Cummins India Ltd.

BSE: CUMMINSIND500480ISIN INE298A01020

Industrials
Compressors, Pumps & Diesel Engines
BSE 100

Share price

₹4,749.30+118.00 (+2.55%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹6,142.80
52W low: ₹3,883.30
Off 52W high: -22.69%
1M return: -1.63%
3M return: -12.18%
6M return: -10.79%
1Y return: +10.01%
20D avg volume: 25,945
50 DMA: ₹4,864.78
200 DMA: ₹5,027.03

Key ratios Consolidated

Market cap: ₹1,31,651 Cr
Current price: ₹4,749.30
52W high / low: ₹6,142.80 / ₹3,883.30
Face value: ₹2.00
P/E: 55.62
P/B: 15.53
EPS (TTM): ₹85.40
Book value / share: ₹305.74
ROE: —
ROCE: 31.90%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-500.01 Cr
Interest cover: 228.21
Dividend yield: 1.39%
Dividend / share (TTM): ₹66.00
Payout: 77.28%
Cash conversion cycle: 68.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	3,426	3,011	3,055	3,170	2,907	2,470	3,096	2,509	2,316	2,319	2,541	1,922
	137.34	144.71	115.98	122.77	133.88	126.49	111.39	105.31	103.73	99.90	99.39	89.80
	3,563	3,156	3,171	3,293	3,041	2,597	3,208	2,614	2,419	2,419	2,641	2,011
	2,866	2,423	2,476	2,527	2,334	1,997	2,551	2,072	1,892	1,829	2,048	1,620
	2,094	1,707	1,676	1,804	1,776	1,423	1,625	1,539	1,323	1,218	1,239	1,112
	214.95	198.35	200.27	196.82	214.24	177.90	182.23	158.79	181.32	275.94	231.61	133.59
	233.12	196.35	200.30	198.60	199.43	171.24	239.66	198.72	187.87	194.15	214.90	198.67
	3.90	2.43	4.78	2.55	2.65	5.29	3.02	2.58	4.96	6.30	6.45	6.82
	52.59	51.09	50.36	49.18	47.93	46.49	49.28	44.96	44.34	42.38	42.29	38.26
	297.68	246.65	321.63	264.55	252.26	230.84	241.88	221.59	223.99	103.53	194.16	168.38
	697.01	733.34	695.31	765.83	706.80	599.94	656.66	541.71	527.73	589.73	593.16	390.91
	0.00	32.34	-126.54	0.00	12.59	0.00	0.00	0.00	0.00	0.00	-1.70	0.00
	697.01	765.68	568.77	765.83	719.39	599.94	656.66	541.71	527.73	589.73	591.46	390.91
	177.54	202.27	139.46	201.70	180.77	160.81	155.13	144.47	132.46	137.40	147.85	99.59
	609.30	649.46	486.06	622.33	603.90	529.50	558.46	449.37	462.61	538.86	498.91	329.09
	21.98	23.43	17.53	22.45	21.79	19.10	20.15	16.21	16.69	19.44	18.00	11.87
Key metrics
	753.50	819.20	623.91	817.56	769.97	651.72	708.96	589.25	577.03	638.41	640.20	435.99
	22.00%	27.20%	20.40%	25.80%	26.50%	26.40%	22.90%	23.50%	24.90%	27.50%	25.20%	22.70%
	17.80%	21.60%	15.90%	19.60%	20.80%	21.40%	18.00%	17.90%	20.00%	23.20%	19.60%	17.10%
	—	8.70%	—	9.40%	—	7.60%	—	—	—	—	—	—
	17.90%	21.90%	-1.30%	26.40%	25.50%	6.50%	21.80%	30.60%	—	—	—	—
	0.90%	22.70%	-13.00%	38.50%	30.50%	-1.70%	11.90%	36.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	12,662	12,143	10,391	9,000	7,772	6,171	4,360	5,191	5,697	5,190
	520.80	517.34	446.92	378.07	308.15	243.19	273.78	257.49	235.07	161.31
	13,183	12,661	10,838	9,378	8,080	6,414	4,634	5,449	5,932	5,352
	10,292	9,759	8,512	7,417	6,683	5,431	3,922	4,744	4,956	4,567
	7,283	6,964	5,911	4,813	4,568	3,574	2,330	2,588	2,689	2,517
