Cummins India Ltd.
Snapshot View

1001.80 +10.35 ▲1.0%

20 May 2022, 11:58:59 AM
Volume: 291,625

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Diesel Engines Compare with Industry peers
Website http://www.cumminsindia.com
Market Cap 27,453.89 Cr.
Enterprise Value(EV) 26,426.28 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 31.96 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 30.95 Trailing Twelve Months Ending 2021-12
Industry PE 34.07 Trailing Twelve Months Ending 2021-12
Book Value / Share 191.70 Trailing Twelve Months Ending 2021-12
Price to Book Value 5.16 Calculated using Price: 989.20
Dividend Yield 1.51 Period Ending 2021-03
No. of Shares Subscribed 27.72 Cr. 277,200,000 Shares
FaceValue 2
Company Profile

Cummins India Limited is the country’s leading manufacturer of diesel and natural gas engines. One of the seven legal entities of the Cummins Group in India, Cummins India Limited comprises three business units - Engine, Power Systems, and Distribution.

Business area of the company

The company is engaged in the business of manufacturing, trading and selling of engines and allied activities.

Business units

  • Engine: The Engine Business manufactures engines from 60 HP for low, medium and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor.  
  • Power Systems: The Power Systems Business designs and manufactures high horsepower engines from 700 HP to 4500 HP for marine, railways, defense and mining applications as well as power generation systems comprising of integrated generator sets in the range of 7.5 kVA to 3750 kVA including transfer switches, paralleling switchgear and controls for use in standby, prime and continuous rated systems.
  • Distribution: The Distribution Business provides products, packages, services and solutions for uptime of Cummins equipment.

Products and Services

  • Engines
  • Generators & Power Systems
  • Components
  • Electrified Power

Awards

2011

  • Won the BG Deshmukh Award from Mahratha Chamber of Commerce, Industries and Agriculture (MCCIA), Pune for its efforts towards Corporate Social Responsibility in 2011 and 2013
  • Ranjangaon plant of Cummins Generator Technologies India received a Gold Rating from Indian Green Building Council (IGBC)
  • Confederation of Indian Industry (CII) presented Cummins India with the 11th National Award for ‘Excellence in Energy Management 2010’ for the rural electrification project

2012

  • Cummins India named Best Employer for Women in Corporate India by the WILL Forum
  • Cummins received the Engineering Export Promotion Council’s National Award in the category of ‘Engines, Turbines and Parts: Large Enterprise’ for the 24th successive year

2013

  • Tata Cummins - Jamshedpur named a Silver award winner for the automotive sector at the 14th Annual Greentech Awards

2014

  • Cummins India ranked 29th on the list of ‘Best Companies for CSR in India’ by the Economic Times
  • The ‘Water Neutrality’ and ‘Model Village’ programs by Cummins were presented the ‘Best Project Award’ under Lakshya’s Corporate Social Responsibility initiative - Sparsha

2015

  • Cummins India ranked 16th on the list of ‘Best Companies for CSR in India’ by the Economic Times
  • The ‘Water Neutrality’ and ‘Model Village’ programs by Cummins were presented the ‘Best Project Award’ under Lakshya’s Corporate Social Responsibility initiative - Sparsha

2016

  • Three Six Sigma projects won accolades at the Lean and Six Sigma Excellence Awards (LSSEA)
  • CII National Award for the categories of ‘Safety’ and ‘Energy and Cost’ to Cummins India Power Systems Exports Plant 
  • Frost & Sullivan India Manufacturing Excellence Award (IMEA) for 'Reduction of testing KWh per engine by 20% with respect to 2015'

2017

  • Cummins India wins ‘Significant Achievement in Corporate Responsibility’ award at the CII-ITC Sustainability Awards.

2018

  • Cummins India wins ‘Significant Achievement in Corporate Responsibility’ award at the CII-ITC Sustainability Awards. 
  • Cummins India wins Golden Peacock for Business Excellence 2019

2019

  • Global Analytics Center (GAC) India center wins the NASSCOM Global Capability Center Award 2019 at GCC Conclave
  • TATA Cummins Jamshedpur wins Kaizen National Award in the category of 'Innovations’
  • Cummins India wins ‘Excellence in Quality’ and ‘Excellence in Human Resources’ awards by Manufacturing Today
  • Cummins India wins Golden Peacock for Business Excellence 2019

