Cummins India
Market cap ₹1.20 L Cr
- P/E
- 50.87
- Day range
- ₹4,245.60 – ₹4,380.00
- 52-week range
- ₹3,883.10 – ₹6,100.00
- Volume
- 4.65 L
- Open
- ₹4,380.00
- Prev close
- ₹4,460.00
Latest results · Q1 FY27(consolidated)Revenue ₹3,426 Cr+17.9%Profit ₹609 Cr+0.9%Margin 17.8%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
CUMMINSIND in NSE indices and F&O
F&O margin for one lot of CUMMINSIND (200 shares)Research profile
Composite 55 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.0%
- Graham no.
- ₹768.07
- vs Graham
- -82.3%
- ROE ÷ P/B
- 2.0%
- 12-1 mom.
- +25.8%
- Return / vol
- 0.36
- Magic Formula
- #204
- Piotroski
- 5/6
- FCF yield
- 1.2%
- PEG
- 2.25
Appears in 15 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 188 in Infra| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Larsen & ToubroLT | ₹5.02 L Cr | 30.25 | 4.59 | 18.3% | 15.0% | 12.0% | 1.15 | +6.7% |
| Adani PortsADANIPORTS | ₹3.92 L Cr | 29.06 | 4.21 | 16.2% | 14.0% | 58.0% | 0.66 | +18.6% |
| Adani EnterprisesADANIENT | ₹3.35 L Cr | 39.93 | 4.07 | 15.2% | 6.0% | 15.0% | 1.32 | +49.9% |
| UltraTech CementULTRACEMCO | ₹3.25 L Cr | 38.09 | 4.43 | 11.1% | 13.0% | 16.0% | 0.40 | +18.8% |
| Grasim IndustriesGRASIM | ₹1.96 L Cr | 34.51 | 1.90 | 10.2% | 8.0% | 23.0% | 2.20 | +21.4% |
| InterGlobe AviationINDIGO | ₹1.76 L Cr | 19.63 | 25.56 | -29.3% | 5.0% | 13.0% | 11.15 | +19.9% |
| DLFDLF | ₹1.63 L Cr | 35.63 | 3.60 | 10.0% | 6.0% | 1.8% | 0.01 | -23.3% |
| Cummins IndiaCUMMINSIND | ₹1.20 L Cr | 50.87 | 14.58 | 29.5% | 40.0% | 18.0% | 0.00 | +17.9% |
| Sector median | ₹12,817 Cr | 32.00 | 4.34 | 15.0% | 17.0% | 15.0% | 0.18 | +19.8% |
Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 3d agoHeadlines about Cummins India from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 49.4
- Price / Book
- 14.20
- ROE (FY26)
- 29.5%
- ROCE (latest year)
- 40%
- Dividend yield
- 1.52%
Moving averages (NSE)
- 20-day
- ₹4,747.66
- Price below
- 50-day
- ₹4,984.42
- Price below
- 200-day
- ₹5,016.76
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,922 | 2,541 | 2,319 | 2,316 | 2,509 | 3,096 | 2,470 | 2,907 | 3,170 | 3,055 | 3,011 | 3,426 |
| Expenses | 1,575 | 1,999 | 1,781 | 1,842 | 2,025 | 2,499 | 1,945 | 2,283 | 2,475 | 2,420 | 2,369 | 2,810 |
| Operating Profit | 346 | 543 | 539 | 473 | 484 | 598 | 525 | 624 | 695 | 634 | 642 | 616 |
| OPM % | 18% | 21% | 23% | 20% | 19% | 19% | 21% | 21% | 22% | 21% | 21% | 18% |
| Other Income | 128 | 153 | 186 | 171 | 157 | 168 | 217 | 212 | 181 | 46 | 263 | 227 |
| Interest | 7 | 6 | 6 | 5 | 3 | 3 | 5 | 3 | 3 | 5 | 2 | 4 |
| Depreciation | 38 | 42 | 42 | 44 | 45 | 49 | 46 | 48 | 49 | 50 | 51 | 53 |
| Profit before tax | 429 | 647 | 676 | 595 | 594 | 714 | 690 | 785 | 824 | 626 | 852 | 787 |
| Tax % | 23% | 23% | 20% | 22% | 24% | 22% | 23% | 23% | 24% | 22% | 24% | 23% |
| Net Profit | 329 | 499 | 539 | 463 | 449 | 558 | 530 | 604 | 622 | 486 | 649 | 609 |
| EPS in Rs | ₹11.87 | ₹18.00 | ₹19.44 | ₹16.69 | ₹16.21 | ₹20.15 | ₹19.10 | ₹21.79 | ₹22.45 | ₹17.53 | ₹23.43 | ₹21.98 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-8 days since Mar 2021
-19 days since Mar 2021
-18 days since Mar 2021
-9 days since Mar 2021
-19 days since Mar 2021
Strengths, risks & growth
Cummins India Ltd is a part of the Cummins Inc. Group USA. It designs, manufactures, distributes and services diesel and alternative fuel engines from 2.8 to 100 liters, diesel and alternative-fueled power generator sets of up to 3000 kW (3750 kVA), as well as related components and technology. [1]
Strengths
- Company is almost debt free.
