Cummins India Limited Net Assets

Latest as of March 2026: Rs84.75 Billion INR ≈ $916.56 Million USD

Cummins India Limited net assets. Based on the latest financial reports, Cummins India Limited (CUMMINSIND) has net assets worth Rs84.75 Billion INR (≈ $916.56 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs113.04 Billion ≈ $1.22 Billion USD) and total liabilities (Rs28.29 Billion ≈ $305.95 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset momentum of Cummins India Limited to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs84.75 Billion
% of Total Assets	74.97%
Annual Growth Rate	12.14%
5-Year Change	64.73%
10-Year Change	118.93%
Growth Volatility	5.25

Net Assets of Cummins India Limited (2005–2026)

Net assets of Cummins India Limited from 2005 to 2026. This chart illustrates how Cummins India Limited's net assets have evolved over time, based on quarterly financial data. See Cummins India Limited balance sheet independence to measure how much of total assets are equity-financed.

Annual Net Assets for Cummins India Limited (2005–2026)

The table below shows the annual net assets of Cummins India Limited from 2005 to 2026. For live market cap and overall valuation, see market cap of Cummins India Limited.

Year	Net Assets	Change
2026-03-31	Rs84.75 Billion ≈ $916.56 Million	+12.08%
2025-03-31	Rs75.61 Billion ≈ $817.74 Million	+14.35%
2024-03-31	Rs66.12 Billion ≈ $715.10 Million	+14.83%
2023-03-31	Rs57.58 Billion ≈ $622.73 Million	+11.92%
2022-03-31	Rs51.45 Billion ≈ $556.41 Million	+10.61%
2021-03-31	Rs46.51 Billion ≈ $503.03 Million	+5.66%
2020-03-31	Rs44.02 Billion ≈ $476.06 Million	+2.78%
2019-03-31	Rs42.83 Billion ≈ $463.19 Million	+3.99%
2018-03-31	Rs41.19 Billion ≈ $445.41 Million	+6.39%
2017-03-31	Rs38.71 Billion ≈ $418.64 Million	+16.14%
2016-03-31	Rs33.33 Billion ≈ $360.47 Million	+15.48%
2015-03-31	Rs28.87 Billion ≈ $312.17 Million	+12.53%
2014-03-31	Rs25.65 Billion ≈ $277.41 Million	+7.48%
2013-03-31	Rs23.87 Billion ≈ $258.12 Million	+16.82%
2012-03-31	Rs20.43 Billion ≈ $220.96 Million	+13.11%
2011-03-31	Rs18.06 Billion ≈ $195.34 Million	+15.71%
2010-03-31	Rs15.61 Billion ≈ $168.82 Million	+5.10%
2009-03-31	Rs14.85 Billion ≈ $160.62 Million	+20.35%
2008-03-31	Rs12.34 Billion ≈ $133.46 Million	+20.91%
2007-03-31	Rs10.21 Billion ≈ $110.38 Million	+19.71%
2006-03-31	Rs8.53 Billion ≈ $92.21 Million	+11.65%
2005-03-31	Rs7.64 Billion ≈ $82.59 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Cummins India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 7217080000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Cummins India Limited Net Assets Breakdown (March 2026)

Cummins India Limited net assets breakdown by equity component as of March 2026.

Component	Amount	Percentage
Retained Earnings	Rs72.17 Billion	85.16%
Common Stock	Rs554.40 Million	0.65%
Other Comprehensive Income	Rs12.03 Billion	14.19%
Total Equity	Rs84.75 Billion	100.00%

Cummins India Limited Competitors by Market Cap

The table below lists competitors of Cummins India Limited ranked by their market capitalization.

Company	Market Cap
Toll Brothers Inc NYSE:TOL	$13.95 Billion
Trimble Inc NASDAQ:TRMB	$13.96 Billion
GD Power Development Co Ltd SHG:600795	$13.96 Billion
Zhejiang Century Huatong Group Co Ltd SHE:002602	$13.97 Billion
PO.S.B.O. UNSP.ADRS/20YC1 F:3YB0	$13.93 Billion
Assurant, Inc. NYSE:AIZ	$13.93 Billion
METSO OUTOTEC UNS.ADR 1/2 F:M6QB	$13.91 Billion
Norsk Hydro ASA F:NOHA	$13.90 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cummins India Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 75,614,000,000 to 84,751,600,000, a change of 9,137,600,000 (12.1%).
Net income of 23,617,500,000 contributed positively to equity growth.
Dividend payments of 14,830,200,000 reduced retained earnings.
Other comprehensive income increased equity by 143,800,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs23.62 Billion	+27.87%
Dividends Paid	Rs14.83 Billion	-17.5%
Other Comprehensive Income	Rs143.80 Million	+0.17%
Other Changes	Rs206.50 Million	+0.24%
Total Change	Rs-	12.08%

