Buy Cummins India, price target Rs 555: Kunal Bothra

Kunal Bothra of Independent Analyst has a buy call on Cummins India Ltd. with a target price of Rs 555.0 . The current price of Cummins India Ltd. is Rs 537.95 . Kunal Bothra recommended to keep a stoploss at Rs 534 .

Cummins India Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 15024.24 Crore) operating in Engineering sector.

Cummins India Ltd. key Products/Revenue Segments include Engines which contributed Rs 5245.37 Crore to Sales Value (92.69 % of Total Sales), Sale of services which contributed Rs 280.34 Crore to Sales Value (4.95 % of Total Sales), Other Operating Revenue which contributed Rs 65.68 Crore to Sales Value (1.16 % of Total Sales), Export Incentives which contributed Rs 60.24 Crore to Sales Value (1.06 % of Total Sales) and Scrap which contributed Rs 7.37 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1297.30 Crore, down -2.10 % from last quarter Sales of Rs 1325.11 Crore and down -11.24 % from last year same quarter Sales of Rs 1461.65 Crore Company has reported net profit after tax of Rs 149.98 Crore in latest quarter.

The company’s top management includes Mr.Antonio Leitao, Mr.Donald G Jackson, Mr.J M Barrowman, Mr.Mark Levett, Mr.Nasser Munjee, Mr.Norbert Nusterer, Mr.P S Dasgupta, Mr.Prakash Telang, Mr.Rajeev Bakshi, Mr.Venu Srinivasan, Mrs.Anjuly Chib Duggal, Ms.Lorraine Meyer. Company has S R B C & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 277,200,000 shares outstanding.