Cummins India

    CUMMINSIND
    Diversified
    ₹5070.00
    price as of 11/9/2026, 5:28:05 pm

    Market cap ₹1.41 L Cr

    P/E
    59.25
    Day range
    ₹5,020.50 – ₹5,152.00
    52-week range
    ₹3,833.00 – ₹6,100.00
    Volume
    3.31 L
    Open
    ₹5,117.00
    Prev close
    ₹5,155.00
    Promoters pledged 1.5% of their shares
    52-week range, adjusted for splits and bonuses
    ₹3,833₹6,100
    3 Oct 202529 May 2026
    Index membership & F&O
    NIFTY NEXT 50NIFTY 100NIFTY 200NIFTY 500F&O lot 200

    Price history

    6M change +9.49%RSI (14) 38.3 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 51.4% today vs 56.0% average · BSE close ₹5,085

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹4,500₹4,950₹5,400₹5,850₹6,3000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Short build-up
    Near-month future
    ₹5,102
    Change
    -1.82%
    Basis over spot
    +₹32.00
    Futures OI (shares)
    57.6 L
    OI change
    +0.61%
    Put-call ratio
    0.91
    Max pain
    ₹5,200
    Resistance (call OI)
    ₹5,200
    Support (put OI)
    ₹4,800
    Lot size
    200

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    42004500470049005100530055005700590061006400085,0001.7 L2.5 L3.4 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    66.3
    EPS (TTM)
    ₹85.39
    Price / Book
    16.91
    ROE (FY26)
    29.5%
    ROCE (latest year)
    40%
    Dividend yield
    1.28%
    Net margin (TTM)
    18.7%
    Current ratio
    3.32
    Debt / Equity
    0.00
    Revenue growth (5y)
    22.7%
    EPS growth (5y)
    30.0%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹5,067.9Price above₹5,126.7Price below₹5,212.4Price below₹5,401.02Price below₹5,436.13Price below₹4,942.16Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +16.0%
    Profit 3Y CAGR
    +24.4%
    Revenue YoY (Jun 2026)
    +17.9%
    Profit YoY (Jun 2026)
    +0.8%
    Operating margin
    18.0%
    Net margin
    17.8%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr900 Cr1.8K Cr2.7K Cr3.6K Cr0%6%12%18%24%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • FII
    • DII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-1.8K Cr-900 Cr0 Cr900 Cr1.8K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%8%16%24%32%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr2.5K Cr5.0K Cr7.5K Cr10.0K Cr0.0x0.0x0.1x0.1x0.1x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales1,9222,5412,3192,3162,5093,0962,4702,9073,1703,0553,0113,426
    Expenses1,5751,9991,7811,8422,0252,4991,9452,2832,4752,4202,3692,810
    Operating Profit346543539473484598525624695634642616
    OPM %18%21%23%20%19%19%21%21%22%21%21%18%
    Other Income12815318617115716821721218146263227
    Interest766533533524
    Depreciation384242444549464849505153
    Profit before tax429647676595594714690785824626852787
    Tax %23%23%20%22%24%22%23%23%24%22%24%23%
    Net Profit329499539463449558530604622486649609
    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 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    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 16.6 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
    +19%
    5 Years
    +37%
    3 Years
    +44%
    1 Year
    +26%

    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

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter51.00%51.00%51.00%51.00%0.00 pp
    FII18.35%19.42%20.77%21.19%+0.42 pp
    DII21.73%20.60%19.43%19.06%-0.37 pp
    Government0.10%0.10%0.10%0.10%0.00 pp
    Public8.82%8.87%8.68%8.65%-0.03 pp

    Filed with NSE for Jun 2026: promoters 51.00%, public 49.00% · XBRL filing

    Analysts & fund holdings

    72%
    72% recommend buy
    18 analysts cover the stock
    Valuation vs Machinery
    P/E59.2 vs 45.8
    Sector P/B6.15
    Beta1.12

    Who holds the shares, quarter by quarter

    Mutual funds 12.55% (-0.02 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters51.0%
    • Foreign institutions21.2%
    • Mutual funds12.6%
    • Insurance3.6%
    • Other domestic institutions3.0%
    • Retail7.1%
    • Others1.6%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Mid Cap Fund1.47%1.92%-0.60 pp
    ICICI Pru Large Cap Fund0.45%0.80%-0.04 pp
    Nippon India Growth Mid Cap Fund0.43%1.17%-0.21 pp
    Axis Midcap Fund0.42%1.70%-0.27 pp
    Kotak Arbitrage Fund0.38%0.72%+0.43 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.

