5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

Cummins India Ltd.

•
cumminsindia.comBSE: 500480NSE: CUMMINSIND
Market Cap₹ 1,42,484 Cr.
Current Price
High / Low₹ 6,100 / 3,833
Stock P/E60.2
Book Value₹ 324
Price to Book14.72
Dividend Yield1.28 %
ROCE38.6 %
ROE29.5 %
Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Engine Business: 79.9% • Lubes: 20.1%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence
72%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 30.0% CAGR over last 5 years
  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 36.7%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
  • Company has consistently been profitable over the last 5 years
  • Company has delivered good sales growth of 22.7% CAGR over last 5 years

CONS

  • Stock is trading at 14.7x its book value
  • Recurring exceptional / one-off items are inflating headline profit
  • Expensive relative to growth - PEG of 2.5
  • Rich enterprise valuation - EV/EBITDA of 39.3x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsAutomobile & AncillariesDiesel Engines
Part ofNIFTY NEXT 50NIFTY ALPHA 50NIFTY MNCNIFTY500MOMENTM50NIFTY DIV OPPS 50
S.No.Name
1.CUMMINSIND5140.1060.19142483.571.28609.300.893426.0119.8438.6420.61
2.KIRLOSENG2205.3058.7632091.490.32111.06-20.051999.5313.3614.4615.02
3.GREAVESCOT193.6045.184509.941.036.16-70.46974.1230.688.775.78
4.SWARAJENG3554.9521.404319.223.0955.5311.13588.3921.5458.1313.05
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
2,1851,8942,5102,2722,2742,4653,0522,4282,8593,1223,0062,9633,426
1,8761,5751,9991,7811,8422,0252,4991,9452,2832,4752,4202,3692,866
Operating Profit309318511491432440554483575646586594560
OPM %14.14%16.81%20.36%21.63%18.98%17.87%18.14%19.89%20.13%20.70%19.49%20.05%16.34%
899098100104105111126146123-11177137
Interest8766533533524
Depreciation36384242444549464849505153
Profit before Tax387391591590528542657600719766569766787
Tax %25.61%25.48%25.00%23.30%25.10%26.67%23.62%26.80%25.13%26.34%24.52%26.42%22.56%
Net Profit0000463449558530604622486649609
12.7611.8718.0019.4416.6916.2120.1519.1021.7922.4517.5323.4321.98

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
5,1065,1125,6975,1914,3606,1717,7729,00010,39112,14312,517
4,3054,3804,8334,6033,7805,2946,5267,2318,3119,55010,131
Operating Profit8017328655885808771,2461,7692,0802,5932,386
OPM %15.69%14.33%15.18%11.33%13.30%14.21%16.04%19.65%20.01%21.36%19.06%
144218240239276387295377447437427
Interest1715172117121627161214
Depreciation8594111121127136142159185199203
Profit before Tax8439271,0698078251,2071,5912,2052,5933,0862,887
Tax %22.28%23.18%30.53%12.62%23.03%22.64%22.82%21.96%22.87%23.47%24.97%
Net Profit6557127437066359341,2281,7212,0002,3622,166
EPS26.5625.6826.7925.4522.9133.6844.3162.0772.1585.20—
Dividend Payout %52.71%58.41%63.46%55.00%65.48%54.92%56.43%61.22%71.38%77.46%—

