Cummins India Limited

NSEI:CUMMINSIND Stock Report

Market Cap: ₹879.9b

Cummins India Future Growth

Future criteria checks 3/6

Cummins India is forecast to grow earnings and revenue by 9.7% and 13.7% per annum respectively. EPS is expected to grow by 9.9% per annum. Return on equity is forecast to be 24.8% in 3 years.

Key information

9.7%

Earnings growth rate

9.9%

EPS growth rate

Machinery earnings growth17.9%
Revenue growth rate13.7%
Future return on equity24.8%
Analyst coverage

Good

Last updated06 Jan 2025

Recent future growth updates

Recent updates

Cummins India (NSE:CUMMINSIND) Is Investing Its Capital With Increasing Efficiency

Dec 03
Cummins India (NSE:CUMMINSIND) Is Investing Its Capital With Increasing Efficiency

We Think That There Are Issues Underlying Cummins India's (NSE:CUMMINSIND) Earnings

Nov 15
We Think That There Are Issues Underlying Cummins India's (NSE:CUMMINSIND) Earnings

Should You Investigate Cummins India Limited (NSE:CUMMINSIND) At ₹3,370?

Oct 26
Should You Investigate Cummins India Limited (NSE:CUMMINSIND) At ₹3,370?

Pinning Down Cummins India Limited's (NSE:CUMMINSIND) P/E Is Difficult Right Now

Aug 21
Pinning Down Cummins India Limited's (NSE:CUMMINSIND) P/E Is Difficult Right Now

We Take A Look At Why Cummins India Limited's (NSE:CUMMINSIND) CEO Has Earned Their Pay Packet

Aug 01
We Take A Look At Why Cummins India Limited's (NSE:CUMMINSIND) CEO Has Earned Their Pay Packet

Investors Shouldn't Overlook Cummins India's (NSE:CUMMINSIND) Impressive Returns On Capital

Jul 29
Investors Shouldn't Overlook Cummins India's (NSE:CUMMINSIND) Impressive Returns On Capital

Cummins India (NSE:CUMMINSIND) Has A Rock Solid Balance Sheet

Jul 12
Cummins India (NSE:CUMMINSIND) Has A Rock Solid Balance Sheet

We Ran A Stock Scan For Earnings Growth And Cummins India (NSE:CUMMINSIND) Passed With Ease

Jun 27
We Ran A Stock Scan For Earnings Growth And Cummins India (NSE:CUMMINSIND) Passed With Ease

Cummins India Limited's (NSE:CUMMINSIND) 27% Price Boost Is Out Of Tune With Earnings

May 21
Cummins India Limited's (NSE:CUMMINSIND) 27% Price Boost Is Out Of Tune With Earnings

Is There Now An Opportunity In Cummins India Limited (NSE:CUMMINSIND)?

Apr 02
Is There Now An Opportunity In Cummins India Limited (NSE:CUMMINSIND)?

Shareholders Would Enjoy A Repeat Of Cummins India's (NSE:CUMMINSIND) Recent Growth In Returns

Mar 18
Shareholders Would Enjoy A Repeat Of Cummins India's (NSE:CUMMINSIND) Recent Growth In Returns

Here's Why Cummins India (NSE:CUMMINSIND) Has Caught The Eye Of Investors

Mar 03
Here's Why Cummins India (NSE:CUMMINSIND) Has Caught The Eye Of Investors

Earnings Not Telling The Story For Cummins India Limited (NSE:CUMMINSIND) After Shares Rise 29%

Feb 18
Earnings Not Telling The Story For Cummins India Limited (NSE:CUMMINSIND) After Shares Rise 29%

Cummins India's (NSE:CUMMINSIND) Dividend Will Be Increased To ₹18.00

Feb 10
Cummins India's (NSE:CUMMINSIND) Dividend Will Be Increased To ₹18.00

Earnings and Revenue Growth Forecasts

NSEI:CUMMINSIND - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2027138,70824,50017,73419,59118
3/31/2026119,88821,31914,92516,79621
3/31/2025102,81118,42713,71415,19921
9/30/202496,84619,49810,29712,519N/A
6/30/202490,97518,295N/AN/AN/A
3/31/202490,00217,2069,97212,853N/A
12/31/202386,15015,306N/AN/AN/A
9/30/202382,58714,4559,40711,863N/A
6/30/202382,94413,837N/AN/AN/A
3/31/202377,72112,2826,5808,197N/A
12/31/202273,40410,955N/AN/AN/A
9/30/202268,9909,3087,3758,807N/A
6/30/202266,7198,849N/AN/AN/A
3/31/202261,7099,3376,0767,119N/A
12/31/202159,2518,860N/AN/AN/A
9/30/202156,1248,7686,4227,550N/A
6/30/202150,5228,290N/AN/AN/A
3/31/202143,6016,3506,7247,887N/A
12/31/202041,6636,367N/AN/AN/A
9/30/202041,9165,9631,9803,454N/A
6/30/202043,4266,061N/AN/AN/A
3/31/202051,9157,0563,4256,007N/A
12/31/201954,7826,917N/AN/AN/A
9/30/201955,3626,8931,1844,905N/A
6/30/201957,1217,110N/AN/AN/A
3/31/201956,9737,4262,7025,532N/A
3/31/201851,1197,118N/A6,319N/A
3/31/201751,0647,363N/A7,482N/A
3/31/201647,8297,213N/A6,955N/A
12/31/201547,9247,781N/AN/AN/A
9/30/201547,2867,808N/AN/AN/A
6/30/201546,7507,846N/AN/AN/A
3/31/201549,6437,720N/A5,895N/A
12/31/201442,4047,372N/AN/AN/A
9/30/201441,8407,034N/AN/AN/A
6/30/201439,8076,458N/AN/AN/A
3/31/201439,7676,000N/A3,611N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CUMMINSIND's forecast earnings growth (9.7% per year) is above the savings rate (6.7%).

Earnings vs Market: CUMMINSIND's earnings (9.7% per year) are forecast to grow slower than the Indian market (18.1% per year).

High Growth Earnings: CUMMINSIND's earnings are forecast to grow, but not significantly.

Revenue vs Market: CUMMINSIND's revenue (13.7% per year) is forecast to grow faster than the Indian market (10.6% per year).

High Growth Revenue: CUMMINSIND's revenue (13.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CUMMINSIND's Return on Equity is forecast to be high in 3 years time (24.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 13:56
End of Day Share Price 2025/01/07 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cummins India Limited is covered by 58 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dhruv JainAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.