Cummins India shares experienced a notable decline, dropping 2.19% to trade at ₹5,469.50 at 09:18 am on Friday, placing the stock among the top losers on the Nifty Next 50 index. According to Moneycontrol, this downward movement comes despite the company's strong financial performance and consistent dividend payouts. The current dip might present a watch-and-wait scenario for investors, with Moneycontrol's analysis currently indicating a bullish sentiment for Cummins India as of July 10, 2026.
For the year ending March 2026, Cummins India reported consolidated revenue of ₹12,143.19 crore, marking a substantial increase of 16.87% from ₹10,390.69 crore in the year ending March 2025. As reported by Moneycontrol, net profit rose to ₹2,095.47 crore in March 2026 from ₹1,733.17 crore in March 2025, representing a 21.02% increase year-on-year. The quarterly performance for March 2026 showed consolidated revenue at ₹3,011.18 crore with net profit at ₹563.41 crore, compared to revenue of ₹2,470.38 crore and net profit of ₹439.13 crore in the same quarter of the previous year. The company's Return on Equity (ROE) has consistently improved, reaching 27.86% in 2026, while its Debt to Equity ratio has decreased to 0.00, indicating a very healthy balance sheet.
According to Moneycontrol's analysis, Cummins India declared a final dividend of ₹46.00 per share (2300%) with an effective date of July 17, 2026, and an interim dividend of ₹20.00 per share (1000%) with an effective date of February 11, 2026. The company also declared a final dividend of ₹33.50 per share (1675%) with an effective date of July 18, 2025, and an interim dividend of ₹18.00 per share (900%) with an effective date of February 14, 2025. Historically, the company has issued bonus shares in ratios such as 2:5 in 2011 and 1:2 in 1994, alongside a stock split in 2000 from a face value of ₹10 to ₹2. Other corporate actions include intimation regarding the dispatch of the annual report for the financial year 2025-26 and newspaper publications for the 65th AGM notice.
The latest quarterly data shows Cummins India's quarterly revenue ranged from ₹2,470.38 crore in March 2025 to ₹3,011.18 crore in March 2026, with a marginal decrease from ₹3,054.92 crore in December 2025. However, net profit demonstrated strong growth, increasing from ₹439.13 crore in March 2025 to ₹563.41 crore in March 2026, with EPS rising to 23.43 from 17.53 during the same period. The company's Earnings Per Share (EPS) has consistently improved, reaching ₹85.20 in 2026 from ₹72.15 in 2025, while Book Value Per Share (BVPS) increased to ₹305.74 from ₹272.78.
