Share Price and Basic Stock Data
Last Updated: February 10, 2026, 8:36 pm
| PEG Ratio | 2.63 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Cummins India Ltd, a leading player in the engines industry, reported a share price of ₹4,092 and a market capitalization of ₹1,13,560 Cr. The company has consistently demonstrated robust revenue growth, with sales rising from ₹6,140 Cr in FY 2022 to ₹7,744 Cr in FY 2023, and projected to reach ₹10,339 Cr in FY 2025. The trailing twelve-month (TTM) sales stood at ₹11,620 Cr, indicating a strong upward trajectory. Quarterly sales figures reflect this growth; for instance, sales reached ₹2,534 Cr in Dec 2023, up from ₹1,951 Cr in Sep 2022. This growth is supported by a diversified product portfolio and a strategic focus on innovation. The company reported an operating profit margin (OPM) of 22%, which is commendable compared to typical sector averages. With a solid order book and an expanding customer base, Cummins India is well-positioned to capitalize on the growing demand for engines in various sectors including transportation and industrial applications.
Profitability and Efficiency Metrics
Cummins India Ltd’s profitability metrics highlight its operational efficiency. The company recorded a net profit of ₹2,262 Cr, translating to a return on equity (ROE) of 28.8% and a return on capital employed (ROCE) of 37.6%. The operating profit for FY 2024 is projected to be ₹1,761 Cr, with an OPM of 20%, which demonstrates effective cost management amid rising revenues. Notably, the interest coverage ratio (ICR) stood at an impressive 159.43x, indicating the company’s strong ability to meet its interest obligations. Furthermore, net profit margins have improved to 16.68% for FY 2025, showcasing the company’s ability to convert a significant portion of its revenue into profit. These figures reflect a robust operational framework and effective resource management, positioning Cummins India favorably within the industry. However, the company’s high P/E ratio of 51.0 suggests that market expectations are elevated, indicating the need for sustained performance to justify these valuations.
Balance Sheet Strength and Financial Ratios
The balance sheet of Cummins India Ltd reveals a strong financial position, with total assets amounting to ₹9,606 Cr as of FY 2025. The company has maintained minimal borrowings, reported at ₹24 Cr, which reflects a conservative financial strategy and low leverage. Reserves have steadily increased to ₹7,283 Cr, providing a buffer for future investments and potential downturns. The current ratio, reported at 3.10, significantly exceeds the typical industry benchmark, indicating strong liquidity and short-term financial health. The company also reported a book value per share of ₹272.78, supported by a price-to-book ratio of 11.18x, suggesting that the market has high expectations for future growth. Overall, Cummins India Ltd’s balance sheet reflects strong financial discipline and an ability to sustain growth while managing risk effectively, making it an attractive proposition for investors seeking stability in the engines sector.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Cummins India Ltd indicates a stable ownership structure, with promoters holding 51% of the shares. Foreign institutional investors (FIIs) have increased their stake from 12.20% in Dec 2022 to 18.35% in Sep 2025, reflecting growing confidence among international investors. Domestic institutional investors (DIIs) hold a substantial 21.73% of the company, which is indicative of institutional support and trust in the company’s long-term prospects. The public shareholding has remained relatively stable at around 8.82%. This diverse ownership structure, coupled with a steady increase in shareholder numbers from 1,17,186 in Dec 2022 to 1,60,027 in Sep 2025, signifies robust investor interest. The consistent promoter holding alongside increasing institutional investment suggests a strong commitment to governance and strategic direction, which is likely to bolster investor confidence in the company’s future performance.
Outlook, Risks, and Final Insight
Looking ahead, Cummins India Ltd is well-positioned to benefit from increasing demand in the engines sector, particularly with its focus on sustainable technologies and innovation. However, the company faces risks, including potential supply chain disruptions and fluctuations in raw material prices, which could impact profitability. Additionally, competition from both domestic and international players remains a challenge, necessitating continuous innovation and efficiency improvements. The high valuation metrics, such as the P/E ratio of 51.0, may also pose a risk if the company fails to meet market expectations. Nevertheless, with a strong balance sheet, operational efficiency, and a solid market position, Cummins India is likely to remain resilient. The company’s commitment to sustainability and technological advancements could provide a competitive edge, making it a compelling investment opportunity for those looking to capitalize on the growth trajectory of the engines industry.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Swaraj Engines Ltd | 4,529 Cr. | 3,728 | 4,726/2,517 | 23.9 | 323 | 2.80 % | 56.2 % | 41.9 % | 10.0 |
| Kirloskar Oil Engines Ltd | 18,360 Cr. | 1,265 | 1,329/544 | 37.7 | 232 | 0.51 % | 13.7 % | 15.4 % | 2.00 |
