Cummins India Limited CUMMINSIND NSEINFRA
Company Overview
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 and browse engines; and generators and power systems, including integrated power systems, alternators, transfer switches, generator set controls, system level controls and switchgears, remote monitoring, 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, tire inflation system, precision forged gears, suspensions, transfer cases, trailer solutions, and transmissions; parts and sales and services; software and electronic products; and digital products. The company serves Data Centers, Healthcare, Hospitality, Infrastructure, Realty, Manufacturing, and water treatment industries, as well as end users, original equipment manufacturers, 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.
Why Investors Should Care
Generates a return on equity of 27.9%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 35.0%.
Net profit has compounded at 24.4% per year over the last five years.
Revenue has grown at a 16.1% CAGR over the past five years.
Maintains a net profit margin of 19.8%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹11,949.73 Cr (+16.9% YoY); net profit ₹2,361.75 Cr.
- Trailing 12 Months Year-on-year growth — revenue +16.9%, earnings +18.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 16.1%, profit CAGR 24.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 16.07% |
| 1 Year: | 16.93% |
Compounded Profit Growth
| 5 Years: | 24.35% |
| 1 Year: | 18.09% |
Stock Price Performance
| 1 Year: | +59.51% |
| 6 Months: | +35.08% |
| 3 Months: | +9.87% |
| 1 Month: | -3.80% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)47.14 · Neutral
P/E of 64.97 is above the sector median of 29.60 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 27.9%.
- 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 65.0.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 5,535.50 | 64.97 | ₹1.53 L Cr | 1.17% | 34.95% | 27.87% | 16.07% | 24.35% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,849.40 | 32.93 | ₹5.30 L Cr | 0.96% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,834.20 | 31.50 | ₹4.23 L Cr | 0.42% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 410.75 | 56.42 | ₹3.00 L Cr | 1.05% | 31.88% | 25.27% | 16.63% | 26.64% |
| 5 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,463.30 | 32.75 | ₹2.98 L Cr | 0.44% | 13.80% | 22.21% | 7.87% | 16.08% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 5,202.50 | -84.07 | ₹2.01 L Cr | 0.24% | 4.02% | -34.31% | 16.59% | -227.40% |
| 7 | ABB ABB India Limited NSEAIINFRA | 6,951.50 | 88.30 | ₹1.47 L Cr | 0.58% | 28.45% | 21.29% | 15.41% | 17.97% |
| 8 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 33,005.00 | 148.92 | ₹1.47 L Cr | 0.02% | 24.92% | 19.09% | 22.24% | 119.12% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,517.00 | 53.78 | ₹1.43 L Cr | 0.51% | 30.44% | 22.25% | 26.57% | 28.11% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,934.00 Cr | 2,218.00 Cr | 1,922.00 Cr | 2,541.00 Cr | 2,319.00 Cr | 2,316.00 Cr | 2,509.00 Cr | 3,052.15 Cr | 2,428.13 Cr | 2,858.71 Cr | 3,170.00 Cr | 3,006.24 Cr | 2,963.20 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 2,017.04 Cr | 1,543.07 Cr | 1,831.63 Cr | - | 1,898.52 Cr | 1,926.03 Cr |
