- IN₹385.41bn
- IN₹370.81bn
- IN₹93.23bn
Growth & Value
12m Forecast Rolling | Industry | Market | |
---|---|---|---|
PE Ratio (f) | 47.59 | ||
PEG Ratio (f) | 2.17 | ||
EPS Growth (f) | 28.15% | ||
Dividend Yield (f) | 0.53% |
Valuation (ttm) | Industry | Market | |
---|---|---|---|
Price to Book Value | 8.34 | ||
Price to Tang. Book | 8.61 | ||
Price to Free Cashflow | n/a | ||
Price to Sales | 3.83 | ||
EV to EBITDA | 42.08 |
Shareholder Activity
Type | Buy / Hold / Sell |
---|---|
Institutions | |
Directors | |
Community |
Guru Screens
Quality
Name | Industry | Market | |
---|---|---|---|
Return on Capital | 11.78% | ||
Return on Equity | 14.38% | ||
Operating Margin | 7.13% |
Financial Summary
Year End 31st Mar | Unit | 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | CAGR / Avg |
---|---|---|---|---|---|---|---|---|---|
Total Revenue | IN₹m | 57,313.1 | 47,912.5 | 61,283.3 | 80,898.1 | 93,234.6 | 104,300.45 | 119,696.67 | 9.31% |
Operating Profit | m | ||||||||
Net Profit | m | ||||||||
EPS Reported | |||||||||
Diluted Normalised EPS | |||||||||
EPS Growth | % | -48.03 | -5.23 | +17.37 | +60.78 | +33.62 | -1.75 | +28.15 | n/a |
PE Ratio | x | ||||||||
PEG | |||||||||
Profitability | |||||||||
Operating Margin | % | ||||||||
ROA | % | ||||||||
ROCE | % | ||||||||
ROE | % | ||||||||
Cashflow | |||||||||
Op. Cashflow ps | |||||||||
Capex ps | |||||||||
Free Cashflow ps | |||||||||
Dividends | |||||||||
Dividend ps | |||||||||
Dividend Growth | % | ||||||||
Dividend Yield | % | ||||||||
Dividend Cover | x | ||||||||
Balance Sheet | |||||||||
Cash etc | m | ||||||||
Working Capital | m | ||||||||
NFA | m | ||||||||
Net Debt | m | ||||||||
Book Value | m | ||||||||
Diluted Weighted Average Shares | m | ||||||||
Book Value ps |
Other Ratios
Leverage (ttm) | Total | - Intang | + Pension |
---|---|---|---|
Gross Gearing | |||
Net Gearing | |||
Cash / Assets |
Liquidity (ttm) | |
---|---|
Curr. Ratio | |
Quick Ratio | |
Interest Cov. |
Efficiency (ttm) | |
---|---|
Asset Turnover | |
Recs Turnover | |
Stock Turnover |
Recent History
Latest interim period vs. prior period | Industry | Market | |
---|---|---|---|
Sales Growth | |||
EPS Growth |
3yr Compound Annual Growth Rate | Industry | Market | |
---|---|---|---|
Sales CAGR | |||
EPS CAGR | |||
DPS CAGR |
Profile Summary
Thermax Limited offers solutions in heating, cooling, power generation, water and wastewater treatment and recycling, pollution inhibition, and chemicals, prioritizing clean air, energy, and water. Its segments include Industrial Products, Industrial Infra, Green Solutions and Chemical. Industrial Products segment includes boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/systems, water and waste recycle, including associated services and engineering, procurement and construction (EPC). Industrial Infra segment offers EPC of power plants, boiler and heater (high capacity) plants, infra projects, bio-CNG projects, flue gas desulphurization projects include associated services. Chemical business manufactures and markets a range of resins, water treatment and specialty chemicals to help improve processes across various. Green Solutions segment offers opex-based green utilities and renewable energy solutions through the build-own-operate model.
