Cummins India logo

Cummins India share price

NSE: CUMMINSINDBSE: 500480Industrial ProductsLarge Cap

Cummins India Limited · Formerly Kirloskar Cummins · Face value ₹2 · Listed Aug 1962 on BSE, Mar 1995 on NSE
Last close ₹4,532.00up ₹146.50 (3.34%)BSE ₹4,525.55

Share price at the NSE close on 27 Oct 2026. Previous close ₹4,385.50.

27 Oct: open ₹4,387.00, high ₹4,532.00, low ₹4,387.00

52-week range of traded prices to 27 Oct 2026
₹3,883.10Low, 27 Jan 2026₹6,100.00High, 29 May 2026
Market cap
₹1,25,627 Cr72nd largest listed
P/E
53.07
P/B
14.82
Dividend yield
1.46%
ROE
29.5%
ROCE
28.1%
Debt to equity
0.00
Volume, NSE
5,83,97963.5% delivered

Cummins India share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+5.1%over a year · Nifty 500 −8.8%

ResultsDividend20-session average 4,78,402 shares a day, 60.8% delivered

About Cummins India

Cummins India Limited makes engines, generator sets and engine parts, and sells them to equipment makers (OEMs), end users and dealers.1 It serves India, Bhutan and Nepal and exports worldwide, with America, Europe, Mexico, Africa, the Middle East and China its top destinations.2 Its engines go into power generation, construction, compressors, mining, marine, railways, oil and gas, pumps and defence.2

It was incorporated in 1962 and has its registered office in Pune, Maharashtra.3 Its parent is Cummins Inc. of the USA, with which it develops new products, and its promoters held 51.00% of its shares at the end of March 2026.45 Its chairperson, Jennifer Mary Bush, is a Vice President of Cummins Inc., and its managing director is Shveta Arya.6

It owns 50% of Valvoline Cummins Private Limited, a joint venture with Valvoline International Inc. of the USA, a lubricants and engine oil company, and 48.74% of Cummins Generator Technologies India Private Limited, which makes alternators.7 It sold its wholly owned subsidiary Cummins Sales & Service Private Limited, which ceased to be a subsidiary on 1 Apr 2025.8

Cummins India key points

Results

  • On a standalone basis, revenue from the sale of products and services was ₹11,950 crore in the year to Mar 2026, up 18% from ₹10,166 crore; profit before tax and one-off items rose 24% to ₹3,104 crore and profit after tax was ₹2,330 crore.910
  • On a consolidated basis, profit before tax was ₹3,085.95 crore in the year to Mar 2026, against ₹2,592.81 crore a year earlier.11
  • In the quarter to Jun 2026, sales were ₹3,375 crore, up 18% from ₹2,859 crore a year earlier, and profit before tax and one-off items was ₹721 crore, down 0.7%.12

Businesses and products

  • Sales by business, quarter to Jun 2026, change on a year earlier13
    Itemquarter to Jun 2026
    Domestic power generation₹1,424 crore, up 35%
    Distribution business₹886 crore, up 14%
    Domestic industrial₹458 crore, up 10%
    High-horsepower exports₹296 crore, up 16%
    Low-horsepower exports₹180 crore, down 20%
  • Data centres were 40% of power generation revenue in the quarter to Jun 2026, against 23% in the quarter to Jun 2025.1415
  • Share of turnover by product in the year to Mar 202616
    Itemyear to Mar 2026
    Engines54%
    Engine parts and accessories23%
    Generator sets18%

Where revenue comes from

  • In the quarter to Jun 2026, domestic sales were ₹2,854 crore, up 22%, while exports were flat at ₹521 crore.17
  • Domestic sales were ₹9,961 crore in the year to Mar 2026, up 19%, and exports were 16.65% of turnover.1819
  • The company served 86 countries and exported 6,128 engines and 5,927 generator sets in the year to Mar 2026.2021

