Cummins India Ltd

NSE: CUMMINSIND · Compressors, Pumps & Diesel Engines · sector

₹4,385.50NSE close 2026-10-26

Key numbers

Market cap₹1,21,566 cr

Price₹4,385.50

52w high / low₹6,100 / ₹3,883

P/E51.4xSector median 42.4x

P/B14.3xSector median 6.2x

Book value₹305.7

Dividend yield1.21%Sector median 0.45%

ROE29.5%Sector median 16.4%

ROCE33.2%Sector median 18.6%

OPM19.7%Sector median 14.2%

Debt / equity0.00xSector median 0.08x

EV/EBITDA47.2xSector median 22.3x

Interest cover205.8x

Current ratio3.32x

Sales growth 3y+16.0%Sector median +9.1%

Profit growth 3y+24.4%Sector median +14.8%

PEG2.11x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Compressors, Pumps & Diesel Engines (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹3,922 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Operating profit covered interest 205.8x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 22% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹4,385.50 on 2026-10-26: -28.1% from the 52-week high, +12.9% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹5,735.50 · low ₹2,734.80

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2,509	3,096	2,470	2,907	3,170	3,055	3,011	3,426
EBITDA	484	598	525	636	695	508	674	616
OPM %	19.3%	19.3%	21.3%	21.9%	21.9%	16.6%	22.4%	18.0%
Other income	105	111	126	134	123	116	145	137
Net profit	449	558	530	604	622	486	649	609
EPS (₹)	16.21	20.15	19.10	21.79	22.45	17.53	23.43	21.98
Revenue YoY					+26.4%	-1.3%	+21.9%	+17.9%
Profit YoY					+38.5%	-13.0%	+22.7%	+0.9%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	6,171	7,772	9,000	10,391	12,143	12,662
EBITDA	888	1,233	1,768	2,080	2,513	2,493
Net profit	934	1,228	1,721	2,000	2,362	2,367
EPS (₹)	33.69	44.31	62.07	72.15	85.20	85.39
Revenue growth		+25.9%	+15.8%	+15.4%	+16.9%	+15.3%
Profit growth		+31.5%	+40.1%	+16.2%	+18.1%	+10.6%
Dividend / share (₹)	16.00	22.50	31.00	38.00	53.50

Compounded growth	3 years	5 years	Last 12 months
Sales	+16.0%	+22.7%	+15.3%
Net profit	+24.4%	+30.0%	+10.6%
EPS	+24.4%	+30.0%	–
Share price	–	+11.4% (2y)	+11.0%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	5,758	6,612	7,561	8,475
Borrowings	–	350	100	0	0
Cash & equivalents	–	2,434	2,691	3,442	3,922
Total assets	–	7,919	8,971	10,168	11,304
Fixed assets	–	1,169	1,195	1,292	1,368
Capital work in progress	–	41	95	78	77
Investments	–	0	0	0	3
Receivables	–	1,597	2,085	2,278	2,754
Inventory	–	904	950	1,004	1,168
Payables	–	1,154	1,409	1,567	1,650

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	712	820	1,285	1,685	1,734
Cash from investing	-586	69	-268	-582	15
Cash from financing	-82	-687	-1,134	-1,168	-1,495
Capex	200	162	288	238	252
Free cash flow	512	657	997	1,447	1,483

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	21.3%	26.0%	26.4%	27.9%
ROCE %	–	22.9%	29.6%	31.0%	33.4%
Debtor days	–	75	85	80	83
Inventory days	–	63	60	56	56
Payable days	–	81	89	87	79
Cash conversion cycle (days)	–	57	56	49	60
Working capital days	–	151	157	165	170

Shareholding

Holder	% (2026-09-30)
Promoters	51.00%
FIIs	19.48%
DIIs	20.82%
of which Mutual funds	14.33%
of which Insurance	3.34%
Government	0.00%
Public (non-institutions)	8.70%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	51.00%	51.00%	51.00%	51.00%	51.00%	51.00%	51.00%	51.00%

Promoter group	%
Cummins Inc	51.00%

Public holders above 1%	%
ICICI Prudential Large Cap Fund	3.39%
NPS Trust- A/C SBI Pension Fund Scheme - State Govt	2.76%
HDFC Mutual Fund - HDFC Mid-Cap Fund	2.04%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund	1.54%
Nippon Life India Trustee Ltd- A/C Nippon India Growth Mid Cap Fund	1.10%
SBI MNC Fund	1.01%
Life Insurance Corporation Of India	1.00%

1,66,036 shareholders. Pledged: 0.00% of promoter shares.

