Cummins India Limited

NSEI:CUMMINSIND Stock Report

Market Cap: ₹826.7b

Cummins India Future Growth

Future criteria checks 3/6

Cummins India is forecast to grow earnings and revenue by 9.1% and 11.7% per annum respectively. EPS is expected to grow by 9% per annum. Return on equity is forecast to be 22.9% in 3 years.

Key information

9.1%

Earnings growth rate

9.01%

EPS growth rate

Machinery earnings growth16.7%
Revenue growth rate11.7%
Future return on equity22.89%
Analyst coverage

Good

Last updated14 May 2025

Recent future growth updates

Recent updates

Subdued Growth No Barrier To Cummins India Limited's (NSE:CUMMINSIND) Price

Apr 21
Subdued Growth No Barrier To Cummins India Limited's (NSE:CUMMINSIND) Price

Is Cummins India (NSE:CUMMINSIND) A Risky Investment?

Feb 25
Is Cummins India (NSE:CUMMINSIND) A Risky Investment?

Is It Too Late To Consider Buying Cummins India Limited (NSE:CUMMINSIND)?

Jan 26
Is It Too Late To Consider Buying Cummins India Limited (NSE:CUMMINSIND)?

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

Earnings and Revenue Growth Forecasts

NSEI:CUMMINSIND - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2028138,39223,75018,227N/A1
3/31/2027138,39924,56918,352N/A19
3/31/2026120,91521,26415,340N/A19
3/31/2025105,44918,73713,553N/A18
12/31/2024102,39320,093N/AN/AN/A
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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CUMMINSIND's forecast earnings growth (9.1% per year) is above the savings rate (6.7%).

Earnings vs Market: CUMMINSIND's earnings (9.1% per year) are forecast to grow slower than the Indian market (15.4% per year).

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

Revenue vs Market: CUMMINSIND's revenue (11.7% per year) is forecast to grow faster than the Indian market (9.4% per year).

High Growth Revenue: CUMMINSIND's revenue (11.7% 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 (22.9%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/21 23:18
End of Day Share Price 2025/05/21 00:00
Earnings2024/12/31
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.

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 Github.

Analyst Sources

Cummins India Limited is covered by 60 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.
Vijayaraghavan SwaminathanAvendus Spark