Thermax Limited

NSEI:THERMAX 株式レポート

時価総額：₹501.8b

Thermax 将来の成長

Future 基準チェック /36

Thermax利益と収益がそれぞれ年間18.8%と14%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に17.7% 18.3%なると予測されています。

主要情報

18.8%

収益成長率

18.34%

EPS成長率

Machinery 収益成長21.1%
収益成長率14.0%
将来の株主資本利益率17.68%
アナリストカバレッジ

Good

最終更新日22 Jul 2026

今後の成長に関する最新情報

分析記事 • May 10

Earnings Beat: Thermax Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Thermax Limited ( NSE:THERMAX ) just released its full-year report and things are looking bullish. Thermax beat...
分析記事 • Feb 07

Thermax Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Thermax Limited ( NSE:THERMAX ) came out with its quarterly results last week, and we wanted to see how the business is...
分析記事 • Nov 14

Thermax Limited Just Missed Earnings - But Analysts Have Updated Their Models

Thermax Limited ( NSE:THERMAX ) just released its latest second-quarter report and things are not looking great. It...
分析記事 • Aug 03

Thermax Limited Just Beat EPS By 6.4%: Here's What Analysts Think Will Happen Next

Thermax Limited ( NSE:THERMAX ) last week reported its latest first-quarter results, which makes it a good time for...

Recent updates

ナラティブ更新 • Jul 01

THERMAX: Rising Dividend Payouts Will Increase Risk To Future Shareholder Returns

Thermax's analyst fair value estimate has been revised from about ₹3,414 to roughly ₹4,409. Analysts cite updated assumptions on revenue growth, profit margin and future P/E as the basis for the higher price target.
ナラティブ更新 • Jun 17

THERMAX: Dividend Milestone And Revised Assumptions Will Support Stock Upside

Analysts have raised their price target on Thermax to ₹5,930 from ₹5,600, citing updated assumptions that reflect the latest views on discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Thermax Thermax has recommended a final dividend of ₹14 per equity share for the financial year 2025-26, subject to shareholder approval at the 45th Annual General Meeting.
ナラティブ更新 • Jun 03

THERMAX: Rich P E Will Persist Despite One Off Dividend Windfall

Analysts have revised Thermax's price target from ₹2,700 to ₹2,893, reflecting updated assumptions on revenue growth, profit margins, discount rate, and a slightly lower future P/E multiple. What's in the News The board has recommended a final dividend of ₹14 per share and a special dividend of ₹6 per share to mark Thermax's 60th anniversary, for a total proposed payout of ₹20 per equity share of face value ₹2 each for FY 2025-26, subject to shareholder approval at the 45th AGM.
分析記事 • May 21

We Think That There Are Issues Underlying Thermax's (NSE:THERMAX) Earnings

Thermax Limited's ( NSE:THERMAX ) stock was strong after they recently reported robust earnings. We did some analysis...
ナラティブ更新 • May 12

THERMAX: Board Decisions On Results And Dividend Will Support Bullish Outlook

The analyst fair value estimate for Thermax has been revised from ₹4,459.89 to ₹5,600.00. Analysts point to updated assumptions on revenue growth, profit margins and future P/E as the key drivers behind this change.
分析記事 • May 10

Earnings Beat: Thermax Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Thermax Limited ( NSE:THERMAX ) just released its full-year report and things are looking bullish. Thermax beat...
ナラティブ更新 • Apr 28

THERMAX: New Energy Partnerships And Dubai Expansion Will Shape Balanced Outlook

Analysts have nudged their fair value estimate for Thermax up from ₹4,381.36 to ₹4,459.89, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and a higher future P/E multiple. What's in the News A board meeting is scheduled for May 7, 2026 to consider and approve audited financial results for the quarter and year ended March 31, 2026, including segment-wise financials (Key Developments).
ナラティブ更新 • Apr 14

THERMAX: New Energy Expansion Will Likely Sustain Rich P E And Limit Upside

Analysts have lifted their price target on Thermax from ₹2,454.97 to ₹2,700, citing updated assumptions for revenue growth, profit margin and future P/E, along with a revised discount rate. What's in the News The board approved setting up a wholly owned step-down subsidiary in Dubai through Thermax Engineering Singapore Pte Ltd, expanding the group structure into the Middle East region (company filing).
ナラティブ更新 • Mar 31

THERMAX: New Energy Tie-Ups And Middle East Expansion Will Support Upside

Thermax's analyst fair value estimate is unchanged at ₹4,381.36, with the updated target now supported by slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E that analysts see as better reflecting the current risk and earnings outlook. What's in the News The board has approved the incorporation of a wholly owned step-down subsidiary in Dubai through Thermax Engineering Singapore Pte Ltd, expanding the group structure into the Middle East region (board meeting resolution, February 2, 2026).
ナラティブ更新 • Mar 16

THERMAX: New Energy Partnership And Dubai Subsidiary Will Support Balanced Medium Term Outlook

Thermax's analyst price target has been adjusted slightly to ₹3,414 from ₹3,413, with analysts attributing the change to small refinements in fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News The Board approved the incorporation of a wholly owned step down subsidiary in Dubai through Thermax Engineering Singapore Pte Ltd, expanding the group structure into the UAE (Board meeting resolution, Feb 2, 2026).
ナラティブ更新 • Mar 02

THERMAX: New Energy Partnerships Will Drive Long-Term Upside

Analysts have trimmed their Thermax fair value estimate from ₹4,458 to ₹4,381 as they now assume slightly lower revenue growth and profit margins, partly offset by a reduced discount rate and a higher future P/E multiple. What's in the News The Board approved setting up a wholly owned step down subsidiary in Dubai through Thermax Engineering Singapore Pte Ltd, aimed at expanding the group’s presence in the region (Board meeting filing).
ナラティブ更新 • Feb 16

THERMAX: New Energy Tie-Up And Dubai Expansion Will Support Upside Potential

Analysts have trimmed their Thermax price target slightly to ₹3,413 from ₹3,438, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E that remain broadly consistent with prior expectations. What's in the News Thermax plans to set up a wholly owned step down subsidiary in Dubai through its Singapore unit, as approved by the Board on February 2, 2026 (Board meeting resolution).
分析記事 • Feb 07

Thermax Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Thermax Limited ( NSE:THERMAX ) came out with its quarterly results last week, and we wanted to see how the business is...
ナラティブ更新 • Feb 02

THERMAX: Upcoming December Results Will Support Long-Term Upside Potential

Analysts have nudged up their fair value estimate for Thermax to ₹3,438 from ₹3,424, reflecting slightly adjusted assumptions for the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News A board meeting is scheduled on Feb 02, 2026 to consider and approve the unaudited financial results for the quarter ended December 31, 2025.
ナラティブ更新 • Jan 19

THERMAX: Upcoming Earnings Releases Will Support Long-Term Upside Potential

Analysts have slightly reduced their 12 month price target for Thermax to ₹3,424 from about ₹3,464, citing updated assumptions for discount rate, revenue growth, profit margins and future P/E that are now marginally more conservative in their models. What's in the News Board meeting scheduled on Feb 02, 2026 to consider and approve unaudited financial results for the quarter and nine months ended Dec 31, 2025, including segment-wise financials (company filing).
ナラティブ更新 • Jan 05

THERMAX: Merger And Energy Transition Moves Will Drive Long-Term Upside

Analysts have modestly trimmed their price target on Thermax to reflect a lower fair value of ₹4,458 from ₹4,749, citing a slightly higher discount rate, even as they factor in marginally better long term revenue growth, profit margins, and a reduced future P E multiple. What's in the News A board meeting is scheduled on October 17, 2025 to consider the merger by absorption of Buildtech Products India Private Limited with Thermax Limited and their respective shareholders (Key Developments).
分析記事 • Dec 31

Why We're Not Concerned About Thermax Limited's (NSE:THERMAX) Share Price

When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 25x, you may consider...
ナラティブ更新 • Dec 14

THERMAX: Board Actions Will Likely Pressure Margins And Limit Upside Potential

Analysts have trimmed their price target on Thermax by roughly 4 percent to about ₹2,455, citing slightly higher discount rates, mildly softer revenue growth expectations, a modestly lower profit margin outlook and a marginally richer future price to earnings multiple. What's in the News Thermax has scheduled a board meeting on November 11, 2025 to consider and approve unaudited financial results for the quarter and half year ended September 30, 2025, including segment wise financials (company filing).
分析記事 • Dec 10

Thermax (NSE:THERMAX) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
ナラティブ更新 • Nov 29

THERMAX: Upcoming Mergers And New Investments Will Drive Long-Term Upside

Analysts have slightly lowered their price target for Thermax, reducing the fair value estimate from ₹3,562.05 to ₹3,464.35. This change reflects minor adjustments to projected discount rates and revenue growth outlooks.
分析記事 • Nov 19

Thermax's (NSE:THERMAX) Problems Go Beyond Weak Profit

Investors were disappointed by Thermax Limited's ( NSE:THERMAX ) latest earnings release. We did some further digging...
ナラティブ更新 • Nov 14

THERMAX: Upcoming Mergers And Investments Will Support Future Momentum

Analysts have revised their fair value estimate for Thermax downward from ₹3,646.86 to ₹3,562.05. This adjustment is due to lowered expectations for revenue growth and profit margins, as well as a higher discount rate in their updated assessment.
分析記事 • Nov 14

Thermax Limited Just Missed Earnings - But Analysts Have Updated Their Models

Thermax Limited ( NSE:THERMAX ) just released its latest second-quarter report and things are not looking great. It...
分析記事 • Nov 11

