Log in

Thermax

NSE: THERMAX · ISIN INE152A01029 · Industrials

₹2,801.00−38.80 (−1.37%)

Monday 9 November, 12:05 IST. Delayed. Source: Yahoo Finance.

Price chart

₹2,801.00 −38.80 (−1.37%) today

The day

Previous close
₹2,839.80
Open
₹2,811.50
Day high
₹2,842.00
Day low
₹2,723.20

Listed on NSE since 30 August 1995.

Key numbers

Market value
₹30,937 Cr
P/E (trailing)
52.61
EPS (trailing)
₹52.20
Price to book
5.58
Dividend yield
0.51%
Debt to equity
0.42
Profit margin
5.5%
Beta
0.42
Volume today
2.44 L
Average volume
2.01 L

Source: Yahoo Finance. Ratios use the latest reported (trailing twelve-month) figures.

Revenue and profit

Annual revenue and profit
YearRevenueNet profitEPS
FY23₹8,033.90 Cr₹450.29 Cr₹39.97
FY24₹9,237.24 Cr₹645.28 Cr₹57.28
FY25₹10,268 Cr₹634.47 Cr₹56.31
FY26₹10,643 Cr₹720.50 Cr₹63.94

Source: Yahoo Finance, from annual reports. Consolidated where reported.

Quarterly results

Results for each quarter, latest first
QuarterRevenueNet profitEPSProfit vs year ago
Q2 FY27Jul–Sep 2026₹2,756 Cr₹115 Cr₹10.16−4.3%
Q1 FY27Apr–Jun 2026₹2,303 Cr₹25 Cr₹2.24−83.4%
Q4 FY26Jan–Mar 2026Audited₹3,428 Cr₹244 Cr₹21.68+18.7%
Q3 FY26Oct–Dec 2025₹2,635 Cr₹204 Cr₹18.12–
Q2 FY26Jul–Sep 2025₹2,474 Cr₹120 Cr₹10.62–
Q1 FY26Apr–Jun 2025₹2,150 Cr₹152 Cr₹13.52–

Source: Thermax’s results filed with NSE, consolidated (the whole group). Net profit is the share of Thermax’s own shareholders where the filing separates it. Profit vs year ago compares with the same quarter a year earlier; – where that quarter is not on file or made a loss.

Download results (zip) A spreadsheet of the quarterly results and balance sheets, with the original filings from NSE.

Balance sheet

What the company owns and owes, latest first
As onSeptember 2026March 2026September 2025
Fixed assets₹4,624 Cr₹4,260 Cr₹3,461 Cr
Investments₹2,276 Cr₹1,774 Cr₹1,445 Cr
Inventories₹1,205 Cr₹910 Cr₹918 Cr
Owed by customers₹1,775 Cr₹2,205 Cr₹2,174 Cr
Cash and equivalents₹603 Cr₹674 Cr₹522 Cr
Total assets₹13,941 Cr₹13,282 Cr₹12,188 Cr
Borrowings₹2,842 Cr₹2,288 Cr₹1,758 Cr
Total liabilities₹8,423 Cr₹7,703 Cr₹7,128 Cr
Shareholders’ equity₹5,484 Cr₹5,550 Cr₹5,052 Cr

Source: Thermax’s half-yearly statements of assets and liabilities filed with NSE, consolidated. Companies file these every September and March.

About Thermax

Thermax Limited, together with its subsidiaries, provides energy and environment solutions in India and internationally. The company is involved in the manufacturing, installation, sales, and services related to boilers and heating equipment, absorption chiller/heat pumps, air pollution control equipment/systems, water and waste recycling; and provision of associated services and engineering, procurement, and construction (EPC). It also provides EPC of power plants, infra projects, and flue gas desulphurisation projects; manufactures, installs, sells, and services related to ion exchange resins, performance chemicals, construction chemicals, water treatment chemicals, oil field chemicals, paper and construction chemicals, and related services; and builds, owns and operates models, energy management solutions, oil and gas-fired, green hydrogen project, and solar and wind renewable energy. In addition, the company is involved in the supply and erection commissioning of aircooled condenser, rotary air preheater, electrostatic precipitator, and bag houses; installation of industrial machinery and equipment; investment and flooring chemical businesses; own and lease out property; and manufacturing steam trap systems. Further, it provides technical assistance, marketing and sales support, supervision for project business, and operation and maintenance services, as well as turnkey solutions. It serves agriculture and allied, automobile and auto, components, bio-CNG, biotechnology, brewery and distillery, cement, chemicals, construction, engineering and capital, goods, ethanol, fertiliser and agro, FMCG, food and beverages, healthcare, hospitality, infrastructure, IT and data centres, manufacturing, medical devices, metals, oil and gas, paper and pulp, pharmaceuticals, power, renewable energy, rubber, and semiconductors industries. Thermax Limited was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

Industry
Conglomerates
Based in
Pune
Employees
3,962

Company website · Profile: Yahoo Finance

In the news

All news

Dividends and corporate actions

All companies
  • Dividend - Rs 14 Per Share/Special Dividend - Rs 6 Per Share

    Dividend · ex-date 3 July 2026

  • Dividend - Rs 14 Per Share

    Dividend · ex-date 4 July 2025

  • Dividend - Rs 12 Per Share

    Dividend · ex-date 5 July 2024

  • Dividend - Rs 10 Per Share

    Dividend · ex-date 21 July 2023

  • Dividend - Rs 9 Per Share

    Dividend · ex-date 21 July 2022 · record date 22 July 2022

  • Dividend - Rs 7 Per Share

    Dividend · ex-date 22 July 2021 · record date 23 July 2021

  • Interim Dividend - Rs 7 Per Share

    Dividend · ex-date 20 March 2020 · record date 23 March 2020

  • Annual General Meeting/Dividend Rs 7 Per Share

    Dividend · ex-date 25 July 2019 · record date 27 July 2019

Source: NSE. Latest first, 8 of 20.

Information only, not investment advice. Prices are delayed.

ShareWhatsAppTelegram

Open inZerodha ↗Groww ↗Angel One ↗For convenience only: no referral, not a recommendation.