KEI.NS vs. CUMMINSIND.NS

Last updated Jun 5, 2026

KEI.NS (KEI Industries Limited) and CUMMINSIND.NS (Cummins India Limited) are both stocks. Both are in the Industrials sector — KEI.NS in Electrical Equipment & Parts, CUMMINSIND.NS in Specialty Industrial Machinery. Over the past 10 years, KEI.NS returned 48.54%/yr vs 24.10%/yr for CUMMINSIND.NS. At a 0.21 correlation, their price movements are largely independent.

Performance

KEI.NS vs. CUMMINSIND.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in KEI Industries Limited (KEI.NS) and Cummins India Limited (CUMMINSIND.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KEI.NS achieves a 18.88% return, which is significantly lower than CUMMINSIND.NS's 31.11% return. Over the past 10 years, KEI.NS has outperformed CUMMINSIND.NS with an annualized return of 48.54%, while CUMMINSIND.NS has yielded a comparatively lower 24.10% annualized return.

KEI.NS

• 1D: 1.42%
• 1M: 2.86%
• YTD: 18.88%
• 6M: 27.35%
• 1Y: 45.61%
• 3Y*: 35.94%
• 5Y*: 49.83%
• 10Y*: 48.54%

CUMMINSIND.NS

• 1D: 1.67%
• 1M: 8.70%
• YTD: 31.11%
• 6M: 30.10%
• 1Y: 75.23%
• 3Y*: 50.27%
• 5Y*: 50.32%
• 10Y*: 24.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KEI.NS vs. CUMMINSIND.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KEI.NS KEI Industries Limited	18.88%	0.63%	36.69%	122.25%	25.68%	146.00%	4.56%	27.90%	-4.37%	204.82%
CUMMINSIND.NS Cummins India Limited	31.11%	37.60%	68.74%	44.32%	49.06%	66.85%	7.28%	-33.57%	-3.78%	11.77%

Correlation

The correlation between KEI.NS and CUMMINSIND.NS is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Mar 24, 2006	0.21

The correlation between KEI.NS and CUMMINSIND.NS shifts across timeframes, from 0.16 (10 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

KEI.NS vs. CUMMINSIND.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KEI.NS

KEI.NS Risk / Return Rank: 78
KEI.NS Sharpe Ratio Rank: 82
KEI.NS Sortino Ratio Rank: 78
KEI.NS Omega Ratio Rank: 76
KEI.NS Calmar Ratio Rank: 74
KEI.NS Martin Ratio Rank: 79

CUMMINSIND.NS

CUMMINSIND.NS Risk / Return Rank: 93
CUMMINSIND.NS Sharpe Ratio Rank: 94
CUMMINSIND.NS Sortino Ratio Rank: 93
CUMMINSIND.NS Omega Ratio Rank: 92
CUMMINSIND.NS Calmar Ratio Rank: 92
CUMMINSIND.NS Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KEI.NS vs. CUMMINSIND.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KEI Industries Limited (KEI.NS) and Cummins India Limited (CUMMINSIND.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.

	KEI.NS	CUMMINSIND.NS	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.79	-1.26
Sortino ratio: Return per unit of downside risk	2.16	3.68	-1.51
Omega ratio: Gain probability vs. loss probability	1.28	1.48	-0.20
Calmar ratio: Return relative to maximum drawdown	1.98	5.16	-3.18
Martin ratio: Return relative to average drawdown	6.20	16.14	-9.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KEI.NS vs. CUMMINSIND.NS - Sharpe Ratio Comparison

The current KEI.NS Sharpe Ratio is 1.53, which is lower than the CUMMINSIND.NS Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of KEI.NS and CUMMINSIND.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KEI.NS	CUMMINSIND.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.79	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.26	1.75	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.16	0.79	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.79	-0.32

Drawdowns

KEI.NS vs. CUMMINSIND.NS - Drawdown Comparison

The maximum KEI.NS drawdown since its inception was -95.32%, which is greater than CUMMINSIND.NS's maximum drawdown of -73.69%. Use the drawdown chart below to compare losses from any high point for KEI.NS and CUMMINSIND.NS.

Drawdown Indicators

	KEI.NS	CUMMINSIND.NS	Difference
Max Drawdown Largest peak-to-trough decline	-95.32%	-73.69%	-21.63%
Max Drawdown (1Y) Largest decline over 1 year	-23.35%	-14.61%	-8.74%
Max Drawdown (3Y) Largest decline over 3 years	-47.95%	-34.33%	-13.62%
Max Drawdown (5Y) Largest decline over 5 years	-47.95%	-34.33%	-13.62%
Max Drawdown (10Y) Largest decline over 10 years	-62.69%	-71.20%	+8.51%
Current Drawdown Current decline from peak	-2.76%	-3.98%	+1.22%
Average Drawdown Average peak-to-trough decline	-40.68%	-17.81%	-22.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.44%	4.67%	+2.77%

Volatility

KEI.NS vs. CUMMINSIND.NS - Volatility Comparison

The current volatility for KEI Industries Limited (KEI.NS) is 8.08%, while Cummins India Limited (CUMMINSIND.NS) has a volatility of 13.25%. This indicates that KEI.NS experiences smaller price fluctuations and is considered to be less risky than CUMMINSIND.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEI.NS	CUMMINSIND.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.08%	13.25%	-5.17%
Volatility (6M) Calculated over the trailing 6-month period	25.22%	23.49%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	30.29%	27.03%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.43%	29.42%	+11.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.70%	31.08%	+11.62%

Dividends

KEI.NS vs. CUMMINSIND.NS - Dividend Comparison

KEI.NS's dividend yield for the trailing twelve months is around 0.08%, less than CUMMINSIND.NS's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CUMMINSIND.NS Cummins India Limited	0.92%	1.16%	1.16%	1.27%	1.34%	1.59%	2.44%	3.09%	1.77%	1.55%	1.71%	0.87%
KEI.NS KEI Industries Limited	0.08%	0.09%	0.08%	0.09%	0.17%	0.17%	0.31%	0.26%	0.28%	0.16%	0.40%	0.33%

Financials

Frequently Asked Questions

Can I hold both KEI.NS and CUMMINSIND.NS in my portfolio?

KEI.NS and CUMMINSIND.NS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.