- Company has delivered good profit growth of 30.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
- Company has been maintaining a healthy dividend payout of 70.0%
Risks
- Stock is trading at 14.2 times its book value
Compounded Sales Growth
- 10 Years
- +10%
- 5 Years
- +23%
- 3 Years
- +16%
- TTM
- +15%
Compounded Profit Growth
- 10 Years
- +13%
- 5 Years
- +31%
- 3 Years
- +26%
- TTM
- +14%
Stock Price CAGR
- 10 Years
- +18%
- 5 Years
- +37%
- 3 Years
- +37%
- 1 Year
- +4%
Return on Equity
- 10 Years
- +22%
- 5 Years
- +26%
- 3 Years
- +29%
- Last Year
- +30%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 51.00% | 51.00% | 51.00% | 51.00% | 0.00 pp |
| FII | 19.42% | 20.77% | 21.19% | 19.47% | -1.72 pp |
| DII | 20.60% | 19.43% | 19.06% | 20.82% | +1.76 pp |
| Government | 0.10% | 0.10% | 0.10% | 0.00% | -0.10 pp |
| Public | 8.87% | 8.68% | 8.65% | 8.70% | +0.05 pp |
Filed with NSE for Sept 2026: promoters 51.00%, public 49.00% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 14.33% (+1.78 pp)- Promoters51.0%
- Foreign institutions19.5%
- Mutual funds14.3%
- Insurance3.3%
- Other domestic institutions3.1%
- Retail7.0%
- Others1.7%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Mid Cap Fund | 1.45% | 1.82% | -0.70 pp |
| ICICI Pru Large Cap Fund | 0.64% | 1.07% | +0.23 pp |
| Kotak Arbitrage Fund | 0.48% | 0.82% | -0.13 pp |
| ICICI Pru Large & Mid Cap Fund | 0.47% | 1.90% | +1.89 pp |
| Nippon India Growth Mid Cap Fund | 0.45% | 1.14% | -0.24 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Avg
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 28.2%
- Downside volatility
- 27.8%
- Worst 5% of days
- 3.1%
- Average of that tail
- 3.7%
- Max drawdown (1Y)
- 27.9%
- Below its peak
- 27.9%
Against the market
- Beta vs Nifty 50
- 0.88
- Correlation
- 0.42
- Relative strength (3M)
- -17.1%
- ATR (14)
- 2.9%
Return
- Return 1M
- -12.5%
- Return 3M
- -22.4%
- Return 6M
- -16.6%
- Return 1Y
- +10.1%
- vs 200-day average
- -13.4%
Momentum
- RSI (14) · oversold
- 24.4
- MACD histogram
- -35.25
- Stochastic %K
- 13.7
- ADX (14)
- 39.5
- +DI / −DI
- 8.0 / 41.4
- Money flow index
- 46.5
Participation
- Delivery (20d avg)
- 61.0%
- vs its 60-day baseline
- +1.0 pts
- Volume vs 20-day
- +0.1σ
- Close vs day's VWAP
- +0.9%
- 52-week position
- 23 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
5 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — failed
- Current ratio improving — passed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — passed
- Free cash flow
- ₹1,483 Cr
- FCF yield
- 1.2%
- Cash conversion
- 0.73
- Accruals ratio
- 0.056
- Net debt
- -₹464 Cr
- Net debt / equity
- -0.05
- EV / sales
- 9.47
- PEG
- 2.25
- Capex intensity
- 2.1%
- Revenue CAGR
- 21.9%
- Profit CAGR
- 22.7%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹46.00
Dividend - Rs 46 Per Share
17 Jul 2026ex-date - dividend₹20.00