	810.39	809.68	700.24	939.16	781.23	571.45	454.54	747.18	971.09	706.62
	828.37	794.68	797.49	801.37	648.88	614.53	509.77	577.75	561.91	511.25
	13.66	12.41	15.85	27.40	16.24	12.16	16.76	21.02	16.77	15.19
	203.22	198.56	185.07	159.18	142.04	135.62	127.19	120.58	111.10	—
	1,131	1,085	918.30	658.25	652.95	561.17	504.64	652.73	646.44	603.28
	2,891	2,901	2,326	1,961	1,398	983.47	711.88	705.07	976.25	784.65
	-94.20	-81.61	0.00	-1.70	-14.30	132.36	0.00	-19.85	0.00	56.12
	2,797	2,820	2,326	1,959	1,383	1,116	711.88	685.22	976.25	840.77
	720.97	724.20	592.87	484.03	363.14	273.24	189.97	101.87	326.28	214.73
	2,367	2,362	2,000	1,721	1,228	933.74	635.03	705.61	742.61	711.82
	85.39	85.20	72.15	62.07	44.31	33.69	22.91	25.45	26.79	—
Key metrics
	3,014	3,031	2,527	2,146	1,542	1,264	855.83	826.82	1,104	855.96
	23.80%	25.00%	24.30%	23.80%	19.80%	20.50%	19.60%	15.90%	19.40%	16.50%
	18.69%	19.40%	19.20%	19.10%	15.80%	15.10%	14.60%	13.60%	13.00%	13.70%
	—	31.90%	29.50%	—	—	—	—	—	—	—
	15.30%	16.90%	15.40%	15.80%	25.90%	41.50%	-16.00%	-8.90%	9.80%	—
	10.55%	18.10%	16.20%	40.10%	31.50%	47.00%	-10.00%	-5.00%	4.30%	—
	—	1,483	1,447	—	—	—	—	—	—	—
	—	0.73	0.84	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-500.01	-234.99	—	—	—	—	—	—	—
	—	68.3	60.3	—	—	—	—	—	—	—
Balance sheet
	—	11,304	10,168	—	—	—	—	—	—	—
	—	8,107	6,921	—	—	—	—	—	—	—
	—	500.01	234.99	—	—	—	—	—	—	—
	—	2,754	2,278	—	—	—	—	—	—	—
	—	1,168	1,004	—	—	—	—	—	—	—
	—	194.59	129.92	—	—	—	—	—	—	—
	—	1,368	1,292	—	—	—	—	—	—	—
	—	1,650	1,567	—	—	—	—	—	—	—
	—	2,440	2,233	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	8,475	7,561	—	—	—	—	—	—	—
Cash flow
	—	1,734	1,685	—	—	—	—	—	—	—
	—	14.99	-581.72	—	—	—	—	—	—	—
	—	-1,495	-1,168	—	—	—	—	—	—	—
	—	251.71	238.04	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	3,426	3,011	3,055	3,170	2,907	2,457	3,086	2,492	2,304	2,316	2,534	1,900
	161.09	231.52	139.73	196.37	152.88	211.91	120.89	161.11	132.22	204.47	113.61	132.23
	3,587	3,243	3,195	3,367	3,060	2,669	3,207	2,653	2,436	2,521	2,648	2,032
	2,866	2,423	2,476	2,527	2,334	1,988	2,537	2,059	1,886	1,820	2,044	1,606
	2,094	1,707	1,676	1,804	1,776	1,433	1,637	1,550	1,332	1,227	1,249	1,120
	214.95	198.35	200.27	196.82	214.24	170.38	168.61	149.66	167.88	267.54	227.22	124.94
	233.12	196.35	200.30	198.60	199.43	166.79	233.24	192.34	181.63	188.87	209.04	192.92
	3.90	2.43	4.78	2.55	2.65	5.15	2.65	2.56	4.76	6.16	6.29	6.65
	52.59	51.09	50.36	49.18	47.93	45.74	48.07	45.21	43.88	42.03	41.90	37.89
	297.68	246.65	321.63	264.55	252.26	226.66	239.63	218.34	221.17	100.92	191.55	165.89
	720.76	820.15	719.06	839.43	725.80	680.69	670.16	594.38	550.91	700.55	603.35	426.29
	0.00	32.34	-126.54	0.00	44.15	0.00	—	—	—	—	-1.70	—
	720.76	852.49	592.52	839.43	769.95	680.69	670.16	594.38	550.91	700.55	601.65	426.29
	177.75	202.37	139.42	201.74	180.68	159.32	156.16	143.77	131.11	139.03	146.73	97.78
