Cummins India stock | Price target for 2026, price & analyst rating

Cummins India

BSE:500480

Rp 4.740,15

Rp0,00 (0,00%)

4.740,15 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

Cummins India Stock Value

The analyst rating for BSE:500480 is currently Outperform.

Outperform

Cummins India Company Info

EPS Growth 5Y

24,17%

Market Cap

Rp1.313,97 B

Long-Term Debt

Rp0,00 B

Annual earnings

05/22/2026 (E)

Dividend

Rp51,67

Dividend Yield

1,09%

Founded

1962

Industry

Industrials

Country

India

Website

Cummins India

ISIN Number

INE298A01020

Website

http://www.cummins.com/en/in/company/cummins-india?locset=IN

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp4.880,00

2.95%

Last Update: 03/28/2026

Analysts: 23

Highest Price Target Rp5.500,00

Average Price Target Rp4.880,00

Lowest Price Target Rp2.898,00

In the last five quarters, Cummins India’s Price Target has risen from Rp2.016,81 to Rp2.655,33 - a 31,66% increase. Nineteen analysts predict that Cummins India’s share price will increase in the coming year, reaching Rp4.880,00. This would represent an increase of 2,95%.

Top growth stocks in the industrials sector (5Y.)

What does Cummins India do?

Cummins India Limited engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies. The company is a subsidiary of Cummins Inc. Business Strategy The company has established itself as a significant player in the engine and power generation industry in India through a well-defined business strategy that focuses on innovation, customer satisfaction, sustainability, and corporate responsibility. The company’s strategy is designed to drive long...

Cummins India Limited engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies. The company is a subsidiary of Cummins Inc.

Business Strategy

The company has established itself as a significant player in the engine and power generation industry in India through a well-defined business strategy that focuses on innovation, customer satisfaction, sustainability, and corporate responsibility. The company’s strategy is designed to drive long-term growth and value creation while maintaining its competitive edge in the market.

Products and Services

The company offers a comprehensive range of products and services that cater to various industries, including automotive, power generation, construction, mining, marine, rail, oil and gas, and defense. The company’s product portfolio is designed to deliver high performance, reliability, and efficiency, meeting the diverse needs of its customers. Below is a detailed description of the products and services.

Engines

The company is renowned for its robust and efficient engines, which are a core component of its product offerings. The company’s engines are designed to meet stringent emission norms and deliver superior performance across various applications.

Diesel Engines: The company manufactures a wide range of diesel engines that are used in commercial vehicles, industrial applications, and power generation. These engines are known for their durability, fuel efficiency, and compliance with environmental regulations. Diesel engines from the company are designed to provide high torque and power output, making them suitable for heavy-duty applications, such as trucks, buses, and construction equipment.

Natural Gas Engines: As a cleaner alternative to diesel engines, the company offers natural gas engines that provide lower emissions and better fuel efficiency. These engines are particularly popular in applications where environmental regulations are stringent. Natural gas engines are used in various applications, including public transportation, industrial operations, and power generation, offering a sustainable solution for customers.

Hybrid Engines: The company develops hybrid engines that combine the benefits of diesel and electric power. These engines offer enhanced fuel efficiency and reduced emissions, making them suitable for a variety of applications. Hybrid engines are designed to provide the reliability and performance of traditional diesel engines while incorporating the environmental benefits of electric power.

Power Generation Systems

The company provides a comprehensive range of power generation systems that ensure reliable and efficient power supply for various applications.

Generators: The company offers a wide range of generators that cater to standby and continuous power applications. These generators are designed to provide reliable power supply in various settings, including commercial, industrial, and residential. The company’s generators are known for their durability, fuel efficiency, and low emissions, making them a preferred choice for customers seeking dependable power solutions.

Power Systems: In addition to generators, the company provides complete power systems that include engines, alternators, control systems, and accessories. These power systems are designed to deliver integrated solutions for complex power needs. The company’s power systems are used in various applications, such as data centers, hospitals, manufacturing facilities, and remote locations, ensuring uninterrupted power supply and operational efficiency.

Lubricants

The company offers a range of high-quality lubricants that enhance the performance and longevity of engines and other mechanical systems.

Engine Oils: The company’s engine oils are formulated to meet the specific requirements of different types of engines and operating conditions. These oils provide superior protection against wear and tear, ensuring optimal engine performance. Engine oils from the company are designed to enhance fuel efficiency and reduce emissions, contributing to the overall sustainability of the engines they are used in.