We Like These Underlying Return On Capital Trends At Thermax (NSE:THERMAX)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
ナラティブ更新 • Sep 05

Global Green Investments Will Secure A Promising Industrial Future

As both the discount rate and future P/E for Thermax remained virtually unchanged, the consensus analyst price target also held steady at ₹3647. What's in the News Thermax entered a strategic partnership with HydrogenPro, securing exclusive rights in India for the supply, installation, and servicing of hydrogen electrolyser systems and announcing plans for joint technology development, manufacturing integration, and a new test station in Pune.
分析記事 • Aug 27

Pinning Down Thermax Limited's (NSE:THERMAX) P/E Is Difficult Right Now

With a price-to-earnings (or "P/E") ratio of 54.7x Thermax Limited ( NSE:THERMAX ) may be sending very bearish signals...
分析記事 • Aug 03

Thermax Limited Just Beat EPS By 6.4%: Here's What Analysts Think Will Happen Next

Thermax Limited ( NSE:THERMAX ) last week reported its latest first-quarter results, which makes it a good time for...
分析記事 • Jul 30

Thermax (NSE:THERMAX) Is Experiencing Growth In Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
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新しいナラティブ • Dec 04

International Orders And Renewable Energy Expansion To Drive Growth And Boost Profitability

Expansion into international markets and strategic boiler projects can drive revenue growth and improve profit margins.

業績と収益の成長予測

NSEI:THERMAX - アナリストの将来予測と過去の財務データ ( )INR Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
3/31/2029168,60813,58311,10312,4328
3/31/2028148,34311,1096,82813,16021
3/31/2027125,8378,5056,9869,29019
3/31/2026106,9427,205-4,1085,416N/A
12/31/2025103,3196,820N/AN/AN/A
9/30/2025102,2605,937-1,7715,899N/A
6/30/2025103,5456,710N/AN/AN/A
3/31/2025103,8876,3451,40110,428N/A
12/31/2024100,6746,191N/AN/AN/A
9/30/202498,8407,415-3,2995,889N/A
6/30/202495,7497,022N/AN/AN/A
3/31/202493,2356,453-5,9662,473N/A
12/31/202388,7066,109N/AN/AN/A
9/30/202385,9554,988-4,9145,083N/A
6/30/202383,6834,513N/AN/AN/A
3/31/202380,8984,503-2,0474,596N/A
12/31/202277,7093,968N/AN/AN/A
9/30/202273,3643,5019372,495N/A
6/30/202267,3053,289N/AN/AN/A
3/31/202261,2833,1232,4093,247N/A
12/31/202157,1093,171N/AN/AN/A
9/30/202155,0683,2094,8785,646N/A
6/30/202151,7872,643N/AN/AN/A
3/31/202147,9132,0666,8617,695N/A
12/31/202045,3971,383N/AN/AN/A
9/30/202045,3921,4005,8266,560N/A
6/30/202050,0381,344N/AN/AN/A
3/31/202057,3132,1252,7763,256N/A
12/31/201964,8203,003N/AN/AN/A
9/30/201965,0862,904N/A319N/A
6/30/201963,3043,392N/AN/AN/A
3/31/201959,7323,254N/A-1,154N/A
12/31/201853,4252,742N/AN/AN/A
9/30/201850,2292,578N/AN/AN/A
6/30/201846,2832,405N/AN/AN/A
3/31/201844,6492,321N/A5,336N/A
12/31/201745,1231,971N/AN/AN/A
9/30/201743,3931,933N/AN/AN/A
6/30/201743,7582,147N/AN/AN/A
3/31/201744,8312,230N/A3,346N/A
12/31/201648,3212,896N/AN/AN/A
9/30/201651,0362,891N/AN/AN/A
6/30/201652,7302,697N/AN/AN/A
3/31/201651,4502,823N/A2,526N/A
12/31/201553,5482,659N/AN/AN/A
9/30/201556,2182,803N/AN/AN/A

アナリストによる今後の成長予測

収入対貯蓄率: THERMAXの予測収益成長率 (年間18.8% ) は 貯蓄率 ( 6.9% ) を上回っています。

収益対市場: THERMAXの収益 ( 18.8% ) はIndian市場 ( 16.1% ) よりも速いペースで成長すると予測されています。

高成長収益: THERMAXの収益は増加すると予測されていますが、大幅には増加しません。

収益対市場: THERMAXの収益 ( 14% ) Indian市場 ( 12.1% ) よりも速いペースで成長すると予測されています。

高い収益成長: THERMAXの収益 ( 14% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: THERMAXの 自己資本利益率 は、3年後には低くなると予測されています ( 17.7 %)。

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/07/27 22:56
終値2026/07/27 00:00
収益2026/03/31
年間収益2026/03/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Thermax Limited 21 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。47

アナリスト機関
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