₹4123.1
+0.2% today
· 30d -14.54%
as of 2026-11-09
Price · Daily Candles
“Cummins India rallies 95% in a year as FIIs add stake, but free cash flow predictions raise eyebrows.”
Cummins India has experienced significant growth, with its stock price surging 95.39% over the past year and Q4 revenue up 21.89% YoY to ₹3011 Cr. While FIIs increased their stake by 1.35% QoQ to 20.78%, ML predictions flag potential severe Free Cash Flow compression with H1 figures as low as -31.7%.
BULL CASE
+Q4 revenue grew 21.89% YoY to ₹3011 Cr, with net profit up 22.66% YoY to ₹649 Cr.
+The stock has delivered strong price performance, soaring 95.39% in the last year and 30.69% in the last six months.
+Promoter shareholding remains stable at 51.0%, while FIIs increased their stake by 1.35% QoQ to 20.78% in Q4 2026.
+The company demonstrates strong profitability with a Q4 OPM of 24.93% and a TTM ROCE of 36.0%.
BEAR CASE
−Despite strong sales and EBIT predictions, ML models forecast severe Free Cash Flow compression, with H1 figures ranging from -13.38% to -31.73%.
−Valuation appears stretched with a TTM PE of 67.98 and a PB of 20.31, significantly higher than some peers.
−DIIs reduced their stake by 1.15% QoQ to 19.55% in Q4 2026.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹3301 Cr
+4.13% YoY
NET PROFIT
₹507 Cr
-18.5% YoY
OPM
18.71%
-6.11pp YoY
EPS
₹18.3
PE 67.98
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-5.4%, h2=+11.9%, h3=-10.2% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Cummins India's TTM PE of 67.98 is higher than Siemens (62.4) but lower than ABB (90.9), while its ROCE of 36.0% is strong compared to BHEL's 4.83% and Siemens' 24.59%.
PEERPEROCE %
CUMMINSIND67.9836.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
49
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
NEUTRAL
40
Valuation
STRETCHED
20
Growth
STRONG
74
Profitability
HIGH
88
Technicals
BEARISH
23
Risk
MODERATE
50
Key Stats
TTM PE
67.98
P/B
20.31
52W HIGH
₹6100.0
OFF HIGH
-32.41%
DIV YIELD
1.14%
MKT CAP
₹114663 Cr
◉ Active Signals
MACDBearish-30.7537
RSI(14)Bearish35.92
Near 52W LowBearish6.18
Street Consensus
23 analysts₹5679.7
mean target
Low ₹3420.0Now ₹4123.1High ₹7100.0
⧉ Strategy Fit 🔒