Transmission Fluids: The company offers transmission fluids that are essential for the smooth operation of vehicle transmissions. These fluids are engineered to provide optimal performance and protection, ensuring the longevity of transmission systems. Transmission fluids are used in a variety of vehicles, including cars, trucks, and buses, providing reliable performance under various operating conditions.

Coolants and Greases: In addition to engine oils and transmission fluids, the company offers a range of coolants and greases. These products are designed to provide superior protection and performance in various applications. Coolants are used to regulate the temperature of engines, preventing overheating, and ensuring efficient operation. Greases are used in various mechanical systems to reduce friction and wear, enhancing the longevity of components.

Services

The company provides a wide range of services that support the maintenance, repair, and optimization of its products. The company’s service offerings are designed to ensure that customers receive the best possible support throughout the lifecycle of their products.

Maintenance and Repair Services: The company has an extensive network of service centers and dealers across India, providing customers with easy access to maintenance and repair services. The company’s service centers are staffed by trained technicians who use genuine Cummins parts to ensure the highest quality of service. Maintenance services include preventive maintenance programs that help customers avoid unexpected breakdowns and extend the lifespan of their equipment. Repair services cover a wide range of issues, from minor repairs to major overhauls, ensuring that equipment is restored to optimal working condition.

Spare Parts and Technical Support: The company offers a comprehensive range of genuine spare parts that are designed to meet the exact specifications of its products. The company’s spare parts are known for their quality and reliability, ensuring that customers receive the best possible performance from their equipment. The company provides technical support to help customers troubleshoot and resolve issues with their equipment. Technical support services include phone and online support, as well as on-site assistance from trained technicians.

Training and Education: The company offers training and education programs to help customers and their employees develop the skills needed to operate and maintain the company’s equipment. These programs cover a wide range of topics, including engine operation, maintenance practices, and troubleshooting techniques. Training programs are conducted by experienced instructors and are available in various formats, including classroom training, hands-on workshops, and online courses. The company’s training and education initiatives are designed to enhance the knowledge and skills of customers, ensuring that they can maximize the performance and reliability of their equipment.

Extended Warranty and Service Packages: The company offers extended warranty programs that provide customers with additional protection beyond the standard warranty period. These programs cover various components and systems, ensuring that customers receive comprehensive coverage for their equipment. The company’s service packages include preventive maintenance programs, extended warranty options, and customized service agreements. These packages are designed to provide customers with peace of mind and ensure that their equipment receives the best possible care throughout its lifecycle.

Geographical Markets

The company operates extensively across various geographical markets, primarily focusing on the Indian subcontinent. The company’s products and services are designed to cater to the diverse needs of customers in different regions, ensuring that it maintains a strong market presence and meets the specific requirements of each market.

Indian Market: The company has a significant presence in the Indian market, where it serves a wide range of industries, including automotive, power generation, construction, mining, marine, rail, oil and gas, and defense. The company’s extensive network of service centers and dealers across India ensures that customers have easy access to its products and services. The company’s engines, power generation systems, and lubricants are widely used in various applications throughout India, providing reliable and efficient solutions for customers in different regions.

International Markets: The company’s products are exported to various countries, contributing to its overall growth, and expanding its market reach. The international markets served by the company include countries in Asia, Africa, the Middle East, and other regions where there is a demand for high-quality engines and power generation solutions.

Government Regulations

The company is subject to a wide range of government regulations that govern its business operations, financial reporting, and corporate governance. These regulations are designed to ensure transparency, accountability, and ethical conduct in the company’s business practices.

Companies Act, 2013: The company complies with the provisions of the Companies Act, 2013, which governs corporate governance, financial reporting, and the responsibilities of directors and officers. The Act mandates various disclosures, audits, and compliance requirements that the company adheres to diligently. The company ensures that its board of directors is duly constituted with a proper balance of executive, non-executive, and independent directors. The changes in the composition of the board are carried out in compliance with the provisions of the Act.

Securities Contracts (Regulation) Act, 1956 (SCRA): The company adheres to the rules and regulations under the SCRA, which governs the trading of securities and the functioning of stock exchanges. Compliance with SCRA ensures that the company’s securities are traded in a fair and transparent manner.

Foreign Exchange Management Act, 1999 (FEMA): The company complies with the regulations under FEMA, which govern foreign direct investment, foreign exchange transactions, and cross-border financial operations. Adherence to FEMA ensures that the company’s international transactions are conducted in accordance with the law.

Securities and Exchange Board of India (SEBI) Regulations: The company complies with various SEBI regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandate corporate governance requirements for listed companies. The company adheres to the SEBI (Prohibition of Insider Trading) Regulations, 2015, which prevent insider trading and ensure fair trading practices.

