Cummins India Ltd


BSE: 500480 | NSE: CUMMINSIND | ISIN: INE298A01020 
Market Cap: [Rs.Cr.] 11,392 | Face Value: [Rs.] 2
Industry: Engines

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Board Meet

15-May-12 
Cummins India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 15, 2012, interalia, for: 1. Approving the audited financial results for the year ended March 31, 2012; and 2. Considering recommendation of Final Dividend for the year ended March 31, 2012. Cummins India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 15, 2012, inter alia, have recommended final dividend of Rs. 6/- per share on equity shares of Rs. 2/- each fully paid up for the year ended March 31, 2012, in addition to the interim dividend of Rs. 5/- per share declared on February 09, 2012. The dividend warrants for the said final dividend (subject to approval of shareholders at the ensuing Annual General Meeting) will be dispatched by August 27, 2012 and the final dividend will be paid on August 30, 2012. (As Per BSE Announcement Website Dated on 15/05/2012) 
09-Feb-12 
Cummins India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 09, 2012, inter alia, for : 1. Approving Unaudited financial results for the quarter and nine months ended December 31, 2011 (Q3); and 2. Considering declaration of interim Dividend for the financial year 2011-12. Cummins India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 09, 2012, inter alia, have declared an interim dividend of Rs. 5/- per equity share on 277,200,000 equity shares of Rs. 2/- each for the financial year 2011-12. The dividend warrants for the said interim dividend will be dispatched by March 05, 2012 and the dividend will be paid on March 07, 2012. (As Per BSE Announcement Website dated on 09.02.2012) 
10-Nov-11 
Cummins India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 10, 2011, inter alia, to approving unaudited financial results for the quarter and half year ended September 30, 2011 (Q2). Cummins India Ltd has informed BSE that Mr. Dinesh Castellino, Vice President Legal & Company Secretary has relocated to Cummins Inc., USA as the Sr. Counsel (Components Group). Consequently, Mr. Castellino ceases to be Company Secretary and Compliance Officer of the Company effective November 11, 2011. In view of the said move, the Board of Directors of the Company at their meeting held on November 10, 2011, have appointed Mr. Amit Atre as the Company Secretary of the Company as per the Companies Act, 1956 and Compliance Officer effective November 11, 2011. (As Per BSE Announcement Website Dated on 10/11/2011) 
04-Aug-11 
Cummins India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 04, 2011, for approving unaudited financial results for the quarter ended June 30, 2011 (Q1). Cummins India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2011, inter alia, have recommended issue of Bonus Shares in the proportion of 2 (two) Bonus equity shares of Rs. 2/- each for every 5 (five) existing equity shares of Rs. 2/- each fully paid up by capitalization of reserves of the Company. This item was discussed as an additional item with the permission of the Chair by the Board at its meeting held on August 04, 2011, in view of the 50th Annual General Meeting of the Company. (As Per BSE Annoncement Website Dated on 04/08/2011) 
30-May-11 
Cummins India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 30, 2011, inter alia, for:- 1. Approving the audited financial results for the quarter and year ended March 31, 2011; and 2. Considering recommendation of Final Dividend for the year ended March 31, 2011. Cummins India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2011, inter alia, have recommended final dividend of Rs. 8/- (Eight) per share on equity shares of Rs. 2/- each fully paid up for the year ended March 31, 2011, in addition to the interim dividend of Rs. 7/- per share declared on February 03, 2011. The dividend warrants for the said final dividend (subject to approval of shareholders) will be dispatched by August 26, 2011 and the final dividend will be paid on August 29, 2011. (As Per BSE Announcement Dated on 30.05.2011) 

