# CUMMINSIND (CUMMINSIND) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/cumminsind

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹5,100
- Change: +1.59%
- As of: 2026-09-18
- 1D return: +1.58%
- 5D return: -1.08%
- 1M return: -2.03%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, CUMMINSIND's technical stance is mixed across timeframes, with a daily outlook showing signs of pressure while longer-term views remain constructive. On the daily chart, the price at ₹5099.5 is below key moving averages like the 20-day EMA (₹5111.05) and 50-day SMA (₹5318.8), indicating short-term weakness, and the Supertrend is bearish. This contrasts with the monthly timeframe, where the price is above the 20-day EMA (₹4503.56) and the Supertrend is bullish, suggesting underlying strength. The weekly chart presents a blend, with the price below the 20-day EMA (₹5253.82) but above the 50-day EMA (₹4880.02) and a bullish Supertrend. Recent formations include an active Hammer pattern on the weekly chart and a Doji on the monthly chart, both as of September 18, 2026. The stock's risk profile includes an annualized volatility of 29% and a current drawdown of -15%.

Nearest support is observed around ₹5083.0, approximately 0.32% below the current price, followed by ₹4994.5. Resistance is noted at ₹5118.0, about 0.36% above the current price, with further resistance at ₹5192.5. The stock has experienced an extreme downward anomaly on September 15, 2026, with a 4.98 z-score and a 4% return on a wide intraday range. Watch conditions include monitoring the price action around the ₹5083.0 support level and the ₹5118.0 resistance level. A sustained move below support could indicate further downside, while a break above resistance might signal a resumption of upward momentum.

- Current price on September 18, 2026, is ₹5099.5.
- Nearest support level is ₹5083.0 (approx. 0.32% below current price).
- Nearest resistance level is ₹5118.0 (approx. 0.36% above current price).
- Daily timeframe shows bearish signals with price below key EMAs and Supertrend.
- Monthly timeframe remains bullish with price above EMAs and Supertrend.
- Active weekly Hammer and monthly Doji patterns were noted on September 18, 2026.
- Annualized volatility is 29% with a current drawdown of -15%.

- Hammer
- Doji
- Harami
- Outside Bar
- Bullish Engulfing Reversal

### What Changed

As of September 18, 2026, Cummins India's stock traded at ₹5,099.5, a slight increase from its previous price of ₹5,020.0. The available data does not indicate any new filings or news developments for the company. The daily and weekly trends for the stock were not available for comparison on the observation date.

- Stock price on September 18, 2026: ₹5,099.5
- Previous stock price: ₹5,020.0
- Observation date for price change: September 18, 2026

### Official Filings

Cummins India Limited has announced that the final dividend of ₹46 per equity share for the financial year 2025-26, declared on August 6, 2026, will be withheld for shareholders whose folios are not KYC compliant or have incomplete bank details. The company has communicated this directly to affected shareholders on September 17, 2026, stating that the dividend will be released once KYC and bank details are updated. In other developments, the company is seeking shareholder approval via postal ballot for paying commission to its Non-executive Independent Directors, not exceeding one percent per annum of net profits, for five financial years starting April 1, 2026, to March 31, 2031. The voting period for this ordinary resolution is from September 15 to October 15, 2026. Additionally, Ms. Avanthi Rao has been appointed as Vice President – Distribution Business and Senior Management Personnel, effective October 1, 2026. This follows the resignation of Mr. Pankaj Kapoor, a Senior Management Personnel, effective September 21, 2026.

- On September 17, 2026, Cummins India Limited informed shareholders that the final dividend of ₹46 per equity share for FY 2025-26 is withheld for folios with non-compliant KYC or incorrect bank details.
- Shareholder approval is being sought via postal ballot (September 15 - October 15, 2026) for paying commission to Non-executive Independent Directors, not exceeding 1% of net profits annually, for five financial years starting April 1, 2026.
- Ms. Avanthi Rao's appointment as Vice President – Distribution Business and Senior Management Personnel is effective October 1, 2026.
- Mr. Pankaj Kapoor resigned as Senior Management Personnel, effective September 21, 2026.

