CUMMINS INDIA
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The Current P/E Ratio of CUMMINS INDIA is 72.25.
| Share Price | ₹5,137.9 | Apr 10,2026 |
| Market Cap | ₹142,421.2 Cr | |
| Earnings-TTM | ₹1,971.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 72.25x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of CUMMINS INDIA
Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹142,421.2 Cr] as on Apr 10,2026
(/) Earnings [ ₹1,971.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 72.25x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for CUMMINS INDIA , the investors are currently willing to pay 72.25 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of CUMMINS INDIA !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of CUMMINS INDIA over the last five years.
Thus, for CUMMINS INDIA , the investors are currently willing to pay 72.25 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of CUMMINS INDIA !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of CUMMINS INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of CUMMINS INDIA
PE Ratio Performance Analysis for CUMMINS INDIA
- CUMMINS INDIA 's latest p/e ratio is 72.25x.
- CUMMINS INDIA 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 40.20x.
- CUMMINS INDIA 's operated at median p/e ratio of 40.14x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CUMMINS INDIA 's p/e ratio peaked in Mar2024 at 48.46x.
- CUMMINS INDIA 's p/e ratio hit its five-year low in Mar2022 of 33.36x.
- CUMMINS INDIA 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 40.20x.
- CUMMINS INDIA 's operated at median p/e ratio of 40.14x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CUMMINS INDIA 's p/e ratio peaked in Mar2024 at 48.46x.
- CUMMINS INDIA 's p/e ratio hit its five-year low in Mar2022 of 33.36x.
How does CUMMINS INDIA 's P/E Ratio benchmark against top 10 peers in Diesel Engines Industry?
| Peer Comparison (Diesel Engines Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| CUMMINS INDIA | 1,971.19 | 72.25 | 142,421.2 |
| GREAVES COTTON LTD | 34.62 | 101.52 | 3,514.6 |
| SWARAJ ENGINES LTD | 187.17 | 25.57 | 4,785.6 |
Diesel Engines Industry Benchmark (Top 10) PE Analysis vs CUMMINS INDIA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 25.57x |
| Max industry PE | 101.52x |
| Median industry PE | 72.25x |
| Average industry PE | 66.45x |
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