Cummins India (NSE:CUMMINSIND) Dividend Payout Ratio: (As of Jun. 2026)

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NSE:CUMMINSIND Cummins India Ltd NSE:CUMMINSIND
95 GF Score
Price ₹5,099.50
GF Value ₹4,732.90
Valuation Fairly Valued
View Full Analysis

What is Cummins India Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Cummins India's Dividend Payout Ratio for the months ended in Jun. 2026 was .

The historical rank and industry rank for Cummins India's Dividend Payout Ratio or its related term are showing as below:

NSE:CUMMINSIND' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.56   Max: 0.67
Current: 0.61

During the past 13 years, the highest Dividend Payout Ratio of Cummins India was 0.67. The lowest was 0.51. And the median was 0.56.

NSE:CUMMINSIND's Dividend Payout Ratio is ranked worse than
75.31% of 1673 companies
in the Industrial Products industry
Industry Median: 0.36 vs NSE:CUMMINSIND: 0.61

As of today (2026-09-21), the Dividend Yield % of Cummins India is 1.29%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Cummins India was 5.69%. The lowest was 0.75%. And the median was 1.46%.

Cummins India's Dividends per Share for the months ended in Jun. 2026 was ₹.

During the past 12 months, Cummins India's average Dividends Per Share Growth Rate was 40.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 33.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 31.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cummins India was 48.10% per year. The lowest was -2.00% per year. And the median was 9.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Cummins India (NSE:CUMMINSIND) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Cummins India Dividend Payout Ratio Related Terms

Cummins India Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Cummins India's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cummins India Dividend Payout Ratio Chart

Cummins India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.56 0.61 0.73 0.77

Cummins India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.89 0.00 2.03 -

NSE:CUMMINSIND vs GEV, ETN, PH: Dividend Payout Ratio Comparison

For the Specialty Industrial Machinery subindustry, Cummins India's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cummins India Dividend Payout Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cummins India's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Cummins India's Dividend Payout Ratio falls into.


NSE:CUMMINSIND
95GF Score
Cummins India Ltd NSE:CUMMINSIND
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cummins India Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Cummins India's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=66/ 85.689105339105
=0.77

Cummins India's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=/ 21.98051948052
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Cummins India (NSE:CUMMINSIND) Overvalued in 2026?

Based on GuruFocus' analysis, Cummins India stock appears to be overvalued. The current stock price of ₹5,099.50 is trading 7.7% above its estimated GF Value™ of ₹4,732.90. GuruFocus considers Cummins India to be Fairly Valued.

Key valuation signals for NSE:CUMMINSIND:

  • Dividend Payout Ratio:
  • GF Value™: ₹4,732.90 vs. price of ₹5,099.50 (7.7% above fair value)
  • GF Score™: 95/100

No single metric tells the full story. See the NSE:CUMMINSIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cummins India Business Description

Other Exchanges 500480:India
Address Cummins India Office Campus, Tower A, 5th Floor, Survey No. 21, Balewadi, Pune, MH, IND, 411045
Cummins India Ltd designs and manufactures service engines and engages in allied activities. The company produces fuel systems, air handling, filtration, emission solutions, and electrical power generation systems in facilities across India. The company's business units are; Engines, Power Systems, Components, and Distribution. Its operating segments are; Engines and Lubes. Maximum revenue is generated from its Engines segment which manufactures engines from 60 HP for low, medium, and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor.
95GF Score

Get the complete analysis for NSE:CUMMINSIND

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5,099.50
Price
₹4,732.90
GF Value