Cummins India Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹1,55,329 Cr
- Book Value
- ₹305.8
- Stock P/E
- 64.1
- Dividend Yield
- 1.19%
- ROE
- 30.2%
- ROCE
- 39.5%
- PEG Ratio
- 2.08
- EV/EBITDA
- 45.3
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Technical snapshot
EOD ·Cummins India Ltd closed at ₹5,220.00 on 19 August 2026, down 2.4% on the day, 5.9% below its 50-day average, 14.4% below its 52-week high, with volume at 0.72× its 20-session average.
- RSI 14
- 36.3
- vs 50-day SMA
- -5.9%
- vs 200-day SMA
- +6.1%
- From 52-week high
- -14.4%
- Relative volume
- 0.72×
- 20-day return
- -6.6%
End-of-day prices from exchange-published files (NSE/BSE bhavcopy), updated after market close. Descriptive statistics, not investment advice.
Cummins India share price today
Cummins India (NSE: CUMMINSIND) makes the engines and generator sets that keep Indian industry running when the grid doesn’t — and lately, a new customer class has changed its trajectory: data centres, which buy backup power in megawatt blocks and specify reliability above price. Add CPCB4+ emission norms (which pulled forward genset upgrades industry-wide) and you get the recent numbers: 30.8% five-year profit CAGR at a 39.5% ROCE with zero debt.
At 64× earnings, the market has extended the data-centre story years forward. Here is what that price assumes.
Powergen’s new best customer
The traditional business is cyclical: industrial gensets, distribution, exports to the parent’s network. The step-change is structural — India’s data-centre build-out (AI, cloud, localisation rules) requires backup generation at a scale genset makers have never seen domestically, and Cummins’ technology depth (high-horsepower nodes, emissions compliance) makes it the default choice. Exports add a second leg as the global parent routes sourcing to India.
Watch-items: data-centre capex momentum (announcement-to-order lags), competition at the high-horsepower node, and margin durability once the CPCB4+ pre-buy normalises. The MNC parent (51%) is both a strength (technology) and a governance watch-point (royalties, parallel entities).
The numbers
Financial snapshot — 5 August 2026
| Metric | Value |
|---|---|
| Market cap | ₹1,55,329 Cr |
| P/E (TTM) | 64.1 |
| EV/EBITDA | 45.3 |
| Operating margin | 21.4% |
| ROE / ROCE | 30.2% / 39.5% |
| Debt to equity | 0.00 |
| Sales CAGR (5y) | 22.7% |
| Profit CAGR (5y) | 30.8% |
| Promoter (parent) holding | 51.0% |
| EPS (TTM) | ₹86.6 |
Cummins India share price target 2026 to 2030
EPS base ₹86.6 (TTM). Bear: the pre-buy unwinds and data-centre orders slip — 10% growth, multiple compresses to 38×. Base: 17% growth as data centres and exports offset normalisation, multiple at 48×. Bull: the data-centre wave runs hotter for longer — 23% growth at 58×.
From ₹5,550, the base case is ≈ +64% over four and a half years plus a 1.2% yield. The bear case is slightly negative — a 64× entry gives back a year of growth if the cycle wobbles. The data-centre story is real; the job is not to pay twice for it.
Reasons to own Cummins India (at the right price)
- Data-centre backup power — a structural demand engine just beginning in India.
- 39.5% ROCE on zero debt — capital-goods economics at FMCG-grade returns.
- Emission-norm complexity (CPCB4+) raises the technology bar against smaller rivals.
- Export leverage through the global Cummins network.
- 30.8% five-year profit CAGR shows the operating leverage is live.
The risks: cyclicality never fully leaves capital goods, the multiple assumes the new demand is secular, and parent-company royalty/structure decisions bear watching.
What to weigh at the current price
Cummins’ data-centre opportunity is real, but 64× earnings pays years ahead; the valuation needs to compensate for genset cyclicality and post-CPCB4+ normalisation.
FAQ
What is the Cummins India share price target for 2030? The table above sets out bear, base and bull scenarios for each year through 2030. These are valuation sensitivities, not promised prices.
Why are data centres such a big deal for Cummins India? A hyperscale data centre needs tens of megawatts of backup generation with contractual reliability — high-horsepower, high-margin orders in volumes India’s genset market has never produced before.
Is Cummins India debt-free? Yes — zero debt with a 1.2% dividend yield.
When are Cummins India’s next results? Check the results calendar and confirm the announced date in the relevant exchange filing.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.