Cummins IndiaNSE: CUMMINSINDBSE: 500480Capital Goods · Compressors Pumps & Diesel Engines

₹5,519.00123.00 (2.28%)

Mkt Cap: ₹1.53 L Cr.
P/E (TTM): 63.47
Open: ₹5,463.00
Day's Range: ₹5,461.50 – ₹5,567.00
52W Range: ₹3,494.20 – ₹6,100.00
Div Yield: 1.23%
EPS (TTM): ₹85.26
Book Value: ₹305.74

Cummins India Financial Statements

Name: Cummins India Financials — historical data
Creator: StockeZee

For Mar 2026, Cummins India reported revenue of ₹12,143 crore and net profit of ₹2,362 crore. Return on equity stands at 30.20%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹12,143 Cr
EBITDA: ₹2,595 Cr
Operating margin: 21.37%
Profit after tax: ₹2,362 Cr
Net margin: 19.45%
EPS: ₹85.2
Latest year: Mar 2026
Years reported: 9

Cummins India profit & loss

Reported annual performance for Cummins India, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Cummins India annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	5,190	5,697	5,191	4,360	6,171	7,772	9,000	10,391	12,143
Sales Growth YoY %	—	9.77%	-8.88%	-16.01%	41.53%	25.95%	15.8%	15.45%	16.87%
Other Income	161	235	257	274	243	308	378	447	517
Total Income	5,352	5,932	5,449	4,634	6,414	8,080	9,378	10,838	12,661
Cost of Goods Sold (COGS)	3,264	3,620	3,372	2,764	4,107	5,223	5,771	6,595	7,669
Cost of Materials Consumed	2,517	2,689	2,588	2,330	3,574	4,568	4,813	5,911	6,964
Purchases of Stock-in-Trade	707	971	747	455	571	781	939	700	810
Changes in Inventories	41	-40	37	-21	-39	-127	18	-17	-106
Gross Profit	1,926	2,077	1,820	1,596	2,064	2,550	3,229	3,796	4,475
Gross Margin %	37.11%	36.46%	35.05%	36.62%	33.44%	32.8%	35.88%	36.53%	36.85%
Total Operating Expenses	1,193	1,208	1,230	1,014	1,176	1,302	1,460	1,716	1,880
Employee Benefit Expense	511	562	578	510	615	649	801	797	795
Other Expenses	682	646	653	505	561	653	658	918	1,085
EBITDA	733	869	589	582	888	1,248	1,770	2,080	2,595
OPM %	14.12%	15.25%	11.35%	13.35%	14.39%	16.05%	19.66%	20.02%	21.37%
Total Non-Operating Expenses	166	128	122	144	148	144	185	201	129
Depreciation & Amortisation	94	111	121	127	136	142	159	185	199
Finance Costs	15	17	21	17	12	16	27	16	12
Exceptional Items (Before Tax)	56	0	-20	0	0	-14	-2	0	-82
Profit Before Tax (PBT)	841	976	685	712	983	1,383	1,959	2,326	2,820
Tax Expense	215	326	102	190	273	363	484	593	724
Current Tax	205	307	159	188	258	357	495	597	719
Deferred Tax	10	19	-57	2	15	6	-11	-4	5
Effective Tax %	25.54%	33.42%	14.87%	26.69%	27.78%	26.25%	24.7%	25.49%	25.68%
Total Profit for Period	712	743	706	635	801	1,228	1,721	2,000	2,362
Less: Non-controlling Interests	349	0	0	0	0	0	0	0	0
Net Profit (Owner's PAT)	363	743	706	635	801	1,228	1,721	2,000	2,362
Net Profit Margin %	6.99%	13.03%	13.59%	14.56%	12.99%	15.8%	19.12%	19.25%	19.45%
PAT Growth YoY %	—	104.56%	-4.98%	-10%	26.2%	53.25%	40.1%	16.24%	18.09%
Earnings Per Share (EPS)	₹13.1	₹26.79	₹25.45	₹22.91	₹28.91	₹44.31	₹62.07	₹72.15	₹85.2
Diluted Shares Outstanding (Cr.)	28	28	28	28	28	28	28	28	28
Profit/Loss from Associates	86	93	122	113	91	208	245	267	266
Other Comprehensive Income (Net of Tax)	1	-12	-18	0	1	4	-18	-13	21
Expenses	4,511	4,956	4,764	3,922	5,431	6,697	7,419	8,512	9,841
Material Cost %	48.49%	47.19%	49.85%	53.43%	57.92%	58.77%	53.48%	56.89%	57.35%
Employee Cost %	9.85%	9.86%	11.13%	11.69%	9.96%	8.35%	8.9%	7.68%	6.54%
Other Cost %	13.14%	11.35%	12.57%	11.57%	9.09%	8.4%	7.31%	8.84%	8.94%
Interest Coverage (x)	42.04	45.2	22.29	27.14	61.88	68.08	58.78	119.56	193.1

