Cummins India Share Price Target 2024, 2025, 2030, 2040 and 2050

Cummins India Ltd. (NSE: CUMMINSIND) is a leading manufacturer of engines, power generation equipment, and related components for a variety of applications in India and around the world.

As of February 26, 2024, the Cummins India’s share price has been fluctuating as a result of various market and industry situations and is currently trading at Rs.2,686 with a market cap of ₹74,466 Crore.

Many experts and investors are optimistic about the Cummins India’s future prospects given its recent triumphs in meeting the Bharat Stage-VI OBD II emission standard.

The current state of Cummins India’s stock and a few probable factors that could have an impact on its share price goal between 2024 and 2030 will be examined in this article.

We will also address the question of whether or not Cummins India is a good stock to buy, given its historical performance, current market conditions, and long-term growth potential.

Cummins india share price prediction

About Cummins India

Cummins India is a subsidiary of Cummins Inc., a global power technology leader based in the USA. They specialize in designing, manufacturing, distributing, and servicing diesel and alternative fuel engines ranging from 2.8 to 95 liters, as well as power generator sets up to 3000 kW (3750 kVA). They also provide related components and technology.

With over 58,000 employees worldwide, Cummins Inc. is comprised of various business units that focus on engine design, engineering, manufacturing, distribution, and service. They offer a range of technologies including fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems.

Headquartered in Columbus, Indiana, Cummins serves customers in approximately 190 countries and territories through a vast network of over 600 company-owned and independent distributor locations, along with approximately 7,400 dealer locations. In 2017, Cummins recorded net income of nearly $1 billion and revenues of $20.4 billion. Their company culture fosters personal growth and innovation within a diverse and inclusive environment.

Stock History of Cummins India

The history of Cummins India is extensive and dates back many years. The business, which was started with the intention of fostering sustainable growth in India, has developed into a significant force in the nation’s manufacturing industry.

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Cummins India has demonstrated incredible resiliency over the years despite dealing with severe economic difficulties by persistently investing in cutting-edge technologies and creative solutions. Because of this, the business has become a leader in its field and has continued to grow by forming strategic alliances and working together with other businesses all throughout India.

Cummins India has developed a solid reputation as a dependable partner and a significant development driver in the rapidly changing business environment in India thanks to its constant dedication to quality, innovation, and sustainability.

The company is well-positioned to take advantage of the numerous opportunities given by India’s rapidly evolving economy because it places a strong emphasis on satisfying the demands of its clients and striving for excellence in all facets of its business operations.

Recent News About Cummins India

Cummins India declared an interim dividend of ₹18.0, with a record date and ex-dividend date set for February 21, 2024.

Cummins India Q3 FY24 Results Highlights

  • The company witnessed a 16.31% increase in revenue, reaching ₹2541.38 crore.
  • Profits surged by 20.57% year-on-year (YoY) to ₹498.91 crore.
  • Compared to the previous quarter, revenue saw a significant uptick of 32.26%, accompanied by a substantial 51.6% increase in profits.
  • Operating income rose by 61.89% quarter-on-quarter (q-o-q) and 31.75% YoY, indicating strong operational performance.
  • The earnings per share (EPS) for Q3 FY24 stood at ₹18.05, marking a notable 20.88% increase YoY.

How to purchase Cummins India shares?

Below are the trading platforms that you can use to purchase Cummins India shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Cummins India Share Price Prediction: 2024 to 2030

Cummins India Share Price Target 2024

When Maximum Price Minimum Price
March 2024  ₹2,697.20  ₹2,345.39
April 2024  ₹2,618.64  ₹2,277.08
May 2024  ₹2,579.94  ₹2,243.43
June 2024  ₹2,672.82  ₹2,324.19
July 2024  ₹2,646.09  ₹2,300.95
August 2024  ₹2,751.94  ₹2,392.99
September 2024  ₹2,862.0  ₹2,488.71
October 2024  ₹2,805.89  ₹2,439.91
November 2024  ₹2,890.07  ₹2,513.11
December 2024  ₹2,962.32  ₹2,575.93

In March 2024, Cummins India’s maximum price is expected to reach ₹2,697.20 while the minimum price is anticipated to be around ₹2,345.39. As we progress into April 2024, the maximum price for Cummins India is projected to be ₹2,618.64, with the minimum price forecasted at ₹2,277.08. Looking ahead to December 2024, Cummins India is forecasted to witness its highest price of ₹2,962.32 and its lowest price of ₹2,575.93.

