Cummins India (CUMMINSIND)₹4,135+0.49%Compressors, Pumps & Diesel Engines
In the Jun 2026 quarter (consolidated), Cummins India reported sales of ₹3,430 Cr, up 17.9% from Jun 2025, and net profit of ₹610 Cr, up 1.0% year on year. For the year to Mar 2026, sales were ₹12,170 Cr and net profit ₹2,365 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,926 | 2,543 | 2,321 | 2,318 | 2,513 | 3,101 | 2,473 | 2,909 | 3,174 | 3,061 | 3,018 | 3,430 |
| Expenses | 1,570 | 1,995 | 1,778 | 1,838 | 2,020 | 2,495 | 1,941 | 2,278 | 2,468 | 2,416 | 2,364 | 2,803 |
| Operating Profit | 346 | 543 | 539 | 473 | 483 | 598 | 525 | 623 | 695 | 634 | 642 | 616 |
| OPM % | 18.0% | 21.0% | 23.0% | 20.0% | 19.0% | 19.0% | 21.0% | 21.0% | 22.0% | 20.9% | 21.0% | 18.0% |
| Other Income | 128 | 153 | 185 | 170 | 157 | 168 | 216 | 211 | 180 | 45.88 | 262 | 226 |
| Interest | 6.99 | 5.99 | 5.99 | 5.01 | 3.01 | 2.99 | 4.99 | 3.01 | 2.99 | 5.01 | 1.99 | 3.99 |
| Depreciation | 38.16 | 42.14 | 42.13 | 44.20 | 45.19 | 49.20 | 46.15 | 48.15 | 49.22 | 50.19 | 51.20 | 53.22 |
| Profit before tax | 428 | 644 | 673 | 592 | 592 | 712 | 687 | 781 | 821 | 624 | 849 | 784 |
| Tax % | 22.9% | 22.9% | 20.0% | 21.9% | 23.9% | 21.9% | 22.9% | 22.9% | 24.0% | 21.9% | 23.9% | 23.0% |
| Exceptional items | 0.00 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.97 | 0.00 | −96.62 | 24.89 | 0.00 |
| Net Profit | 330 | 500 | 540 | 464 | 450 | 559 | 531 | 605 | 623 | 487 | 650 | 610 |
| EPS (Rs) | 11.83 | 17.95 | 19.40 | 16.64 | 16.17 | 20.11 | 19.06 | 21.72 | 22.39 | 17.49 | 23.38 | 21.91 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,726 | 5,114 | 5,122 | 5,701 | 5,195 | 4,363 | 6,177 | 7,787 | 9,006 | 10,404 | 12,170 | 12,682 |
| Expenses | 3,933 | 4,289 | 4,362 | 4,819 | 4,591 | 3,748 | 5,272 | 6,504 | 7,219 | 8,292 | 9,526 | 10,051 |
| Operating Profit | 774 | 805 | 738 | 868 | 592 | 603 | 883 | 1,248 | 1,769 | 2,080 | 2,596 | 2,587 |
| OPM % | 16.0% | 15.9% | 14.0% | 15.0% | 11.0% | 14.0% | 14.0% | 15.9% | 20.0% | 20.0% | 21.0% | 20.4% |
| Other Income | 116 | 141 | 297 | 327 | 355 | 365 | 470 | 500 | 620 | 712 | 700 | 715 |
| Interest | 10.01 | 16.99 | 15.01 | 16.98 | 20.99 | 16.99 | 11.99 | 16.01 | 26.99 | 15.99 | 11.99 | 13.98 |
| Depreciation | 81.26 | 85.31 | 94.30 | 111 | 121 | 128 | 137 | 143 | 160 | 186 | 200 | 204 |
| Profit before tax | 796 | 840 | 924 | 1,065 | 804 | 822 | 1,202 | 1,584 | 2,196 | 2,582 | 3,075 | 3,077 |
| Tax % | 20.9% | 21.9% | 22.9% | 30.9% | 12.9% | 22.9% | 22.9% | 22.9% | 22.0% | 22.9% | 22.9% | — |
| Exceptional items | 0.00 | 1.99 | 38.86 | 16.93 | −18.91 | 1.99 | 120 | 24.90 | 0.00 | 7.97 | −62.73 | −71.73 |
| Net Profit | 723 | 737 | 714 | 744 | 707 | 636 | 935 | 1,229 | 1,725 | 2,003 | 2,365 | 2,369 |
| EPS (Rs) | 25.94 | 26.47 | 25.63 | 26.73 | 25.37 | 22.84 | 33.60 | 44.21 | 61.94 | 72.00 | 85.00 | 85.17 |
| Dividend payout % | 54.0% | 53.0% | 58.0% | 62.9% | 54.9% | 65.0% | 55.0% | 56.0% | 60.9% | 71.0% | 77.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 55.08 | 55.05 | 55.11 | 55.06 | 55.05 | 55.10 | 55.07 | 55.03 | 55.10 | 55.07 | 55.02 | 55.03 |
| Reserves | 3,040 | 3,560 | 3,823 | 4,073 | 4,237 | 4,354 | 4,602 | 5,098 | 5,712 | 6,568 | 7,517 | 8,436 |
