Share Price and Basic Stock Data
Last Updated: October 29, 2025, 4:57 am
| PEG Ratio | 3.14 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Cummins India Ltd, a prominent player in the engines industry, reported a market capitalization of ₹1,18,797 Cr and a stock price of ₹4,286. The company has shown significant sales growth, with reported revenues rising from ₹6,140 Cr in FY 2022 to ₹7,744 Cr in FY 2023, and projected revenues of ₹10,339 Cr for FY 2025. The TTM sales stood at ₹10,942 Cr, indicating a robust demand for its products. Quarterly sales figures demonstrate a consistent upward trajectory, with the latest reported revenue for Dec 2023 at ₹2,534 Cr, up from ₹1,926 Cr in Mar 2023. The company’s operating profit margin (OPM) has also improved, reaching 21% in FY 2024, reflecting effective cost management and operational efficiency. The overall performance indicates that Cummins India is well-positioned in the market, leveraging its technological edge and brand reputation to capitalize on growth opportunities.
Profitability and Efficiency Metrics
Cummins India Ltd reported a net profit of ₹2,075 Cr in FY 2025, showcasing a substantial increase from ₹1,130 Cr in FY 2023. The company’s return on equity (ROE) stood at an impressive 28.8%, while the return on capital employed (ROCE) reached 37.6%, both figures being significantly higher than typical industry averages. This performance underscores the firm’s ability to generate profits effectively from shareholder equity and total capital employed. The interest coverage ratio (ICR) was reported at 159.43x, indicating strong earnings relative to interest expenses, which enhances financial stability. Moreover, the cash conversion cycle (CCC) was recorded at 51 days, reflecting efficient management of working capital, although it slightly increased from previous periods. Overall, Cummins India demonstrates robust profitability metrics, indicating healthy margins and efficient operations, positioning it favorably within the engines sector.
Balance Sheet Strength and Financial Ratios
Cummins India Ltd maintains a strong balance sheet, with total assets reported at ₹9,606 Cr and total borrowings at a minimal ₹30 Cr, highlighting a low leverage position. The company’s reserves have grown to ₹6,963 Cr, reflecting accumulated profits and a strong equity base. The price-to-book value (P/BV) ratio stood at 11.18x, which is relatively high compared to sector standards, indicating investor confidence in the company’s growth potential. The current ratio was reported at 3.10, well above the typical threshold of 1.5, suggesting excellent short-term liquidity and the ability to meet current liabilities. Additionally, the net profit margin reached 16.68%, indicating efficient cost management relative to revenues. These financial ratios and balance sheet metrics illustrate Cummins India’s financial robustness, ensuring it can withstand economic fluctuations and invest in future growth opportunities.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Cummins India Ltd reveals strong institutional support, with foreign institutional investors (FIIs) holding 17.50% and domestic institutional investors (DIIs) at 22.53%. Promoters retain a significant stake of 51%, indicating aligned interests with shareholders. Recent trends show a slight increase in FII holdings from 10.37% in Sep 2022 to 17.50% in Mar 2025, reflecting growing confidence among international investors. However, DIIs have seen a marginal decline in their stake from 26.54% in Sep 2022 to 22.53% in Mar 2025. The total number of shareholders rose to 1,59,665, showing an increase in retail participation. This diverse ownership structure coupled with a solid promoter stake signals a stable investor base, enhancing confidence in Cummins India’s strategic direction and operational performance.
