WEBSITE BSE:500480 NSE: CUMMINS (I) Inc. Year: 1962 Industry: Diesel Engines
Last updated: 09:34
Cummins India Ltd is an India-based company, that is engaged in the enterprise of producing, trading, and selling of engines and allied activities. The Company operates through two segments: Engines and Lubes. It contains of 3 agencies, which include Engine Business, Power Systems Business and Distribution Business. Its Engine Business manufactures and markets diesel engines for off-highway programs. Its Power Systems Business presents power generation structures for prime, standby and distributes energy generation requirements. Its Distributio...Read More
Cummins India Ltd is an India-based company, that is engaged in the enterprise of producing, trading, and selling of engines and allied activities. The Company operates through two segments: Engines and Lubes. It contains of 3 agencies, which include Engine Business, Power Systems Business and Distribution Business. Its Engine Business manufactures and markets diesel engines for off-highway programs. Its Power Systems Business presents power generation structures for prime, standby and distributes energy generation requirements. Its Distribution Business provides solutions for uptime of its equipment and engines, products, services. Its product category consists of engines, generators and energy systems and additives. Its number one merchandise are compression ignition, inner combustion engines, generator sets, and aspect or parts. It serves numerous industries, consisting of agriculture, bus, commercial power, production, marine, rail, oil and gasoline, trucking and mining. ...Read Less
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Market Cap ₹122409 Cr.
Stock P/E 61.2
P/B 14.7
Current Price ₹4415.9
Book Value ₹ 300.3
Face Value 2
52W High ₹4614.8
Dividend Yield 1.17%
52W Low ₹ 2594.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1922 | 2541 | 2319 | 2316 | 2509 | 3096 | 2470 | 2907 | 3170 | 3055 |
| Other Income | 90 | 99 | 100 | 104 | 105 | 111 | 126 | 134 | 123 | 116 |
| Total Income | 2011 | 2641 | 2419 | 2419 | 2614 | 3208 | 2597 | 3041 | 3293 | 3171 |
| Total Expenditure | 1575 | 1999 | 1781 | 1842 | 2025 | 2499 | 1945 | 2283 | 2475 | 2420 |
| Operating Profit | 436 | 642 | 638 | 577 | 589 | 709 | 652 | 757 | 818 | 750 |
| Interest | 7 | 6 | 6 | 5 | 3 | 3 | 5 | 3 | 3 | 5 |
| Depreciation | 38 | 42 | 42 | 44 | 45 | 49 | 46 | 48 | 49 | 50 |
| Exceptional Income / Expenses | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | -127 |
| Profit Before Tax | 391 | 591 | 590 | 528 | 542 | 657 | 600 | 719 | 766 | 569 |
| Provision for Tax | 100 | 148 | 137 | 132 | 144 | 155 | 161 | 181 | 202 | 139 |
| Profit After Tax | 291 | 444 | 452 | 395 | 397 | 502 | 439 | 539 | 564 | 429 |
| Adjustments | 38 | 55 | 87 | 67 | 52 | 57 | 90 | 65 | 58 | 57 |
| Profit After Adjustments | 329 | 499 | 539 | 463 | 449 | 558 | 530 | 604 | 622 | 486 |
| Adjusted Earnings Per Share | 11.9 | 18 | 19.4 | 16.7 | 16.2 | 20.1 | 19.1 | 21.8 | 22.5 | 17.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4916 | 4720 | 5106 | 5112 | 5697 | 5191 | 4360 | 6171 | 7772 | 9000 | 10391 | 11602 |
| Other Income | 208 | 120 | 144 | 162 | 240 | 259 | 276 | 254 | 309 | 379 | 447 | 499 |
| Total Income | 5124 | 4841 | 5251 | 5274 | 5937 | 5450 | 4636 | 6425 | 8082 | 9379 | 10838 | 12102 |