AGM

02-Aug-12
Cummins India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 28, 2012 to August 02, 2012 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on August 02, 2012.  
04-Aug-11
Cummins India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 30, 2011 to August 04, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on August 04, 2011. Cummins India Ltd has informed BSE that the members at the 50th Annual General Meeting (AGM) of the Company held on August 04, 2011, inter alia, have transacted the following business: 1. Adopted the Directors' Report and Audited Profit and Loss Account for the year ended March 31, 2011 and the Balance Sheet as at that date and the Report of the Auditors thereon. 2. Approved final dividend of Rs. 8/- per share (400%) and ratified the interim dividend of Rs. 7 per share (350%) for the year ended March 31, 2011, taking the total dividend for the year to Rs. 15/- per share (750%). 3. Re-appointed Mr. Mark A. Levett (who retired by rotation) as a Director of the Company. 4. Re-appointed Mr. Venu Srinivasan (who retired by rotation) as a Director of the Company. 5. Re-appointed Mr. Rajeev Bakshi (who retired by rotation) as a Director of the Company. 6. Appointed M/s. Price Waterhouse as Auditors of the Company to hold office from the conclusion of the 50th Annual General Meeting to the conclusion of the 51st Annual General Meeting. (As Per BSE Announcement Website dated on 05.08.2011) 
12-Aug-10
Cummins India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 07, 2010 to August 12, 2010 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on August 12, 2010. Cummins India Ltd has informed BSE that in terms of the Special Notice received by the Company and pursuant to Section 223 read with Section 190 of the Companies Act, 1936 (the Act), it is proposed to appoint M/s. Price Waterhouse, Chartered Accountants (Firm Registration No. 301112E) as the Auditors of the Company in place of M/s Price Waterhouse, Chartered Accountants (Firm Registration No. 007568S), the retiring Auditors, who have expressed their unwillingness to be re-appointed. The appointment of the above Auditors will be considered at the ensuing Annual General Meeting of the Company scheduled on August 12, 2010. An intimation regarding the same has been sent to all shareholders of the Company as per Section 190(2) of the Act. The Company has submitted to BSE a copy of the said intimation sent to the shareholders of the Company. (As Per BSE Announcement Website dated on 28.07.2010) Cummins India Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on August 12, 2010. (As Per BSE Announcement Website dated on 13.08.2010) 
29-Jul-09
Cummins India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 25, 2009 to July 29, 2009 (both days inclusive) for the purpose of Annual General Meeting (AGM) to be held on July 29, 2009. Cummins India Ltd has informed BSE that the members at the 48th Annual General Meeting (AGM) of the Company held on July 29, 2009, inter alia, have accorded to the following: 1. Adopted the Directors' Report and Audited Profit and Loss Account and Balance Sheet as well as Auditor's Report for the year ended March 31, 2009. 2. Approved final dividend of Rs 2.60/- per share (130%) on the Equity of Rs 2/- each fully paid up, for the financial year ended March 31, 2009 and ratified the interim dividend of Rs 4/- per share (200%) declared on January 27, 2009 and the Special Dividend of Rs 2.40/- per share (120%) declared on December 05, 2008. 3. Re-appointed Mr. Rajeev Bakshi, Mr. P S Dasgupta & Mr. S M Chapman (who, retired by rotation) as Directors of the Company. 4. Appointed M/s. Price Waterhouse as Auditors of the Company to hold office the conclusion of the 48th Annual General Meeting to the conclusion of 49th Annual General Meeting. (As Per BSE Announcement Website dated on 29.07.2009) 
24-Jul-08
Cummins India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 22, 2008, inter alia, Annual General Meeting (AGM) of the Company to be held on July 24, 2008. Cummins India Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on July 24, 2008, inter alia, have transacted the following: 1. Adopted the Director's Report and Audited Profit and Loss Account for the year ended March 31, 2008 and the Balance sheet as at that date. 2. Approved final dividend of 130% (Rs 2.6/- per share) and ratified interim dividend of 100% (Rs 2/- per share) for the year ended March 31, 2008, taking the total dividend for the year to 230% (Rs 4.6/- per share). 3. Re-appointed Mr. Mark Levett, Mr. Venu Srinivasan & Mr. Glyn Price (who retired by rotation) as Directors of the Company. 4. Appointed M/s. Price Waterhouse as Auditors of the Company to hold office from the conclusion of the 47th Annual General Meeting to the conclusion of 48th Annual General Meeting, 5. Re-appointed Mr. Anant J Talaulicar as Managing Director of the Company for a period of five years from April 25, 2008 to April 24, 2013 on the terms as set cut in the Notice convening the Meeting. (As per BSE Announcement Website dated on 25/07/2008) 

