Here is a data-driven look at Cummins India Ltd. (CUMMINSIND), covering financial performance, valuation, and shareholding trends.
Cummins India Revenue Trend
Cummins India Ltd. managed to grow its top line 16.9% in FY2026, with revenue hitting ₹12,143 Cr.
On a 10-year view, revenue grew at 8.7% per year from ₹5,252 Cr to ₹12,143 Cr. Respectable, though not in the high-growth bracket.
At ₹12,143 Cr in annual revenue, Cummins India Ltd. is one of the major players in the diesel engines space.
The consistency stands out: 5 consecutive years of growth in top-line revenue.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹12,143 Cr | +16.9% |
| FY2025 | ₹10,391 Cr | +15.4% |
| FY2024 | ₹9,000 Cr | +15.8% |
| FY2023 | ₹7,772 Cr | +25.9% |
| FY2022 | ₹6,171 Cr | — |
View Cummins India Ltd.'s full 10-year revenue trend with CAGR analysis →
Cummins India Profitability
A 18.1% improvement in net profit took Cummins India Ltd.'s bottom line to ₹2,362 Cr in FY2026.
Margins stayed in a tight range, with net profit margin at 19.4% in FY2026.
Diluted EPS came in at ₹85.20 for FY2026, up from ₹72.15 a year earlier.
Is Cummins India Undervalued
Cummins India Ltd. shares are currently trading at ₹5,550.00.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
Cummins India Shareholding Pattern
Promoter holding has remained stable at 51.0% over the past 4 quarters, indicating confidence in the company's direction.
FII holding stands at 21.2%, up from 18.4% in the year-ago quarter.
The DII stake stands at 19.2% as of June 2026, versus 21.8% in the year-ago period.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 51.0% | 21.2% | 19.2% | 8.7% |
| Mar 2026 | 51.0% | 20.8% | 19.6% | 8.7% |
| Dec 2025 | 51.0% | 19.4% | 20.7% | 8.9% |
| Sep 2025 | 51.0% | 18.4% | 21.8% | 8.8% |
Track quarterly shareholding changes for Cummins India Ltd. →
Cummins India Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2026 total assets: ₹113.04B (up 11.2% YoY from ₹101.68B).
Top categories: Other Assets (28.3%), Receivables (24.4%), Cash & ST Investments (18.1%).
Of the ₹113.04B in liabilities and equity, 75.0% is shareholder equity, 0.3% is interest-bearing debt, and 24.7% is operating liabilities. Over the year, debt is up 23.1% and equity is up 12.1%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 20.48B |
| Receivables | 27.54B |
| Inventories | 11.68B |
| Property, Plant & Equipment | 14.19B |
| Investments | 6.05B |
| Intangibles & Goodwill | 1.09B |
| Other Assets | 32.01B |
| Category | Value |
|---|---|
| Equity | 84.75B |
| Short-term Debt | 164.80M |
| Long-term Debt | 200.30M |
| Trade Payables | 16.50B |
| Other Liabilities | 11.43B |
Cummins India Stock Analysis
Bringing the key threads together for Cummins India Ltd. (CUMMINSIND) as a diesel engines investment opportunity.
Revenue of ₹12,143 Cr in FY2026, up 16.9% year-over-year.
Long-term revenue has been compounding at 8.7% annually over 10 years.
The company is profitable, with a net margin of 19.4% and net income of ₹2,362 Cr.
Unlock Full Analysis
See the full picture — Craytheon tracks 10 years of financial data with interactive charts, growth trends, and three valuation models for Cummins India Ltd..