	543.01	650.12	453.10	637.69	589.27	521.37	514.00	450.61	419.80	561.52	454.92	328.51
	19.59	23.45	16.35	23.00	21.26	18.81	18.54	16.26	15.14	20.26	16.41	11.85
Key metrics
	777.25	906.01	647.66	891.16	820.53	731.58	720.88	642.15	599.55	748.74	649.84	470.83
	22.70%	30.10%	21.20%	28.10%	28.20%	29.80%	23.40%	25.80%	26.00%	32.30%	25.60%	24.80%
	15.80%	21.60%	14.80%	20.10%	20.30%	21.20%	16.70%	18.10%	18.20%	24.20%	18.00%	17.30%
	—	10.30%	—	11.00%	—	9.30%	—	—	—	—	—	—
	17.90%	22.60%	-1.00%	27.20%	26.20%	6.10%	21.80%	31.20%	—	—	—	—
	-7.90%	24.70%	-11.80%	41.50%	40.40%	-7.20%	13.00%	37.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	12,662	12,143	10,339	8,959	7,744	6,140	4,329	5,158	5,659	5,161
	728.71	720.50	626.13	567.79	419.99	287.50	370.15	331.54	292.77	228.47
	13,391	12,864	10,966	9,526	8,164	6,428	4,699	5,489	5,952	5,390
	10,292	9,759	8,469	7,382	6,658	5,401	3,891	4,710	4,921	4,537
	7,283	6,964	5,952	4,850	4,600	3,595	2,345	2,613	2,706	2,531
	810.39	809.68	656.53	906.91	749.35	548.38	434.66	721.86	946.87	686.73
	828.37	794.68	774.00	779.30	629.83	595.62	492.63	560.18	545.80	497.91
	13.66	12.41	15.12	26.78	15.78	11.50	16.17	20.25	16.20	14.83
	203.22	198.56	182.90	157.64	140.45	134.02	125.52	118.66	110.32	93.79
	1,131	1,085	905.80	647.87	641.06	552.88	496.52	643.42	635.64	594.04
	3,099	3,104	2,496	2,145	1,506	1,027	807.96	778.91	1,030	852.30
	-94.20	-50.05	0.00	-1.70	-14.30	132.36	—	-19.85	—	56.12
	3,005	3,054	2,496	2,143	1,492	1,159	807.96	759.06	1,030	908.42
	721.28	724.21	590.36	482.43	362.25	272.80	190.09	129.72	307.78	199.95
	2,284	2,330	1,906	1,661	1,130	886.65	617.87	629.34	722.57	708.47
	82.39	84.06	68.75	59.91	40.76	31.99	22.29	22.70	26.07	—
Key metrics
	3,222	3,265	2,694	2,327	1,648	1,305	949.65	897.97	1,157	1,017
	25.45%	26.90%	26.10%	26.00%	21.30%	21.30%	21.90%	17.40%	20.40%	19.70%
	18.04%	19.20%	18.40%	18.50%	14.60%	14.40%	14.30%	12.20%	12.80%	13.70%
	—	37.00%	34.10%	—	—	—	—	—	—	—
	15.72%	17.40%	15.40%	15.70%	26.10%	41.80%	-16.10%	-8.90%	9.60%	—
	10.06%	22.30%	14.80%	47.00%	27.40%	43.50%	-1.80%	-12.90%	2.00%	—
	—	1,483	1,451	—	—	—	—	—	—	—
	—	0.74	0.89	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-500.01	-234.99	—	—	—	—	—	—	—
	—	68.3	61.6	—	—	—	—	—	—	—
Balance sheet
	—	10,727	9,606	—	—	—	—	—	—	—
	—	8,107	6,954	—	—	—	—	—	—	—
	—	500.01	234.99	—	—	—	—	—	—	—
	—	2,754	2,292	—	—	—	—	—	—	—
	—	1,168	1,022	—	—	—	—	—	—	—
	—	194.59	129.92	—	—	—	—	—	—	—
	—	1,368	1,292	—	—	—	—	—	—	—
	—	1,650	1,568	—	—	—	—	—	—	—
	—	2,440	2,234	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	7,898	7,018	—	—	—	—	—	—	—
Cash flow
	—	1,734	1,689	—	—	—	—	—	—	—
	—	14.99	-581.34	—	—	—	—	—	—	—
	—	-1,495	-1,166	—	—	—	—	—	—	—
	—	251.71	237.54	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +16.18%
Sales CAGR 5Y: +22.91%
Profit CAGR 3Y: +27.29%
Profit CAGR 5Y: +30.41%
Sales YoY (TTM): +15.72%
Profit YoY (TTM): +10.06%

