CUMMINSIND
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Cummins publishes Analyst Day presentation outlining raised 2030 revenue, EBITDA margin targets
- Cummins raised its 2030 financial targets, projecting revenue of USD 45-50 billion with an EBITDA margin above 20%.
- FY 2025 results shown in the deck included revenue of USD 33.7 billion with EBITDA of 17.4%.
- The strategy outlined a path to higher growth and margins through 2030, led by HELM platform launches, power generation expansion tied to data center demand, and stronger aftermarket.
- The presentation also highlighted plans to reduce Accelera losses while driving operational excellence across the group.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.
- Cummins raised its 2030 financial targets, projecting revenue of USD 45-50 billion with an EBITDA margin above 20%.
- FY 2025 results shown in the deck included revenue of USD 33.7 billion with EBITDA of 17.4%.
- The strategy outlined a path to higher growth and margins through 2030, led by HELM platform launches, power generation expansion tied to data center demand, and stronger aftermarket.
- The presentation also highlighted plans to reduce Accelera losses while driving operational excellence across the group.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.
C3.ai wins jury verdict against Cummins over trade-secret misappropriation
- C3.ai won a unanimous Delaware Superior Court jury verdict on May 19, 2026, finding Cummins liable for misappropriation of trade secrets.
- The case was filed in November 2023, alleging Cummins, a licensee, used C3.ai trade secrets.
- C3.ai said it discovered the alleged plan after a Cummins employee inadvertently shared internal meeting notes.
- The company said it sought to resolve the dispute before trial, including a demand letter and proposed in-person meetings that were later canceled.
- The announcement cited a separate Justice Department matter in which Cummins agreed in principle in December 2023 to settle Clean Air Act claims for USD 1.68 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. C3.ai Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260520553066) on May 20, 2026, and is solely responsible for the information contained therein.
- C3.ai won a unanimous Delaware Superior Court jury verdict on May 19, 2026, finding Cummins liable for misappropriation of trade secrets.
- The case was filed in November 2023, alleging Cummins, a licensee, used C3.ai trade secrets.
- C3.ai said it discovered the alleged plan after a Cummins employee inadvertently shared internal meeting notes.
- The company said it sought to resolve the dispute before trial, including a demand letter and proposed in-person meetings that were later canceled.
- The announcement cited a separate Justice Department matter in which Cummins agreed in principle in December 2023 to settle Clean Air Act claims for USD 1.68 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. C3.ai Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260520553066) on May 20, 2026, and is solely responsible for the information contained therein.
Cummins VP Brett Merritt sells 701 shares for $482,991.38
- Cummins VP and President, Engine Business Brett Michael Merritt sold 701 shares May 11, 2026 at USD 688.75.
- Directly held common shares stood at 10,404 after transaction.
- An additional 113 shares were held indirectly through Cummins 401(k) plan.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001225208-26-005176), on May 12, 2026, and is solely responsible for the information contained therein.
- Cummins VP and President, Engine Business Brett Michael Merritt sold 701 shares May 11, 2026 at USD 688.75.
- Directly held common shares stood at 10,404 after transaction.
- An additional 113 shares were held indirectly through Cummins 401(k) plan.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001225208-26-005176), on May 12, 2026, and is solely responsible for the information contained therein.
Cummins VP-CHRO Marvin Boakye sells USD 2.37 million common shares
- Cummins VP and CHRO Marvin Boakye reported sales of 3,481 common shares on May 8, 2026, at weighted average prices ranging from $678.57 to $682.62.
- Holdings fell to 8,508 shares following transactions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001225208-26-005120), on May 11, 2026, and is solely responsible for the information contained therein.
- Cummins VP and CHRO Marvin Boakye reported sales of 3,481 common shares on May 8, 2026, at weighted average prices ranging from $678.57 to $682.62.
- Holdings fell to 8,508 shares following transactions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001225208-26-005120), on May 11, 2026, and is solely responsible for the information contained therein.
Cummins Q1 FY26 net income drops 21% to $654 million; revenue rises 3% to $8.4 billion
- Cummins Q1 2026 revenue rose 3% to USD 8.4 billion; net income attributable to shareholders fell to USD 654 million, or USD 4.71 per diluted share.
- EBITDA narrowed to USD 1.3 billion, or 15.4% of sales; results included USD 199 million charge tied to sale of low-pressure fuel cell business.
- International revenue climbed 16% while North America sales slipped 6%, with record performance cited in Power Systems on strong data center backup power demand.
- Full-year revenue outlook raised to growth of 8% to 11%; EBITDA margin forecast lifted to 17.75%-18.5%, excluding Q1 fuel cell-related charges.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260505033681) on May 05, 2026, and is solely responsible for the information contained therein.
- Cummins Q1 2026 revenue rose 3% to USD 8.4 billion; net income attributable to shareholders fell to USD 654 million, or USD 4.71 per diluted share.
- EBITDA narrowed to USD 1.3 billion, or 15.4% of sales; results included USD 199 million charge tied to sale of low-pressure fuel cell business.
- International revenue climbed 16% while North America sales slipped 6%, with record performance cited in Power Systems on strong data center backup power demand.
- Full-year revenue outlook raised to growth of 8% to 11%; EBITDA margin forecast lifted to 17.75%-18.5%, excluding Q1 fuel cell-related charges.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260505033681) on May 05, 2026, and is solely responsible for the information contained therein.
