THERMAX LIMITED

Dividend Thermax Limited

Equities

THERMAX

INE152A01029

Industrial Machinery & Equipment

Delayed NSE India S.E. Other stock markets 03:54:39 17/02/2026 pm IST			5-day change	1st Jan Change
3,054.20 ^INR	+4.45%		+3.18%	+1.05%

06/02	ICICIdirect.com Upgrades Thermax to Buy from Hold, Price Target is INR3,400	MT
05/02	Thermax Limited, Q3 2026 Earnings Call, Feb 05, 2026

EPS & Dividend: Thermax Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Dividend per Share ²	7	9	10	12	14	14.24	16.93	21.14
Rate of return	0.52%	0.46%	0.44%	0.29%	0.38%	0.49%	0.58%	0.72%
EPS ²	18.34	27.73	39.98	57.28	56.31	54.31	72.79	89.29
Distribution rate	38.2%	32.5%	25%	20.9%	24.9%	26.2%	23.3%	23.7%
Reference price ²	1,343.55	1,939.05	2,292.70	4,192.35	3,654.10	2,924.20	2,924.20	2,924.20
Nbr of stocks (in thousands)	1,12,615	1,12,615	1,12,615	1,12,615	1,12,621	1,12,640	-	-
Announcement Date	25/05/21	20/05/22	17/05/23	10/05/24	09/05/25	-	-	-

¹INR in Million²INR

Estimates

Past dividends: Thermax Limited

04/07/2025	Annual 14 INR
05/07/2024	Annual 12 INR
21/07/2023	Annual 10 INR
21/07/2022	Annual 9 INR
22/07/2021	Annual 7 INR
20/03/2020	Interim Payment 7 INR
25/07/2019	Annual 7 INR
26/07/2018	Annual 6 INR
27/07/2017	Annual 6 INR
28/07/2016	Annual 6 INR

Upcoming events: Thermax Limited

08/05/2026	Q4 2026 Earnings Release
30/07/2026	Q1 2027 Earnings Release (Projected)
05/11/2026	Q2 2027 Earnings Release (Projected)
09/02/2027	Q3 2027 Earnings Release (Projected)
07/05/2027	Q4 2027 Earnings Release (Projected)

Sector Comparison:

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Dividend Yield (Y)	Dividend Yield (Y+1)	P/E (Y)	Price to Book (Y)	EV / Sales (Y)
	THERMAX LIMITED	0.49%	0.58%	53.84x	6.28x	3.2x
	PARKER-HANNIFIN CORPORATION	0.73%	0.79%	37.14x	8.42x	6.36x
	FANUC CORPORATION	1.6%	1.8%	38.44x	3.51x	6.56x
	INGERSOLL RAND INC.	0.08%	0.08%	63.93x	3.6x	5.49x
	DOVER CORPORATION	0.94%	0.97%	25.27x	3.96x	3.76x
	XYLEM INC.	1.25%	1.33%	35.01x	2.74x	3.52x
	SMC CORPORATION	1.35%	1.5%	30.23x	2.38x	4.94x
	TECHTRONIC INDUSTRIES COMPANY LIMITED	1.96%	2.24%	23.32x	4.09x	1.83x
	WÄRTSILÄ OYJ	1.49%	1.73%	33.95x	7.18x	2.74x
	ALFA LAVAL AB	1.81%	1.89%	24.74x	4.6x	3.21x
	Average	1.17%	1.29%	36.59x	4.68x	4.16x
	Weighted average by Cap.	1.07%	1.18%	36.42x	5.41x	4.93x

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Year-on-year evolution of the Yield

Dividend / Share (DPS) - Evolution of Analysts' Estimates

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Dividend / Share (DPS) - Estimates Revisions

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Earnings Per Share (EPS) - Evolution of Analysts' Estimates

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