| Gross Profit | - | - | - | - | - | - | - | 1,035.11 Cr | 885.06 Cr | 1,027.08 Cr | - | 1,107.72 Cr | 1,037.17 Cr |
| Operating Expenses | 1,604.00 Cr | 1,876.00 Cr | 1,575.00 Cr | 1,999.00 Cr | 1,781.00 Cr | 1,842.00 Cr | 2,025.00 Cr | 486.82 Cr | 406.32 Cr | 451.51 Cr | 2,475.00 Cr | 523.61 Cr | 446.11 Cr |
| Operating Income | 292.00 Cr | 306.00 Cr | 308.00 Cr | 501.00 Cr | 497.00 Cr | 429.00 Cr | 439.00 Cr | 548.29 Cr | 478.74 Cr | 575.57 Cr | 646.00 Cr | 584.11 Cr | 591.06 Cr |
| EBITDA | 330.00 Cr | 342.00 Cr | 346.00 Cr | 543.00 Cr | 539.00 Cr | 473.00 Cr | 484.00 Cr | 765.89 Cr | 742.09 Cr | 835.25 Cr | 695.00 Cr | 680.66 Cr | 905.25 Cr |
| Interest Expense | 7.00 Cr | 8.00 Cr | 7.00 Cr | 6.00 Cr | 6.00 Cr | 5.00 Cr | 3.00 Cr | 3.02 Cr | 5.29 Cr | 2.65 Cr | 3.00 Cr | 4.78 Cr | 2.43 Cr |
| Pretax Income | 444.00 Cr | 453.00 Cr | 429.00 Cr | 647.00 Cr | 676.00 Cr | 595.00 Cr | 594.00 Cr | 713.59 Cr | 690.31 Cr | 784.67 Cr | 824.00 Cr | 625.52 Cr | 851.73 Cr |
| Tax Provision | 93.24 Cr | 99.66 Cr | 98.67 Cr | 148.81 Cr | 135.20 Cr | 130.90 Cr | 142.56 Cr | 155.13 Cr | 160.81 Cr | 180.77 Cr | 197.76 Cr | 139.46 Cr | 202.27 Cr |
| Net Income | 349.00 Cr | 354.00 Cr | 329.00 Cr | 499.00 Cr | 539.00 Cr | 463.00 Cr | 449.00 Cr | 558.46 Cr | 529.50 Cr | 603.90 Cr | 622.00 Cr | 486.06 Cr | 649.46 Cr |
| Diluted EPS | 12.59 | 12.76 | 11.87 | 18.00 | 19.44 | 16.69 | 16.21 | 20.15 | 19.10 | 21.79 | 22.45 | 17.53 | 23.43 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,916.00 Cr | 4,720.00 Cr | 5,106.00 Cr | 5,112.00 Cr | 5,697.00 Cr | 5,191.00 Cr | 4,360.00 Cr | - | 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 | 6,795.63 Cr | 7,878.16 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 2,284.53 Cr | 2,929.32 Cr | 3,423.61 Cr | 4,071.57 Cr |
| Operating Expenses | 4,101.00 Cr | 3,945.00 Cr | 4,302.00 Cr | 4,374.00 Cr | 4,828.00 Cr | 4,598.00 Cr | 3,757.00 Cr | - | 1,177.49 Cr | 1,317.97 Cr | 1,529.03 Cr | 1,674.38 Cr |
| Operating Income | 729.00 Cr | 694.00 Cr | 720.00 Cr | 644.00 Cr | 758.00 Cr | 472.00 Cr | 476.00 Cr | - | 1,107.04 Cr | 1,611.35 Cr | 1,894.58 Cr | 2,397.19 Cr |
| EBITDA | 815.00 Cr | 775.00 Cr | 805.00 Cr | 738.00 Cr | 869.00 Cr | 593.00 Cr | 603.00 Cr | - | 1,749.57 Cr | 2,391.19 Cr | 2,794.51 Cr | 3,298.51 Cr |
| Interest Expense | 2.00 Cr | 10.00 Cr | 17.00 Cr | 15.00 Cr | 17.00 Cr | 21.00 Cr | 17.00 Cr | - | 16.24 Cr | 27.40 Cr | 15.85 Cr | 12.41 Cr |
| Pretax Income | 935.00 Cr | 799.00 Cr | 843.00 Cr | 927.00 Cr | 1,069.00 Cr | 807.00 Cr | 825.00 Cr | - | 1,591.29 Cr | 2,204.61 Cr | 2,592.81 Cr | 3,085.95 Cr |
| Tax Provision | 177.65 Cr | 167.79 Cr | 185.46 Cr | 213.21 Cr | 331.39 Cr | 104.91 Cr | 189.75 Cr | - | 363.14 Cr | 484.03 Cr | 592.87 Cr | 724.20 Cr |
| Net Income | 772.00 Cr | 721.00 Cr | 736.00 Cr | 712.00 Cr | 743.00 Cr | 706.00 Cr | 635.00 Cr | - | 1,228.15 Cr | 1,720.58 Cr | 1,999.94 Cr | 2,361.75 Cr |
