Cummins India Limited (NSE:CUMMINSIND)
India flag India · Delayed Price · Currency is INR
4,258.20
+28.40 (0.67%)
Nov 12, 2026, 3:29 PM IST

Cummins India Stock Forecast

Stock Price Forecast

According to 22 analysts polled by S&P Global, Cummins India stock has a consensus rating of "Buy" and an average price target of ₹5,771. The average 1-year stock price forecast is 35.52% higher than the current stock price, while the lowest is ₹3,500 (-17.81%) and the highest is ₹7,177 (+68.55%).

Price Target: ₹5,771 (+35.52%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₹3,500₹5,771₹6,086₹7,177
Change-17.81%+35.52%+42.92%+68.55%
* Price targets were last updated on Jun 2, 2026.

Analyst Ratings

The average analyst rating for Cummins India stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingJun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Strong Buy9911111212
Buy222244
Hold444444
Sell444411
Strong Sell441111
Total232322222222

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Hold
Downgrades
₹5,882
HoldDowngrades₹5,882+38.13%Jun 2, 2026

Financial Forecast

Revenue This Year
140.86B
from 121.43B
Increased by 16.00%
Revenue Next Year
167.86B
from 140.86B
Increased by 19.16%
EPS This Year
90.70
from 87.45
Increased by 3.71%
EPS Next Year
113.13
from 90.70
Increased by 24.73%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingMar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025Mar 31, 2026Mar 31, 2027
Revenue
61.71B77.72B90.00B103.91B121.43B140.86B
Revenue Growth
41.53%25.95%15.80%15.45%16.87%16.00%
Gross Profit
20.26B25.05B31.79B37.45B44.18B47.19B
Gross Margin
32.83%32.23%35.32%36.05%36.38%33.50%
Operating Income
9.06B12.86B17.82B20.71B25.82B26.04B
Net Income
9.34B12.28B17.21B20.00B23.62B25.08B
EPS
----87.4590.70
EPS Growth
----27.20%3.71%
Forward PE
-----46.95
Dividend / Share
18.5025.0038.0051.5066.0063.37
Dividend Growth
23.33%35.14%52.00%35.53%28.16%-3.98%
Free Cash Flow
----14.83B17.31B
No. Analysts
-----11
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202720282029
High143.1B
Avg140.9B
Low137.2B

Revenue Growth

Revenue Growth202720282029
High
17.8%
Avg
16.0%
Low
13.0%

EPS Forecast

EPS202720282029
High93.70
Avg90.70
Low81.80

EPS Growth

EPS Growth202720282029
High
7.1%
Avg
3.7%
Low
-6.5%