Cummins India revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Cummins India balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Cummins India annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	4,283	4,402	4,651	5,145	5,758	6,612	7,561	8,475
Equity Share Capital	55	55	55	55	55	55	55	55
Reserves & Surplus	4,228	4,347	4,596	5,090	5,703	6,557	7,506	8,420
Equity Method Investments	220	251	267	314	410	463	550	602
Total Equity	4,283	4,402	4,651	5,145	5,758	6,612	7,561	8,475
Non-Current Liabilities	243	226	196	222	270	301	349	389
Deferred Tax Liabilities	140	77	79	94	101	87	86	96
Non-Current Provisions	75	95	75	83	105	121	163	209
Other Non-Current Liabilities	2	1	3	3	3	12	26	23
Non-Current Financial Liabilities	27	54	40	43	61	81	74	62
Current Liabilities	1,534	1,568	1,109	1,745	1,890	2,057	2,233	2,440
Short-term Borrowings	313	489	20	395	350	100	—	—
Trade Payables	825	697	731	1,000	1,154	1,409	1,567	1,650
Current Financial Liabilities	1,299	1,358	874	1,484	1,609	1,666	1,794	1,908
Other Current Financial Liabilities	161	172	122	90	105	158	226	258
Other Current Liabilities	65	52	87	114	145	227	270	292
Current Provisions	170	157	148	146	137	164	169	184
Liabilities Held for Sale	—	—	—	—	—	—	26	—
Current Tax Liabilities	—	—	—	—	—	—	—	56
Total Liabilities	1,777	1,794	1,305	1,967	2,160	2,358	2,607	2,829
Total Non-Current Assets	2,632	2,814	2,701	2,699	2,820	3,028	3,160	3,194
Property, Plant & Equipment (PPE)	1,284	1,231	1,168	1,188	1,169	1,195	1,292	1,368
Capital Work-in-Progress	159	80	79	60	41	95	78	77
Intangible Assets	3	2	1	42	38	130	136	109
Investment Property	728	1,037	1,020	979	1,019	977	935	907
Non-Current Investments	5	5	5	—	—	—	—	3
Other Non-Current Assets	213	178	98	104	131	152	147	90
Non-Current Financial Assets	24	34	19	11	12	14	15	21
Net Fixed Assets	1,446	1,313	1,248	1,290	1,248	1,420	1,507	1,554
Total Current Assets	3,425	3,368	3,236	4,411	5,097	5,940	6,921	8,107
Inventories	633	577	564	738	904	950	1,004	1,168
Trade Receivables	1,284	1,146	1,088	1,258	1,597	2,085	2,278	2,754
Cash & Cash Equivalents	195	181	122	177	397	300	235	500
Current Investments	243	781	327	578	1,048	1,178	932	1,548
Current Financial Assets	2,625	2,598	2,519	3,518	4,074	4,815	5,787	6,744
Other Current Assets	167	192	152	156	120	175	130	195
Other Current Financial Assets	361	217	139	255	43	39	67	67
Assets Held for Sale	4	14	20	2	1	3	88	4
Net Working Capital	1,891	1,800	2,127	2,667	3,207	3,883	4,688	5,667
Total Assets	6,060	6,196	5,956	7,112	7,919	8,971	10,168	11,304
Total Borrowings	313	489	20	395	350	100	—	—
Net Debt	117	308	-101	217	-47	-200	—	—
Debt to Equity (x)	0.07	0.11	0	0.08	0.06	0.02	—	—
Current Ratio (x)	2.23	2.15	2.92	2.53	2.7	2.89	3.1	3.32

Cummins India cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Cummins India annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	712	820	1,285	1,685	1,734
Profit Before Tax	983	1,383	1,959	2,326	2,820
Depreciation & Amortisation	136	142	159	185	199
Finance Costs	12	16	27	16	12
Working Capital Changes	-66	-256	-184	-80	-503
Tax Paid	-255	-352	-501	-565	-626
Net Cash from Investing Activities	-586	69	-268	-582	15
Purchase of PPE	-152	-162	-286	-238	-252
Sale of Fixed Assets	175	7	6	8	2
Interest Received	59	74	121	169	189
Net Cash from Financing Activities	-82	-687	-1,134	-1,168	-1,495
Proceeds from Borrowings	374	0	0	0	0
Repayment of Borrowings	0	-45	-250	-100	0
Interest Paid	-8	-13	-18	-6	-3
Dividend Paid	-444	-624	-859	-1,053	-1,483
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-5	-6	-7	-9	-9
Net Change in Cash	56	219	-97	-63	265
Effect of Foreign Exchange Changes	12	18	20	2	11
Free Cash Flow	560	658	999	1,447	1,483
CFO / PBT (x)	0.72	0.59	0.66	0.72	0.62

Cummins India key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Cummins India valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	63.47
Forward P/E	Valuation	48.44
P/B	Valuation	17.69
PEG (TTM)	Valuation	2.72
EV / EBITDA (TTM)	Valuation	40.85
P/S (TTM)	Valuation	12.32
Operating margin	Profitability	21.4%
Net margin (TTM)	Profitability	20.16%
Return on equity	Return ratios	30.2%
Return on capital employed	Return ratios	39.5%
Return on assets	Return ratios	16.96%
Beta	Leverage & liquidity	1.17
EPS (TTM)	Per share	₹85.26
Book value	Per share	₹305.74
Revenue / share (TTM)	Per share	₹406.07
Cash flow / share	Per share	₹62.56
Dividend yield	Shareholder returns	1.23%
Dividend payout (TTM)	Shareholder returns	62.27%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Cummins India: frequently asked questions

What is Cummins India's annual revenue?

Cummins India reported revenue of ₹12,143 crore in Mar 2026, up 16.9% on the previous financial year.

Is Cummins India profitable?

Cummins India reported a net profit of ₹2,362 crore in Mar 2026, up 18.1% on the previous financial year.

What is Cummins India's EPS?

Cummins India reported earnings per share of ₹85.2 for Mar 2026.

What is Cummins India's operating margin?

Cummins India's operating margin for Mar 2026 was 21.37%.

What is Cummins India's return on equity?

Cummins India's return on equity stands at 30.20%. ROE measures profit generated per rupee of shareholder equity.

How many years of Cummins India financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Cummins India Limited (CUMMINSIND) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.