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Cummins India Ltd

Updated on July 15, 2019

Stock/Share Code - CUMMINSIND

Cummins India is principally engaged in the business of manufacturing, trading and selling of engines and allied activities.

Below is the details of CUMMINSIND Cummins India Ltd

Market Cap₹21,900 Cr.
Current Price ₹728.5 as on 19 Jul 19
52 Week High / Low Price₹885 / ₹611.75
Face Value₹2
Stock P/E30.31
Book Value₹149.01
Dividend Yield1.90 %
ROCE21.20 %
ROE17.30 %
Sales Growth (3yrs)4.88 %
SectorCapital Goods-Non Electrical Equipment
IndustryEngines
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has been maintaining a healthy dividend payout of 54.32%
Cons: The company has delivered a poor growth of 2.06% over past five years. Earnings include an other income of Rs.292.77 Cr.

Cummins India Ltd Price Chart

Cummins India Ltd Price Chart

Cummins India Ltd Peer Comparison in Capital Goods-Non Electrical Equipment

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Cummins India 30.31 ₹21,900.19 Cr. 1.90 ₹140.92 Cr. -12.59 8.69 1340.37 21.20
2. Greaves Cotton ₹137.7 20.01 ₹3,583.73 Cr. 3.75 ₹37.39 Cr. -8.11 8.63 528.12 25.94
3. Kirloskar Oil ₹157.8 12.60 ₹2,834.16 Cr. 2.55 ₹92.1 Cr. 107.81 7.17 848.05 10.63
4. Swaraj Engines ₹1,170.8 20.63 ₹1,700.05 Cr. 3.57 ₹16.65 Cr. -6.83 3.35 191.47 46.99
5. G G Engineering ₹248.85 43.51 ₹38.29 Cr. 0.00 ₹0.02 Cr. 5.90 22.89

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Cummins India Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019
Sales1,2591,2791,3551,1841,3411,1541,3551,2331,3281,4871,5041,340
YOY Sales Growth %-3.9%7.06%19.05%11.12%6.5%-9.78%-0.02%4.12%-0.96%28.87%11%8.69%
Expenses1,0531,0801,1291,0141,1469861,1581,0601,1131,2361,2771,169
Material Cost %63.78%64.78%64.37%65.07%65.05%63.11%63.09%65.12%62.73%61.99%64.98%65.78%
Employee Cost %8.26%8.79%8.12%9.02%9.14%10.89%9.72%9.57%9.53%9.87%9.17%10.04%
Operating Profit206199226170195167197173215251227172
OPM %16%16%17%14%15%15%15%14%16%17%15%13%
Other Income4269465111454506670787669
Interest245544334445
Depreciation212122212122242727272828
Profit before tax225243245195285195220209254298270209
Tax %20%19%19%19%22%22%22%23%28%29%31%32%
Net Profit181197198158222153172161183212187141
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales1,8602,3513,3042,8454,0434,1174,5893,9774,4064,7095,0775,0825,659
Sales Growth %25.81%26.37%40.57%-13.9%42.1%1.85%11.47%-13.35%10.79%6.88%7.83%0.1%%
Expenses1,5652,0442,8272,3183,2793,4203,7543,2803,6743,9344,2764,3504,795
Material Cost %65.03%69.02%67.63%63.36%63.83%64.25%62.92%60.96%61.43%62.91%64.49%64.1%%
Manufacturing Cost %5.08%4.43%4.14%2.81%3.36%3.19%3.05%4.72%4.8%2.85%2.79%2.91%%
Employee Cost %6.42%5.86%6.43%6.84%6.3%7.38%7.38%8.54%8.88%8.83%8.54%9.8%%
Other Cost %7.76%7.66%7.38%8.46%7.62%8.24%8.47%8.26%8.28%8.95%8.39%8.78%%
Operating Profit295307477527764697835697732775802732864
OPM %16%13%14%19%19%17%18%18%17%16%16%14%15%
Other Income8512317012280175268178287226208285293
Interest11325554110171516
Depreciation333346363742475380818594110
Profit before tax3463965996118028251,0518189379109089081,030
Tax %30%29%28%27%26%28%27%27%16%17%19%22%
Net Profit242281434444591591764600786754735708723
EPS in Rs8.299.5614.4914.5719.5619.5525.3919.4425.6726.1925.4824.54
Dividend Payout %33%32%41%54%50%52%47%60%49%51%53%59%