- Cummins India Limited has informed the Exchange regarding 'Intimation to shareholders regarding withholding of Final Dividend for FY 2025-26 for KYC Non-Compliant Folio(s).'. |SUBJECT: Updates
- Cummins India Limited has informed the Exchange about Copy of Newspaper Publication of Notice of Postal Ballot and E-voting Information. |SUBJECT: Copy of Newspaper Publication
- Cummins India Limited has informed the Exchange regarding a press release dated September 15, 2026, titled "Cummins India Unveils Next-Generation Power Solutions and Showcases Smart Aftermarket Solutions at bauma CONEXPO India 2026". |SUBJECT: Press Release
- Cummins India Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting
- Cummins India Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Cummins India Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "Cummins India To Showcase Integrated Power Solutions For India s Evolving Infrastructure Needs At bauma CONEXPO India 2026". |SUBJECT: Press Release
- Cummins India Limited has informed the Exchange about Copy of Newspaper Publication regarding proposed postal ballot. |SUBJECT: Copy of Newspaper Publication
- Cummins India Limited has informed the Exchange regarding Appointment of Ms. Avanthi Rao as Vice President Distribution Business and a Senior ManagementPersonnel of the Company w.e.f. October 01, 2026. |SUBJECT: Appointment
- Cummins India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Cummins India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA

### Fundamentals

Cummins India's recent financial performance shows a mixed trajectory. For the quarter ending June 2027 (Q1 FY2026-27), Revenue from Operations was ₹3,426.01 crore. This follows a reported Revenue from Operations of ₹3,011.18 crore for Q4 FY2025-26 and ₹3,054.92 crore for Q3 FY2025-26. Profit Before Tax (PBT) for Q1 FY2026-27 stood at ₹697.01 crore, a decrease from ₹765.68 crore in Q4 FY2025-26, but an increase from ₹568.77 crore in Q3 FY2025-26. The company's operating profit margin (OPM) was 18% in Q1 FY2026-27, down from 21% in Q4 FY2025-26 and 21% in Q3 FY2025-26. Net profit for Q1 FY2026-27 was ₹609.00 crore, compared to ₹530.00 crore in Q4 FY2025-26 and ₹530.00 crore in Q3 FY2025-26. The company's financial health appears stable, with total assets growing from ₹6,060 crore in March 2019 to ₹11,304 crore by March 2026. Borrowings have seen a significant reduction from ₹512 crore in March 2020 to ₹37 crore by March 2026. Free cash flow has shown an upward trend, increasing from ₹279 crore in March 2019 to an estimated ₹1,487 crore by March 2026. Key monitoring areas include the trend in operating profit margins and the management of working capital, which has seen fluctuations, with Working Capital Days at 48 in March 2024 and projected to be 53 by March 2026.

- For Q1 FY2026-27, Revenue from Operations was ₹3,426.01 crore.
- Profit Before Tax (PBT) for Q1 FY2026-27 was ₹697.01 crore.
- Operating Profit Margin (OPM) for Q1 FY2026-27 was 18%.
- Net Profit for Q1 FY2026-27 was ₹609.00 crore.
- Borrowings reduced from ₹512 crore (Mar 2020) to an estimated ₹37 crore (Mar 2026).

### Bull Case

Cummins India has demonstrated consistent growth in its top and bottom lines over the past five years, with compounded sales growth at 23% and compounded profit growth at 31%. This growth trajectory continued into the latest reported period, with TTM (Trailing Twelve Months) sales growth at 15% and profit growth at 14%. The company's operational efficiency is reflected in its cash flow from operations, which increased from ₹553 crore in March 2019 to ₹601 crore in March 2020. Furthermore, free cash flow generation improved to ₹364 crore in March 2020 from ₹279 crore in March 2019, indicating a stronger ability to fund its operations and investments. The company has also increased its investments, with a rise from ₹468 crore in March 2019 to ₹1038 crore in March 2020, alongside an increase in fixed assets from ₹2015 crore to ₹2270 crore over the same period, suggesting reinvestment in its business infrastructure.

- Compounded sales growth over 5 years was 23% and compounded profit growth was 31%.
- TTM sales growth was 15% and TTM profit growth was 14%.
- Cash flow from operations increased from ₹553 crore (Mar 2019) to ₹601 crore (Mar 2020).
- Free cash flow improved from ₹279 crore (Mar 2019) to ₹364 crore (Mar 2020).
- Investments increased from ₹468 crore (Mar 2019) to ₹1038 crore (Mar 2020).

