Sell Cummins India, target Rs 965.0 : Pritesh Mehta
Sell Cummins India Ltd. at a price target of Rs 965.0 and a stop loss at Rs 1040.0 from entry point
Cummins India Ltd., incorporated in the year 1962, is a largecap company (having a market cap of ₹ 28203.71 Cr.) operating in Engineering sector.
Cummins India Ltd. key Products/Revenue Segments include Engines (Internal Combustion) which contributed ₹ 2582.47 Cr to Sales Value (54.66 % of Total Sales), Generating Sets which contributed ₹ 911.37 Cr to Sales Value (19.29 % of Total Sales), Spare Parts & Accessories which contributed ₹ 797.27 Cr to Sales Value (16.87 % of Total Sales), Sale of services which contributed ₹ 231.54 Cr to Sales Value (4.90 % of Total Sales), Engines which contributed ₹ 80.40 Cr to Sales Value (1.70 % of Total Sales), Others which contributed ₹ 62.01 Cr to Sales Value (1.31 % of Total Sales), Export Incentives which contributed ₹ 52.84 Cr to Sales Value (1.11 % of Total Sales), Scrap which contributed ₹ 6.39 Cr to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2016.
For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 1324.13 Cr., up 5.93% from last quarter Sales of ₹ 1249.97 Cr. and up 19.62% from last year same quarter Sales of ₹ 1106.94 Cr. Company has reported net profit after tax of ₹ 198.09 Cr. in latest quarter. The company’s CEO is Mr.Anant J Talaulicar. It's Board of Directors include Mr.K Venkata Ramana, Mr.K Venkata Ramana, Mr.Rajiv Batra, Mr.Anant J Talaulicar, Mr.Antonio Leitao, Mr.J M Barrowman, Mr.Mark Andrew Smith, Mr.Nasser Munjee, Mr.Norbert Nusterer, Mr.P M Telang, Mr.P S Dasgupta, Mr.Pradeep Kumar Bhargava, Mr.Rajeev Bakshi, Mr.Venu Srinivasan, Ms.Nicole McDonald, Ms.Suzanne Wells. Company has its registered office at Kothrud, Pune, 411038, Maharashtra. Company has Price Waterhouse as its auditors. As on 31-03-2017, the company has a total of 277,200,000 shares outstanding.