Motilal Oswal backs Cummins India stock with INR 6,200 target

Published on 10/20/2026 at 04:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Motilal Oswal set an INR 6,200 target on October 19. Cummins India stock posted INR 34.26 billion revenue in Q1 FY2027, up 17.9 percent.

Leadership and timing

Motilal Oswal set an INR 6,200 target for Cummins India on October 19, 2026.
Q1 FY2027 revenue reached INR 34.26 billion, up 17.9 percent year over year.
The next results are scheduled for November 4, 2026.

Cummins India, INE298A01020, Illustration mit AI erstellt.

Cummins India (ISIN INE298A01020) received an INR 6,200 target from Motilal Oswal on October 19, 2026, as reported by The Economic Times. The brokerage included Cummins India among its Buy picks for the second-quarter earnings preview.

The leadership change adds a second current reference point. On October 8, 2026, StockFin reported that Adegbile Adedapo Adewunmi was appointed additional director and managing director for a three-year term beginning November 1, 2026, subject to shareholder approval of remuneration.

Quarterly growth meets margin pressure

Cummins India reported consolidated Q1 FY2027 revenue of INR 34.26 billion for the quarter ended June 30, 2026, up 17.9 percent from the prior-year quarter. Profit after tax was INR 6.09 billion, up 0.9 percent, while earnings per share reached INR 21.98, according to GreekSoup, which identified the figures as results filed with the NSE on August 5, 2026.

What does the target mean for margins?

The October 19 preview from The Economic Times projected 10 percent revenue growth for Cummins India in the second quarter of fiscal 2027 and an EBITDA margin of 19.0 percent. Raw material costs were identified as the central margin pressure, with price increases providing a potential offset.

Three events frame the next report

On September 28, 2026, Cummins India announced that its board would consider September-quarter and half-year results on November 4, according to StockFin. On October 8, the company named a managing director for a three-year term. On October 19, Motilal Oswal set the INR 6,200 target.

The next dates are November 1, 2026, when the managing director appointment becomes effective, and November 4, 2026, when the board is scheduled to consider quarterly and half-year results. Both dates are reported by StockFin.

Market value before the results

Cummins India had a market capitalization of INR 1.3 trillion as of October 16, 2026, according to StockFin. The combination of double-digit revenue growth and a forecast 19.0 percent margin puts the November results at the center of the stock's next valuation debate.