Cummins Clean Fuel Technologies unveils new Type 4 CNG tank for heavy-duty trucks
- Cummins Clean Fuel Technologies, joint venture between Cummins and Rush Enterprises, introduced internally designed Type 4 CNG tank aimed at Class 6-8 natural gas trucks.
- Tank uses fully carbon fiber-wrapped polymer liner to cut weight, support payload capacity, improve vehicle efficiency.
- Design targets integration with CCFT fuel delivery systems to simplify packaging, installation, uptime in heavy-duty applications.
- Product developed with technology sharing from NPROXX, Cummins wholly owned composite pressure vessel unit.
- Manufacturing set at CCFT facility in Dallas-Fort Worth region as part of localized production strategy.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rush Enterprises Inc. published the original content used to generate this news brief on May 04, 2026, and is solely responsible for the information contained therein.
- Cummins Clean Fuel Technologies, joint venture between Cummins and Rush Enterprises, introduced internally designed Type 4 CNG tank aimed at Class 6-8 natural gas trucks.
- Tank uses fully carbon fiber-wrapped polymer liner to cut weight, support payload capacity, improve vehicle efficiency.
- Design targets integration with CCFT fuel delivery systems to simplify packaging, installation, uptime in heavy-duty applications.
- Product developed with technology sharing from NPROXX, Cummins wholly owned composite pressure vessel unit.
- Manufacturing set at CCFT facility in Dallas-Fort Worth region as part of localized production strategy.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rush Enterprises Inc. published the original content used to generate this news brief on May 04, 2026, and is solely responsible for the information contained therein.
Standard Dental Labs appoints Brendan Cummins to board
- Standard Dental Labs (OTCQB: TUTH) appointed Brendan Cummins to board of directors, effective April 17, 2026.
- Cummins brings more than 35 years of capital markets and strategic growth experience across public and private markets.
- His background includes transaction structuring and growth work in real estate and alternative investments.
- Standard Dental Labs said board expansion supports acquisition strategy as it pursues multiple Florida lab deals under letters of intent.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Standard Dental Labs Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604200800PRIMZONEFULLFEED9692742) on April 20, 2026, and is solely responsible for the information contained therein.
- Standard Dental Labs (OTCQB: TUTH) appointed Brendan Cummins to board of directors, effective April 17, 2026.
- Cummins brings more than 35 years of capital markets and strategic growth experience across public and private markets.
- His background includes transaction structuring and growth work in real estate and alternative investments.
- Standard Dental Labs said board expansion supports acquisition strategy as it pursues multiple Florida lab deals under letters of intent.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Standard Dental Labs Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604200800PRIMZONEFULLFEED9692742) on April 20, 2026, and is solely responsible for the information contained therein.
Cummins India Ltd Says Co. Receives Tax Demand Of 525.6 Million Rupees And Penalty Of 525.6 Million Rupees
March 29 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA LTD - RECEIVES TAX DEMAND OF 525.6 MILLION RUPEES AND PENALTY OF 525.6 MILLION RUPEES
Source text: ID:nNSE5j2ScY
Further company coverage: CUMM.NS
March 29 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA LTD - RECEIVES TAX DEMAND OF 525.6 MILLION RUPEES AND PENALTY OF 525.6 MILLION RUPEES
Source text: ID:nNSE5j2ScY
Further company coverage: CUMM.NS
Laser Photonics CleanTech Laser Cleaning System Integrated Into Cummins Engine Maintenance
Laser Photonics said its CleanTech laser cleaning system has been integrated into engine maintenance processes at a Cummins facility. The company said the deployment follows a prior CleanTech deployment with another Cummins division. Laser Photonics said the system is used to remove rust, carbon buildup, and coatings without chemicals or abrasive media.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Laser Photonics Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202603130831ACCESSWRNAPR_____1147352) on March 13, 2026, and is solely responsible for the information contained therein.
Laser Photonics said its CleanTech laser cleaning system has been integrated into engine maintenance processes at a Cummins facility. The company said the deployment follows a prior CleanTech deployment with another Cummins division. Laser Photonics said the system is used to remove rust, carbon buildup, and coatings without chemicals or abrasive media.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Laser Photonics Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202603130831ACCESSWRNAPR_____1147352) on March 13, 2026, and is solely responsible for the information contained therein.
Cummins Investors Seek Approval of $1.6 Million Class Action Settlement
A proposed securities class action settlement involving Cummins Inc. is pending in the U.S. District Court for the Southern District of Indiana. The deal would cover investors who bought Cummins publicly traded common stock between Feb. 11, 2019 and Dec. 21, 2023, and includes $1.6 million in consideration, with a court fairness hearing set for May 21, 2026. Claim, exclusion, and objection deadlines are April 23, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603050900PRIMZONEFULLFEED9660190) on March 05, 2026, and is solely responsible for the information contained therein.
A proposed securities class action settlement involving Cummins Inc. is pending in the U.S. District Court for the Southern District of Indiana. The deal would cover investors who bought Cummins publicly traded common stock between Feb. 11, 2019 and Dec. 21, 2023, and includes $1.6 million in consideration, with a court fairness hearing set for May 21, 2026. Claim, exclusion, and objection deadlines are April 23, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603050900PRIMZONEFULLFEED9660190) on March 05, 2026, and is solely responsible for the information contained therein.
