CUMMINSIND
Cummins India Limited
Each stock's 10,000-path forecast, rendered as light.
Cummins India Limited (CUMMINSIND) Stock Analysis & Case Study
Is CUMMINSIND a good buy? The data-driven verdict.
Cummins India Limited (CUMMINSIND) trades at ₹5,426,on the numbers it worth a closer look, a Downstox Snapshot Score of 60/100.
On the numbers, Cummins India Limited (CUMMINSIND) worth a closer look, a Downstox Snapshot Score of 60/100, weighing expensive at 61.7× earnings, ROE of 30.2%, a 63% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
CUMMINSIND fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How CUMMINSIND ranks against the 2,374 companies in our screener
- CUMMINSIND's market cap of 1.51L Cr ranks in the top 3% of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
- CUMMINSIND's book value of ₹306 ranks in the 81st percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
- CUMMINSIND's promoter holding of 51.0% ranks in the 32nd percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
- CUMMINSIND's 3-year profit (PAT) growth of 26.0% ranks in the 65th percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
- CUMMINSIND's 3-year revenue growth of 16.0% ranks in the 65th percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
We do not hold a debt-to-equity ratio figure for CUMMINSIND, as of 10 Aug 2026, so it is not ranked here.
Is CUMMINSIND overvalued? CUMMINSIND P/E vs its Capital Goods
CUMMINSIND's P/E of 61.7× sits above the Capital Goods peer median of 58.3×, so on earnings it screens in line with peers, while its 1.22% dividend yield is above the peer median of 0.46%.
CUMMINSIND share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of CUMMINSIND history (18%/yr drift, 30%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| CUMMINSIND 2027 | ₹4,081 | ₹6,028 | ₹8,905 | +11% |
| CUMMINSIND 2028 | ₹3,850 | ₹6,671 | ₹11,557 | +22% |
| CUMMINSIND 2029 | ₹3,760 | ₹7,381 | ₹14,492 | +35% |
| CUMMINSIND 2030 | ₹3,755 | ₹8,168 | ₹17,767 | +50% |
| CUMMINSIND 2031 | ₹3,898 | ₹9,038 | ₹20,954 | +66% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability CUMMINSIND goes up, or doubles?
The bull case for CUMMINSIND
- CUMMINSIND's return on equity of 30.2% ranks in the 94th percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
- CUMMINSIND's return on capital employed of 39.5% ranks in the top 3% of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
- A 10,000-path probability model puts a 63% chance the price is higher in a year, with a median target of ₹6,028 (+11%).
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹14,492.
The bear case & risks
- CUMMINSIND's P/E of 62.0x is lower than 20% of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
- A steep 17.7× price-to-book means most of the value is intangible/expectations, not assets on the books.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹3,760.
CUMMINSIND volatility & expected range, how bumpy is the ride?
Over the last 9.8 years CUMMINSIND compounded at 18%/year with annualized volatility of 30%. That volatility implies a 1-year 80% range of ₹4,081-₹8,905, the honest backbone behind any single price target.
CUMMINSIND price forecast, the full 60-month probability fan
CUMMINSIND price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds CUMMINSIND hits common targets within the simulated horizon?
Full multi-horizon detail on the CUMMINSIND price target & forecast page.
CUMMINSIND Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. CUMMINSIND scores 6/8, mixed financial health.
CUMMINSIND MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy CUMMINSIND with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 26.00% | 3.8× |
| Zerodha | 25.10% | 4.0× |
| Groww | 25.18% | 4.0× |
| Dhan | 23.00% | 4.3× |
| Kotak NeoCHEAPEST | 22.47% | 4.5× |
| Paytm Money | 22.62% | 4.4× |
| Pocketful | 29.73% | 3.4× |
| Fyers | 30.30% | 3.3× |
| Anand Rathi | 29.47% | 3.4× |
| Bajaj Broking | 24.00% | 4.2× |
| Share India | 29.56% | 3.4× |
Compare every broker on the CUMMINSIND MTF page.
CUMMINSIND vs peers,Capital Goods comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| CUMMINSIND (this stock) | 61.7× | 1.22% | ₹1.50L Cr |
| SIEMENS | 49.6× | 0.46% | ₹1.39L Cr |
| BHEL | 58.3× | 0.34% | ₹1.42L Cr |
| ABB | 105.0× | 0.51% | ₹1.62L Cr |
| CGPOWER | 108.0× | 0.15% | ₹1.38L Cr |
| POLYCAB | 48.5× | 0.51% | ₹1.39L Cr |
| KEI | 54.0× | 0.08% | ₹53,868 Cr |
Fundamentals from Screener.in, as of 10 Aug 2026
About Cummins India Limited: sector, index & market-cap context
Cummins India Limited (CUMMINSIND) is a large-cap NSE-listed company in the Capital Goods sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.50L Cr. See more stocks on our screener.
How the CUMMINSIND Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Cummins India Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
CUMMINSIND analysis, FAQs
Is Cummins India Limited (CUMMINSIND) a good buy?
On the numbers, Cummins India Limited (CUMMINSIND) worth a closer look, a Downstox Snapshot Score of 60/100, weighing expensive at 61.7× earnings, ROE of 30.2%, a 63% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is CUMMINSIND overvalued or undervalued?
CUMMINSIND trades at 61.7× earnings versus a peer median of 58.3×, so it screens richer than its Capital Goods peers.
What is the CUMMINSIND share price target for 2031?
CUMMINSIND's probability-weighted 2031 median target is ₹9,038, with an 80% range of ₹3,898-₹20,954 (10,000-path Monte-Carlo).
What is the probability CUMMINSIND doubles in 5 years?
The modelled probability of CUMMINSIND reaching ₹10,896 (2×) within 5 years is 40%.
What is the bull case for CUMMINSIND?
CUMMINSIND's return on equity of 30.2% ranks in the 94th percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026. CUMMINSIND's return on capital employed of 39.5% ranks in the top 3% of the 2,374 NSE companies in our screener, as of 10 Aug 2026. A 10,000-path probability model puts a 63% chance the price is higher in a year, with a median target of ₹6,028 (+11%).
What are the risks in CUMMINSIND?
CUMMINSIND's P/E of 62.0x is lower than 20% of the 2,374 NSE companies in our screener, as of 10 Aug 2026. A steep 17.7× price-to-book means most of the value is intangible/expectations, not assets on the books.