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Cummins India Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cummins India and similar public comparables like Alstom, Nitto Denko, CNH Industrial, ABB India and more.
Cummins India Overview
About Cummins India
Cummins India Ltd designs and manufactures service engines and engages in allied activities. The company produces fuel systems, air handling, filtration, emission solutions, and electrical power generation systems in facilities across India. The company's business units are; Engines, Power Systems, Components, and Distribution. Its operating segments are; Engines and Lubes. Maximum revenue is generated from its Engines segment which 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.
Founded
1962
HQ
Employees
3.0K
Website
Sectors
Financials (LTM)
EV
$14B
Cummins India Financials
Cummins India reported last 12-month revenue of $1B and EBITDA of $271M.
In the same LTM period, Cummins India generated $447M in gross profit, $271M in EBITDA, and $252M in net income.
Revenue (LTM)
Cummins India P&L
In the most recent fiscal year, Cummins India reported revenue of $1B and EBITDA of $303M.
Cummins India expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $447M | XXX | $371M | XXX | XXX | XXX |
| Gross Margin | 35% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $271M | XXX | $303M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 25% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $252M | XXX | $226M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 19% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cummins India Stock Performance
Cummins India has current market cap of $15B, and enterprise value of $14B.
Market Cap Evolution
Cummins India's stock price is $53.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14B | $15B | (0.1%) | XXX | XXX | XXX | $0.82 |
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Start Free TrialCummins India Valuation Multiples
Cummins India trades at 11.2x EV/Revenue multiple, and 53.2x EV/EBITDA.
EV / Revenue (LTM)
Cummins India Financial Valuation Multiples
As of March 13, 2026, Cummins India has market cap of $15B and EV of $14B.
Equity research analysts estimate Cummins India's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cummins India has a P/E ratio of 58.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV/Revenue | 11.2x | XXX | 11.9x | XXX | XXX | XXX |
| EV/EBITDA | 53.2x | XXX | 47.6x | XXX | XXX | XXX |
| EV/EBIT | 56.9x | XXX | 64.3x | XXX | XXX | XXX |
| EV/Gross Profit | 32.3x | XXX | 38.8x | XXX | XXX | XXX |
| P/E | 58.7x | XXX | 65.4x | XXX | XXX | XXX |
| EV/FCF | 88.8x | XXX | 78.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cummins India Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Cummins India Margins & Growth Rates
Cummins India's revenue in the last 12 month grew by 16%.
Cummins India's revenue per employee in the last FY averaged $0.4M.
Cummins India's rule of 40 is 37% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cummins India's rule of X is 60% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Cummins India Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | (10%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 14% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cummins India Public Comps
See public comps and valuation multiples for other Industrial Parts and Machinery comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Alstom | XXX | XXX | XXX | XXX | XXX | XXX |
| Nitto Denko | XXX | XXX | XXX | XXX | XXX | XXX |
| CNH Industrial | XXX | XXX | XXX | XXX | XXX | XXX |
| ABB India | XXX | XXX | XXX | XXX | XXX | XXX |
| Aptiv | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cummins India M&A Activity
Cummins India acquired XXX companies to date.
Last acquisition by Cummins India was on XXXXXXXX, XXXXX. Cummins India acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cummins India
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCummins India Investment Activity
Cummins India invested in XXX companies to date.
Cummins India made its latest investment on XXXXXXXX, XXXXX. Cummins India invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cummins India
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Cummins India
| When was Cummins India founded? | Cummins India was founded in 1962. |
| Where is Cummins India headquartered? | Cummins India is headquartered in India. |
| How many employees does Cummins India have? | As of today, Cummins India has over 3K employees. |
| Is Cummins India publicly listed? | Yes, Cummins India is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Cummins India? | Cummins India trades under CUMMINSIND ticker. |
| When did Cummins India go public? | Cummins India went public in 1995. |
| Who are competitors of Cummins India? | Cummins India main competitors are Alstom, Nitto Denko, CNH Industrial, ABB India. |
| What is the current market cap of Cummins India? | Cummins India's current market cap is $15B. |
| What is the current revenue of Cummins India? | Cummins India's last 12 months revenue is $1B. |
| What is the current revenue growth of Cummins India? | Cummins India revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Cummins India? | Current revenue multiple of Cummins India is 11.2x. |
| Is Cummins India profitable? | Yes, Cummins India is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cummins India? | Cummins India's last 12 months EBITDA is $271M. |
| What is Cummins India's EBITDA margin? | Cummins India's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Cummins India? | Current EBITDA multiple of Cummins India is 53.2x. |
| What is the current FCF of Cummins India? | Cummins India's last 12 months FCF is $162M. |
| What is Cummins India's FCF margin? | Cummins India's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Cummins India? | Current FCF multiple of Cummins India is 88.8x. |
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