The company announced Q4 results after market hours on Friday, 10 May 2013.
Meanwhile, the S&P BSE Sensex was up 20.82 points or 0.1% at 20,103.44.
On BSE, 5,542 shares were traded in the counter as against average daily volume of 23,902 shares in the past one quarter.
The stock hit a high of Rs 530.10 and a low of Rs 525 so far during the day. The stock had hit a 52-week high of Rs 550 on 9 January 2013. The stock had hit a 52-week low of Rs 396.05 on 23 May 2012.
The stock had underperformed the market over the past one month till 10 May 2013, rising 6.56% compared with the Sensex's 9.06% rally. The scrip had also underperformed the market in past one quarter, gaining 2.85% as against Sensex's 3.07% rise.
The large-cap company has equity capital of Rs 55.44 crore. Face value per share is Rs 2.
Cummins India's net profit surged 29.2% to Rs 764.11 crore on 11.3% growth in net sales to Rs 4509 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
Cummins India said that notwithstanding adverse market conditions, the company reported respectable performance in FY 2013 on the back of strong customer relationships, technology leadership, service support and its people talent. The company said its margins improved year on year basis in FY 2013, primarily on account of better realization from exports, favourable product mix and cost control measures.
Anant J. Talaulicar, Chairman and Managing Director, Cummins India said, "While we have been negatively impacted by the prevailing economic conditions in India and around the world, we remain positive about the long-term profitable growth prospects of the company. The company continues to make investments for future growth, and has very recently inaugurated a midrange engine upfit center and a facility for manufacturing low horsepower generator sets for exports at our mega site at Phaltan. We remain confident of the company's competitiveness, long term growth prospects and ability to continue generating positive results".
Cummins India's board of directors at a meeting held on Friday, 10 May 2013, recommended final dividend of Rs 8 per share for FY 2013.
Cummins India, headquartered in Pune, is India's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets.
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