Cummins India stock approaches November 4 results after margin squeeze

Published on 10/07/2026 at 06:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cummins India stock approaches November 4 results after Motilal Oswal cut its target to INR 6,500 from INR 6,600. Q1 FY27 revenue rose 18 percent, but adjusted profit fell 2 percent.

Cummins India, INE298A01020, Illustration mit AI erstellt.

Cummins India stock was trading at INR 4,915.20 on the NSE on October 7, 2026 at 10:03 a.m. IST, down 0.08 percent from the previous close. The next major checkpoint is November 4, when the board is scheduled to consider results for the September quarter and the first half of fiscal 2027, according to Economic Times.

November 4 sets the next test

The scheduled meeting gives investors a defined date for the next operating update. It follows a June-quarter performance in which revenue expanded faster than adjusted profit, leaving margin recovery as the central issue for the September-quarter report.

The companys current market value is INR 1.4 trillion, while the shares 52-week range is INR 2,706 to INR 6,100. The current price is therefore 19.4 percent below the 52-week high, a valuation context that makes execution on margins important for the next results release.

Revenue grows as margins narrow

Cummins India reported Q1 FY27 revenue of INR 34.3 billion, up 18 percent year over year and 7 percent above Motilal Oswals estimate, according to DSIJ. Domestic sales rose 22 percent to INR 28.5 billion, while exports were flat at INR 5.2 billion.

The same Q1 FY27 report put adjusted profit after tax at INR 5.4 billion, down 2 percent year over year and below the INR 6.2 billion estimate. EBITDA margin was 18.0 percent against a 21.3 percent forecast, while gross margin fell to 33.5 percent from the brokers 36.0 percent estimate.

Target cut keeps valuation in view

Motilal Oswal retained a Buy recommendation on August 6, 2026, but reduced its price target to INR 6,500 from INR 6,600, as reported by DSIJ. The revised target lies 32.3 percent above the INR 4,915.20 price, using the October 7, 2026 NSE quotation.

Data-center demand supported a 35 percent year-over-year increase in power-generation revenue to INR 14.2 billion in Q1 FY27. Data centers represented 40 percent of power-generation revenue, compared with 23 percent in Q1 FY26, but commodity inflation and delayed price pass-through constrained profitability.

Stock trades below its yearly high

Cummins India stock was last at INR 4,915.20 on the NSE on October 7, 2026 at 10:03 a.m. IST. The NSE session range in the finance quotation was INR 4,850 to INR 4,927, with volume of 97,726 shares.