Cummins India, Tata Motors to see highest inflows among stocks set to enter Nifty Next 50 - Nuvama
** Tata Motors TATM.NS, Cummins India CUMM.NS to see fund inflows of $173 mln and $114 mln, respectively - highest among 6 stocks to included in Nifty Next 50 index, Nuvama says
** Adds ICICI Lombard General Insurance ICIL.NS, Info Edge (India) INED.NS expected to see outflow of $86 mln and $76 mln, respectively - highest among stocks being removed from index
** Nifty indexes semi-annual rejig set for March 27
** TATM falls 0.6%; CUMM nearly flat
** ICIL, INED down 1.2% and 3.3%, respectively
(Reporting by Anuran Sadhu in Bengaluru)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
** Tata Motors TATM.NS, Cummins India CUMM.NS to see fund inflows of $173 mln and $114 mln, respectively - highest among 6 stocks to included in Nifty Next 50 index, Nuvama says
** Adds ICICI Lombard General Insurance ICIL.NS, Info Edge (India) INED.NS expected to see outflow of $86 mln and $76 mln, respectively - highest among stocks being removed from index
** Nifty indexes semi-annual rejig set for March 27
** TATM falls 0.6%; CUMM nearly flat
** ICIL, INED down 1.2% and 3.3%, respectively
(Reporting by Anuran Sadhu in Bengaluru)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
Cummins Inc. Q4 net income jumps 41.9% to USD 593 million
Cummins reported its earnings for the fourth quarter (Q4) and full year (FY) of 2024. For Q4 2024, Cummins reported net sales of USD 8.45 billion. Net income attributable to shareholders for the quarter was USD 418 million, representing 4.9 percent of net sales. Basic earnings per share for Q4 stood at USD 3.04, while diluted earnings per share were USD 3.02. The company’s weighted-average common shares outstanding for the quarter were 137.4 million basic and 138.4 million diluted. For the full year 2024, Cummins generated net sales of USD 34.10 billion. Net income attributable to shareholders for the year was USD 3.95 billion, accounting for 11.6 percent of net sales. Basic earnings per share for the full year were USD 28.72, with diluted earnings per share at USD 28.42. The weighted-average common shares outstanding for the year were 137.4 million basic and 138.4 million diluted. Cummins management held a webcast to discuss the results, with further information available on the company’s investor relations website.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260205124135) on February 05, 2026, and is solely responsible for the information contained therein.
Cummins reported its earnings for the fourth quarter (Q4) and full year (FY) of 2024. For Q4 2024, Cummins reported net sales of USD 8.45 billion. Net income attributable to shareholders for the quarter was USD 418 million, representing 4.9 percent of net sales. Basic earnings per share for Q4 stood at USD 3.04, while diluted earnings per share were USD 3.02. The company’s weighted-average common shares outstanding for the quarter were 137.4 million basic and 138.4 million diluted. For the full year 2024, Cummins generated net sales of USD 34.10 billion. Net income attributable to shareholders for the year was USD 3.95 billion, accounting for 11.6 percent of net sales. Basic earnings per share for the full year were USD 28.72, with diluted earnings per share at USD 28.42. The weighted-average common shares outstanding for the year were 137.4 million basic and 138.4 million diluted. Cummins management held a webcast to discuss the results, with further information available on the company’s investor relations website.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260205124135) on February 05, 2026, and is solely responsible for the information contained therein.
Cummins India Q3 Consol PAT 4.86 Billion Rupees
Feb 4 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA Q3 CONSOL PAT 4.86 BILLION RUPEES
CUMMINS INDIA Q3 CONSOL INCOME FROM OPERATIONS 30.06 BILLION RUPEES
CUMMINS INDIA LTD - DECLARES INTERIM DIVIDEND OF 20 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: CUMM.NS
Feb 4 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA Q3 CONSOL PAT 4.86 BILLION RUPEES
CUMMINS INDIA Q3 CONSOL INCOME FROM OPERATIONS 30.06 BILLION RUPEES
CUMMINS INDIA LTD - DECLARES INTERIM DIVIDEND OF 20 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: CUMM.NS
American Power Group Receives EPA Approval to Convert Cummins X15 Diesel Engines to Dual Fuel
American Power Group Corporation has received approval from the U.S. Environmental Protection Agency (EPA) to convert Cummins X15 heavy-duty diesel engine model years 2018-2023 to its V7000 dual fuel solution. This approval expands the company's existing set of EPA engine family conversion approvals, which now cover Cummins 14.9L ISX and X15 engines from model years 2005 through 2023. The company has also requested the EPA to extend the approval to include engine model year 2024. The dual fuel solution, verified through third-party emissions testing, allows heavy-duty truck fleets to use natural gas alongside diesel fuel.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Power Group Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1129014) on January 20, 2026, and is solely responsible for the information contained therein.
American Power Group Corporation has received approval from the U.S. Environmental Protection Agency (EPA) to convert Cummins X15 heavy-duty diesel engine model years 2018-2023 to its V7000 dual fuel solution. This approval expands the company's existing set of EPA engine family conversion approvals, which now cover Cummins 14.9L ISX and X15 engines from model years 2005 through 2023. The company has also requested the EPA to extend the approval to include engine model year 2024. The dual fuel solution, verified through third-party emissions testing, allows heavy-duty truck fleets to use natural gas alongside diesel fuel.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Power Group Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1129014) on January 20, 2026, and is solely responsible for the information contained therein.
