THERMAX LIMITED

Dividend Thermax Limited

Stocks

THERMAX

INE152A01029

Industrial Machinery & Equipment

Delayed NSE India S.E. Other stock markets 03:41:13 12/06/2026 pm IST			5-day change	1st Jan Change
4,726.30 ^INR	+3.39%		-2.19%	+56.37%

11/05	Kotak Securities Downgrades Thermax to Sell from Buy; Price Target is INR4,000	MT
11/05	ICICI Securities Downgrades Thermax to Hold from Buy; Price Target is INR4,500	MT

Upcoming dividends: Thermax Limited

03/07/2026	Ex-dividend date for special dividend	₹6 Thermax Limited, 6.00 (INR), Cash Dividend, Jul-03-2026	09:30 am
03/07/2026	Ex-dividend date	₹14 Thermax Limited, 14.0 (INR), Cash Dividend, Jul-03-2026	09:30 am

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	18.39	22.26
Rate of return	0.52%	0.46%	0.44%	0.29%	0.38%	0.43%	0.4%	0.49%
EPS ²	18.34	27.73	39.98	57.28	56.31	63.95	74.18	96.35
Distribution rate	38.2%	32.5%	25%	20.9%	24.9%	21.9%	24.8%	23.1%
Reference price ²	1,343.55	1,939.05	2,292.70	4,192.35	3,654.10	4,571.30	4,571.30	4,571.30
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	07/05/26	-	-

¹INR in Million²INR

Estimates

Past dividends: Thermax Limited

04/07/2025

Ex-dividend date - 14 INR

09:30 am

Sector Comparison:

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Dividend Yield (N)	Dividend Yield (N+1)	P/E (N)	Price to Book (N)	EV / Sales (N)
	THERMAX LIMITED	0.31%	0.4%	83.95x	9.96x	4.93x
	PARKER-HANNIFIN CORPORATION	0.82%	0.87%	33.16x	7.48x	5.72x
	FANUC CORPORATION	1.55%	1.9%	39.34x	3.58x	6.7x
	DOVER CORPORATION	0.97%	1%	24.1x	3.68x	3.53x
	INGERSOLL RAND INC.	0.12%	0.13%	30.37x	2.56x	3.93x
	TECHTRONIC INDUSTRIES COMPANY LIMITED	2.55%	2.94%	19x	3.47x	1.56x
	XYLEM INC.	1.58%	1.7%	23.93x	2.29x	2.87x
	SMC CORPORATION	1.63%	1.74%	24.49x	1.97x	3.94x
	JIANGSU HENGLI HYDRAULIC CO.,LTD	0.78%	0.97%	48.46x	8.32x	11.54x
	INNIO N.V.	-	-	-	-	-
	Average	1.14%	1.29%	36.31x	4.81x	4.97x
	Weighted average by Cap.	1.12%	1.25%	32.24x	5.13x	5.19x

See all sector dividends

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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