Thermax Ltd share price logo

Thermax Share Price

NSE: THERMAX

BSE: 500411

Mid Cap

Electric Sector

3207.60

20.90 (0.66%)

as on

bell
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Thermax Stock Performance

as on August 29, 2025 at 4:01 pm IST

  • Day's Low

    Day's High

    ₹3,158.9
    ₹3,223.1
    downward going graph

    1.52%

    Downside

    0.48%

    Upside

    downward going graph
  • 52 Week's Low

    52 Week's High

    ₹2,950.05
    ₹5,719
    downward going graph

    8.03%

    Downside

    78.30%

    Upside

    downward going graph

Thermax share price movements today

Previous Close
₹3,186.70
Open
₹3,192.00
Volume
1.69L
Upper Circuit
₹3,824.00
Lower Circuit
₹2,549.40
Day's Low - High
₹3,158.9 - ₹3,223.1
52 Week Low - High
₹2,950.05 - ₹5,719

Thermax Historical Returns

1 Month Return
-16.41 %
3 Month Return
-5.33 %
1 Year Return
-26.65 %
3 Year Return
+ 32.75 %
5 Year Return
+ 319.49 %

Thermax Fundamentals

as on August 29, 2025 at 4:01 pm IST

Market Cap

₹38,220.57 Cr

Return on Equity (ROE)

13.43

PE Ratio (TTM)

53.84

Return on capital employed (ROCE)

16.22

Industry PE ratio

83.23

Beta (LTM)

0.84

P/B Ratio

10.97

Dividend Yield

0.38

PEG Ratio

-19.44

Quarterly Earnings Growth YOY

38.41

EPS (TTM)

55.63

Sector

Capital Goods - Electrical Equipment

Book Value

438.25

Technical Analysis

Thermax Stock Valuation

as on August 29, 2025 at 4:01 pm IST

Thermax in the last 5 years

  • Overview

  • Trends

Lowest (25.41x)

March 23, 2020

Today (53.84x)

August 29, 2025

Industry (83.23x)

August 29, 2025

Highest (116.86x)

March 10, 2021

LowHigh

Today’s Price to Earnings Ratio: 53.84x

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)
HOLD38,220.5763.9%0.6462610,388
HOLD28,827.1313.93%0.001,0604,290
BUY1,06,062.26145.55%0.521,99910,390
HOLD72,430.4087.92%0.7553328,339
BUY1,05,933.0085.16%0.00NANA

Analyst Recommendation on Thermax Stock

Based on 21 analysts

HOLD

33.33%

Buy

38.10%

Hold

28.57%

Sell

Based on 21 analysts, 38.1% of analysts recommend a 'HOLD' rating for Thermax. Average target price of ₹3646.86

Source: S&P Global Market Intelligence

Thermax Share Price Target

Get share price movements and forecasts by analysts on Thermax.

What analysts predicted

13.69%UPSIDE

Target Price

₹3646.86

Current Price

₹3207.6

Analyzed by

21 Analysts

High

₹5100

Target

₹3646.86

Low

₹2400

Thermax target price ₹3646.86, a slight upside of 13.69% compared to current price of ₹3207.6. According to 21 analysts rating.

Source: S&P Global Market Intelligence

Thermax Stock's Interest Amongst Investors

Investment in Thermax Ltd Shares on INDmoney has dropped by -60.68% over the past 30 days, indicating reduced transactional activity.

Time period: to

Change:-60.68% versus previous 30 day period

Search interest for Thermax Ltd Stock has decreased by -24% in the last 30 days, reflecting a downward trend in search activity.

