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Cummins India Limited (CUMMINSIND.NS)

INR5,549.50 +56.00 (+1.02%)
IN NSE Consumer Cyclical Auto - Parts
Address Cummins India Office Campus, Tower A & B, Survey No. 21, Balewadi 411045
Pune, MH, IN
CEO Shveta Arya
IPO 1992-02-19
ISIN INE298A01020

Explore sections of this company profile

Also trades on Bombay Stock Exchange · CUMMINSIND.BO (INR) National Stock Exchange of India · CUMMINSIND.NS (INR)
Description

Cummins India Ltd. engages in the manufacture, design, and distribution of diesel and alternative fuel engines. The firm also offers electronics, emission solutions, filtration, fuel systems, and turbo technologies. It operates through Engines and Lubes segments. The Engine segment consists of Cummins India Ltd. and other Group companies. The Lubes segment comprises of a joint venture including Valvoline Cummins Private Ltd. The company was founded in 1962 and is headquartered in Pune, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR5,549.50 +56.00 (+1.02%)
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Volume Profile
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Liquidity & share structure
Average Volume
564.6K
Beta
0.56
Float Shares
135.07M
Free Float %
48.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+12.01% +12.91% +15.42% +23.90% +35.49% +36.86% +103.92% +247.98% +667.21% +669.74% +12,971.29%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
5,549.50
DCF (Unlevered) 3,338.44 -39.8%
DCF (Levered) 3,226.92 -41.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 61% Bullish
Rating 2026-05 Change
Strong Buy 5 0
Buy 9 0
Hold 4 0
Sell 3 0
Strong Sell 2 0
Quality scores
Altman Z-Score
39.02
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Parts: +7.8%
    +16.9% Q1'26: +21.9% (vs Q1'25)
  • EPS growth Auto - Parts: +18.0%
    +18.1% Q1'26: +22.6% (vs Q1'25)
  • FCF margin FCF growth · Auto - Parts: +53.1%
    +9.5% Q1'26: +21.0% (vs Q1'25)
  • EBIT margin Auto - Parts: +7.5%
    +19.7% Q1'26: +19.6% (vs Q1'25)
  • ROIC Auto - Parts: +6.4%
    +40.0% Q1'26: +39.3% (vs Q1'25)
  • Share dilution Auto - Parts: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Auto - Parts: 0.27×
    0.02× Q1'26: 0.02× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.53) × ERP
WACC = 100% × Ke + 0% × Kd (34.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 4,132.95 Current price: 5,549.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
18 Rev. Ana.
17 EPS Ana.
Mar 2027
18 Rev. Ana.
17 EPS Ana.
Mar 2028
8 Rev. Ana.
11 EPS Ana.
Mar 2029
11 Rev. Ana.
14 EPS Ana.
Mar 2030
9 Rev. Ana.
7 EPS Ana.
Revenue
39.45B
est: 41.97B (-6.0%)
41.17B
est: 43.50B (-5.3%)
45.89B
est: 45.59B (+0.7%)
39.77B
est: 44.97B (-11.6%)
49.64B
est: 43.82B (+13.3%)
47.83B
est: 48.46B (-1.3%)
51.06B
est: 51.36B (-0.6%)
51.12B
est: 51.09B (+0.1%)
56.97B
est: 56.07B (+1.6%)
51.91B
est: 53.63B (-3.2%)
43.60B
est: 44.62B (-2.3%)
61.71B
est: 61.12B (+1.0%)
77.72B
est: 76.22B (+2.0%)
90.00B
est: 88.21B (+2.0%)
103.91B
est: 105.46B (-1.5%)
119.30B
117.76B – 121.98B
+13.1% YoY
138.89B
135.95B – 144.87B
+16.4% YoY
163.06B
159.61B – 170.08B
+17.4% YoY
176.05B
172.32B – 183.63B
+8.0% YoY
209.18B
204.74B – 218.19B
+18.8% YoY
EBITDA
8.41B
est: 10.64B (-21.0%)
8.69B
est: 9.23B (-5.8%)
8.36B
est: 10.18B (-17.9%)
6.97B
est: 12.28B (-43.3%)
8.61B
est: 9.96B (-13.6%)
8.35B
est: 12.81B (-34.8%)
8.83B
est: 10.87B (-18.8%)
8.39B
est: 10.63B (-21.1%)
10.04B
est: 11.61B (-13.5%)
7.53B
est: 13.08B (-42.4%)
7.67B
est: 9.50B (-19.3%)
10.29B
est: 11.59B (-11.2%)
14.14B
est: 12.75B (+10.9%)
19.57B
est: 12.81B (+52.7%)
22.85B
est: 30.27B (-24.5%)
33.94B
33.50B – 34.70B
+12.1% YoY
39.51B
38.67B – 41.21B
+16.4% YoY
46.39B
45.40B – 48.38B
+17.4% YoY
50.08B
49.02B – 52.24B
+8.0% YoY
59.51B
58.24B – 62.07B
+18.8% YoY
EBIT
8.04B
est: 7.39B (+8.9%)
8.27B