Cummins India Share Price Target 2025

When Maximum Price Minimum Price
January 2025 3,021.57 2,324.28
February 2025 3,099.05 2,383.88
March 2025 3,219.91 2,476.85
April 2025 3,156.77 2,428.29
May 2025 3,064.83 2,357.56
June 2025 3,202.75 2,463.65
July 2025 3,139.95 2,415.34
August 2025 3,237.06 2,490.04
September 2025 3,350.36 2,577.20
October 2025 3,437.46 2,644.20
November 2025 3,523.40 2,710.31
December 2025 3,611.49 2,778.07

Cummins India is anticipated to see its stock prices fluctuate throughout 2025. In January, the maximum price is expected to reach 3,021.57, with the minimum likely to settle around 2,324.28. February is projected to show a maximum price of 3,099.05 and a minimum of 2,383.88 for Cummins India, with similar variations forecasted for the subsequent months. By December 2025, the highest projected price for Cummins India is estimated to be 3,611.49, while the lowest is anticipated to be 2,778.07.

Cummins India Share Price Target 2026 to 2030

Year Maximum Price Minimum Price
2026 4,446.07 2,861.41
2027 5,420.38 3,488.46
2028 6,608.21 4,252.92
2029 8,056.33 5,184.90
2030 9,821.79 6,321.12

Between 2026 and 2030, Cummins India’s stock is poised for significant growth. In 2026, analysts forecast a surge with prices ranging from ₹2,861.41 to ₹4,446.07, reflecting positive market sentiment. Moving into 2027, prices are expected to increase further, reaching up to ₹5,420.38. By 2028, prices may climb to ₹6,608.21, sustaining the growth momentum. In 2029, the maximum price is projected to rise to ₹8,056.33, reflecting strong market sentiment. Finally, by 2030, prices are expected to soar to ₹9,821.79, underlining sustained investor confidence in Cummins India’s growth potential.

Financial Condition of Cummins India: Last 5 years

Cummins India
(in INR Crore)
March 2019 March 2020 March 2021 March 2022 March 2023
Sales 5,659 5,158 4,329 6,140 7,744
Expenses 4,795 4,567 3,729 5,260 6,502
Operating Profit 864 590 600 880 1,243
OPM % 15% 11% 14% 14% 16%
Other Income 293 308 349 425 406
Interest 16 20 16 12 16
Depreciation 110 119 126 134 140
Profit before Tax 1,030 759 808 1,159 1,492
Tax % 30% 17% 24% 24% 24%
Net Profit 723 629 618 887 1,130
EPS (in Rs) 26.07 22.70 22.29 31.99 40.76
Dividend Payout % 65% 62% 67% 58% 61%


  • Cummins India experienced a steady growth in sales during this period, with an upward trend from 4,329 crore in March 2019 to 7,744 crore in March 2023. This indicates positive business performance and increased market demand for their products and services.
  • The company demonstrated effective expense management, as evidenced by the controlled increase in expenses from 4,795 crore in March 2019 to 6,502 crore in March 2023. This indicates efficient cost control measures and the ability to maintain profitability.
  • Cummins India consistently improved its operating profit, reaching 1,243 crore in March 2023. This reflects the company’s ability to generate profits from its core operations and signifies positive operational efficiency.
  • The company maintained a relatively stable operating profit margin (OPM %) in the range of 11% to 16% during this period. This suggests consistent operational performance and the ability to manage costs effectively.
  • Cummins India displayed a consistent track record of profitability, with net profit increasing from 723 crore in March 2019 to 1,130 crore in March 2023. This highlights the company’s ability to generate sustainable profits and deliver value to its stakeholders.


Can we expect an increase in the share price of Cummins India in 2024?

By the end of 2024, it is expected that the per share price of Cummins India will rise to ₹2,962.32.

What is the share price target for Cummins India in 2025?

The share price target of Cummins India for 2025 might be around ₹ 3,611.49.

What are the key financial highlights of Cummins India in the last five years?

Cummins India’s revenue growth has been volatile, but the company has managed to increase its profits steadily over the years. The company’s profit after tax (PAT) has increased by around 11% CAGR over the last five years.

What is the share price target of Cummins India by 2030?

By the end of 2030, the share price of Cummins India is expected to reach approximately ₹9,821.79 per share.

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Cummins India’s recent financial performance and strategic endeavors underscore its resilience and growth prospects. With a focus on meeting industry standards like the Bharat Stage-VI emission norms, the company is poised to capitalize on market opportunities. Analysts and investors are optimistic about its future, with projected share price targets indicating substantial growth potential. Cummins India’s consistent profitability and efficient expense management reinforce its ability to create value for shareholders, making it an appealing investment opportunity in the dynamic power technology sector.

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Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.

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