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Cummins India: Moderation in growth, higher valuation can pose near-term risk

Rich valuations and possible slow growth in earnings could keep the Cummins India stock under pressure

May 30, 2022 / 10:46 AM IST
Cummins India: Moderation in growth, higher valuation can pose near-term risk

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Cummins India was a big beneficiary of a broad-based recovery in both domestic and international markets during the last fiscal, leading to a strong growth in revenue and profitability. However, the company has now turned cautious on account of geopolitical risks and higher commodity prices impacting the business. This will likely impact its international operation, or the export business, which accounts for about 30 percent of its revenue. On the back of these developments, the company skipped its annual earnings...

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