💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Cummins India Limited is a manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. The Company’s business units include engines, power systems, and distribution. Its engine business manufactures engines from 125 to 400…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced.
Cummins India is scored on the general / industrial framework. It keeps a healthy 18.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.73×) — worth a closer look. Free cash flow is worth about 1.6% of its market value.
Over the last 3 years revenue compounded at 16%/yr and profit at 24%/yr. Book value has grown 14%/yr. Return on equity is an elite 27.1%. In the latest quarter profit fell 6% versus the prior quarter.
At 48× earnings, the stock sits at the 36th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~21%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 49.85 | — | — |
| P/B | 13.53 | 8.67 | worse |
| EV/EBITDA | 35.47 | 23.38 | worse |
| ROE | 27.13 | 26.29 | better |
| ROCE | 34.59 | 34.47 | better |
| ROA | 19.78 | 14.82 | better |
| Quick Ratio | 2.85 | 2.05 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
| APL Apollo Tubes | 46.3 | 10.6 | 22.8% |
Revenue has grown every year across all 4 financial years shown. 16% CAGR over 3 years — steady double-digit compounder.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (24% vs 16%) — margin expansion is at work.
Operating margin has expanded from 20% to 24% — the business is keeping more of each rupee earned.
ROE at 28% — the business earns well above its cost of equity. Capital efficiency improving — ROE up 7pp across the window.
EPS has grown every year — each share earns more than the last, consistently. 24% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 13% sequentially — momentum is building.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 51.0% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.