NSE: CUMMINSIND | BSE: 500480

Mid-range Performer

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3338.00 -10.30 (-0.31%)

29.38% Gain from 52W Low

214.3K NSE+BSE Volume

NSE 02 Jul, 2025 3:31 PM (IST)

92,529.4

Market Cap

Market Leader

1.3

Beta 1Year

Very High Volatility

Dividend

Cummins India Ltd. has an upcoming dividend of ₹33.50 per share due on 18 Jul 2025 See details

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.

02 Nov 2018, 03:50PM

3338.00

-0.31%

Cummins India Ltd Q2FY19 results Comment

Results Update: Cummins India Ltd.

HDFC Securities

Cummins India Ltd Q2FY19 results Comment Revenue increased by 11.96% to Rs. 1451.55 Cr in Q2FY19 when compared to the previous quarter. Also, it increased by 29.78% when compared with Q2FY18

Cummins India Ltd. is trading above all available SMAs

Cummins India Ltd.

02 Nov 2018, 12:00AM

3338.00

-0.31%

Cummins' (KKC) operational performance surpassed our and Street expectations. Both the do...

Buy: Cummins India Ltd.

Recommendation Target

Emkay

CIL raised its guidance, after strong beat in Q2Fy19 results - a) +200bps for domestic market to 10-12%; and b) 3-5% for exports from 0% earlier. We increase our EPS estimates by 5% and consequently, target price by 4% to INR 915/sh. Key highlights- (1) Demand - growth has been strong in Railways, Data Centres and Infra / construction, while real estate still remains sluggish. (2) Pricing Gross margins benetted by 150bps in 2Q & 50bps in 1H from INR depreciation, and should normalize with price resets in 2H. However, company took 3-5% price hikes domestically (67% of revenues) in order to arrest cost ination. (3) New product launches in Rail and mechanical generators helped improve market...

Joindre Capital Services released a report for Cummins India Ltd. on 27 Jun, 2025.

Cummins India Ltd.

12 Oct 2018

3338.00

-0.31%

Cummins India Limited - Company Update - Demand recovery and product mix to boost earnings

Buy: Cummins India Ltd.

Religare

Cummins is a leader with 40% market share in the diesel engines/gensets industry. Further, it has strong presence in high value and high margin high horse power (HHP) gensets with approximately 62% market share as on FY18 end.

Cummins India Ltd. is trading above all available SMAs

Cummins India Ltd.

05 Sep 2018

3338.00

-0.31%

Cummins

Accumulate: Cummins India Ltd.

Recommendation Target

Kotak Securities

In our earnings model, we build 1/ bottoming out of Powergen business and showing modest recovery and 2/ continued momentum in industrial and distribution business driven by infrastructure sector. Exports could potentially surprise, given the bounce back in crude oil prices leading to the recovery in Middle East & Africa market and Europe. In our forecasts, we are factoring margins below the historical peak. We build...

Cummins India Ltd. is trading above all available SMAs

Cummins India Ltd.

14 Aug 2018

3338.00

-0.31%

Cummins India Ltd: Challenges Persist for Cummins

Hold: Cummins India Ltd.

Recommendation Target

Karvy

Challenges Persist for Cummins: Cummins India's revenue dropped by 1% YoY to Rs. 13 bn in line with our estimates, however, adjusted earnings was higher by ~ 10% and reached Rs.6.6, which is below our estimate. In terms of segments, Q1 performance was in complete divergence of full year guidance of 8-10% domestic business growth and 0-5% exports business growth which it re-iterated as FY19E guidance in the Q1 concall as well.

Cummins India Ltd. has an average target of 3776.17 from 7 brokers.

Cummins India Ltd.

13 Aug 2018

3338.00

-0.31%

Cummins

Buy: Cummins India Ltd.

Target

JM Financial

Buoyed by exports, margins post positive surprise Cummins India 1QFY19 results were in-line with estimates. Net sales declined by 1% YoY (7% below JMFe) as domestic sales registered a 7% decline (high base effect), while exports reported healthy growth of 12% YoY. However, operating profits grew by 10% YoY (in-line with JMFe), as operating margins grew by 160bps YoY to 16.2%, buoyed by currency tailwinds and favourable sales mix. Being cautiously optimistic, management maintain its annual sales growth guidance (domestic: 8-10%, exports: 0-5%) as it suspected that the bump in exports may be due to inventory correction. Adjusted net profit growth was stunted...

Joindre Capital Services released a report for Cummins India Ltd. on 27 Jun, 2025.

Cummins India Ltd.

19 Jul 2018

3338.00

-0.31%

Cummins

Buy: Cummins India Ltd.

JM Financial

FY18 Annual Report Analysis: Capital allocation hurts RoIC Cummins India (KKC)'s balance sheet has seen a stark change in the past 5 years, with increased allocation to investment properties and current investments, leading to a 150% rise in interest and rental income vs. a 12% decline in EBITDA over the same period. Other key takeaways from the annual report are: a) management increased focus on the industrial division through bundled offerings and new product introductions to capture a larger share of railways, mining, defence and construction (new emission norms from CY20) as power gen/export sales growth remain muted, b) it maintained tight control on expenses and...

Cummins India Ltd. has an average target of 3776.17 from 7 brokers.

Cummins India Ltd.

04 Jun 2018

3338.00

-0.31%

Focus on profitable growth in core segments

Buy: Cummins India Ltd.

Target

Motilal Oswal

Content growth is driven by offering more solutions to an existing customer for example, in the road construction industry, KKC supplies the DG sets for backup power, engines for use in excavators, loaders, road rollers, and asphalt-laying machines while also providing connected solutions. Similarly, for the rail segment, it earlier supplied only the engines it has moved on to supplying generators along with the engines and now provides silent DG sets. Lastly, in terms of new products, KKC is already working on CPCB-3/BS-VI emission-compliant engines to be introduced in 2020 and very few competitors would be able to adapt to the new norms; BS-VI will have near-zero emission. At the top of these is technology leadership not only does it have access to its parents knowhow, it has also set up a technical center in Pune to develop new products for local and global markets.

Joindre Capital Services released a report for Cummins India Ltd. on 27 Jun, 2025.

Is Cummins India Ltd. worth buying?

276 Votes:

Buy 77.9%

Sell 15.22%

Hold 6.88%

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