Thermax Limited does not currently pay a regular dividend.
| Fiscal Year | Dividends Paid | Payout Ratio | YoY Change |
|---|---|---|---|
| 2025 | $1.35B | 21.3% | +19.9% |
| 2024 | $1.13B | 17.5% | +10.4% |
| 2023 | $1.02B | 22.7% | +29.6% |
| 2022 | $788.30M | 25.2% | +0.0% |
| 2021 | $788.30M | 38.2% | -58.5% |
| 2020 | $1.90B | 89.5% | +133.8% |
| 2019 | $812.90M | 25.0% | -1.3% |
| 2018 | $823.90M | 35.5% | +0.1% |
| 2017 | $823.40M | 36.9% | -14.1% |
| 2016 | $958.40M | 34.0% | +14.1% |
| 2015 | $839.90M | 40.0% | -13.8% |
| 2014 | $974.00M | 39.6% | — |