est: 6.50B (+27.3%)
7.89B
est: 6.87B (+14.8%)
6.44B
est: 7.77B (-17.1%)
7.77B
est: 6.56B (+18.5%)
7.56B
est: 7.86B (-3.7%)
8.00B
est: 7.36B (+8.8%)
7.48B
est: 7.22B (+3.6%)
8.97B
est: 7.90B (+13.5%)
6.39B
est: 8.45B (-24.3%)
6.46B
est: 4.90B (+31.8%)
9.06B
est: 5.97B (+51.7%)
12.86B
est: 6.57B (+95.7%)
18.13B
est: 6.61B (+174.5%)
21.18B
est: 29.81B (-28.9%)
33.42B
32.99B – 34.18B
+12.1% YoY
38.91B
38.09B – 40.59B
+16.4% YoY
45.68B
44.72B – 47.65B
+17.4% YoY
49.32B
48.28B – 51.45B
+8.0% YoY
58.61B
57.36B – 61.13B
+18.8% YoY
Net Income
5.91B
est: 6.67B (-11.4%)
5.91B
est: 6.13B (-3.5%)
7.64B
est: 6.20B (+23.3%)
6.00B
est: 7.54B (-20.4%)
7.86B
est: 6.11B (+28.7%)
7.33B
est: 8.32B (-11.9%)
7.36B
est: 7.65B (-3.7%)
7.12B
est: 7.39B (-3.7%)
7.43B
est: 7.74B (-4.1%)
7.06B
est: 7.16B (-1.5%)
6.35B
est: 5.85B (+8.5%)
9.34B
est: 7.13B (+30.9%)
12.28B
est: 7.85B (+56.5%)
17.21B
est: 7.89B (+118.1%)
20.00B
est: 19.50B (+2.6%)
23.21B
22.62B – 23.75B
+19.0% YoY
26.47B
24.97B – 27.98B
+14.0% YoY
31.02B
30.17B – 32.76B
+17.2% YoY
35.05B
34.08B – 37.01B
+13.0% YoY
41.50B
40.36B – 43.83B
+18.4% YoY
SGA
1.95B
est: 2.93B (-33.4%)
2.15B
est: 2.64B (-18.6%)
5.37B
est: 3.19B (+68.7%)
5.96B
est: 3.34B (+78.5%)
4.31B
est: 5.77B (-25.3%)
4.91B
est: 7.97B (-38.4%)
5.11B
est: 7.91B (-35.4%)
5.70B
est: 7.74B (-26.4%)
5.70B
est: 9.32B (-38.8%)
5.79B
est: 9.31B (-37.8%)
5.13B
est: 8.17B (-37.2%)
6.17B
est: 9.96B (-38.0%)
6.50B
est: 10.95B (-40.6%)
8.02B
est: 11.01B (-27.1%)
7.98B
est: 9.94B (-19.8%)
11.15B
11.00B – 11.40B
+12.1% YoY
12.98B
12.70B – 13.54B
+16.4% YoY
15.24B
14.92B – 15.89B
+17.4% YoY
16.45B
16.10B – 17.16B
+8.0% YoY
19.55B
19.13B – 20.39B
+18.8% YoY
EPS
21.32
est: 22.65 (-5.9%)
21.33
est: 19.99 (+6.7%)
27.57
est: 23.68 (+16.4%)
21.65
est: 22.75 (-4.8%)
27.85
est: 25.82 (+7.9%)
26.02
est: 28.61 (-9.0%)
26.56
est: 28.39 (-6.4%)
25.68
est: 24.98 (+2.8%)
26.79
est: 27.88 (-3.9%)
25.45
est: 24.24 (+5.0%)
22.91
est: 21.89 (+4.6%)
33.68
est: 29.93 (+12.5%)
44.31
est: 39.30 (+12.8%)
62.07
est: 53.64 (+15.7%)
72.16
est: 69.40 (+4.0%)
83.74
81.61 – 85.69
+20.7% YoY
95.51
90.09 – 100.96
+14.0% YoY
111.93
108.85 – 118.20
+17.2% YoY
126.45
122.97 – 133.53
+13.0% YoY
149.75
145.62 – 158.13
+18.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.93B
OE per share TTM
14.19
Owner's Yield
0.24%
Maintenance CapEx ratio
16.23%
Maint CapEx / Avg PPE
16.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 23 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Matthews India Active ETF INDE INDE 1.00% 177.4K 0.79%
2 Matthews Pacific Tiger Active ETF ASIA ASIA 0.48% 257.0K 0.79%
3 Vanguard Emerging Markets Ex-China ETF VEXC 0.11% 249.6K 0.07%
4 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.08% 4.55M 0.17%
5 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.08% 4.55M 0.17%
6 Schwab Emerging Markets Equity ETF SCHE 0.08% 9.59M 0.06%
7 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.07% 1.01M 0.48%
8 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.07% 2.28M 0.26%
9 Vanguard FTSE Emerging Markets ETF VWO 0.07% 112.48M 0.06%
10 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.07% 405.6K 0.40%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.58M
Shares Outstanding
277.20M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shveta Arya MD & Director 38M female
Anupama Kaul Human Resources Leader female
Ashish Aggarwal Chief Administrative Officer
Ashish Thakur Chief Information Officer
Sanjit Batra Vice President of Legal & Secretarial female
Shubhankar Chatterji Chief Supply Chain Officer
Soma Dilip Ghosh Chief Financial Officer female
Subramanian Chidambaran Director of Corporate Strategy & Chief of Staff
Amit S. Kumar Chief of Staff, Strategy and Head of Corporate Responsibility male
Vinaya Abhijit Joshi Company Secretary & Compliance Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits