Cummins India Ltd.    
18 Aug 2020
461.60
-0.60%
Way2Wealth
Q1FY21 Performance Sales came in at `4,982mn which was impacted as two months of revenue loss due to closure of factories on account of pandemic. EBITDA declined by 98% YoY to `29mn with EBITDA margin coming at 0.6% compared to 11.3% in Q1FY20. EBITDA was profitable at `876mn due to lower employee cost (-16% YoY,-18% QoQ) and decline in other expenses (-47.8% YoY,-45.7% QoQ). PAT came in at `526mn on account of higher other income which grew 32.9% YoY and 13.8% QoQ to `1,022mn led by tax reversal of `0.3bn and rental income. Post the gradual...
Cummins India Ltd. is trading above all available SMAs
Cummins India Ltd.    
13 Aug 2020
461.60
-0.60%
buy
Yes Securities
Commercial/ Residential real estate activities expected to remain sluggish & will take longer time to recover, while data centers&healthcarewouldlikelytosupportpowergenbiz.Rail &Mining(55%ofindustrialsales)toleadindustrialbizrecovery innext23quarters.Significantdemanduncertaintiespersistin...
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Cummins India Ltd. is trading above all available SMAs
Cummins India Ltd.    
13 Aug 2020
461.60
-0.60%
Prabhudas Lilladhar
Management remains cautious on demand recovery in both Domestic and Exports market and expects current economic scenario to persist in short run. Cummins India (KKC) reported a decent performance for 1Q amidst the pandemic with cost control measures and higher other income boosting profitability. Execution was weak on account of severe impact of Covid-19 pandemic as factory sites were in containment zone. Domestic/exports revenues decline 64%/61% YoY for the quarter. Within the domestic market,...
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Cummins India Ltd. is trading above all available SMAs
Cummins India Ltd.    
07 Jul 2020
461.60
-0.60%
Motilal Oswal
technology access may not be as big a barrier to competitors (KOEL, Mahindra, and Perkins), end markets may not be strong enough to absorb such steep price hikes (similar learning from the earlier transition from CPCB-I to CPCB-II), the implementation date is set as July 2021, which may be pushed by six to nine months, especially given the COVID- 19-led disruption. However, the key end markets Manufacturing, Real Estate, Retail, and Hospitality are likely to remain under pressure, with a sluggish growth outlook over the next two years. Even the transition to CPCB-II met with a similar fate, with an anticipation of pre-buying, followed by price hikes, and hope of earnings growth. Given the weak outlook for the end markets and limited pricing power in the Gensets industry, we refrain from being bullish on CPCB-IV opportunities. Currently, macro headwinds remain too strong for the industry to witness double-digit growth on a sustainable basis in the domestic market.
Cummins India Ltd. has an average target of 429.80 from 6 brokers.
Cummins India Ltd.    
06 Jul 2020
461.60
-0.60%
Axis Direct
We recommend a BUY on Cummins India Limited with a Target Price of Rs 470, an upside of ~9% from CMP of Rs. 432 and Stop Loss Rs 410.
Number of FIIs/FPIs holding stock fell by 9 to 185 in Sep 2020 qtr.
Cummins India Ltd.    
27 Apr 2020
461.60
-0.60%
Prabhudas Lilladhar
We recently attended a concall hosted by Mr. Ashwath Ram- MD Cummins Change in Estimates | Target | Reco (KKC) India addressing concerns on Covid-19. Management remains very cautious on recoveries due to economic slowdown. While domestic markets...
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Cummins India Ltd. is trading above all available SMAs
Cummins India Ltd.    
25 Apr 2020
461.60
-0.60%
Motilal Oswal
Looking at slow recovery cycle, with bleak near-term outlook: The already weak business outlook has worsened, due to the COVID-19 situation impacting the entire global supply chain. Management expects the situation to worsen before there is any improvement in sight. The pace and timing of recovery depends on the likely government stimulus in India and individual overseas markets. On the optimistic side, domestic demand is expected to take six to nine months to recover. Domestic business outlook: Distribution, Industrial, and Powergen: a)...
Cummins India Ltd. has an average target of 429.80 from 6 brokers.
Cummins India Ltd.    
29 Jan 2020
461.60
-0.60%
Motilal Oswal
29 January 2020 Cummins 3QFY20 revenue declined 3% YoY to INR14.5b (in-line). EBITDA declined 5% YoY to INR2.2b and was 12% ahead of our est. Adj. PAT was 10% ahead of our est. up 5.6% YoY to INR2.0b. Cummins has maintained its bleak revenue growth guidance for the domestic/export market. On margins, it has admitted that 3QFY20 run-rate may not sustain only on cost cutting measures, as it is dependent on exports. Distribution revenue (29% of sales) grew 18% YoY to INR4.2b, helped by one large order worth INR700m from the bus segment. Excluding this, distribution revenue would have declined 2.3% YoY, leading to overall domestic revenue decline of 3% (v/s 4% reported growth).
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Cummins India Ltd. is trading above all available SMAs
Cummins India Ltd.    
30 Oct 2019
461.60
-0.60%
Karvy
Cummins India Q2 sales, EBITDA and PAT declined by 12 percent, 39 percent and 29 percent The Q2 weakness was witnessed across business segments.
Cummins India Ltd. has an average target of 429.80 from 6 brokers.
Cummins India Ltd.    
25 Oct 2019
461.60
-0.60%
Prabhudas Lilladhar
Cummins India continued to report weak set of numbers with revenue Change in Estimates | Target | Reco declined by 12% YoY at Rs13.1 bn (PLe Rs14.9 bn) during 2QFY20. This was mainly due to de-growth in both domestic (-6%YoY) and exports (-25%YoY)....
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Number of FIIs/FPIs holding stock fell by 9 to 185 in Sep 2020 qtr.