Thermax Limited

BSE:500411 Stock Report

Market Cap: ₹500.3b

Thermax Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Ashish Bhandari

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure4.3yrs
CEO ownershipn/a
Management average tenure2.8yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ashish Bhandari's remuneration changed compared to Thermax's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹7b

Jun 30 2024n/an/a

₹7b

Mar 31 2024n/an/a

₹6b

Dec 31 2023n/an/a

₹6b

Sep 30 2023n/an/a

₹5b

Jun 30 2023n/an/a

₹5b

Mar 31 2023₹90m₹59m

₹5b

Dec 31 2022n/an/a

₹4b

Sep 30 2022n/an/a

₹4b

Jun 30 2022n/an/a

₹3b

Mar 31 2022₹71m₹52m

₹3b

Dec 31 2021n/an/a

₹3b

Sep 30 2021n/an/a

₹3b

Jun 30 2021n/an/a

₹3b

Mar 31 2021₹74m₹56m

₹2b

Compensation vs Market: Insufficient data to establish whether Ashish's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Ashish's compensation has increased by more than 20% in the past year.

CEO

Ashish Bhandari (53 yo)

4.3yrs

Tenure

₹90,288,230

Compensation

Mr. Ashish Bhandari serves as Managing Director & Chief Executive Officer at Thermax Limited since June 18, 2020. He served as Additional Director at Thermax Limited since June 18, 2020. He served as Joint...

Leadership Team

NamePositionTenureCompensationOwnership
Rajendran Arunachalam
Executive VP & Group CFO5.5yrs₹23.00mno data
Khele Kishor
Company Secretary & Compliance Officer3.3yrs₹4.90mno data
Ashish Bhandari
MD, CEO & Additional Director4.3yrs₹90.29mno data
Santanu Chaudhuri
Chief Technology Officerless than a yearno datano data
Amit Sethi
Executive VP and Chief Digital & Information Officer2.2yrsno datano data
Jasmeet Bhatia
Executive VP & Chief Human Resources Officer4.1yrsno datano data
Pravin Karve
President of TBWES and P&ES9.4yrsno datano data
B. Mahesh
President of Industrial Products Business12.9yrsno datano data
Dinesh Mandhana
Executive VP & BU Head of Chemical2.3yrsno datano data
Kirtiraj Jilkar
Executive VP and BU Head of P&ES2.3yrsno datano data
B. Rajesh
Executive Vice Presidentless than a yearno datano data
Arun Unni
Head of Business Unit and New Energy & Strategyless than a yearno datano data

2.8yrs

Average Tenure

Experienced Management: 500411's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ashish Bhandari
MD, CEO & Additional Director4.5yrs₹90.29mno data
Harshraj Mariwala
Independent Director8.1yrs₹2.89mno data
Sashishekhar Pandit
Independent Director7.6yrs₹2.71mno data
Meher Pudumjee
Chairperson28.3yrs₹5.61mno data
Pheroz Pudumjee
Non-Executive Director23.9yrs₹3.10m0.0053%
₹ 26.7m
Ravi Gopinath
Independent Director3.1yrs₹1.47mno data
Rajani Kesari
Independent Director6.1yrs₹2.89mno data
Shyamak Tata
Non-Executive Independent Director1.2yrs₹530.00kno data

6.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 500411's board of directors are considered experienced (6.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 06:26
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Thermax Limited is covered by 53 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Amol RaoAnand Rathi Shares and Stock Brokers Limited
Puneet BambhaAngel Broking Private Limited