| Borrowings | 2.99 | 2.99 | 251 | 256 | 312 | 511 | 39.91 | 417 | 375 | 127 | 29.94 | 36.93 |
| Other Liabilities | 1,503 | 1,046 | 1,089 | 1,335 | 1,461 | 1,277 | 1,265 | 1,542 | 1,783 | 2,222 | 2,565 | 2,782 |
| Total Liabilities | 4,602 | 4,664 | 5,219 | 5,720 | 6,064 | 6,197 | 5,962 | 7,111 | 7,927 | 8,973 | 10,167 | 11,309 |
| Fixed Assets | 1,310 | 1,294 | 1,506 | 2,027 | 2,019 | 2,274 | 2,194 | 2,212 | 2,232 | 2,306 | 2,368 | 2,387 |
| CWIP | 171 | 520 | 464 | 39.10 | 159 | 80.18 | 128 | 61.10 | 41.10 | 97.17 | 85.11 | 98.16 |
| Investments | 536 | 489 | 862 | 708 | 468 | 1,038 | 599 | 892 | 1,458 | 1,643 | 1,483 | 2,154 |
| Other Assets | 2,584 | 2,362 | 2,386 | 2,946 | 3,418 | 2,806 | 3,042 | 3,946 | 4,195 | 4,927 | 6,231 | 6,669 |
| Inventories | 739 | 606 | 569 | 543 | 632 | 576 | 563 | 737 | 902 | 948 | 1,003 | 1,165 |
| Trade receivables | 979 | 946 | 964 | 1,336 | 1,283 | 1,145 | 1,088 | 1,257 | 1,596 | 2,085 | 2,276 | 2,751 |
| Cash & equivalents | 91.04 | 90.03 | 129 | 471 | 739 | 465 | 964 | 1,426 | 1,386 | 1,514 | 2,509 | 2,374 |
| Total Assets | 4,602 | 4,664 | 5,219 | 5,720 | 6,064 | 6,197 | 5,962 | 7,111 | 7,927 | 8,973 | 10,167 | 11,309 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 589 | 696 | 748 | 631 | 553 | 601 | 788 | 711 | 819 | 1,285 | 1,681 | 1,731 |
| Cash from investing activity | −146 | −215 | −482 | −134 | 14.98 | −202 | 24.94 | −573 | 86.84 | −247 | −577 | 25.94 |
| Cash from financing activity | −443 | −469 | −225 | −469 | −524 | −411 | −870 | −81.75 | −685 | −1,131 | −1,164 | −1,490 |
| Net cash flow | −1.01 | 10.01 | 39.04 | 28.05 | 43.02 | −14.03 | −60.10 | 56.06 | 219 | −97.16 | −63.04 | 265 |
| Capex | 346 | 490 | 244 | 190 | 282 | 257 | 116 | 152 | 161 | 287 | 225 | 251 |
| Free cash flow | 252 | 205 | 517 | 541 | 279 | 365 | 676 | 783 | 666 | 1,004 | 1,467 | 1,488 |
| CFO / OP % | 98.0% | 112.0% | 116.0% | 110.1% | 91.0% | 129.0% | 145.1% | 109.0% | 94.0% | 101.0% | 109.0% | 91.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 72 | 72 | 68 | 95 | 81 | 80 | 90 | 73 | 74 | 84 | 79 | 82 |
| Inventory days | 88 | 74 | 62 | 60 | 63 | 61 | 74 | 65 | 62 | 59 | 55 | 55 |
| Days payable | 80 | 70 | 69 | 86 | 84 | 76 | 98 | 90 | 82 | 90 | 88 | 80 |
| Cash conversion cycle | 82 | 78 | 64 | 70 | 62 | 67 | 68 | 50 | 57 | 55 | 48 | 59 |
| Working capital days | 55 | 79 | 50 | 58 | 60 | 41 | 73 | 40 | 37 | 49 | 47 | 54 |
| ROCE % | — | 24.1% | 22.0% | 21.0% | 24.0% | 18.0% | 17.1% | 21.1% | 27.0% | 35.1% | 36.1% | 40.1% |
For the Jun 2026 quarter, Cummins India reported sales of ₹3,430 Cr, up 17.9% year on year and net profit of ₹610 Cr, up 1.0% year on year. The operating margin was 18.0%.
Cummins India's sales for the year to Mar 2026 were ₹12,170 Cr; over the last twelve months they were ₹12,682 Cr.
Net profit for the year to Mar 2026 was ₹2,365 Cr, and ₹2,369 Cr over the last twelve months. Earnings per share over the same trailing period were ₹85.17.
Cummins India reported borrowings of ₹36.93 Cr at Mar 2026, against cash and equivalents of ₹2,374 Cr.
Cash from operations was ₹1,731 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1,488 Cr.