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The company has enough headroom to scale up operations without additional capex
Cummins India is strategically positioned to capitalise on the domestic market’s robust growth. The government’s emphasis on infrastructure spending and the surge in manufacturing activities provide a good ground for expansion
The company expects a double-digit growth in revenues and better margins, going forward
With a higher budgetary allocation for the infrastructure sector and recovery in the domestic industrial sector, demand from user industries is expected to be strong
Net Sales are expected to decrease by 5.9 percent Y-o-Y (down 10.2 percent Q-o-Q) to Rs 2,078.8 crore, according to Motilal Oswal.
While growth has been good and domestic demand is improving, the stock seems to be running ahead of earnings.
The company is capitalising on opportunities in the domestic market as the export market remains sluggish
Net Sales are expected to increase by 9.1 percent Y-o-Y (up 25.2 percent Q-o-Q) to Rs 2,379.1 crore, according to Prabhudas Lilladher.
Increasing competition, constant need for product changes and persistent issues in export markets lower the predictability of its business in the near term
Recovery in the end market and improving profitability are expected to support earnings of Cummins
Cummins India’s domestic market witnessed 26 percent growth Year-on-Year along with a 23 percent increase in exports.
Revival in private capex and strong orders in hand provide visibility to growth
Net Sales are expected to increase by 5.7 percent Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 1,826.5 crore, according to Yes Securities.
Net Sales are expected to increase by 9.7 percent Y-o-Y (up 12.3 percent Q-o-Q) to Rs. 1,894.5 crore, according to Prabhudas Lilladher.
Rich valuations and possible slow growth in earnings could keep the Cummins India stock under pressure
Earnings witness boost led by higher domestic demand
Net Sales are expected to increase by 24.6 percent Y-o-Y (down 7.5 percent Q-o-Q) to Rs 1,323.3 crore, according to YES Securities.
Net Sales are expected to increase by 23.8 percent Y-o-Y (down 8.5 percent Q-o-Q) to Rs. 1,303.8 crore, according to Motilal Oswal.
Net Sales are expected to decrease by 13.5 percent Y-o-Y (up 8.4 percent Q-o-Q) to Rs. 1,257.7 crore, according to Yash Securities.
Net Sales are expected to decrease by 13.5 percent Y-o-Y (up 8.4 percent Q-o-Q) to Rs. 1,257.7 crore, according to Yash Securities.
Financial year 2022 numbers are expected to be normal or better than those of 2020-21.
Net Sales are expected to increase by 6.3 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 1,411.8 crore, according to Kotak.
Net Sales are expected to increase by 14.4 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 1,410.6 crore, according to Prabhudas Lilladher.
The capital goods companies (excluding L&T) have announced orders worth Rs 14,500 crore for Q4FY19, down 55 percent YoY
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening