₹5,448
▼ -144.28 -2.58%
18 Jul 2026
NSE Listed
Cummins India Ltd. (CUMMINSIND)
Volume: 6,66,621Avg Vol 1W: 5,11,116.6Avg Vol 1M: 5,76,808.752W Range:₹3,481.5₹6,100
Key Ratios
Checked 6h agoMarket Cap₹1,51,019 Cr
Current Price₹5,448
Previous Close₹5,592.28
High / Low (52w)₹6,100 / ₹3,481.5
Volume6,66,621
Avg Vol (1W)5,11,116.6
Avg Vol (1M)5,76,808.7
Stock P/E232.52
Book Value₹305.74
Dividend Yield121%
ROE27.87%
ROA20.89%
Revenue (TTM)₹12,661 Cr
Revenue Growth15.5%
Profit Margin19.76%
Total Debt₹0 Cr
Shares Outstanding28 Cr
Face Value₹2
EPS (TTM)₹87.47
P/B17.83
Debt / Equity0
50 DMA₹5,612.26
200 DMA₹4,798.82
Day change-2.58%
Price Chart
₹5,448▲ 54.07% · 1Y
2025-07-182026-07-17
20-day avg volume: 5.8L shares
Pros
- Healthy return on equity of 27.9%.
- Pays a dividend yield of 121.0%.
- Company is almost debt-free.
Cons
- Stock trades at a high P/E of 233.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,316 Cr | ₹2,509 Cr | ₹3,096 Cr | ₹2,470 Cr | ₹2,907 Cr | ₹3,170 Cr | ₹3,055 Cr | ₹3,011 Cr |
| EBITDA | ₹533 Cr | ₹544 Cr | ₹660 Cr | ₹605 Cr | ₹709 Cr | ₹768 Cr | ₹700 Cr | ₹736 Cr |
| Net Profit | ₹463 Cr | ₹449 Cr | ₹558 Cr | ₹530 Cr | ₹604 Cr | ₹622 Cr | ₹486 Cr | ₹649 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5,932 Cr | ₹5,449 Cr | ₹4,634 Cr | ₹6,414 Cr | ₹8,080 Cr | ₹9,378 Cr | ₹10,838 Cr | ₹12,661 Cr |
| EBITDA | ₹993 Cr | ₹726 Cr | ₹729 Cr | ₹996 Cr | ₹1,414 Cr | ₹1,989 Cr | ₹2,342 Cr | ₹2,914 Cr |
| Net Profit | ₹743 Cr | ₹706 Cr | ₹635 Cr | ₹934 Cr | ₹1,228 Cr | ₹1,721 Cr | ₹2,000 Cr | ₹2,362 Cr |
| EPS | 26.79 | 25.45 | 22.91 | 33.68 | 44.31 | 62.07 | 72.15 | 85.2 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹6,060 Cr | ₹6,196 Cr | ₹5,956 Cr | ₹7,112 Cr | ₹7,919 Cr | ₹8,971 Cr | ₹10,168 Cr | ₹11,304 Cr |
| Total Liabilities | ₹1,777 Cr | ₹1,794 Cr | ₹1,305 Cr | ₹1,967 Cr | ₹2,160 Cr | ₹2,358 Cr | ₹2,607 Cr | ₹2,829 Cr |
| Equity | ₹4,283 Cr | ₹4,402 Cr | ₹4,651 Cr | ₹5,145 Cr | ₹5,758 Cr | ₹6,612 Cr | ₹7,561 Cr | ₹8,475 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹815 Cr | ₹791 Cr | ₹763 Cr | ₹873 Cr | ₹967 Cr | ₹1,172 Cr | ₹1,787 Cr | ₹2,250 Cr |
| Investing | ₹-134 Cr | ₹16 Cr | ₹-214 Cr | ₹15 Cr | ₹-586 Cr | ₹69 Cr | ₹-268 Cr | ₹-582 Cr |
| Financing | ₹-470 Cr | ₹-525 Cr | ₹-412 Cr | ₹-873 Cr | ₹-82 Cr | ₹-687 Cr | ₹-1,134 Cr | ₹-1,168 Cr |
| Free Cash Flow | ₹815 Cr | ₹791 Cr | ₹763 Cr | ₹873 Cr | ₹967 Cr | ₹1,172 Cr | ₹1,787 Cr | ₹2,250 Cr |
Shareholding
Promoter 51% Institutions 40.33% Public 8.68%
Efficiency & Working Capital
ROCE36.1%
Interest Coverage249.7
Dividend Payout—
Debtor Days80 d
Inventory Days35 d
Payable Days55 d
Cash Conversion Cycle60 d
Working Capital Days115 d
Shareholding Details
As of 2026-03-31
Promoter51%
FII20.8%
DII19.5%
Institutions40.3%
Public8.7%
Promoter Pledge0%
No. of Shareholders1,61,993
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% |
| FIIs | 14.4% | 16.5% | 16.5% | 17.4% | 18% | 17.5% | 18.1% | 17.2% | 17.5% | 18.3% | 19.4% | 20.8% |
| DIIs | 24% | 22.2% | 23.6% | 23% | 22.4% | 22.6% | 21.9% | 22.9% | 22.6% | 21.8% | 20.7% | 19.5% |
| Public | 10.7% | 10.4% | 8.9% | 8.6% | 8.7% | 8.9% | 9% | 8.8% | 8.9% | 8.8% | 8.9% | 8.7% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 1,19,883 | 1,28,971 | 1,17,905 | 1,20,043 | 1,50,097 | 1,64,943 | 1,77,228 | 1,62,496 | 1,59,665 | 1,60,027 | 1,66,210 | 1,61,993 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Cummins Inc | Shareholding of Promoter and Promoter Group | 51% | 14.14 Cr |