Plants and capacity

  • The company has 5 plants in India, 1 of them a warehouse, and 23 offices.20
  • Its sites include the Kothrud Engine Plant and the Pirangut Power System Plant in Pune, and a Power Generation Plant, the Megasite and a remanufacturing facility at Phaltan, Maharashtra.2223
  • On its earnings call of 6 Aug 2026, the company said its capacity utilisation was between 70% and 75% and that it is adding high-horsepower capacity, with demand outpacing what it can add.2425
  • The company said it has not yet reached the point of needing capacity for its 78 and 95 litre engines in India.26

Service and dealer network

  • With its dealers, the company has 3,500 trained engineers and 450 service touchpoints in India, and it promises to reach critical customers such as hospitals within 2 hours of a complaint and others within 4 hours.27
  • The company handled 877,569 service orders in the year to Mar 2026, and its Net Promoter Score (a measure of how likely customers are to recommend it) was 90%.28

Research and development

  • Spending on research and development was ₹10.54 crore in the year to Mar 2026, 0.09% of sales turnover, against ₹10.51 crore a year earlier.21
  • In the year to Mar 2026, the company launched an 82.5 kVA product under India's CPCB IV+ emission norms, worked on a 95 litre marine power generation product for a Navy fleet support ship, and began exporting a Euro Stage V product line to Europe.2930
  • The company launched a battery energy storage system in the year to Mar 2026 and installed one at its Phaltan rebuild centre; on 6 Aug 2026 it said it was still seeking orders.3124

What the company expects

  • On its earnings call of 6 Aug 2026, the company said its distribution business has the potential to grow at 20% over the current year and the next few years.32
  • On its earnings call of 6 Aug 2026, the company said it had raised prices once, at the start of the quarter to Sep 2026, and did not expect that increase to recover all commodity cost increases.3334
  • On its earnings call of 6 Aug 2026, the company said it expects demand in its end markets to hold, while inflation and supply chain constraints are likely to continue.35

Litigation and regulatory matters

  • The Income Tax Department has appealed to the Bombay High Court against a tribunal order that gave the company relief on adjustments of ₹210.77 crore, with an estimated tax impact of about ₹72.88 crore; as of 9 Jul 2026, the appeal was pending admission.3637
  • Goods and services tax orders disclosed on 27 Mar 2026 and 29 Mar 2026 levy demands of ₹52,55,51,043, ₹43,79,73,947 and ₹18,51,57,200, each with a penalty, for past years; the company said it would appeal, and its documents give no outcome.3839
  • Labour authorities upheld a retirement age of 60 years for certain categories of workmen in a union dispute, against the company's 58. The Bombay High Court stayed the orders on 9 Jun 2026; the company said there is no material financial impact at this stage.40