EGM

09-Sep-11
Cummins India Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on September 09, 2011 at Hotel Le Meridien, Majestic II, 1st Floor, Raja Bahadur Mill Road, Pune 411001, at 10.30 a.m., inter alia, to transact the following Special Business; 1. The Authorised Share Capital of the Company be increased from Rs. 400,000,000 (Rupees Four Hundred Million) divided into 200,000,000 (Two Hundred Million) Equity Shares of Rs. 2/- each to As. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each by creation of additional 200,000.000 (Two Hundred Million) Equity Shares of Rs. 2/- each. 2. The Companys Memorandum of Association (MOA) be amended by deleting the words 'The Share Capital of the Company will be As. 400,000,000 (Rupees Four Hundred Million) divided into 200,000,000 Equity Shares of As. 2 each' and substituting the words 'The Share Capital of the Company will be Rs. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each' in its place. 3. The Share Capital of the Company consists of Rs. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each. 4. Granted to the Board of Directors of the Company, capitalize a sum of Rs. 158,400,000 (Rupees Fifteen Crores Eighty Four Lacs Only) standing to the credit of General Reserve Account of the Company and transfer the same to the Share Capital of the Company for the issue of fully paid Bonus Shares of the face value of Rs. 2/- each, out of the Authorised Share Capital of the Company and that the same be distributed amongst the existing Members of the Company, whose names shall appear on the Company?s Register of Members and records of the Depositories on such date (Record Date) as may be determined by the Board of Directors (Board) or the Official (s) authorised by the Board, in proportion of 2 such Bonus Equity Shares for 5 existing issued, subscribed and paid-up Equity Shares of the Company on the following terms and conditions. Cummins India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 09, 2011, inter alia, have accorded to the following: 1. Approved increase in the Authorised Share Capital of the Company from Rs. 400,000,000 (Rupees Four Hundred Million) divided into 200,000,000 Equity Shares of Rs. 2/- each to Rs 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 Equity Shares of Rs. 2/- each. 2 Approved the consequent amendment to clause 5 of the Memorandum of Association of the Company to give effect to the above resolution. The amended clause stands as under: 'The Share Capital of the Company will be Rs. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each' 3. Approved the consequent amendment to clause 3 of the Articles of Association of the Company, titled 'CAPITAL AND INCREASE AND REDUCTION IN CAPITAL'. The amended clause stands as under: '3. The Share Capital of the Company consists of Rs. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each' 4. Approved issue of fully paid Bonus Equity Shares in ratio of 2:5 i.e. 2 Bonus Equity Shares for every 5 existing Equity Shares of the Company, by capitalization of reserves to the extent of Rs. 158,400,000 (Rupees Fifteen Crores Eighty Four Lacs Only). (As Per BSE Annoncement Website Dated on 09/09/2011) 
19-Dec-08
Cummins India Ltd has informed BSE that a Petition under Sections 391 and 394 of the Companies Act, 1956 for sanction of the Scheme of Amalgamation between Cummins Sales and Service India Ltd and Cummins Auto Services Ltd, (Transferor Companies), with Cummins India Ltd, (Transferee Company), was presented by Cummins India Ltd, the Petitioner Company on August 28, 2008 and admitted by this Hon'ble Court on the November 14, 2008 and the said Petition is fixed for hearing before the Hon'ble Judge taking Company matters on December 19, 2008 at 11 O'clock in the forenoon or soon thereafter. 
24-Jul-08
Cummins India Ltd has informed BSE that pursuant to the order dated on June 20, 2008, the Court, has directed a Meeting of the equity shareholders of the Company will be held on July 24, 2008, for the purpose of considering, and if thought fit, approving with or without modification(s), the arrangement proposed in the Scheme of Amalgamation of Cummins Sales and Service India Ltd and Cummins Auto Services Ltd, the Transferor Companies with Cummins India Ltd, the Applicant Company. Cummins India Ltd has informed BSE that the Shareholders of the Company at their General Meeting (court convened) held on July 24, 2008, have approved the Scheme of Amalgamation of Cummins Sales and Service India Ltd (CSS) and Cummins Auto Services Ltd (CASL) with the Company in accordance with Section 391 (2) of the Companies Act, 1956. (As per BSE Announcement Website dated on 25/07/2008) 
13-Sep-02
EGM 13/09/2002 - Scheme of Amalgamation of Cummins Power Solutions Ltd. and Power Systems India Ltd. with the company, as per the directions of High Court at Bombay.  
26-Mar-02
Cummins India Ltd. has informed the Exchange that an EGM is proposed to be held on March 26, 2002.  

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Cummins India 11,391.53 20.55 5.58 16.02 35.1 47.4 0.01
Kirloskar Oil 2,221.16 13.95 2.15 7.07 22.1 25.7 0.33
Greaves Cotton 1,702.07 11.10 2.62 10.72 35.4 52.5 0.01
Wartsila India 735.63 17.03 2.40 0.00 15.4 20.3 0.01
Swaraj Engines 497.79 9.42 2.67 6.63 31.9 46.8 0.00
Hind.Powerplus 334.96 57.60 2.77 20.20 4.9 7.7 0.00
Mintage Electro 1.10 0.00 0.23 6.23 2.5 5.9 0.25

Futures & Options Quote

 
Expiry Date
421.40 9.00  (2.2%)
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 413.50
Average Price: 418.66
No. of Contracts Traded: 37,000
Open Interest: 171,500
Underlying: CUMMINSIND
Market Lot: 500
Previous Close: 412.40
Day’s High | Low: 423.00 | 413.00
Turnover (Cr.): 1.55
Open Int. Change: 8,000.00 (4.9% )
View detailed F& O quotes >>

Key Information

Key Executives:

Anant J Talaulicar , Chairman & Managing Director 

Mark A Levett , Director 

John Wall , Director 

Patrick Ward , Director 


Company Head Office / Quarters:
Kothrud,
,
Pune,
Maharashtra-411038
Phone : 91-20-25385435/25380240/25381105
Fax : 91-20-25380125
E-mail : pradip.s.phansalkar@cummins.com
Web : http://www.cumminsindia.com
Registrars:
Link Intime India Pvt Ltd
C-13 Pannalal Silk
Mills Cmpd LBS Marg
Bhandup West
Mumbai - 400 078

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