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Cummins India Ltd

CUMMINSIND

Cummins India Ltd

CUMMINSIND
IndustrialsIndustrial Machinery
MidcapWith a market cap of ₹77,652 cr, stock is ranked 122
Moderate RiskStock is 2.59x as volatile as Nifty
2,734.802.37% (-66.50)
2,734.802.37% (-66.50)

Price Chart

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IndustrialsIndustrial Machinery
MidcapWith a market cap of ₹77,652 cr, stock is ranked 122
Moderate RiskStock is 2.59x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsIndustrial Machinery
MidcapWith a market cap of ₹77,652 cr, stock is ranked 122
Moderate RiskStock is 2.59x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
38.6511.741.36%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
40.875.890.66%

Forecast & Ratings

Detailed Forecast 
57%
Analysts have suggested that investors can buy this stock

from 23 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Cummins India Limited is a manufacturer of diesel and natural gas engines, generator sets and related services. The Company operates through two segments: Engines and Lubes.

PE Ratio
55.47
1Y Return
7.54%
Buy Reco %
31.58
PE Ratio
28.94
1Y Return
12.46%
Buy Reco %
33.33
PE Ratio
160.58
1Y Return
62.46%
Buy Reco %
100.00
PE Ratio
51.02
1Y Return
7.37%
Buy Reco %
100.00
PE Ratio
42.42
1Y Return
9.01%
Buy Reco %
57.14
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 9.82%, vs industry avg of 10.61%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 8.72% to 7.82%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 18.3%, vs industry avg of 23.22%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue4,835.765,247.335,415.106,025.025,571.204,746.986,637.628,288.229,623.4310,922.59
Raw Materialssubtract2,964.013,261.563,223.613,659.923,335.172,784.304,145.745,349.215,752.558,146.01
Power & Fuel Costsubtract33.1329.2730.5329.5629.3219.0524.7026.7627.70
Employee Costsubtract421.08445.28511.25561.91577.75509.77614.53648.88801.37
Selling & Administrative Expensessubtract300.74308.97315.93356.79355.59275.77282.83204.18250.15
Operating & Other expensessubtract226.27256.70297.66220.08324.29189.14215.06309.62400.47
Depreciation/Amortizationsubtract81.3685.4794.38111.10120.58127.19135.62142.04159.18180.96
Interest & Other Itemssubtract9.8017.0715.1916.7721.0216.7612.1616.2427.4016.86
Taxes & Other Itemssubtract78.05106.74214.73326.28101.87189.97273.24363.14484.03569.46
EPS26.0226.5625.6826.7925.4522.9133.6844.3162.0772.49
DPS14.0014.0015.0017.0014.0015.0018.5025.0038.0038.00
Payout ratio0.540.530.580.630.550.650.550.560.610.52

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2018

Annual report

PDF

Investor Presentation

Jun 4PDF
FY 2020

Annual report

PDF

Investor Presentation

Apr 27PDF
Dec 14PDF
Aug 8PDF
FY 2021

Annual report

PDF

Investor Presentation

Aug 25PDF
FY 2022

Annual report

PDF

Investor Presentation

Aug 12PDF
FY 2023

Annual report

PDF

Investor Presentation

Aug 10PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 3PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsIndustrial Machinery

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Cummins India Ltd45.1311.741.36%
Thermax Limited55.478.060.38%
AIA Engineering Ltd28.944.930.46%
Jyoti CNC Automation Ltd160.5817.75—

Price Comparison

Compare CUMMINSIND with any stock or ETF
Compare CUMMINSIND with any stock or ETF
CUMMINSIND
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding51.00%16.23%5.67%18.10%9.00%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '2416.46%16.51%17.36%17.95%17.50%18.10%

Mutual Funds Holding Trend

Decreased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has decreased by 1.28%

Top 5 Mutual Funds holding Cummins India Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.1390%1.20%-0.19%58/84 (-1)
0.6241%1.77%-0.31%22/64 (-8)
0.6087%0.75%0.07%28/92 (+22)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

CUMMINSIND has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.36%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹13.57 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateFeb 14, 2025