Peers in Compressors, Pumps & Diesel Engines

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
CUMMINSIND	₹1,21,566 cr	51.4x	14.3x	29.5%	33.2%	19.7%	+16.0%	1.21%
KIRLOSENG	₹26,454 cr	48.4x	7.3x	16.1%	13.7%	17.1%	+15.3%	0.36%
ELGIEQUIP	₹16,486 cr	36.6x	7.4x	21.9%	23.4%	14.2%	+9.1%	0.42%
KIRLOSBROS	₹12,421 cr	33.2x	5.0x	16.4%	18.1%	10.9%	+6.8%	0.45%
INGERRAND	₹11,850 cr	44.3x	19.2x	43.7%	58.5%	23.2%	+6.6%	2.13%
KSB	₹11,534 cr	47.0x	6.8x	15.2%	18.6%	11.8%	–	–
KIRLPNU	₹7,710 cr	29.4x	6.2x	22.4%	27.9%	19.6%	+13.0%	0.84%
SHAKTIPUMP	₹4,529 cr	21.3x	2.7x	14.8%	16.6%	12.3%	+40.7%	0.27%
GREAVESCOT	₹4,247 cr	42.4x	3.0x	7.0%	7.5%	5.5%	+8.4%	1.10%
SWARAJENG	₹4,170 cr	19.6x	8.8x	49.3%	60.7%	13.2%	+12.2%	3.04%

All 13 companies in Compressors, Pumps & Diesel Engines →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Engines	₹11,950 cr	79.9%	₹2,973 cr	24.9%
Lubes	₹3,009 cr	20.1%	₹113 cr	3.7%

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-17	Dividend	Dividend - Rs 46 Per Share
2026-02-11	Dividend	Interim Dividend - Rs 20 Per Share
2025-07-18	Dividend	Dividend - Rs 33.50 Per Share
2025-02-14	Dividend	Interim Dividend - Rs 18 Per Share
2024-07-19	Dividend	Annual General Meeting/Dividend - Rs 20 Per Share
2024-02-21	Dividend	Interim Dividend - Rs 18 Per Share
2023-07-26	Dividend	Annual General Meeting/Dividend - Rs 13 Per Share
2023-02-21	Dividend	Interim Dividend - Rs 12 Per Share
2022-08-02	Dividend	Annual General Meeting/Dividend - Rs 10.5 Per Sh
2022-02-21	Dividend	Interim Dividend - Rs 8 Per Share
2021-08-04	Dividend	Annual General Meeting/Dividend - Rs 8 Per Share
2021-02-09	Dividend	Interim Dividend - Rs 7 Per Share
2020-08-17	Dividend	Annual General Meeting/Dividend - Rs 7 Per Share
2020-02-07	Dividend	Interim Dividend - Rs 7 Per Share
2019-07-31	Dividend	Annual General Meeting/Dividend Rs 10 Per Share
2019-02-15	Dividend	Interim Dividend - Rs 7 Per Share
2018-08-02	Dividend	Annual General Meeting/Dividend- Rs 10 Per Share
2018-02-15	Dividend	Interim Dividend Rs 5/- Per Share
2017-07-27	Dividend	Annual General Meeting/Dividend - Rs 9/- Per Share
2017-02-09	Dividend	Interim Dividend Rs 5/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Electrical equipment, General purpose and Special purpose machinery and equipment, Transport equipment


Sector	Industrials
Industry	Compressors, Pumps & Diesel Engines
Sub-industry	Compressors, Pumps & Diesel Engines
Symbol	CUMMINSIND
BSE code	500480
ISIN	INE298A01020
Face value	₹2.0
Incorporated	1962-02-17
Website	www.cumminsindia.com
Plants (India / abroad)	5 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.