Obermatt

Cummins India

NSI:CUMMINSIND · INE298A01020
MachineryLarge

360

55
EV / EBIT1
Price / Owner Earnings1
Owner Earnings Yield14
Dividend Yield77
Price/Sales3
EV / Gross Profit2
Price/Book1
Return on Capital99
Cash Return on Capital96
Return on Equity88
EBIT Margin95
Gross Profitability94
Cash Conversion15
Owner Earnings Margin96
Sales growth77
Profit Growth47
Long-Term EPS Growth58
Reinvestment36
Price momentum82
Debt load97
Refinancing11
Debt Payback100
Liquidity100
Analyst ratings12
Opinion Changes70
Price Target Upside6
Market mood81
Value Creation17/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Cummins India generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryUSA
IndustryMachinery
SizeLarge
TypePublic Company
ExchangeBSE
Founded1962
Employees4,527
ISININE298A01020
Last UpdateApr 2, 2026
Index & Theme
Industrial AutomationFuel CellsEnergy StorageElectric VehiclePower GridMarine TransportationCleanTechManufacturingProduct Design

Description

Cummins India Limited engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies. The company is a subsidiary of Cummins Inc. Business Strategy The company has established itself as a signific…

Analysis

Beloved champion

Cummins India Limited is a beloved champion: its quality is genuine, and the market already prices it as exceptional. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 61.3× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 21% yearly growth; analysts expect 16%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is moderate and the balance sheet is sturdy. The company scores 17/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
45
2023202420252026

All-time high

78

Jan 2025

All-time low

45

Jun 2026

Average rank

64

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
3
16
20
25
Price/Earnings
3
27
34
36
Price/Book
1
8
18
30
Dividend Yield
77
60
60
58
Value (overall)
14
27
29
31

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →