Cummins India (NSE:CUMMINSIND) EBIT: ₹30,984 Mil (TTM As of Mar. 2026)


NSE:CUMMINSIND Cummins India Ltd NSE:CUMMINSIND
84 GF Score
Price ₹5,663.00
GF Value ₹4,348.30
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Cummins India EBIT?

Cummins India NSE:CUMMINSIND +0.06% 84 EBIT is ₹30,984 Mil as of Mar. 2026. GuruFocus rates NSE:CUMMINSIND with a GF Score™ of 84/100 and a GF Value™ of ₹4,348.30 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Cummins India's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹8,542 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹30,984 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cummins India's annualized ROC % for the quarter that ended in Mar. 2026 was 32.14%. Cummins India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 108.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cummins India's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.02%.


Cummins India  (NSE:CUMMINSIND) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cummins India's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=23642.4 * ( 1 - 23.75% )/( (0 + 56094)/ 1 )
=18027.33/56094
=32.14 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=113042.1 - 17055.4 - ( 39892.7 - max(0, 24397 - 81101.8+39892.7))
=56094

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Cummins India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=34166.4/( ( (0 + max(0, 0)) + (14451.6 + max(16976.9, 0)) )/ 1 )
=34166.4/( ( 0 + 31428.5 )/ 1 )
=34166.4/31428.5
=108.71 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27542.7 + 11684.5 + 1981.9) - (17055.4 + 0 + 7176.8)
=16976.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cummins India's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=30983.6/1530574.780
=2.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cummins India EBIT Related Terms


Cummins India EBIT Historical Data

* Premium members only.

The historical data trend for Cummins India's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cummins India EBIT Chart

Cummins India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,191.40 16,075.30 22,320.10 26,086.60 30,983.60

Cummins India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,956.00 7,873.20 8,265.80 6,303.00 8,541.60

NSE:CUMMINSIND vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, Cummins India's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cummins India EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cummins India's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cummins India's EV-to-EBIT falls into.


NSE:CUMMINSIND
84GF Score
Cummins India Ltd NSE:CUMMINSIND
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cummins India EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹30,984 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹30,984 Mil mean?
Cummins India (NSE:CUMMINSIND) has a EBIT of ₹30,984 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cummins India.
Is Cummins India's EBIT too high?
Cummins India's current EBIT is ₹30,984 Mil. Overall, Cummins India has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cummins India's EBIT compare to GEV and ETN?
Cummins India's EBIT of ₹30,984 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cummins India. Cummins India's current EBIT is ₹30,984 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cummins India stock overvalued right now?
Based on GuruFocus' analysis, Cummins India (NSE:CUMMINSIND) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹4,348.30, compared to a current price of ₹5,663.00 — trading 30.2% above its estimated fair value. The current EBIT is ₹30,984 Mil. Cummins India's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Cummins India (NSE:CUMMINSIND), the current EBIT is ₹30,984 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cummins India (NSE:CUMMINSIND) Overvalued in 2026?

Based on GuruFocus' analysis, Cummins India stock appears to be overvalued. The current stock price of ₹5,663.00 is trading 30.2% above its estimated GF Value™ of ₹4,348.30. GuruFocus considers Cummins India to be Modestly Overvalued.

Key valuation signals for NSE:CUMMINSIND:

  • EBIT: ₹30,984 Mil
  • GF Value™: ₹4,348.30 vs. price of ₹5,663.00 (30.2% above fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the NSE:CUMMINSIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cummins India Business Description

Other Exchanges 500480:India
Address Cummins India Office Campus, Tower A, 5th Floor, Survey No. 21, Balewadi, Pune, MH, IND, 411045
Cummins India Ltd designs and manufactures service engines and engages in allied activities. The company produces fuel systems, air handling, filtration, emission solutions, and electrical power generation systems in facilities across India. The company's business units are; Engines, Power Systems, Components, and Distribution. Its operating segments are; Engines and Lubes. Maximum revenue is generated from its Engines segment which manufactures engines from 60 HP for low, medium, and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor.
84GF Score

Get the complete analysis for NSE:CUMMINSIND

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5,663.00
Price
₹4,348.30
GF Value