Cummins India Limited

NSEI:CUMMINSIND Stock Report

Mkt Cap: ₹501.2b

Cummins India Financial Health

Financial Health criteria checks 6/6

Cummins India has a total shareholder equity of ₹57.6B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ₹79.2B and ₹21.6B respectively. Cummins India's EBIT is ₹14.1B making its interest coverage ratio 87.1. It has cash and short-term investments of ₹24.8B.

Key information

6.1%

Debt to equity ratio

₹3.50b

Debt

Interest coverage ratio87.1x
Cash₹24.77b
Equity₹57.58b
Total liabilities₹21.60b
Total assets₹79.19b

Recent financial health updates

Recent updates

Cummins India (NSE:CUMMINSIND) Is Paying Out A Larger Dividend Than Last Year

May 27
Cummins India (NSE:CUMMINSIND) Is Paying Out A Larger Dividend Than Last Year

If EPS Growth Is Important To You, Cummins India (NSE:CUMMINSIND) Presents An Opportunity

May 23
If EPS Growth Is Important To You, Cummins India (NSE:CUMMINSIND) Presents An Opportunity

Is Cummins India (NSE:CUMMINSIND) Using Too Much Debt?

Mar 15
Is Cummins India (NSE:CUMMINSIND) Using Too Much Debt?

Cummins India (NSE:CUMMINSIND) Will Pay A Larger Dividend Than Last Year At ₹12.00

Feb 11
Cummins India (NSE:CUMMINSIND) Will Pay A Larger Dividend Than Last Year At ₹12.00

Should You Be Adding Cummins India (NSE:CUMMINSIND) To Your Watchlist Today?

Jan 31
Should You Be Adding Cummins India (NSE:CUMMINSIND) To Your Watchlist Today?

Investors Met With Slowing Returns on Capital At Cummins India (NSE:CUMMINSIND)

Jan 18
Investors Met With Slowing Returns on Capital At Cummins India (NSE:CUMMINSIND)

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

Dec 04
Is Cummins India (NSE:CUMMINSIND) A Risky Investment?

Returns At Cummins India (NSE:CUMMINSIND) Appear To Be Weighed Down

Oct 10
Returns At Cummins India (NSE:CUMMINSIND) Appear To Be Weighed Down

Should You Be Adding Cummins India (NSE:CUMMINSIND) To Your Watchlist Today?

Sep 24
Should You Be Adding Cummins India (NSE:CUMMINSIND) To Your Watchlist Today?

Is Now An Opportune Moment To Examine Cummins India Limited (NSE:CUMMINSIND)?

Sep 10
Is Now An Opportune Moment To Examine Cummins India Limited (NSE:CUMMINSIND)?

Cummins India (NSE:CUMMINSIND) Is Increasing Its Dividend To ₹10.50

Jul 18
Cummins India (NSE:CUMMINSIND) Is Increasing Its Dividend To ₹10.50

We Think Cummins India (NSE:CUMMINSIND) Can Manage Its Debt With Ease

Jul 02
We Think Cummins India (NSE:CUMMINSIND) Can Manage Its Debt With Ease

Cummins India (NSE:CUMMINSIND) Is Increasing Its Dividend To ₹10.50

May 29
Cummins India (NSE:CUMMINSIND) Is Increasing Its Dividend To ₹10.50

Returns On Capital At Cummins India (NSE:CUMMINSIND) Have Hit The Brakes

May 18
Returns On Capital At Cummins India (NSE:CUMMINSIND) Have Hit The Brakes

With EPS Growth And More, Cummins India (NSE:CUMMINSIND) Is Interesting

Mar 30
With EPS Growth And More, Cummins India (NSE:CUMMINSIND) Is Interesting

At ₹1,027, Is Cummins India Limited (NSE:CUMMINSIND) Worth Looking At Closely?

Mar 16
At ₹1,027, Is Cummins India Limited (NSE:CUMMINSIND) Worth Looking At Closely?

Cummins India's (NSE:CUMMINSIND) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 12
Cummins India's (NSE:CUMMINSIND) Shareholders Will Receive A Bigger Dividend Than Last Year

Returns At Cummins India (NSE:CUMMINSIND) Appear To Be Weighed Down

Feb 11
Returns At Cummins India (NSE:CUMMINSIND) Appear To Be Weighed Down

Cummins India (NSE:CUMMINSIND) Could Easily Take On More Debt

Dec 27
Cummins India (NSE:CUMMINSIND) Could Easily Take On More Debt

Should You Think About Buying Cummins India Limited (NSE:CUMMINSIND) Now?

