loader2
Partner With Us NRI

Cummins India Ltd share Price Today

Company details

3,025.80
3,125.00
1,536.80
3,161.15
6M Return 76.47%
1Y Return 103.91%
Mkt Cap.(Cr) 84,220.29
Volume 402,676
Div Yield 0.82%
OI
-
OI Chg %
-
Volume 402,676

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Industrial Machinery company Cummins India announced Q3FY24 results:

  • Total Sales for the quarter at Rs 2,502 crore were higher by 17% compared to the same quarter last year and higher by 34% compared to the previous quarter.
  • Domestic sales at Rs 2,177 crore were higher by 36% compared to the same quarter last year and higher by 60% compared to the previous quarter.
  • Export sales at Rs 325 crore were lower by 40% compared to the same quarter last year and lower by 36% compared to the previous quarter.
  • Profit before exceptional items and tax at Rs 603 crore is higher by 26% compared to the same quarter last year and higher by 42% compared to the previous quarter.
  • Profit before tax at Rs 602 crore is higher by 26% compared to the same quarter last year and higher by 41% compared to the previous quarter.
  • Profit after tax at Rs 455 crore is higher by 26% compared to the same quarter last year and higher by 38% compared to the previous quarter.

Ashwath Ram, Managing Director, Cummins India, said: "The world's major economies are dealing effectively to cool down inflationary trends and maintain growth rates. The continued geopolitical risks and resolution of conflicts will likely take longer, posing continued uncertainty about global trade. Recent conflicts impacting trade routes have caused increased freight costs and lead time for supplies. Amidst these uncertainties, the Indian economy is holding up well on the back of strong domestic demand and continued government spending, notably on infrastructure. The recent Interim budget proposing higher allocation for capital expenditure augurs well for the Indian economy.

The company recorded the highest quarterly revenue and profits based on robust domestic demand and is well-positioned to support domestic and export demand. The company has a strong liquidity and financial position to support its operations and growth plans".

Result PDF

View Other Company Results

Cummins India Ltd shares SWOT Analysis

Strengths (15)

  • Stock passes majority of CANSLIM Investment criteria
  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth

Weakness (1)

  • MACD Crossover Below Signal Line

Opportunity (3)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 3,100.2
R2 3,162.2
R3 3,199.4
Pivot

3,063.02

S1 3,001.0
S2 2,963.8
S3 2,901.8
EMA SMA
2,979.6
2,778.1
2,514.2
2,213.5
2,987.4
2,800.8
2,411.1
2,094.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
LIESHA CORPORATION PRIVATE LIMITED . Bulk Purchase 2023-08-31 1704.65 1572737 NSE
BNP PARIBAS ARBITRAGE Bulk Purchase 2023-08-31 1707.71 26047 NSE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-08-31 1707.52 5336225 NSE
Name Category Shares
Cummins Inc. PROMOTER 51%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Cummins India Ltd Stocks COMPARISON

Financials( in Cr) Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd Elgi Equipments Ltd
Price 3,038.25 4,811.90 1,251.20 2,041.30 623.55
% Change -2.75 1.46 2.24 0.34 -0.38
Mcap Cr 84,220.29 57,336.68 23,779.68 22,601.27 19,760.86
Revenue TTM Cr 7,772.09 8,089.81 4,654.28 2,012.76 3,040.70
Net Profit TTM Cr 1,228.15 450.70 441.70 295.08 370.81
PE TTM 55.02 104.80 64.49 57.81 48.71
1 Year Return 103.91 112.17 26.17 9.65 31.11
ROCE 26.89 14.53 20.69 27.49 24.20
ROE 22.53 12.25 17.04 20.97 23.77
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,758.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04

Cummins India Ltd Information

Stock PE (TTM)
55.02
Promoter Holding
51%
Book Value
219.3319
ROCE
26.89%
ROE
22.53%
Description
  • Cummins India Limited is an Indian company engaged in the business of manufacturing and selling diesel and natural gas engines and related services, such as fuel systems, air handling, filtration, power generation, and emission solutions. The company was incorporated in 1962 as an entity of Cummins Group in India, with its headquarters in Pune, Maharashtra. As of 20 October 2022, the market capitalisation of the company is Rs 33,734.

    The company is listed on the National Stock Exchange (NSE) under the code CUMMINSIND and the Bombay Stock Exchange (BSE) under the code 500480. It has also been included in BSE 200 and BSE 500 indices.

    Cummins India Limited operates its business in three segments—engine business, distribution business, and power systems business. The company caters to the requirement of various industries, including agriculture, commercial power, transport, construction, railways, mining, oil, and gas. As of 20 October 2022, the company has a network of over 120 dealership offices, 450 touch points, and more than 3500 engineers serving in India, Nepal, and Bhutan.

    As per the shareholding pattern of the company in June 2022, promoters had a 51.00% stake in the company, 19.02% was invested in mutual funds, retail investors had a 13.87% stake in the company, foreign institutional investors or FIIs had 10.35% stake in the company, and the remaining 5.76% was held by other domestic institutions. Top mutual funds in which the company has invested include Edelweiss Mid Cap Direct Growth Plan, SBI Long Term Equity Direct Growth Fund, Kotak Emerging Equity Fund Direct Growth, and the PGIM India Midcap Opportunities Direct Growth Fund.

    The company’s management team comprises Mr Steven M Chapman (chairman and non-executive director), Mr Ashwath Ram (managing director), Mr Lorraine Alyn Meyer (non-executive director), Mr Donald Jacksonn (non-executive director), Mr Nasser Munjee (independent director), and Mr Vinaya Joshi (company secretary).

    On 20 October 2022, Cummins India shares closed at Rs 1,210.75 at the NSE and Rs 1,209.65 at the BSE. These shares have given a one-year return of 32.91%, and their 52-week high and 52-week low prices are Rs 1,288.35 and Rs 842.65, respectively. The top peers of the company are Grindwell Norton, Thermax, Hindustan Aeronautics, and Bharat Dynamics.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Cummins India Office Campus, Tower A 5 Flr S No 21 Balewadi, Pune, Maharashtra, 411045

Tel : 91-20-67067000
Email : cil.investors:notes.cummins.com;
Website : http://www.cumminsindia.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500480
NSE Code : CUMMINSIND
Book Closure Date (Month) :
BSE Group : A
ISIN : INE298A01020

FAQ’s on Cummins India Ltd Shares

You can buy Cummins India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Cummins India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:49 PM the closing price of Cummins India Ltd was ₹ 3,038.25.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 03:49 PM, the market cap of Cummins India Ltd stood at ₹ 84,220.29.

The latest PE ratio of Cummins India Ltd as of Apr 19, 2024 03:49 PM is 55.02

The latest PB ratio of Cummins India Ltd as of Apr 19, 2024 03:49 PM is 0.07

The 52-week high of Cummins India Ltd share price is ₹ 3,161.15 while the 52-week low is ₹ 1,536.80

Download Our

Download App
market app