Cummins India Limited (CUMMINSIND) - Net Assets

Latest as of September 2025: Rs78.95 Billion INR ≈ $853.82 Million USD

Based on the latest financial reports, Cummins India Limited (CUMMINSIND) has net assets worth Rs78.95 Billion INR (≈ $853.82 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs105.40 Billion ≈ $1.14 Billion USD) and total liabilities (Rs26.45 Billion ≈ $286.07 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. Check CUMMINSIND financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs78.95 Billion
% of Total Assets 74.9%
Annual Growth Rate 12.15%
5-Year Change 62.56%
10-Year Change 126.85%
Growth Volatility 5.38

Cummins India Limited - Net Assets Trend (2005–2025)

This chart illustrates how Cummins India Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Cummins India Limited for the complete picture of this company's asset base.

Annual Net Assets for Cummins India Limited (2005–2025)

The table below shows the annual net assets of Cummins India Limited from 2005 to 2025. For live valuation and market cap data, see CUMMINSIND stock market capitalisation.

Year Net Assets Change
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 6317700000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings Rs63.18 Billion 83.55%
Common Stock Rs554.40 Million 0.73%
Other Comprehensive Income Rs11.88 Billion 15.71%
Total Equity Rs75.61 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
Wartsila Oyj Abp
HE:WRT1V
 $15.79 Billion
Neste Oil Oyj
HE:NESTE
 $15.79 Billion
Emera Incorporated
NYSE:EMA
 $15.79 Billion
Lundin Gold Inc
TO:LUG
 $15.80 Billion
Invitation Homes Inc
NYSE:INVH
 $15.79 Billion
Nordson Corporation
NASDAQ:NDSN
 $15.78 Billion
Grace Fabric Technology Co Ltd
SHG:603256
 $15.77 Billion
Emera Inc.
TO:EMA
 $15.74 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 2024 to 2025, total equity changed from 66,123,200,000 to 75,614,000,000, a change of 9,490,800,000 (14.4%).
  • Net income of 19,999,400,000 contributed positively to equity growth.
  • Dividend payments of 10,533,600,000 reduced retained earnings.
  • Other comprehensive income increased equity by 152,300,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Rs20.00 Billion +26.45%
Dividends Paid Rs10.53 Billion -13.93%
Other Comprehensive Income Rs152.30 Million +0.2%
Other Changes Rs-127.30 Million -0.17%
Total Change Rs- 14.35%

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: 19.30x
  • 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 191.16x to 19.30x 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 Rs5266.40 x
2006-03-31 Rs30.76 Rs5266.40 x
2007-03-31 Rs36.82 Rs5266.40 x
2008-03-31 Rs44.52 Rs5266.40 x
2009-03-31 Rs53.58 Rs5266.40 x
2010-03-31 Rs56.31 Rs5266.40 x
2011-03-31 Rs65.16 Rs5266.40 x
2012-03-31 Rs73.71 Rs5266.40 x
2013-03-31 Rs86.10 Rs5266.40 x
2014-03-31 Rs92.54 Rs5266.40 x
2015-03-31 Rs104.13 Rs5266.40 x
2016-03-31 Rs120.25 Rs5266.40 x
2017-03-31 Rs139.65 Rs5266.40 x
2018-03-31 Rs148.58 Rs5266.40 x
2019-03-31 Rs154.51 Rs5266.40 x
2020-03-31 Rs158.80 Rs5266.40 x
2021-03-31 Rs167.80 Rs5266.40 x
2022-03-31 Rs185.60 Rs5266.40 x
2023-03-31 Rs207.73 Rs5266.40 x
2024-03-31 Rs238.54 Rs5266.40 x
2025-03-31 Rs272.83 Rs5266.40 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): 26.45%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 19.25%
  • • Asset Turnover: 1.02x
  • • Equity Multiplier: 1.34x
  • Recent ROE (26.45%) is above the historical average (23.46%), 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

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: $22,741,236,108
  • Average return on equity (ROE) among peers: 10.73%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Cummins India Limited (CUMMINSIND) Rs78.95 Billion 17.47% 0.34x $15.79 Billion
Aaron Industries Limited (AARON) $108.01 Million 12.44% 0.77x $31.35 Million
Ador Welding Limited (ADORWELD) $3.24 Billion 18.33% 0.40x $184.52 Million
The Anup Engineering Limited (ANUP) $2.41 Billion 10.60% 0.28x $446.74 Million
ATAM VALVES ORD (BSE) (ATAM) $99.69 Million 8.77% 0.82x $8.50 Million
Azad Engineering Limited (AZAD) $2.04 Billion 4.15% 1.89x $1.51 Billion
Bharat Heavy Electricals Limited (BHEL) $201.55 Billion 30.03% 1.96x $13.27 Billion
Diamond Power Infrastructure Limited (DIACABS) $-5.96 Billion 0.00% 0.00x $899.30 Million
Diffusion Engineers Ltd (DIFFNKG) $953.91 Million 11.68% 0.77x $120.60 Million
Ducon Infratechnologies Limited (DUCON) $238.32 Million 0.60% 0.42x $11.42 Million

About Cummins India Limited

NSE:CUMMINSIND India Specialty Industrial Machinery
Market Cap
$15.79 Billion
Rs1.46 Trillion INR
Market Cap Rank
#1549 Global
#48 in India
Share Price
Rs5266.40
Change (1 day)
-0.41%
52-Week Range
Rs2736.30 - Rs5288.00
All Time High
Rs5288.00
Categories
Companies in India Specialty Industrial Machinery
About

Cummins India Limited engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies in India, Nepal, and Bhutan. The company operates through two segments, Engines and Lubes. It provides accelera, G-drive, fire pump drive, hydrogen, and natural gas engines; and generators and power systems, including integrated power systems, alternators, trans… Read more