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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]
Strong ParentBacked by Cummins Inc.’s 51% stake, the company is developing fuel-efficient, emission-compliant products using diverse energy sources aimed at meeting future emission norms while ensuring high performance, reliability, and sustainability.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Cummins India | 4459.30 | 55.47 | 123611.80 | 1.15 | 637.69 | 41.52 | 3170.27 | 27.20 | 37.59 | 11619.99 | 20.98 | 2228.54 | 637.69 | 16.84 | 21.00 | 0.00 |
| 2. | Kirloskar Oil | 1165.10 | 34.79 | 16934.13 | 0.56 | 159.19 | 33.60 | 1948.38 | 29.50 | 13.68 | 6915.20 | 18.45 | 486.77 | 162.46 | 5.02 | 4.59 | 1.64 |
| 3. | Elgi Equipments | 491.45 | 39.98 | 15574.49 | 0.45 | 121.40 | 28.17 | 968.00 | 11.41 | 21.91 | 3675.19 | 14.43 | 389.58 | 121.40 | 7.76 | 11.93 | 0.26 |
| 4. | KSB | 756.00 | 50.14 | 13166.91 | 0.53 | 67.50 | 9.40 | 649.60 | 5.37 | 23.82 | 2638.10 | 12.98 | 262.60 | 67.50 | 8.57 | 11.19 | 0.00 |
| 5. | Kirl. Brothers | 1633.30 | 32.72 | 12959.18 | 0.43 | 72.20 | -27.77 | 1027.70 | -0.78 | 27.59 | 4432.20 | 12.98 | 396.05 | 69.07 | 5.88 | 11.89 | 0.10 |
| 6. | Ingersoll-Rand | 3682.70 | 43.94 | 11629.07 | 2.17 | 60.35 | 0.00 | 321.94 | -0.05 | 60.02 | 1341.12 | 25.05 | 264.65 | 60.35 | 17.88 | 30.02 | 0.02 |
| 7. | Shakti Pumps | 618.80 | 18.98 | 7626.24 | 0.16 | 90.71 | -10.56 | 666.35 | 5.00 | 55.31 | 2602.94 | 22.97 | 401.82 | 90.71 | 4.69 | 23.88 | 0.38 |
| – | Median: 14 Co. | 804.8 | 40.16 | 7250.54 | 0.55 | 63.92 | 4.69 | 594.62 | 6.97 | 25.7 | 2200.46 | 15.24 | 263.62 | 63.92 | 5.96 | 11.91 | 0.12 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,951 | 2,181 | 1,926 | 2,209 | 1,900 | 2,534 | 2,316 | 2,304 | 2,492 | 3,086 | 2,457 | 2,907 | 3,170 |
Expenses | 1,661 | 1,768 | 1,600 | 1,868 | 1,561 | 1,996 | 1,772 | 1,837 | 2,011 | 2,486 | 1,937 | 2,283 | 2,475 |
Operating Profit | 291 | 412 | 326 | 341 | 339 | 538 | 544 | 467 | 481 | 600 | 520 | 624 | 695 |
Other Income | 85 | 104 | 131 | 117 | 132 | 112 | 204 | 132 | 161 | 121 | 212 | 197 | 196 |
Profit before tax | 336 | 479 | 413 | 415 | 426 | 602 | 701 | 551 | 594 | 670 | 681 | 770 | 839 |
Tax % | 25% | 25% | 23% | 24% | 23% | 24% | 20% | 24% | 24% | 23% | 23% | 23% | 24% |
Net Profit | 252 | 360 | 318 | 316 | 329 | 455 | 562 | 420 | 451 | 514 | 521 | 589 | 638 |
EPS in Rs | 9.10 | 12.99 | 11.49 | 11.39 | 11.85 | 16.41 | 20.26 | 15.14 | 16.26 | 18.54 | 18.81 | 21.26 | 23.00 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 3,977 | 4,406 | 4,709 | 5,077 | 5,082 | 5,659 | 5,158 | 4,329 | 6,140 | 7,744 | 8,959 | 10,339 | 11,620 |
Expenses | 3,280 | 3,674 | 3,934 | 4,276 | 4,345 | 4,795 | 4,567 | 3,729 | 5,260 | 6,502 | 7,197 | 8,271 | 9,182 |
Operating Profit | 697 | 732 | 775 | 802 | 738 | 864 | 590 | 600 | 880 | 1,243 | 1,761 | 2,068 | 2,438 |
