Cummins India Ltd
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]
- Market Cap ₹ 98,532 Cr.
- Current Price ₹ 3,555
- High / Low ₹ 4,172 / 1,731
- Stock P/E 50.5
- Book Value ₹ 251
- Dividend Yield 1.07 %
- ROCE 33.9 %
- ROE 27.2 %
- Face Value ₹ 2.00
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 14.1 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 100 Nifty 500 Nifty Midcap 100 BSE Allcap BSE 250 LargeMidCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 16% |
5 Years: | 45% |
3 Years: | 57% |
1 Year: | 103% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6h - Unaudited financial results for Q2 FY2024 announced.
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Appointment Of Additional Director (Non-Executive And Non-Independent)
7h - Appointment of Mr. Cornelius O'Sullivan as Additional Director.
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Announcement under Regulation 30 (LODR)-Change in Directorate
7h - Appointment of Mr. Cornelius O'Sullivan as Additional Director.
- Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2024 7h
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Board Meeting Outcome for Outcome Of Board Meeting
7h - Board approved financial results and director appointment.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2024TranscriptPPT
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Dec 2019TranscriptNotesPPT
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Oct 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Mar 2016TranscriptNotesPPT
Engines Business Division (~69% of revenues)[1]
The company's business division is divided into 4 main segments :-