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NSE · Equity shares · Misc. Capital Goods

Thermax THERMAX

NSE:INR 3,991Recorded price
BSE:INR 4,003.7Recorded price
Not available · Not available
Advanced chart
Data quality and coveragePrice, company fundamentals and optional research feeds are tracked separately.
Headline priceStale · last-known data
Company fundamentalsStale · last-known data
Research sections8 of 9 availableMissing source values remain unavailable, never zero-filled.
Snapshot

Price and key statistics

Reported and computed values remain separate; missing values are not converted to zero.

Previous closeData unavailable
Day rangeINR 3,974.2 — INR 4,060
52-week rangeINR 2,740.85 — INR 5,270.55
VolumeNot available
Market cap47,706.61
P/E97.85
Fundamental highlightsReported values unless marked as computed
Revenue (INR Cr)10,694.15
Net Income (INR Cr)720.5
Rev Growth (5 Year %)17.42
EPS Growth (5 Year %)28.37
P/E Ratio97.85
EPS63.52

Research path: Interpret Thermax's snapshot alongside the wider market dashboard, the financial-statement research guide and the valuation-ratios field guide.

AI and Advanced

AI analysis and Advanced tools for THERMAX

Analysis, reports, chat and Advanced access use the same Rusaka Markets account. The backend remains authoritative for roles, subscriptions, credits and permissions.

AI analysisReview the complete evidence-led AI research workflow.Generate reportCreate a versioned report with entitlement and credit checks.Open AI ChatContinue a grounded conversation with the instrument in context.Advanced modulesOpen role- and entitlement-controlled portfolio and trading tools.
Validated OHLC

Interactive price chart

Crosshair, OHLCV tooltip, indicators, volume, zoom and pan use the same candle API as the advanced workspace.

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Interactive price chartInteractive chart loads when this section is visible.
Auditable calculations

Daily technical summary

Calculated from validated daily candles. Descriptive research only.

Calculating technicals…

Indicators describe price behaviour and volatility; they are not a BUY, NEUTRAL or SELL recommendation.

Company reporting

Financial statements

IND AS · INR crore

Metric202620252024
Total Liabilities Shareholders' Equity13,282.1111,412.0910,153.01
Accumulated Depreciation Total-1,303.74-1,132.82-1,014
Cash Equivalents441.21212.55252.48
Other Liabilities Total169.04249.93169.69
Accrued Expenses254.64245.44227.47
Long Term Debt1,615.831,161.55789.48
Common Stock Total23.8323.8323.83
Other Equity Total35.255.7751.19
Other Current Assets Total659.51709.6673.49
Prepaid Expenses43.9234.9933.56
Total Assets13,282.1111,412.0910,153.01
Current Portof LT Debt/Capital Leases679.16537.28471.54
Additional Paid-In Capital67.1764.5558.71
Cash229.61199.89234.1
Total Equity5,549.974,936.894,439.8
Long Term Investments802.01379.37452.04
Retained Earnings(Accumulated Deficit)5,425.074,794.044,307.38
Treasury Stock-Common-1.3-1.3-1.31
Total Common Shares Outstanding11.9211.9211.92
Property/Plant/Equipment Total-Gross5,563.454,308.853,407.84
Tangible Book Valueper Share Common Eq446.5398.17369.49
Goodwill Net80.1980.193.03
Total Liabilities7,732.146,475.25,713.21
Total Debt2,352.531,717.661,277.43
Short Term Investments1,767.312,302.331,851.59
Cashand Short Term Investments2,438.132,714.772,338.17
Total Receivables Net3,388.392,763.392,806.33
Notes Payable/Short Term Debt000
Deferred Income Tax40.1530.0412.28
Accounts Receivable-Trade Net2,977.922,484.962,605.15
Property/Plant/Equipment Total-Net4,259.713,176.032,393.84
Minority Interest29.225.690
Total Current Liabilities5,820.365,009.164,725.35
Total Inventory578.85473.3596.53
Accounts Payable2,057.381,692.881,532.89
Other Currentliabilities Total2,829.182,533.562,493.45
Total Long Term Debt1,673.371,180.38805.89
Intangibles Net149.51112.2534.04
Other Long Term Assets Total229.33186.44139.15
Note Receivable-Long Term652.56781.76682.83
Total Current Assets7,108.86,696.056,448.08
Capital Lease Obligations57.5418.8316.41
Fundamentals

Valuation and ratios

Valuation

PEG Ratio4.56

Price to Sale Ratio4.46

Growth

Debt 5Yr CAGR %48.31

Margins

Operating Margin 12m6.72

Operating Margin 5y Avg6.79

Net Profit Margin 12m5.45

Net Profit Margin 5y6.17

Yield

Dividend Yield %0.34

Risk and consensus

Source-qualified signals

Risk metrics

Overall RiskBalanced risk

Board Risk43.2

Analyst consensus

ConsensusHold

Consensus score2.95

Analyst opinions19

Strong Sell count3

Sell count2

Hold count8

Buy count3

Strong Buy count3

Provider consensus uses a 1 (Strong Buy) to 5 (Strong Sell) score. The payload does not include price targets, so none are inferred from 52-week prices or recommendation percentages.
Industry context

Peer comparison

Only peers present in the company profile payload are displayed.

CompanyPriceMarket capP/EResearch
Bharat Heavy ElectricalsINR 4111.43 L92.39—
Suzlon EnergyINR 48.2266,272.4322.83—
VoltasINR 1,278.542,303.62112.53—
AIA EngineeringINR 4,798.844,782.5834.07—
Blue StarINR 1,57532,384.3362.06—
Shareholding

Ownership

Promoter
61.98%
FII
11.46%
MF
12.86%
Other
13.70%
Company intelligence

Latest relevant news

Source, timestamp and external destination are shown. Provider relevance scores are not available.