Applied Digital CEO Wes Cummins Reports Disposal of Common Shares
Wes Cummins, CEO and Chairman of Applied Digital Corporation, reported a disposal of common shares of Applied Digital Corporation. The full filing can be accessed through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001144879-26-000012), on January 16, 2026, and is solely responsible for the information contained therein.
Wes Cummins, CEO and Chairman of Applied Digital Corporation, reported a disposal of common shares of Applied Digital Corporation. The full filing can be accessed through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001144879-26-000012), on January 16, 2026, and is solely responsible for the information contained therein.
Cummins India Q2 Consol PAT 6.22 Billion Rupees
Nov 6 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA Q2 CONSOL PAT 6.22 BILLION RUPEES
CUMMINS INDIA Q2 CONSOL INCOME FROM OPERATIONS 31.22 BILLION RUPEES
Source text: ID:nBSE6HkhvP
Further company coverage: CUMM.NS
Nov 6 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA Q2 CONSOL PAT 6.22 BILLION RUPEES
CUMMINS INDIA Q2 CONSOL INCOME FROM OPERATIONS 31.22 BILLION RUPEES
Source text: ID:nBSE6HkhvP
Further company coverage: CUMM.NS
Trump mulls cutting billions in funds from list of clean energy projects
Updates with DOE statement, more details
Possibly on chopping block: GM EV plant funding in Lansing, Michigan
Stellantis Illinois electric truck plant also potential target
Blue Bird electric school bus plant could also get funds cut
By Valerie Volcovici, David Shepardson and Nichola Groom
WASHINGTON, Oct 7 (Reuters) -
The U.S. government is considering cancelling billions of dollars in funding for clean energy programs, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters.
Projects on the list include two major direct air capture hubs that received billion-dollar awards from former President Joe Biden's administration, including one that involves oil company Occidental OXY.N.
Semafor reported the list earlier and said it could impact $12 billion in projects.
Also on the list is $500 million awarded last year to General Motors GM.N to convert its Lansing Grand River Assembly Plant in Michigan to EVs; $335 million for Stellantis STLAM.MI to convert the shuttered Belvidere Assembly plant in Illinois to build mid-size electric trucks; and $250 million for Stellantis to convert its Indiana Transmission Plant in Kokomo to produce EV components.
Last week, the Department of Energy announced plans to cancel $7.56 billion in financing for hundreds of energy projects it said would not provide sufficient returns to taxpayers.
The Energy Department is also considering rescinding a $32 million award to Hyundai Mobis 005380.KS which operates a Stellantis supplier in Ohio to produce plug-in hybrid components and battery packs and $89 million for Harley-Davidson HOG.N expand its York, Pennsylvania plant for EV motorcycle manufacturing.
Also on the list is a $80 million award for Blue Bird BLBD.O to convert a former Georgia plant to build electric school buses; and $75 million to engine company Cummins CMI.N to convert part of an existing Indiana plant to make zero-emission components and electric powertrain systems.
The DOE also is considering cutting $208 million for the Volvo Group VOLVb.ST to upgrade plants in Maryland, Virginia and Pennsylvania to increase EV production capacity.
The Energy Department said in a statement it "continues to conduct an individualized and thorough review of financial awards made by the previous administration. No determinations have been made other than what has been previously announced."
Occidental, GM, Harley-Davidson and Stellantis declined or did not immediately comment.
The total sum of the grants in question was uncertain. The list included some projects that DOE said in May it canceled.
The previous cancellations included $331 million at an olefins plant carbon reduction at Exxon's Baytown, Texas refinery; $500 million to Heidelberg Materials, US in Louisiana; and $375 million to Eastman Chemical Company EMN.N in Texas
White House budget director Russell Vought said in a post on X last week that the administration would terminate nearly $8 billion in climate-related funding in 16 Democratic-led states, including California and New York.
(Reporting by Valerie Volcovici in Washington, additional reporting by Chandni Shah in Bengaluru, Nichola Groom in Los Angeles and David Shepardson and Timothy Gardner in Washington; Editing by Nia Williams and David Gregorio)
Updates with DOE statement, more details
Possibly on chopping block: GM EV plant funding in Lansing, Michigan
Stellantis Illinois electric truck plant also potential target
Blue Bird electric school bus plant could also get funds cut
By Valerie Volcovici, David Shepardson and Nichola Groom
WASHINGTON, Oct 7 (Reuters) -
The U.S. government is considering cancelling billions of dollars in funding for clean energy programs, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters.
Projects on the list include two major direct air capture hubs that received billion-dollar awards from former President Joe Biden's administration, including one that involves oil company Occidental OXY.N.
Semafor reported the list earlier and said it could impact $12 billion in projects.
Also on the list is $500 million awarded last year to General Motors GM.N to convert its Lansing Grand River Assembly Plant in Michigan to EVs; $335 million for Stellantis STLAM.MI to convert the shuttered Belvidere Assembly plant in Illinois to build mid-size electric trucks; and $250 million for Stellantis to convert its Indiana Transmission Plant in Kokomo to produce EV components.
Last week, the Department of Energy announced plans to cancel $7.56 billion in financing for hundreds of energy projects it said would not provide sufficient returns to taxpayers.
