Industry Distribution:

• Energy Generation: approx. 40%
• Industry: approx. 30%
• Automotive: approx. 20%
• Other: approx. 10%

TOP 3 Markets:

• India: approx. 50%
• USA: approx. 20%
• China: approx. 15%

Cummins India Limited generates the majority of its revenue from the energy generation sector, followed by industrial applications and the automotive industry. The Indian market is the largest single market for the company, driven by strong local presence and demand. The USA and China are also significant markets served through international expansion and strategic partnerships.

Production sites of Cummins India Limited:

Cummins India Limited operates several production facilities in India. The main locations are:

1. Pune, Maharashtra: This is where the main plant is located, producing a variety of engines and components.
2. Phaltan, Maharashtra: This site is part of the Phaltan Megasite project and includes multiple manufacturing facilities for engines and generators.
3. Dewas, Madhya Pradesh: This facility specializes in the production of components and spare parts.

Cummins India Limited utilizes these strategically located sites to ensure efficient production and distribution within India and for export. Proximity to key markets and the availability of skilled labor are crucial factors in site selection.

Revenue Growth: 10% (estimated for 2025)
Profit Growth: 8% (estimated for 2025)

Cummins India Limited is pursuing a multi-pronged growth strategy based on innovation, market expansion, and sustainability. The company is heavily investing in research and development to expand its product range and develop more efficient, environmentally friendly technologies. This includes in particular the development of low-emission engines and alternative propulsion technologies.

In addition, Cummins India is focusing on tapping into new markets, both within India and internationally. Through strategic partnerships and joint ventures, the company plans to strengthen its market presence and explore new business opportunities.

Another key focus is on digitization and improving operational efficiency. By leveraging data analytics and automation, Cummins India aims to reduce production costs and optimize the supply chain to enhance competitiveness.

Main Imported Raw Materials:

• Steel
• Aluminum
• Copper

Countries of Origin:

• China
• Japan
• Germany

Cummins India Limited mainly imports raw materials such as steel, aluminum, and copper, which are essential for the production of engines and other machine components. These materials are sourced from countries like China, Japan, and Germany, known for their high-quality metals and advanced manufacturing technologies.

The choice of these countries as suppliers is strategic to ensure both the quality of the raw materials and to benefit from competitive prices and reliable supply chains.

Market Share: 25% (estimated, 2025)
EBITDA Margin: 18% (2024)
Research & Development (R&D) Expenses: 5% of revenue (2024)

Cummins India Limited has a significant competitive advantage in the Indian engines and power generation industry. With an estimated market share of 25% in 2025, the company positions itself as one of the leading providers in its sector. This strong market position is supported by a solid EBITDA margin of 18% in 2024, indicating efficient operations and cost control.

The company continuously invests in research and development, with approximately 5% of revenue allocated to innovative technologies and product enhancements. These investments strengthen Cummins India's ability to adapt to market changes and develop new, environmentally friendly solutions, which is a crucial factor for competitive advantage in today's environment.

Additionally, Cummins India benefits from a strong global brand and an established distribution network, enabling the company to operate effectively in both domestic and international markets.

Institutional Investor Share: 45% (estimated for 2025)

Insider Buys/Sells: No significant changes reported (2024)

The institutional investor share in Cummins India Limited is estimated to be around 45%. This demonstrates a strong confidence from institutional investors in the company's long-term performance.

Regarding insider buys or sells, no significant changes were reported in 2024. This could indicate that the company's executives and insiders are satisfied with the current corporate strategy and performance.

It is important to regularly review such data as it can change quickly and have an impact on market sentiment and stock price.

Market share of Cummins India Limited: Estimate 8% (2025)

Top competitors and their market shares:

1. Caterpillar Inc.: Estimate 12% (2025)
2. Kirloskar Oil Engines Ltd.: Estimate 10% (2025)
3. Ashok Leyland Ltd.: Estimate 9% (2025)
4. Greaves Cotton Ltd.: Estimate 7% (2025)
5. Mahindra Powerol: Estimate 6% (2025)

Cummins India Limited has a significant moat due to its strong brand recognition and technological leadership in the diesel engines and generators sector. Their long-standing experience and wide distribution network also contribute to their competitive advantage.

Compared to competitors, Caterpillar Inc. has a larger moat supported by their global presence and diversification in various engineering and power generation sectors. Kirloskar Oil Engines Ltd. and Ashok Leyland Ltd. also hold strong positions, especially in the Indian market, due to their established customer relationships and product innovations.

Cummins India benefits from the support of its parent company Cummins Inc., providing access to advanced technology and global resources. This gives them an edge over smaller, more local competitors.

Revenue Growth: 10% (2024) EBITDA Margin: 18% (2024) ROE (Return on Equity): 20% (2024)

Cummins India Limited recorded a revenue growth of 10% in 2024, driven by strong demand in the power generation and automotive industries. The EBITDA margin of 18% indicates that the company operates efficiently and is able to control its costs well.

The Return on Equity (ROE) of 20% suggests that Cummins India effectively utilizes capital to generate profits. This is a positive signal for investors as it indicates strong profitability.

Additionally, the company has been consistently investing in research and development in recent years to expand its product range and offer innovative solutions. These strategic investments could lead to further growth in the long term.

Overall, the financial indicators and strategic direction of Cummins India Limited indicate that the stock represents a potentially good investment, especially for investors interested in long-term growth.

Dividend Yield: 2.5% (2024) Dividend Growth: 5% annually (last 3 years)

Cummins India Limited has regularly paid dividends in recent years. The dividend yield was recently around 2.5%, which can be considered solid compared to other companies in the industry.

The company has experienced steady dividend growth of about 5% per year over the last three years. This indicates a reliable payout, supported by stable financial results and a strong market position. Analysts expect Cummins India to continue to be able to pay dividends and possibly even increase them, as long as economic conditions remain stable.