- Hyderabad leads emergence of India’s new data centre hubs | Mint

### Bear Case

The company's balance sheet shows an increase in borrowings from ₹313 crore in March 2019 to ₹512 crore in March 2020. While equity capital remained stable at ₹55 crore, reserves grew from ₹4228 crore to ₹4347 crore over the same period. Investments also saw a significant rise from ₹468 crore to ₹1038 crore between March 2019 and March 2020. In terms of cash flow, while operating cash flow increased to ₹601 crore in March 2020 from ₹553 crore in March 2019, and free cash flow rose to ₹364 crore from ₹279 crore, the net cash flow turned negative at -₹14 crore in March 2020, compared to a positive ₹43 crore in March 2019. This shift to a negative net cash flow, coupled with rising debt and investments, warrants attention.

- Borrowings increased from ₹313 crore in March 2019 to ₹512 crore in March 2020.
- Investments grew substantially from ₹468 crore in March 2019 to ₹1038 crore in March 2020.
- Net cash flow shifted from positive ₹43 crore in March 2019 to negative ₹14 crore in March 2020.

- Hyderabad leads emergence of India’s new data centre hubs | Mint

### FAQs

**How has Cummins India's financial position changed between March 2019 and March 2020?**

Between March 2019 and March 2020, Cummins India's balance sheet showed several changes. Total Assets increased from ₹6,060 crore to ₹6,196 crore. Within assets, Fixed Assets grew from ₹2,015 crore to ₹2,270 crore, and Investments significantly increased from ₹468 crore to ₹1,038 crore, while Other Assets decreased from ₹3,418 crore to ₹2,809 crore. On the liabilities side, Borrowings rose from ₹313 crore to ₹512 crore, and Equity Capital remained stable at ₹55 crore, with Reserves increasing from ₹4,228 crore to ₹4,347 crore. Total Liabilities mirrored Total Assets, increasing from ₹6,060 crore to ₹6,196 crore.

**What has been the trend in Cummins India's cash flow from operations and free cash flow?**

Cummins India has shown an increase in its cash flow generation. Cash from Operating Activity rose from ₹553 crore in March 2019 to ₹601 crore in March 2020. Similarly, Free Cash Flow increased from ₹279 crore in March 2019 to ₹364 crore in March 2020. The Cash from Financing Activity was negative in both periods, decreasing from -₹525 crore in March 2019 to -₹412 crore in March 2020, indicating debt repayment or dividend payouts.

**What are the recent corporate announcements from Cummins India?**

Recent announcements include Cummins India's decision to withhold the final dividend for FY 2025-26 for shareholders with non-compliant KYC or incomplete bank details, with communications sent on September 17, 2026. The company also published newspaper advertisements on September 16, 2026, regarding a Postal Ballot and e-voting for resolutions, with voting open from October 15, 2026. A press release on September 15, 2026, announced the unveiling of next-generation power solutions and aftermarket solutions at bauma CONEXPO India 2026. Additionally, the company is seeking shareholder approval via postal ballot for paying commission to its Non-executive Independent Directors for five financial years starting April 1, 2026.

**What is the current technical trend for Cummins India based on daily and monthly indicators?**

As of September 18, 2026, the daily trend for Cummins India shows a 'bearish' Supertrend at ₹5,294.98, with the closing price at ₹5,099.5. Technical indicators like ADX (27.41), minus DI (24.39), and plus DI (20.14) suggest some trend strength but also mixed directional signals. In contrast, the monthly trend indicates a 'bullish' Supertrend at ₹4,038.38, with a higher ADX (54.21) and a stronger plus DI (28.23) compared to minus DI (13.53), suggesting a more established upward trend on a longer timeframe.