Milestones

  • 1962: Erstwhile Cummins Engine Company Inc. (CECO), U.S.A and Kirloskar Oil Engines Limited (KOEL) established a joint venture with 50% ownership by CECO, 25.50% by KOEL and 24.50% floated on the Bombay Stock Exchange
  • 1987: Formed a 50:50 joint venture named Fleetguard Filters Private Limited between Cummins Filtration Inc. and Perfect Sealing Systems Private Limited
  • 1989: Formed a 51:49 joint venture between Newage (now Cummins Generator Technologies) and Crompton Greaves to design and manufacture alternators for generators
  • 1991: Cummins Diesel India Foundation collaborates with Maharshi Karve Stree Shikshan Samstha (MKSSS) to set up the first all women engineering college in India. The College is named Cummins College of Engineering for Women (CCEW).
  • 1993: Formed Tata Cummins as a 50:50 joint venture between Cummins Engine Company Inc. and Tata Engineering and Locomotive Company (TELCO) to serve the medium and heavy commercial vehicle market.
  • 1995: Tata Group and Holset (now Cummins Turbo Technologies) form Tata Holset, a 50:50 joint venture to design and manufacture turbochargers
  • 1997: Cummins Inc. increases its stake in Kirloskar Cummins to 51%, Kirloskar Oil Engines largely divests its stake and Cummins India Ltd. is incorporated with the other 49% ownership floated on the Bombay Stock Exchange.
  • 1998: Valvoline Cummins, a 50:50 joint venture between Ashland Inc. and Cummins India Limited is formed to manufacture lubricants
  • 2003: Cummins Research and Technologies Incorporated is formed as a 50:50 joint venture between Cummins Inc. and Cummins India Ltd. to provide Analysis Led Design engineering services to all of Cummins globally
  • 2011: Cummins Megasite is inaugurated. Three plants become operational - the second plant of Tata Cummins Limited, High Horsepower Rebuild Center and ReCon India. The fourth plant on the Megasite, India Parts Distribution Center becomes operational later in the year.
  • 2011: Cummins SVAM Sales and Service Ltd., a 50:50 joint venture dealership between Cummins India Ltd. and SVAM is incorporated.
  • 2014: Cummins India Office Campus, the first integrated ten acre office campus is inaugurated to accommodate office employees across all the group entities in India.
  • 2014: Eighth project at the Megasite and the third facility of Tata Cummins Ltd., commences operations.
  • 2018: Inaugurated Cummins Technical Center India (CTCI)
  • 2018: Established Power Systems Plant at Pirangut
  • 2019: Cummins Launches New Ignition Protected Marine Generator
  • 2020: Cummins expands range of ignition-protected marine generators

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.04%
1 Week
+0.15%
1 Month
-9.11%
3 Month
+2.77%
6 Month
+9.44%
1 Year
+18.07%
2 Year
+200.57%
5 Year
+2.97%
10 Year
+132.01%
9 years 2008-03 2009-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 26.52 32.75 33.12 18.76 17.52 15.67 15.47 13.43 11.53
Return on Capital Employed (%) 37.96 44.76 40.67 24.14 22.24 20.14 22.14 14.89 15.24
Return on Assets (%) 16.97 20.89 17.42 11.35 13.27 11.46 11.04 9.52 8.59

Balance Sheet View Details

Particulars 10 years 2008-03 Rs. Cr. 2009-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 1,234 1,485 3,089 3,609 3,871 4,119 4,283 4,402 4,651 4,891
Non Curr. Liab. 19 5 2,020 151 127 140 243 226 196 208
Curr. Liab. 721 799 1,298 902 1,216 1,456 1,534 1,568 1,109 1,327
Minority Int.
Equity & Liab. 1,974 2,288 6,407 4,662 5,214 5,715 6,060 6,196 5,956 6,426
Non Curr. Assets 482 450 3,862 2,372 2,526 2,485 2,632 2,814 2,701 2,663
Curr. Assets 1,492 1,838 2,545 2,291 2,688 3,230 3,429 3,382 3,256 3,764
Misc. Exp. not W/O
Total Assets 1,974 2,288 6,407 4,662 5,214 5,715 6,060 6,196 5,956 6,426

Profit Loss View Details

Particulars 10 years 2008-03 Rs. Cr. 2009-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 2,692 3,559 4,916 4,720 5,106 5,112 5,697 5,191 4,360 5,925
Other Income 106 122 208 120 144 162 240 259 275 234
Total Income 2,797 3,681 5,124 4,841 5,251 5,274 5,937 5,450 4,635 6,160
Total Expenditure -2,318 -3,029 -4,101 -3,950 -4,305 -4,380 -4,833 -4,603 -3,779 -5,076
PBIDT 479 651 1,023 891 946 894 1,104 847 856 1,084
Interest -3 -3 -2 -10 -17 -15 -17 -21 -17 -11
Depreciation -38 -48 -86 -81 -85 -94 -111 -121 -127 -132
Taxation -140 -174 -177 -171 -188 -215 -326 -102 -190 -278
Exceptional Items 19 56 -20 132
PAT 299 445 757 628 655 626 650 583 522 796
Minority Interest
Share Associate 26 18 15 93 81 86 93 122 113 90
Other Related Items
Consolidated Net Profit 325 463 772 721 736 712 743 706 635 886
Adjusted EPS 12 17 28 26 27 26 27 25 23 32

Cash Flow View Details

Particulars 7 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 589 696 748 632 553 601 789
Cash Fr. Inv. -146 -212 -487 -134 16 -214 15
Cash Fr. Finan. -444 -471 -226 -470 -525 -412 -873
Net Change -1 12 35 28 44 -25 -69
Cash & Cash Eqvt 87 85 124 152 195 181 122

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00
Public 49.00 49.00 49.00 49.00 49.00 49.00 49.00 49.00 49.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 17 May 2022
General updates
Cummins India Limited has informed the Exchange about Intimation Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Regarding Implementation Of Voluntary Retirement Scheme.
Mon, 16 May 2022
General updates
Cummins India Limited has informed the Exchange about Intimation Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Regarding Implementation Of Voluntary Retirement Scheme.
Fri, 13 May 2022
Loss of share certificate
Cummins India Limited has informed the Exchange about Loss of share certificate

Technical Scans View Details

Thu, 19 May 2022
Close Crossing Last Month Low Close Crossing Last Month Low
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week High Zone Close Within 52 Week High Zone
High Decrease 1 Month High Decrease 1 Month
High Increase 2 Years High Increase 2 Years

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