Outlook, Risks, and Final Insight
Looking ahead, Cummins India Ltd is well-positioned to capitalize on the increasing demand for engines, particularly in sectors like construction and power generation. The company’s focus on innovation and sustainability could further enhance its competitive edge. However, potential risks include fluctuations in raw material prices and geopolitical tensions that could impact supply chains. Additionally, competition from both domestic and international players may pose challenges to maintaining market share. Overall, Cummins India’s strong financial performance, robust balance sheet, and positive shareholder sentiment suggest a favorable outlook, provided the company navigates the evolving market landscape effectively. The management’s strategic initiatives to enhance efficiency and expand product offerings will be critical in sustaining growth in the coming years.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Cummins India Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Swaraj Engines Ltd | 4,875 Cr. | 4,013 | 4,726/2,517 | 27.5 | 323 | 2.60 % | 56.2 % | 41.9 % | 10.0 |
| Kirloskar Oil Engines Ltd | 14,610 Cr. | 1,006 | 1,238/544 | 32.8 | 213 | 0.65 % | 13.7 % | 15.4 % | 2.00 |
| Greaves Cotton Ltd | 5,208 Cr. | 224 | 320/154 | 78.1 | 60.5 | 0.89 % | 5.13 % | 4.11 % | 2.00 |
| Cummins India Ltd | 1,18,797 Cr. | 4,286 | 4,329/2,580 | 58.2 | 253 | 1.20 % | 37.6 % | 28.8 % | 2.00 |
| Industry Average | 35,872.50 Cr | 2,382.25 | 49.15 | 212.38 | 1.34% | 28.16% | 22.55% | 4.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,687 | 1,951 | 2,181 | 1,926 | 2,209 | 1,900 | 2,534 | 2,316 | 2,304 | 2,492 | 3,086 | 2,457 | 2,907 |
| Expenses | 1,473 | 1,661 | 1,768 | 1,600 | 1,868 | 1,561 | 1,996 | 1,772 | 1,837 | 2,011 | 2,486 | 1,937 | 2,283 |
| Operating Profit | 214 | 291 | 412 | 326 | 341 | 339 | 538 | 544 | 467 | 481 | 600 | 520 | 624 |
| OPM % | 13% | 15% | 19% | 17% | 15% | 18% | 21% | 24% | 20% | 19% | 19% | 21% | 21% |
| Other Income | 86 | 85 | 104 | 131 | 117 | 132 | 112 | 204 | 132 | 161 | 121 | 212 | 197 |
| Interest | 2 | 5 | 3 | 7 | 8 | 7 | 6 | 6 | 5 | 3 | 3 | 5 | 3 |
| Depreciation | 34 | 35 | 34 | 37 | 36 | 38 | 42 | 42 | 44 | 45 | 48 | 46 | 48 |
| Profit before tax | 264 | 336 | 479 | 413 | 415 | 426 | 602 | 701 | 551 | 594 | 670 | 681 | 770 |
| Tax % | 25% | 25% | 25% | 23% | 24% | 23% | 24% | 20% | 24% | 24% | 23% | 23% | 23% |
| Net Profit | 199 | 252 | 360 | 318 | 316 | 329 | 455 | 562 | 420 | 451 | 514 | 521 | 589 |
| EPS in Rs | 7.17 | 9.10 | 12.99 | 11.49 | 11.39 | 11.85 | 16.41 | 20.26 | 15.14 | 16.26 | 18.54 | 18.81 | 21.26 |
Last Updated: August 20, 2025, 11:55 am
Below is a detailed analysis of the quarterly data for Cummins India Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 2,907.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,457.00 Cr. (Mar 2025) to 2,907.00 Cr., marking an increase of 450.00 Cr..
- For Expenses, as of Jun 2025, the value is 2,283.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,937.00 Cr. (Mar 2025) to 2,283.00 Cr., marking an increase of 346.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 624.00 Cr.. The value appears strong and on an upward trend. It has increased from 520.00 Cr. (Mar 2025) to 624.00 Cr., marking an increase of 104.00 Cr..
- For OPM %, as of Jun 2025, the value is 21.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 21.00%.
- For Other Income, as of Jun 2025, the value is 197.00 Cr.. The value appears to be declining and may need further review. It has decreased from 212.00 Cr. (Mar 2025) to 197.00 Cr., marking a decrease of 15.00 Cr..
- For Interest, as of Jun 2025, the value is 3.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5.00 Cr. (Mar 2025) to 3.00 Cr., marking a decrease of 2.00 Cr..
- For Depreciation, as of Jun 2025, the value is 48.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 46.00 Cr. (Mar 2025) to 48.00 Cr., marking an increase of 2.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 770.00 Cr.. The value appears strong and on an upward trend. It has increased from 681.00 Cr. (Mar 2025) to 770.00 Cr., marking an increase of 89.00 Cr..
- For Tax %, as of Jun 2025, the value is 23.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 23.00%.
