Latest news with #Cummins
Irish Examiner
2 days ago
- Sport
- Irish Examiner
Brendan Cummins praises Tipperary 'bravery' in All-Ireland U20 triumph
Brendan Cummins hailed Tipperary's bravery after choosing to play against a strong wind in the first half of their All-Ireland U20 final triumph. The Premier won the toss and backed themselves to go against the breeze, taking a 0-10 to 0-8 half-time lead. From there, they blasted three second-half goals to run out nine-point victors over Kilkenny at Nowlan Park. 'I was delighted to see them express themselves and show the bravery in the first half that we needed,' said Cummins. 'We knew if we were brave on the ball, especially the way the wind was, opportunity would come in the second half. Thankfully, that's the way it panned out. 'I always like playing against the breeze in the first half. It forces the team to play. You have to move the ball, and you have to be brave right from the start. Sam O'Farrell of Tipperary hoists the cup into the air. Picture: Ray McManus/Sportsfile 'We backed the lads that they'd be able to do that. Certainly, Halla (Aaron O'Halloran), Podge (O'Dwyer), and (Cathal O') Reilly, the boys at the back, moved the ball around lovely, and they didn't bring it into contact too much. 'The turnovers and the tackle count was always going to be the key. Hurling is just nearly a game of counter-attack. Teams are so good and so well set up that to take it off them and go the other direction is how you create opportunity. 'The lads got that and, in fairness to them all year, we've been able to do it. Thankfully, we got the rewards again today for it.' Having missed last year's All-Ireland final defeat against Offaly due to injury, Paddy McCormack made hay in the second half, scoring 2-1. 'He was a bit frustrated at half-time,' said Cummins. 'There was no need because he was going really well. 'It was hard. That breeze up there was really strong. At half-time, we just thought the opportunity would come for him and Oisín (O'Donoghue) inside. Paddy McCormack of Tipperary is tackled by Timmy Kelly, left, and Eoghan Lyng. Picture: Ray McManus/Sportsfile 'Thankfully, when they got it, there's nobody else in the world I'd want coming through like that only Paddy McCormack, and he just did the job. He was brilliant.' Player development remains Cummins' focus, but capturing silverware helps to breed confidence too. 'Winning is fine, but the main thing for me is to try to develop the players and get them ready. 'You could win an All-Ireland and you could end up then not having as many getting through to the senior set up. So the priority is to get them ready to play senior. 'If we win along the way like today, I think that fast-tracks the progress because of confidence, there is no doubt about that. 'So the most satisfying thing for me is the number of players that we're trying to get through to the senior panel to Liam Cahill in the next couple of years. That's the mission.' Read More Second half blitz carries Clifford and Kerry to impressive victory over Cork
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Business Standard
3 days ago
- Business
- Business Standard
Cummins India's growth engines should continue to deliver in FY26
Cummins India 's results for fourth quarter of the financial year 2024-25 (Q4FY25) showed low revenue growth, but strong margins compensated. The company reported 6 per cent year-on-year (Y-o-Y) revenue growth, while Ebitda and PAT declined by 5 per cent and 7 per cent Y-o-Y, prior to adjustment for one-offs, due to a high base effect. Cummins, the country's leading manufacturer of diesel and natural gas engines, will benefit from better volumes for CPCB 4+ products in FY26 as powergen demand recovers further, there is improved growth in railways, and increased penetration of products and improving growth outlook in export markets. Revenue increased 6 per cent Y-o-Y to ₹2,460 crore, but domestic revenue at ₹1,940 crore grew 1 per cent Y-o-Y, while exports at ₹480 crore grew strongly by 39 per cent Y-o-Y. The gross margin at 37.2 per cent saw a 120 basis point (bp) Y-o-Y and 240 bp quarter-on-quarter (Q-o-Q) expansion, while Ebitda margin for Q4FY25 stood at an excellent 21.2 per cent. The absolute Ebitda dipped 5 per cent Y-o-Y to ₹520 crore, and PAT declined 7 per cent Y-o-Y to ₹520 crore. For FY25, the revenue grew 15 per cent Y-o-Y to ₹10,340 crore and Ebitda grew 17 per cent Y-o-Y to ₹2,070 crore, and PAT grew 15 per cent Y-o-Y to ₹1,910 crore, while Ebitda margin expanded 30bp Y-o-Y to 20 per cent. The company's operating cash flow (OCF) and free cash flow (FCF) increased 32 per cent and 46 per cent Y-o-Y respectively