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Cummins India Ltd share Price Today

Company details

6M Return 8.33%
1Y Return 33.45%
Mkt Cap.(Cr) 54,035.98
Volume 253,118
Div Yield 1.28%
OI Chg %
Volume 253,118

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Industrial Machinery company Cummins India announced Q2FY24 results:

  • Total Sales for Q2FY24 at Rs 1,871 crore were lower by 3% compared to Q2FY23 and lower by 14% compared to Q1FY24.
  • Domestic sales at Rs 1,364 crore lower by 2% compared to Q2FY23 and lower by 19% compared to Q1FY24.
  • Exports Sales at Rs 507 crore lower by 4% compared to Q2FY23 and higher by 2% compared to Q1FY24.
  • Profit before tax at Rs 426 crore is higher by 27% compared to Q2FY23 and higher by 3% compared to Q1FY24.
  • Profit after tax at Rs 329 crore is higher by 30% compared to Q2FY23 and higher by 4% compared to Q1FY24.

Ashwath Ram, Managing Director, Cummins India, said, "The Indian economy remains resilient to geopolitical events, softening demand in developing economies, and inflationary trends both in India and worldwide. GST collections continue to remain strong, indicating underlying trade activities. Index of Industrial Production (IIP), PMI, etc., are indicating a reasonably stable economic outlook. The impact of deficient and uneven monsoons on the economy, especially the rural economy, is yet to play out fully. With the stable fiscal and monetary policies, the Govt’s continued emphasis on infrastructure development, and PLI-led capex is keeping the Indian economy on course for growth in the range of 6.3 to 6.8% based on various estimates. Geopolitical events, especially further escalation of conflict in the Middle East, fluctuations in crude oil prices, rising US Bond yields, and their impact on capital flow are a few key watchouts. Cummins India continues to execute its profitable growth strategy and is well-positioned to meet the demands of its end markets."


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Cummins India Ltd Stocks COMPARISION


Equity Capital: 5,758.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,819.21 39,849.27
LAST 3M 59,182.99 17,912.96
LAST 6M 101,166.54 92,564.27
LAST 12M 166,925.45 138,096.90

Cummins India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500480
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 Dec 08, 2023 03:53 PM the closing price of Cummins India Ltd was ₹ 1,949.35.

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 Dec 08, 2023 03:53 PM, the market cap of Cummins India Ltd stood at ₹ 54,035.98.

The latest PE ratio of Cummins India Ltd as of Dec 08, 2023 03:53 PM is 37.35

The latest PB ratio of Cummins India Ltd as of Dec 08, 2023 03:53 PM is 0.11

The 52-week high of Cummins India Ltd is ₹ 1,987.75 while the 52-week low is ₹ 1,350.05

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