The Energy Department is also considering rescinding a $32 million award to Hyundai Mobis 005380.KS which operates a Stellantis supplier in Ohio to produce plug-in hybrid components and battery packs and $89 million for Harley-Davidson HOG.N expand its York, Pennsylvania plant for EV motorcycle manufacturing.
Also on the list is a $80 million award for Blue Bird BLBD.O to convert a former Georgia plant to build electric school buses; and $75 million to engine company Cummins CMI.N to convert part of an existing Indiana plant to make zero-emission components and electric powertrain systems.
The DOE also is considering cutting $208 million for the Volvo Group VOLVb.ST to upgrade plants in Maryland, Virginia and Pennsylvania to increase EV production capacity.
The Energy Department said in a statement it "continues to conduct an individualized and thorough review of financial awards made by the previous administration. No determinations have been made other than what has been previously announced."
Occidental, GM, Harley-Davidson and Stellantis declined or did not immediately comment.
The total sum of the grants in question was uncertain. The list included some projects that DOE said in May it canceled.
The previous cancellations included $331 million at an olefins plant carbon reduction at Exxon's Baytown, Texas refinery; $500 million to Heidelberg Materials, US in Louisiana; and $375 million to Eastman Chemical Company EMN.N in Texas
White House budget director Russell Vought said in a post on X last week that the administration would terminate nearly $8 billion in climate-related funding in 16 Democratic-led states, including California and New York.
(Reporting by Valerie Volcovici in Washington, additional reporting by Chandni Shah in Bengaluru, Nichola Groom in Los Angeles and David Shepardson and Timothy Gardner in Washington; Editing by Nia Williams and David Gregorio)
JP Morgan starts coverage of Cummins India, CG Power, Thermax with 'overweight'
Wes Cummins, CEO of Applied Digital, Reports Disposal of Common Shares
Wes Cummins, CEO and Chairman of Applied Digital Corporation, reported a disposal of common shares of the company. The full filing can be accessed through the link below.
Wes Cummins, CEO and Chairman of Applied Digital Corporation, reported a disposal of common shares of the company. The full filing can be accessed through the link below.
Hexagon Agility, Subsidiary of Hexagon Composites ASA, Secures $4.2M in Orders for Natural Gas Fuel Systems in North America
Hexagon Agility, a subsidiary of Hexagon Composites ASA, has secured orders worth USD 4.2 million for its natural gas fuel systems, intended for heavy-duty trucks powered by Cummins' X15N natural gas engine. These orders come from over 10 leading Class 8 fleets across the United States and Canada, covering diverse industries such as logistics, food & beverage, oil & gas, and construction. The Cummins X15N engine, with power ratings up to 500 hp and torque up to 1850 lb.-ft, is designed to meet the demands of long-haul operations, offering a range comparable to diesel engines. This development is part of a broader trend where fleets are transitioning from diesel to natural gas, spurred by the engine's diesel-like performance and the cost and emissions benefits of natural gas. With a network of over 1,600 CNG/RNG fueling stations, the North American market presents significant opportunities for natural gas solutions, expanding the addressable market for heavy-duty trucks by 200,000 units annually.
Hexagon Agility, a subsidiary of Hexagon Composites ASA, has secured orders worth USD 4.2 million for its natural gas fuel systems, intended for heavy-duty trucks powered by Cummins' X15N natural gas engine. These orders come from over 10 leading Class 8 fleets across the United States and Canada, covering diverse industries such as logistics, food & beverage, oil & gas, and construction. The Cummins X15N engine, with power ratings up to 500 hp and torque up to 1850 lb.-ft, is designed to meet the demands of long-haul operations, offering a range comparable to diesel engines. This development is part of a broader trend where fleets are transitioning from diesel to natural gas, spurred by the engine's diesel-like performance and the cost and emissions benefits of natural gas. With a network of over 1,600 CNG/RNG fueling stations, the North American market presents significant opportunities for natural gas solutions, expanding the addressable market for heavy-duty trucks by 200,000 units annually.
Cummins India gains on quarterly profit rise
** Shares of Cummins India CUMM.NS rise 2.9% to 3,780 rupees, highest since October 16, 2024
** Stock marks biggest intraday pct gain since May 30
** Co posts 30.5% Y/Y rise in June-qtr consol PAT, helped by robust demand for its engines and power generators
** Consolidated revenue from operations up 25.7% Y/Y
** CUMM rated "buy" by 22 analysts on average; median target price is 3,500 rupees – data compiled by LSEG
** Stock up 15.4% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Cummins India CUMM.NS rise 2.9% to 3,780 rupees, highest since October 16, 2024
** Stock marks biggest intraday pct gain since May 30
** Co posts 30.5% Y/Y rise in June-qtr consol PAT, helped by robust demand for its engines and power generators
** Consolidated revenue from operations up 25.7% Y/Y
** CUMM rated "buy" by 22 analysts on average; median target price is 3,500 rupees – data compiled by LSEG
** Stock up 15.4% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
Cummins India's quarterly profit rises on higher engine, generator demand
Aug 7 (Reuters) - Cummins India CUMM.NS reported a 30.5% rise in first-quarter profit on Thursday, helped by robust demand for its engines and power generators.
The company, a unit of U.S.-based truck engine maker Cummins Inc CMI.N, said its consolidated profit after tax rose to 6.04 billion rupees ($69.05 million) from 4.63 billion rupees a year ago.
Demand for power generation equipment typically rises in the summer due to increased electricity consumption from cooling systems and a higher risk of grid overloads or outages, which helps companies like Cummins India.
