Cummins India Key Ratios

Stock Card

NSE: CUMMINSIND | BSE: 500480

₹5,124.00

₹-69.00 (-1.33%)

As on 31-Aug-2026 10:24IST

Market cap

₹1,43,728 Cr

Revenue (TTM)

₹12,662 Cr

P/E Ratio

60.7

P/B Ratio

Div. Yield

1.3 %

Key Ratios and Highlights

Growth Score (%)	Quarterly		Annual (TTM)
Particulars	QoQ	YoY	1-Year	3-Years	5-Years
Revenue	13.78	17.86	15.30	15.14	20.17
EBIT	-4.65	-2.08	16.79	24.65	31.76
Net Profit	-2.05	2.69	14.89	20.94	27.70
EPS	-6.18	0.89	10.55	19.60	23.35
Book Value	--	--	12.08	13.75	12.75

Key Ratios (%)	Average		Annual (TTM)
Particulars	3-Years	5-Years	TTM	Mar-26	Mar-25
EBIT-Margin	18.60	16.41	18.83	19.72	18.23
Net Margin	17.64	17.04	15.75	18.65	18.45
Return on equity	29.65	25.42	29.91	29.45	28.22
Return on Capital	38.39	32.30	--	38.64	36.55
Return on Assets	21.57	18.78	19.34	22.00	20.90
Debt to Equity (x)	--	--	0.00	0.00	0.00

Profitability

View Detailed Peer Comparison

ROCE

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	38.64	36.55	34.82	27.60	23.88
Peer Median	--	28.73	44.34	65.51	60.94	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

ROE

29.91

Higher than Peers by 14.54

Profit after tax / Average Net worth * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	29.91	29.45	28.22	27.82	22.53	19.06
Peer Median	15.37	21.04	32.88	57.55	146.30	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

ROA

19.34

Higher than Peers by 12.66

Profit after tax / Average Total assets * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	19.34	22.00	20.90	20.38	16.34	14.29
Peer Median	6.67	9.65	6.25	20.43	17.34	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EBIT Margin

18.83

Higher than Peers by 10.74

Operating profit (EBIT) / Net Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	18.83	19.72	18.23	17.88	14.21	12.01
Peer Median	8.09	14.37	13.71	12.72	11.34	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Net Margin

15.75

Higher than Peers by 9.00

Net profit / Total Income (Net sales plus other income) * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	15.75	18.65	18.45	18.34	15.20	14.53
Peer Median	6.75	11.78	17.12	11.31	11.40	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Cash Profit Margin

(Net profit + Depreciation) / Gross Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	20.68	20.60	20.55	17.21	17.33
Peer Median	--	--	--	--	--	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Growth

View Detailed Peer Comparison

Revenue Growth

15.30

Lower than Peers by 6.73

Year on year growth in net sales

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	15.30	16.87	15.45	15.80	25.95	41.53
Peer Median	22.03	40.17	21.24	15.40	43.04	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EBIT Growth

16.79

Lower than Peers by 103.30

Year on year growth in operating profit (EBIT)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	16.79	26.40	17.70	45.75	48.98	63.81
Peer Median	120.09	128.85	-10.63	14.01	129.34	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Net Profit Growth

14.89

Lower than Peers by 134.50

Year on year growth in profit after tax

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	14.89	18.09	16.24	40.10	31.53	47.04
Peer Median	149.39	127.73	-7.20	9.39	-42.93	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EPS Growth

10.55

Lower than Peers by 140.63

Year on year growth in earnings per share

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	10.55	18.09	16.24	40.10	31.53	47.04
Peer Median	151.18	131.31	-40.60	--	100.00	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Book Value Growth

Year on year growth in book value per share

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	12.08	14.35	14.83	11.92	10.61
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Solvency

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Debt to Equity

Total debt / Net worth

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	--	--	0.02	0.06	0.08
Peer Median	--	--	--	--	0.36	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Short term debt to equity ratio

(Short term borrowings / Net worth)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	--	--	0.02	0.06	0.08
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Current Ratio

3.32

Higher than Peers by 1.69

Current Assets / Current Liabilities and Provisions

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	3.32	3.32	3.10	2.89	2.70	2.53
Peer Median	1.63	1.55	1.14	1.44	0.86	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Quick Ratio

2.85

Higher than Peers by 1.44

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	2.85	2.84	2.65	2.43	2.22	2.11
Peer Median	1.40	1.33	1.02	1.35	1.02	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Interest Coverage

205.78

Higher than Peers by 190.22

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	205.78	249.67	164.58	81.46	98.99	100.26
Peer Median	15.56	48.62	166.29	36.57	10.22	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

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Debtors to sales

21.75

Lower than Peers by 9.59

Debtors outstanding / Net Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	21.75	22.68	21.92	23.17	20.55	20.39
Peer Median	31.34	20.88	9.12	19.07	16.96	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Asset Turnover

1.18

Higher than Peers by 0.21

Sales / Average Total Assets

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	1.18	1.15	1.11	1.08	1.06	0.94
Peer Median	0.97	0.89	0.40	1.57	1.37	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Receivable days

Average Debtors / Sales * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	74.19	75.07	73.46	65.44	69.39
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Inventory Days

Average Inventory / Sales * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	32.03	33.61	36.97	37.61	38.50
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Payable days

Average Creditors / Cost of goods sold * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	76.56	82.35	80.90	75.10	76.90
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Cash Conversion Cycle

Receivable Days + Inventory Days - Payable Days

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	--	29.65	26.33	29.52	27.95	30.98
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Valuation

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Price / Earnings

60.72

Lower than Peers by 68.50

Current share price divided by earning per share in the last twelve months

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	60.72	52.82	42.27	48.46	36.77	33.36
Peer Median	129.22	129.22	48.87	75.42	42.81	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Price / Book Value

15.98

Lower than Peers by 11.20

Current share price divided by book value per share in the latest financial year

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	15.98	14.72	11.18	12.61	7.84	6.06
Peer Median	27.17	27.17	12.68	35.58	30.27	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Dividend Yield

1.27

Higher than Peers by 1.25

Dividend per share in the past twelve months divided by current share price

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	1.27	1.47	1.69	1.26	1.53	1.65
Peer Median	0.02	0.02	0.66	0.18	--	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EV/EBITDA

45.48

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	45.48	39.32	32.46	38.17	28.36	26.63
Peer Median	--	123.78	68.62	117.38	75.10	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Market Cap

1,43,728

Lower than Peers by 4,921

Current Share price multiplied by latest total number of shares outstanding

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Cummins India	1,43,728	1,24,749	84,546	83,381	45,159	31,153
Peer Median	1,48,649	1,48,649	1,06,030	1,07,623	41,339	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.