COMPOUNDED SALES GROWTH

10 Years:
10%
5 Years:
23%
3 Years:
16%

COMPOUNDED PROFIT GROWTH

10 Years:
13%
5 Years:
30%
3 Years:
24%

STOCK PRICE CAGR

10 Years:
18%
5 Years:
37%
3 Years:
44%
1 Year:
26%

RETURN ON EQUITY

10 Years:
21%
5 Years:
25%
3 Years:
28%
Last Year:
29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Jul 17

₹ 23

Rs.46.0000 per share(2300%)Final Dividend

2026

Feb 11

₹ 10

Rs.20.0000 per share(1000%)Interim Dividend

2025

Jul 18

₹ 16.75

Rs.33.5000 per share(1675%)Final Dividend

2025

Feb 14

₹ 9

Rs.18.0000 per share(900%)Interim Dividend

2024

Jul 19

₹ 10

Rs.20.0000 per share(1000%)Final Dividend

2024

Feb 21

₹ 9

Rs.18.0000 per share(900%)Interim Dividend

2023

Jul 26

₹ 6.50

Rs.13.0000 per share(650%)Final Dividend

2023

Feb 21

₹ 6

Rs.12.0000 per share(600%)Interim Dividend

2022

Aug 2

₹ 5.25

Rs.10.5000 per share(525%)Final Dividend

2022

Feb 21

₹ 4

Rs.8.0000 per share(400%)Interim Dividend

2021

Aug 4

₹ 4

Rs.8.0000 per share(400%)Final Dividend

2021

Feb 9

₹ 3.50

Rs.7.0000 per share(350%)Interim Dividend

2020

Aug 17

₹ 3.50

Rs.7.0000 per share(350%)Final Dividend

2019

Feb 15

₹ 3.50

Rs.7.0000 per share(350%)Interim Dividend

2018

Aug 2

₹ 5

Rs.10.0000 per share(500%)Final Dividend

2018

Feb 15

₹ 2.50

Rs.5.0000 per share(250%)Interim Dividend

2017

Jul 27

₹ 4.50

Rs.9.0000 per share(450%)Final Dividend

2017

Feb 9

₹ 2.50

01/03/2017 Equity Rs.5.0000 per share(250%)Interim Dividend

2016

Jul 28

₹ 4.50

Rs.9.0000 per share(450%)Final Dividend

2016

Feb 11

₹ 2.50

Rs.5.0000 per share(250%)Interim Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital55555555555555555555
3,8164,0634,2284,3474,5965,0905,7036,5577,5068,420
285287341544634404141939984
Trade Payables6097608256977311,0001,1501,4091,5671,650
4495496105525115275977569401,095
Total Liabilities5,2145,7156,0606,1965,9567,1127,9198,97110,16811,304
1,2341,2901,2871,2331,1691,2301,2071,3251,4291,477
Capital Work in Progress4633915970796041957877
8627084681,0385998921,4571,6421,4822,153
5705446335775647389049501,0041,168
00000002,0852,2782,754
Cash & Bank1294717384659651,4271,3861,5132,5102,374
1,9562,6632,7762,8132,5802,7662,9231,3611,3871,300
Total Assets5,2145,7156,0606,1965,9567,1127,9198,97110,16811,304

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
9358157917638739661,1721,2851,6831,734
Cash from Investing-487-13416-21415-58669-268-57915
Cash from Financing-226-470-525-412-873-82-687-1,134-1,168-1,495
352844-25-6943201-117-65254

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
51.0051.0051.0051.0051.0051.0051.0051.0051.00
17.8217.3617.9417.0417.2818.1719.3020.6621.19
22.2422.5021.8022.8422.5321.7320.6019.4319.06
Government0.000.000.000.000.000.000.000.000.00
8.668.889.008.858.868.828.868.708.65

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09
Press Release

2026-09-09 - Cummins India Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "Cummins India To Showcase Integrated Power Solutions For India s Evolving Infrastructure Needs At bauma CONEXPO India 2026".

2026-09-03
Copy of Newspaper Publication

2026-09-03 - Cummins India Limited has informed the Exchange about Copy of Newspaper Publication regarding proposed postal ballot.

2026-09-02
Appointment

2026-09-02 - Cummins India Limited has informed the Exchange regarding Appointment of Ms. Avanthi Rao as Vice President Distribution Business and a Senior ManagementPersonnel of the Company w.e.f. October 01, 2026.

2026-08-20
Resignation of Director/KMP/SMP

2026-08-20 - Cummins India Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-20
Resignation

2026-08-20 - Cummins India Limited has informed the Exchange regarding Resignation of Mr Pankaj Kapoor as Senior Management Personnel of the Company w.e.f. September 21, 2026.

2026-08-18
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - Cummins India Limited has informed the Exchange about Schedule of Investor meet / Analyst Call

2026-08-13
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Cummins India Limited has informed the Exchange about Schedule of meet

2026-08-13
Copy of Newspaper Publication

2026-08-13 - CUMMINSIND: Cummins India Limited has informed the Exchange about Copy of Newspaper Publication regarding special window for transfer and dematerialization of physical securities.

2026-08-11
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Cummins India Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for CUMMINSIND

Loading news…

🤖

AI Stock Analyst

Cummins India Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login