Dividend Record
THERMAXDividend History & Yield
Thermax Ltd.
Thermax Ltd. paid ₹20 a share over the last twelve months, a yield of 0.51%, and has now paid in 19 consecutive years.
- Trailing yield
- 0.51%
- Paid last year
- ₹20
- Unbroken years
- 19
- Yield on 10y cost
- 2.4%
Price vs Dividends
How much of THERMAX's return came from dividends
A share price tells you only half the story for a company that pays. Over the last 20 years Thermax Ltd.'s quoted price moved +1240.9%, but a holder who reinvested every dividend ended on +1484.2% — which makes dividends 16% of everything the stock returned.
| Period | Price return | Dividends added | Total return | From dividends |
|---|---|---|---|---|
| 1 year | +23.0% | +0.5 pts | +23.5% | 2% |
| 3 years | +40.4% | +1.5 pts | +41.9% | 4% |
| 5 years | +180.2% | +5.3 pts | +185.5% | 3% |
| 10 years | +371.3% | +25.4 pts | +396.7% | 6% |
| 15 years | +706.3% | +82.9 pts | +789.3% | 11% |
| 20 years | +1240.9% | +243.3 pts | +1484.2% | 16% |
“Dividends added” is in percentage points of total return, with dividends treated as reinvested at the time they were paid — which is why it compounds and grows faster than the raw cash paid out. “From dividends” is shown only where the total return was positive; against a loss it would be a share of a negative number and would mean nothing.
Payout Record
THERMAX dividend history, year by year
Per share, by the calendar year the dividend went ex — 20 years on record.
| Year | Per share | Payments | Relative size |
|---|---|---|---|
| 2026 | ₹20 | 1 | |
| 2025 | ₹14 | 1 | |
| 2024 | ₹12 | 1 | |
| 2023 | ₹10 | 1 | |
| 2022 | ₹9 | 1 | |
| 2021 | ₹7 | 1 | |
| 2020 | ₹7 | 1 | |
| 2019 | ₹7 | 1 | |
| 2018 | ₹6 | 1 | |
| 2017 | ₹6 | 1 | |
| 2016 | ₹6 | 1 | |
| 2015 | ₹7 | 1 | |
| 2014 | ₹6 | 1 | |
| 2013 | ₹7 | 1 | |
| 2012 | ₹7 | 1 | |
| 2011 | ₹9 | 1 | |
| 2010 | ₹5 | 1 | |
| 2009 | ₹5 | 1 | |
| 2008 | ₹8 | 1 | |
| 2007 | ₹6 | 2 |
Grouped by calendar year rather than financial year, because that is how the ex-dates arrive in the data. A year with an unusually large figure often contains a special dividend rather than a raised regular one.
Dividend Income
What THERMAX would pay on your holding
Based on the last twelve months of declared dividends. A company can cut or raise its payout at any time, so this is a record of what it recently paid, not an income you can count on.
| Invested | A year at today's price | If you had bought 10 years ago |
|---|---|---|
| ₹1.00L | ₹510 | ₹2,390 |
| ₹5.00L | ₹2,550 | ₹11,950 |
| ₹10.00L | ₹5,100 | ₹23,900 |
| ₹25.00L | ₹12,750 | ₹59,750 |
| ₹50.00L | ₹25,500 | ₹1,19,500 |
The right-hand column is the same dividend measured against what the shares cost a decade ago — a yield on cost of 2.4% against 0.5% today. It is what a long holder is actually earning, and it is the reason a low headline yield on a growing payer is not the whole story.
HELP CENTER
THERMAX dividends — common questions
Everything you need to know about this page and the data presented.
How much dividend does THERMAX pay?+
Thermax Ltd. paid ₹20 per share in dividends over the last twelve months, a yield of 0.51% against the current share price. It has paid in 20 separate calendar years across the history we hold, totalling ₹164 per share.
What is the dividend yield of THERMAX?+
THERMAX's trailing dividend yield is 0.51% — the last twelve months of declared dividends divided by the current share price. Yield moves inversely with the price, so a falling share price raises the yield without the company paying a rupee more. That is why the payout record below matters more than the headline number.
Has THERMAX paid dividends consistently?+
Thermax Ltd. has paid in 19 consecutive years, counting back from the last complete calendar year. A streak is a better guide to a company's intent than a single year's yield, which can be inflated by a one-off special dividend. It is still a record of the past — a payout can be cut at any time, and several long-running Indian payers have done exactly that.
What would THERMAX dividends pay on shares bought 10 years ago?+
Today's dividend measured against THERMAX's price ten years ago is a yield on cost of 2.4%, against 0.5% for someone buying now. ₹10 lakh invested a decade ago would therefore be paying about ₹23,900 a year at the current payout. That gap is what a growing dividend does over time, and it is invisible in the headline yield.
How much of THERMAX's return came from dividends?+
Over the last 20 years THERMAX's share price moved +1240.9% while a holder reinvesting dividends earned +1484.2% — so dividends account for about 16% of the total return. Almost every site quotes only the price change, which understates what a dividend payer actually returned.
When did THERMAX last pay a dividend?+
The most recent dividend on record went ex on 2026-07-03, at ₹20 per share. In 2026 it has paid 1 time, totalling ₹20 per share. Dates are ex-dividend dates from our price data, not the credit date — the money reaches a shareholder some weeks later.
Explore Further
More on Thermax Ltd.
Dividend figures come from our price data provider's recorded ex-dates and are per share, before tax. Dividends in India are taxed in the recipient's hands and TDS may apply — nothing here accounts for that. ReturnScreener is an educational research platform and is not a SEBI-registered investment adviser. A payout can be cut or suspended at any time; past dividends are not a forecast of future ones. See our methodology and disclaimer.