Top Gainers & Losers on July 21: Karur Vysya Bank, TVS Motor, Zen Tech, Meesho, Thermax among top gainers todayMarket news · 21 Jul 2026, 3:46 pm

The Indian stock market remained range-bound due to fragile investor sentiment amid West Asian tensions. Despite modest losses in benchmark indices, broader markets performed well, supported by select sectors.

Top Gainers & Losers on 9 July: Kalyan Jewellers, Swiggy, Kaynes Tech, Anant Raj, Thermax among top gainersMarket news · 9 Jul 2026, 3:43 pm

The Indian stock market showed a modest recovery on July 9, with major indices ending slightly higher after a significant decline. Positive momentum early on faded as investors took profits, resulting in the Nifty 50 rising 0.34% and the Sensex up 0.31%. The broader market performed better.

Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainersMarket news · 6 Jul 2026, 3:36 pm

Indian stock markets rose on July 6, with benchmark indices gaining over 0.60%. The Nifty 50 closed 0.66% higher at 24,420, while Sensex advanced 0.67% to 78,236. HDFC Bank and Axis Bank drove gains, while Nifty Realty led sectoral increases with a 2% rise.

Top Gainers & Losers on June 3: TCS, Coforge, PB Fintech, JM Financial, Tata Elxsi, Thermax among top losers todayMarket news · 3 Jun 2026, 3:52 pm

The Indian stock market fell on June 3, with the Nifty 50 down 0.36% and the Sensex down 0.54%. Rising crude oil prices and escalating Middle East tensions contributed to the decline, impacting investor confidence and market sentiment.

Multibagger Thermax stock jumps 14% to fresh record high after strong Q4 performanceMarket news · 8 May 2026, 2:57 pm

Thermax shares surged 14% to ₹ 4,759 after a strong March quarter, with an 18% profit increase to ₹ 244 crore. FY26 revenue rose 3% to ₹ 10,694 crore, with a 27% increase in order balance. The company also announced dividends totaling ₹ 20 per share.

Stock market today: Gift Nifty signals gap-up start; election results, India VIX to Q4 results — 7 stocks to buy or sellMarket news · 4 May 2026, 8:06 am

Stock market today: Experts recommend these eight stocks to buy today —Sona Blw Precision Forgings, Sai Life Sciences, Reliance, SAIL, GPPL, Thermax, and Tata Capital

Corporate actions

Events

  1. board MeetingsQuarterly Results
  2. annual General MeetingAGM
  3. dividendRs.14.0000 per share(700%)Final Dividend
  4. dividendRs.6.0000 per share(300%)Special Dividend
  5. board MeetingsAudited Results & Final Dividend
  6. board MeetingsQuarterly Results
  7. board MeetingsQuarterly Results
  8. board MeetingsTo consioder other business matters.
  9. board MeetingsQuarterly Results
  10. annual General MeetingAGM
  11. dividendRs.14.0000 per share(700%)Final Dividend
  12. board MeetingsAudited Results & Final Dividend
  13. annual General MeetingPOM
  14. board MeetingsQuarterly Results
  15. board MeetingsQuarterly Results
  16. board MeetingsQuarterly Results
  17. annual General MeetingAGM
  18. dividendRs.12.0000 per share(600%)Dividend
  19. board MeetingsAudited Results & Dividend
  20. board MeetingsQuarterly Results
Rusaka Markets Community

Discussion and sentiment for Thermax

Posts are linked to the canonical company record. Community BUY, NEUTRAL and SELL opinions are user-generated, moderated and separate from analyst consensus and Rusaka Markets AI.

Rusaka Markets Community

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Company profile

Business information

What the company does

Thermax Limited is an India-based energy and environment solutions provider. The Company's segments include Industrial Products, Industrial Infra, Green Solutions and Chemical. Industrial Products segment includes air pollution control, cooling, heating, water and waste solutions, and specialized services. Industrial Infra segment includes boilers and fired heaters, projects and energy solutions, and specialized services. Green Solutions segment includes build-own-operate, energy management solutions, green hydrogen projects and renewable energy (solar/wind). Chemical segment includes construction chemicals, ion exchange resins, oil field chemicals and performance chemicals. Its Thermax EDGE Live is a digital solution that uses AI and machine learning to analyze data from all industrial equipment worldwide and help clients to optimize asset performance in terms of up time and efficiency. It serves various industries, including aviation, construction, biotechnology and chemicals.

Company facts

Industry
Misc. Capital Goods
Sector
Misc. Capital Goods
NSE Code
THERMAX
BSE Code
500411
Questions

Stock FAQ

What is the symbol and ISIN of Thermax?

Thermax has the symbol THERMAX and ISIN - INE152A01029.

What is the latest recorded price of Thermax?

The latest available recorded price of Thermax is INR 3,991.00 as of 2026-08-06T20:47:45.169Z. This is a source-stamped snapshot, not a live quote.

What are the year high and year low of Thermax?

Year high: INR 5,270.55. Year low: INR 2,740.85.

What is the market capitalization of Thermax?

Market capitalization: INR 47,706.61 crore.

What is the P/E ratio of Thermax?

P/E ratio: 97.85.

What is the dividend yield of Thermax?

Dividend yield: 0.34%.

How is the financial performance of Thermax based on revenue, net income, and EPS?

Revenue: INR 10,694.15 crore. Net income: INR 720.50 crore. EPS: INR 51.88.

What are the price-to-book and price-to-sales ratios of Thermax?

Price-to-book ratio is unavailable in the current source. Price-to-sales ratio: 4.46.

Corporate-action adjustment is provider-defined. Rusaka Markets research and computed indicators are not investment advice.