Despite an early onset of monsoons across India this year, several regions still experienced heat waves. A study found in May that nearly 60% of Indian districts face a "high to very high" risk from extreme heat, with rising night-time temperatures and humidity intensifying.
The company had noted demand across the board, including the generator business, in its last earnings call in May.
Overall sales rose 25.7% on-year to 28.59 billion rupees in the June quarter.
Sales of engines and power generators accounted for the majority of the company's revenue, according to their latest annual report.
Cummins also recorded a one-off gain of 125.9 million rupees in the quarter from the sale of its stake in a subsidiary.
Total expenses rose by 23.4% to 23.34 billion rupees, primarily driven by a 34.2% surge in raw material costs.
Parent Cummins Inc reported second-quarter revenue above Wall Street estimates on Tuesday, helped by strong demand for its power generation systems.
Cummins India's shares closed up 1.1% ahead of results.
($1 = 87.4740 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))
Aug 7 (Reuters) - Cummins India CUMM.NS reported a 30.5% rise in first-quarter profit on Thursday, helped by robust demand for its engines and power generators.
The company, a unit of U.S.-based truck engine maker Cummins Inc CMI.N, said its consolidated profit after tax rose to 6.04 billion rupees ($69.05 million) from 4.63 billion rupees a year ago.
Demand for power generation equipment typically rises in the summer due to increased electricity consumption from cooling systems and a higher risk of grid overloads or outages, which helps companies like Cummins India.
Despite an early onset of monsoons across India this year, several regions still experienced heat waves. A study found in May that nearly 60% of Indian districts face a "high to very high" risk from extreme heat, with rising night-time temperatures and humidity intensifying.
The company had noted demand across the board, including the generator business, in its last earnings call in May.
Overall sales rose 25.7% on-year to 28.59 billion rupees in the June quarter.
Sales of engines and power generators accounted for the majority of the company's revenue, according to their latest annual report.
Cummins also recorded a one-off gain of 125.9 million rupees in the quarter from the sale of its stake in a subsidiary.
Total expenses rose by 23.4% to 23.34 billion rupees, primarily driven by a 34.2% surge in raw material costs.
Parent Cummins Inc reported second-quarter revenue above Wall Street estimates on Tuesday, helped by strong demand for its power generation systems.
Cummins India's shares closed up 1.1% ahead of results.
($1 = 87.4740 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))
Cummins India Receives Customs Order Demanding 14.3 Million Rupees
July 25 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA LTD - RECEIVES CUSTOMS ORDER DEMANDING 14.3 MILLION RUPEES
Source text: ID:nBSE842Vrz
Further company coverage: CUMM.NS
July 25 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA LTD - RECEIVES CUSTOMS ORDER DEMANDING 14.3 MILLION RUPEES
Source text: ID:nBSE842Vrz
Further company coverage: CUMM.NS
Stran & Company Inc. Revamps Board of Directors with Strategic Appointments of Mark Adams and Sarah Cummins
Stran & Company Inc., a provider of outsourced marketing solutions, has announced the appointment of Mark Adams and Sarah Cummins to its Board of Directors. These new appointments replace three outgoing directors, positioning the company for future growth. Sarah Cummins brings extensive experience from her roles in sports, media, and entertainment, including her current position as Senior Vice President, Global Partnerships at WTA Ventures LLC.
Stran & Company Inc., a provider of outsourced marketing solutions, has announced the appointment of Mark Adams and Sarah Cummins to its Board of Directors. These new appointments replace three outgoing directors, positioning the company for future growth. Sarah Cummins brings extensive experience from her roles in sports, media, and entertainment, including her current position as Senior Vice President, Global Partnerships at WTA Ventures LLC.
Vale SA Partners with Cummins and Komatsu to Develop Ethanol/Diesel-Powered Haul Trucks for Sustainable Mining
Vale SA has entered into a partnership with Cummins Inc. and Komatsu to advance a joint Dual Fuel Program aimed at developing large truck engines powered by both ethanol and diesel. This collaboration marks a significant step toward reducing greenhouse gas emissions in the mining sector by retrofitting existing Komatsu haul trucks to operate on up to 70% ethanol. The innovative project is expected to lower CO2 emissions by up to 70% while maintaining productivity and performance. Cummins is testing the QSK60 engine at their Seymour Engine Plant, with field trials anticipated to begin in 2026. This initiative aligns with Vale's goal to cut its greenhouse gas emissions by 33% by 2030 as part of its broader decarbonization strategy.
Vale SA has entered into a partnership with Cummins Inc. and Komatsu to advance a joint Dual Fuel Program aimed at developing large truck engines powered by both ethanol and diesel. This collaboration marks a significant step toward reducing greenhouse gas emissions in the mining sector by retrofitting existing Komatsu haul trucks to operate on up to 70% ethanol. The innovative project is expected to lower CO2 emissions by up to 70% while maintaining productivity and performance. Cummins is testing the QSK60 engine at their Seymour Engine Plant, with field trials anticipated to begin in 2026. This initiative aligns with Vale's goal to cut its greenhouse gas emissions by 33% by 2030 as part of its broader decarbonization strategy.
Cummins India quarterly profit falls as rising costs offset price hikes
May 28 (Reuters) - Cummins India CUMM.NS reported a lower fourth-quarter profit on Wednesday, as ballooning costs offset the benefit of price hikes it took for some of its generator sets.
