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Street Verdict

Analyst Scorecard

CUMMINSIND · NSE

Cummins India Limited

₹5,099.5

+1.58% (+₹79.5)

Prev. close

₹5,020

Volume

5,02,366

Delivery %

73.6%

As of

18 Sept 2026

Price history

Bullish

Amol Athawale · Kotak Securities · 10 Sept 2026

“Bullish on Cummins India for the next few trading sessions, targeting ₹5,540 with a stop loss at ₹4,990. The stock rebounded from its support zone and broke out from a sloping channel formation on daily charts, suggesting a new leg of bullish trend. Sustaining above ₹4,990 is crucial for further uptrend.”

Entry ≈ ₹5,099 (first trade after call)Target ₹5,540 (+8.6%)Stop ₹4,990 (-2.1%)R:R ~4.0:1Stopped out · 15 Sept 2026

Published mid-session at 13:46 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.

Target ₹5,540PENDINGCall pageClear
Loading 15-min bars since the call…
Amol Athawale's call · 10 Sept 2026

Analyst sentiment

Analysts lean bullish

2 analyst stances · last 90 days · one per analyst

Trackable

1 · 1 bull / 0 neutral / 0 bear

Long-Horizon

1 · 1 bull / 0 neutral / 0 bear

Commentary

none in window

Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded

Bullish 100% (2)Neutral 0% (0)Bearish 0% (0)
Explore by date range →

Analyst opinions

CallAnalystInstrumentVerdictActions
“Bullish on Cummins India for the next few trading sessions, targeting ₹5,540 with a stop loss at ₹4,990. The stock rebou…”Amol AthawaleKotak SecuritiesCummins IndiaPENDING
“Bullish on Cummins India for the next few trading sessions, targeting ₹5,540 with a stop loss at ₹4,990. The stock rebounded from its support zone and broke out from a sloping channel formation on daily charts, suggesting a new leg of bullish trend. Sustaining above ₹4,990 is crucial for further uptrend.”
Trade setupTarget ₹5,540Track opinion →

This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded.

Read the original article

Long-Horizon calls · 1yr+ horizon · verdict pending

CallAnalystInstrumentVerdictActions

Fundamentals

About Cummins India Limited

Cummins India Limited engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies in India, Nepal, and Bhutan. The company operates through two segments, Engines and Lubes. It provides accelera, G-drive, fire pump drive, hydrogen, and natural gas and browse engines; and generators and power systems, including integrated power systems, alternators, transfer switches, generator set controls, system level controls and switchgears, remote monitoring, and browse generators. The company also offers engine components, such as fuel systems, turbochargers, and engine braking and valvetrain technologies; and aftertreatment emission solutions, as well as operates component care centers. In addition, it offers drivetrain and braking systems comprising axles, brakes, carriers, drivelines, gearboxes and power take-offs, tire inflation system, precision forged gears, suspensions, transfer cases, trailer solutions, and transmissions; parts and sales and services; software and electronic products; and digital products. The company serves Data Centers, Healthcare, Hospitality, Infrastructure, Realty, Manufacturing, and water treatment industries, as well as end users, original equipment manufacturers, channel partners, dealers, and retailers. It exports to the United States, Europe, Mexico, Africa, the Middle East, and China. The company was incorporated in 1962 and is headquartered in Pune, India. Cummins India Limited is a subsidiary of Cummins Inc.

Details

Sector

Industrials

Industry

Specialty Industrial Machinery

CEO

Ms. Shveta Arya

Headquarters

Pune

Employees

3,088

Key stats

Market cap

₹1.39 L Cr

P/E ratio (TTM)

57.8

Dividend yield

1.34%

EPS (TTM)

₹86.85

Beta (1Y · daily vs NIFTY 50)

0.93

Beta (5Y · monthly vs NIFTY 50)

1.15

Shares float

13.51 Cr

EPS · quarter ended Jun 2026

₹21.98

Upcoming earnings

05 Nov 2026

Financial Performance

01 · Financials

0 Cr5000 Cr10000 Cr15000 Cr₹-25%0%25%50%FY21FY22FY23FY24FY25FY26
RevenueNet incomeEBITDARevenue growth YoY

Revenue for Mar 2021–Mar 2026 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2021. FY21 growth needs FY20 filings, which the data source doesn't provide.

02 · Earnings Per Share (EPS)

0255075100₹FY21FY22FY23FY24FY25FY26

03 · Dividend Profile

0204060₹-25%0%25%50%07 Feb 2017 Aug 2009 Feb 2104 Aug 2121 Feb 2202 Aug 2221 Feb 2326 Jul 2321 Feb 2419 Jul 2414 Feb 2518 Jul 2511 Feb 2617 Jul 26
Dividend (₹/share)Annualised yieldAnnual dividend growth (FY)

Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-25%0%25%50%FY21FY22FY23FY24FY25FY26
SalesFixed assetsReceivables (trade + unbilled)Inventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr5000 Cr10000 Cr15000 Cr₹0×0.5×1×1.5×FY21FY22FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr5000 Cr10000 Cr15000 Cr₹FY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

0 Cr500 Cr1000 Cr1500 Cr₹FY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹4,360.08 Cr₹6,170.92 Cr₹7,772.09 Cr₹9,000.20 Cr₹10,390.69 Cr₹12,143.19 Cr
EBITDA₹855.83 Cr₹1,131.25 Cr₹1,749.57 Cr₹2,391.19 Cr₹2,794.51 Cr₹3,298.51 Cr
₹635.03 Cr₹934.00 Cr₹1,228.15 Cr₹1,720.58 Cr₹1,999.94 Cr₹2,361.75 Cr
Diluted EPS₹22.91₹33.69₹44.31₹62.07₹72.15₹85.2

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹5,956.21 Cr₹7,111.99 Cr₹7,918.64 Cr₹8,971.00 Cr₹10,168.00 Cr₹11,304.00 Cr
₹39.71 Cr₹417.53 Cr₹376.09 Cr₹126.98 Cr₹29.66 Cr₹36.51 Cr
Stockholders' equity₹4,651.37 Cr₹5,144.97 Cr₹5,758.24 Cr₹6,612.00 Cr₹7,561.00 Cr₹8,475.00 Cr

Long-term debt, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹788.68 Cr₹711.87 Cr₹820.00 Cr₹1,285.00 Cr₹1,683.00 Cr₹1,734.00 Cr
Investing cash flow₹15.45 Cr₹-586.25 Cr₹69.15 Cr₹-268.23 Cr₹-581.72 Cr₹14.99 Cr
₹-873.16 Cr₹-82.25 Cr₹-687.00 Cr₹-1,134.00 Cr₹-1,168.00 Cr₹-1,495.00 Cr
Capital expenditure₹-116.33 Cr₹-199.73 Cr₹-162.47 Cr₹-288.18 Cr₹-226.04 Cr₹-251.71 Cr
End cash position₹121.60 Cr₹177.43 Cr₹396.69 Cr₹299.89 Cr₹236.75 Cr₹500.01 Cr

Annual only — the data source has no quarterly cash-flow-statement coverage.

11 · Shareholding Pattern

NSE, quarterly

Line itemSep 21–Jun 26(20Q)
Promoter51.00%
Public49.00%
Employee trusts0.00%

Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.

12 · Peer Comparison

Industrials

Company
Larsen & Toubro Limited₹5.24 L Cr₹3,836.231.64.7914.7%1.15+11.8%+4.1%
Adani Ports and Special Economic Zone Limited₹4.00 L Cr₹1,82429.44.1713.3%0.66+27.1%+29.1%
Hindustan Aeronautics Limited₹3.20 L Cr₹4,800.334.37.8022.2%0.00+5.6%-1.2%
Bharat Electronics Limited₹2.82 L Cr₹395.4546.011.7525.3%0.00+15.9%-4.1%
InterGlobe Aviation Limited₹1.87 L Cr₹4,920—26.87-34.3%11.15+6.6%-13.9%
ABB India Limited₹1.51 L Cr₹7,270.595.519.2821.3%0.01+8.1%+33.7%
Bharat Heavy Electricals Limited₹1.43 L Cr₹429.258.85.476.1%0.31+18.3%+83.2%
Hitachi Energy India Limited₹1.39 L Cr₹32,700121.726.8919.1%0.02+27.2%+68.7%
Cummins India Limited₹1.39 L Cr₹5,099.557.816.4227.9%0.00+16.9%+24.3%
CG Power and Industrial Solutions Limited₹1.39 L Cr₹892107.617.3915.1%0.01+25.1%+13.7%
Siemens Limited₹1.33 L Cr₹3,763.578.810.0715.9%0.01+16.2%+13.3%
Polycab India Limited₹1.24 L Cr₹8,24143.510.3422.3%0.37+28.3%+13.7%

Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.

Documents

Annual reports

Show all 29

Concall transcripts

Show all 12

Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.

Index membership

61 indices

BSE Capital Goods· 6.6%Nifty MNC· 6.0%Nifty500 Multicap Momentum Quality 50· 4.2%Nifty Total Market Momentum Quality 50· 4.2%Nifty200 Alpha 30· 3.7%Nifty500 Momentum 50· 3.5%BSE 500 Quality 50· 3.5%Nifty Shariah 25· 3.5%Nifty200 Momentum 30· 3.4%BSE Industrials· 2.8%NIFTY200 Quality 30· 2.7%BSE SENSEX Next 50· 2.5%

NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.

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