Interim
Interim | Div/Share: ₹18.00

Dividend/Share

₹18.00

Ex DateEx Date

Feb 14, 2025

Cash Dividend

Ex DateEx DateJul 19, 2024

Final
Final | Div/Share: ₹20.00

Dividend/Share

₹20.00

Ex DateEx Date

Jul 19, 2024

Cash Dividend

Ex DateEx DateFeb 21, 2024

Interim
Interim | Div/Share: ₹18.00

Dividend/Share

₹18.00

Ex DateEx Date

Feb 21, 2024

Cash Dividend

Ex DateEx DateJul 26, 2023

Final
Final | Div/Share: ₹13.00

Dividend/Share

₹13.00

Ex DateEx Date

Jul 26, 2023

Cash Dividend

Ex DateEx DateFeb 21, 2023

Interim
Interim | Div/Share: ₹12.00

Dividend/Share

₹12.00

Ex DateEx Date

Feb 21, 2023

News & Opinions
Spotlight
Cummins India gains as Q3 PAT climbs 13% YoY to Rs 514 cr; declares dividend of Rs 14/sh

Revenue from operations was at Rs 3,041.42 crore in Q3 FY25, marking a growth of 21.56% as against Rs 2,501.81 crore reported in the same quarter last year. Profit before tax stood at Rs 670.16 crore in the third quarter of FY25, up 11.38% from Rs 601.65 crore posted in the corresponding quarter previous fiscal. Domestic sales jumped 18% YoY to Rs 2,577 crore while exports grew by 43% YoY to Rs 464 crore during the period under review. Shveta Arya, Managing Director, Cummins India, said: 'While inflation is easing in most countries, there is still uncertainty in different regions globally, leading to an overall subdued outlook. US policy is expected to have a significant impact on the global economy in the years ahead. Amidst the uncertainties in various global economies, the Indian economy is recovering well after slower growth in Q2 FY25. GST collections continue to remain strong, indicating robust underlying trade activities, while other key economic indicators like IIP, PMI are pointing to a reasonable economic outlook for the year. Cummins India Limited continues to execute its profitable growth strategy and has recorded the highest quarterly revenue as a result of the robust demand across segments.' In its outlook, the company said it has a strong portfolio of CPCB IV+ emission norms-compliant products to meet customer demand across the entire product range. With the adoption of new generation emission norms, we remain cautiously optimistic about the demand outlook for the near-term and optimistic about the long-term growth prospects. Regarding exports, the company continues to work closely with its trade partners to drive growth in respective end markets. With its diversified portfolio of products, the company remains optimistic about the recovery in export demand. The company has access to the latest technology, a trusted brand, wide range of incredible products, world-class manufacturing capabilities, best-in-class talent, and a customer-centric service organization with an extensive distribution and service network throughout the country and neighboring regions. The company is wellpositioned with a strong balance sheet and liquidity position to support profitable growth. Meanwhile, the company's board has declared an interim dividend of Rs 18 per equity share for the financial year 2024-2025. The record date fixed for the payment of the interim dividend is 14 February 2025. The date fixed for payment of dividends is on or before March 3, 2025. Cummins India is a leading manufacturer of diesel and natural gas engines. The company is engaged in the business of manufacturing, trading, and selling engines and allied activities.Powered by Capital Market - Live

1 week agoCapital Market - Live
Earnings
Cummins India consolidated net profit rises 11.94% in the December 2024 quarter

Net profit of Cummins India rose 11.94% to Rs 558.46 crore in the quarter ended December 2024 as against Rs 498.91 crore during the previous quarter ended December 2023. Sales rose 21.61% to Rs 3052.15 crore in the quarter ended December 2024 as against Rs 2509.79 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3052.152509.79 22 OPM %19.5821.62 - PBDT762.87690.75 10 PBT713.59648.46 10 NP558.46498.91 12 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Board of Cummins India recommends interim dividend

Cummins India announced that the Board of Directors of the Company at its meeting held on 5 February 2025, inter alia, have recommended the interim dividend of Rs 18 per equity Share (i.e. 900%) , subject to the approval of the shareholders.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Cummins India fixes record date for interim dividend

Cummins India has fixed 14 February 2025 as record date for interim dividend. The dividend will be paid by 03 March 2025. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Cummins India to announce Quarterly Result

Cummins India will hold a meeting of the Board of Directors of the Company on 5 February 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Cummins India appoints Prasad Kulkarni as interim CFO