| Greaves Cotton Ltd | 4,038 Cr. | 173 | 289/155 | 37.2 | 59.1 | 1.15 % | 5.13 % | 4.11 % | 2.00 |
| Cummins India Ltd | 1,22,443 Cr. | 4,418 | 4,615/2,580 | 54.1 | 265 | 1.17 % | 37.6 % | 28.8 % | 2.00 |
| Industry Average | 37,342.50 Cr | 2,396.00 | 38.23 | 219.78 | 1.41% | 28.16% | 22.55% | 4.00 |
Quarterly Result
| Metric | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,181 | 1,926 | 2,209 | 1,900 | 2,534 | 2,316 | 2,304 | 2,492 | 3,086 | 2,457 | 2,907 | 3,170 | 3,055 |
| Expenses | 1,768 | 1,600 | 1,868 | 1,561 | 1,996 | 1,772 | 1,837 | 2,011 | 2,486 | 1,937 | 2,283 | 2,475 | 2,420 |
| Operating Profit | 412 | 326 | 341 | 339 | 538 | 544 | 467 | 481 | 600 | 520 | 624 | 695 | 634 |
| OPM % | 19% | 17% | 15% | 18% | 21% | 24% | 20% | 19% | 19% | 21% | 21% | 22% | 21% |
| Other Income | 104 | 131 | 117 | 132 | 112 | 204 | 132 | 161 | 121 | 212 | 197 | 196 | 13 |
| Interest | 3 | 7 | 8 | 7 | 6 | 6 | 5 | 3 | 3 | 5 | 3 | 3 | 5 |
| Depreciation | 34 | 37 | 36 | 38 | 42 | 42 | 44 | 45 | 48 | 46 | 48 | 49 | 50 |
| Profit before tax | 479 | 413 | 415 | 426 | 602 | 701 | 551 | 594 | 670 | 681 | 770 | 839 | 593 |
| Tax % | 25% | 23% | 24% | 23% | 24% | 20% | 24% | 24% | 23% | 23% | 23% | 24% | 24% |
| Net Profit | 360 | 318 | 316 | 329 | 455 | 562 | 420 | 451 | 514 | 521 | 589 | 638 | 453 |
| EPS in Rs | 12.99 | 11.49 | 11.39 | 11.85 | 16.41 | 20.26 | 15.14 | 16.26 | 18.54 | 18.81 | 21.26 | 23.00 | 16.35 |
Last Updated: February 6, 2026, 6:16 am
Below is a detailed analysis of the quarterly data for Cummins India Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:
- For Sales, as of Dec 2025, the value is 3,055.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,170.00 Cr. (Sep 2025) to 3,055.00 Cr., marking a decrease of 115.00 Cr..
- For Expenses, as of Dec 2025, the value is 2,420.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2,475.00 Cr. (Sep 2025) to 2,420.00 Cr., marking a decrease of 55.00 Cr..
- For Operating Profit, as of Dec 2025, the value is 634.00 Cr.. The value appears to be declining and may need further review. It has decreased from 695.00 Cr. (Sep 2025) to 634.00 Cr., marking a decrease of 61.00 Cr..
- For OPM %, as of Dec 2025, the value is 21.00%. The value appears to be declining and may need further review. It has decreased from 22.00% (Sep 2025) to 21.00%, marking a decrease of 1.00%.
- For Other Income, as of Dec 2025, the value is 13.00 Cr.. The value appears to be declining and may need further review. It has decreased from 196.00 Cr. (Sep 2025) to 13.00 Cr., marking a decrease of 183.00 Cr..
- For Interest, as of Dec 2025, the value is 5.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3.00 Cr. (Sep 2025) to 5.00 Cr., marking an increase of 2.00 Cr..
- For Depreciation, as of Dec 2025, the value is 50.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 49.00 Cr. (Sep 2025) to 50.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Dec 2025, the value is 593.00 Cr.. The value appears to be declining and may need further review. It has decreased from 839.00 Cr. (Sep 2025) to 593.00 Cr., marking a decrease of 246.00 Cr..
- For Tax %, as of Dec 2025, the value is 24.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 24.00%.
- For Net Profit, as of Dec 2025, the value is 453.00 Cr.. The value appears to be declining and may need further review. It has decreased from 638.00 Cr. (Sep 2025) to 453.00 Cr., marking a decrease of 185.00 Cr..
- For EPS in Rs, as of Dec 2025, the value is 16.35. The value appears to be declining and may need further review. It has decreased from 23.00 (Sep 2025) to 16.35, marking a decrease of 6.65.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 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 | 11,620 |
| 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 | 9,182 |
| Operating Profit | 697 | 732 | 775 | 802 | 738 | 864 | 590 | 600 | 880 | 1,243 | 1,761 | 2,068 | 2,438 |
| OPM % | 18% | 17% | 16% | 16% | 15% | 15% | 11% | 14% | 14% | 16% | 20% | 20% | 21% |
| Other Income | 178 | 287 | 226 | 208 | 279 | 293 | 308 | 349 | 425 | 406 | 566 | 626 | 726 |
| 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 | 191 |
| Profit before tax | 818 | 937 | 910 | 908 | 908 | 1,030 | 759 | 808 | 1,159 | 1,492 | 2,143 | 2,496 | 2,960 |
| 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 | 2,262 |
| 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 | 81.61 |
| 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: December 4, 2025, 1:08 am
| 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 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 55 | 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 | 7,283 |
| Borrowings | 0 | 0 | 0 | 251 | 252 | 309 | 504 | 33 | 412 | 373 | 120 | 30 | 24 |
| 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 | 2,621 |
| 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 | 9,984 |
| 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 | 2,366 |
| CWIP | 96 | 171 | 519 | 463 | 38 | 159 | 80 | 128 | 61 | 41 | 97 | 85 | 72 |
| Investments | 495 | 465 | 334 | 707 | 549 | 285 | 824 | 369 | 615 | 1,085 | 1,215 | 957 | 1,630 |
| 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 | 5,916 |
| 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 | 9,984 |
Below is a detailed analysis of the balance sheet data for Cummins India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 55.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 55.00 Cr..
