Cummins India Limited CUMMINSIND NSEINFRA
Cummins India Limited engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies in India, Nepal, and Bhutan. The company operates through two segments, Engines and Lubes. It provides accelera, G-drive, fire pump drive, hydrogen, and natural gas engines; and generators and power systems, including integrated power systems, alternators, transfer switches, generator set controls, system level controls and switchgears, and browse generators. The company also offers engine components, such as fuel systems, turbochargers, and engine braking and valvetrain technologies; and aftertreatment emission solutions, as well as operates component care centers. In addition, it offers drivetrain and braking systems comprising axles, brakes, carriers, drivelines, gearboxes and power take-offs, gears, suspensions, tire inflation systems, transfer cases, trailer solutions, and transmissions; parts and sales and services; software and electronic products; and digital products. The company serves commercial buildings, data centers, realty, infrastructure, hospitality, defense, greenhouse, healthcare, manufacturing, marine, mining, oil and gas, rental power, RVs, small business, telecom, water treatment, automotive, power transmission, and distribution industries, as well as end users, original equipment manufacturers (OEMs), channel partners, dealers, and retailers. It exports to the United States, Europe, Mexico, Africa, the Middle East, and China. The company was incorporated in 1962 and is headquartered in Pune, India. Cummins India Limited is a subsidiary of Cummins Inc.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 29.5%.
- Healthy ROCE of 35.0%.
- Compounding revenue at 16.1% over 5 years.
- Profit CAGR of 24.4% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 69.0.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 8 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
| 9 | SIEMENS Siemens Limited NSEAIINFRA | 3,844.00 | 81.30 | ₹1.37 L Cr | 0.39% | 16.46% | - | 3.04% | 10.90% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 2,465.09 Cr | 3,052.15 Cr | 2,428.13 Cr | 2,858.71 Cr | 3,006.24 Cr | 2,963.20 Cr |
| Cost of Revenue | 1,604.35 Cr | 2,017.04 Cr | 1,543.07 Cr | 1,831.63 Cr | 1,898.52 Cr | 1,926.03 Cr |
| Gross Profit | 860.74 Cr | 1,035.11 Cr | 885.06 Cr | 1,027.08 Cr | 1,107.72 Cr | 1,037.17 Cr |
| Operating Expenses | 421.76 Cr | 486.82 Cr | 406.32 Cr | 451.51 Cr | 523.61 Cr | 446.11 Cr |
| Operating Income | 438.98 Cr | 548.29 Cr | 478.74 Cr | 575.57 Cr | 584.11 Cr | 591.06 Cr |
| EBITDA | 641.38 Cr | 765.89 Cr | 742.09 Cr | 835.25 Cr | 680.66 Cr | 905.25 Cr |
| Interest Expense | 2.58 Cr | 3.02 Cr | 5.29 Cr | 2.65 Cr | 4.78 Cr | 2.43 Cr |
| Pretax Income | 593.84 Cr | 713.59 Cr | 690.31 Cr | 784.67 Cr | 625.52 Cr | 851.73 Cr |
| Tax Provision | 144.47 Cr | 155.13 Cr | 160.81 Cr | 180.77 Cr | 139.46 Cr | 202.27 Cr |
| Net Income | 449.37 Cr | 558.46 Cr | 529.50 Cr | 603.90 Cr | 486.06 Cr | 649.46 Cr |
| Diluted EPS | 16.21 | 20.15 | 19.10 | 21.79 | 17.53 | 23.43 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 7,641.40 Cr | 8,859.99 Cr | 10,219.24 Cr | 11,949.73 Cr |
| Cost of Revenue | - | 5,356.87 Cr | 5,930.67 Cr | 6,594.86 Cr | 7,668.51 Cr |
| Gross Profit | - | 2,284.53 Cr | 2,929.32 Cr | 3,624.38 Cr | 4,281.22 Cr |
| Operating Expenses | - | 1,177.49 Cr | 1,317.97 Cr | 1,729.41 Cr | 1,884.87 Cr |
| Operating Income | - | 1,107.04 Cr | 1,611.35 Cr | 1,894.97 Cr | 2,396.35 Cr |
| EBITDA | - | 1,749.57 Cr | 2,391.19 Cr | 2,793.73 Cr | 3,296.92 Cr |
| Interest Expense | - | 16.24 Cr | 27.40 Cr | 15.85 Cr | 12.41 Cr |
| Pretax Income | - | 1,591.29 Cr | 2,204.61 Cr | 2,592.81 Cr | 3,085.95 Cr |
| Tax Provision | - | 363.14 Cr | 484.03 Cr | 592.87 Cr | 724.20 Cr |
| Net Income | - | 1,228.15 Cr | 1,720.58 Cr | 1,999.94 Cr | 2,361.75 Cr |
| Diluted EPS | - | 44.31 | 62.07 | 72.15 | 85.20 |
Compounded Sales Growth
| 5 Years: | 16.07% |
| 1 Year: | 21.90% |
Compounded Profit Growth
| 5 Years: | 24.35% |
| 1 Year: | 22.70% |
Stock Price Performance
| 1 Year: | +88.16% |
| 6 Months: | +37.42% |
| 3 Months: | +20.41% |
| 1 Month: | +11.21% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 7,918.64 Cr | 8,970.51 Cr | 10,168.49 Cr | 11,304.21 Cr |
| Current Assets | - | 5,098.47 Cr | 5,942.20 Cr | 7,008.51 Cr | 8,110.18 Cr |
| Cash & Equivalents | - | 396.69 Cr | 299.89 Cr | 234.99 Cr | 500.01 Cr |
| Inventory | - | 903.66 Cr | 949.65 Cr | 1,004.07 Cr | 1,168.45 Cr |
| Receivables | - | 1,597.12 Cr | 2,085.35 Cr | 2,277.75 Cr | 2,754.27 Cr |
| Total Liabilities | - | 2,160.40 Cr | 2,358.19 Cr | 2,607.09 Cr | 2,829.05 Cr |
| Current Liabilities | - | 1,890.35 Cr | 2,056.93 Cr | 2,258.47 Cr | 2,439.70 Cr |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 376.09 Cr | 126.98 Cr | 29.66 Cr | 36.51 Cr |
| Total Equity | - | 5,758.24 Cr | 6,612.32 Cr | 7,561.40 Cr | 8,475.16 Cr |
| Shares Outstanding | - | 27.72 Cr | 27.72 Cr | 27.72 Cr | 27.72 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 819.66 Cr | 1,285.34 Cr | 1,682.59 Cr | 1,734.26 Cr |
| Investing Cash Flow | - | 69.14 Cr | -268.22 Cr | -579.45 Cr | 14.99 Cr |
| Financing Cash Flow | - | -687.34 Cr | -1,134.25 Cr | -1,167.96 Cr | -1,495.05 Cr |
| Capital Expenditure | - | -162.06 Cr | -288.18 Cr | -226.04 Cr | -251.71 Cr |
| Free Cash Flow | - | 657.60 Cr | 997.16 Cr | 1,456.55 Cr | 1,482.55 Cr |
| Net Change in Cash | - | 201.46 Cr | -117.13 Cr | -64.82 Cr | 254.20 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 29.9% | 33.1% | 35.5% | 35.8% |
| Operating Margin % | - | 14.5% | 18.2% | 18.5% | 20.1% |
| Net Margin % | - | 16.1% | 19.4% | 19.6% | 19.8% |
| ROE % | - | 21.3% | 26.0% | 26.4% | 27.9% |
| ROCE % | - | 18.4% | 23.3% | 24.0% | 27.0% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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