Last updated

All 40 sources, each with its page
  1. 1. Annual report, 20 Jul 2026, page 123
  2. 2. Annual report, 20 Jul 2026, page 11
  3. 3. Annual report, 20 Jul 2026, page 1
  4. 4. Annual report, 20 Jul 2026, page 32
  5. 5. Annual report, 20 Jul 2026, page 91
  6. 6. Annual report, 20 Jul 2026, page 24
  7. 7. Annual report, 20 Jul 2026, page 30
  8. 8. Annual report, 20 Jul 2026, page 45
  9. 9. Annual report, 20 Jul 2026, page 13
  10. 10. Annual report, 20 Jul 2026, page 9
  11. 11. Annual report, 20 Jul 2026, page 278
  12. 12. Earnings call, 6 Aug 2026, page 3
  13. 13. Earnings call, 6 Aug 2026, page 3
  14. 14. Earnings call, 6 Aug 2026, page 11
  15. 15. Earnings call, 6 Aug 2026, page 15
  16. 16. Annual report, 20 Jul 2026, page 123
  17. 17. Earnings call, 6 Aug 2026, page 3
  18. 18. Annual report, 20 Jul 2026, page 13
  19. 19. Annual report, 20 Jul 2026, page 123
  20. 20. Annual report, 20 Jul 2026, page 123
  21. 21. Annual report, 20 Jul 2026, page 34
  22. 22. Annual report, 20 Jul 2026, page 31
  23. 23. Annual report, 20 Jul 2026, page 137
  24. 24. Earnings call, 6 Aug 2026, page 10
  25. 25. Earnings call, 6 Aug 2026, page 4
  26. 26. Earnings call, 6 Aug 2026, page 13
  27. 27. Earnings call, 6 Aug 2026, page 12
  28. 28. Annual report, 20 Jul 2026, page 18
  29. 29. Annual report, 20 Jul 2026, page 32
  30. 30. Annual report, 20 Jul 2026, page 33
  31. 31. Annual report, 20 Jul 2026, page 56
  32. 32. Earnings call, 6 Aug 2026, page 6
  33. 33. Earnings call, 6 Aug 2026, page 15
  34. 34. Earnings call, 6 Aug 2026, page 9
  35. 35. Earnings call, 6 Aug 2026, page 16
  36. 36. Exchange filing, 9 Jul 2026, page 1
  37. 37. Exchange filing, 9 Jul 2026, page 2
  38. 38. Exchange filing, 27 Mar 2026, page 1
  39. 39. Exchange filing, 29 Mar 2026, page 1
  40. 40. Exchange filing, 12 Jun 2026, page 1

Results

Consolidated; ₹ crore.Cummins India quarterly results

Revenue growth, 12 months
+15.3%
Net profit growth, 12 months
+10.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹3,426 Crup 13.78%
Net profit
₹609 Crdown 6.18%
Net margin
17.8%

Revenue by quarter

₹2,509 CrSep 24₹3,096 CrDec 24₹2,470 CrMar 25₹2,907 CrJun 25₹3,170 CrSep 25₹3,055 CrDec 25₹3,011 CrMar 26₹3,426 CrJun 26
Peak revenue ₹3,426 Cr, quarter to Jun 2026; lowest ₹2,470 Cr, quarter to Mar 2025

Net profit by quarter, a loss in red

₹449 CrSep 24₹558 CrDec 24₹530 CrMar 25₹604 CrJun 25₹622 CrSep 25₹486 CrDec 25₹649 CrMar 26₹609 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,5093,0962,4702,9073,1703,0553,0113,426
Net profit449558530604622486649609
Net margin17.9%18.0%21.4%20.8%19.6%15.9%21.6%17.8%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Engines₹11,950 Crup 16.93%79.9%
  • Lubes₹3,009 Crup 27.92%20.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Cummins India PE ratio and valuation

Price to earnings

At or below today's level on 86% of 2,478 trading days over the last 10 years.

LowestHighest
Its median36.22Industry median34.84
Price to book

At or below today's level on 82% of 1,979 trading days since Nov 2018.

LowestHighest
Its median6.93Industry median4.66
Dividend yield

At or below today's level on 42% of 2,478 trading days over the last 10 years.

LowestHighest
Its median1.53%Industry median0.48%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+48.9%+18.1%+24.9%1.5%
3 years+41.8%+24.4%+12.8%1.5%
5 years+38.9%+30.0%+5.6%1.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Cummins India shareholding pattern

Shareholding by group

  • Promoters51.00%
  • Foreign institutions19.48%
  • Indian institutions20.82%
  • Individuals and others8.70%
Holder
Cummins IncPromoter51.00%
NPS Trust- A/C SBI Pension Fund Scheme - State GovtProvident and pension funds2.76%
Life Insurance Corporation of IndiaInsurance companies1.00%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −1.71 pts, Indian institutions +1.66 pts, mutual funds +1.78 pts.