Consolidated

Sales CAGR 3Y: +16.04%
Sales CAGR 5Y: +22.73%
Profit CAGR 3Y: +24.35%
Profit CAGR 5Y: +30.04%
Sales YoY (TTM): +15.30%
Profit YoY (TTM): +10.55%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.00%

Quarter	September 2026	June 2026
Promoter %	51.00%	51.00%

Holder	Type	Holding	Previous	Change
Cummins Inc	Promoter	51.00%	51.00%	0.00%
ICICI Prudential Large Cap Fund	Public	3.39%	1.53%	+1.86%
NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Public	2.76%	—	—
HDFC Mutual Fund - HDFC Mid-Cap Fund	Public	2.04%	2.07%	-0.03%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund	Public	1.54%	1.47%	+0.07%
Nippon Life India Trustee Ltd- A/C Nippon India Growth Mid Cap Fund	Public	1.10%	—	—
SBI MNC Fund	Public	1.01%	—	—
Life Insurance Corporation Of India	Public	1.00%	1.20%	-0.20%
Office Bearers	Public	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Cummins India Ltd.	1,31,651	4,749.30	55.62	31.90%	+15.30% TTM	+10.55% TTM	+10.01%
Kirloskar Oil Engines Limited	26,263	1,804.20	49.11	18.40%	+22.66% TTM	+16.65% TTM	+77.77%
Elgi Equipments Ltd.	17,864	563.70	39.88	25.40%	+15.94% TTM	+23.42% TTM	+16.97%
Kirloskar Brothers Ltd.	13,607	1,713.55	35.83	17.90%	+10.85% TTM	-4.09% TTM	-7.92%
Ingersoll-Rand (India) Ltd. S	12,803	4,055.80	47.86	54.90%	+8.28% TTM	+1.08% TTM	+6.66%
KSB LIMITED	11,480	659.60	48.11	—	+7.98% TTM	-9.14% TTM	-14.68%
Kirloskar Pneumatic Co.Ltd.	7,453	573.50	28.84	26.40%	+9.10% TTM	+38.95% TTM	+4.18%
Greaves Cotton Ltd.	4,788	205.55	-308.33	7.20%	+28.44% TTM	-143.89% TTM	-7.05%
Shakti Pumps (India) Ltd.	4,442	359.95	27.74	22.80%	+15.77% TTM	-60.15% TTM	-55.50%
Swaraj Engines Ltd. S	4,311	3,548.10	20.26	52.80%	+25.44% TTM	+20.19% TTM	-10.02%
Oswal Pumps Limited	2,466	216.30	7.34	29.80%	—	—	-69.42%
Yuken India Ltd.	1,502	1,105.60	96.59	7.80%	+8.91% TTM	-33.60% TTM	+16.33%
Roto Pumps Ltd.	1,167	61.91	42.11	15.80%	-3.87% TTM	-19.32% TTM	-9.77%