Prasad Kulkarni, a seasoned finance professional currently holding the position of finance controller for the company's distribution business as of date, will take charge as the interim CFO of the company. Prasad Kulkarni, aged 44, is a postgraduate in commerce, qualified Chartered Accountant, and CISA from ICASA USA and has also completed an Executive MBA. Kulkarni has 21 and more years of diverse experience in domains such as financial planning and analysis, consolidations, technical accounting, auditing, project management, corporate governance, capital market transactions, and cross-border deals. He has been with Cummins India Limited since July 2014 and is currently serving the company as the finance controller for the distribution business. Prior to joining Cummins, Kulkarni worked in consulting, wherein he was involved in various audits of large MNCs and banks, compliance and governance, corporate restructuring, and capital market transactions such as FCCBs, QIPs, etc. Cummins India is a leading manufacturer of diesel and natural gas engines. The company is engaged in the business of manufacturing, trading, and selling engines and allied activities. The company's standalone net profit jumped 37.16% to Rs 450.61 crore in Q2 FY25 as against Rs 328.51 crore posted in Q2 FY24. Revenue from operations was at Rs 2,448.40 crore in Q2 FY25, marking a growth of 30.82% as against Rs 1871.45 crore reported in the same quarter last year. Shares of Cummins India fell 2.24% to currently trade at Rs 3,449 on the BSE.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Cummins India introduces aftermarket solutions for construction and mining segments

Cummins India unveiled its advanced range of Aftermarket Solutions for back-up power gensets, construction and mining segments at the 7th edition of baumaCONEXPO India 2024. The newly unveiled solutions include DATUM S - an extension to the innovative fuel management solutions from Cummins India, OptiNAS+ Hydraulic Oil Filter, and DG Blue Diesel Exhaust Fluid for CPCBIV+ gensets. These solutions have been developed to help customers endure the tough and demanding conditions of construction and mining operations while fully complying with the strict emission standards.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Cummins India CFO resigns

Cummins India announced the resignation of Ajay Shriram Patil as Chief Financial Officer of the company with effect from 09 January 2025. Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Cummins India gains as Q2 PAT climbs 37% YoY to Rs 451 cr

Revenue from operations was at Rs 2,448.40 crore in Q2 FY25, marking a growth of 30.82% as against Rs 1871.45 crore reported in the same quarter last year. Profit before tax stood at Rs 594.38 crore in second quarter of FY25, up 39.49% from Rs 426.29 crore posted in corresponding quarter previous fiscal. Domestic sales jumped 47% YoY to Rs 2,008 crore while exports slipped 13% YoY to Rs 440 crore during the period under review. Ashwath Ram, MD, Cummins India, said, 'Indian economy continues to remain resilient despite increasingly intense geopolitical conflicts. GST collections continue to remain strong, indicating robust underlying trade activities, while other key economic indicators like IIP, PMI are pointing to a reasonable economic outlook for the year. With stable fiscal and monetary policies, the Government's continued emphasis on infrastructure development, and PLI-led capex, the Indian economy is on course for growth in the range of 6.8% to 7.2%, according to various estimates. Cummins India Limited continues to execute its profitable growth strategy and is well-positioned to meet the demands of its end markets. At the same time, internationally, geopolitical risks and conflicts continue to pose uncertainty about global trade and supply chain disruptions. Effective July 1, 2024, with a complete transition to CPCB IV+ emission norms for the applicable products, the company is well-positioned and had all its products certified well ahead of the time.' On outlook front, the company stated, the company has a strong portfolio of CPCB IV+ emission norms-compliant products to meet customer demand across the entire product range. With the transition to new emission norms, we remain cautiously optimistic about the demand outlook for the near term and optimistic about the long-term growth prospects. Regarding exports, the company continues to work closely with its trade partners to drive growth in respective end markets. We remain cautiously optimistic about the export demand recovery as the economic and geopolitical events have impacted the end markets. With its diversified portfolio of products, company remains optimistic about the recovery in exports demand. The company has access to latest technology, a trusted brand, wide range of incredible products, world-class manufacturing capabilities, best-in-class talent, and a customer-centric service organization with an extensive distribution and service network throughout the country and neighboring regions. The company is well positioned with a strong balance sheet and liquidity position to support profitable growth. Meanwhile, the board has approved to seek approval of the members of the company for appointment of Cornelius O'Sullivan as a director of the company with effect from 8 November 2024. Cummins India is a leading manufacturer of diesel and natural gas engines. The Company is engaged in the business of manufacturing trading and selling of engines and allied activities.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Cummins India consolidated net profit rises 36.55% in the September 2024 quarter

Net profit of Cummins India rose 36.55% to Rs 449.37 crore in the quarter ended September 2024 as against Rs 329.09 crore during the previous quarter ended September 2023. Sales rose 30.18% to Rs 2465.09 crore in the quarter ended September 2024 as against Rs 1893.63 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2465.091893.63 30 OPM %19.6318.28 - PBDT638.80466.94 37 PBT593.84428.68 39 NP449.37329.09 37 Powered by Capital Market - Live

3 months agoCapital Market - Live