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.

30 Oct 2020

4394.40

1.93%

Cummins

Buy: Cummins India Ltd.

Sharekhan

We recommend Buy on Cummins India (Cummins) with a PT of Rs606, given high net earnings growth trajectory over FY2021E-FY2023E and discounted valuations. The company reported strong outperformance on OPM led by favorable mix , cost reduction measures and pricing impact. Export revenues rise 18% y-o-y while domestic revenues declined 22% y-o-y. Company is witnessing m-o-m and q-o-q recoveries pretty much in every segment....

Cummins India Ltd. has gained 49.45% in the last 6 Months

Cummins India Ltd.

30 Oct 2020

4394.40

1.93%

Cummins

Buy: Cummins India Ltd.

Sharekhan

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

Cummins India Ltd.

30 Oct 2020

4394.40

1.93%

Q2FY21 Result Update - CPCB-IV norms expected to turn the tables - Accumulate

Accumulate: Cummins India Ltd.

Prabhudas Lilladhar

led by faster recovery in distribution, construction and mining segments. Going ahead, KKC expects demand to improve across various segment in domestic market. Within exports market early signs of demand recovery in few export markets (~Asia Pacific, Europe & Latin America) were visible leading to better exports. As second wave of Covid seems to be started and lockdown is already announced in some regions, the market conditions continue to remain uncertain in the export market. In short term we are cautious on account of impact of second Covid wave and...

Cummins India Ltd. has gained 49.45% in the last 6 Months

Cummins India Ltd.

18 Aug 2020

4394.40

1.93%

Light House - A Quick Perspective - Cummins India Ltd. - 18 August 2020

Accumulate: Cummins India Ltd.

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. has gained 49.45% in the last 6 Months

Cummins India Ltd.

13 Aug 2020

4394.40

1.93%

Q1FY21 Result Update - Cautious outlook - Accumulate

Accumulate: Cummins India Ltd.

Recommendation Target

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,...

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

Cummins India Ltd.

13 Aug 2020

4394.40

1.93%

Cummins

Sell: Cummins India Ltd.

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...

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

Cummins India Ltd.

07 Jul 2020

4394.40

1.93%

All hopes on CPCB-IV, but will end markets support?

Sell: Cummins India Ltd.

Recommendation Target

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. is trading above all available SMAs

Cummins India Ltd.

06 Jul 2020

4394.40

1.93%

Axis Alpha: Cummins India Limited (BUY)

Buy: Cummins India Ltd.

Recommendation Target

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.

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

Cummins India Ltd.

27 Apr 2020

4394.40

1.93%

Company Update - Demand continues to remain weak - BUY

Buy: Cummins India Ltd.

Recommendation Target

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...

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

Cummins India Ltd.

25 Apr 2020, 12:00AM

4394.40

1.93%

Blurry demand revival outlook; focus on cash conservation

Neutral: Cummins India Ltd.

Target

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 gained 49.45% in the last 6 Months

Is Cummins India Ltd. worth buying?

286 Votes:

Buy 77.97%

Sell 15.38%

Hold 6.64%

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