Mutual fund holdings

358 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 154 of the 199 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 358 funds holding Cummins India

Bought for the first time
8
Bought again
3
Added
123
Cut
76
Held unchanged
146
Sold out
18
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Cummins India insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Cummins India competitors and peers

Compressors Pumps & Diesel Engines, 16 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Cummins India in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Kirloskar Oil Engines logoKirloskar Oil EnginesKIRLOSENG27,48050.947.59+22.7%+14.4%16.1%13.6%0.37%
Elgi Equipments logoElgi EquipmentsELGIEQUIP16,53836.927.41+15.9%+23.4%21.9%19.8%0.52%
Ingersoll Rand (India) logoIngersoll Rand (India)INGERRAND12,44446.5220.21+8.3%+1.1%43.7%54.1%1.90%
Kirloskar Brothers logoKirloskar BrothersKIRLOSBROS12,32032.764.80+10.8%–15.7%16.3%0.45%
Ksb logoKsbKSB11,46946.726.76+4.6%−4.4%15.2%16.9%0.67%
Kirloskar Pneumatic Company logoKirloskar Pneumatic CompanyKIRLPNU6,96226.845.40+9.1%+38.8%21.4%24.6%1.12%
Shakti Pumps (India) logoShakti Pumps (India)SHAKTIPUMP4,51428.192.53+15.8%−60.1%9.4%9.5%0.27%
Greaves Cotton logoGreaves CottonGREAVESCOT4,23242.402.96+21.2%+23.0%7.0%7.0%1.10%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Cummins India dividend history

Dividend per share, ₹, restated for later splits and bonuses

14Mar 1715Mar 1817Mar 1914Mar 2015Mar 2119Mar 2225Mar 2338Mar 2452Mar 2566Mar 26
Highest ₹66.00 a share, year to Mar 2026.
Ex-dateTypePer share
17 Jul 2026Final₹46.00
11 Feb 2026Interim₹20.00
18 Jul 2025Final₹33.50
14 Feb 2025Interim₹18.00
19 Jul 2024Final₹20.00
21 Feb 2024Interim₹18.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Cummins India announcements

Cummins India share price by year

Each calendar year to 2025.Cummins India share price history

YearClose at year endChangeHighest closeLowest close
20254,434.40+35.4%4,600.202,690.30
20243,274.00+66.7%4,134.001,957.95
20231,963.95+42.3%2,027.151,382.15
20221,380.40+46.6%1,523.00896.10
2021941.80+63.9%1,047.30581.35
2020574.55+4.3%612.05287.15
2019550.85−35.2%877.70520.70
2018849.70−5.8%972.95624.40
2017901.90+10.2%1,066.05805.25
2016818.75−20.5%1,038.80756.15
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20264,322.604,385.504,290.304,385.504,341.902,52,61053.8%
23 Oct 20264,380.004,380.004,245.604,344.204,306.494,64,79653.9%
22 Oct 20264,366.704,488.404,359.204,460.004,448.965,79,38458.9%
21 Oct 20264,635.104,639.204,395.204,440.004,453.164,48,46461.0%
19 Oct 20264,608.004,645.404,586.904,612.004,608.302,18,94055.9%
16 Oct 20264,653.604,662.004,591.204,608.004,624.565,54,54164.7%
15 Oct 20264,722.104,734.804,620.104,639.004,652.694,84,04555.6%
14 Oct 20264,828.004,828.004,754.004,792.904,786.932,94,91657.9%
13 Oct 20264,821.004,834.604,738.504,834.604,784.773,01,74557.3%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
20 Sep 2011Bonus0.7143Holders received 2 bonus shares for every 5 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Jennifer Mary Bush
At the end of the quarter to Sep 2026
NSE symbol
CUMMINSIND
BSE code
500480
ISIN
INE298A01020
Industry
Industrial Products
Former symbols
KIRLOSKCUM
CIN
L29112PN1962PLC012276
Corporate identity number, the registrar of companies' code for it
Incorporated
1962
Registered office
Survey No. 21, Tower A, Cummins India Office Campus, 5th Floor, Balewadi, Pune 411045, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments