Cummins India is a leading player in the Compressors, pumps, and diesel engine industry. The company’s shares saw a significant 8.36% rally on February 8, 2024. • The company reported a 26.32% YoY increase in its standalone net profit, reaching Rs 454.92 crore. • The stock hit a 52-week high during the trading session, and Cummins India declared an interim dividend of Rs 18 per share. • The company’s market capitalization reached Rs 71,814.20 crore. • Cummins India shares have delivered a remarkable return of 75% to investors over the past year. • The company announced its interim dividend on February 7, 2024, equivalent to 900% of 277,200,000 equity shares. • Cummins India’s Q3 results were attributed to strong demand in both domestic and global markets. • The company’s total expenses for the December 2023 quarter were declared at Rs 2044.32 crore, compared to Rs 1805.33 crore in the same quarter of the previous year. • Cummins India’s exceptional Q3 performance and commitment to shareholder value make it an attractive proposition for investors seeking growth and stability in their portfolios.
Cummins India Limited was established in 1962 and is the leading manufacturer of diesel and natural gas engines in India. • The company operates through three business units: engines, power systems, and distribution. • The company manufactures engines for diverse applications in the transportation and commercial equipment sectors. • The company covers a broad horsepower spectrum from 125 to 400 HP and also serves the off-highway commercial equipment industry. • In the power systems business, the company designs and manufactures engines with a horsepower range of 700 HP to 4500 HP. • The company provides engines for critical sectors such as marine, railways, defense, and mining.
• The company develops integrated generator sets with a capacity ranging from 7.5 kVA to 3750 kVA. • The company is known for its best-in-class technology, optimal footprint, enhanced fuel efficiency, and smart offerings.
Management of Cummins India
Name
Designation
Steven M Chapman
Chairman
Ashwath Ram
Managing Director
Donald Jackson
Non Executive Director
Bonnie Jean Fetch
Non Executive Director
Nasser M Munjee
Independent Director
Rekha
Independent Director
Jennifer Mary Bush
Non Executive Director
Rajeev Bakshi
Independent Director
Rama Bijapurkar
Independent Director
Lira Goswami
Independent Director
Registered Address of Cummins India
Cummins India Office Campus, Tower A, 5th Floor, ,Survey No. 21, Balewadi, Pune Maharashtra 411045
This is a comprehensive guide to Cummins India. The above-mentioned information and data are as of February 08, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments.
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