Cummins India Ltd
NSE:CUMMINSIND

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Cummins India Ltd
NSE:CUMMINSIND
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Price: 4 415 INR -0.28% Market Closed
Market Cap: ₹1.2T

Operating Margin

19.7%
Current
Improving
by 1.5%
vs 3-y average of 18.2%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
19.7%
=
Operating Income
₹22.8B
/
Revenue
₹116B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
19.7%
=
Operating Income
₹22.8B
/
Revenue
₹116B

Peer Comparison

Country Company Market Cap Operating
Margin
IN
Cummins India Ltd
NSE:CUMMINSIND
1.2T INR
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IN
Larsen & Toubro Ltd
NSE:LT
5.7T INR
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US
Caterpillar Inc
NYSE:CAT
347.3B USD
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US
Cummins Inc
NYSE:CMI
80.8B USD
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SE
Volvo AB
STO:VOLV B
697.9B SEK
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US
Paccar Inc
NASDAQ:PCAR
66.9B USD
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JP
Komatsu Ltd
TSE:6301
6.7T JPY
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US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
42.2B USD
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DE
Daimler Truck Holding AG
XETRA:DTG
34B EUR
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JP
Toyota Industries Corp
TSE:6201
5.9T JPY
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CN
China CSSC Holdings Ltd
SSE:600150
256.5B CNY
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Market Distribution

Higher than 82% of companies in India
Percentile
82st
Based on 5 437 companies
82st percentile
19.7%
Low
-153 833.3% — 2.7%
Typical Range
2.7% — 13.2%
High
13.2% — 9 977%
Distribution Statistics
India
Min -153 833.3%
30th Percentile 2.7%
Median 7.3%
70th Percentile 13.2%
Max 9 977%

Cummins India Ltd
Glance View

Cummins India Ltd, a subsidiary of Cummins Inc., has carved a unique niche in the engine manufacturing industry, deeply intertwining its fortune with the rhythmic hum of diesel and natural gas engines. This company did not just emerge in the market; it was built on a legacy of innovation and resilience. Spanning across a multitude of segments, Cummins India specializes in the design and production of engines for automotive, industrial, power generation, and marine applications. Its strength lies in developing reliable and durable engines that cater to diverse power requirements. The company’s facilities, strategically located across India, are hubs of cutting-edge technology and efficiency, enabling it to produce a plethora of components that are integral to its operations, from turbochargers to generator sets. Every product emerges from a harmony of engineering expertise and quality control, driving Cummins India’s commitment to sustainable energy solutions. At the heart of Cummins India's revenue generation is a sophisticated orchestration of its product and service offerings. The company not only capitalizes on the sale of its engines but also thrives by providing after-market support through maintenance services and spare parts distribution, ensuring smooth operations for its clientele. This dual approach fosters a stable revenue stream and cultivates long-term relationships with customers. By strategically tapping into emerging markets and embracing environmental sustainability, Cummins India pivots toward future growth while adhering to its core values of innovation and integrity. The company continually refines its business model, enhancing its product efficiency and environmental compliance to adapt to the ever-evolving energy landscape. Through technological advancements and market foresight, Cummins India has positioned itself as a formidable player in the industrial engine space, constantly innovating to keep pace with global energy trends.

CUMMINSIND Intrinsic Value
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What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
19.7%
=
Operating Income
₹22.8B
/
Revenue
₹116B
What is Cummins India Ltd's current Operating Margin?

The current Operating Margin for Cummins India Ltd is 19.7%, which is above its 3-year median of 18.2%.

How has Operating Margin changed over time?

Over the last 3 years, Cummins India Ltd’s Operating Margin has increased from 13.4% to 19.7%. During this period, it reached a low of 13.4% on Dec 31, 2022 and a high of 20.3% on Mar 31, 2025.

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