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Cummins India

Gensets + industrial engines. 39.5% ROCE, 21% OPM, net cash, dominant data-centre genset share. The quality compounder of Indian capital goods.

Order book · Data-centre genset boom; CPCB-IV+ transition captured

Hold
₹5,510
Mkt cap ₹1.53 L Cr
P/E
62.9x
P/B
18.0x
ROCE
39.5%
ROE
30.2%
Div yield
1.21%
52W high
₹6,143
52W low
₹3,482
Promoter
51.0%
Score bridge (derived from real data)
Fundamental
85
Valuation
33
Technical
67
Moat (curated)
84

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹3,482now ₹5,510₹6,143
76/100
Technical rating B+
Price · 2 years · SMA 50/200 · as of 2026-07-20
NeutralMACD BearishGolden cross
RSI-14
RSI-14
47
vs SMA-50
-1.5%
vs SMA-200
15.5%
1Y return
52.2%
Ann. vol
27%
Max DD 1Y
-15%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Engines & Power Systems
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
Cummins India ◄₹1.53 L Cr62.9x21%39.5%16.0%24.4%0.00x68
Kirloskar Oil Engines₹32.4K Cr55.2x18%14.6%15.3%19.2%1.48x67
Triveni Turbine₹19.7K Cr54.6x21%35.9%20.5%21.8%0.02x68
TD Power Systems₹17.8K Cr74.6x18%33.4%28.6%35.1%0.02x68

Financial statements

Source: Screener.in
Sales 3Y CAGR
16.0%
PAT 3Y CAGR
24.4%
OPM (latest)
21.0%
PAT margin
19.5%
D / E
0.00x
CFO / PAT
0.73x
EV / EBITDA
58.9x
FCF yield
1.2%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—25.9%15.8%15.5%16.9%
PAT growth YoY %—31.5%40.1%16.2%18.1%
OPM %14%16%20%20%21%
PAT margin %15.1%15.8%19.1%19.2%19.5%
ROE % (PAT / net worth)18.2%21.3%26.0%26.5%27.9%
D / E (x)0.080.070.020.000.00
Asset turnover (x)0.870.981.001.021.07
CFO / PAT (x)0.760.670.750.840.73
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales6,1717,7729,00010,39112,143
Operating profit8831,2481,7702,0802,595
OPM %14%16%20%20%21%
Net profit9341,2281,7212,0002,362
EPS ₹33.6844.3162.0772.1585.20
Quarterly · ₹ Cr
Dec 2024Mar 2025Jun 2025Sep 2025
Sales3,1703,0553,0112,907
OPM %22%21%21%21%
PAT622486649604
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity5555555555
Reserves5,0905,7036,5577,5068,420
Borrowings4183761273037
Total assets7,1127,9198,97110,16811,304
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating7128201,2851,6831,734
Investing-57487-248-57826
Financing-82-687-1,134-1,168-1,495
Shareholding
Promoters
51.0%
FII
21.2%
DII
19.1%
Public
8.7%
Mkt cap
₹1.53 L Cr
P/E
62.9x
52W range
₹3,482–6,143