| Total Expenditure | 4101 | 3950 | 4305 | 4380 | 4833 | 4603 | 3780 | 5294 | 6526 | 7231 | 8311 | 9123 |
| Operating Profit | 1023 | 891 | 946 | 894 | 1104 | 847 | 856 | 1131 | 1556 | 2148 | 2527 | 2977 |
| Interest | 2 | 10 | 17 | 15 | 17 | 21 | 17 | 12 | 16 | 27 | 16 | 16 |
| Depreciation | 86 | 81 | 85 | 94 | 111 | 121 | 127 | 136 | 142 | 159 | 185 | 193 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 56 | 0 | -20 | 0 | 132 | -14 | -2 | 0 | -114 |
| Profit Before Tax | 935 | 799 | 843 | 927 | 1069 | 807 | 825 | 1207 | 1591 | 2205 | 2593 | 2654 |
| Provision for Tax | 177 | 171 | 188 | 215 | 326 | 102 | 190 | 273 | 363 | 484 | 593 | 683 |
| Profit After Tax | 757 | 628 | 655 | 712 | 743 | 706 | 635 | 934 | 1228 | 1721 | 2000 | 1971 |
| Adjustments | 15 | 93 | 81 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270 |
| Profit After Adjustments | 772 | 721 | 736 | 712 | 743 | 706 | 635 | 934 | 1228 | 1721 | 2000 | 2242 |
| Adjusted Earnings Per Share | 27.9 | 26 | 26.6 | 25.7 | 26.8 | 25.5 | 22.9 | 33.7 | 44.3 | 62.1 | 72.1 | 80.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 15% | 19% | 15% | 8% |
| Operating Profit CAGR | 18% | 31% | 24% | 9% |
| PAT CAGR | 16% | 29% | 23% | 10% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 53% | 41% | 42% | 17% |
| ROE Average | 28% | 26% | 22% | 21% |
| ROCE Average | 37% | 33% | 28% | 26% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 3089 | 3609 | 3871 | 4119 | 4283 | 4402 | 4651 | 5145 | 5758 | 6612 | 7561 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2020 | 151 | 127 | 140 | 243 | 226 | 196 | 222 | 270 | 301 | 349 |
| Total Current Liabilities | 1298 | 902 | 1216 | 1456 | 1534 | 1568 | 1109 | 1745 | 1890 | 2057 | 2233 |
| Total Liabilities | 6407 | 4662 | 5214 | 5715 | 6060 | 6196 | 5956 | 7112 | 7919 | 8971 | 10168 |
| Fixed Assets | 1307 | 1291 | 1234 | 1290 | 1287 | 1233 | 1169 | 1230 | 1207 | 1325 | 1429 |
| Other Non-Current Assets | 2554 | 1081 | 1292 | 1195 | 1345 | 1580 | 1532 | 1469 | 1613 | 1703 | 1731 |
| Total Current Assets | 2545 | 2253 | 2643 | 3226 | 3425 | 3368 | 3236 | 4411 | 5097 | 5940 | 6921 |
| Total Assets | 6407 | 4662 | 5214 | 5715 | 6060 | 6196 | 5956 | 7112 | 7919 | 8971 | 10168 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 88 | 75 | 85 | 124 | 152 | 195 | 181 | 122 | 177 | 397 | 300 |
| Cash Flow from Operating Activities | 589 | 696 | 748 | 632 | 553 | 601 | 789 | 712 | 820 | 1285 | 1685 |
| Cash Flow from Investing Activities | -146 | -212 | -487 | -134 | 16 | -214 | 15 | -586 | 69 | -268 | -582 |
| Cash Flow from Financing Activities | -444 | -471 | -226 | -470 | -525 | -412 | -873 | -82 | -687 | -1134 | -1168 |
| Net Cash Inflow / Outflow | -1 | 12 | 35 | 28 | 44 | -25 | -69 | 43 | 201 | -117 | -65 |
| Closing Cash & Cash Equivalent | 87 | 85 | 124 | 152 | 195 | 181 | 122 | 177 | 397 | 300 | 237 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 27.85 | 26.02 | 26.56 | 25.68 | 26.79 | 25.45 | 22.91 | 33.68 | 44.31 | 62.07 | 72.15 |
| CEPS(Rs) | 30.44 | 25.6 | 26.72 | 29.08 | 30.8 | 29.8 | 27.5 | 38.58 | 49.43 | 67.81 | 78.82 |
| DPS(Rs) | 14 | 14 | 14 | 15 | 17 | 14 | 15 | 18.5 | 25 | 38 | 51.5 |
| Book NAV/Share(Rs) | 111.43 | 130.19 | 139.65 | 148.58 | 154.51 | 158.8 | 167.8 | 185.61 | 207.73 | 238.54 | 272.78 |
