Compressors, Pumps & Diesel Engines industry
15 companies · ₹2.7 L cr · 9 with AI deep dives · Q1FY27 report
Data-centre orders and domestic volumes at records, but commodity inflation collapses margins to a 3-year low.
- Revenue YoY
- +17.3%
- EBITDA margin
- 15.0%
- -290bps YoY
- Price, 1 year
- -0.1%
- 46% of names up
- P/E vs own 5y
- +26.3%
- 44.0x now
Exhibit 1The quarter in numbers
constant panel of 11 companies above ₹500 cr- Jun 26
- 10,623 cr
- Mar 26
- 10,886 cr
- QoQ
- -2.4%
- Jun 25
- 9,057 cr
- YoY
- +17.3%
- Peak
- 10,886 cr
- vs peak
- -2.4%
- Jun 26
- 15.0%
- Mar 26
- 17.1%
- QoQ
- -210bps
- Jun 25
- 17.9%
- YoY
- -290bps
- Peak
- 18.2%
- vs peak
- -320bps
Breadth: 92% of 13 companies grew revenue year on year (was 85% a quarter earlier) and 23% expanded margin (was 39%).
Exhibit 2What it costs
36.93x - 57.56x across the panel todayThe median name trades at 44.0x, +26.3% against this industry's own 5-year median of 34.8x, and -13.7% against its own peak of 51.0x.
Exhibit 3Structure
₹2.7 L crCummins India Ltd is 52.9% of this industry by market cap. The top 5 are 83.4% and the top 10 are 97.8%.
Exhibit 4Screen
P/E below the sub-industry median of 44.03x, 5y ROCE above its median of 23.64%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (13 of 13)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹31,591 cr
- P/E
- 58.5x
- EV/EBITDA
- 25.4x
- ROCE
- 18.4%
- Margin
- 17.6%
- Rev YoY
- +13.4%
- Mcap
- ₹9,386 cr
- P/E
- 35.7x
- EV/EBITDA
- 25.3x
- ROCE
- 26.5%
- Margin
- 20.8%
- Rev YoY
- +7.6%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Steel, pig iron, aluminium, copper, and platinum all rose sharply in Q1FY27, with multiple managements attributing the spike to West Asia geopolitical disruption. CUMMINSIND…
- CUMMINSIND (Q1FY27): “Commodity has been impacting. Major commodities, steel, pig iron, aluminum, copper…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
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