CUMMINSIND.NS vs. POLYCAB.NS
CUMMINSIND.NS (Cummins India Limited) and POLYCAB.NS (Polycab India Limited) are both stocks. Both are in the Industrials sector — CUMMINSIND.NS in Specialty Industrial Machinery, POLYCAB.NS in Electrical Equipment & Parts. Over the past 5 years, CUMMINSIND.NS returned 47.54%/yr vs 35.62%/yr for POLYCAB.NS. At a 0.29 correlation, their price movements are largely independent.
Performance
CUMMINSIND.NS vs. POLYCAB.NS - Performance Comparison
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Returns By Period
In the year-to-date period, CUMMINSIND.NS achieves a 25.76% return, which is significantly higher than POLYCAB.NS's 17.17% return.
CUMMINSIND.NS
- 1D
- 1.06%
- 1M
- -5.34%
- 6M
- 38.34%
- YTD
- 25.76%
- 1Y
- 57.72%
- 3Y*
- 45.27%
- 5Y*
- 47.54%
- 10Y*
- 22.30%
- ALL TIME*
- 25.34%
POLYCAB.NS
- 1D
- 0.26%
- 1M
- -11.88%
- 6M
- 20.34%
- YTD
- 17.17%
- 1Y
- 28.89%
- 3Y*
- 25.28%
- 5Y*
- 35.62%
- 10Y*
- —
- ALL TIME*
- 44.77%
CUMMINSIND.NS vs. POLYCAB.NS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CUMMINSIND.NS Cummins India Limited | 25.76% | 37.60% | 68.74% | 44.32% | 49.06% | 66.85% | 7.28% | -25.59% |
POLYCAB.NS Polycab India Limited | 17.17% | 5.35% | 33.20% | 114.71% | 4.87% | 139.11% | 5.23% | 57.56% |
Correlation
The correlation between CUMMINSIND.NS and POLYCAB.NS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019 | 0.29 |
The correlation between CUMMINSIND.NS and POLYCAB.NS shifts across timeframes, from 0.29 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CUMMINSIND.NS vs. POLYCAB.NS — Risk / Return Rank
CUMMINSIND.NS
POLYCAB.NS
CUMMINSIND.NS vs. POLYCAB.NS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins India Limited (CUMMINSIND.NS) and Polycab India Limited (POLYCAB.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CUMMINSIND.NS | POLYCAB.NS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 1.41 | +2.68 |
| Martin ratioReturn relative to average drawdown | 11.65 | 4.50 | +7.15 |
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Drawdowns
CUMMINSIND.NS vs. POLYCAB.NS - Drawdown Comparison
The maximum CUMMINSIND.NS drawdown since its inception was -73.69%, which is greater than POLYCAB.NS's maximum drawdown of -49.83%. Use the drawdown chart below to compare losses from any high point for CUMMINSIND.NS and POLYCAB.NS.
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Drawdown Indicators
| CUMMINSIND.NS | POLYCAB.NS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.69% | -49.83% | -23.86% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -21.08% | +6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -34.33% | -37.95% | +3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -34.33% | -37.95% | +3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -71.20% | — | — |
Current DrawdownCurrent decline from peak | -7.89% | -11.88% | +3.99% |
Average DrawdownAverage peak-to-trough decline | -18.03% | -9.65% | -8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 6.53% | -1.47% |
Volatility
CUMMINSIND.NS vs. POLYCAB.NS - Volatility Comparison
The current volatility for Cummins India Limited (CUMMINSIND.NS) is 6.96%, while Polycab India Limited (POLYCAB.NS) has a volatility of 8.31%. This indicates that CUMMINSIND.NS experiences smaller price fluctuations and is considered to be less risky than POLYCAB.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUMMINSIND.NS | POLYCAB.NS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 8.31% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 23.17% | 25.26% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 29.77% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.45% | 33.71% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 35.64% | -4.47% |
Dividends
CUMMINSIND.NS vs. POLYCAB.NS - Dividend Comparison
CUMMINSIND.NS's dividend yield for the trailing twelve months is around 1.20%, more than POLYCAB.NS's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUMMINSIND.NS Cummins India Limited | 1.20% | 1.16% | 1.16% | 1.27% | 1.34% | 1.59% | 2.44% | 3.09% | 1.77% | 1.55% | 1.71% | 0.87% |
POLYCAB.NS Polycab India Limited | 0.53% | 0.46% | 0.41% | 0.36% | 0.54% | 0.41% | 0.68% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CUMMINSIND.NS vs. POLYCAB.NS - Financials Comparison
This section allows you to compare key financial metrics between Cummins India Limited and Polycab India Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CUMMINSIND.NS and POLYCAB.NS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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