19% 21% 22% 23% 31% 13% 23% 23% 23% 22% 23%
463 772 721 736 712 743 706 635 934 1,228 1,721 2,000
EPS in Rs 16.70 27.85 26.02 26.56 25.68 26.79 25.45 22.91 33.68 44.31 62.07 72.15
Dividend Payout % 38% 50% 54% 53% 58% 63% 55% 65% 55% 56% 61% 71%
Compounded Sales Growth
10 Years: 8%
5 Years: 15%
3 Years: 19%
TTM: 15%
Compounded Profit Growth
10 Years: 11%
5 Years: 23%
3 Years: 35%
TTM: 19%
Stock Price CAGR
10 Years: 14%
5 Years: 54%
3 Years: 50%
1 Year: -8%
Return on Equity
10 Years: 21%
5 Years: 22%
3 Years: 26%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 40 55 55 55 55 55 55 55 55 55 55 55
Reserves 1,446 3,033 3,553 3,816 4,063 4,228 4,347 4,596 5,090 5,703 6,557 7,506
28 3 3 252 257 313 512 40 418 376 127 30
798 1,508 1,051 1,091 1,339 1,465 1,282 1,265 1,549 1,784 2,231 2,577
Total Liabilities 2,312 4,599 4,662 5,214 5,715 6,060 6,196 5,956 7,112 7,919 8,971 10,168
257 1,307 1,291 1,502 2,021 2,015 2,270 2,189 2,209 2,226 2,302 2,370
CWIP 58 171 519 463 39 159 80 128 61 41 97 78
Investments 442 536 489 862 708 468 1,038 599 892 1,457 1,642 1,482
1,555 2,585 2,364 2,387 2,947 3,418 2,809 3,041 3,951 4,194 4,930 6,238
Total Assets 2,312 4,599 4,662 5,214 5,715 6,060 6,196 5,956 7,112 7,919 8,971 10,168

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
233 589 696 748 632 553 601 789 712 820 1,285 1,685
11 -146 -215 -483 -134 15 -202 25 -574 87 -248 -582
-223 -444 -471 -226 -470 -525 -412 -873 -82 -687 -1,134 -1,168
Net Cash Flow 21 -1 10 39 28 43 -14 -60 56 219 -97 -65

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 72 73 73 69 96 82 81 91 74 75 85 80
Inventory Days 76 89 75 63 61 64 62 75 66 63 60 56
Days Payable 86 79 69 68 85 83 75 97 89 80 89 87
Cash Conversion Cycle 63 83 79 65 71 63 68 69 51 58 56 49
Working Capital Days 70 54 79 67 75 79 75 74 63 53 53 79
ROCE % 43% 24% 22% 21% 24% 18% 17% 21% 27% 34% 36%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00%
10.35% 10.37% 12.20% 13.99% 14.37% 16.45% 16.51% 17.36% 17.95% 17.50% 18.09% 17.21%
25.05% 26.54% 24.99% 23.61% 23.76% 21.97% 23.36% 22.86% 22.24% 22.50% 21.80% 22.84%
0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.14% 0.14% 0.11% 0.10% 0.10%
13.40% 11.90% 11.61% 11.20% 10.67% 10.36% 8.93% 8.63% 8.66% 8.89% 9.00% 8.85%
No. of Shareholders 1,09,0671,19,0271,17,1861,22,4481,19,8831,28,9711,17,9051,20,0431,50,0971,64,9431,77,2281,62,496

* 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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