Cummins India Ltd
About
Cummins India Limited is a part of the Cummins Group in India, manufacturing diesel and natural gas engines. Its three major business units are categorised under the engine business, the power systems business, and the distribution. Under the engine business, commercial equipment for off-highway construction and compression, and engines for on-highway commercial vehicles are manufactured. These include engines for buses, trucks, vocational trucks, RVs, and more, and span industries like defence, mining, rail, marine, agriculture, and more. The power systems business develops stronger engines with horsepower ranging from 700 to 4500. These offerings find applications in commercial mobile power, microgrids, power stations, commercial buildings, healthcare, and manufacturing, among others. Cummins’ manufacturing plants are essentially located in 2 states—Maharashtra and Tamil Nadu—and its products are distributed all across the country.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 9605 14.1% | 8415 26.0% | 6676 40.0% | 4768 -13.9% | 5535 -8.8% | 6065 12.9% | 5374 2.8% | 5227 8.1% | 4837 -6.5% | 5173 24.4% | 4160 -14.4% | 4858 11.6% | 4351 4.4% | 4169 41.5% | 2947 -21.1% | 3736 - |
| Net Operating Income (INR Cr) | 9000 15.80% | 7772 25.95% | 6171 41.53% | 4360 -16.01% | 5191 -8.88% | 5697 11.45% | 5112 0.11% | 5106 8.18% | 4720 -3.99% | 4916 0.00% | 3977 -13.35% | 4589 11.47% | 4117 1.85% | 4043 42.10% | 2845 -13.90% | 3559 32.21% |
| Profit (INR Cr) | 1721 40.1% | 1228 31.5% | 934 47.0% | 635 -10.0% | 706 -5.0% | 743 4.3% | 712 -3.3% | 736 2.1% | 721 -6.6% | 772 28.7% | 600 -21.5% | 764 29.2% | 591 0.1% | 591 33.1% | 444 -4.1% | 463 - |
| Assets (INR Cr) | 6934 10.4% | 6283 10.8% | 5674 18.4% | 4794 -5.0% | 5045 7.4% | 4699 5.6% | 4450 5.6% | 4213 13.4% | 3715 14.7% | 3239 19.9% | 2702 6.6% | 2535 17.5% | 2159 12.0% | 1927 22.7% | 1570 3.7% | 1513 - |
| Net Worth (INR Cr) | 6612 14.8% | 5758 11.9% | 5145 10.6% | 4651 5.7% | 4402 2.8% | 4283 4.0% | 4119 6.4% | 3871 7.3% | 3609 16.8% | 3089 0.0% | 2565 7.5% | 2387 16.8% | 2043 13.1% | 1806 15.7% | 1561 11.9% | 1485 20.4% |
| Employee Cost (INR Cr) | 801 23.5% | 649 5.6% | 615 20.6% | 510 -11.8% | 578 2.8% | 562 9.9% | 511 14.8% | 445 5.8% | 421 -0.2% | 422 24.3% | 340 0.3% | 339 11.4% | 304 19.4% | 255 30.8% | 195 -15.2% | 230 - |
| Interest Cost (INR Cr) | 27 | 16 | 12 | 17 | 21 | 17 | 15 | 17 | 10 | 2 | 4 | 5 | 5 | 5 | 2 | 3 |
| Cash & Bank Balance (INR Cr) | 1513 | 1386 | 1427 | 965 | 465 | 738 | 471 | 129 | 90 | 91 | 86 | 355 | 224 | 104 | 56 | 50 |
| Total Debt (INR Cr) | 127 | 376 | 418 | 40 | 512 | 313 | 257 | 252 | 3 | 3 | 0 | 0 | 0 | 0 | 9 | 28 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 17.9% | 14.6% | 14.0% | 13.3% | 12.8% | 12.2% | 13.2% | 14.1% | 14.9% | 14.9% | 14.4% | 15.7% | 13.6% | 14.2% | 15.1% | 12.4% |
| Profit As % Of Assets | 24.8% | 19.6% | 16.5% | 13.3% | 14.0% | 15.8% | 16.0% | 17.5% | 19.4% | 23.8% | 22.2% | 30.1% | 27.4% | 30.7% | 28.3% | 30.6% |
| Profit As % Of Networth | 26.0% | 21.3% | 18.2% | 13.7% | 16.0% | 17.3% | 17.3% | 19.0% | 20.0% | 25.0% | 23.4% | 32.0% | 28.9% | 32.7% | 28.4% | 31.2% |
| Interest Cost to EBITDA % | 1.6% | 1.3% | 1.4% | 2.9% | 3.7% | 1.9% | 2.1% | 2.1% | 1.3% | 0.2% | 0.6% | 0.6% | 0.8% | 0.6% | 0.4% | 0.7% |
| Debt to Equity Ratio | 0.02 | 0.07 | 0.08 | 0.01 | 0.12 | 0.07 | 0.06 | 0.07 | 0.00 | 0.00 | - | - | - | - | 0.01 | 0.02 |
| RONW | 27.8% | 22.5% | 16.6% | 14.0% | 16.3% | 17.7% | 17.8% | 17.5% | 18.8% | 21.9% | 24.2% | 30.1% | 30.7% | 35.1% | 30.0% | 32.8% |
| ROCE | 33.8% | 26.9% | 20.3% | 17.1% | 17.0% | 23.7% | 21.7% | 21.7% | 23.3% | 25.6% | 31.4% | 39.2% | 40.6% | 46.2% | 41.0% | 44.8% |