to ₹1,690 crore and ₹1,460 crore due to lower net working capital. As of 31st Mar'25, Cummins India was debt-free. The company has three key businesses namely, engines, power systems and distribution. Powergen segment revenue declined by 7 per cent Y-o-Y in Q4FY25, affected by a high base of last year. The Q4FY25 volumes were around 80-85 per cent of Q4FY24 level. For FY25, powergen revenue grew by 14 per cent Y-o-Y, implying some of the volume decline due to CPCB 4+ transition was offset by pricing improvements. Given competitive intensity stabilising and demand recovering from key areas like residential, commercial, and infrastructure, volume growth may recover in FY26. Beyond CPCB 4+, KKC sees strong demand from data centres with a likely compounded annual growth rate (CAGR) of 16.5 per cent in powergen revenues during FY25-27. Management confirmed that demand remains robust across residential, commercial, infrastructure, and quick-commerce warehouses and data centres. Industrial segment delivered a healthy Q4FY25, posting ₹3,800 crore in revenue (up 9 per cent Y-o-Y), and ₹1,700 crore in FY25 (up 28 per cent YoY), reflecting broad-based demand. Momentum is building around specialised applications such as hotel load converters and accident relief trains. The compressor business is steady but anticipated to enter a cyclical downturn. Given a wide product portfolio, high teens growth can be expected across the industrial portfolio. The distribution segment revenue grew by 5 per cent Y-o-Y in Q4FY25 and by 14 per cent Y-o-Y in FY25. The segment benefited from long-term contracts, value-added services, and aftermarket support. Export revenue surged 39 per cent Y-o-Y in Q4FY25. Latin America and Europe continued to perform exceptionally. Management is cautiously optimistic about exports for FY26. Management attributed modest growth in distribution to order timing and project execution schedules. Key drivers included extended warranties, rebuild engine orders (especially in industrials), and retrofit solutions like dual-fuel kits. The company remains confident about future growth in this segment, supported by higher penetration and value-added offerings. Overall, Cummins India has guided for double-digit revenue growth in FY26. This will be driven largely by domestic demand across powergen, industrial, and distribution segments. Cummins is a market leader in diesel gensets. Domestic demand is expected to stay robust while exports seem to be seeing gradual recovery given the current geopolitical scenario, and uncertainty. The company has been able to hold onto pricing post CPCB 4+ and increased competitive intensity. Most analysts seem positive on the stock, which has risen nearly 10 per cent over two sessions post Q4, and the guidance is seen as conservative and credible.
Yahoo
4 days ago
- Business
- Yahoo
1 Large-Cap Stock with Competitive Advantages and 2 to Question
Large-cap stocks usually command their industries because they have the scale to drive market trends. The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task. These trade-offs can cause headaches for even the most seasoned professionals, which is why we started StockStory - to help you find high-quality companies that can grow their earnings no matter what. That said, here is one large-cap stock with attractive long-term potential and two that could be stalling. Market Cap: $64.05 billion Founded by industry veterans Aneel Bushri and Dave Duffield after their former company PeopleSoft was acquired by Oracle in a hostile takeover, Workday (NASDAQ:WDAY) provides cloud-based software for organizations to manage and plan finance and human resources. Why Is WDAY Not Exciting? 17.2% annual revenue growth over the last three years was slower than its software peers Workday is trading at $241.47 per share, or 6.6x forward price-to-sales. Read our free research report to see why you should think twice about including WDAY in your portfolio, it's free. Market Cap: $44.5 billion With more than half of the heavy-duty truck market using its engines at one point, Cummins (NYSE:CMI) offers engines and power systems. Why Are We Cautious About CMI? Sizable revenue base leads to growth challenges as its 6% annual revenue increases over the last two years fell short of other industrials companies Free cash flow margin dropped by 10.2 percentage points over the last five years, implying the company became more capital intensive as competition picked up Shrinking returns on capital suggest that increasing competition is eating into the company's profitability Cummins's stock price of $330.24 implies a valuation ratio of 11.1x forward EV-to-EBITDA. If you're considering CMI for your portfolio, see our FREE research report to learn more. Market Cap: $100.2 billion Best known for its Marlboro brand of cigarettes, Altria (NYSE:MO) offers tobacco and nicotine products. Why Does MO Stand Out? Products command premium prices and lead to a best-in-class gross margin of 70.2% Excellent operating margin of 53.6% highlights the efficiency of its business model Robust free cash flow margin of 42.9% gives it many options for capital deployment At $59.39 per share, Altria trades at 11.2x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
6 days ago
- Automotive
- CNBC
Buy this power generation stock for more than 35% upside, Goldman Sachs says
Cummins could see strong demand for its power generation products beyond a growing appetite for data centers, according to Goldman Sachs. Goldman upgraded the engine, power generation and electric vehicle component manufacturer to buy from neutral on Tuesday. The bank also raised its price target to $431 per share from $410, which implies 36% upside from Friday's close. "We see (i) structurally higher Power Systems profitability (pricing structure beyond data center), (ii) derisked EPA 2027 expectations, and (iii) US truck demand expectations that have been significantly reduced while used sleeper inventory levels that are now down 30% yoy," analyst Jerry Revich said. CMI YTD mountain Cummins Inc. stock in 2025. "Cummins has expanded its Power Systems margins over the course of this cycle from a range of 5-10% historically to a 15-20% run-rate and within the context of CAT's ~20% margin for Energy & Transportation. The margin expansion has been driven by a transition to value-based pricing, with capacity and product line expansion for large generators (including data centers) contributing," Revich said. The analyst's bullish call is in concert with a more optimistic view of the machinery sector, which he said is at an inflection point. "Machinery supply is inflecting positively for the first time in three years, new equipment destock is more than halfway complete, margin expectations have been reset embedding tariff headwinds, and valuations appear reasonable on mid-cycle earnings," Revich said. Shares have slipped 9% in 2025 but have gained more than 7% in May. The stock climbed more than 2% following the upgrade. Despite the upgrade, most analysts are cautious on the stock. LSEG data shows 15 of 24 of those covering Cummins rate it a hold, while another eight have a buy or strong buy rating. The average price target implies upside of 11%.
India Today
26-05-2025
- Sport
- India Today
SRH should play in final, cannot play worse than they did in IPL 2025: Pat Cummins
The kind of squad that SunRisers Hyderabad have, they should be making the finals of the Indian Premier League, said captain Pat Cummins after their last match in the tournament. SRH obliterated Kolkata Knight Riders on Sunday, May 25, smashing 278 runs against the Ajinkya Rahane about the team's fortunes this season, Cummins said that they could not have played worse than they did in the middle phases of the tournament and that they would carry the learnings into the next 2025: SRH vs KKR Highlights | Full Scorecard SRH won 6 games, lost 7, and saw one of their matches get washed out by rain in the IPL 2025. The team amassed 13 points from 14 matches and are placed 6th in the league table. In case Lucknow Super Giants win their final match of the season, the team will finish in the 7th spot. SRH players shake hands with KKR. (PTI Photo) On Sunday, May 25, SRH were able to let go of the baggage of the tournament and clinched a massive 110-run win against KKR. Cummins joked that it was quite scary to watch the likes of Heinrich Klaasen, Travis Head, and Abhishek Sharma bat in full flow in the final few finish. The last few games of the season, lots of things clicked and it was scary to watch that kind of batting. With the calibre of the players we have, we can't play any worse than what we did earlier. With the players we have, we should be making the finals; this year we didn't," Cummins SRH captain rued the fact that they did not apply themselves enough on the tricky wickets of the IPL this season, which did not resemble the roads (flat decks) that were built in 2024."We get wickets like here (New Delhi), we've got to max out and get 250-260, and other ones where we need to graft and get to 170, which we didn't. Quite a few people got opportunities, we looked at each one of them when selecting a team, but couldn't fit them in. Really happy with the squad we have got, few players went with injuries back home, we used 20 players," Cummins Watch IN THIS STORY#IPL 2025