- For Net Profit, as of Jun 2025, the value is 589.00 Cr.. The value appears strong and on an upward trend. It has increased from 521.00 Cr. (Mar 2025) to 589.00 Cr., marking an increase of 68.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 21.26. The value appears strong and on an upward trend. It has increased from 18.81 (Mar 2025) to 21.26, marking an increase of 2.45.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:28 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,977 | 4,406 | 4,709 | 5,077 | 5,082 | 5,659 | 5,158 | 4,329 | 6,140 | 7,744 | 8,959 | 10,339 | 10,942 |
| Expenses | 3,280 | 3,674 | 3,934 | 4,276 | 4,345 | 4,795 | 4,567 | 3,729 | 5,260 | 6,502 | 7,197 | 8,271 | 8,718 |
| Operating Profit | 697 | 732 | 775 | 802 | 738 | 864 | 590 | 600 | 880 | 1,243 | 1,761 | 2,068 | 2,224 |
| OPM % | 18% | 17% | 16% | 16% | 15% | 15% | 11% | 14% | 14% | 16% | 20% | 20% | 20% |
| Other Income | 178 | 287 | 226 | 208 | 279 | 293 | 308 | 349 | 425 | 406 | 566 | 626 | 691 |
| Interest | 4 | 1 | 10 | 17 | 15 | 16 | 20 | 16 | 12 | 16 | 27 | 15 | 13 |
| Depreciation | 53 | 80 | 81 | 85 | 94 | 110 | 119 | 126 | 134 | 140 | 158 | 183 | 187 |
| Profit before tax | 818 | 937 | 910 | 908 | 908 | 1,030 | 759 | 808 | 1,159 | 1,492 | 2,143 | 2,496 | 2,715 |
| Tax % | 27% | 16% | 17% | 19% | 22% | 30% | 17% | 24% | 24% | 24% | 23% | 24% | |
| Net Profit | 600 | 786 | 754 | 735 | 708 | 723 | 629 | 618 | 887 | 1,130 | 1,661 | 1,906 | 2,075 |
| EPS in Rs | 21.65 | 28.35 | 27.21 | 26.50 | 25.56 | 26.07 | 22.70 | 22.29 | 31.99 | 40.76 | 59.91 | 68.75 | 74.87 |
| Dividend Payout % | 60% | 49% | 51% | 53% | 59% | 65% | 62% | 67% | 58% | 61% | 63% | 75% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 31.00% | -4.07% | -2.52% | -3.67% | 2.12% | -13.00% | -1.75% | 43.53% | 27.40% | 46.99% | 14.75% |
| Change in YoY Net Profit Growth (%) | 0.00% | -35.07% | 1.55% | -1.15% | 5.79% | -15.12% | 11.25% | 45.28% | -16.13% | 19.60% | -32.24% |
Cummins India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 15% |
| 3 Years: | 19% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 25% |
| 3 Years: | 35% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 53% |
| 3 Years: | 48% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 23% |
| 3 Years: | 27% |
| Last Year: | 29% |
Last Updated: September 5, 2025, 2:25 am
Balance Sheet
Last Updated: July 25, 2025, 3:22 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
| Reserves | 2,510 | 2,831 | 3,426 | 3,687 | 3,931 | 4,075 | 4,120 | 4,351 | 4,797 | 5,313 | 6,108 | 6,963 |
| Borrowings | 0 | 0 | 0 | 251 | 252 | 309 | 504 | 33 | 412 | 373 | 120 | 30 |
| Other Liabilities | 1,208 | 1,435 | 1,009 | 1,048 | 1,294 | 1,414 | 1,275 | 1,257 | 1,540 | 1,771 | 2,215 | 2,558 |
| Total Liabilities | 3,773 | 4,322 | 4,490 | 5,041 | 5,531 | 5,854 | 5,954 | 5,697 | 6,805 | 7,512 | 8,498 | 9,606 |
| Fixed Assets | 919 | 1,234 | 1,289 | 1,500 | 2,019 | 2,013 | 2,264 | 2,185 | 2,204 | 2,222 | 2,295 | 2,364 |
| CWIP | 96 | 171 | 519 | 463 | 38 | 159 | 80 | 128 | 61 | 41 | 97 | 85 |
| Investments | 495 | 465 | 334 | 707 | 549 | 285 | 824 | 369 | 615 | 1,085 | 1,215 | 957 |
| Other Assets | 2,262 | 2,452 | 2,348 | 2,370 | 2,925 | 3,397 | 2,786 | 3,015 | 3,925 | 4,164 | 4,891 | 6,200 |
| Total Assets | 3,773 | 4,322 | 4,490 | 5,041 | 5,531 | 5,854 | 5,954 | 5,697 | 6,805 | 7,512 | 8,498 | 9,606 |
Below is a detailed analysis of the balance sheet data for Cummins India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 55.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 55.00 Cr..