Other Income | 178 | 287 | 226 | 208 | 279 | 293 | 308 | 349 | 425 | 406 | 566 | 626 | 726 |
Interest | 4 | 1 | 10 | 17 | 15 | 16 | 20 | 16 | 12 | 16 | 27 | 15 | 13 |
Depreciation | 53 | 80 | 81 | 85 | 94 | 110 | 119 | 126 | 134 | 140 | 158 | 183 | 191 |
Profit before tax | 818 | 937 | 910 | 908 | 908 | 1,030 | 759 | 808 | 1,159 | 1,492 | 2,143 | 2,496 | 2,960 |
Net Profit | 600 | 786 | 754 | 735 | 708 | 723 | 629 | 618 | 887 | 1,130 | 1,661 | 1,906 | 2,262 |
EPS in Rs | 21.65 | 28.35 | 27.21 | 26.50 | 25.56 | 26.07 | 22.70 | 22.29 | 31.99 | 40.76 | 59.91 | 68.75 | 81.61 |
Dividend Payout % | 60% | 49% | 51% | 53% | 59% | 65% | 62% | 67% | 58% | 61% | 63% | 75% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
Reserves | 2,510 | 2,831 | 3,426 | 3,687 | 3,931 | 4,075 | 4,120 | 4,351 | 4,797 | 5,313 | 6,108 | 6,963 | 7,283 |
Borrowings | 0 | 0 | 0 | 251 | 252 | 309 | 504 | 33 | 412 | 373 | 120 | 30 | 24 |
Other Liabilities | 1,208 | 1,435 | 1,009 | 1,048 | 1,294 | 1,414 | 1,275 | 1,257 | 1,540 | 1,771 | 2,215 | 2,558 | 2,621 |
Total Liabilities | 3,773 | 4,322 | 4,490 | 5,041 | 5,531 | 5,854 | 5,954 | 5,697 | 6,805 | 7,512 | 8,498 | 9,606 | 9,984 |
Fixed Assets | 919 | 1,234 | 1,289 | 1,500 | 2,019 | 2,013 | 2,264 | 2,185 | 2,204 | 2,222 | 2,295 | 2,364 | 2,366 |
Gross Block | 1,512 | 1,883 | 1,992 | 2,250 | 2,846 | 2,944 | 3,228 | 3,198 | 3,310 | 3,427 | 3,597 | 3,772 | – |
Accumulated Depreciation | 593 | 649 | 702 | 750 | 827 | 931 | 964 | 1,013 | 1,105 | 1,205 | 1,302 | 1,408 | – |
CWIP | 96 | 171 | 519 | 463 | 38 | 159 | 80 | 128 | 61 | 41 | 97 | 85 | 72 |
Investments | 495 | 465 | 334 | 707 | 549 | 285 | 824 | 369 | 615 | 1,085 | 1,215 | 957 | 1,630 |
Other Assets | 2,262 | 2,452 | 2,348 | 2,370 | 2,925 | 3,397 | 2,786 | 3,015 | 3,925 | 4,164 | 4,891 | 6,200 | 5,916 |
Total Assets | 3,773 | 4,322 | 4,490 | 5,041 | 5,531 | 5,854 | 5,954 | 5,697 | 6,805 | 7,512 | 8,498 | 9,606 | 9,984 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 361 | 498 | 692 | 746 | 634 | 550 | 599 | 788 | 707 | 811 | 1,280 | 1,689 |
Cash from Investing Activity | 55 | -56 | -214 | -482 | -133 | 16 | -202 | 25 | -574 | 87 | -247 | -580 |
Cash from Financing Activity | -426 | -423 | -468 | -225 | -473 | -523 | -411 | -872 | -77 | -684 | -1,133 | -1,166 |
Net Cash Flow | -9 | 19 | 10 | 39 | 29 | 43 | -14 | -60 | 56 | 214 | -100 | -57 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 72 | 78 | 73 | 69 | 95 | 82 | 80 | 91 | 74 | 75 | 85 | 81 |
Inventory Days | 83 | 92 | 74 | 63 | 60 | 63 | 62 | 74 | 65 | 62 | 59 | 57 |
Days Payable | 73 | 81 | 69 | 68 | 85 | 83 | 75 | 96 | 89 | 80 | 89 | 87 |
Cash Conversion Cycle | 82 | 88 | 78 | 64 | 71 | 62 | 67 | 68 | 50 | 57 | 55 | 51 |
Working Capital Days | 43 | 56 | 78 | 48 | 57 | 58 | 40 | 71 | 39 | 36 | 48 | 46 |
ROCE % | 33% | 31% | 29% | 25% | 21% | 24% | 17% | 19% | 21% | 27% | 36% | 38% |
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