Cummins India Ltd

Cummins India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Cummins India Ltd

₹ 3,282 -0.58%
21 Nov - close price
cumminsindia.com BSE: 500480 NSE: CUMMINSIND
About

Cummins India Ltd is a part of the Cummins Inc. Group USA. It designs, manufactures, distributes and services diesel and alternative fuel engines from 2.8 to 100 liters, diesel and alternative-fueled power generator sets of up to 3000 kW (3750 kVA), as well as related components and technology.[1]

Key Points

Engines Business Division (~69% of revenues)[1]
The company's business division is divided into 4 main segments :-

Website BSE NSE
  • Market Cap ₹ 91,058 Cr.
  • Current Price ₹ 3,282
  • High / Low ₹ 4,172 / 1,836
  • Stock P/E 48.2
  • Book Value ₹ 234
  • Dividend Yield 1.16 %
  • ROCE 35.2 %
  • ROE 28.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 18.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 60.9%

Cons

  • Stock is trading at 14.0 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engines

Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,727 1,735 1,494 1,687 1,951 2,181 1,926 2,209 1,900 2,534 2,316 2,304 2,492
1,468 1,464 1,287 1,473 1,661 1,768 1,600 1,868 1,561 1,996 1,772 1,837 2,011
Operating Profit 259 270 207 214 291 412 326 341 339 538 544 467 481
OPM % 15% 16% 14% 13% 15% 19% 17% 15% 18% 21% 24% 20% 19%
69 87 77 86 85 104 131 117 132 112 204 132 161
Interest 2 3 5 2 5 3 7 8 7 6 6 5 3
Depreciation 34 35 35 34 35 34 37 36 38 42 42 44 45
Profit before tax 293 320 244 264 336 479 413 415 426 602 701 551 594
Tax % 25% 25% 22% 25% 25% 25% 23% 24% 23% 24% 20% 24% 24%
220 241 189 199 252 360 318 316 329 455 562 420 451
EPS in Rs 7.93 8.69 6.82 7.17 9.10 12.99 11.49 11.39 11.85 16.41 20.26 15.14 16.26
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4,589 3,977 4,406 4,709 5,077 5,082 5,659 5,158 4,329 6,140 7,744 8,959 9,647
3,754 3,280 3,674 3,934 4,276 4,345 4,795 4,567 3,729 5,260 6,502 7,197 7,616
Operating Profit 835 697 732 775 802 738 864 590 600 880 1,243 1,761 2,031
OPM % 18% 18% 17% 16% 16% 15% 15% 11% 14% 14% 16% 20% 21%
268 178 287 226 208 279 293 308 349 425 406 566 610
Interest 5 4 1 10 17 15 16 20 16 12 16 27 20
Depreciation 47 53 80 81 85 94 110 119 126 134 140 158 173
Profit before tax 1,051 818 937 910 908 908 1,030 759 808 1,159 1,492 2,143 2,447
Tax % 27% 27% 16% 17% 19% 22% 30% 17% 24% 24% 24% 23%
764 600 786 754 735 708 723 629 618 887 1,130 1,661 1,887
EPS in Rs 27.57 21.65 28.35 27.21 26.50 25.56 26.07 22.70 22.29 31.99 40.76 59.91 68.07
Dividend Payout % 47% 60% 49% 51% 53% 59% 65% 62% 67% 58% 61% 63%
Compounded Sales Growth
10 Years: 8%
5 Years: 10%
3 Years: 27%
TTM: 17%
Compounded Profit Growth
10 Years: 11%
5 Years: 18%
3 Years: 37%
TTM: 43%
Stock Price CAGR
10 Years: 14%
5 Years: 42%
3 Years: 55%
1 Year: 78%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 23%
Last Year: 28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 55 55 55 55 55 55 55 55 55 55 55 55 55
Reserves 2,331 2,510 2,831 3,426 3,687 3,931 4,075 4,120 4,351 4,797 5,313 6,108 6,421
0 0 0 0 251 252 309 504 33 412 373 120 19
1,283 1,208 1,435 1,009 1,048 1,294 1,414 1,275 1,257 1,540 1,771 2,215 2,383
Total Liabilities 3,670 3,773 4,322 4,490 5,041 5,531 5,854 5,954 5,697 6,805 7,512 8,498 8,879
493 919 1,234 1,289 1,500 2,019 2,013 2,264 2,185 2,204 2,222 2,295 2,339
CWIP 121 96 171 519 463 38 159 80 128 61 41 97 65
Investments 628 495 465 334 707 549 285 824 369 615 1,085 1,215 1,203
2,428 2,262 2,452 2,348 2,370 2,925 3,397 2,786 3,015 3,925 4,164 4,891 5,271
Total Assets 3,670 3,773 4,322 4,490 5,041 5,531 5,854 5,954 5,697 6,805 7,512 8,498 8,879

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
529 361 498 692 746 634 550 599 788 707 811 1,280
-219 55 -56 -214 -482 -133 16 -202 25 -574 87 -247
-359 -426 -423 -468 -225 -473 -523 -411 -872 -77 -684 -1,133
Net Cash Flow -49 -9 19 10 39 29 43 -14 -60 56 214 -100

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68 72 78 73 69 95 82 80 91 74 75 85
Inventory Days 67 83 92 74 63 60 63 62 74 65 62 59
Days Payable 69 73 81 69 68 85 83 75 96 89 80 89
Cash Conversion Cycle 66 82 88 78 64 71 62 67 68 50 57 55
Working Capital Days 40 43 56 78 66 75 78 74 73 62 53 53
ROCE % 42% 33% 31% 29% 25% 21% 24% 17% 19% 21% 27% 35%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00%
12.54% 10.52% 10.35% 10.37% 12.20% 13.99% 14.37% 16.45% 16.51% 17.36% 17.95% 17.50%
23.76% 25.16% 25.05% 26.54% 24.99% 23.61% 23.76% 21.97% 23.36% 22.86% 22.24% 22.50%
0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.14% 0.14% 0.11%
12.50% 13.12% 13.40% 11.90% 11.61% 11.20% 10.67% 10.36% 8.93% 8.63% 8.66% 8.89%
No. of Shareholders 1,00,7391,11,1841,09,0671,19,0271,17,1861,22,4481,19,8831,28,9711,17,9051,20,0431,50,0971,64,943

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls