Cummins India Limited (NSE:CUMMINSIND)

Cummins India Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	127,933	121,432	103,907	90,002	77,721	61,709
Revenue Growth	9.87%	16.87%	15.45%	15.80%	25.95%	41.53%
Gross Profit Gross Profit Growth	43,918	44,179	37,453	31,791	25,050	20,261
Operating Income Operating Income Growth	23,951	25,825	20,708	17,816	12,861	9,063
Net Income Net Income Growth	22,520	23,618	19,999	17,206	12,282	9,337
Earnings Per Share EPS Growth	81.24	85.20	72.15	62.07	44.31	33.68
EPS Growth	-2.69%	18.09%	16.24%	40.09%	31.53%	47.04%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Engines Engines Growth	125,918	119,497	102,192	88,600	76,414	60,570
Lubes Lubes Growth	36,732	30,091	23,523	22,547	21,488	16,938
Elimination/Adjustments Elimination/Adjustments Growth	-36,732	-30,091	-23,523	-22,547	-21,488	-16,938
Total Total Growth	125,918	119,497	102,192	88,600	76,414	60,570

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	37,582	39,071	34,282	26,777	24,404	22,058
Total Debt Total Debt Growth	372.3	365.1	296.6	1,270	3,761	4,175
Net Cash (Debt) Net Cash Growth	37,210	38,706	33,986	25,507	20,644	17,882
Net Cash Growth	11.38%	13.89%	33.24%	23.56%	15.44%	34.82%
Net Cash Per Share Net Cash Per Share Growth	134.24	139.63	122.60	92.02	74.47	64.51

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	20,126	17,343	16,826	12,853	8,197	7,119
Capital Expenditures CapEx Growth	-2,310	-2,517	-2,260	-2,882	-1,621	-1,520
Free Cash Flow Free Cash Flow Growth	17,816	14,826	14,566	9,972	6,576	5,599
Free Cash Flow Growth	19.29%	1.79%	46.07%	51.64%	17.46%	-21.22%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	34.33%	36.38%	36.05%	35.32%	32.23%	32.83%
Operating Margin	18.72%	21.27%	19.93%	19.79%	16.55%	14.69%
Pretax Margin	22.71%	25.41%	24.95%	24.50%	20.47%	19.56%
Profit Margin	17.60%	19.45%	19.25%	19.12%	15.80%	15.13%
FCF Margin	13.93%	12.21%	14.02%	11.08%	8.46%	9.07%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 12, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	66.000	66.000	51.500	38.000	25.000	18.500
Dividend Per Share Growth	28.16%	28.16%	35.53%	52.00%	35.13%	23.33%
Dividend Yield	1.55%	1.47%	1.69%	1.26%	1.54%	1.65%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 12, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	52.41	52.82	42.27	48.46	36.77	33.36
P/FCF Ratio	65.89	84.15	58.05	83.62	68.67	55.65
PS Ratio	9.18	10.27	8.14	9.26	5.81	5.05

Data Source: S&P Global Market Intelligence Last updated: Nov 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

Data Sources Report a data error