Cummins India Limited (CUMMINSIND) — Tangible Net Worth Ratio
Cummins India Limited (CUMMINSIND) has a Tangible Net Worth Ratio of 98.3% as of September 2025. This metric is calculated by deducting intangible assets (Rs1.33 Billion) from net assets (Rs78.95 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore CUMMINSIND net assets growth trend to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Cummins India Limited Tangible Net Worth Ratio (2005–2025)
This chart shows how Cummins India Limited's Tangible Net Worth Ratio has changed across 21 annual periods from 2005 to 2025. As of September 2025, the ratio stands at 98.3%, reflecting net assets of Rs78.95 Billion with intangible assets of Rs1.33 Billion INR. For live market cap and overall valuation, see CUMMINSIND company net worth.
Annual Tangible Net Worth Ratio for Cummins India Limited (2005–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Cummins India Limited from 2005 to 2025, covering 21 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore reinvestment intensity of Cummins India Limited to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.1% | Rs75.61 Billion | Rs1.43 Billion | Rs101.68 Billion | ▲ +0.1 pp |
| 2024 | 98.0% | Rs66.12 Billion | Rs1.32 Billion | Rs89.71 Billion | ▼ -1.3 pp |
| 2023 | 99.3% | Rs57.58 Billion | Rs378.00 Million | Rs79.19 Billion | ▲ +0.2 pp |
| 2022 | 99.2% | Rs51.45 Billion | Rs423.90 Million | Rs71.12 Billion | ▲ +0.2 pp |
| 2021 | 98.9% | Rs46.51 Billion | Rs491.50 Million | Rs59.56 Billion | ▼ -1.0 pp |
| 2020 | 99.9% | Rs44.02 Billion | Rs24.00 Million | Rs61.96 Billion | ▲ +0.0 pp |
| 2019 | 99.9% | Rs42.83 Billion | Rs31.40 Million | Rs60.60 Billion | ▲ +0.1 pp |
| 2018 | 99.9% | Rs41.19 Billion | Rs54.70 Million | Rs57.15 Billion | ▲ +0.1 pp |
| 2017 | 99.8% | Rs38.71 Billion | Rs83.70 Million | Rs52.14 Billion | ▲ +0.1 pp |
| 2016 | 99.7% | Rs33.33 Billion | Rs107.20 Million | Rs48.43 Billion | ▲ +0.0 pp |
| 2015 | 99.7% | Rs28.87 Billion | Rs93.60 Million | Rs43.22 Billion | ▼ -0.3 pp |
| 2014 | 99.9% | Rs25.65 Billion | Rs16.30 Million | Rs37.73 Billion | ▲ +0.1 pp |
| 2013 | 99.8% | Rs23.87 Billion | Rs38.50 Million | Rs36.70 Billion | ▲ +0.1 pp |
| 2012 | 99.7% | Rs20.43 Billion | Rs59.60 Million | Rs31.02 Billion | ▲ +0.2 pp |
| 2011 | 99.6% | Rs18.06 Billion | Rs81.22 Million | Rs28.66 Billion | ▲ +0.4 pp |
| 2010 | 99.2% | Rs15.61 Billion | Rs129.42 Million | Rs23.84 Billion | ▼ -0.8 pp |
| 2009 | 100.0% | Rs14.85 Billion | Rs0.00 | Rs23.34 Billion | ▲ +2.4 pp |
| 2008 | 97.6% | Rs12.34 Billion | Rs296.13 Million | Rs20.10 Billion | ▼ -1.3 pp |
| 2007 | 98.9% | Rs10.21 Billion | Rs111.21 Million | Rs15.75 Billion | ▲ +0.8 pp |
| 2006 | 98.1% | Rs8.53 Billion | Rs161.59 Million | Rs13.31 Billion | ▲ +0.9 pp |
| 2005 | 97.2% | Rs7.64 Billion | Rs211.78 Million | Rs12.18 Billion | — |