- For Reserves, as of Sep 2025, the value is 7,283.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,963.00 Cr. (Mar 2025) to 7,283.00 Cr., marking an increase of 320.00 Cr..
- For Borrowings, as of Sep 2025, the value is 24.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 30.00 Cr. (Mar 2025) to 24.00 Cr., marking a decrease of 6.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 2,621.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,558.00 Cr. (Mar 2025) to 2,621.00 Cr., marking an increase of 63.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 9,984.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,606.00 Cr. (Mar 2025) to 9,984.00 Cr., marking an increase of 378.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 2,366.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,364.00 Cr. (Mar 2025) to 2,366.00 Cr., marking an increase of 2.00 Cr..
- For CWIP, as of Sep 2025, the value is 72.00 Cr.. The value appears to be declining and may need further review. It has decreased from 85.00 Cr. (Mar 2025) to 72.00 Cr., marking a decrease of 13.00 Cr..
- For Investments, as of Sep 2025, the value is 1,630.00 Cr.. The value appears strong and on an upward trend. It has increased from 957.00 Cr. (Mar 2025) to 1,630.00 Cr., marking an increase of 673.00 Cr..
- For Other Assets, as of Sep 2025, the value is 5,916.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,200.00 Cr. (Mar 2025) to 5,916.00 Cr., marking a decrease of 284.00 Cr..
- For Total Assets, as of Sep 2025, the value is 9,984.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,606.00 Cr. (Mar 2025) to 9,984.00 Cr., marking an increase of 378.00 Cr..
Notably, the Reserves (7,283.00 Cr.) exceed the Borrowings (24.00 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
| 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
| 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 |
|---|---|---|---|---|---|---|
| HDFC Mid Cap Fund | 4,498,204 | 2.15 | 1994.68 | 4,448,204 | 2025-12-15 01:18:36 | 1.12% |
| ICICI Prudential Large Cap Fund | 1,440,583 | 0.81 | 638.81 | 1,544,669 | 2026-01-26 08:21:43 | -6.74% |
| Axis Midcap Fund | 1,336,705 | 1.87 | 592.75 | 2,800,715 | 2025-12-07 11:04:00 | -52.27% |
| Nippon India Growth Mid Cap Fund | 1,300,000 | 1.37 | 576.47 | N/A | N/A | N/A |
| Mirae Asset Large & Midcap Fund | 1,171,190 | 1.19 | 519.35 | 1,377,229 | 2026-01-26 08:21:43 | -14.96% |
| Sundaram Mid Cap Fund | 1,157,021 | 3.86 | 513.07 | 1,237,533 | 2026-01-26 08:21:43 | -6.51% |
| Kotak Large & Midcap Fund | 900,000 | 1.33 | 399.1 | N/A | N/A | N/A |
| Mirae Asset Midcap Fund | 817,024 | 1.97 | 362.3 | 988,689 | 2026-01-26 08:21:43 | -17.36% |
| ICICI Prudential Business Cycle Fund | 803,066 | 2.23 | 356.11 | 824,014 | 2026-01-26 08:21:43 | -2.54% |
| Aditya Birla Sun Life ELSS Tax Saver Fund | 713,678 | 2.05 | 316.47 | 770,870 | 2026-01-26 08:21:43 | -7.42% |
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 |
|---|---|
|
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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: 54.1 (Industry average Stock P/E: 38.23)
- 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 | Contact not found |
| 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 11 February 2026) is ₹4030.17 which is 8.78% lower the current market price of ₹4,418.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,22,443 Cr. market cap, FY2025-2026 high/low of ₹4,615/2,580, reserves of ₹7,283 Cr, and liabilities of ₹9,984 Cr.
What is the Market Cap of Cummins India Ltd?
The Market Cap of Cummins India Ltd is 1,22,443 Cr..
What is the current Stock Price of Cummins India Ltd as on 11 February 2026?
The current stock price of Cummins India Ltd as on 11 February 2026 is ₹4,418.
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 ₹4,615/2,580.
What is the Stock P/E of Cummins India Ltd?
The Stock P/E of Cummins India Ltd is 54.1.
What is the Book Value of Cummins India Ltd?
The Book Value of Cummins India Ltd is 265.
What is the Dividend Yield of Cummins India Ltd?
The Dividend Yield of Cummins India Ltd is 1.17 %.
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.