Thermax (THERMAX) Stock Overview
Provides energy, environmental, and chemical solutions in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
THERMAX Community Fair Values
Create NarrativeSee what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Thermax Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹4,185.20 |
| 52 Week High | ₹4,305.00 |
| 52 Week Low | ₹2,742.70 |
| Beta | 0.0067 |
| 1 Month Change | 29.68% |
| 3 Month Change | 43.26% |
| 1 Year Change | 22.32% |
| 3 Year Change | 83.10% |
| 5 Year Change | 196.66% |
| Change since IPO | 6,610.28% |
Recent News & Updates
Recent updates
Thermax Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Feb 07
Why We're Not Concerned About Thermax Limited's (NSE:THERMAX) Share Price
Dec 31Thermax (NSE:THERMAX) Has A Pretty Healthy Balance Sheet
Dec 10Thermax's (NSE:THERMAX) Problems Go Beyond Weak Profit
Nov 19Thermax Limited Just Missed Earnings - But Analysts Have Updated Their Models
Nov 14We Like These Underlying Return On Capital Trends At Thermax (NSE:THERMAX)
Nov 11Pinning Down Thermax Limited's (NSE:THERMAX) P/E Is Difficult Right Now
Aug 27Thermax Limited Just Beat EPS By 6.4%: Here's What Analysts Think Will Happen Next
Aug 03Thermax (NSE:THERMAX) Is Experiencing Growth In Returns On Capital
Jul 30Thermax (NSE:THERMAX) Is Paying Out A Larger Dividend Than Last Year
Jun 28Thermax (NSE:THERMAX) Seems To Use Debt Quite Sensibly
Jun 18Thermax's (NSE:THERMAX) Upcoming Dividend Will Be Larger Than Last Year's
May 27Thermax Limited (NSE:THERMAX) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates
May 14Thermax's (NSE:THERMAX) Upcoming Dividend Will Be Larger Than Last Year's
May 13
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.Shareholder Returns
| THERMAX | IN Machinery | IN Market | |
|---|---|---|---|
| 7D | 8.1% | 3.0% | 2.9% |
| 1Y | 22.3% | 21.0% | 5.5% |
Return vs Industry: THERMAX exceeded the Indian Machinery industry which returned 21% over the past year.
Return vs Market: THERMAX exceeded the Indian Market which returned 5.5% over the past year.
Price Volatility
| THERMAX volatility | |
|---|---|
| THERMAX Average Weekly Movement | 5.5% |
| Machinery Industry Average Movement | 7.6% |
| Market Average Movement | 7.4% |
| 10% most volatile stocks in IN Market | 10.4% |
| 10% least volatile stocks in IN Market | 4.8% |
Stable Share Price: THERMAX has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: THERMAX's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1966 | 5,601 | Ashish Bhandari | www.thermaxglobal.com |
Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction.
Thermax Limited Fundamentals Summary
| THERMAX fundamental statistics | |
|---|---|
| Market cap | ₹471.42b |
| Earnings (TTM) | ₹6.82b |
| Revenue (TTM) | ₹103.32b |
Is THERMAX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| THERMAX income statement (TTM) | |
|---|---|
| Revenue | ₹103.32b |
| Cost of Revenue | ₹54.74b |
| Gross Profit | ₹48.58b |
| Other Expenses | ₹41.76b |
| Earnings | ₹6.82b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 07, 2026
| Earnings per share (EPS) | 60.54 |
| Gross Margin | 47.02% |
| Net Profit Margin | 6.60% |
| Debt/Equity Ratio | 35.8% |
How did THERMAX perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/20 23:33 |
| End of Day Share Price | 2026/04/20 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
Thermax Limited is covered by 53 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amol Rao | Anand Rathi Shares and Stock Brokers Limited |
| null null | Anand Rathi Shares and Stock Brokers Limited |
| null null | Antique Stockbroking Ltd. |