In addition, the company adheres to various industry regulations and standards that ensure the quality, safety, and reliability of its products and services. Compliance with these regulations is essential for maintaining the company’s reputation and meeting customer expectations.

ISO Standards: The company’s Environmental Management System (EMS) is certified by a third-party certification body under ISO 14001:2015. This certification demonstrates the company’s commitment to environmental management and sustainability. The company’s adherence to ISO standards ensures that its products and services meet international quality and safety benchmarks.

Environmental Laws

The company is committed to environmental stewardship and adheres to various environmental laws and regulations that govern its operations. The company’s environmental initiatives reduce its environmental impact, promoting sustainability, and ensuring compliance with legal requirements.

Environmental Protection Laws: The company complies with the Environment Protection Act and the rules and regulations under it, which govern the prevention and control of pollution, waste management, and environmental conservation. The company’s environmental management practices include reducing greenhouse gas emissions, improving energy efficiency, and promoting the use of renewable energy.

Water (Prevention and Control of Pollution) Act: The company adheres to the Water (Prevention and Control of Pollution) Act, which governs the prevention and control of water pollution. The company’s initiatives to reduce water consumption and manage wastewater are aligned with the requirements of this Act.

Air (Prevention and Control of Pollution) Act: The company complies with the Air (Prevention and Control of Pollution) Act, which regulates air pollution and emissions. The company’s efforts to reduce emissions from its operations and products are in line with the provisions of this Act.

History

Cummins India Limited was founded in 1962. The company was incorporated in 1962.

Cummins India Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Distribution:** - **Energy Generation:** approx. 40% - **Industry:** approx. 30% - **Automotive:** approx. 20% - **Other:** approx. 10% **TOP 3 Markets:** - **India:** approx. 50% - **USA:** approx. 20% - **China:** approx. 15% Cummins India Limited generates the majority of its revenue...

At which locations are the company’s products manufactured?

**Production sites of Cummins India Limited:** Cummins India Limited operates several production facilities in India. The main locations are: 1. **Pune, Maharashtra:** This is where the main plant is located, producing a variety of engines and components. 2. **Phaltan, Maharashtra:** This site is...

What strategy does Cummins India pursue for future growth?

**Revenue Growth:** 10% (estimated for 2025) **Profit Growth:** 8% (estimated for 2025) Cummins India Limited is pursuing a multi-pronged growth strategy based on innovation, market expansion, and sustainability. The company is heavily investing in research and development to expand its product...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** - Steel - Aluminum - Copper **Countries of Origin:** - China - Japan - Germany Cummins India Limited mainly imports raw materials such as steel, aluminum, and copper, which are essential for the production of engines and other machine components. These materials ar...

How strong is the company’s competitive advantage?

**Market Share:** 25% (estimated, 2025) **EBITDA Margin:** 18% (2024) **Research & Development (R&D) Expenses:** 5% of revenue (2024) Cummins India Limited has a significant competitive advantage in the Indian engines and power generation industry. With an estimated market share of 25%...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 45% (estimated for 2025) **Insider Buys/Sells:** No significant changes reported (2024) The institutional investor share in Cummins India Limited is estimated to be around 45%. This demonstrates a strong confidence from institutional investors in the company'...

What percentage market share does Cummins India have?

**Market share of Cummins India Limited:** Estimate 8% (2025) **Top competitors and their market shares:** 1. **Caterpillar Inc.:** Estimate 12% (2025) 2. **Kirloskar Oil Engines Ltd.:** Estimate 10% (2025) 3. **Ashok Leyland Ltd.:** Estimate 9% (2025) 4. **Greaves Cotton Ltd.:** Estimate 7% (2025)...

Is Cummins India stock currently a good investment?

**Revenue Growth:** 10% (2024) **EBITDA Margin:** 18% (2024) **ROE (Return on Equity):** 20% (2024) Cummins India Limited recorded a revenue growth of 10% in 2024, driven by strong demand in the power generation and automotive industries. The EBITDA margin of 18% indicates that the company operates...

Does Cummins India pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.5% (2024) **Dividend Growth:** 5% annually (last 3 years) Cummins India Limited has regularly paid dividends in recent years. The dividend yield was recently around 2.5%, which can be considered solid compared to other companies in the industry. The company has experienced st...

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Cummins India Stock Value

Cummins India Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Cummins India do?

Cummins India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Cummins India Stock Value

Cummins India Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Cummins India do?

Cummins India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.