Book Value vs Market Value Analysis

This analysis compares Cummins India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 15.21x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 168.78x to 15.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs27.55	Rs4650.00	x
2006-03-31	Rs30.76	Rs4650.00	x
2007-03-31	Rs36.82	Rs4650.00	x
2008-03-31	Rs44.52	Rs4650.00	x
2009-03-31	Rs53.58	Rs4650.00	x
2010-03-31	Rs56.31	Rs4650.00	x
2011-03-31	Rs65.16	Rs4650.00	x
2012-03-31	Rs73.71	Rs4650.00	x
2013-03-31	Rs86.10	Rs4650.00	x
2014-03-31	Rs92.54	Rs4650.00	x
2015-03-31	Rs104.13	Rs4650.00	x
2016-03-31	Rs120.25	Rs4650.00	x
2017-03-31	Rs139.65	Rs4650.00	x
2018-03-31	Rs148.58	Rs4650.00	x
2019-03-31	Rs154.51	Rs4650.00	x
2020-03-31	Rs158.80	Rs4650.00	x
2021-03-31	Rs167.80	Rs4650.00	x
2022-03-31	Rs185.60	Rs4650.00	x
2023-03-31	Rs207.73	Rs4650.00	x
2024-03-31	Rs238.54	Rs4650.00	x
2025-03-31	Rs272.83	Rs4650.00	x
2026-03-31	Rs305.74	Rs4650.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cummins India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 27.87%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 19.45%
• Asset Turnover: 1.07x
• Equity Multiplier: 1.33x
Recent ROE (27.87%) is above the historical average (23.66%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	17.47%	9.07%	1.21x	1.59x	Rs570.57 Million
2006	21.54%	10.35%	1.33x	1.56x	Rs983.78 Million
2007	26.25%	12.62%	1.35x	1.54x	Rs1.66 Billion
2008	26.33%	12.24%	1.32x	1.63x	Rs2.02 Billion
2009	31.17%	13.12%	1.51x	1.57x	Rs3.14 Billion
2010	28.43%	15.60%	1.19x	1.53x	Rs2.88 Billion
2011	32.72%	14.98%	1.38x	1.59x	Rs4.10 Billion
2012	28.94%	14.36%	1.33x	1.52x	Rs3.87 Billion
2013	32.01%	16.65%	1.25x	1.54x	Rs5.25 Billion
2014	23.39%	15.09%	1.05x	1.47x	Rs3.44 Billion
2015	27.22%	15.83%	1.15x	1.50x	Rs4.97 Billion
2016	22.00%	15.33%	0.99x	1.45x	Rs4.00 Billion
2017	19.02%	14.42%	0.98x	1.35x	Rs3.49 Billion
2018	17.28%	13.92%	0.89x	1.39x	Rs3.00 Billion
2019	17.34%	13.03%	0.94x	1.41x	Rs3.14 Billion
2020	16.03%	13.59%	0.84x	1.41x	Rs2.65 Billion
2021	13.65%	14.56%	0.73x	1.28x	Rs1.70 Billion
2022	18.15%	15.13%	0.87x	1.38x	Rs4.19 Billion
2023	21.33%	15.80%	0.98x	1.38x	Rs6.52 Billion
2024	26.02%	19.12%	1.00x	1.36x	Rs10.59 Billion
2025	26.45%	19.25%	1.02x	1.34x	Rs12.44 Billion
2026	27.87%	19.45%	1.07x	1.33x	Rs15.14 Billion

Industry Comparison

This section compares Cummins India Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $33,050,282,336
Average return on equity (ROE) among peers: 4.58%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cummins India Limited (CUMMINSIND)	Rs84.75 Billion	17.47%	0.33x	$13.94 Billion
Aaron Industries Limited (AARON)	$2.90 Million	17.03%	7.81x	$30.42 Million
Ador Welding Limited (ADORWELD)	$1.64 Billion	15.70%	0.29x	$184.52 Million
The Anup Engineering Limited (ANUP)	$670.69 Million	27.06%	0.28x	$294.73 Million
ATAM VALVES ORD (BSE) (ATAM)	$380.61 Million	6.35%	0.53x	$6.76 Million
Azad Engineering Limited (AZAD)	$908.92 Million	12.65%	1.82x	$1.79 Billion
Bharat Heavy Electricals Limited (BHEL)	$286.52 Billion	-5.12%	1.12x	$15.06 Billion
Diamond Power Infrastructure Limited (DIACABS)	$6.22 Billion	-43.87%	4.42x	$2.38 Billion
Diffusion Engineers Ltd (DIFFNKG)	$878.85 Million	10.80%	0.52x	$161.29 Million
Ducon Infratechnologies Limited (DUCON)	$238.32 Million	0.60%	0.42x	$4.64 Million

About Cummins India Limited

NSE:CUMMINSIND India Specialty Industrial Machinery

Market Cap

$13.94 Billion

Rs1.29 Trillion INR

Market Cap Rank

#1679 Global

#55 in India

Share Price

Rs4650.00

Change (1 day)

+2.58%

52-Week Range

Rs3928.30 - Rs6027.50

All Time High

Rs6027.50