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As of 6 Nov 2026, Cummins India trades at 49.8× trailing earnings, above the industry P/E of 33.8×, and the shares are 34% below their 52-week high. Sales and net profit grew 16% and 24% a year over 3 years; its ROCE of 35% is the second-highest among the 7 largest Specialty Industrial Machinery peers. It carries very little debt, and its dividend yield is 1.6%. It is a large-cap company with a market cap of ₹1.1 lakh crore, ranked 4th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 6.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹4,050.90
Day high
₹4,059.00
Day low
₹3,902.10
Prev. close
₹4,058.90
Volume
29.8 L

Health check

3 good · 3 to check
  • ReturnsBehind

    −6.0% over a year, better than 1 of 7 peers.

  • Price tagPricier

    P/E 49.8 vs industry 33.8.

  • GrowthStrong

    Sales +16.1%, profit +24.3% a year over 3 years.

  • ProfitabilityStrong

    ROCE 35.0% vs peer median 21.8%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 7 of 9.

  • Red flags2 to check

    Quarterly profit down 18.5% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Industrial Machinery

137 listed peers. Screen the industry

Large cap

₹1.1L Cr, #4 of 138 in its industry by size.

Defensive

Beta 0.55 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹12,793 Cr · profit ₹2,252 Cr
Market cap
₹1.1L Cr
Large cap
P/E
49.8
Industry 33.8
Price to book
13.52
Peers 9.16
Dividend yield
1.63%
ROE
27.8%
Peers 17.0%
ROCE
35.0%
Peers 21.8%
Debt to equity
0.00
Debt ₹37 Cr
EPS (TTM)
₹81.24
Face value ₹2
OPM (TTM)
19.1%
Net margin 17.6%
Sales growth
+4.1%
Latest quarter vs a year ago
Profit growth
−18.5%
Latest quarter vs a year ago
Price to sales
8.77
EV/EBITDA 42.0

Strengths and risks

Strengths

  • Return on equity of 27.8%.
  • Return on capital employed of 35.0%.
  • Practically debt-free.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 18.5% on a year ago.
  • 34% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Cummins India

Cummins India Limited engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies in India, Nepal, and Bhutan. The company operates through two segments, Engines and Lubes. It provides accelera, G-drive, fire pump drive, hydrogen, and natural gas and browse engines; and generators and power systems, including integrated power systems, alternators, transfer switches, generator set controls, system…

Headquarters
Pune
Employees
3,088
Sector
Industrials
ISIN
INE298A01020
Website
cumminsindia.com

Price range

52 weeks

₹3,883.10₹6,100.00

Today

₹3,902.10₹4,059.00
Avg volume (3M)
5.7 L
1-year return
minus 6.0%
From 52-week high
minus 33.6%

Analyst consensus

22 analysts
BuyMean target ₹5,770.82 plus 42.5%

Target range, with today’s price

Low ₹3,500.00High ₹7,177.00

Next results expected around 3 Feb 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Specialty Industrial Machinery

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
BHELBharat Heavy Electricals418.80plus 0.17%1,45,82950.674.66.6%10.1%0.2213.5%plus 56.4%
ABBABB India6,774.00plus 2.20%1,43,54792.368.228.5%13.8%0.0215.4%plus 26.4%
SIEMENSSiemens3,560.00plus 3.73%1,26,77986.159.316.5%10.4%0.023.0%plus 10.0%
CUMMINSINDCummins India4,048.80minus 0.25%1,12,23349.841.735.0%19.1%0.0016.1%minus 6.0%
GVT&DGE Vernova T&D India4,018.00minus 3.06%1,02,87971.356.658.5%26.5%0.0131.1%plus 31.7%
SUZLONSuzlon Energy38.80plus 0.54%53,33723.717.324.8%16.7%0.0741.4%minus 35.7%
AIAENGAIA Engineering3,113.60minus 2.77%29,05623.519.619.9%27.4%0.00−3.4%minus 3.9%
JYOTICNCJyoti CNC Automation1,019.90minus 0.23%23,19575.245.621.8%24.4%0.4431.2%plus 8.7%
Median of 7 peers–0.17%1,02,87971.356.621.8%16.7%0.0215.4%10.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
2,8593,0062,9633,3753,247
2,2352,3722,3212,7592,741
624634642616506
21.8%21.1%21.7%18.3%15.6%
199173231227192
2.74.82.43.93
47.950.451.152.653.9
12.6−12732.3––
785626852787641
23.0%22.3%23.7%22.6%20.9%
604486649609507
21.7917.5323.4321.9818.30

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+16.1%
Profit CAGR 3Y
+24.3%
EPS CAGR 3Y
+24.3%
ROE
27.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,6418,86010,21911,950
–+15.9%+15.3%+16.9%
6,3927,0898,1409,354
1,2491,7712,0802,596
16.3%20.0%20.4%21.7%
470569662709
16.227.415.912.4
142159185199
30.851.251.7−8.1
1,5912,2052,5933,086
22.8%22.0%22.9%23.5%
1,2281,7212,0002,362
–+40.1%+16.2%+18.1%
44.3162.0772.1585.20

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
55.455.455.455.4
5,7036,5577,5068,420
37612729.736.5
1,7842,2312,5772,793
7,9198,97110,16811,304
1,2611,3401,4121,479
92144120112
12.213.9–2.7
2,4402,6913,4533,934
4,1134,7825,1845,776
7,9198,97110,16811,304

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8201,2851,6831,734
69.1−268−57915
−687−1,134−1,168−1,495
201−117−64.8254
−162−288−226−252
6589971,4571,483
−624−859−1,053−1,483

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 31.3% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you