- Hyderabad leads emergence of India’s new data centre hubs | Mint
- Cummins India Limited has informed the Exchange regarding 'Intimation to shareholders regarding withholding of Final Dividend for FY 2025-26 for KYC Non-Compliant Folio(s).'. |SUBJECT: Updates
- Cummins India Limited has informed the Exchange about Copy of Newspaper Publication of Notice of Postal Ballot and E-voting Information. |SUBJECT: Copy of Newspaper Publication
- Cummins India Limited has informed the Exchange regarding a press release dated September 15, 2026, titled "Cummins India Unveils Next-Generation Power Solutions and Showcases Smart Aftermarket Solutions at bauma CONEXPO India 2026". |SUBJECT: Press Release
- Cummins India Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting
- Cummins India Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹4,994.5
- Risk regime: Price Risk Requires Attention

### Support levels
- 5083
- 4244.2
- 3833

### Resistance levels
- 5202.934375
- 5287.2125
- 5481.40625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.58% |
| return_10 | +0.56% |
| return_1m | -4.68% |
| return_1y | +24.35% |
| return_20 | -2.03% |
| return_3m | -12.95% |
| return_5 | -1.08% |
| return_6m | +8.10% |
| return_since_start | +57.85% |
| return_ytd | +14.07% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -19.14% |
| annualized_volatility | +29.37% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Expansion Fails To Translate Into Profit Growth As Operating Costs Rise

Cummins India Limited reported its highest quarterly revenue in the recent reporting period for the quarter ended June 30, 2026 (FY2026-27 Q1), growing nearly 18% compared to the same quarter last year. However, this top-line increase did not result in higher earnings. Profit before tax fell slightly year-over-year and dropped notably from the previous quarter, while net profit remained virtually unchanged. The gap between revenue growth and profit stagnation reflects faster-rising operating costs and input expenses that absorbed the additional sales.

## Revenue Growth
Revenue from operations reached ₹3,426.01 crore, up 17.86% from ₹2,906.82 crore in the corresponding quarter last year and 13.78% from ₹3,011.18 crore in the prior quarter. This marks the highest revenue level recorded across the reporting periods. Segment revenue followed a parallel trajectory, rising 18.06% year-over-year to ₹3,374.93 crore and increasing 13.89% sequentially. The alignment between total revenue and segment revenue confirms that the growth originated from core business activities rather than peripheral sources.

## Profitability and Margin Compression
Despite the revenue surge, profit before tax declined 3.11% year-over-year to ₹697.01 crore from ₹719.39 crore, and fell 8.97% sequentially from ₹765.68 crore. Net profit for the period came in at ₹609.30 crore, essentially flat compared to ₹603.90 crore a year earlier, though it decreased 6.18% from the previous quarter. 

The divergence between top-line growth and flat earnings is driven by margin compression. Profit before tax as a percentage of revenue dropped from 24.75% to 20.34%. Similarly, the segment-level profit margin contracted from 27.45% to 23.31%. These declines indicate that the costs required to generate the additional revenue increased at a faster pace than the revenue itself.

## Operating Cost Pressure
While specific expense categories are limited in the reported data, the available line items show clear upward pressure. Other operating expenses rose 18.01% year-over-year to ₹297.68 crore and accelerated to a 20.69% sequential increase. Finance costs, though relatively small, climbed 47.17% year-over-year to ₹3.90 crore. Material consumption costs stood at ₹2,094.41 crore, and employee benefits accounted for ₹233.12 crore during the quarter. The combined expansion of these expense lines outpaced the 17.86% revenue growth, directly contributing to the observed margin contraction.

## Segment Results and Other Income
Segment-level profitability mirrored the overall company trend. Segment profit before tax edged up just 0.28% year-over-year to ₹786.84 crore from ₹784.67 crore, despite the 18% jump in segment revenue. This underscores that the core operating units experienced the same revenue-cost imbalance as the consolidated entity.

Other income contributed ₹137.34 crore, representing roughly 19.7% of the total pre-tax profit. Its size provided a meaningful buffer that helped keep net profit stable year-over-year despite the decline in operating profitability.

## Management Commentary

Management reported a steady start to the fiscal year with total sales up 18% YoY, driven by robust domestic demand (up 22% YoY). Exports remained flat but resilient despite geopolitical headwinds. However, higher commodity costs and inflation pressured margins, with PBT margin at 21.4% slightly lower YoY. The company expects business momentum to remain steady but cautions that inflationary pressures and supply chain constraints will likely persist. Management will focus on disciplined execution, cost management, and operational efficiencies. Separately, Managing Director Shveta Arya resigned effective August 31, 2026; the board is evaluating candidates for the role.

## Key Takeaway
Cummins India achieved its strongest quarterly revenue in the recent reporting period, yet earnings failed to expand proportionally. Faster-growing operating costs and input expenses compressed profit margins, leaving pre-tax profit down and net profit flat compared to the prior year. A notable contribution from other income partially cushioned the operating decline, but the quarter ultimately highlights a business where top-line momentum is being offset by rising cost pressures.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_17092026105004_SEIntimationNonkycRejectionFinal.pdf)
- 2026-09-16 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_16092026154426_SEintimationNewspapersPBFinal.pdf)
- 2026-09-15 — Press Release: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_15092026123759_SEIntimationPressReleaseFinal.pdf)
- 2026-09-15 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_15092026192427_SEintimationNoticeofPBFinal.pdf)
- 2026-09-15 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_173_WebXMLFile_20260915_192722362.xml)
- 2026-09-09 — Press Release: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_09092026161220_SEintimationPressRelease.pdf)
- 2026-09-03 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_03092026160008_SEIntimationNewspaperadvPBfinal.pdf)
- 2026-09-02 — Management Change: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_02092026175031_SEintimationSMPAppt01092026.pdf)
- 2026-09-02 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_173_WebXMLFile_20260902_175342414.xml)
- 2026-08-20 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_173_WebXMLFile_20260820_174134926.xml)
- 2026-08-20 — Management Change: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_ROID_96803_KMP_Doc.zip)
- 2026-08-20 — Management Change: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_20082026172933_SEintimation20082026.pdf)
- 2026-08-18 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_18082026181845_ScheduleofAnalystscall_Final.pdf)
- 2026-08-18 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_173_WebXMLFile_20260818_182134943.xml)
- 2026-08-13 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_173_WebXMLFile_20260813_204240296.xml)
- 2026-08-13 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_13082026203819_ScheduleofAnalystscall.pdf)
- 2026-08-13 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_13082026142055_SE_Intimation_Newspaper_Covering__August_Publication__Signed.pdf)
- 2026-08-11 — Press Release: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_11082026172947_SEIntimationTranscriptQ1Final.pdf)
- 2026-08-11 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_173_WebXMLFile_20260811_173441435.xml)
- 2026-08-07 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_07082026201251_SEIntimationVRScrutinizerReport.pdf)
- 2026-08-07 — Management Change: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_07082026201407_SEIntimationVRScrutinizerReport.pdf)
- 2026-08-07 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_07082026183707_NewspaperAdFRFinal.pdf)
- 2026-08-06 — Generic Announcement: Cummins India Limited's Managing Director, Ms. Shveta Arya, presented at the 65th Annual General Meeting on August 6, 2026. The company reported annual revenue of ₹11,950 crore and profit before interest and tax (PBIT) of ₹3,117 crore for FY 2025-26. Key business highlights included delivering over 26,000 gensets and launching new power solutions like a CPCB IV+ compliant genset and a Battery Energy Storage System (BESS). — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_06082026163510_SEIntimationMDPresentation.pdf)
- 2026-08-06 — Generic Announcement: Cummins India Limited has uploaded the audio recording of its investor/analyst conference call held on August 06, 2026, to the company's website. This follows a previous intimation on July 27, 2026, regarding the call for Q1 FY2026-27 Results. — [Official attachment](https://nsearchives.nseindia.com/corporate/CUMMINSIND_06082026175638_SEIntimationAnalystCallRecording.pdf)
- 2026-08-06 — Generic Announcement: Cummins India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_173_WebXMLFile_20260806_175114307.xml)

## News and market events

- 2026-09-17 — Mint: **Hyderabad leads emergence of India’s new data centre hubs | Mint** — By end-2030, Hyderabad and other emerging hubs are expected to see a six-fold rise in data centre capacity to 1.1 gigawatts (GW), implying an annualized growth of 58%. — [Source](https://www.livemint.com/technology/india-data-centre-capacity-hyderabad-dholera-ai-google-adani-11789615527566.html)
- 2026-09-11 — Mint: **India’s data centre surge is powering a massive boom in sales of generator sets | Mint** — With data centres operating continuously, generator sets have become imperative to keep their IT infrastructure, cooling systems and lighting running in the event of an outage. — [Source](https://www.livemint.com/industry/energy/india-data-centres-power-backup-gensets-electricity-supply-cummins-india-kirloskar-oil-engines-sterling-green-power-11789098449257.html)
- 2026-09-10 — The Hindu: **Cummins India To Showcase Integrated Power Solutions For India’s Evolving Infrastructure Needs At bauma CONEXPO India 2026** — Cummins India To Showcase Integrated Power Solutions For India’s Evolving Infrastructure Needs At bauma CONEXPO India 2026 — [Source](https://www.thehindubusinessline.com/brandhub/pr-release/cummins-india-to-showcase-integrated-power-solutions-for-indias-evolving-infrastructure-needs-at-bauma-conexpo-india-2026/article71450359.ece)
- 2026-09-10 — Mint: **Swiggy, Jindal Steel among stocks to buy? Kotak Securities' expert bullish on 3 shares for short term | Do you own any?** — Stocks to buy: Kotak Securities' Amol Athawale identifies three stocks—Swiggy, Cummins India, and Jindal Steel—that traders should consider in the short term. With specific targets and strategic stop-loss levels, these tips could help navigate the volatility. — [Source](https://www.livemint.com/market/stock-market-news/swiggy-jindal-steel-among-stocks-to-buy-kotak-securities-expert-bullish-on-3-shares-for-short-term-do-you-own-any-11789026733235.html)
- 2026-08-16 — BUSINESSTODAY: **SBI Securities bullish on banks, NBFCS, defence; Shriram, Baja Fin, L&T, BEL are top picks** — SBI Securities Sunny Agrawal, SBI Securities stock picks, Sunny Agrawal stock picks, Q1FY27 earnings, stocks to buy, banking stocks to buy, NBFC stocks to buy, defence stocks to buy, SBI Securities recommendations, Indian stock market, corporate earnings India, Shriram Finance, Bajaj Finance, Mahindra & Mahindra Financial Services, Northern Arc, Bharat Electronics, Larsen & Toubro, Siemens Energy, Cummins India, Sunny Agrawal SBI Securities latest stock picks, SBI Securities top stocks to buy, SBI Securities Q1FY27 earnings outlook, best NBFC stocks to buy in India, SBI Securities banking and NBFC outlook, defence stocks recommended by SBI Securities — [Source](https://www.businesstoday.in/markets/stocks/story/sbi-securities-bullish-on-banks-nbfcs-defence-shriram-finance-bajaj-finance-lt-bel-are-top-picks-549453-2026-08-16)
- 2026-08-09 — Economic Times: **Mahindra Group appoints Shveta Arya as Group Chief Strategy Officer** — Mahindra Group announced Shveta Arya's appointment as Group Chief Strategy Officer. She will lead the Group Strategy Office, identifying growth opportunities. Arya joins from Cummins India, bringing over twenty-three years of experience. She will report to Mahindra Group CEO and Managing Director Anish Shah. Her role involves driving long-term strategic advantage across the company's businesses. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/mahindra-group-appoints-shveta-arya-as-group-chief-strategy-officer/articleshow/133070636.cms)
- 2026-08-09 — CNBC-TV18: **Mahindra Group appoints Shveta Arya as Group Chief Strategy Officer** — Mahindra Group has appointed Shveta Arya as Group Chief Strategy Officer, effective September 15. Arya, who was Managing Director of Cummins India, will join Mahindra’s senior management and Group Executive Board. — [Source](https://www.cnbctv18.com/market/mahindra-group-appoints-former-cummins-india-md-shveta-arya-group-chief-strategy-officer-19965141.htm)
- 2026-08-09 — Economic Times: **bMahindra appoints former Cummins India MD Shveta Arya as Group Chief Strategy Officer/b** — Mahindra Group has appointed Shveta Arya as the new Group Chief Strategy Officer, effective September 15, 2026. Arya brings over 23 years of experience from leading multinational organizations and will focus on growth opportunities and strategic development across Mahindra's diverse business portfolio. — [Source](https://auto.economictimes.indiatimes.com/news/industry/mahindra-appoints-former-cummins-india-md-shveta-arya-as-group-chief-strategy-officer/133070422)