Directors
- Meher Pudumjee NEC (54)
- Ashish Bhandari CEO
- Rajendran Arunachalam CFO
- Pravin Karve CEX
- Jasmeet Bhatia EVP
- B. C. Mahesh EVP
- Hemant Mohgaonkar EVP
- Prosenjit Sengupta EVP (80)
- Bill Shukla EVP
- Shekhar Kashalikar SVP
- Mahesh Murthy CTO
- Janhavi Khele CCO (37)
- Pheroz Pudumjee NED
- Ravi Gopinath IND (52)
- Rajani Kesari NID (49)
- Harsh Mariwala NID
- Nawshir Mirza NID (71)
- Sashishekhar Pandit NID (70)
- Jairam Varadaraj NID (59)
- Valentin von Massow NID (64)
- Last Annual
- March 31st, 2024
- Last Interim
- December 31st, 2024
- Incorporated
- June 30th, 1980
- Public Since
- February 15th, 1995
- No. of Shareholders
- 41,721
- No. of Employees
- 2,830
- Sector
- Machinery, Equipment & Components
- Industry
- Industrials
- Exchange
National Stock Exchange of India
- Shares in Issue
- 112,639,946

- Address
- Thermax House, PUNE, 411003
- Web
- https://www.thermaxglobal.com/
- Phone
- +91 2025542122
- Auditors
- S R B C & CO LLP
Latest News for THERMAX
Upcoming Events for THERMAX
Q4 2025 Thermax Limited Earnings Release
Q1 2026 Thermax Limited Earnings Release
Similar to THERMAX
AARON INDUSTRIES
National Stock Exchange of India
AARTECH SOLONICS
National Stock Exchange of India
ABB India
National Stock Exchange of India
Action Construction Equipment
National Stock Exchange of India
Ador Welding
National Stock Exchange of India
FAQ
As of Today at 23:39 UTC, shares in Thermax are trading at IN₹3,421.60. This share price information is delayed by 15 minutes.
Shares in Thermax last closed at IN₹3,421.60 and the price had moved by -28.89% over the past 365 days. In terms of relative price strength the Thermax share price has underperformed the S&P BSE 100 Index by -34.12% over the past year.
The overall consensus recommendation for Thermax is Hold. You can view the full broker recommendation list by unlocking its StockReport.
Find out moreThe Thermax dividend yield is 0.35% based on the trailing twelve month period.
Last year, Thermax paid a total dividend of IN₹12.00, and it currently has a trailing dividend yield of 0.35%. We do not have any data on when Thermax is to next pay dividends.
We do not have data on when Thermax is to next pay dividends. The historic dividend yield on Thermax shares is currently 0.35%.
To buy shares in Thermax you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
As of the previous close price of IN₹3,421.60, shares in Thermax had a market capitalisation of IN₹385.41bn.
Here are the trading details for Thermax:
- Country of listing: India
- Exchange: NSI
- Ticker Symbol: THERMAX
Based on an overall assessment of its quality, value and momentum Thermax is currently classified as a Falling Star. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
The analyst consensus target price for shares in Thermax is IN₹3,684.00. That is 7.67% above the last closing price of IN₹3,421.60.
Analysts covering Thermax currently have a consensus Earnings Per Share (EPS) forecast of IN₹56.10 for the next financial year.
Find out moreAn important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Thermax. Over the past six months, its share price has underperformed the S&P BSE 100 Index by -30.76%.
As of the last closing price of IN₹3,421.60, shares in Thermax were trading -21.39% below their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
The Thermax PE ratio based on its reported earnings over the past 12 months is 47.59. The shares last closed at IN₹3,421.60.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
Thermax's management team is headed by:
- Meher Pudumjee - NEC
- Ashish Bhandari - CEO
- Rajendran Arunachalam - CFO
- Pravin Karve - CEX
- Jasmeet Bhatia - EVP
- B. C. Mahesh - EVP
- Hemant Mohgaonkar - EVP
- Prosenjit Sengupta - EVP
- Bill Shukla - EVP
- Shekhar Kashalikar - SVP
- Mahesh Murthy - CTO
- Janhavi Khele - CCO
- Pheroz Pudumjee - NED
- Ravi Gopinath - IND
- Rajani Kesari - NID
- Harsh Mariwala - NID
- Nawshir Mirza - NID
- Sashishekhar Pandit - NID
- Jairam Varadaraj - NID
- Valentin von Massow - NID