- For Reserves, as of Mar 2025, the value is 6,963.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,108.00 Cr. (Mar 2024) to 6,963.00 Cr., marking an increase of 855.00 Cr..
- For Borrowings, as of Mar 2025, the value is 30.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 120.00 Cr. (Mar 2024) to 30.00 Cr., marking a decrease of 90.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 2,558.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,215.00 Cr. (Mar 2024) to 2,558.00 Cr., marking an increase of 343.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 9,606.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8,498.00 Cr. (Mar 2024) to 9,606.00 Cr., marking an increase of 1,108.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 2,364.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,295.00 Cr. (Mar 2024) to 2,364.00 Cr., marking an increase of 69.00 Cr..
- For CWIP, as of Mar 2025, the value is 85.00 Cr.. The value appears to be declining and may need further review. It has decreased from 97.00 Cr. (Mar 2024) to 85.00 Cr., marking a decrease of 12.00 Cr..
- For Investments, as of Mar 2025, the value is 957.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,215.00 Cr. (Mar 2024) to 957.00 Cr., marking a decrease of 258.00 Cr..
- For Other Assets, as of Mar 2025, the value is 6,200.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,891.00 Cr. (Mar 2024) to 6,200.00 Cr., marking an increase of 1,309.00 Cr..
- For Total Assets, as of Mar 2025, the value is 9,606.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,498.00 Cr. (Mar 2024) to 9,606.00 Cr., marking an increase of 1,108.00 Cr..
Notably, the Reserves (6,963.00 Cr.) exceed the Borrowings (30.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 697.00 | 732.00 | 775.00 | 551.00 | 486.00 | 555.00 | 86.00 | 567.00 | 468.00 | -372.00 | -119.00 | -28.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 78 | 73 | 69 | 95 | 82 | 80 | 91 | 74 | 75 | 85 | 81 |
| Inventory Days | 83 | 92 | 74 | 63 | 60 | 63 | 62 | 74 | 65 | 62 | 59 | 57 |
| Days Payable | 73 | 81 | 69 | 68 | 85 | 83 | 75 | 96 | 89 | 80 | 89 | 87 |
| Cash Conversion Cycle | 82 | 88 | 78 | 64 | 71 | 62 | 67 | 68 | 50 | 57 | 55 | 51 |
| Working Capital Days | 43 | 56 | 78 | 48 | 57 | 58 | 40 | 71 | 39 | 36 | 48 | 46 |
| ROCE % | 33% | 31% | 29% | 25% | 21% | 24% | 17% | 19% | 21% | 27% | 36% | 38% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Kotak Emerging Equity Fund - Regular Plan | 5,863,399 | 4.5 | 1920.53 | 5,863,399 | 2025-04-22 17:25:37 | 0% |
| HDFC Mid-Cap Opportunities Fund - Regular Plan | 3,707,341 | 1.91 | 1214.32 | 3,707,341 | 2025-04-22 13:31:13 | 0% |
| Axis Midcap Fund | 2,800,715 | 3.44 | 917.36 | 2,800,715 | 2025-04-22 17:25:37 | 0% |
| SBI Blue Chip Fund | 2,700,000 | 1.95 | 884.37 | 2,700,000 | 2025-04-22 17:25:37 | 0% |
| Kotak Equity Opportunities Fund - Regular Plan | 1,825,000 | 2.78 | 597.77 | 1,825,000 | 2025-04-22 17:25:37 | 0% |
| SBI Long Term Equity Fund | 1,663,190 | 2.33 | 544.77 | 1,663,190 | 2025-04-22 17:25:38 | 0% |
| Nippon India Growth Fund | 1,300,000 | 1.59 | 425.81 | 1,300,000 | 2025-04-22 17:25:38 | 0% |
| Sundaram Mid Cap Fund | 1,245,057 | 3.8 | 407.81 | 1,245,057 | 2025-04-22 17:25:38 | 0% |
| Sundaram Mid Cap Fund - Institutional Plan | 1,245,057 | 3.8 | 407.81 | 1,245,057 | 2025-04-22 17:25:38 | 0% |
| ICICI Prudential Bluechip Fund | 1,018,741 | 0.61 | 333.68 | 1,018,741 | 2025-04-22 17:25:38 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 72.15 | 62.07 | 44.31 | 33.68 | 22.91 |
| Diluted EPS (Rs.) | 72.15 | 62.07 | 44.31 | 33.68 | 22.91 |
| Cash EPS (Rs.) | 69.20 | 58.97 | 41.93 | 35.29 | 23.42 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 272.78 | 238.54 | 207.73 | 185.60 | 167.80 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 272.78 | 238.54 | 207.73 | 185.60 | 167.80 |
| Revenue From Operations / Share (Rs.) | 374.84 | 324.68 | 280.38 | 222.62 | 157.29 |
| PBDIT / Share (Rs.) | 91.16 | 77.48 | 56.13 | 40.81 | 30.87 |
| PBIT / Share (Rs.) | 84.48 | 71.74 | 51.00 | 35.92 | 26.29 |
| PBT / Share (Rs.) | 83.91 | 70.69 | 49.90 | 40.25 | 25.68 |
| Net Profit / Share (Rs.) | 62.52 | 53.23 | 36.80 | 30.40 | 18.83 |
| NP After MI And SOA / Share (Rs.) | 72.15 | 62.07 | 44.31 | 33.68 | 22.91 |
| PBDIT Margin (%) | 24.31 | 23.86 | 20.01 | 18.33 | 19.62 |
| PBIT Margin (%) | 22.53 | 22.09 | 18.19 | 16.13 | 16.71 |
| PBT Margin (%) | 22.38 | 21.77 | 17.79 | 18.08 | 16.32 |
| Net Profit Margin (%) | 16.68 | 16.39 | 13.12 | 13.65 | 11.97 |
| NP After MI And SOA Margin (%) | 19.24 | 19.11 | 15.80 | 15.13 | 14.56 |
| Return on Networth / Equity (%) | 26.44 | 26.02 | 21.32 | 18.14 | 13.65 |
| Return on Capital Employeed (%) | 29.60 | 28.76 | 23.45 | 18.54 | 15.03 |
| Return On Assets (%) | 19.66 | 19.18 | 15.50 | 13.12 | 10.66 |
| Total Debt / Equity (X) | 0.00 | 0.01 | 0.06 | 0.07 | 0.00 |
| Asset Turnover Ratio (%) | 1.09 | 1.07 | 1.03 | 0.96 | 0.72 |
| Current Ratio (X) | 3.10 | 2.89 | 2.70 | 2.53 | 2.94 |
| Quick Ratio (X) | 2.66 | 2.43 | 2.22 | 2.11 | 2.43 |
| Inventory Turnover Ratio (X) | 10.64 | 5.19 | 5.57 | 5.56 | 4.13 |
| Dividend Payout Ratio (NP) (%) | 24.94 | 28.99 | 27.08 | 23.74 | 30.55 |
| Dividend Payout Ratio (CP) (%) | 22.83 | 26.54 | 24.27 | 20.73 | 25.45 |
| Earning Retention Ratio (%) | 75.06 | 71.01 | 72.92 | 76.26 | 69.45 |
| Cash Earning Retention Ratio (%) | 77.17 | 73.46 | 75.73 | 79.27 | 74.55 |
| Interest Coverage Ratio (X) | 159.43 | 78.38 | 95.81 | 93.03 | 51.06 |
| Interest Coverage Ratio (Post Tax) (X) | 110.35 | 54.91 | 64.70 | 59.41 | 32.14 |
| Enterprise Value (Cr.) | 82035.71 | 81968.98 | 44122.46 | 30121.05 | 24546.27 |
| EV / Net Operating Revenue (X) | 7.90 | 9.11 | 5.68 | 4.88 | 5.63 |
| EV / EBITDA (X) | 32.46 | 38.17 | 28.36 | 26.63 | 28.68 |
| MarketCap / Net Operating Revenue (X) | 8.14 | 9.26 | 5.81 | 5.05 | 5.85 |
| Retention Ratios (%) | 75.05 | 71.00 | 72.91 | 76.25 | 69.44 |
| Price / BV (X) | 11.18 | 12.61 | 7.84 | 6.05 | 5.48 |
| Price / Net Operating Revenue (X) | 8.14 | 9.26 | 5.81 | 5.05 | 5.85 |
| EarningsYield | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
After reviewing the key financial ratios for Cummins India Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 72.15. This value is within the healthy range. It has increased from 62.07 (Mar 24) to 72.15, marking an increase of 10.08.
- For Diluted EPS (Rs.), as of Mar 25, the value is 72.15. This value is within the healthy range. It has increased from 62.07 (Mar 24) to 72.15, marking an increase of 10.08.
- For Cash EPS (Rs.), as of Mar 25, the value is 69.20. This value is within the healthy range. It has increased from 58.97 (Mar 24) to 69.20, marking an increase of 10.23.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 272.78. It has increased from 238.54 (Mar 24) to 272.78, marking an increase of 34.24.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 272.78. It has increased from 238.54 (Mar 24) to 272.78, marking an increase of 34.24.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 374.84. It has increased from 324.68 (Mar 24) to 374.84, marking an increase of 50.16.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 91.16. This value is within the healthy range. It has increased from 77.48 (Mar 24) to 91.16, marking an increase of 13.68.
- For PBIT / Share (Rs.), as of Mar 25, the value is 84.48. This value is within the healthy range. It has increased from 71.74 (Mar 24) to 84.48, marking an increase of 12.74.
- For PBT / Share (Rs.), as of Mar 25, the value is 83.91. This value is within the healthy range. It has increased from 70.69 (Mar 24) to 83.91, marking an increase of 13.22.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 62.52. This value is within the healthy range. It has increased from 53.23 (Mar 24) to 62.52, marking an increase of 9.29.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 72.15. This value is within the healthy range. It has increased from 62.07 (Mar 24) to 72.15, marking an increase of 10.08.
- For PBDIT Margin (%), as of Mar 25, the value is 24.31. This value is within the healthy range. It has increased from 23.86 (Mar 24) to 24.31, marking an increase of 0.45.
- For PBIT Margin (%), as of Mar 25, the value is 22.53. This value exceeds the healthy maximum of 20. It has increased from 22.09 (Mar 24) to 22.53, marking an increase of 0.44.
- For PBT Margin (%), as of Mar 25, the value is 22.38. This value is within the healthy range. It has increased from 21.77 (Mar 24) to 22.38, marking an increase of 0.61.
- For Net Profit Margin (%), as of Mar 25, the value is 16.68. This value exceeds the healthy maximum of 10. It has increased from 16.39 (Mar 24) to 16.68, marking an increase of 0.29.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 19.24. This value is within the healthy range. It has increased from 19.11 (Mar 24) to 19.24, marking an increase of 0.13.
- For Return on Networth / Equity (%), as of Mar 25, the value is 26.44. This value is within the healthy range. It has increased from 26.02 (Mar 24) to 26.44, marking an increase of 0.42.
- For Return on Capital Employeed (%), as of Mar 25, the value is 29.60. This value is within the healthy range. It has increased from 28.76 (Mar 24) to 29.60, marking an increase of 0.84.
- For Return On Assets (%), as of Mar 25, the value is 19.66. This value is within the healthy range. It has increased from 19.18 (Mar 24) to 19.66, marking an increase of 0.48.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. It has decreased from 0.01 (Mar 24) to 0.00, marking a decrease of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.09. It has increased from 1.07 (Mar 24) to 1.09, marking an increase of 0.02.
- For Current Ratio (X), as of Mar 25, the value is 3.10. This value exceeds the healthy maximum of 3. It has increased from 2.89 (Mar 24) to 3.10, marking an increase of 0.21.
- For Quick Ratio (X), as of Mar 25, the value is 2.66. This value exceeds the healthy maximum of 2. It has increased from 2.43 (Mar 24) to 2.66, marking an increase of 0.23.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 10.64. This value exceeds the healthy maximum of 8. It has increased from 5.19 (Mar 24) to 10.64, marking an increase of 5.45.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 24.94. This value is within the healthy range. It has decreased from 28.99 (Mar 24) to 24.94, marking a decrease of 4.05.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 22.83. This value is within the healthy range. It has decreased from 26.54 (Mar 24) to 22.83, marking a decrease of 3.71.
