Cummins India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 30.2%)
- Efficient capital deployment (ROCE 39.5%)
- Virtually debt-free
- Regular dividends — yield 1.5%
Concerns
- High premium to book value (P/B 15.1x)
Today's Price Action
The stock closed at ₹4,620, matching the previous close and showing a flat price action. Trading volume today was 7,72,269 shares, exactly equal to the 20‑day average volume of 7,72,269 shares. This parity indicates that today’s liquidity is typical for the stock and that there is no abnormal buying or selling pressure. The lack of price movement despite average volume suggests a balanced supply‑demand scenario. Overall, the market appears to be in a consolidation phase.
Valuation Snapshot
The current price‑to‑earnings (P/E) multiple stands at 49.4, while the broader capital goods sector reports a P/E of 0, reflecting that sector‑wide earnings data are not presently disclosed. A price‑to‑book (P/B) ratio of 0.0 combined with a robust return on equity (ROE) of 30.2 % signals that earnings relative to shareholders’ equity are strong. These figures portray a company that generates high profits on its capital base, even though the market price relative to earnings is elevated.
Key Levels to Watch
The 52‑week range stretches from a low of ₹3,883 to a high of ₹6,143, placing today’s price roughly 18 % above the yearly trough and about 25 % below the annual peak. Open‑interest‑derived support and resistance zones around ₹4,400 and ₹5,000 respectively have historically acted as price anchors. Monitoring these thresholds can help gauge potential consolidation zones. Breaches of these levels may indicate shifts in market sentiment.
Chart Pattern
In the daily timeframe, the recent candlestick formation includes a bullish Marubozu observed two days ago, a bullish engulfing three days ago, and a hammer six days ago. These patterns collectively illustrate a series of strong closing prices and a reversal‑type lower‑shadow candle, suggesting that buyers have been dominant during the short‑term price action.
Data Summary
Key metrics show a flat closing price of ₹4,620, a P/E of 49.4, a P/B of 0.0, and an ROE of 30.2 %. Volume aligns with the 20‑day average, and the stock sits midway within its 52‑week range of ₹3,883‑₹6,143.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
CUMMINSIND · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 51.00% | 51.00% | 51.00% | 51.00% | 51.00% | 51.00% |
| FII | 16.51% | 17.36% | 17.95% | 17.50% | 18.09% | 17.21% |
| DII | 23.36% | 22.86% | 22.24% | 22.50% | 21.80% | 22.84% |
| Public | 8.93% | 8.63% | 8.66% | 8.89% | 9.00% | 8.85% |
| Govt | 0.20% | 0.14% | 0.14% | 0.11% | 0.10% | 0.10% |
Corporate Events
To consider and approve the financial results for the quarter and half year ending September 30, 2026
The meeting of the Board of Directors of the Company is scheduled on August 05, 2026, inter alia, to consider and approve unaudited financial results (standalone and consolidated) for the quarter ending June 30, 2026.
Dividend - Rs 46 Per Share
To consider and approve the audited Financial Results of the Company (Standalone and Consolidated) for the quarter and Financial Year ended March 31, 2026 and to consider recommendation of Final Dividend on equity shares of the Company for the Financial Y
Interim Dividend - Rs 20 Per Share
Dividend - Rs 33.50 Per Share
Interim Dividend - Rs 18 Per Share
Annual General Meeting/Dividend - Rs 20 Per Share
Interim Dividend - Rs 18 Per Share
Annual General Meeting/Dividend - Rs 13 Per Share
Latest News
All newsCummins India Q1 results out, analysts update forecasts
*Cummins India Q1 results out, analysts update forecasts*. The company reported quarterly earnings, triggering revised analyst projections. Key metrics like revenue and net profit are under scrutiny, with **₹** figures drawing trader attention. Performance versus expectations will influence near-term price action. 📊 *STOCKS:* $CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Earnings
Cummins India Q4 results to reflect capex momentum
*Cummins India Q4 results to reflect capex momentum* — Investors eye **₹2,100 crore** revenue and **12% YoY growth**, driven by robust domestic capex. Margin trends and order book clarity will influence outlook. Strong execution in infrastructure and power segments may boost sentiment. 📊 *STOCKS:* CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Earnings
Cummins India publishes notice on physical securities handling
*Cummins India publishes notice on physical securities handling.* The company has released a copy of a newspaper publication related to the handling and management of physical securities. This is part of standard regulatory compliance and investor communication practices. No financial or operational impact is expected. 📊 *STOCKS:* $CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #PhysicalSecurities
Cummins India benefits from India's capex revival
*Cummins India benefits from India's capex revival* driven by infrastructure and industrial growth. The company has seen strong demand for power solutions amid rising investments in construction and manufacturing. Revenue grew **18% YoY** in the last fiscal, with EBITDA margins sustaining above **15%**. 📊 *STOCKS:* CUMMINSINDIA | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
Cummins India withholds FY25-26 final dividend for non-compliant folios
*Cummins India withholds final dividend for FY25-26 for KYC non-compliant folios.* The move affects shareholders who haven’t completed Know Your Customer formalities. **No financial impact** expected, but investors must comply to receive payouts. The update is part of routine regulatory adherence. 📊 *STOCKS:* $CUMMINSINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dividend
Cummins India unveils new power and aftermarket solutions.
