Cummins India share price
NSE: CUMMINSINDBSE: 500480Industrial ProductsLarge Cap
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
- Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,25,627 Cr72nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 53.07
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 14.82
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.46%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 29.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 28.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 5,83,97963.5% 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
Item quarter 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
Item year to Mar 2026 Engines 54% Engine parts and accessories 23% Generator sets 18%
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. Annual report, 20 Jul 2026, page 123
- 2. Annual report, 20 Jul 2026, page 11
- 3. Annual report, 20 Jul 2026, page 1
- 4. Annual report, 20 Jul 2026, page 32
- 5. Annual report, 20 Jul 2026, page 91
- 6. Annual report, 20 Jul 2026, page 24
- 7. Annual report, 20 Jul 2026, page 30
- 8. Annual report, 20 Jul 2026, page 45
- 9. Annual report, 20 Jul 2026, page 13
- 10. Annual report, 20 Jul 2026, page 9
- 11. Annual report, 20 Jul 2026, page 278
- 12. Earnings call, 6 Aug 2026, page 3
- 13. Earnings call, 6 Aug 2026, page 3
- 14. Earnings call, 6 Aug 2026, page 11
- 15. Earnings call, 6 Aug 2026, page 15
- 16. Annual report, 20 Jul 2026, page 123
- 17. Earnings call, 6 Aug 2026, page 3
- 18. Annual report, 20 Jul 2026, page 13
- 19. Annual report, 20 Jul 2026, page 123
- 20. Annual report, 20 Jul 2026, page 123
- 21. Annual report, 20 Jul 2026, page 34
- 22. Annual report, 20 Jul 2026, page 31
- 23. Annual report, 20 Jul 2026, page 137
- 24. Earnings call, 6 Aug 2026, page 10
- 25. Earnings call, 6 Aug 2026, page 4
- 26. Earnings call, 6 Aug 2026, page 13
- 27. Earnings call, 6 Aug 2026, page 12
- 28. Annual report, 20 Jul 2026, page 18
- 29. Annual report, 20 Jul 2026, page 32
- 30. Annual report, 20 Jul 2026, page 33
- 31. Annual report, 20 Jul 2026, page 56
- 32. Earnings call, 6 Aug 2026, page 6
- 33. Earnings call, 6 Aug 2026, page 15
- 34. Earnings call, 6 Aug 2026, page 9
- 35. Earnings call, 6 Aug 2026, page 16
- 36. Exchange filing, 9 Jul 2026, page 1
- 37. Exchange filing, 9 Jul 2026, page 2
- 38. Exchange filing, 27 Mar 2026, page 1
- 39. Exchange filing, 29 Mar 2026, page 1
- 40. Exchange filing, 12 Jun 2026, page 1
Results
Consolidated; ₹ crore.Cummins India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +15.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +10.6%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,426 Crup 13.78%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹609 Crdown 6.18%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 17.8%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,509 | 3,096 | 2,470 | 2,907 | 3,170 | 3,055 | 3,011 | 3,426 |
| Net profit | 449 | 558 | 530 | 604 | 622 | 486 | 649 | 609 |
| Net margin | 17.9% | 18.0% | 21.4% | 20.8% | 19.6% | 15.9% | 21.6% | 17.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹12,143 Crup 16.87%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,362 Crup 18.09%
- Net margin
- 19.4%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,458what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹351 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,190what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹79 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,697 | 5,191 | 4,360 | 6,171 | 7,772 | 9,000 | 10,391 | 12,143 |
| Net profit | 736 | 712 | 743 | 706 | 635 | 801 | 1,228 | 1,721 | 2,000 | 2,362 |
| Net margin | 13.5% | 13.7% | 13.0% | 13.6% | 14.6% | 13.0% | 15.8% | 19.1% | 19.2% | 19.4% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- EnginesEngines, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹11,950 Crup 16.93%79.9%
- LubesLubes, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,009 Crup 27.92%20.1%
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
At or below today's level on 86% of 2,478 trading days over the last 10 years.
At or below today's level on 82% of 1,979 trading days since Nov 2018.
At or below today's level on 42% of 2,478 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 8
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 123
- CutCut. Funds that held fewer shares than at the end of the month before.
