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
Concerns
- High premium to book value (P/B 16.5x)
Today's Price Action
The stock is trading at ₹5,035, unchanged from the previous close. The daily volume of 4,83,782 shares exactly matches the 20‑day average, indicating that trading activity is typical for the instrument and that there is no immediate surge in interest.
Valuation Snapshot
Cummins India’s trailing P/E sits at 59, markedly higher than the sector average of zero, which reflects the absence of comparable earnings multiples within the Capital Goods space. A return on equity of 30.2 % underscores strong profitability relative to shareholders’ capital.
Key Levels to Watch
The current price lies closer to the 52‑week high of ₹6,143 than to the low of ₹3,792, suggesting that the stock is positioned near its upper historical range. Open‑interest data from the nearest weekly options expiries show resistance near ₹5,200 and support around ₹4,800, which may act as reference points for short‑term price movement.
Chart Pattern
In the daily chart, a bullish Dragonfly Doji appeared three sessions ago, followed by a hammer candle on the same day; an eight‑day‑old Hanging Man provided a bearish counter‑signal. These three‑day formations are visible on the 1‑day timeframe and collectively illustrate a mixed short‑term price structure with alternating indecision and potential reversal cues.
Data Summary
Key metrics for Cummins India include a market‑cap listed as “₹0 Cr” (indicative of a data placeholder), a P/B ratio of 0, and a robust ROE of 30.2 %. The stock’s 52‑week price corridor spans ₹3,792 to ₹6,143, while trading volume remains consistent with its 20‑day average.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 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
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 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
Motilal Oswal turns bullish on Cummins India with new target price
*Motilal Oswal turns bullish on Cummins India with new target price* — The brokerage has expressed confidence in Cummins India’s growth trajectory, citing strong demand and operational improvements. It set a target price of **₹4,200**, implying significant upside from current levels. The positive outlook reflects improved order visibility and margin prospects. 📊 *STOCKS:* CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #brokerage
Cummins India hosts analyst and investor meet
Cummins India held an analyst and institutional investor meet to discuss business updates. The event provided insights into operational performance and strategic direction. No major announcements or financial revisions were disclosed. 📊 *STOCKS:* CUMMINSIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AnalystMeet
Cummins India QoQ earnings solid but on weak foundations
*Cummins India's solid earnings may rest on weak foundations.* Recent financial performance shows **revenue growth of 8% YoY** and **net profit up 12%**, driven by volume recovery. However, margin pressure from rising input costs and competitive pricing looms. Sustainability of earnings remains a concern amid cyclical demand. 📊 *STOCKS:* CUMMINSIND | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Earnings
Cummins India QoQ earnings growth may be unsustainable
*Cummins India Qoq earnings growth may be unsustainable.* Recent financial performance shows strong numbers, but underlying trends suggest potential weakness in future sustainability. Margins and volume growth face pressure from rising input costs and softening demand. Investors should assess long-term fundamentals before positioning. 📊 *STOCKS:* CUMMINSIND | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Earnings
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