Capital Goods · NIFTY 500
Cummins India Limited
NSECUMMINSIND
BSE500480 ISININE298A01020 SeriesEQ Listed on NSE · BSE
₹4,258.20 +28.40 (+0.67%) Updated 12 Nov, 8:49 pm IST
Price, daily close-6.21% in a year
Today
- Open
- ₹4,230.00
- Prev close
- ₹4,229.80
- Day high
- ₹4,315.00
- Day low
- ₹4,196.70
- Volume
- 10.21 L
- Value traded
- ₹435.75 Cr
- Upper circuit
- ₹4,379.30
- Lower circuit
- ₹4,124.30
- 52W high
- ₹6,100.00
- 52W low
- ₹3,883.10
- 1 month
- -14.60%
- 6 months
- -22.71%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹118,037 Cr
P/E (TTM)52.42
P/B14.22
Book value / share₹299.40
EPS (TTM)₹81.24
ROE27.1%
Dividend yield1.55%
Dividend (12m)₹66.00 / share
Net margin (TTM)17.6%
Operating margin15.3%
Debt / equity—
Current ratio3.06
EV / EBITDA51.14
Sales growth (YoY qtr)+4.13%
Profit growth (YoY qtr)-18.50%
Sales CAGR 3Y+16.04%
Profit CAGR 3Y+24.35%
Shares27.72 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—-8.7%-0.1%+8.3%+23%-20%+18%+9.1%-3.6%-1.4%+14%-3.6%
Revenue · YoY (vs a year ago)
————+22%+6.5%+26%+26%-1.3%+22%+18%+4.1%
Net profit · QoQ (vs last quarter)
—+8.0%-14%-2.9%+24%-5.2%+14%+3.1%-22%+34%-6.2%-17%
Net profit · YoY (vs a year ago)
————+12%-1.7%+31%+38%-13%+23%+0.9%-19%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————+12%-1.7%+31%+38%-13%+23%+0.9%-18%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,541 | 2,319 | 2,316 | 2,509 | 3,096 | 2,470 | 2,907 | 3,170 | 3,055 | 3,011 | 3,426 | 3,301 |
| Other income | 99.4 | 99.9 | 104 | 105 | 111 | 126 | 134 | 123 | 116 | 145 | 137 | 137 |
| Total income | 2,641 | 2,419 | 2,419 | 2,614 | 3,208 | 2,597 | 3,041 | 3,293 | 3,171 | 3,156 | 3,563 | 3,438 |
| Raw material | 1,239 | 1,218 | 1,323 | 1,539 | 1,625 | 1,423 | 1,776 | 1,804 | 1,676 | 1,707 | 2,094 | 2,118 |
| Purchases | 232 | 276 | 181 | 159 | 182 | 178 | 214 | 197 | 200 | 198 | 215 | 204 |
| Employee cost | 215 | 194 | 188 | 199 | 240 | 171 | 199 | 199 | 200 | 196 | 233 | 235 |
| Other expenses | 194 | 104 | 224 | 222 | 242 | 231 | 252 | 265 | 322 | 247 | 298 | 319 |
| Total expenses | 2,048 | 1,829 | 1,892 | 2,072 | 2,551 | 1,997 | 2,334 | 2,527 | 2,476 | 2,423 | 2,866 | 2,852 |
| Operating profit | 541 | 539 | 473 | 484 | 598 | 525 | 636 | 695 | 508 | 674 | 616 | 506 |
| OPM % | 21.3% | 23.2% | 20.4% | 19.3% | 19.3% | 21.3% | 21.9% | 21.9% | 16.6% | 22.4% | 18.0% | 15.3% |
| Finance cost | 6.5 | 6.3 | 5.0 | 2.6 | 3.0 | 5.3 | 2.7 | 2.6 | 4.8 | 2.4 | 3.9 | 3.0 |
| Depreciation | 42.3 | 42.4 | 44.3 | 45.0 | 49.3 | 46.5 | 47.9 | 49.2 | 50.4 | 51.1 | 52.6 | 53.9 |
| Exceptional items | -1.7 | — | — | — | — | — | 12.6 | — | -127 | 32.3 | — | — |
| Profit before tax | 591 | 590 | 528 | 542 | 657 | 600 | 719 | 766 | 569 | 766 | 697 | 587 |
| Tax | 148 | 137 | 132 | 144 | 155 | 161 | 181 | 202 | 139 | 202 | 178 | 134 |
| Net profit | 499 | 539 | 463 | 449 | 558 | 530 | 604 | 622 | 486 | 649 | 609 | 507 |
| Profit to shareholders | 499 | 539 | 463 | 449 | 558 | 530 | 604 | 622 | — | 649 | 609 | 507 |
| EPS (₹) | 18.00 | 19.44 | 16.69 | 16.21 | 20.15 | 19.10 | 21.79 | 22.45 | 17.53 | 23.43 | 21.98 | 18.30 |
Profit & loss
Results for each year
8 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—-8.9%-16%+42%+26%+16%+15%+17%
Net profit · YoY (vs a year ago)
—-5.0%-10%+47%+32%+40%+16%+18%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,697 | 5,191 | 4,360 | 6,171 | 7,772 | 9,000 | 10,391 | 12,143 |
| Other income | 235 | 257 | 274 | 243 | 308 | 378 | 447 | 517 |
| Total expenses | 4,956 | 4,744 | 3,922 | 5,431 | 6,683 | 7,417 | 8,512 | 9,759 |
| Employee cost | 562 | 578 | 510 | 615 | 649 | 801 | 797 | 795 |
| Operating profit | 869 | 569 | 582 | 888 | 1,233 | 1,768 | 2,080 | 2,513 |
| OPM % | 15.3% | 11.0% | 13.3% | 14.4% | 15.9% | 19.6% | 20.0% | 20.7% |
| Finance cost | 16.8 | 21.0 | 16.8 | 12.2 | 16.2 | 27.4 | 15.9 | 12.4 |
| Depreciation | 111 | 121 | 127 | 136 | 142 | 159 | 185 | 199 |
| Profit before tax | 976 | 685 | 712 | 983 | 1,383 | 1,959 | 2,326 | 2,820 |
| Tax | 326 | 102 | 190 | 273 | 363 | 484 | 593 | 724 |
| Tax rate % | 33.4% | 14.9% | 26.7% | 27.8% | 26.3% | 24.7% | 25.5% | 25.7% |
| Net profit | 743 | 706 | 635 | 801 | 1,228 | 1,721 | 2,000 | 2,362 |
| Profit to shareholders | — | 706 | 635 | 934 | 1,228 | 1,721 | 2,000 | 2,362 |
