Thermax Ltd share price logo

Thermax Ltd

NSE: THERMAX

BSE: 500411

Mid Cap

Capital Goods Sector

Power Sector

₹4129.70

-176.30

(-4.09%)

as on

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Tech Chart

Thermax Stock Performance

as on August 3, 2026 at 5:22 pm IST

  • Day's Low

    Day's High

    ₹4,070.80
    ₹4,319.00
    downward going graph

    1.43%

    Downside

    4.58%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    ₹2,742.70
    ₹5,277.80
    downward going graph

    33.59%

    Downside

    27.80%

    Upside

    downward going graph

Thermax share price movements today

Previous Close
₹4,306.00
Open
₹4,129.70
Volume
3.95L
Upper Circuit
₹5,167.20
Lower Circuit
₹3,444.80
Day's Low - High
₹4,070.80 - ₹4,319.00
52 Week Low - High
₹2,742.70 - ₹5,277.80

Thermax Historical Returns

1 Month Return
-6.54 %
3 Month Return
+ 3.02 %
1 Year Return
+ 21.67 %
3 Year Return
+ 70.2 %
5 Year Return
+ 207.24 %

Thermax Fundamentals

as on August 3, 2026 at 11:52 am IST

Market Cap

₹51,308.70 Cr

Return on Equity (ROE)

11.35

PE Ratio (TTM)

81.77

Return on capital employed (ROCE)

15.45

Industry PE ratio

72.11

Beta (LTM)

0.51

P/B Ratio

8.85

Dividend Yield

0.06

PEG Ratio

-11.82

Quarterly Earnings Growth YOY

-85.61

EPS (TTM)

63.94

Book Value

492.67

Thermax Stock Valuation

as on August 3, 2026 at 11:52 am IST

Thermax in the last 5 years

  • Overview

  • Trends

Lowest (25.41x)

March 23, 2020

Industry (72.11x)

July 31, 2026

Today (81.77x)

July 31, 2026

Highest (116.86x)

March 10, 2021

LowHigh

Today’s Price to Earnings Ratio: 81.77x

Thermax Technical Analysis

Track how Thermax technical analysis has moved over time to understand its trends.

1 min
5 min
15 min
30 min
1 day
1 week
1 month

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Moving Averages

Bearish

Neutral

Bullish

Bearish

Oscillators

Bearish

Neutral

Bullish

Bearish

Overall

Bearish14
Bullish
Neutral1

Oscillators

Name

Value

Action

MACD level (12,26)
-2.34
Bearish
CCI (20)
625.13
Bearish
RSI (14)
38.68
Neutral
Momentum (10)
-8.7
Bearish
ADI (14)
38.02
Bearish
Ultimate Oscillator (7,14,28)
29.35
Bearish

Moving Averages

Name

Value

Action

SMA (20)
4128.39
Bearish
EMA (20)
4127.55
Bearish
VWMA (20)
4127.18
Bearish
SMA (50)
4129.83
Bearish
EMA (50)
4131.68
Bearish
SMA (200)
4160.52
Bearish
EMA (200)
4136.92
Bearish
KAMA (200)
4129.83
Bearish
DEMA (200)
4150.57
Bearish

Thermax Ltd vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of Thermax with its industry peers.

Company
Analyst View
Market Cap(in ₹ Cr)
5 Year CAGRDebt to Asset Ratio
Net Profit(in ₹ Cr)
Yearly Revenue(in ₹ Cr)
Thermax Ltd image
Thermax Ltd
HOLD51,308.7041.45%0.6672010,774
AIA Engineering Ltd image
AIA Engineering Ltd
BUY42,843.3826.02%0.531,0604,290
Cummins India Ltd image
Cummins India Ltd
HOLD1,52,986.68101.34%0.522,36112,143
Bharat Heavy Electricals Ltd image
Bharat Heavy Electricals Ltd
HOLD1,41,719.98117.73%0.751,60033,782
ABB India Ltd image
ABB India Ltd
SELL1,54,364.6667.2%0.511,66813,202
See all

Market expectation of Thermax Stock

Common consensus of the market based on various publicly available news, publications,brokerage expectation and market data

HOLD

25.00%

Buy

45.00%

Hold

30.00%

Sell

Thermax Stock’s Investor Sentiment and Interest

Investment in Thermax Ltd Shares on INDmoney has grown by 79.42% over the past 30 days, indicating increased transactional activity.

Time period: to

Change:79.42% versus previous 30 day period

Search interest for Thermax Ltd Stock has increased by 36% in the last 30 days, reflecting an upward trend in search activity.

Time period: to

Change:36% versus previous 30 day period

Thermax Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sales
2,302.46
2,324.36
2,763.68
2,184.41
2,615.69
2,528.72
3,046.4
2,157.53
2,473.9
2,634.68
3,428.04
2,302.73
Other Income
65.86
184.52
55.4
84.09
59.77
31.51
77.56
65.63
85.41
121.48
56.18
68.19
Total Income
2,368.32
2,508.88
2,819.08
2,268.5
2,675.46
2,560.23
3,123.96
2,223.16
2,559.31
2,756.16
3,484.22
2,370.92
Expenses
2,098.09
2,137.27
2,490.53
2,043.68
2,337.75
2,340.23
2,746.73
1,932.61
2,302
2,379.97
3,053.73
2,234.11
Operating Profit
204.37
187.09
273.15
140.73
277.94
188.49
299.67
224.92
171.9
254.71
374.31
68.62
Operating Profit Margin %
8.88%
8.05%
9.88%
6.44%
10.63%
7.45%
9.84%
10.42%
6.95%
9.67%
10.92%
2.98%
Profit Before Interest, Tax and Depreciation
270.23
371.61
328.55
224.82
337.71
220
377.23
290.55
257.31
376.19
430.49
136.81
Interest
19.8
26.61
27.81
27.48
29.39
28.66
31.25
30.2
32.17
34.24
42.35
35.15
Depreciation
32.96
35.84
49.88
36.03
42.07
35.07
45.34
48.88
51.47
53.28
54.01
59.52
Profit Before Tax
217.47
309.16
250.86
161.31
266.25
156.27
300.64
211.47
173.67
288.67
334.13
42.14
Tax Paid
58.87
72.1
63.28
51.89
68.25
42.54
95.09
60.02
54.27
83.66
89.73
20.35
Profit After Tax
158.6
237.06
187.58
109.42
198
113.73
205.55
151.45
119.4
205.01
244.4
21.79
Total Net profit including share of profit / Loss from associate company
158.6
237.06
187.58
109.42
198
113.73
205.55
151.45
119.4
205.01
244.4
21.79
EPS
14
21.17
16.9
10.28
17.49
10.29
18.27
13.53
10.62
18.12
21.68
2.24
Actual EPS
14
21.17
16.9
10.28
17.49
10.29
18.27
13.53
10.62
18.12
21.68
2.24
Adjusted EPS
14
21.17
16.9
10.28
17.49
10.29
18.27
13.53
10.62
18.12
21.68
2.24
Diluted EPS
14
21.17
16.88
10.28
17.49
10.29
18.26
13.52
10.62
18.12
21.68
2.24

Thermax Ltd Annual Profit & Loss

Figures in Rupees Crores

Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Sales
4,464.88
5,973.17
5,731.31
4,791.25
6,128.33
8,089.81
9,323.46
10,369.26
10,694.15
Other Income
116.39
149.88
100
107.74
127.14
160.18
308.06
252.22
328.69
Total Income
4,581.27
6,123.05
5,831.31
4,898.99
6,255.47
8,249.99
9,631.52
10,621.48
11,022.84
Expenses
4,089.13
5,606.34
5,325.13
4,488.59
5,706.96
7,492.48
8,526.89
9,461.72
9,668.3
Operating Profit
375.75
366.83
406.18
302.66
421.37
597.33
796.57
907.54
1,025.85
Operating Profit Margin %
8.42%
6.14%
7.09%
6.32%
6.88%
7.38%
8.54%
8.75%
9.59%
Profit Before Interest, Tax and Depreciation
492.14
516.71
506.18
410.4
548.51
757.51
1,104.63
1,159.76
1,354.54
Interest
12.85
14.32
15.02
20.64
25.17
37.59
87.59
116.78
138.96
Depreciation
82.44
92.02
116.63
114.57
113.24
116.86
148.08
158.51
207.64
Profit Before Tax
396.85
410.37
374.53
275.19
410.1
603.06
868.96
884.47
1,007.94
Tax Paid
165.75
84.94
162.08
68.61
97.79
152.36
225.77
257.77
287.68
Profit After Tax
231.1
325.43
212.45
206.58
312.31
450.7
643.19
626.7
720.26
Total Net profit including share of profit / Loss from associate company
231.1
325.43
212.45
206.58
312.31
450.7
643.19
626.7
720.26
EPS
20.61
28.9
18.87
18.34
27.73
39.98
57.3
56.33
63.95
Actual EPS
20.61
28.9
18.87
18.34
27.73
39.98
57.3
56.33
63.95
Adjusted EPS
20.61
28.9
18.87
18.34
27.73
39.98
57.3
56.33
63.95
Diluted EPS
20.61
28.9
18.87
18.34
27.73
39.98
57.28
56.31
63.94

Thermax Ltd Cash Flow

Figures in Rupees Crores

Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Net Cash from Operating Activities
252.58
334.58
533.59
-115.42
325.58
769.48
324.71
459.56
247.3
1,079.79
541.55
Cash Flow from Investing Activities
-127.11
-99.33
-506.55
245.98
-163.85
-653.51
-508.03
-663.81
-513.68
-1,257.22
-564.82
Cash Flow from Financing Activities
-112.25
-125.58
-20.32
-65.37
-232.45
77.24
-20.58
348.54
285.4
122.52
247.63
Net Cash Flow
13.22
109.67
6.72
85.19
-46.89
219.81
-115.37
144.29
19.02
-54.91
224.36

Thermax Stock Shareholding Pattern

Numbers in percentages

Sep 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Promoters
61.98%
61.98%
61.98%
61.98%
61.98%
61.98%
61.98%
61.98%
61.98%
61.98%
61.98%
DII
15.46%
15.82%
12.88%
12.72%
12.66%
12.25%
11.75%
13.95%
14.84%
15.49%
15.22%
FII
0%
12.24%
15.14%
15.38%
15.49%
15.86%
16.02%
13.44%
12.36%
11.24%
11.46%
Public
4.53%
4.48%
4.5%
4.44%
4.4%
4.44%
4.79%
5.16%
5.36%
5.82%
5.88%
Total Outstanding Shares
11,91,56,300
11,91,56,300
11,91,56,300
11,91,56,300
11,91,56,300
11,91,56,300
11,91,56,300
11,91,56,300
11,91,56,300
11,91,56,300
11,91,56,300
Total Shareholders
35,616
40,819
48,966
51,876
50,755
53,687
62,986
71,208
77,455
89,964
91,857

Mutual Funds that own Thermax Stock

Check out the Mutual Funds with significant holdings in Thermax.

Thermax Corporate Actions

View detailed summary of the earnings and dividend history of Thermax.

  • Thermax Ltd Earnings Results

    Thermax Ltd’s net profit fell -83.44% since last year same period to ₹25.24Cr in the Q1 2026-2027. On a quarterly growth basis, Thermax Ltd has generated -89.67% fall in its net profits since last 3-months.

    Read More about Earnings Results

  • Thermax Ltd Dividends May,2026

    In the quarter ending March 2026, Thermax Ltd has declared dividend of ₹6.00 per share on 07 May 2026 - translating a dividend yield of 0.79%.

    Read More about Dividends

Thermax News & Key Events

  • img

    Today's Timeline - 03 August

    05:35 AM

    -

    Thermax faced shipping delays, unable to recognize revenue on Rs 300 crore equipment due to customer acceptance issues in the Middle East.

    11:22 AM

    -

    Prabhudas Lilladher recommends reduce rating on Thermax, citing weak performance and revised EPS estimates due to various challenges.

Indices Featuring Thermax Stock

Check stock indices that include Thermax.

Nifty Midcap 150

₹23,348.05

209.60 (▲0.91%)

S&P BSE 400 MidSmallCap

₹12,807.80

138.36 (▲1.09%)

S&P BSE POWER

₹7,715.99

47.18 (▲0.62%)

Nifty MidSmallcap 400

₹21,467.45

233.25 (▲1.10%)

Nifty Energy

₹38,856.45

126.90 (▲0.33%)

S&P BSE 250 LargeMidCap

₹10,972.40

101.21 (▲0.93%)

Nifty LargeMidcap 250

₹16,948.50

151.65 (▲0.90%)

BSE 500

₹37,046.42

361.59 (▲0.99%)

S&P BSE Indus.

₹16,230.63

210.47 (▲1.31%)

Nifty 500

₹23,686.55

225.85 (▲0.96%)

S&P BSE Capital Goods

₹77,559.99

547.77 (▲0.71%)

S&P BSE 150 MidCap

₹17,173.32

154.74 (▲0.91%)

Insights on Thermax Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 11.24% to 11.46% in Jun 2026 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, THERMAX stock has moved up by 46.0%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 5.82% to 5.88% in Jun 2026 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Kirloskar Oil Engines Ltd has given 147.8% return, outperforming this stock by 126.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Kirloskar Oil Engines Ltd has given 381.0% return, outperforming this stock by 310.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 61.98% of holdings in Jun 2026 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 13.75% to 12.86% in Jun 2026 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 3.48K Cr → 2.37K Cr (in ₹), with an average decrease of 32.0% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 244.28 Cr → 25.24 Cr (in ₹), with an average decrease of 89.7% per quarter

About Thermax Ltd

Thermax Ltd is an Indian engineering company, incorporated in 1980. The company is involved in providing engineering solutions in the energy and environment sectors. Thermax has operations in over 75 countries, with a presence in all major markets. Its lines of business include heating, cooling, water and waste management, energy management, and specialty chemicals.

Thermax's top products include boilers, chillers, water and waste management systems, air pollution control systems, and energy management systems. Its popular brands include Thermax, Thermion, and Thermofin. Thermax is also the leading supplier of energy efficient solutions in India, with its products helping customers reduce their energy consumption and carbon footprint.

Revenue: ₹2,302.73Cr as on June 2026 (Q1 FY27)
Net Profit: ₹21.79Cr as on June 2026 (Q1 FY27)
Listing date: 14 Jun, 1995
Chairperson Name: Meher P Pudumjee
OrganisationThermax Ltd
HeadquartersPune
IndustryCapital Goods - Electrical Equipment
CEOMeher P Pudumjee
E-voting on sharesClick here to vote

FAQs

What is Thermax share price today?

Thermax share price today stands at ₹4129.7 as on . Thermax share today touched a day high of ₹4319 and a low of ₹4070.8.

What is the 52 week high and 52 week low range for Thermax share?

Thermax touched a 52 week high of ₹5277.8 and a 52 week low of ₹2742.7. Thermax share price today i.e. is trending at ₹4129.7, which is -21.75% down from its 52 week high and 50.57% up from its 52 week low.

What is Thermax's market capitalisation today?

Thermax market capitalisation is ₹51,308.70 Cr as on .

How to buy Thermax shares?

To buy Thermax shares, you need to follow these steps:

  • Open a Demat account and Trading account on INDmoney
  • Fund your Trading account
  • Search for THERMAX or Thermax Ltd on the INDmoney app to check live prices of the stock
  • Click on Buy or SIP to place an order to invest in Thermax shares. You can invest by selecting the number of shares or set up a fixed SIP to invest every month or week.

What is Thermax trading volume today?

Thermax trading volume is 3.95L as on . This means that 3.95L shares of Thermax were bought and sold on the stock market during today's trading session.