- For Earning Retention Ratio (%), as of Mar 25, the value is 75.06. This value exceeds the healthy maximum of 70. It has increased from 71.01 (Mar 24) to 75.06, marking an increase of 4.05.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 77.17. This value exceeds the healthy maximum of 70. It has increased from 73.46 (Mar 24) to 77.17, marking an increase of 3.71.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 159.43. This value is within the healthy range. It has increased from 78.38 (Mar 24) to 159.43, marking an increase of 81.05.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 110.35. This value is within the healthy range. It has increased from 54.91 (Mar 24) to 110.35, marking an increase of 55.44.
- For Enterprise Value (Cr.), as of Mar 25, the value is 82,035.71. It has increased from 81,968.98 (Mar 24) to 82,035.71, marking an increase of 66.73.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 7.90. This value exceeds the healthy maximum of 3. It has decreased from 9.11 (Mar 24) to 7.90, marking a decrease of 1.21.
- For EV / EBITDA (X), as of Mar 25, the value is 32.46. This value exceeds the healthy maximum of 15. It has decreased from 38.17 (Mar 24) to 32.46, marking a decrease of 5.71.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 8.14. This value exceeds the healthy maximum of 3. It has decreased from 9.26 (Mar 24) to 8.14, marking a decrease of 1.12.
- For Retention Ratios (%), as of Mar 25, the value is 75.05. This value exceeds the healthy maximum of 70. It has increased from 71.00 (Mar 24) to 75.05, marking an increase of 4.05.
- For Price / BV (X), as of Mar 25, the value is 11.18. This value exceeds the healthy maximum of 3. It has decreased from 12.61 (Mar 24) to 11.18, marking a decrease of 1.43.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 8.14. This value exceeds the healthy maximum of 3. It has decreased from 9.26 (Mar 24) to 8.14, marking a decrease of 1.12.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cummins India Ltd:
- Net Profit Margin: 16.68%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 29.6% (Industry Average ROCE: 28.16%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 26.44% (Industry Average ROE: 22.55%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 110.35
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 2.66
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 58.2 (Industry average Stock P/E: 49.15)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 16.68%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Engines | Cummins India Office Campus, Tower A, 5th Floor, Pune Maharashtra 411045 | cil.investors@cummins.com http://www.cumminsindia.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Jennifer Mary Bush | Chairperson (NonExe. & NonInd.Director) |
| Ms. Shveta Arya | Managing Director |
| Mr. Cornelius O'Sullivan | Non Executive Director |
| Mr. Donald Jackson | Non Executive Director |
| Ms. Rekha | Independent Director |
| Ms. Lira Goswami | Independent Director |
| Mr. Sekhar Natarajan | Independent Director |
| Mr. Farokh N Subedar | Independent Director |
FAQ
What is the intrinsic value of Cummins India Ltd?
Cummins India Ltd's intrinsic value (as of 29 October 2025) is 3433.26 which is 19.90% lower the current market price of 4,286.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,18,797 Cr. market cap, FY2025-2026 high/low of 4,329/2,580, reserves of ₹6,963 Cr, and liabilities of 9,606 Cr.
What is the Market Cap of Cummins India Ltd?
The Market Cap of Cummins India Ltd is 1,18,797 Cr..
What is the current Stock Price of Cummins India Ltd as on 29 October 2025?
The current stock price of Cummins India Ltd as on 29 October 2025 is 4,286.
What is the High / Low of Cummins India Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Cummins India Ltd stocks is 4,329/2,580.
What is the Stock P/E of Cummins India Ltd?
The Stock P/E of Cummins India Ltd is 58.2.
What is the Book Value of Cummins India Ltd?
The Book Value of Cummins India Ltd is 253.
What is the Dividend Yield of Cummins India Ltd?
The Dividend Yield of Cummins India Ltd is 1.20 %.
What is the ROCE of Cummins India Ltd?
The ROCE of Cummins India Ltd is 37.6 %.
What is the ROE of Cummins India Ltd?
The ROE of Cummins India Ltd is 28.8 %.
What is the Face Value of Cummins India Ltd?
The Face Value of Cummins India Ltd is 2.00.