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CUMMINSIND - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.1

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.1

Stock Code CUMMINSIND Market Cap 1,30,873 Cr. Current Price 4,723 ₹ High / Low 4,987 ₹
Stock P/E 57.8 Book Value 265 ₹ Dividend Yield 1.09 % ROCE 37.6 %
ROE 28.8 % Face Value 2.00 ₹ DMA 50 4,525 ₹ DMA 200 4,093 ₹
Chg in FII Hold 1.07 % Chg in DII Hold -1.13 % PAT Qtr 548 Cr. PAT Prev Qtr 638 Cr.
RSI 54.4 MACD 53.3 Volume 8,04,325 Avg Vol 1Wk 9,76,950
Low price 2,580 ₹ High price 4,987 ₹ PEG Ratio 1.64 Debt to equity 0.00
52w Index 89.0 % Qtr Profit Var 6.71 % EPS 79.4 ₹ Industry PE 35.8

📊 Core Financials

  • Revenue Growth: PAT declined (₹548 Cr vs ₹638 Cr), but overall growth trend remains positive
  • Profit Margins: EPS ₹79.4, strong profitability
  • Debt Ratio: Debt-free (Debt-to-Equity 0.00)
  • Cash Flows: Healthy, supported by consistent profits
  • Return Metrics: ROCE 37.6%, ROE 28.8% — excellent efficiency

💹 Valuation Indicators

  • P/E Ratio: 57.8 (well above industry PE of 35.8, overvalued)
  • P/B Ratio: ~17.8 (premium valuation)
  • PEG Ratio: 1.64 (reasonable, growth moderately priced in)
  • Intrinsic Value: Current price ₹4,723 is near upper band, cautious entry advised

🏢 Business Model & Competitive Advantage

  • Global leader in power solutions and engines
  • Strong brand recognition and diversified industrial presence
  • Debt-free balance sheet enhances resilience
  • Dividend yield of 1.09% adds shareholder value

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹4,400–₹4,600 range (near support levels)
  • Long-Term Holding: Attractive due to strong ROE/ROCE and debt-free status
  • Risk: Premium valuation may limit short-term upside


✅ Positive

  • Debt-free company ensures strong financial stability
  • High ROE and ROCE indicate excellent efficiency
  • Strong global brand and diversified industrial exposure

⚠️ Limitation

  • P/E ratio significantly higher than industry average
  • P/B ratio reflects expensive valuation
  • Quarterly PAT declined from ₹638 Cr to ₹548 Cr

📰 Company Negative News

  • DII holdings decreased (-1.13%), showing reduced domestic investor confidence
  • Stock trading near upper band, limiting entry opportunities

🌟 Company Positive News

  • FII holdings increased (+1.07%), showing foreign investor confidence
  • Strong EPS of ₹79.4 supports valuation
  • Debt-free balance sheet enhances resilience

🏦 Industry

  • Industrial and power solutions sector with strong global demand
  • Industry PE at 35.8, CUMMINSIND trades above this, showing premium valuation
  • Sector growth supported by infrastructure and energy expansion

🔎 Conclusion

  • CUMMINSIND is financially strong with excellent ROE/ROCE and debt-free operations
  • Valuation is premium compared to industry peers
  • Entry near ₹4,400–₹4,600 is favorable for long-term investors
  • Best suited for portfolios seeking global industrial exposure with moderate risk tolerance

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