| Diluted EPS | 27.85 | 26.02 | 26.56 | 25.68 | 26.79 | 25.45 | 22.91 | - | 44.31 | 62.07 | 72.15 | 85.20 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 4,599.00 Cr | 4,662.00 Cr | 5,214.00 Cr | 5,715.00 Cr | 6,060.00 Cr | 6,196.00 Cr | 5,956.00 Cr | - | 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 | 3.00 Cr | 3.00 Cr | 252.00 Cr | 257.00 Cr | 313.00 Cr | 512.00 Cr | 40.00 Cr | - | 376.09 Cr | 126.98 Cr | 29.66 Cr | 36.51 Cr |
| Total Equity | 3,088.00 Cr | 3,608.00 Cr | 3,871.00 Cr | 4,118.00 Cr | 4,283.00 Cr | 4,402.00 Cr | 4,651.00 Cr | - | 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 589.00 Cr | 696.00 Cr | 748.00 Cr | 632.00 Cr | 553.00 Cr | 601.00 Cr | 789.00 Cr | - | 819.66 Cr | 1,285.34 Cr | 1,682.59 Cr | 1,734.26 Cr |
| Investing Cash Flow | -146.00 Cr | -215.00 Cr | -483.00 Cr | -134.00 Cr | 15.00 Cr | -202.00 Cr | 25.00 Cr | - | 69.14 Cr | -268.22 Cr | -579.45 Cr | 14.99 Cr |
| Financing Cash Flow | -444.00 Cr | -471.00 Cr | -226.00 Cr | -470.00 Cr | -525.00 Cr | -412.00 Cr | -873.00 Cr | - | -687.34 Cr | -1,134.25 Cr | -1,167.96 Cr | -1,495.05 Cr |
| Capital Expenditure | -338.00 Cr | -491.00 Cr | -232.00 Cr | -92.00 Cr | -274.00 Cr | -237.00 Cr | -114.00 Cr | - | -162.06 Cr | -288.18 Cr | -226.04 Cr | -251.71 Cr |
| Free Cash Flow | 251.00 Cr | 205.00 Cr | 516.00 Cr | 540.00 Cr | 279.00 Cr | 364.00 Cr | 675.00 Cr | - | 657.60 Cr | 997.16 Cr | 1,456.55 Cr | 1,482.55 Cr |
| Net Change in Cash | -1.00 Cr | 10.00 Cr | 39.00 Cr | 28.00 Cr | 43.00 Cr | -14.00 Cr | -60.00 Cr | - | 201.46 Cr | -117.13 Cr | -64.82 Cr | 254.20 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 29.9% | 33.1% | 33.5% | 34.1% |
| Operating Margin % | 14.8% | 14.7% | 14.1% | 12.6% | 13.3% | 9.1% | 10.9% | - | 14.5% | 18.2% | 18.5% | 20.1% |
| Net Margin % | 15.7% | 15.3% | 14.4% | 13.9% | 13.0% | 13.6% | 14.6% | - | 16.1% | 19.4% | 19.6% | 19.8% |
| ROE % | 25.0% | 20.0% | 19.0% | 17.3% | 17.3% | 16.0% | 13.7% | - | 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.
Latest News
Recent headlines for CUMMINSIND
Income Investors Should Know That Cummins India Limited (NSE:CUMMINSIND) Goes Ex-Dividend Soon - simplywall.st
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CUMMINSIND — Frequently Asked Questions
What is the current share price of Cummins India Limited (CUMMINSIND)?
As of 2026-07-15 09:52 IST, Cummins India Limited (CUMMINSIND) trades at ₹5,535.50 on NSE. Its 52-week range is ₹3,470.24 to ₹6,027.50.
What is the market capitalisation of CUMMINSIND?
Cummins India Limited (CUMMINSIND) has a market capitalisation of ₹1.53 L Cr on NSE.
What is the P/E ratio of CUMMINSIND?
CUMMINSIND trades at a trailing price-to-earnings (P/E) ratio of 64.97. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 18.17.
Does CUMMINSIND pay a dividend?
Cummins India Limited (CUMMINSIND) currently offers a dividend yield of 1.17%.
What is the return on equity (ROE) of CUMMINSIND?
CUMMINSIND has a return on equity (ROE) of 27.87%. Its return on capital employed (ROCE) is 34.95%.
Is CUMMINSIND a good stock to buy?
This page provides a data-driven analysis of Cummins India Limited (CUMMINSIND), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.