Filings & corporate actions

Recent announcements

Press Release dated November 4, 2026.4 Nov 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results for quarter and half year ended September 30, 2026.4 Nov 2026 · Result / Financial Results
Outcome of the Board meeting dated November 04, 20264 Nov 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed intimation regarding schedule of investors and analysts results conference call for the quarter and half-year ended September 30, 2026.28 Oct 2026 · Company Update / Analyst / Investor Meet
Intimation as attached.28 Oct 2026 · Company Update / General
Please find enclosed copy of newspaper publication regarding intimation to shareholders for proposed Postal Ballot.27 Oct 2026 · Company Update / Newspaper Publication
Scrutinizer''s Report of Postal Ballot along with Voting Results.16 Oct 2026 · AGM/EGM / Postal Ballot
Scrutinizer''s Report of Postal Ballot along with Voting Results.16 Oct 2026 · AGM/EGM / Postal Ballot
Copy of newspaper publication regarding opening of special window for transfer and dematerialization of physical securities.16 Oct 2026 · Company Update / Newspaper Publication
Please find enclosed proceedings of Postal Ballot.15 Oct 2026 · AGM/EGM / Postal Ballot
Appointment of Managing Director and Key Managerial Personnel of the Company.8 Oct 2026 · Company Update / Change in Directorate
Outcome of the Board meeting of the Company held on October 8, 2026.8 Oct 2026 · Others / Outcome without intimation
Please find enclosed certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation as attached29 Sep 2026 · Company Update / General
Intimation regarding closure of trading window for the quarter and half year ending September 30, 2026.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Cummins India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve unaudited financial results of ....28 Sep 2026 · Board Meeting / Board Meeting
Please find enclosed intimation to shareholders regarding withholding of Final Dividend for FY 2025-26 for KYC non-compliant folios17 Sep 2026 · Company Update / General
Newspaper publication of Notice of Postal Ballot and E-voting information.16 Sep 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot15 Sep 2026 · AGM/EGM / Postal Ballot
Press Release dated September 15, 2026.15 Sep 2026 · Company Update / Press Release / Media Release
Press Release dated September 9, 2026.9 Sep 2026 · Company Update / Press Release / Media Release
Newspaper publication for proposed postal ballot.3 Sep 2026 · Company Update / Newspaper Publication
Appointment of Senior Management Personnel of the Company.2 Sep 2026 · Company Update / Change in Management
Resignation of Senior Management Personnel of the Company.20 Aug 2026 · Company Update / Change in Management
Schedule of Analyst Call / Investor Meet.18 Aug 2026 · Company Update / Analyst / Investor Meet
Schedule of Investor Meet / Analyst call13 Aug 2026 · Company Update / Analyst / Investor Meet
Please find enclosed newspaper publication regarding special window for transfer and dematerialization of physical securities.13 Aug 2026 · Company Update / Newspaper Publication
Transcript of Q1 FY 2026-27 results Conference call held on August 06, 2026.11 Aug 2026 · Company Update / Earnings Call Transcript
Scrutinizer Report of 65th Annual General Meeting of the Company along with Voting Results.7 Aug 2026 · AGM/EGM / AGM
Voting Results of 65th Annual General Meeting of the Company along with Scrutinizer Report.7 Aug 2026 · AGM/EGM / AGM
Copies of Newspaper Publication regarding unaudited Financial results of the Company for quarter ended June 30, 2026.7 Aug 2026 · Company Update / Newspaper Publication
Audio recording of earnings call held on August 6, 2026.6 Aug 2026 · Company Update / Analyst / Investor Meet
Proceeding of 65th Annual General Meeting (AGM) of the Company.6 Aug 2026 · AGM/EGM / AGM
Presentation given by Managing Director of the Company at the 65th Annual General Meeting (AGM) of the Company.6 Aug 2026 · Company Update / General
Intimation regarding Investor Presentation5 Aug 2026 · Company Update / Investor Presentation
Intimation for Press Release5 Aug 2026 · Company Update / Press Release / Media Release
Announcement for resignation of Managing Director of the Company.5 Aug 2026 · Company Update / Change in Management
Announcement of resignation of Managing Director of the Company.5 Aug 2026 · Company Update / Resignation of Managing Director
Unaudited Financial Results for quarter ended June 30, 2026.5 Aug 2026 · Result / Financial Results
Outcome of the Board meeting dated August 05, 20265 Aug 2026 · Board Meeting / Outcome of Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 46.0000	17 Jul 2026	17 Jul 2026	—
Interim Dividend - Rs. - 20.0000	11 Feb 2026	11 Feb 2026	—
Final Dividend - Rs. - 33.5000	18 Jul 2025	18 Jul 2025	—
Interim Dividend - Rs. - 18.0000	14 Feb 2025	14 Feb 2025	—
Final Dividend - Rs. - 20.0000	19 Jul 2024	19 Jul 2024	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
5 Aug 2026 Board Meeting - Financial Results