NSE: CUMMINSIND | BSE: 500480

Expensive Star

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4299.00 -34.80 (-0.80%)

Near 52W High of ₹4495.00

1.1M NSE+BSE Volume

NSE 24 Nov, 2025 3:31 PM (IST)

119,168.3

Market Cap

Market Leader

1.2

Beta 1Year

High Volatility

Cummins India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for CUMMINSIND, BSE:500480 Cummins India Ltd.

Cummins India Ltd.

12 Feb 2022

4299.00

-0.80%

CUMMINS INDIA LTD

Accumulate: Cummins India Ltd.

Target

Prabhudas Lilladhar

strong growth in both domestic (up 23% YoY) as well as exports market (up 18% YoY). We believe uncertainty in supply chain, semiconductor and electronic part shortage may impact the company's performance in near term....

Number of FII/FPI investors increased from 848 to 885 in Sep 2025 qtr.

Cummins India Ltd.

02 Oct 2021

4299.00

-0.80%

Draft Electricity Bill sentimentally negative

Sell: Cummins India Ltd.

Motilal Oswal

Draft Bill aimed at lowering pollution via other generation sources: In light of rising pollution levels, particularly in metros and large cities, the Draft Bill states that the electricity distributor shall ensure uninterrupted (24*7) power supply to all consumers so there is no requirement of running dieselgenerating (DG) sets. The State Commission may consider a separate reliability charge for the distribution company, if it requires funds for investment in infrastructure, to ensure the reliability of electricity supply to consumers. Urges consumer to shift to cleaner energy sources: The Draft Bill further states consumers using DG sets as essential backup power shall endeavor to shift to...

Cummins India Ltd. is trading above all available SMAs

Cummins India Ltd.

15 Aug 2021

4299.00

-0.80%

Strong operating performance aided by exports

Sell: Cummins India Ltd.

Target

Motilal Oswal

Cummins India (KKC)'s 1QFY21 revenue came in at INR11.8b (2-yr CAGR: 6%) and was 12% ahead of our expectation. Adj. PAT came in at INR1.3b and was 8% ahead of our expectations. The demand outlook is strong, driven by a) the unlocking of the domestic economy and likely pent-up demand playing out for a few months, b) road...

Number of FII/FPI investors increased from 848 to 885 in Sep 2025 qtr.

Cummins India Ltd.

13 Aug 2021

4299.00

-0.80%

Q1FY22 Result Update - Exports showing signs of revival - ACCUMULATE

Accumulate: Cummins India Ltd.

Target

Prabhudas Lilladhar

Company has taken price hike across various categories in order to mitigate impact of commodity price hike and maintain GP margins levels (36% range). Cummins India (KKC) reported healthy set of quarterly performance led by strong recovery in economic activity and exports market. In domestic market, Powergen and industrial witnessed strong demand revival as economic activity picked up. Exports market reported 21% QoQ revenue growth, mainly led by strong growth in China and North America, while other geographies...

Motilal Oswal increased Buy price target of Cummins India Ltd. to 4950.0 on 08 Nov, 2025.

Cummins India Ltd.

27 May 2021

4299.00

-0.80%

Beat on earnings aided by higher other income

Sell: Cummins India Ltd.

Target

Motilal Oswal

Cummins India (KKC)'s 4QFY21 revenue growth was weak, in line with expectations. It increased 18% YoY on a weak base (4QFY20: -22%). Domestic revenue was up ~26% YoY, while exports remained sluggish (flat YoY). However, persistent cost-cutting measures (employee cost down 5% YoY and other expenses down 30% YoY) resulted in EBITDA margins of 13.4%. Adj. PAT stood 53% higher YoY and was 19% above our estimate, led by higher-than-estimated other income. Revenue normalization is taking longer than expected (in line with our...

Cummins India Ltd. has gained 46.20% in the last 6 Months

Cummins India Ltd.

27 May 2021

4299.00

-0.80%

Q4FY21 Result Update - Export to drive growth - HOLD

Hold: Cummins India Ltd.

Target

Prabhudas Lilladhar

Management stands optimistic about revival in export markets demand from H2FY22 basis recovery seen in China, North America and European region. Cummins India (KKC) reported strong performance in Q4, led by sequential recovery in economic activity. Revenue grew 18% YoY on account of robust growth in domestic market (up 26% YoY) led by continued traction witnessed in power generation, construction, mining and mineral segment. EBITDA margin expanded 710bps on account of strong revenue growth and better...

Motilal Oswal increased Buy price target of Cummins India Ltd. to 4950.0 on 08 Nov, 2025.

Cummins India Ltd.

31 Jan 2021

4299.00

-0.80%

Weak revenue (in-line); cost measures likely to persist

Sell: Cummins India Ltd.

Target

Motilal Oswal

Cummins India (KKC)'s revenue growth was weak, in line with expectations. It declined 2% YoY on a weak base (3QFY20: -3%) and could have been even weaker if not for a large order in the Powergen segment. However, persistent cost-cutting measures (employee cost and other expenses) led to...

Motilal Oswal increased Buy price target of Cummins India Ltd. to 4950.0 on 08 Nov, 2025.

Cummins India Ltd.

02 Nov 2020

4299.00

-0.80%

Light House Update - A Quick Perspective - Cummins India Ltd. - 02 November 2020

Accumulate: Cummins India Ltd.

Way2Wealth

Cost rationalisation in addition to domestic recovery drives decent performance during Q2FY21 Cummins India Ltd (CIL) topline was at `11.6bn (-11% YoY;+133% QoQ).EBIDTA of `1.9bn +25% YoY was despite YoY revenue decline, was supported by better revenue mix of high margin Export + distribution business contributing 63% of sales compared to 52% in Q2FY20, which itself led to gross margin expansion of 3.1 bps YoY to 38.1% and cost rationalization measures lead to another 170bps YoY improvement in margins. EBIDTA margins for the quarter stood at 16.4% (+4.8 bps YoY)....

Motilal Oswal increased Buy price target of Cummins India Ltd. to 4950.0 on 08 Nov, 2025.

Cummins India Ltd.

31 Oct 2020

4299.00

-0.80%

Margin surprise on favorable sales mix; Outlook weak

Sell: Cummins India Ltd.

Target

Motilal Oswal

While Cummins (KKC) reported in-line revenue, EBITDA came in 25% higher than our estimates. This was largely owing to favorable mix (higher contribution of distribution segment and export revenue), continued cost rationalization measures, and cut in employee wages. Further, cost reduction was aided by the reduction in warranty and royalty expenses. As sales normalize and lower margin domestic product sales pick up, gross margin is likely to reverse to historical levels. Also, KKC had reduced employee wages by 10-20% during the lockdown owing to decline in...

Cummins India Ltd. has an average target of 4045.50 from 7 brokers.

Is Cummins India Ltd. worth buying?

286 Votes:

Buy 77.97%

Sell 15.38%

Hold 6.64%

RESEARCH REPORTS

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