| Net margin % | 13.0% | 13.6% | 14.6% | 15.1% | 15.8% | 19.1% | 19.2% | 19.4% |
| EPS (₹) | 26.79 | 25.45 | 22.91 | 33.69 | 44.31 | 62.07 | 72.15 | 85.20 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+15%+14%+12%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 5,758 | 6,612 | 7,561 | 8,475 | 8,299 |
| Long-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Short-term borrowings | 350 | 100 | 0.0 | 0.0 | 0.0 |
| Total borrowings | 350 | 100 | — | — | — |
| Current liabilities | 1,890 | 2,057 | 2,233 | 2,440 | 2,647 |
| Fixed assets (PPE) | 1,169 | 1,195 | 1,292 | 1,368 | 1,358 |
| Inventories | 904 | 950 | 1,004 | 1,168 | 1,355 |
| Trade receivables | 1,597 | 2,085 | 2,278 | 2,754 | 2,646 |
| Cash & equivalents | 397 | 300 | 235 | 500 | 166 |
| Current assets | 5,097 | 5,940 | 6,921 | 8,107 | 8,088 |
| Total assets | 7,919 | 8,971 | 10,168 | 11,304 | 11,386 |
| Debt / equity | 0.06 | 0.02 | — | — | — |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—+15%+57%+31%+2.9%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 712 | 820 | 1,285 | 1,685 | 1,734 |
| Cash from investing | -586 | 69.1 | -268 | -582 | 15.0 |
| Cash from financing | -82.3 | -687 | -1,134 | -1,168 | -1,495 |
| Spent on fixed assets | -152 | -162 | -286 | -238 | -252 |
| Free cash flow | 560 | 658 | 999 | 1,447 | 1,483 |
| Net cash flow | 43.4 | 201 | -117 | -64.8 | 254 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
51.0%promoter
- Promoter & group
- 51.00%
- Public (FIIs, mutual funds, retail…)
- 49.00%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 46 Per Share
- 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
- Interim Dividend - Rs 12 Per Share
Board meetings
- Cummins India Limited has informed the Exchange about Board Meeting to be held on 04-Nov-2026 to inter-alia consider and approve the Unaudited Financ…
- the financial results for the quarter and half year ending September 30, 2026
- Cummins India Limited has informed the Exchange about Board Meeting to be held on 05-Aug-2026 to inter-alia consider and approve the Unaudited Financ…
- unaudited financial results (standalone and consolidated) for the quarter ending June 30, 2026.
- the audited Financial Results of the Company (Standalone and Consolidated) for the quarter and Financial Year ended March 31, 2026 and to consider re…
Filings with NSE
- Copy of Newspaper Publication
- Shareholders meeting
- Copy of Newspaper Publication
- Press Release
- Outcome of Board Meeting
- Analysts/Institutional Investor Meet/Con. Call Updates
- Action(s) taken or orders passed
Latest news
Cummins India shares tank 14% after Q2 results miss; all eyes on earnings callCNBC TV18 · 5 Nov, 7:00 amCummins India (NSEI:CUMMINSIND) Stock Forecast & Analyst PredictionsSimply Wall St · 6 Nov, 1:30 pmCummins India Ltd. Key Financial Ratios – Valuation, Profitability & MoreValue Research · 30 Aug, 7:25 pmCummins India Share Price Rises 2.77% Today: Price AnalysisUnivest · 28 Oct, 12:30 pmCummins India shares fall over 4% after Q1 earnings, MD resignationET Manufacturing · 6 Aug, 12:30 pmCummins India shares fall 2.14%TradingView · 19 Aug, 12:30 pmCummins India: Citi bets on data centre tailwinds; sees 14% upsideBusiness Standard · 1 Jun, 12:30 pmStock to buy today: Cummins India (₹4,520.65) – BUYBusinessLine · 17 Feb, 1:30 pmAbout
About Cummins India Limited
Cummins India Limited is listed on the NSE under the symbol CUMMINSIND and belongs to the Capital Goods sector.
Company details
- Company name
- Cummins India Limited
- NSE symbol
- CUMMINSIND
- BSE scrip code
- 500480
- ISIN
- INE298A01020
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 29 Mar 1995
- Face value
- ₹2 per share
- Market lot
- 1 share
- Shares issued
- 27.72 crore
- Index
- NIFTY 500
- Sector (NSE)
- Capital Goods
- Industry
- Auto Parts: OEM
- Managing director / CEO
- Shveta Arya
- Chair
- Jennifer Bush
- Headquarters
- Pune, Maharashtra, India
- Registered address
- Cummins India Office Campus, Tower A, 5th Floor, Survey No. 21, Balewadi Pune, 411045, Maharashtra, India
- Founded
- 1962
- Employees
- 5,178
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- cumminsindia.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.