| Nps Trust- A/c Sbi Pension Fund Scheme | Public Shareholding | 2.6% | 72,76,213 |
| Hdfc Mutual Fund - Hdfc Mid-cap Fund | Public Shareholding | 2.1% | 56,70,866 |
| Icici Prudential Large Cap Fund | Public Shareholding | 1.6% | 44,49,198 |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap Fund | Public Shareholding | 1.4% | 38,67,037 |
| Life Insurance Corporation Of India | Public Shareholding | 1.1% | 30,44,716 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Cummins Inc | 0 | 0% | 2026-03-31 |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap Fund | 0 | 0% | 2026-03-31 |
| Icici Prudential Large Cap Fund | 0 | 0% | 2026-03-31 |
| Hdfc Mutual Fund - Hdfc Mid-cap Fund | 0 | 0% | 2026-03-31 |
| Life Insurance Corporation Of India | 0 | 0% | 2026-03-31 |
| Nps Trust- A/c Sbi Pension Fund Scheme | 0 | 0% | 2026-03-31 |
| Cummins Inc | 0 | 0% | 2025-12-31 |
| Icici Prudential Large Cap Fund | 0 | 0% | 2025-12-31 |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap Fund | 0 | 0% | 2025-12-31 |
| Hdfc Mutual Fund - Hdfc Mid-cap Fund | 0 | 0% | 2025-12-31 |
| Hdfc Life Insurance Company Limited | 0 | 0% | 2025-12-31 |
| Nps Trust- A/c Sbi Pension Fund Scheme | 0 | 0% | 2025-12-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Jennifer Mary Bush | Chairman(Non Exe)&Dir(Non-Ind) | 2026 |
| SHVETA ARYA | Executive Director & MD | 2026 |
| Donald G Jackson | Non-Exec & Non-Independent Dir | 2026 |
| Cornelius O Sullivan | Non-Exec & Non-Independent Dir | 2026 |
| Rekha | Independent Non Exe. Director | 2026 |
| Lira Goswami | Independent Non Exe. Director | 2026 |
| Sekhar Natarajan | Independent Non Exe. Director | 2026 |
| F N Subedar | Independent Non Exe. Director | 2026 |
| Vibha Paul Rishi | Independent Non Exe. Director | 2026 |
| Thierry Bruno Pimi Nouyeuwe | Non-Exec & Non-Independent Dir | 2026 |
| Vinaya Joshi | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Engine Business | ₹3,745 Cr | 92.4% |
| Others | ₹308 Cr | 7.6% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Within India | ₹10,085 Cr | 83.4% |
| Outside India | ₹2,007 Cr | 16.6% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 80 | 55 | 55 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-05 | Board Meetings | — |
| forthcoming | 2026-07-17 | Dividend (46/- per share) | Final |
| dividend | 2026-07-17 | ₹46 (2300%) | Final |
| dividend | 2026-02-11 | ₹20 (1000%) | Interim |
| dividend | 2025-07-18 | ₹33.5 (1675%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 4,229 | 139 | 239 | 11 | 4,006 | 10,073 |
| 2026 | 733 | 0 | 52 | 0 | 570 | 1,706 |
| 2026 | 1,674 | 0 | 0 | 11 | 2,735 | 5,495 |
Insider / Designated-Person Trades
5 recent disclosure(s)
Mohan RamachandranDisposal · 100
Mohan RamachandranDisposal · 100
Mohan RamachandranDisposal · 200
Nachiket GoleDisposal · 500
Nachiket GoleAcquisition · 500
Substantial Acquisitions (SAST)
2 disclosure(s)
Market24/04/2025 · 2,30,816
Market21/03/2024 · 1,17,956
Company Information
Incorporated1962
ChairmanJennifer Mary Bush
AuditorPrice Waterhouse & Co Chartered Accountants LLP
Investor Email[email protected];
📍 Cummins India Office Campus, Tower A 5 Flr S No 21 Balewadi, Pune, Maharashtra, 411045
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