Cummins India (NSE:CUMMINSIND) EV-to-FCF: (As of Jul. 28, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:CUMMINSIND Cummins India Ltd NSE:CUMMINSIND
90 GF Score
Price ₹5,629.50
GF Value ₹4,406.79
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Cummins India EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cummins India's Enterprise Value is ₹1,521,119 Mil. Cummins India's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, Cummins India's EV-to-FCF for today is .

The historical rank and industry rank for Cummins India's EV-to-FCF or its related term are showing as below:

NSE:CUMMINSIND' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 102.11
Current: 102.11

During the past 13 years, the highest EV-to-FCF of Cummins India was 102.11. The lowest was 0.00. And the median was 0.00.

NSE:CUMMINSIND's EV-to-FCF is ranked worse than
85.3% of 1728 companies
in the Industrial Products industry
Industry Median: 23.63 vs NSE:CUMMINSIND: 102.11

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-28), Cummins India's stock price is ₹5629.50. Cummins India's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹85.200. Therefore, Cummins India's PE Ratio (TTM) for today is 66.07.


Cummins India  (NSE:CUMMINSIND) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Cummins India's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=5629.50/85.200
=66.07

Cummins India's share price for today is ₹5629.50.
Cummins India's Earnings per Share (Diluted) 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 ₹85.200.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Cummins India EV-to-FCF Related Terms


Cummins India EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Cummins India's EV-to-FCF 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 EV-to-FCF Chart

Cummins India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.45 65.53 81.05 55.69 81.52

Cummins India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF 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 55.69 0.00 0.00 0.00 81.52

NSE:CUMMINSIND vs GEV, ETN, PH: EV-to-FCF Comparison

For the Specialty Industrial Machinery subindustry, Cummins India's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Industrial Products Industry

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

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


NSE:CUMMINSIND
90GF Score
Cummins India Ltd NSE:CUMMINSIND
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cummins India EV-to-FCF Calculation

Cummins India's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1521119.260/0
=

Cummins India's current Enterprise Value is ₹1,521,119 Mil.
Cummins India's Free Cash Flow 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 ₹0 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.

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

Based on GuruFocus' analysis, Cummins India stock appears to be overvalued. The current stock price of ₹5,629.50 is trading 27.7% above its estimated GF Value™ of ₹4,406.79. GuruFocus considers Cummins India to be Modestly Overvalued.

Key valuation signals for NSE:CUMMINSIND:

  • EV-to-FCF:
  • GF Value™: ₹4,406.79 vs. price of ₹5,629.50 (27.7% above fair value)
  • GF Score™: 90/100 with 4 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.
90GF Score

Get the complete analysis for NSE:CUMMINSIND

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

₹5,629.50
Price
₹4,406.79
GF Value