Compounded Sales Growth

  • 10 Years:: 8.02%
  • 5 Years:: 2.06%
  • 3 Years:: 4.88%
  • TTM:: 11.34%

Compounded Profit Growth

  • 10 Years:: 9.15%
  • 5 Years:: 0.09%
  • 3 Years:: -1.58%
  • TTM:: 1.99%

Return on Equity

  • 10 Years:: 24.98%
  • 5 Years:: 21.69%
  • 3 Years:: 20.22%
  • Last Year:: 17.30%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Share Capital40404040405555555555555555
Equity Capital39.639.639.639.639.655.4455.4455.4455.4455.4455.4455.4455.44
Reserves8901,0641,3551,5211,7671,9882,3312,5102,8313,4263,6873,9314,075
Borrowings833239000000251252309
Other Liabilities4456627928141,0961,1021,3071,2271,4581,1061,1561,3901,414
Trade Payables231.6403.09476.24379.97569.43516.62549.34485.11601.44556.58608.18758.02825.11
Total Liabilities1,3831,7982,2102,3842,9023,1463,6943,7924,3454,5875,1495,6285,854
Fixed Assets1482242512943564654939191,2341,2891,5002,0192,013
Gross Block509.77616.98683.37738.4829.76970.31041.471511.981883.011991.672249.852845.88
Accumulated Depreciation361.98392.89432.36443.96473.39505.39548.04592.83649.05702.29749.74826.63
CWIP3431583965501219617151946338159
Investments283432399733725598628495465334707549285
Other Assets9191,1111,5021,3171,7562,0332,4522,2812,4752,4452,4783,0223,397
Inventories281.44321.46467.98409.67518.96567.61530.35551.34682.26600.26562.06537.48625.36
Trade receivables418.52550.45682.1522.9718.16678.34854.99782.03935.54938.11955.651326.251272.69
Cash Equivalents38.8512.332.3255.93103.73223.5354.6586.4979.8689.73129.11470.88737.93
Loans n Advances179.72226.83319.25328.7224.78221.07239.59173.66314.05460.11469.08465.5518.86
Total Assets1,3831,7982,2102,3842,9023,1463,6943,7924,3454,5875,1495,6285,854

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity167244221576429442529361498692746634
Profit from operations343.83382.08608.47587.24782.91740.42882.61752.54795.49857.89895.14853.66
Working Capital Changes-86.13-17.13-202.29143.64-135.57-82.45-88.29-160.66-112.33.2837.08-36.99
Taxes paid-90.68-120.61-185.03-154.94-218.09-215.48-265.71-230.81-185.28-169.37-186.65-182.26
Cash from Investing Activity-43-20210-337-1338-21955-56-214-482-133
Fixed Assets Purchased-49.06-103.46-90.81-66.45-148.59-228.82-228.82-471.79-338.65-491.77-244.62-189.71
Fixed Assets Sold0.880.6131.244.640.660.714.043.968.281.8713.1299.25
Investments purchased-1437.94-1472.55-1709.19-1714.65-2346.65-2172.99-1969.62-1728.58-1195.10-365.540
Investments sold1407.311326.171750.441380.632354.152327.662063.361877.511324.65139.850158.22
Cash from Financing Activity-91-69-223-216-305-351-359-426-423-468-225-473
Proceeds from Borrowings026.310000000000
Repayment of Borrowings-6.22-0.03-7.57-12.6-0.010000000
Interest Paid-0.47-0.67-2.61-2.05-4.75-5.41-4.61-4.18-1.26-0.86-8.99-10.03
Dividends Paid-90.16-92.43-209.85-199.18-300.15-345.18-354.39-421.6-421.6-466.88-466.32-463.87
Net Cash Flow33-27824-8100-49-919103929

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %40%38%46%41%48%39%42%33%31%29%25%21%
Debtor Days828575676560687278736995
Inventory Turnover7.237.808.376.488.717.588.367.357.147.348.749.24

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.