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 percentage | n/a |
| CEO tenure | 4.3yrs |
| CEO ownership | n/a |
| Management average tenure | 2.8yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Dec 13
Thermax's (NSE:THERMAX) Shareholders Should Assess Earnings With Caution
Nov 21The Returns At Thermax (NSE:THERMAX) Aren't Growing
Nov 09Thermax Limited's (NSE:THERMAX) Share Price Matching Investor Opinion
Oct 13Thermax Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 04Thermax (NSE:THERMAX) Has Some Way To Go To Become A Multi-Bagger
Aug 02Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 02Thermax (NSE:THERMAX) Has Some Way To Go To Become A Multi-Bagger
May 03Revenues Tell The Story For Thermax Limited (NSE:THERMAX) As Its Stock Soars 26%
Apr 06Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Mar 24Thermax Limited's (NSE:THERMAX) Share Price Matching Investor Opinion
Jan 08CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | ₹7b |
| Jun 30 2024 | n/a | n/a | ₹7b |
| Mar 31 2024 | n/a | n/a | ₹6b |
| Dec 31 2023 | n/a | n/a | ₹6b |
| Sep 30 2023 | n/a | n/a | ₹5b |
| Jun 30 2023 | n/a | n/a | ₹5b |
| Mar 31 2023 | ₹90m | ₹59m | ₹5b |
| Dec 31 2022 | n/a | n/a | ₹4b |
| Sep 30 2022 | n/a | n/a | ₹4b |
| Jun 30 2022 | n/a | n/a | ₹3b |
| Mar 31 2022 | ₹71m | ₹52m | ₹3b |
| Dec 31 2021 | n/a | n/a | ₹3b |
| Sep 30 2021 | n/a | n/a | ₹3b |
| Jun 30 2021 | n/a | n/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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive VP & Group CFO | 5.5yrs | ₹23.00m | no data | |
| Company Secretary & Compliance Officer | 3.3yrs | ₹4.90m | no data | |
| MD, CEO & Additional Director | 4.3yrs | ₹90.29m | no data | |
| Chief Technology Officer | less than a year | no data | no data | |
| Executive VP and Chief Digital & Information Officer | 2.2yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 4.1yrs | no data | no data | |
| President of TBWES and P&ES | 9.4yrs | no data | no data | |
| President of Industrial Products Business | 12.9yrs | no data | no data | |
| Executive VP & BU Head of Chemical | 2.3yrs | no data | no data | |
| Executive VP and BU Head of P&ES | 2.3yrs | no data | no data | |
| Executive Vice President | less than a year | no data | no data | |
| Head of Business Unit and New Energy & Strategy | less than a year | no data | no data |
2.8yrs
Average Tenure
Experienced Management: THERMAX's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Additional Director | 4.5yrs | ₹90.29m | no data | |
| Independent Director | 8.1yrs | ₹2.89m | no data | |
| Independent Director | 7.6yrs | ₹2.71m | no data | |
| Chairperson | 28.3yrs | ₹5.61m | no data | |
| Non-Executive Director | 23.9yrs | ₹3.10m | 0.0053% ₹ 26.7m | |
| Independent Director | 3.1yrs | ₹1.47m | no data | |
| Independent Director | 6.1yrs | ₹2.89m | no data | |
| Non-Executive Independent Director | 1.2yrs | ₹530.00k | no data |
6.8yrs
Average Tenure
59.5yo
Average Age
Experienced Board: THERMAX's board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 01:14 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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 |
|
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| 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 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.
| Analyst | Institution |
|---|---|
| null null | Anand Rathi Shares and Stock Brokers Limited |
| Amol Rao | Anand Rathi Shares and Stock Brokers Limited |
| Puneet Bambha | Angel Broking Private Limited |