| Core EBITDA Margin(%) | 15.4 | 15.1 | 14.68 | 14.11 | 15.18 | 11.33 | 13.3 | 14.21 | 15.65 | 19.33 | 19.61 |
| EBIT Margin(%) | 17.69 | 15.87 | 15.76 | 18.14 | 19.06 | 15.96 | 19.31 | 19.76 | 20.19 | 24.4 | 24.59 |
| Pre Tax Margin(%) | 17.65 | 15.68 | 15.45 | 17.85 | 18.76 | 15.55 | 18.92 | 19.56 | 19.98 | 24.1 | 24.44 |
| PAT Margin (%) | 14.31 | 12.32 | 12 | 13.71 | 13.03 | 13.59 | 14.56 | 15.13 | 15.42 | 18.81 | 18.85 |
| Cash Profit Margin (%) | 15.94 | 13.92 | 13.57 | 15.53 | 14.98 | 15.91 | 17.48 | 17.33 | 17.21 | 20.55 | 20.6 |
| ROA(%) | 17.42 | 11.35 | 13.27 | 13.03 | 12.61 | 11.51 | 10.45 | 14.29 | 16.34 | 20.38 | 20.9 |
| ROE(%) | 33.12 | 18.76 | 17.52 | 17.82 | 17.68 | 16.25 | 14.03 | 19.06 | 22.53 | 27.82 | 28.22 |
| ROCE(%) | 40.67 | 24.14 | 22.24 | 22.16 | 24.2 | 17.47 | 17.6 | 23.88 | 27.6 | 34.82 | 36.55 |
| Receivable days | 58.15 | 68.94 | 63.85 | 80.93 | 83.98 | 85.4 | 93.5 | 69.39 | 65.44 | 73.46 | 75.07 |
| Inventory Days | 42.66 | 48.22 | 39.34 | 39.18 | 37.71 | 42.54 | 47.78 | 38.5 | 37.61 | 36.97 | 33.61 |
| Payable days | 69.45 | 74.51 | 64.79 | 76.49 | 79.91 | 82.42 | 94.32 | 76.9 | 75.1 | 80.9 | 82.35 |
| PER(x) | 31.5 | 32.36 | 35.69 | 27.3 | 27.81 | 12.79 | 40.14 | 33.36 | 36.77 | 48.46 | 42.27 |
| Price/Book(x) | 7.87 | 6.47 | 6.79 | 4.72 | 4.82 | 2.05 | 5.48 | 6.06 | 7.84 | 12.61 | 11.18 |
| Dividend Yield(%) | 1.6 | 1.66 | 1.48 | 2.14 | 2.28 | 4.3 | 1.63 | 1.65 | 1.53 | 1.26 | 1.69 |
| EV/Net Sales(x) | 4.93 | 4.93 | 5.17 | 3.76 | 3.55 | 1.74 | 5.63 | 4.88 | 5.68 | 9.11 | 7.9 |
| EV/Core EBITDA(x) | 23.69 | 26.12 | 27.92 | 21.5 | 18.32 | 10.69 | 28.68 | 26.63 | 28.36 | 38.17 | 32.46 |
| Net Sales Growth(%) | 38.14 | -3.99 | 8.18 | 0.11 | 11.45 | -8.88 | -16.01 | 41.53 | 25.95 | 15.8 | 15.45 |
| EBIT Growth(%) | 50.43 | -13.59 | 6.29 | 9.49 | 15.28 | -23.69 | 1.6 | 44.83 | 31.86 | 38.85 | 16.87 |
| PAT Growth(%) | 70.12 | -17.04 | 4.27 | 8.65 | 4.33 | -4.98 | -10 | 47.04 | 31.53 | 40.1 | 16.24 |
| EPS Growth(%) | 66.77 | -6.57 | 2.07 | -3.32 | 4.33 | -4.98 | -10 | 47.04 | 31.53 | 40.1 | 16.24 |
| Debt/Equity(x) | 0 | 0 | 0.07 | 0.06 | 0.07 | 0.11 | 0 | 0.08 | 0.06 | 0.02 | 0 |
| Current Ratio(x) | 1.96 | 2.5 | 2.17 | 2.22 | 2.23 | 2.15 | 2.92 | 2.53 | 2.7 | 2.89 | 3.1 |
| Quick Ratio(x) | 1.39 | 1.82 | 1.7 | 1.84 | 1.82 | 1.78 | 2.41 | 2.11 | 2.22 | 2.43 | 2.65 |
| Interest Cover(x) | 535.1 | 82.57 | 50.39 | 62 | 64.74 | 39.41 | 50.22 | 100.26 | 98.99 | 81.46 | 164.58 |
| Total Debt/Mcap(x) | 0 | 0 | 0.01 | 0.01 | 0.02 | 0.05 | 0 | 0.01 | 0.01 | 0 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
| FII | 16.33 | 16.37 | 17.22 | 17.82 | 17.36 | 17.94 | 17.05 | 17.27 | 18.17 | 19.31 |
| DII | 22.32 | 23.69 | 23.15 | 22.52 | 22.76 | 22.06 | 23.11 | 22.87 | 22.01 | 20.83 |
| Public | 10.36 | 8.94 | 8.63 | 8.66 | 8.88 | 9 | 8.85 | 8.86 | 8.82 | 8.86 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 14.14 | 14.14 | 14.14 | 14.14 | 14.14 | 14.14 | 14.14 | 14.14 | 14.14 | 14.14 |
| FII | 4.53 | 4.54 | 4.77 | 4.94 | 4.81 | 4.97 | 4.72 | 4.79 | 5.04 | 5.35 |
| DII | 6.19 | 6.57 | 6.42 | 6.24 | 6.31 | 6.12 | 6.41 | 6.34 | 6.1 | 5.77 |
| Public | 2.87 | 2.48 | 2.39 | 2.4 | 2.46 | 2.49 | 2.45 | 2.46 | 2.45 | 2.46 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 | 27.72 |
* The pros and cons are machine generated.
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