Cummins India Ltd

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

Cummins India Ltd

₹ 3,307 -1.57%
24 Dec 9:01 a.m.
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 ₹ 91,660 Cr.
  • Current Price ₹ 3,307
  • High / Low ₹ 4,172 / 1,927
  • Stock P/E 47.0
  • Book Value ₹ 251
  • Dividend Yield 1.15 %
  • ROCE 33.9 %
  • ROE 27.2 %
  • 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 18.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 57.5%

Cons

  • Stock is trading at 13.4 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 Capital Goods BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,730 1,744 1,502 1,696 1,957 2,185 1,934 2,218 1,922 2,541 2,319 2,316 2,509
1,471 1,471 1,294 1,481 1,667 1,772 1,604 1,876 1,575 1,999 1,781 1,842 2,025
Operating Profit 259 273 208 215 290 413 330 342 346 543 539 473 484
OPM % 15% 16% 14% 13% 15% 19% 17% 15% 18% 21% 23% 20% 19%
71 94 103 84 102 157 159 155 128 153 186 171 157
Interest 2 3 5 2 5 3 7 8 7 6 6 5 3
Depreciation 34 35 35 34 36 35 38 36 38 42 42 44 45
Profit before tax 294 328 272 263 351 533 444 453 429 647 676 595 594
Tax % 25% 24% 20% 25% 24% 22% 21% 22% 23% 23% 20% 22% 24%
221 250 216 198 267 414 349 354 329 499 539 463 449
EPS in Rs 7.97 9.00 7.80 7.15 9.64 14.93 12.59 12.76 11.87 18.00 19.44 16.69 16.21
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,692 3,559 4,916 4,720 5,106 5,112 5,697 5,191 4,360 6,171 7,772 9,000 9,685
2,326 3,051 4,101 3,945 4,302 4,374 4,828 4,598 3,757 5,288 6,524 7,231 7,646
Operating Profit 366 508 815 775 805 738 869 593 603 883 1,248 1,770 2,038
OPM % 14% 14% 17% 16% 16% 14% 15% 11% 14% 14% 16% 20% 21%
114 163 208 116 141 298 328 356 366 472 502 622 668
Interest 3 3 2 10 17 15 17 21 17 12 16 27 20
Depreciation 38 48 86 81 85 94 111 121 127 136 142 159 174
Profit before tax 439 619 935 799 843 927 1,069 807 825 1,207 1,591 2,205 2,512
Tax % 32% 28% 19% 21% 22% 23% 31% 13% 23% 23% 23% 22%
325 463 772 721 736 712 743 706 635 934 1,228 1,721 1,950
EPS in Rs 11.72 16.70 27.85 26.02 26.56 25.68 26.79 25.45 22.91 33.68 44.31 62.07 70.34
Dividend Payout % 28% 38% 50% 54% 53% 58% 63% 55% 65% 55% 56% 61%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 27%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 38%
TTM: 35%
Stock Price CAGR
10 Years: 14%
5 Years: 43%
3 Years: 54%
1 Year: 67%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 22%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 40 40 55 55 55 55 55 55 55 55 55 55 55
Reserves 1,194 1,446 3,033 3,553 3,816 4,063 4,228 4,347 4,596 5,090 5,703 6,557 6,912
34 28 3 3 252 257 313 512 40 418 376 127 28
721 798 1,508 1,051 1,091 1,339 1,465 1,282 1,265 1,549 1,784 2,231 2,402
Total Liabilities 1,989 2,312 4,599 4,662 5,214 5,715 6,060 6,196 5,956 7,112 7,919 8,971 9,397
244 257 1,307 1,291 1,502 2,021 2,015 2,270 2,189 2,209 2,226 2,302 2,348
CWIP 31 58 171 519 463 39 159 80 128 61 41 97 65
Investments 487 442 536 489 862 708 468 1,038 599 892 1,457 1,642 1,664
1,228 1,555 2,585 2,364 2,387 2,947 3,418 2,809 3,041 3,951 4,194 4,930 5,320
Total Assets 1,989 2,312 4,599 4,662 5,214 5,715 6,060 6,196 5,956 7,112 7,919 8,971 9,397

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
279 233 589 696 748 632 553 601 789 712 820 1,285
-209 11 -146 -215 -483 -134 15 -202 25 -574 87 -248
-101 -223 -444 -471 -226 -470 -525 -412 -873 -82 -687 -1,134
Net Cash Flow -31 21 -1 10 39 28 43 -14 -60 56 219 -97

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 79 72 73 73 69 96 82 81 91 74 75 85
Inventory Days 76 76 89 75 63 61 64 62 75 66 63 60
Days Payable 103 86 79 69 68 85 83 75 97 89 80 89
Cash Conversion Cycle 51 63 83 79 65 71 63 68 69 51 58 56
Working Capital Days 63 70 54 79 67 75 79 75 74 63 53 53
ROCE % 37% 43% 24% 22% 21% 24% 18% 17% 21% 27% 34%

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

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