Cummins India (CUMMINSIND.NS) Stock Price
Cummins India Price
Cummins India (CUMMINSIND.NS) Stock | ISIN INE298A01020. The current Cummins India stock price is 5,723.5 INR (2026). Revenue is 122.92 B INR. Net income is 24.27 B INR. The P/E ratio is 65.37. Market capitalization is 1.59 T INR. Cummins India operates in the Industry sector.
Over the last 19 years Cummins India grew revenue by 9.7% annually, reaching 103.91 B INR. Earnings per share have grown at 13.4% per year over the last 19 years. For Cummins India, the net margin of 19.2% is up versus 14.6% a few years ago. At today's price the dividend yield works out to roughly 0.9%. The payout ratio is around 58% of earnings. The dividend has grown at 14.4% per year over the past 19 years.
Cummins India stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Cummins India over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Cummins India stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Cummins India's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Cummins India Price |
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Cummins India Revenue, EBIT, Net Income
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Cummins India Income Statement, Balance Sheet, Cash Flow Statement
| REVENUE (B INR) |
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| REVENUE GROWTH (%) |
| GROSS MARGIN (%) |
| GROSS INCOME (B INR) |
| NET INCOME (B INR) |
| NET INCOME GROWTH (%) |
| DIVIDEND (INR)DIV. (INR) |
| DIVIDEND GROWTH (%)DIV. GROWTH (%) |
| SHARES (M) |
| DOCUMENTS |
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|
| 43.6 | 61.71 | 77.72 | 90 | 103.91 | 122.92 | 142.9 | 165.4 |
| -16.01 | 41.53 | 25.95 | 15.8 | 15.45 | 18.3 | 16.26 | 15.74 |
| 34.72 | 31.64 | 31.19 | 34.23 | 34.69 | 29.33 | 25.22 | 21.79 |
| 15.14 | 19.52 | 24.24 | 30.81 | 36.05 | 36.05 | 36.05 | 36.05 |
| 6.35 | 9.34 | 12.28 | 17.21 | 20 | 24.27 | 27.85 | 31.85 |
| -10.01 | 47.04 | 31.53 | 40.09 | 16.24 | 21.36 | 14.76 | 14.35 |
| 15 | 18.5 | 45 | 62 | 76 | 20 | 58.89 | 66.96 |
| 7.14 | 23.33 | 143.24 | 37.78 | 22.58 | -73.68 | 194.45 | 13.7 |
| 277 | 277 | 277.2 | 277.2 | 277.2 | 277.2 | 277.2 | 277.2 |
| – | – | – | – | – | – | – | – |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Cummins India generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Cummins India retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Cummins India's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Cummins India has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Cummins India's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Cummins India stock margins
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Cummins India Stock Revenue, EBIT, Earnings per Share
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Cummins India business model & stock analysis
Cummins India SWOT Analysis
Strengths
Cummins India Ltd has several strengths that contribute to its success:
- Market leader in the domestic manufacturing and servicing of engines and related products.
- Strong brand reputation and recognition globally.
- Wide range of high-quality products catering to diverse industries.
- Strong distribution network ensuring availability of products and services.
- Robust research and development capabilities driving innovation.
- Skilled and experienced workforce ensuring operational excellence.
Weaknesses
Despite its strengths, Cummins India Ltd faces certain weaknesses that pose challenges:
- Dependence on the performance of the global economy.
- Highly competitive market with the presence of both domestic and international players.
- Significant costs associated with research and development activities.
- Dependency on external suppliers for raw materials and components.
- Vulnerable to fluctuations in currency exchange rates.
Opportunities
There are several opportunities that Cummins India Ltd can capitalize on:
- Increasing demand for clean and energy-efficient technologies.
- Growing infrastructure development projects in India.
- Expanding into emerging markets with rising industrial growth.
- Potential partnerships and collaborations with other industry leaders.
- Advancements in electric and hybrid vehicle technologies.
Threats
Cummins India Ltd should also be aware of the following threats in the market:
- Intense competition leading to price wars and margin pressure.
- Regulatory changes impacting the industry's operations.
- Increasing adoption of renewable energy sources affecting the demand for traditional engines.
- Economic slowdown or recession impacting overall industrial growth.
- Volatility in raw material prices affecting the company's cost structure.
Cummins India Eulerpool Fair Value
Cummins India historical P/E ratio, EBIT multiple, and P/S ratio
Cummins India annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Cummins India shares outstanding
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Cummins India Dividend History
32 years of dividend payments · 5 consecutive increases
Cummins India dividend history and estimates
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Cummins India dividend payout ratio
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Cummins India Earnings Estimates
Cummins India Earnings Estimates
| Date | EPS estimate | Revenue Estimate | Quarterly report |
|---|---|---|---|
| 5/22/2024 | 11.87INR | 23.08 BINR | 2024 Q4 |
| 2/6/2024 | 11.48INR | 22.13 BINR | 2024 Q3 |
EESG©
Eulerpool ESG Scorecard© for the Cummins India stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Cummins India shareholder structure
| % | Name |
|---|---|
51% | |
5.01833% | |
3.18009% | |
1.97454% | |
1.61277% | |
1.27562% | |
1.24843% | |
1.19579% | |
0.98899% | |
0.89723% |
Cummins India Executives and Management Board
Mr. Ajay Patil
Chief Financial Officer
Ms. Vinaya Joshi
Compliance Officer, Company Secretary
Mrs. Rama Bijapurkar
(67)Non-Executive Independent Director
Ms. Lira Goswami
(65)Non-Executive Independent Director
Ms. Rekha Anil
Non-Executive Independent Director
Frequently asked questions about Cummins India
Cummins India Ltd operates as a manufacturer of diesel and natural gas engines, power generation systems, and related products. The company's business model revolves around providing innovative technology solutions to customers across various sectors, including automotive, power generation, mining, and construction. With a focus on sustainability and efficiency, Cummins India aims to deliver high-performance engines and power solutions tailored to meet specific requirements. Through its strong R&D capabilities and global presence, Cummins India continues to deliver top-class products and services, establishing itself as a trusted name in the industry.
Cummins India stock
Cummins India Peer Group
Cummins India Ticker
Cummins India FIGI
All fundamentals and in-depth analysis of Cummins India
Our stock analysis for Cummins India Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Cummins India Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.