Thermax Limited

NSEI:THERMAX 주식 리포트

시가총액: ₹543.9b

Thermax 향후 성장

Future 기준 점검 3/6

Thermax (는) 각각 연간 18.7% 및 13.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 18.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 17.6% 로 예상됩니다.

핵심 정보

18.7%

이익 성장률

18.26%

EPS 성장률

Machinery 이익 성장21.2%
매출 성장률13.9%
향후 자기자본이익률17.63%
애널리스트 커버리지

Good

마지막 업데이트22 Jun 2026

최근 향후 성장 업데이트

분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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

내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
분석 기사 • 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...
내러티브 업데이트 • 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.
분석 기사 • 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...
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
분석 기사 • 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...
내러티브 업데이트 • 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.
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
분석 기사 • 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...
내러티브 업데이트 • 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).
분석 기사 • 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...
내러티브 업데이트 • 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.
분석 기사 • 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...
내러티브 업데이트 • 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.
분석 기사 • 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...
분석 기사 • 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...
내러티브 업데이트 • 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.
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • Jun 28

Thermax (NSE:THERMAX) Is Paying Out A Larger Dividend Than Last Year

Thermax Limited ( NSE:THERMAX ) will increase its dividend from last year's comparable payment on the 1st of January to...
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새로운 내러티브 • 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.

이익 및 매출 성장 예측

NSEI:THERMAX - 애널리스트 향후 추정치 및 과거 재무 데이터 (INR Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
3/31/2029168,36313,53011,10312,3658
3/31/2028148,29411,0726,82813,17421
3/31/2027125,7758,5036,9869,33020
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
6/30/201556,3732,502N/AN/AN/A

애널리스트 향후 성장 전망

수입 대 저축률: THERMAX 의 연간 예상 수익 증가율(18.7%)이 saving rate(6.9%)보다 높습니다.

수익 vs 시장: THERMAX 의 연간 수익(18.7%)이 Indian 시장(16.1%)보다 빠르게 성장할 것으로 예상됩니다.

고성장 수익: THERMAX 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.

수익 대 시장: THERMAX 의 수익(연간 13.9%)이 Indian 시장(연간 10.9%)보다 빠르게 성장할 것으로 예상됩니다.

고성장 매출: THERMAX 의 수익(연간 13.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: THERMAX의 자본 수익률은 3년 후 17.6%로 낮을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/06/26 08:01
종가2026/06/25 00:00
수익2026/03/31
연간 수익2026/03/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
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분석가 컨센서스 추정치+3년
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시장 가격30년
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  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
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주요 개발10년
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분석가 소스

Thermax Limited는 44명의 분석가가 다루고 있습니다. 이 중 21명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

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