Rs. 14 Dividend Bonanza: BSE 200 Stock Thermax Sets Record Date In July; Entry, Stop Loss & Target Here

With a market valuation of over Rs 40k Cr, Thermax Limited is a large-cap capital goods firm. Thermax provides integrated solutions for chemicals, air pollution control, water treatment and recycling, heating, cooling, and power generation. Products for heating, cooling, water and waste management, and specialty chemicals are among the company's offerings. Its headquarters are in Pune. Following the announcement of Q4 results and a sizable dividend of Rs 14, Thermax's shares closed the day higher on the BSE at Rs 3300.80 per share on Monday. By remaining solidly above the Rs 3,200 mark, Thermax has demonstrated great bullish power. Is now the right moment to enter? Let's check the analysis here.

Thermax Dividend

"The Board has recommended a dividend of Rs. 14/- per equity share of Rs. 2/- each (700%) for the financial year 2024-25, subject to the approval of the shareholders at the ensuing 44th Annual General Meeting of the Company. The record date for payment of dividend is fixed as Friday, July 4, 2025," said Thermax in a stock exchange filing.

Thermax Q4 Results

Thermax Ltd's fourth quarter net profit increased by 8.1% (YoY) to Rs 205.7 crore from Rs 190.33 crore in Q4FY24. Compared to the same quarter last year, when revenue from operations was Rs 2,763.7 crore, it increased 11.6% YoY to Rs 3,085 crore in the current quarter. In comparison to the Rs 273.2 crore recorded in the same quarter of the previous fiscal year, EBITDA increased 9.7% to Rs 300 crore in the quarter that ended in March 2025. In Q4FY25, the EBITDA margin decreased marginally to 9.7% from 9.9% in Q4FY24.

Thermax Group reported consolidated operating revenue of Rs. 10,389 crore for the fiscal year 2024-2025, a rise of 11 per cent over the Rs. 9,323 crore recorded the year before. This year's profit after tax was Rs. 627 crore compared to Rs. 643 crore in FY24, a 2% fall.

Thermax Share Price Target

"Thermax has shown strong bullish strength by holding firmly above the ₹3,200 level. The stock is moving in an upward sloping channel with well-respected trendlines. A breakout above ₹3,320 could lead to a sharp move toward ₹3,400. Volume trends support continued buying interest, and the structure remains intact for higher levels. Traders should watch for dips toward ₹3,240-₹3,260 for potential entries with a stop loss near ₹3,180. The medium-term outlook remains positive as long as the price stays above ₹3,200," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

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