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Compare Cummins India with GRINDWELL NORTON - Equitymaster
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CUMMINS INDIA vs GRINDWELL NORTON - Comparison Results

CUMMINS INDIA    Change

Cummins India Limited (CIL) is a subsidiary of Cummins Inc. US, the world's largest independent diesel engine designer and manufacturer of above 200 HP (horsepower engines. Set up in 1962, CIL is India's leading manufacturer of diesel engines with a ... More

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    CUMMINS INDIA GRINDWELL NORTON CUMMINS INDIA/
GRINDWELL NORTON
 
P/E (TTM) x 33.9 17.9 188.9% View Chart
P/BV x 7.8 3.2 242.2% View Chart
Dividend Yield % 1.6 1.6 94.6%  

Financials

 CUMMINS INDIA   GRINDWELL NORTON
EQUITY SHARE DATA
    CUMMINS INDIA
Mar-16
GRINDWELL NORTON
Mar-16
CUMMINS INDIA/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs1,247814 153.3%   
Low Rs805595 135.3%   
Sales per share (Unadj.) Rs170.4213.6 79.8%  
Earnings per share (Unadj.) Rs27.118.9 143.5%  
Cash flow per share (Unadj.) Rs30.026.5 113.5%  
Dividends per share (Unadj.) Rs14.006.50 215.4%  
Dividend yield (eoy) %1.40.9 147.9%  
Book value per share (Unadj.) Rs114.4121.7 94.0%  
Shares outstanding (eoy) m277.2055.36 500.7%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x6.03.3 182.6%   
Avg P/E ratio x37.837.3 101.5%  
P/CF ratio (eoy) x34.126.6 128.3%  
Price / Book Value ratio x9.05.8 154.9%  
Dividend payout %51.634.4 150.1%   
Avg Mkt Cap Rs m284,40738,998 729.3%   
No. of employees `0003.71.8 204.6%   
Total wages/salary Rs m4,2101,526 275.8%   
Avg. sales/employee Rs Th12,876.26,596.3 195.2%   
Avg. wages/employee Rs Th1,147.3851.1 134.8%   
Avg. net profit/employee Rs Th2,049.2583.4 351.2%   
INCOME DATA
Net Sales Rs m47,24311,827 399.4%  
Other income Rs m2,279208 1,094.0%   
Total revenues Rs m49,52212,035 411.5%   
Gross profit Rs m7,6041,820 417.7%  
Depreciation Rs m810419 193.2%   
Interest Rs m924 36.3%   
Profit before tax Rs m9,0641,586 571.7%   
Minority Interest Rs m0-12 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m1,546528 292.7%   
Profit after tax Rs m7,5191,046 718.7%  
Gross profit margin %16.115.4 104.6%  
Effective tax rate %17.133.3 51.2%   
Net profit margin %15.98.8 179.9%  
BALANCE SHEET DATA
Current assets Rs m22,8685,723 399.6%   
Current liabilities Rs m11,7732,729 431.3%   
Net working cap to sales %23.525.3 92.8%  
Current ratio x1.92.1 92.6%  
Inventory Days Days4676 61.2%  
Debtors Days Days7346 158.6%  
Net fixed assets Rs m18,0863,581 505.1%   
Share capital Rs m554277 200.3%   
"Free" reserves Rs m31,1596,461 482.3%   
Net worth Rs m31,7136,738 470.7%   
Long term debt Rs m028 0.0%   
Total assets Rs m45,7689,950 460.0%  
Interest coverage x1,055.067.9 1,553.7%   
Debt to equity ratio x00 0.0%  
Sales to assets ratio x1.01.2 86.8%   
Return on assets %16.410.8 153.0%  
Return on equity %23.715.5 152.7%  
Return on capital %28.623.6 121.1%  
Exports to sales %35.311.1 319.7%   
Imports to sales %10.228.4 36.1%   
Exports (fob) Rs m16,6941,307 1,277.1%   
Imports (cif) Rs m4,8423,356 144.3%   
Fx inflow Rs m17,1361,852 925.3%   
Fx outflow Rs m6,2853,555 176.8%   
Net fx Rs m10,851-1,703 -637.0%   
CASH FLOW
From Operations Rs m6,5561,358 482.6%  
From Investments Rs m-1,780-367 484.6%  
From Financial Activity Rs m-4,679-978 478.5%  
Net Cashflow Rs m9713 727.1%  

Share Holding

Indian Promoters % 0.0 7.7 -  
Foreign collaborators % 51.0 51.3 99.4%  
Indian inst/Mut Fund % 18.1 10.1 178.7%  
FIIs % 18.0 3.0 600.0%  
ADR/GDR % 0.0 0.0 -  
Free float % 12.9 27.9 46.2%  
Shareholders   41,179 12,133 339.4%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare CUMMINS INDIA With:   MAN IND.(I)  EMCO LTD  AIA ENGINEERING  HAVELLS IND  BHARAT BIJLEE  

Compare CUMMINS INDIA With:   SHANGHAI ELEC. (China)  DONGFANG ELEC. (China)  ANSALDO STS (Italy)  ABB (Switz.)  



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Aug 18, 2017 (Close)

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