- 76
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 146
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 18
| Fund | |||
|---|---|---|---|
| 38,98,769 | 1.82% | ₹1,855.8 Cr | |
| 17,12,505 | 1.07% | ₹815.2 Cr | |
| 13,01,600 | 0.82% | ₹619.6 Cr | |
| 12,61,600 | 1.90% | ₹600.5 Cr | |
| 12,00,000 | 1.14% | ₹571.2 Cr | |
| 11,76,328 | 1.67% | ₹559.9 Cr | |
| 9,36,600 | 1.25% | ₹445.8 Cr | |
| 7,85,928 | 0.74% | ₹374.1 Cr | |
| 7,45,275 | 4.46% | ₹354.8 Cr | |
| 6,97,000 | 2.39% | ₹331.8 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 27,480 | 50.94 | 7.59 | +22.7% | +14.4% | 16.1% | 13.6% | 0.37% | |
| 16,538 | 36.92 | 7.41 | +15.9% | +23.4% | 21.9% | 19.8% | 0.52% | |
| 12,444 | 46.52 | 20.21 | +8.3% | +1.1% | 43.7% | 54.1% | 1.90% | |
| 12,320 | 32.76 | 4.80 | +10.8% | – | 15.7% | 16.3% | 0.45% | |
| 11,469 | 46.72 | 6.76 | +4.6% | −4.4% | 15.2% | 16.9% | 0.67% | |
| 6,962 | 26.84 | 5.40 | +9.1% | +38.8% | 21.4% | 24.6% | 1.12% | |
| 4,514 | 28.19 | 2.53 | +15.8% | −60.1% | 9.4% | 9.5% | 0.27% | |
| 4,232 | 42.40 | 2.96 | +21.2% | +23.0% | 7.0% | 7.0% | 1.10% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 17 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹46.00 |
| 11 Feb 2026 | Interim | ₹20.00 |
| 18 Jul 2025 | Final | ₹33.50 |
| 14 Feb 2025 | Interim | ₹18.00 |
| 19 Jul 2024 | Final | ₹20.00 |
| 21 Feb 2024 | Interim | ₹18.00 |
Latest announcements
Routine notices left out.Cummins India announcements
Oct 2026
15 Oct · Meeting
8 Oct · Board meeting
Sep 2026
29 Sep · Legal
Cummins India share price by year
Each calendar year to 2025.Cummins India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 4,434.40 | +35.4% | 4,600.20 | 2,690.30 |
| 2024 | 3,274.00 | +66.7% | 4,134.00 | 1,957.95 |
| 2023 | 1,963.95 | +42.3% | 2,027.15 | 1,382.15 |
| 2022 | 1,380.40 | +46.6% | 1,523.00 | 896.10 |
| 2021 | 941.80 | +63.9% | 1,047.30 | 581.35 |
| 2020 | 574.55 | +4.3% | 612.05 | 287.15 |
| 2019 | 550.85 | −35.2% | 877.70 | 520.70 |
| 2018 | 849.70 | −5.8% | 972.95 | 624.40 |
| 2017 | 901.90 | +10.2% | 1,066.05 | 805.25 |
| 2016 | 818.75 | −20.5% | 1,038.80 | 756.15 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 4,322.60 | 4,385.50 | 4,290.30 | 4,385.50 | 4,341.90 | 2,52,610 | 53.8% |
| 23 Oct 2026 | 4,380.00 | 4,380.00 | 4,245.60 | 4,344.20 | 4,306.49 | 4,64,796 | 53.9% |
| 22 Oct 2026 | 4,366.70 | 4,488.40 | 4,359.20 | 4,460.00 | 4,448.96 | 5,79,384 | 58.9% |
| 21 Oct 2026 | 4,635.10 | 4,639.20 | 4,395.20 | 4,440.00 | 4,453.16 | 4,48,464 | 61.0% |
| 19 Oct 2026 | 4,608.00 | 4,645.40 | 4,586.90 | 4,612.00 | 4,608.30 | 2,18,940 | 55.9% |
| 16 Oct 2026 | 4,653.60 | 4,662.00 | 4,591.20 | 4,608.00 | 4,624.56 | 5,54,541 | 64.7% |
| 15 Oct 2026 | 4,722.10 | 4,734.80 | 4,620.10 | 4,639.00 | 4,652.69 | 4,84,045 | 55.6% |
| 14 Oct 2026 | 4,828.00 | 4,828.00 | 4,754.00 | 4,792.90 | 4,786.93 | 2,94,916 | 57.9% |
| 13 Oct 2026 | 4,821.00 | 4,834.60 | 4,738.50 | 4,834.60 | 4,784.77 | 3,01,745 | 57.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 20 Sep 2011 | Bonus | 0.7143 | Holders received 2 bonus shares for every 5 held. |
Company details
- NSE symbol
- CUMMINSIND
- BSE code
- 500480
- ISIN
- INE298A01020
- Industry
- Industrial Products
- Former symbols
- KIRLOSKCUM
- Website
- www.cumminsindia.com
- 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