Buy Cummins India; target of Rs 5334: Prabhudas Lilladher

GreyOak summary

Prabhudas Lilladher maintains a Buy rating on Cummins India with a target price of Rs 5,334. The broker revised EPS estimates downward by 15% for FY27 due to margin pressures from elevated costs and supply-chain disruptions. Despite a sharp contraction in EBITDA margins to 18%, the firm cites healthy demand in domestic markets and exports.