Cummins India Ltd
Cummins India is engaged in the business of manufacturing, trading and selling of engines and allied activities.(Source : 201903 Annual Report Page No: 132)
- Market Cap ₹ 21,828 Cr.
- Current Price ₹ 788
- High / Low ₹ 823 / 280
- Stock P/E 34.2
- Book Value ₹ 160
- Dividend Yield 1.78 %
- ROCE 17.3 %
- ROE 16.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 58.96%
Cons
- The company has delivered a poor sales growth of 1.10% over past five years.
- Tax rate seems low
- Earnings include an other income of Rs.385.79 Cr.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engines
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
1,337 | 1,497 | 1,514 | 1,349 | 1,352 | 1,321 | 1,456 | 1,062 | 503 | 1,170 | 1,431 | |
1,121 | 1,246 | 1,286 | 1,175 | 1,200 | 1,167 | 1,240 | 995 | 501 | 1,001 | 1,189 | |
Operating Profit | 216 | 251 | 228 | 174 | 152 | 154 | 216 | 67 | 2 | 169 | 242 |
OPM % | 16% | 17% | 15% | 13% | 11% | 12% | 15% | 6% | 0% | 14% | 17% |
Other Income | 75 | 74 | 90 | 89 | 94 | 97 | 76 | 92 | 104 | 84 | 105 |
Interest | 4 | 4 | 4 | 5 | 5 | 6 | 5 | 5 | 4 | 4 | 5 |
Depreciation | 27 | 28 | 28 | 28 | 30 | 30 | 30 | 31 | 31 | 33 | 32 |
Profit before tax | 259 | 293 | 286 | 230 | 210 | 216 | 258 | 123 | 71 | 216 | 310 |
Tax % | 29% | 30% | 31% | 32% | 28% | 15% | 23% | -38% | 25% | 20% | 22% |
Net Profit | 184 | 205 | 198 | 156 | 153 | 183 | 200 | 170 | 53 | 173 | 240 |
EPS in Rs | 6.64 | 7.38 | 7.13 | 5.64 | 5.50 | 6.59 | 7.20 | 6.14 | 1.90 | 6.24 | 8.66 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
1,807 | 2,157 | 2,692 | 3,559 | 4,916 | 4,720 | 5,106 | 5,112 | 5,697 | 5,191 | 4,166 | |
1,554 | 1,811 | 2,318 | 3,029 | 4,101 | 3,945 | 4,302 | 4,379 | 4,828 | 4,622 | 3,686 | |
Operating Profit | 253 | 345 | 374 | 529 | 815 | 775 | 805 | 733 | 869 | 569 | 480 |
OPM % | 14% | 16% | 14% | 15% | 17% | 16% | 16% | 14% | 15% | 11% | 12% |
Other Income | 65 | 91 | 106 | 141 | 208 | 116 | 141 | 303 | 328 | 380 | 386 |
Interest | 5 | 6 | 3 | 3 | 2 | 10 | 17 | 15 | 17 | 21 | 18 |
Depreciation | 39 | 38 | 38 | 48 | 86 | 81 | 85 | 94 | 111 | 121 | 127 |
Profit before tax | 274 | 392 | 439 | 619 | 935 | 799 | 843 | 927 | 1,069 | 807 | 720 |
Tax % | 33% | 32% | 32% | 28% | 19% | 21% | 22% | 23% | 31% | 13% | |
Net Profit | 184 | 268 | 325 | 463 | 772 | 721 | 736 | 712 | 743 | 706 | 636 |
EPS in Rs | 6.62 | 9.67 | 11.72 | 16.70 | 27.85 | 26.02 | 26.56 | 25.68 | 26.79 | 25.45 | 22.94 |
Dividend Payout % | 43% | 30% | 28% | 38% | 50% | 54% | 53% | 58% | 63% | 55% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 1% |
TTM: | -24% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | -2% |
TTM: | -9% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | -1% |
3 Years: | -0% |
1 Year: | 54% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 17% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
40 | 40 | 40 | 40 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | |
Reserves | 813 | 981 | 1,194 | 1,446 | 3,033 | 3,553 | 3,816 | 4,063 | 4,228 | 4,347 | 4,379 |
Borrowings | 43 | 35 | 34 | 28 | 3 | 3 | 252 | 257 | 313 | 512 | 513 |
411 | 504 | 721 | 798 | 1,508 | 1,051 | 1,091 | 1,339 | 1,465 | 1,282 | 1,249 | |
Total Liabilities | 1,307 | 1,560 | 1,989 | 2,312 | 4,599 | 4,662 | 5,214 | 5,715 | 6,060 | 6,196 | 6,197 |
184 | 176 | 244 | 257 | 1,307 | 1,291 | 1,502 | 2,021 | 2,015 | 2,270 | 2,214 | |
CWIP | 9 | 34 | 31 | 58 | 171 | 519 | 463 | 39 | 159 | 80 | 85 |
Investments | 272 | 319 | 487 | 442 | 536 | 489 | 862 | 708 | 468 | 1,037 | 808 |
842 | 1,031 | 1,228 | 1,555 | 2,585 | 2,364 | 2,387 | 2,947 | 3,418 | 2,809 | 3,090 | |
Total Assets | 1,307 | 1,560 | 1,989 | 2,312 | 4,599 | 4,662 | 5,214 | 5,715 | 6,060 | 6,196 | 6,197 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|
163 | 214 | 279 | 233 | 589 | 696 | 748 | 632 | 553 | 601 | |
-35 | -64 | -209 | 11 | -146 | -215 | -483 | -134 | 15 | -202 | |
-126 | -107 | -101 | -223 | -444 | -471 | -226 | -470 | -525 | -412 | |
Net Cash Flow | 2 | 42 | -31 | 21 | -1 | 10 | 39 | 28 | 43 | -14 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 41% | 37% | 43% | 24% | 22% | 21% | 24% | 17% | ||
Debtor Days | 82 | 76 | 79 | 72 | 73 | 73 | 69 | 96 | 82 | 81 |
Inventory Turnover | 4.56 | 5.12 | 5.47 | 4.45 | 5.63 | 5.91 | 6.20 | 5.62 |
Documents
Add documentRecent announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Feb
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1 Feb
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2013 from nse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse