GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cummins India Ltd (NSE:CUMMINSIND) » Definitions » Net Current Asset Value

Cummins India (NSE:CUMMINSIND) Net Current Asset Value : ₹158.78 (As of Mar. 2025)


View and export this data going back to 1995. Start your Free Trial

What is Cummins India Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Cummins India's net current asset value per share for the quarter that ended in Mar. 2025 was ₹158.78.

The historical rank and industry rank for Cummins India's Net Current Asset Value or its related term are showing as below:

NSE:CUMMINSIND' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.68   Med: 14.22   Max: 23.27
Current: 20.9

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cummins India was 23.27. The lowest was 5.68. And the median was 14.22.

NSE:CUMMINSIND's Price-to-Net-Current-Asset-Value is ranked worse than
89.82% of 2162 companies
in the Industrial Products industry
Industry Median: 4.93 vs NSE:CUMMINSIND: 20.90

Cummins India Net Current Asset Value Historical Data

The historical data trend for Cummins India's Net Current Asset Value 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.

* Premium members only.

Cummins India Net Current Asset Value Chart

Cummins India Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.37 88.25 105.99 129.29 158.78

Cummins India Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net Current Asset Value 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 129.29 - 139.85 - 158.78

Competitive Comparison of Cummins India's Net Current Asset Value

For the Specialty Industrial Machinery subindustry, Cummins India's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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's Price-to-Net-Current-Asset-Value Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cummins India's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Cummins India's Price-to-Net-Current-Asset-Value falls into.


;
;

Cummins India Net Current Asset Value Calculation

Cummins India's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2025 is calculated as

Net Current Asset Value Per Share(A: Mar. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(70085.1-26070.9-0-0)/277.200
=158.78

Cummins India's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2025 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(70085.1-26070.9-0-0)/277.200
=158.78

* 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  (NSE:CUMMINSIND) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Cummins India Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of Cummins India's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Cummins India Business Description

Traded in Other Exchanges
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.

Cummins India Headlines

No Headlines