*Cummins India unveils new power and aftermarket solutions.* The company showcased its next-generation power solutions and smart aftermarket offerings at bauma CONEXPO India 2026. The event highlights its technological advancements but no financial figures or major deals were disclosed. This is a strategic brand initiative with limited immediate financial impact. 📊 *STOCKS:* $CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ProductLaunch
Cummins India notifies special window for share dematerialization
*Cummins India notifies special window for share dematerialization* as per Exchange filing. The company has published a newspaper notice for a special facility allowing transfer and dematerialization of physical securities. This is a routine compliance and investor facilitation measure. No financial impact is expected. 📊 *STOCKS:* $CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dematerialization
Cummins India: General Updates on KYC details
*Cummins India: General Updates on KYC details.* The company filed a routine update regarding KYC formalities with the NSE. Such filings are part of regular compliance and do not impact operations or financials. No immediate market-moving implications are expected. 📊 *STOCKS:* CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #KYC
Cummins India declares final dividend for FY 2025-26
Cummins India has announced the record date for its final dividend for FY 2025-26. The dividend details and payment timeline will be disclosed in the official newspaper publication. *This is a routine dividend declaration with no immediate price catalyst.* 📊 *STOCKS:* CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #dividend
Motilal Oswal recommends buy on Cummins India with ₹6600 target
*Motilal Oswal recommends buy on Cummins India with a target of **₹6600**.* The brokerage cited strong order book and improving demand in industrial and construction sectors. Profitability is expected to improve due to cost optimization and stable raw material prices. Execution of large infrastructure projects remains a key growth driver. 📊 *STOCKS:* CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Brokerage
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.1K Cr 3.6% | ₹3.2K Cr 9.0% | ₹2.9K Cr 17.7% | ₹2.5K Cr 20.2% | ₹3.1K Cr 23.4% | ₹2.5K Cr 8.3% | ₹2.3K Cr 0.1% | ₹2.3K Cr |
| Op. Profit | ₹634 Cr 8.8% | ₹695 Cr 11.4% | ₹624 Cr 18.9% | ₹525 Cr 12.2% | ₹598 Cr 23.6% | ₹484 Cr 2.3% | ₹473 Cr 12.2% | ₹539 Cr |
| OPM | 21.0% 4.5% | 22.0% 4.8% | 21.0% 0.0% | 21.0% 10.5% | 19.0% 0.0% | 19.0% 5.0% | 20.0% 13.0% | 23.0% |
| Net Profit | ₹486 Cr 21.9% | ₹622 Cr 3.0% | ₹604 Cr 14.0% | ₹530 Cr 5.0% | ₹558 Cr 24.3% | ₹449 Cr 3.0% | ₹463 Cr 14.1% | ₹539 Cr |