The company, a unit of U.S. truck engine maker Cummins Inc CMI.N, said its consolidated profit after tax came in at 5.30 billion rupees ($62.1 million), 1.7% lower than 5.39 billion rupees a year ago.
The company's sales increased 6.4% to 24.14 billion rupees, which analysts attributed to price hikes during the quarter, particularly for its CPCB 4+ generator sets.
The CPCB 4+ generator sets comply with the latest emission standards set by India's federal pollution control board, and make up about 40% of sales.
Cummins India's total expenses rose 9.2% to 19.88 billion rupees, mainly due to a 16.8% increase in raw material costs.
The company in February said that demand growth is expected to continue supported by government capital expenditure and demand across power cars, tower cars in railways and the construction sectors.
Meanwhile, parent Cummins Inc withdrew its annual forecast, joining other vehicle manufacturers that are reassessing expectations as the industry grapples with the mounting uncertainty generated by U.S. President Donald Trump's tariffs.
Shares of Cummins India closed flat ahead of results on Wednesday.
($1 = 85.3850 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Varun H K and Leroy Leo)
((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))
May 28 (Reuters) - Cummins India CUMM.NS reported a lower fourth-quarter profit on Wednesday, as ballooning costs offset the benefit of price hikes it took for some of its generator sets.
The company, a unit of U.S. truck engine maker Cummins Inc CMI.N, said its consolidated profit after tax came in at 5.30 billion rupees ($62.1 million), 1.7% lower than 5.39 billion rupees a year ago.
The company's sales increased 6.4% to 24.14 billion rupees, which analysts attributed to price hikes during the quarter, particularly for its CPCB 4+ generator sets.
The CPCB 4+ generator sets comply with the latest emission standards set by India's federal pollution control board, and make up about 40% of sales.
Cummins India's total expenses rose 9.2% to 19.88 billion rupees, mainly due to a 16.8% increase in raw material costs.
The company in February said that demand growth is expected to continue supported by government capital expenditure and demand across power cars, tower cars in railways and the construction sectors.
Meanwhile, parent Cummins Inc withdrew its annual forecast, joining other vehicle manufacturers that are reassessing expectations as the industry grapples with the mounting uncertainty generated by U.S. President Donald Trump's tariffs.
Shares of Cummins India closed flat ahead of results on Wednesday.
($1 = 85.3850 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Varun H K and Leroy Leo)
((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))
Cummins withdraws 2025 financial forecast on tariff woes
Corrects to year-earlier quarter from the latest quarter in paragraph 7; also corrects to gain from charge in the same paragraph
May 5 (Reuters) - Cummins CMI.N withdrew its annual forecast on Monday, joining other vehicle manufacturers that are reassessing expectations as the industry grapples with the mounting uncertainty generated by U.S. President Donald Trump's sweeping import tariffs.
The U.S. truck-engine maker had previously projected 2025 revenue growth ranging from a 2% decrease to a 3% increase, with core profit expected to comprise 16.2% to 17.2% of sales.
"Due to growing economic uncertainty, the company is not providing an outlook for revenue or profitability for the remainder of 2025," Cummins said in its earnings release.
The North American trucking market, already dealing with an oversupply of equipment, is now confronted with new challenges arising due to the erratic import tariffs.
General Motors GM.N pulled its annual forecast earlier this month, days after pausing plans to buy back $2 billion of shares in the first half of the year.
For the quarter ended March 31, Cummins reported net income of $824 million, or $5.96 per share, compared with $2 billion, or $14.03 apiece, last year.
The company said its first-quarter profit last year included a $9.08 per share gain related to the split-off of its remaining interest in Atmus Filtration Technologies ATMU.N and restructuring expenses of 15 cents per share.
Net sales for the first quarter came in at $8.17 billion, slightly below the estimates of $8.19 billion, according to data compiled by LSEG.
Shares of the company fell 1.5% in premarket trading.
(Reporting by Raechel Thankam Job and Aishwarya Jain in Bengaluru; Editing by Tasim Zahid)
Corrects to year-earlier quarter from the latest quarter in paragraph 7; also corrects to gain from charge in the same paragraph
May 5 (Reuters) - Cummins CMI.N withdrew its annual forecast on Monday, joining other vehicle manufacturers that are reassessing expectations as the industry grapples with the mounting uncertainty generated by U.S. President Donald Trump's sweeping import tariffs.
The U.S. truck-engine maker had previously projected 2025 revenue growth ranging from a 2% decrease to a 3% increase, with core profit expected to comprise 16.2% to 17.2% of sales.
"Due to growing economic uncertainty, the company is not providing an outlook for revenue or profitability for the remainder of 2025," Cummins said in its earnings release.
The North American trucking market, already dealing with an oversupply of equipment, is now confronted with new challenges arising due to the erratic import tariffs.
General Motors GM.N pulled its annual forecast earlier this month, days after pausing plans to buy back $2 billion of shares in the first half of the year.
For the quarter ended March 31, Cummins reported net income of $824 million, or $5.96 per share, compared with $2 billion, or $14.03 apiece, last year.
The company said its first-quarter profit last year included a $9.08 per share gain related to the split-off of its remaining interest in Atmus Filtration Technologies ATMU.N and restructuring expenses of 15 cents per share.