Dec 07
Should You Think About Buying Cummins India Limited (NSE:CUMMINSIND) Now?

Cummins India (NSE:CUMMINSIND) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 03
Cummins India (NSE:CUMMINSIND) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Are Cummins India Limited (NSE:CUMMINSIND) Investors Paying Above The Intrinsic Value?

Oct 22
Are Cummins India Limited (NSE:CUMMINSIND) Investors Paying Above The Intrinsic Value?

Cummins India (NSE:CUMMINSIND) Could Be Struggling To Allocate Capital

Sep 23
Cummins India (NSE:CUMMINSIND) Could Be Struggling To Allocate Capital

Cummins India (NSE:CUMMINSIND) Seems To Use Debt Rather Sparingly

Sep 05
Cummins India (NSE:CUMMINSIND) Seems To Use Debt Rather Sparingly

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

Aug 17
I Ran A Stock Scan For Earnings Growth And Cummins India (NSE:CUMMINSIND) Passed With Ease

Should You Think About Buying Cummins India Limited (NSE:CUMMINSIND) Now?

Jul 02
Should You Think About Buying Cummins India Limited (NSE:CUMMINSIND) Now?

Investors Could Be Concerned With Cummins India's (NSE:CUMMINSIND) Returns On Capital

Jun 15
Investors Could Be Concerned With Cummins India's (NSE:CUMMINSIND) Returns On Capital

Looking For Steady Income For Your Dividend Portfolio? Is Cummins India Limited (NSE:CUMMINSIND) A Good Fit?

May 09
Looking For Steady Income For Your Dividend Portfolio? Is Cummins India Limited (NSE:CUMMINSIND) A Good Fit?

These 4 Measures Indicate That Cummins India (NSE:CUMMINSIND) Is Using Debt Reasonably Well

Mar 29
These 4 Measures Indicate That Cummins India (NSE:CUMMINSIND) Is Using Debt Reasonably Well

Will Cummins India (NSE:CUMMINSIND) Multiply In Value Going Forward?

Mar 11
Will Cummins India (NSE:CUMMINSIND) Multiply In Value Going Forward?

Investors Who Bought Cummins India (NSE:CUMMINSIND) Shares A Year Ago Are Now Up 39%

Feb 22
Investors Who Bought Cummins India (NSE:CUMMINSIND) Shares A Year Ago Are Now Up 39%

It Might Not Be A Great Idea To Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend

Feb 04
It Might Not Be A Great Idea To Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend

Zooming in on NSE:CUMMINSIND's 2.2% Dividend Yield

Jan 29
Zooming in on NSE:CUMMINSIND's 2.2% Dividend Yield

Don't Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend Without Doing These Checks

Aug 12
Don't Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend Without Doing These Checks

It Might Not Be A Great Idea To Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend

Aug 12
It Might Not Be A Great Idea To Buy Cummins India Limited (NSE:CUMMINSIND) For Its Next Dividend

Is Cummins India (NSE:CUMMINSIND) Using Too Much Debt?

Jul 26
Is Cummins India (NSE:CUMMINSIND) Using Too Much Debt?

Investors In Cummins India Limited (NSE:CUMMINSIND) Should Consider This, First

Jun 23
Investors In Cummins India Limited (NSE:CUMMINSIND) Should Consider This, First

Financial Position Analysis

Short Term Liabilities: CUMMINSIND's short term assets (₹51.0B) exceed its short term liabilities (₹18.9B).

Long Term Liabilities: CUMMINSIND's short term assets (₹51.0B) exceed its long term liabilities (₹2.7B).


Debt to Equity History and Analysis

Debt Level: CUMMINSIND has more cash than its total debt.

Reducing Debt: CUMMINSIND's debt to equity ratio has reduced from 6.2% to 6.1% over the past 5 years.

Debt Coverage: CUMMINSIND's debt is well covered by operating cash flow (234.2%).

Interest Coverage: CUMMINSIND's interest payments on its debt are well covered by EBIT (87.1x coverage).


Balance Sheet


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