Cummins India Share Price Prediction 2027: Scenario Targets, Valuation and Technical Outlook
- October 9, 2026
- Posted by: Ankit Jaiswal
- Category: Market
CMP Rs 4,811.30 (9 Oct 2026). 52W range Rs 3,883.10 to Rs 6,100.00. PE 55.73. 2027 base Rs 5,774, bull Rs 6,014.
Quick Answer
Cummins India share price prediction 2027 centres on a conservative case of Rs 5,533, a base case of Rs 5,774 and a bull case of Rs 6,014, against a current price of Rs 4,811.30. These targets scale today’s price by reported EPS growth at a constant PE multiple, so they rest on earnings the company has already delivered, not on broker forecasts. The base case implies 20.0% upside from today’s price. The daily technical setup reads bearish.
The Cummins India share price forecast comes down to earnings growth and the multiple investors pay for it, and the reported numbers give a measured answer. The stock trades at Rs 4,811.30 on NSE as of 9 October 2026, 21.1% below its 52-week high of Rs 6,100.00, after the company reported net profit of Rs 2,361.75 crore for FY26.
This Cummins India stock forecast 2027 builds conservative, base and bull scenarios from exchange-reported financials, shareholding data and daily price indicators, with every assumption shown.
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Cummins India Share Price Today and Key Data
The Cummins India share price today is Rs 4,811.30 on NSE, up 1.48% on the day. The market capitalisation stands at Rs 1,31,931 crore. Over the past year the price has risen 21.6% from Rs 3,957.20. Every Cummins India stock forecast figure below starts from this price.
| Metric | Value |
|---|---|
| Company | Cummins India (CUMMINSIND) |
| Current Price | Rs 4,811.30 |
| 52-Week High | Rs 6,100.00 (29 May 2026) |
| 52-Week Low | Rs 3,883.10 (27 January 2026) |
| Market Cap | Rs 1,31,931 crore |
| PE Ratio | 55.73 |
| Industry PE | 47.18 |
| PB Ratio | 15.57 |
| EPS (TTM) | Rs 85.40 |
| Return on Equity | 27.87% |
| Debt to Equity | 0.00 |
| Dividend Yield | 1.39% |
| Book Value per Share | Rs 305.74 |
What Is the Cummins India Share Price Prediction for 2027?
The Cummins India share price prediction for 2027 is a conservative case of Rs 5,533, a base case of Rs 5,774 and a bull case of Rs 6,014. Against Rs 4,811.30, these imply 15.0% upside, 20.0% upside and 25.0% upside. They are model scenarios built from reported EPS growth, not broker targets.
| Scenario | EPS Growth Basis | EPS Estimate | PE Multiple | Implied Value | Upside vs Current Price |
|---|---|---|---|---|---|
| Conservative Case | Lower of FY26 growth (18.1%) and 4-year CAGR (26.1%) (capped at 15%) | Rs 98.21 (+15.0%) | Unchanged from today (price to EPS ratio kept constant) | Rs 5,533 | +15.0% |
| Base Case | Average of the two (capped at 20%) | Rs 102.48 (+20.0%) | Unchanged from today (price to EPS ratio kept constant) | Rs 5,774 | +20.0% |
| Bull Case | Higher of the two (capped at 25%) | Rs 106.75 (+25.0%) | Unchanged from today (price to EPS ratio kept constant) | Rs 6,014 | +25.0% |
Each target takes today’s price of Rs 4,811.30 and scales it by the EPS growth assumed for that case, which is the same as holding the PE multiple constant. The conservative case uses the lower of the FY26 EPS growth and the 4-year EPS CAGR, the base case uses their average and the bull case uses the higher figure. Together they form the Cummins India target price range for the FY27 outlook over the next 12 months, and the range is not a point estimate.
Cummins India Share Price Forecast: What Has to Go Right by 2027
Each Cummins India target price below depends on a specific EPS outcome, and the text states that outcome next to the number.
Conservative Case for the Cummins India Share Price Target: Rs 5,533
Reaching Rs 5,533 needs EPS to rise 15.0% to Rs 98.21 while the stock keeps its current PE multiple. That follows the slower 4-year EPS CAGR of 26.1%.
Base Case for the Cummins India Share Price Target: Rs 5,774
Reaching Rs 5,774 needs EPS to rise 20.0% to Rs 102.48, the average of the FY26 growth rate and the 4-year CAGR. Net profit growth of 0.9% in Q1 FY27 is below that pace, so earnings need to speed up to reach this level.
Bull Case for the Cummins India Share Price Target: Rs 6,014
Reaching Rs 6,014 needs EPS to rise 25.0% to Rs 106.75 with the PE multiple held at today’s level. That sits inside the 52-week range of Rs 3,883.10 to Rs 6,100.00. A daily close above the nearest resistance level of Rs 5,004.20 (200-day EMA) would be the first technical confirmation.
Cummins India Financial Performance: Revenue, Profit and Margins
Cummins India earned net profit of Rs 2,361.75 crore on revenue of Rs 12,660.53 crore in FY26, with profit up 18.1% and revenue up 16.8% compared with FY25. Diluted EPS was Rs 85.20 against Rs 72.15 a year earlier, and that earnings base anchors the Cummins India share price forecast.
| Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Operating Margin | Net Margin |
|---|---|---|---|---|---|
| FY22 | 6,414.11 | 933.74 | 33.68 | 19.43% | 14.56% |
| FY23 | 8,080.24 | 1,228.15 | 44.31 | 22.51% | 15.20% |
| FY24 | 9,378.27 | 1,720.58 | 62.07 | 26.57% | 18.35% |
| FY25 | 10,837.61 | 1,999.94 | 72.15 | 26.89% | 18.45% |
| FY26 | 12,660.53 | 2,361.75 | 85.20 | 27.15% | 18.65% |
In the latest reported quarter, Q1 FY27 (quarter ended June 2026), revenue was Rs 3,563.35 crore against Rs 3,040.70 crore a year earlier (+17.2%), and the bottom line was a net profit of Rs 609.30 crore against a net profit of Rs 603.90 crore (+0.9%). Operating margin was 24.99% versus 29.22% in the year-ago quarter. Cash flow from operations was Rs 1,734.26 crore in FY26 against Rs 1,682.59 crore in FY25. Together these figures set the earnings base for the Cummins India share price prediction.
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Is Cummins India Overvalued or Undervalued Right Now?
Cummins India trades at a PE of 55.73 against an industry PE of 47.18, which places the stock at a 18.1% premium to the industry average. The price-to-book ratio is 15.57 on a book value of Rs 305.74 per share. Return on equity of 27.87% means the company earns Rs 27.87 of profit for every Rs 100 of shareholder equity.
Debt to equity is 0.00, so borrowings equal about 0% of shareholder equity. The company declared a dividend of Rs 66.00 per share for FY26, a yield of 1.39% at the current price. This valuation context frames the Cummins India stock price prediction for 2027 without relying on any outside forecast.
Cummins India Stock Analysis: Technical Outlook
Cummins India stock trades below its 50-day SMA of Rs 5,134.92 and below its 200-day EMA of Rs 5,004.20, and the combined daily indicators read bearish. The 52-week high of Rs 6,100.00 was set on 29 May 2026, while the 52-week low of Rs 3,883.10 came on 27 January 2026.
| Indicator | Reading | Signal |
|---|---|---|
| RSI (14) | 33.94 | Weak momentum |
| MACD (12,26,9) | -93.92 vs signal -93.68 | Bearish |
| ADX (14) | 24.34 | Developing trend |
| Supertrend (10,3) | Price below Rs 5,082.13 | Bearish |
| 50-day SMA | Rs 5,134.92 | Price below |
| 200-day EMA | Rs 5,004.20 | Price below |
The nearest support level sits at Rs 3,883.10 (52-week low). The nearest resistance level sits at Rs 5,004.20 (200-day EMA) and Rs 5,082.13 (Supertrend). A sustained move above the nearest resistance would support the Cummins India share price prediction 2027 base case, and this Cummins India stock analysis uses daily candles only. Chart signals add context to the Cummins India share price target without changing the earnings maths.
Cummins India Shareholding Pattern
Promoters hold 51.00% of Cummins India as of Jun 2026, unchanged across the last 5 quarters. FII holding is 21.19% (up from 17.50% in Jun 2025) and DII holding is 19.16% (down from 22.64% in Jun 2025), which puts combined institutional holding at 40.35%. Public shareholders own 8.66%. Shareholding data is one input for any Cummins India stock forecast.
Key Risks to the Cummins India Share Price Target for 2027
Earnings and Margin Risk
Operating margin has ranged from 19.43% to 27.15% between FY22 and FY26, so a slip toward the lower end would trim the EPS estimate behind the Cummins India stock forecast. Revenue was up 16.8% in FY26, and slower revenue growth would weigh on the profit path.
Size and Liquidity Risk
Market capitalisation stands at Rs 1,31,931 crore. Investors should check daily traded volumes and order book depth on NSE before sizing a position, because price moves can be sharper when volumes thin out. Liquidity is a practical constraint on any Cummins India stock price target.
Balance Sheet Risk
Debt to equity of 0.00 means borrowings stand at about 0% of shareholder equity. A rise in borrowing costs or a jump in debt would weigh on profit and on the multiple behind the Cummins India share price forecast.
Technical Risk
The daily indicators read bearish, so the targets above may need a technical turn before the price follows earnings. A daily close below Rs 3,883.10 (52-week low) would weaken the setup further.
Conclusion
This Cummins India stock analysis puts the share price target range for 2027 at Rs 5,533 to Rs 6,014, with a base case of Rs 5,774 against Rs 4,811.30 today. The inputs are a PE of 55.73 that sits at a 18.1% premium to the industry average, EPS growth of 18.1% in FY26 and a daily technical setup that reads bearish. The next quarterly result will show which scenario is gaining ground. This analysis is educational, so consult a SEBI-registered advisor before acting on it.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Cummins India Share Price Prediction 2027
What is the Cummins India share price target for 2027?
Ans. The Cummins India share price forecast for 2027 has a conservative case of Rs 5,533, a base case of Rs 5,774 and a bull case of Rs 6,014. These are model scenarios based on reported EPS growth, and they are not guaranteed outcomes.
What is the Cummins India share price today?
Ans. Cummins India trades at Rs 4,811.30 on NSE as of 9 October 2026, up 1.48% on the day. The 52-week range is Rs 3,883.10 to Rs 6,100.00.
Is Cummins India a good stock to buy for 2027?
Ans. The data points in different directions: the PE of 55.73 is at a 18.1% premium to the industry average, EPS grew 18.1% in FY26 and the daily technical setup reads bearish. This article does not constitute investment advice, so consult a SEBI-registered advisor before deciding.
Can Cummins India stock reach Rs 6,014 in 2027?
Ans. Reaching Rs 6,014 needs EPS to rise 25.0% from Rs 85.40 with the PE multiple held at today’s level, plus a daily close above Rs 5,004.20 (200-day EMA). This is a scenario, not a guarantee.
What are the support and resistance levels for Cummins India?
Ans. The nearest support levels are Rs 3,883.10 (52-week low), and the nearest resistance levels are Rs 5,004.20 (200-day EMA) and Rs 5,082.13 (Supertrend).
What are the main risks for Cummins India stock in 2027?
Ans. The main risks to the Cummins India share price forecast are a fall in operating margin from the 19.43% to 27.15% range seen since FY22, slower revenue growth after FY26 revenue was up 16.8%, and thin trading volumes. Debt to equity of 0.00 adds balance sheet sensitivity.
How is the Cummins India target price for 2027 calculated?
Ans. Each target scales the current price by assumed EPS growth at a constant PE multiple. The conservative case uses 15.0% growth, the base case 20.0% and the bull case 25.0%, all drawn from the company’s reported FY26 and 4-year EPS growth.
