Cummins India Limited

Capital Goods · Industrial Products

NSE: CUMMINSIND BSE: 500480

₹4760.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #1 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited (this stock)	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹131,447 Cr

EV / EBITDA

40.8x

EV / Sales

10.38x

Market cap / Sales

10.42x

Earnings yield

1.73%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 3,587 Cr, up 17.2% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 543 Cr, down 7.9% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	3,426	721	543	₹19.5900
March 31, 2026	3,011	852	650	₹23.4500
Dec. 31, 2025	3,055	593	453	₹16.3500
Sept. 30, 2025	3,170	839	638	₹23.0000
June 30, 2025	2,907	770	589	₹21.2600
March 31, 2025	2,457	681	521	₹18.8100
Dec. 31, 2024	3,086	670	514	₹18.5400
Sept. 30, 2024	2,492	594	451	₹16.2600
June 30, 2024	2,304	551	420	₹15.1400
March 31, 2024	2,316	701	562	₹20.2600
Dec. 31, 2023	2,534	602	455	₹16.4100
Sept. 30, 2023	1,900	426	329	₹11.8500
June 30, 2023	2,209	415	316	₹11.3900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	3,587	3,243	3,195	3,367	3,060	2,669	3,207	2,653	2,436	2,521	2,648	2,032	2,326
Operating revenue	3,426	3,011	3,055	3,170	2,907	2,457	3,086	2,492	2,304	2,316	2,534	1,900	2,209
Other income	161	232	140	196	153	212	121	161	132	204	114	132	117
Operating expenses	2,810	2,369	2,420	2,475	2,283	1,937	2,486	2,011	1,837	1,772	1,996	1,561	1,868
Operating profit	616	642	634	695	624	520	600	481	467	544	538	339	341
Operating profit margin	18.0%	21.3%	20.8%	21.9%	21.4%	21.2%	19.4%	19.3%	20.3%	23.5%	21.2%	17.8%	15.4%
Depreciation	53	51	50	49	48	46	48	45	44	42	42	38	36
Interest	4	2	5	3	3	5	3	3	5	6	6	7	8
Exceptional items, gain / (loss)	—	32	-127	—	44	—	—	—	—	—	-2	—	—
Profit before tax	721	852	593	839	770	681	670	594	551	701	602	426	415
Tax	178	202	139	202	181	159	156	144	131	139	147	98	99
Net profit	543	650	453	638	589	521	514	451	420	562	455	329	316
EPS	19.59	23.45	16.35	23.00	21.26	18.81	18.54	16.26	15.14	20.26	16.41	11.85	11.39
Net profit (TTM)	2,284	2,330	2,201	2,262	2,075	1,906	1,946	1,887	1,765	1,661	1,418	1,323	1,247
EPS (TTM)	82.39	84.06	79.42	81.61	74.87	68.75	70.20	68.07	63.66	59.91	51.14	47.72	44.97

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	12,143	3,054	2,330
March 31, 2025	10,339	2,496	1,906
March 31, 2024	8,959	2,143	1,661
March 31, 2023	7,744	1,492	1,130

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	16.4%	22.3%	12,864^†	10,966^†	9,526^†	8,164^†	6,428^†	4,699^†	5,489^†	5,952^†	5,390^†	5,548^†
Operating revenue	16.2%	22.9%	12,143	10,339	8,959	7,744	6,140^†	4,329^†	5,158^†	5,659^†	5,161^†	5,340^†
Other income	—	—	720^†	626^†	568^†	420^†	288^†	370^†	332^†	293^†	228^†	208^†
Operating expenses	—	—	9,548^†	8,271^†	7,197^†	6,502^†	5,255^†	3,750^†	4,571^†	4,795^†	4,429^†	4,526^†
Operating profit	27.8%	35.0%	2,595^†	2,068^†	1,761^†	1,243^†	885^†	580^†	586^†	864^†	732^†	814^†
Operating profit margin	—	—	21.4%^†	20.0%^†	19.7%^†	16.0%^†	14.4%^†	13.4%^†	11.4%^†	15.3%^†	14.2%^†	15.2%^†
Depreciation	—	—	199^†	183^†	158^†	140^†	134^†	126^†	119^†	110^†	94^†	85^†
Interest	—	—	12^†	15^†	27^†	16^†	12^†	16^†	20^†	16^†	15^†	17^†
Exceptional items, gain / (loss)	—	—	-50^†	0^†	-2^†	-14^†	132^†	0^†	-20^†	0^†	56^†	0^†
Profit before tax	27.0%	30.5%	3,054	2,496	2,143	1,492	1,159^†	808^†	759^†	1,030^†	908^†	908^†
Tax	—	—	724^†	590^†	482^†	362^†	273^†	190^†	130^†	308^†	200^†	174^†
Net profit	27.3%	30.4%	2,330	1,906	1,661	1,130	887^†	618^†	629^†	723^†	708^†	735^†
EPS	27.3%	30.4%	84.06^†	68.75^†	59.91^†	40.75^†	31.98^†	22.29^†	22.71^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	21.4%^†	20.0%^†	19.7%^†	16.0%^†	14.4%^†	13.4%^†	11.4%^†	15.3%^†	14.2%^†	15.2%^†
EBIT margin	25.3%^†	24.3%^†	24.2%^†	19.5%^†	19.1%^†	19.0%^†	15.1%^†	18.5%^†	17.9%^†	17.3%^†
PBT margin	25.2%	24.1%	23.9%	19.3%	18.9%^†	18.7%^†	14.7%^†	18.2%^†	17.6%^†	17.0%^†
Net margin	19.2%	18.4%	18.5%	14.6%	14.4%^†	14.3%^†	12.2%^†	12.8%^†	13.7%^†	13.8%^†
Interest coverage	247.12x^†	166.09x^†	81.02x^†	95.55x^†	101.82x^†	50.97x^†	38.48x^†	64.60x^†	62.26x^†	55.13x^†
Dividend payout	63.6%^†	55.3%^†	51.7%^†	55.2%^†	50.0%^†	62.8%^†	74.9%^†	—	—	—
Earnings retention	36.4%^†	44.7%^†	48.3%^†	44.8%^†	50.0%^†	37.2%^†	25.1%^†	—	—	—
Current ratio	3.32x	3.11x	—	—	—	—	—	—	—	—
Quick ratio	2.84x	2.66x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—	—	—	—
Return on equity	29.5%	27.2%	—	—	—	—	—	—	—	—
Return on assets	21.7%	19.8%	—	—	—	—	—	—	—	—
Return on capital employed	37.0%^†	34.1%^†	—	—	—	—	—	—	—	—
Asset turnover	1.13x	1.08x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	1,734	15	-1,495	252	1,483
March 31, 2025	1,689	-581	-1,166	238	1,451
March 31, 2024	1,280	-267	-1,133	285	995
March 31, 2023	811	69	-684	162	649
March 31, 2022	707	-586	-77	152	555

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	10,727	7,898	7,842	0	0	8,107	2,440	500	1,368	1,168
March 31, 2025	9,606	7,018	6,963	0	0	6,954	2,234	235	1,292	1,022
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.