Net sales for the first quarter came in at $8.17 billion, slightly below the estimates of $8.19 billion, according to data compiled by LSEG.
Shares of the company fell 1.5% in premarket trading.
(Reporting by Raechel Thankam Job and Aishwarya Jain in Bengaluru; Editing by Tasim Zahid)
Cummins India Approves Sale Of 100% Stake In CSSPL
Feb 7 (Reuters) - Cummins India Ltd CUMM.NS:
APPROVES SALE OF 100% STAKE IN CSSPL
SALE CONSIDERATION AMOUNTS TO 565 MILLION RUPEES
Source text: ID:nNSE3NtZpG
Further company coverage: CUMM.NS
Feb 7 (Reuters) - Cummins India Ltd CUMM.NS:
APPROVES SALE OF 100% STAKE IN CSSPL
SALE CONSIDERATION AMOUNTS TO 565 MILLION RUPEES
Source text: ID:nNSE3NtZpG
Further company coverage: CUMM.NS
Cummins India rises on Q3 profit growth
** Cummins India CUMM.NS soars as much as 5.8% to 3,090 rupees; set to gain for third straight day
** Co, a unit of U.S.-based truck engine maker Cummins CMI.N, reports ~12% y/y rise in Q3 consol PAT
** Says overall sales up ~22% y/y, which largely included the sales of engines and power generators
** Adds co remains cautiously optimistic about demand outlook for the near-term
** More than 1 mln shares traded vs 30-day avg of 679,642
** Stock rated "hold" on avg; median PT is 3,650 rupees - LSEG
** CUMM last up 1.7%, trims YTD losses to 10.8%
(Reporting by Meenakshi Maidas in Bengaluru)
** Cummins India CUMM.NS soars as much as 5.8% to 3,090 rupees; set to gain for third straight day
** Co, a unit of U.S.-based truck engine maker Cummins CMI.N, reports ~12% y/y rise in Q3 consol PAT
** Says overall sales up ~22% y/y, which largely included the sales of engines and power generators
** Adds co remains cautiously optimistic about demand outlook for the near-term
** More than 1 mln shares traded vs 30-day avg of 679,642
** Stock rated "hold" on avg; median PT is 3,650 rupees - LSEG
** CUMM last up 1.7%, trims YTD losses to 10.8%
(Reporting by Meenakshi Maidas in Bengaluru)
Cummins India Dividend 18 Rupees Per Share
Feb 5 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA LTD - DIVIDEND 18 RUPEES PER SHARE
CUMMINS INDIA DEC-QUARTER CONSOL PAT 5.58 BILLION RUPEES
CUMMINS INDIA DEC-QUARTER CONSOL INCOME FROM OPERATIONS 30.52 BILLION RUPEES
Further company coverage: CUMM.NS
Feb 5 (Reuters) - Cummins India Ltd CUMM.NS:
CUMMINS INDIA LTD - DIVIDEND 18 RUPEES PER SHARE
CUMMINS INDIA DEC-QUARTER CONSOL PAT 5.58 BILLION RUPEES
CUMMINS INDIA DEC-QUARTER CONSOL INCOME FROM OPERATIONS 30.52 BILLION RUPEES
Further company coverage: CUMM.NS
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What does Cummins India do?
Cummins India comprises of four business units - Engine, Power Systems, Components and Distribution. The company is engaged in the business of manufacturing, trading and selling of engines and allied activities. A group of complementary business units that design, manufacture, distribute and service - engines, generator sets and related technologies. The Engine Business manufactures engines from 60 HP for low, medium and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor.
Who are the competitors of Cummins India?
Cummins India major competitors are Kirloskar Oil Eng, Swaraj Engines, Greaves Cotton, Sunrise Efficient, Action Const. Equip, The Anup Engineering, Sanghvi Movers. Market Cap of Cummins India is ₹1,50,242 Crs. While the median market cap of its peers are ₹3,956 Crs.
Is Cummins India financially stable compared to its competitors?
Cummins India seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Cummins India pay decent dividends?
The company seems to pay a good stable dividend. Cummins India latest dividend payout ratio is 71.38% and 3yr average dividend payout ratio is 63.01%
How has Cummins India allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Cummins India balance sheet?
Balance sheet of Cummins India is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Cummins India improving?
The profit is oscillating. The profit of Cummins India is ₹1,971 Crs for TTM, ₹2,000 Crs for Mar 2025 and ₹1,721 Crs for Mar 2024.
Is the debt of Cummins India increasing or decreasing?
Yes, The net debt of Cummins India is increasing. Latest net debt of Cummins India is -₹1,760.47 Crs as of Sep-25. This is greater than Mar-25 when it was -₹5,020.58 Crs.
Is Cummins India stock expensive?
Yes, Cummins India is expensive. Latest PE of Cummins India is 66.59, while 3 year average PE is 44.2. Also latest EV/EBITDA of Cummins India is 59.54 while 3yr average is 41.79.
Has the share price of Cummins India grown faster than its competition?
Cummins India has given better returns compared to its competitors. Cummins India has grown at ~51.08% over the last 4yrs while peers have grown at a median rate of 41.94%
Is the promoter bullish about Cummins India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Cummins India is 51.0% and last quarter promoter holding is 51.0%.
Are mutual funds buying/selling Cummins India?
The mutual fund holding of Cummins India is decreasing. The current mutual fund holding in Cummins India is 12.57% while previous quarter holding is 13.7%.