    Corporate actions

    • dividend
      ₹46.00

      Dividend - Rs 46 Per Share

      17 Jul 2026
      ex-date
    • dividend
      ₹20.00

      Interim Dividend - Rs 20 Per Share

      11 Feb 2026
      ex-date
    • dividend
      ₹33.50

      Dividend - Rs 33.50 Per Share

      18 Jul 2025
      ex-date
    • dividend
      ₹18.00

      Interim Dividend - Rs 18 Per Share

      14 Feb 2025
      ex-date
    • dividend
      ₹20.00

      Annual General Meeting/Dividend - Rs 20 Per Share

      19 Jul 2024
      ex-date
    • dividend
      ₹18.00

      Interim Dividend - Rs 18 Per Share

      21 Feb 2024
      ex-date
    • dividend
      ₹13.00

      Annual General Meeting/Dividend - Rs 13 Per Share

      26 Jul 2023
      ex-date
    • dividend
      ₹12.00

      Interim Dividend - Rs 12 Per Share

      21 Feb 2023
      ex-date
    • dividend
      ₹10.50

      Annual General Meeting/Dividend - Rs 10.5 Per Sh

      2 Aug 2022
      ex-date
    • dividend
      ₹8.00

      Interim Dividend - Rs 8 Per Share

      21 Feb 2022
      ex-date
    • dividend
      ₹8.00

      Annual General Meeting/Dividend - Rs 8 Per Share

      4 Aug 2021
      ex-date
    • dividend
      ₹7.00

      Interim Dividend - Rs 7 Per Share

      9 Feb 2021
      ex-date
    • dividend
      ₹7.00

      Annual General Meeting/Dividend - Rs 7 Per Share

      17 Aug 2020
      ex-date
    • dividend
      ₹7.00

      Interim Dividend - Rs 7 Per Share

      7 Feb 2020
      ex-date
    • dividend
      ₹10.00

      Annual General Meeting/Dividend Rs 10 Per Share

      31 Jul 2019
      ex-date
    • dividend
      ₹7.00

      Interim Dividend - Rs 7 Per Share

      15 Feb 2019
      ex-date
    • dividend
      ₹10.00

      Annual General Meeting/Dividend- Rs 10 Per Share

      2 Aug 2018
      ex-date
    • dividend
      ₹5.00

      Interim Dividend Rs 5/- Per Share

      15 Feb 2018
      ex-date
    • dividend
      ₹9.00

      Annual General Meeting/Dividend - Rs 9/- Per Share

      27 Jul 2017
      ex-date
    • dividend
      ₹5.00

      Interim Dividend Rs 5/- Per Share

      9 Feb 2017
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Press Release dated September 9, 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication for proposed postal ballot.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Appointment of Senior Management Personnel of the Company.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Resignation of Senior Management Personnel of the Company.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Analyst Call / Investor Meet.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Investor Meet / Analyst call

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Please find enclosed newspaper publication regarding special window for transfer and dematerialization of physical securities.

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Transcript of Q1 FY 2026-27 results Conference call held on August 06, 2026.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Scrutinizer Report of 65th Annual General Meeting of the Company along with Voting Results.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Voting Results of 65th Annual General Meeting of the Company along with Scrutinizer Report.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Copies of Newspaper Publication regarding unaudited Financial results of the Company for quarter ended June 30, 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Audio recording of earnings call held on August 6, 2026.

    AGM/EGMPrice-sensitive
    Proceedings Of 65Th Annual General Meeting (AGM) Of The Company.

    Proceeding of 65th Annual General Meeting (AGM) of the Company.

    Company Update
    Presentation Given By Managing Director Of The Company At The 65Th Annual General Meeting

    Presentation given by Managing Director of the Company at the 65th Annual General Meeting (AGM) of the Company.

    Company Update
    Announcement under Regulation 30 (LODR)-Investor Presentation

    Intimation regarding Investor Presentation

    Filed with BSE (scrip 500480); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 6 Feb 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.