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Cummins: Capex recovery a distant dream

January 31, 2020 / 10:21 AM IST
Cummins: Capex recovery a distant dream

Highlights - Domestic business witnesses slow growth - Exports continue to be a drag on performance - Delay in capex cycle recovery - Facing pressure on margins and earnings - Valuations still on the higher side After L&T, now Cummins India is talking openly about the effects of the economic slowdown and business constraints such as funding, delay in awarding of projects and other issues. Moreover, Cummins India does not see this improving in the near future. That caution is reflected in its subdued revenue growth guidance of about 3...

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