| EPS (₹) | 17.53 21.9% | 22.45 3.0% | 21.79 14.1% | 19.1 5.2% | 20.15 24.3% | 16.21 2.9% | 16.69 14.1% | 19.44 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12.1K Cr 16.9% | ₹10.4K Cr 15.5% | ₹9.0K Cr 15.8% | ₹7.8K Cr 25.9% | ₹6.2K Cr 41.5% | ₹4.4K Cr 16.0% | ₹5.2K Cr 8.9% | ₹5.7K Cr 11.4% | ₹5.1K Cr 0.1% | ₹5.1K Cr |
| Expenses | ₹9.5K Cr 14.9% | ₹8.3K Cr 14.9% | ₹7.2K Cr 10.8% | ₹6.5K Cr 23.4% | ₹5.3K Cr 40.8% | ₹3.8K Cr 18.3% | ₹4.6K Cr 4.8% | ₹4.8K Cr 10.4% | ₹4.4K Cr 1.7% | ₹4.3K Cr |
| Op. Profit | ₹2.6K Cr 24.8% | ₹2.1K Cr 17.5% | ₹1.8K Cr 41.8% | ₹1.2K Cr 41.3% | ₹883 Cr 46.4% | ₹603 Cr 1.7% | ₹593 Cr 31.8% | ₹869 Cr 17.8% | ₹738 Cr 8.3% | ₹805 Cr |
| OPM | 21.0% 5.0% | 20.0% 0.0% | 20.0% 25.0% | 16.0% 14.3% | 14.0% 0.0% | 14.0% 27.3% | 11.0% 26.7% | 15.0% 7.1% | 14.0% 12.5% | 16.0% |
| Other Income | ₹702 Cr 1.7% | ₹714 Cr 14.8% | ₹622 Cr 23.9% | ₹502 Cr 6.4% | ₹472 Cr 29.0% | ₹366 Cr 2.8% | ₹356 Cr 8.5% | ₹328 Cr 10.1% | ₹298 Cr 111.3% | ₹141 Cr |
| Interest | ₹12 Cr 25.0% | ₹16 Cr 40.7% | ₹27 Cr 68.8% | ₹16 Cr 33.3% | ₹12 Cr 29.4% | ₹17 Cr 19.0% | ₹21 Cr 23.5% | ₹17 Cr 13.3% | ₹15 Cr 11.8% | ₹17 Cr |
| Depreciation | ₹199 Cr 7.6% | ₹185 Cr 16.4% | ₹159 Cr 12.0% | ₹142 Cr 4.4% | ₹136 Cr 7.1% | ₹127 Cr 5.0% | ₹121 Cr 9.0% | ₹111 Cr 18.1% | ₹94 Cr 10.6% | ₹85 Cr |
| PBT | ₹3.1K Cr 19.0% | ₹2.6K Cr 17.6% | ₹2.2K Cr 38.6% | ₹1.6K Cr 31.8% | ₹1.2K Cr 46.3% | ₹825 Cr 2.2% | ₹807 Cr 24.5% | ₹1.1K Cr 15.3% | ₹927 Cr 10.0% | ₹843 Cr |
| Tax % | 23.0% 0.0% | 23.0% 4.5% | 22.0% 4.3% | 23.0% 0.0% | 23.0% 0.0% | 23.0% 76.9% | 13.0% 58.1% | 31.0% 34.8% | 23.0% 4.5% | 22.0% |
| Net Profit | ₹2.4K Cr 18.1% | ₹2.0K Cr 16.2% | ₹1.7K Cr 40.1% | ₹1.2K Cr 31.5% | ₹934 Cr 47.1% | ₹635 Cr 10.1% | ₹706 Cr 5.0% | ₹743 Cr 4.4% | ₹712 Cr 3.3% | ₹736 Cr |
| EPS (₹) | 85.2 18.1% | 72.15 16.2% | 62.07 40.1% | 44.31 31.6% | 33.68 47.0% | 22.91 10.0% | 25.45 5.0% | 26.79 4.3% | 25.68 3.3% | 26.56 |
| Div Payout | 77.0% 8.5% | 71.0% 16.4% | 61.0% 8.9% | 56.0% 1.8% | 55.0% 15.4% | 65.0% 18.2% | 55.0% 12.7% | 63.0% 8.6% | 58.0% 9.4% | 53.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹55 Cr 0.0% | ₹55 Cr 0.0% | ₹55 Cr 0.0% | ₹55 Cr 0.0% | ₹55 Cr 0.0% | ₹55 Cr 0.0% | ₹55 Cr 0.0% | ₹55 Cr 0.0% | ₹55 Cr 0.0% | ₹55 Cr |
| Reserves | ₹7.8K Cr 4.4% | ₹7.5K Cr 14.5% | ₹6.6K Cr 15.0% | ₹5.7K Cr 12.0% | ₹5.1K Cr 10.7% | ₹4.6K Cr 5.7% | ₹4.3K Cr 2.8% | ₹4.2K Cr 4.1% | ₹4.1K Cr 6.5% | ₹3.8K Cr |
| Borrowings | ₹24 Cr 20.0% | ₹30 Cr 76.4% | ₹127 Cr 66.2% | ₹376 Cr 10.0% | ₹418 Cr 945.0% | ₹40 Cr 92.2% | ₹512 Cr 63.6% | ₹313 Cr 21.8% | ₹257 Cr 2.0% | ₹252 Cr |
| Other Liabilities | ₹2.6K Cr 1.7% | ₹2.6K Cr 15.5% | ₹2.2K Cr 25.1% | ₹1.8K Cr 15.2% | ₹1.5K Cr 22.5% | ₹1.3K Cr 1.3% | ₹1.3K Cr 12.5% | ₹1.5K Cr 9.4% | ₹1.3K Cr 22.7% | ₹1.1K Cr |
| Total Liabilities | ₹10.5K Cr 3.7% | ₹10.2K Cr 13.3% | ₹9.0K Cr 13.3% | ₹7.9K Cr 11.3% | ₹7.1K Cr 19.4% | ₹6.0K Cr 3.9% | ₹6.2K Cr 2.2% | ₹6.1K Cr 6.0% | ₹5.7K Cr 9.6% | ₹5.2K Cr |
Assets | ||||||||||
| Fixed Assets | ₹2.4K Cr 0.1% | ₹2.4K Cr 2.7% | ₹2.3K Cr 3.4% | ₹2.2K Cr 0.8% | ₹2.2K Cr 0.9% | ₹2.2K Cr 3.6% | ₹2.3K Cr 12.7% | ₹2.0K Cr 0.3% | ₹2.0K Cr 34.6% | ₹1.5K Cr |
| CWIP | ₹72 Cr 15.3% | ₹85 Cr 12.4% | ₹97 Cr 136.6% | ₹41 Cr 32.8% | ₹61 Cr 52.3% | ₹128 Cr 60.0% | ₹80 Cr 49.7% | ₹159 Cr 307.7% | ₹39 Cr 91.6% | ₹463 Cr |
| Investments | ₹2.2K Cr 47.5% | ₹1.5K Cr 9.7% | ₹1.6K Cr 12.7% | ₹1.5K Cr 63.3% | ₹892 Cr 48.9% | ₹599 Cr 42.3% | ₹1.0K Cr 121.8% | ₹468 Cr 33.9% | ₹708 Cr 17.9% | ₹862 Cr |
| Other Assets | ₹5.9K Cr 5.2% | ₹6.2K Cr 26.5% | ₹4.9K Cr 17.5% | ₹4.2K Cr 6.2% | ₹4.0K Cr 29.9% | ₹3.0K Cr 8.3% | ₹2.8K Cr 17.8% | ₹3.4K Cr 16.0% | ₹2.9K Cr 23.5% | ₹2.4K Cr |
| Total Assets | ₹10.5K Cr 3.7% | ₹10.2K Cr 13.3% | ₹9.0K Cr 13.3% | ₹7.9K Cr 11.3% | ₹7.1K Cr 19.4% | ₹6.0K Cr 3.9% | ₹6.2K Cr 2.2% | ₹6.1K Cr 6.0% | ₹5.7K Cr 9.6% | ₹5.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.7K Cr 31.0% | ₹1.3K Cr 56.7% | ₹820 Cr 15.2% | ₹712 Cr 9.8% | ₹789 Cr 31.3% | ₹601 Cr 8.7% | ₹553 Cr 12.5% | ₹632 Cr 15.5% | ₹748 Cr 7.5% | ₹696 Cr |
| Investing CF | ₹-578 Cr 133.1% | ₹-248 Cr 385.1% | ₹87 Cr 115.2% | ₹-574 Cr 2396.0% | ₹25 Cr 112.4% | ₹-202 Cr 1446.7% | ₹15 Cr 111.2% | ₹-134 Cr 72.3% | ₹-483 Cr 124.7% | ₹-215 Cr |
| Financing CF | ₹-1.2K Cr 3.0% | ₹-1.1K Cr 65.1% | ₹-687 Cr 737.8% | ₹-82 Cr 90.6% | ₹-873 Cr 111.9% | ₹-412 Cr 21.5% | ₹-525 Cr 11.7% | ₹-470 Cr 108.0% | ₹-226 Cr 52.0% | ₹-471 Cr |
| Net Cash Flow | ₹-63 Cr 35.1% | ₹-97 Cr 144.3% | ₹219 Cr 291.1% | ₹56 Cr 193.3% | ₹-60 Cr 328.6% | ₹-14 Cr 132.6% | ₹43 Cr 53.6% | ₹28 Cr 28.2% | ₹39 Cr 290.0% | ₹10 Cr |
| Free Cash Flow | ₹1.5K Cr 46.1% | ₹1.0K Cr 50.8% | ₹665 Cr 15.0% | ₹782 Cr 15.9% | ₹675 Cr 85.4% | ₹364 Cr 30.5% | ₹279 Cr 48.3% | ₹540 Cr 4.7% | ₹516 Cr 151.7% | ₹205 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 80d 5.9% | 85d 13.3% | 75d 1.4% | 74d 18.7% | 91d 12.3% | 81d 1.2% | 82d 14.6% | 96d 39.1% | 69d 5.5% | 73d |
| Inventory Days | 56d 6.7% | 60d 4.8% | 63d 4.5% | 66d 12.0% | 75d 21.0% | 62d 3.1% | 64d 4.9% | 61d 3.2% | 63d 16.0% | 75d |
| Days Payable | 87d 2.2% | 89d 9.9% | 81d 9.0% | 89d 8.2% | 97d 29.3% | 75d 9.6% | 83d 2.4% | 85d 25.0% | 68d 1.4% | 69d |
| Cash Conv. Cycle | 49d 12.5% | 56d 3.4% | 58d 13.7% | 51d 26.1% | 69d 1.5% | 68d 7.9% | 63d 11.3% | 71d 9.2% | 65d 17.7% | 79d |
| Working Capital Days | 46d 4.2% | 48d 33.3% | 36d 7.7% | 39d 45.8% | 72d 80.0% | 40d 32.2% | 59d 3.5% | 57d 16.3% | 49d 37.2% | 78d |
| ROCE | 36.0% 2.9% | 35.0% 29.6% | 27.0% 28.6% | 21.0% 23.5% | 17.0% 5.6% | 18.0% 25.0% | 24.0% 14.3% | 21.0% 4.5% | 22.0% 8.3% | 24.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Cummins India Limited
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]
Capital GoodsIndustrial Products