- 2026-08-09 — BUSINESSTODAY: **Mahindra Group ropes in Cummins India MD Shveta Arya as Chief Strategy Officer** — Mahindra Group ropes in Cummins India MD Shveta Arya as Chief Strategy Officer — [Source](https://www.businesstoday.in/jobs/story/mahindra-group-ropes-in-cummins-india-md-shveta-arya-as-chief-strategy-officer-548193-2026-08-09)
- 2026-08-07 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: GIFT Nifty 90 pts lower; Jefferies raises target for Premier Eng** — Sensex Today | Stock Market Live Updates: The index holding on to 24,500 levels on the downside is something that the bulls will be pleased with as analysts believe it is forming a base for a move, first towards 24,800, and eventually to record levels. Crude oil prices though, have staged a minor rebound overnight with brent returning to above $80 a barrel. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-cas-tata-hero-pgel-lic-sci-sbi-ncc-premier-crompton-midcaps-share-price-liveblog-19963799.htm)
- 2026-08-06 — CNBC-TV18: **From Trent and Britannia to LIC: Thursday's biggest earnings winners, losers and surprises** — Retail, FMCG, insurance and pharma dominated another busy day of results, but the biggest market moves came from the details hidden beneath the headline numbers. — [Source](https://www.cnbctv18.com/market/earnings/trent-britannia-lic-earnings-aug-6-biggest-q1-results-winners-losers-and-surprises-19963637.htm)
- 2026-08-06 — BUSINESSTODAY: **Cummins India stock outlook: Why this earnings-led fall may not derail the rally** — Cummins India share price, Cummins India Q1FY27 results, Cummins India target price, Cummins India stock outlook, Cummins India technical analysis, Cummins India support level, Jai Thakur on Cummins India, Capital goods stocks, Industrial stocks India, Cummins India investment strategy, Cummins India latest news, Engineering sector stocks — [Source](https://www.businesstoday.in/markets/stocks/story/cummins-india-stock-outlook-why-this-earnings-led-fall-may-not-derail-the-rally-547691-2026-08-06)
- 2026-08-06 — CNBC-TV18: **11:11 | RBI's expected, pleasant and puzzling; oil stays subdued as US-Iran truce holds** — A day after the RBI policy, our veteran markets and macroeconomics editor Latha Venkatesh breaks down the expected, the pleasant surprise and the puzzling. Plus, easing West Asia tensions keep oil subdued, alongside the day's top market, business and policy stories in today's 11:11 roundup. — [Source](https://www.cnbctv18.com/business/1111-rbis-expected-pleasant-and-puzzling-oil-stays-subdued-as-us-iran-truce-holds-19963024.htm)
- 2026-08-06 — CNBC-TV18: **Q1 Results LIVE Updates: Swiggy rises 5% on 5-year growth strategy; Ixigo, Lupin report today** — Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday's trading session on Dalal Street. Result reactions today come from PB Fintech, Aurobindo Pharma, Cummins India, GE Vernova T&D, ION Exchange and many others. Watch this space for all the LIVE Q1 result updates, management and brokerage commentary along with stock moves. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-cummins-ge-vernova-td-pb-fintech-trent-britannia-hero-lupin-samil-pgel-apollo-tyres-sci-ncc-hcc-premier-energies-share-price-liveblog-19962840.htm)
- 2026-08-06 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty makes minor recovery as markets remain volatile** — Sensex Today | Stock Market LIVE Updates: The markets are once again moving on a cautious note, with the Nifty trading flat around the 24,600 mark. The Nifty Bank is also in the same state, trying to scale the 58,000 mark. Titan, Reliance and Eternal are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hdfc-bank-aurobindo-cummins-biocon-pb-fintech-lic-trent-share-price-liveblog-19962846.htm)

## Business profile

**Strategic vision:** Manufactures diesel and natural gas engines for various markets.

### Business segments
- **Engine Business:** This unit is responsible for manufacturing engines tailored for both on-highway commercial vehicle markets and the off-highway commercial equipment industry.
- **Power Systems Business:** This unit specializes in the design and manufacturing of engines for a diverse array of sectors, including marine, railways, defense, and mining. Additionally, it develops integrated generator sets marketed under the Cummins Power Generation brand.
- **Distribution Business:** This unit focuses on the distribution network for the company's extensive range of products and associated services.

### Competitive strengths
- Extensive product portfolio including engines, generators, alternators, and silencers.
- Comprehensive service offerings such as repair, repowering, replacement, maintenance, and aftersales support.
- Global market reach serving customers across multiple continents.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/cumminsind
Markdown representation: https://faxioms.com/stocks/cumminsind?render=md