Cummins India Stock Forecast

Stock Price Forecast

According to 23 analysts polled by S&P Global, Cummins India stock has a consensus rating of "Hold" and an average price target of ₹5,680. The average 1-year stock price forecast is 2.90% lower than the current stock price, while the lowest is ₹3,420 (-41.53%) and the highest is ₹7,100 (+21.38%).

Price Target: ₹5,680 (-2.90%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹3,420	₹5,680	₹5,800	₹7,100
Change	-41.53%	-2.90%	-0.85%	+21.38%

Analyst Ratings

The average analyst rating for Cummins India stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	11	9	9	8	9	9
Buy	4	5	5	5	1	2
Hold	3	4	4	4	5	4
Sell	2	2	2	2	4	4
Strong Sell	3	3	3	3	4	4
Total	23	23	23	22	23	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Atul Tiwari J.P. Morgan	J.P. Morgan	Hold Downgrades ₹5,882	Hold	Downgrades	₹5,882	+0.56%	Jun 2, 2026
Unknown Analyst IDBI Capital No rating	IDBI Capital	Hold Maintains ₹4,401	Hold	Maintains	₹4,401	-24.76%	Feb 5, 2026

Financial Forecast

Revenue This Year

140.39B

from 121.43B

15.61%

from 121.43B

Revenue Next Year

165.53B

from 140.39B

17.90%

from 140.39B

EPS This Year

98.13

from 87.45

12.21%

from 87.45

EPS Next Year

116.27

from 98.13

18.48%

from 98.13

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	61.71B	77.72B	90.00B	103.91B	121.43B	140.39B
Revenue Growth	41.53%	25.95%	15.80%	15.45%	16.87%	15.61%
Gross Profit	20.26B	25.05B	31.79B	37.45B	44.75B	50.03B
Gross Margin	32.83%	32.23%	35.32%	36.05%	36.85%	35.63%
Operating Income	9.06B	12.86B	18.13B	21.18B	29.14B	27.94B
Net Income	9.34B	12.28B	17.21B	20.00B	23.62B	27.28B
EPS	-	-	-	-	87.45	98.13
EPS Growth	-	-	-	-	27.20%	12.21%
Forward PE	-	-	-	-	-	59.61
Dividend / Share	18.50	25.00	38.00	51.50	66.00	63.77
Dividend Growth	-	35.14%	52.00%	35.53%	28.16%	-3.37%
Free Cash Flow	5.38B	5.20B	8.13B	12.66B	13.41B	19.54B
No. Analysts	-	-	-	-	-	18

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	144.9B
Avg	140.4B
Low	135.7B

Revenue Growth

Revenue Growth	2027	2028	2029
High	19.3%
Avg	15.6%
Low	11.7%

EPS Forecast

EPS	2027	2028	2029
High	106.80
Avg	98.13
Low	92.89

EPS Growth

EPS Growth	2027	2028	2029
High	22.1%
Avg	12.2%
Low	6.2%