Thermax (NSE:THERMAX) Total Payout Ratio: (As of Sep. 22, 2026)

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NSE:THERMAX Thermax Ltd NSE:THERMAX
87 GF Score
Price ₹3,578.20
GF Value ₹4,082.21
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Thermax Total Payout Ratio?

Total Payout Ratio is the percent a company has paid to its shareholders through net repurchase of shares and dividends based on its Net Income.

Thermax's current Total Payout Ratio is .

Thermax Total Payout Ratio Related Terms

Thermax Total Payout Ratio Historical Data

* Premium members only.

The historical data trend for Thermax's Total 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.

Thermax Total Payout Ratio Chart

Thermax Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Payout Ratio
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Thermax Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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NSE:THERMAX vs MMM, HON: Total Payout Ratio Comparison

For the Conglomerates subindustry, Thermax's Total Payout Ratio, along with its competitors' market caps and Total 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.

Thermax Total Payout Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Thermax's Total Payout Ratio distribution charts can be found below:

* The bar in red indicates where Thermax's Total Payout Ratio falls into.


NSE:THERMAX
87GF Score
Thermax Ltd NSE:THERMAX
Total Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thermax Total Payout Ratio Calculation

Total Payout Ratio is a measurement showing the proportion of earnings a company pays shareholders in the form of dividends and net stock repurchases.

Thermax's Total Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Total Payout Ratio=- (Repurchase of Stock + Issuance of Stock + Cash Flow for Dividends) / Net Income
=- (-0 + 0 + -1576.9) / 7209.1
=0.22

Thermax's Total Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Total Payout Ratio=- (Repurchase of Stock + Issuance of Stock + Cash Flow for Dividends) / Net Income
=- ( + + ) / 252.4
=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 Thermax (NSE:THERMAX) Overvalued in 2026?

Based on GuruFocus' analysis, Thermax stock appears to be undervalued. The current stock price of ₹3,578.20 is trading 12.3% below its estimated GF Value™ of ₹4,082.21. GuruFocus considers Thermax to be Modestly Undervalued.

Key valuation signals for NSE:THERMAX:

  • Total Payout Ratio:
  • GF Value™: ₹4,082.21 vs. price of ₹3,578.20 (12.3% below fair value)
  • GF Score™: 87/100 with 2 warning signs

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

Thermax Business Description

Other Exchanges 500411:India
Address 14, Mumbai-Pune Road, Thermax House, Wakdewadi, Pune, MH, IND, 411 003
Thermax Ltd is a company that provides engineering solutions. The company operates through four reportable segments which are industrial products, industrial infra, green solutions, and chemicals. It earns the majority of its revenue from the Industrial Infra segment. The Company's portfolio includes boilers and heaters, absorption chillers/heat pumps, power plants, solar equipment, related services, air pollution control equipment/system, water and waste recycle plants, ion exchange resins and performance chemicals and related services The company generates more than half of its revenue from India.
87GF Score

Get the complete analysis for NSE:THERMAX

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

₹3,578.20
Price
₹4,082.21
GF Value