Interim Dividend - Rs 20 Per Share
11 Feb 2026ex-date - dividend₹33.50
Dividend - Rs 33.50 Per Share
18 Jul 2025ex-date - dividend₹18.00
Interim Dividend - Rs 18 Per Share
14 Feb 2025ex-date - dividend₹20.00
Annual General Meeting/Dividend - Rs 20 Per Share
19 Jul 2024ex-date - dividend₹18.00
Interim Dividend - Rs 18 Per Share
21 Feb 2024ex-date - dividend₹13.00
Annual General Meeting/Dividend - Rs 13 Per Share
26 Jul 2023ex-date - dividend₹12.00
Interim Dividend - Rs 12 Per Share
21 Feb 2023ex-date - dividend₹10.50
Annual General Meeting/Dividend - Rs 10.5 Per Sh
2 Aug 2022ex-date - dividend₹8.00
Interim Dividend - Rs 8 Per Share
21 Feb 2022ex-date - dividend₹8.00
Annual General Meeting/Dividend - Rs 8 Per Share
4 Aug 2021ex-date - dividend₹7.00
Interim Dividend - Rs 7 Per Share
9 Feb 2021ex-date - dividend₹7.00
Annual General Meeting/Dividend - Rs 7 Per Share
17 Aug 2020ex-date - dividend₹7.00
Interim Dividend - Rs 7 Per Share
7 Feb 2020ex-date - dividend₹10.00
Annual General Meeting/Dividend Rs 10 Per Share
31 Jul 2019ex-date - dividend₹7.00
Interim Dividend - Rs 7 Per Share
15 Feb 2019ex-date - dividend₹10.00
Annual General Meeting/Dividend- Rs 10 Per Share
2 Aug 2018ex-date - dividend₹5.00
Interim Dividend Rs 5/- Per Share
15 Feb 2018ex-date - dividend₹9.00
Annual General Meeting/Dividend - Rs 9/- Per Share
27 Jul 2017ex-date - dividend₹5.00
Interim Dividend Rs 5/- Per Share
9 Feb 2017ex-date
Company announcements
Scrutinizer's Report of Postal Ballot along with Voting Results.
Scrutinizer's Report of Postal Ballot along with Voting Results.
Copy of newspaper publication regarding opening of special window for transfer and dematerialization of physical securities.
Please find enclosed proceedings of Postal Ballot.
Appointment of Managing Director and Key Managerial Personnel of the Company.
Outcome of the Board meeting of the Company held on October 8, 2026.
Please find enclosed certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.
Intimation as attached
Intimation regarding closure of trading window for the quarter and half year ending September 30, 2026.
Cummins India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve unaudited financial results of ....
Please find enclosed intimation to shareholders regarding withholding of Final Dividend for FY 2025-26 for KYC non-compliant folios
Newspaper publication of Notice of Postal Ballot and E-voting information.
Notice of Postal Ballot
Press Release dated September 15, 2026.
Press Release dated September 9, 2026.
Filed with BSE (scrip 500480); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Aug 2026Transcript
- Jun 2026Transcript
- Feb 2026Transcript
- Nov 2025TranscriptRecording
- Aug 2025Transcript
- Jun 2025Transcript
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 6 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Cummins India: common questions
Answered from the figures on this page.