Time period: to

Change:-24% versus previous 30 day period

Thermax Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sales
2,075.26
2,049.25
2,310.82
1,932.96
2,302.46
2,324.36
2,763.68
2,184.41
2,611.59
2,507.76
3,084.93
2,150.18
Other Income
39.83
42.32
57.81
53.06
65.86
184.52
55.4
84.09
59.77
31.51
77.56
65.63
Total Income
2,115.09
2,091.57
2,368.63
1,986.02
2,368.32
2,508.88
2,819.08
2,268.5
2,671.36
2,539.27
3,162.49
2,215.81
Expenses
1,934.93
1,888.43
2,110.92
1,851.78
2,098.09
2,137.27
2,490.53
2,043.68
2,333.65
2,319.27
2,785.26
1,925.26
Operating Profit
140.33
160.82
199.9
81.18
204.37
187.09
273.15
140.73
277.94
188.49
299.67
224.92
Operating Profit Margin %
6.76%
7.85%
8.65%
4.2%
8.88%
8.05%
9.88%
6.44%
10.64%
7.52%
9.71%
10.46%
Profit Before Interest, Tax and Depreciation
180.16
203.14
257.71
134.24
270.23
371.61
328.55
224.82
337.71
220
377.23
290.55
Interest
7.98
9.12
13.92
13.37
19.8
26.61
27.81
27.48
29.39
28.66
31.25
30.2
Depreciation
29.8
29.07
29.44
29.4
32.96
35.84
49.88
36.03
42.07
35.07
45.34
48.88
Profit Before Tax
142.38
164.95
214.35
91.47
217.47
309.16
250.86
161.31
266.25
156.27
300.64
211.47
Tax Paid
33.24
38.55
58.14
31.52
58.87
72.1
63.28
51.89
68.25
42.54
95.09
60.02
Profit After Tax
109.14
126.4
156.21
59.95
158.6
237.06
187.58
109.42
198
113.73
205.55
151.45
Total Net profit including share of profit / Loss from associate company
109.14
126.4
156.21
59.95
158.6
237.06
187.58
109.42
198
113.73
205.55
151.45
EPS
9.7
11.2
13.85
5.23
14
21.17
16.9
10.28
17.49
10.29
18.27
13.53
Actual EPS
9.7
11.2
13.85
5.23
14
21.17
16.9
10.28
17.49
10.29
18.27
13.53
Adjusted EPS
9.7
11.2
13.85
5.23
14
21.17
16.9
10.28
17.49
10.29
18.27
13.53
Diluted EPS
9.7
11.2
13.85
5.23
14
21.17
16.88
10.28
17.49
10.29
18.26
13.52

Thermax Ltd Annual Profit & Loss

Figures in Rupees Crores

Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Sales
4,483.08
4,464.88
5,973.17
5,731.31
4,791.25
6,128.33
8,089.81
9,323.46
10,388.69
Other Income
114.05
116.39
149.88
100
107.74
127.14
160.18
308.06
252.22
Total Income
4,597.13
4,581.27
6,123.05
5,831.31
4,898.99
6,255.47
8,249.99
9,631.52
10,640.91
Expenses
4,067.93
4,089.13
5,606.34
5,325.13
4,488.59
5,706.96
7,492.48
8,526.89
9,481.15
Operating Profit
415.15
375.75
366.83
406.18
302.66
421.37
597.33
796.57
907.54
Operating Profit Margin %
9.26%
8.42%
6.14%
7.09%
6.32%
6.88%
7.38%
8.54%
8.74%
Profit Before Interest, Tax and Depreciation
529.2
492.14
516.71
506.18
410.4
548.51
757.51
1,104.63
1,159.76
Interest
9.71
12.85
14.32
15.02
20.64
25.17
37.59
87.59
116.78
Depreciation
81.9
82.44
92.02
116.63
114.57
113.24
116.86
148.08
158.51
Profit Before Tax
437.59
396.85
410.37
374.53
275.19
410.1
603.06
868.96
884.47
Tax Paid
155.99
165.75
84.94
162.08
68.61
97.79
152.36
225.77
257.77
Profit After Tax
281.6
231.1
325.43
212.45
206.58
312.31
450.7
643.19
626.7
Total Net profit including share of profit / Loss from associate company
216.14
231.1
325.43
212.45
206.58
312.31
450.7
643.19
626.7
EPS
19.8
20.61
28.9
18.87
18.34
27.73
39.98
57.3
56.33
Actual EPS
19.8
20.61
28.9
18.87
18.34
27.73
39.98
57.3
56.33
Adjusted EPS
19.8
20.61
28.9
18.87
18.34
27.73
39.98
57.3
56.33
Diluted EPS
19.8
20.61
28.9
18.87
18.34
27.73
39.98
57.28
56.31

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
Net Cash from Operating Activities
252.58
334.58
533.59
-115.42
325.58
769.48
324.71
459.56
247.3
1,042.79
Cash Flow from Investing Activities
-127.11
-99.33
-506.55
245.98
-163.85
-653.51
-419.5
-663.81
-513.68
-1,220.12
Cash Flow from Financing Activities
-112.25
-125.58
-20.32
-65.37
-232.45
77.24
-20.58
348.54
285.4
123.55
Net Cash Flow
13.22
109.67
6.72
85.19
-46.89
219.81
-115.37
144.29
19.02
-53.78

Mutual Funds that own Thermax Stock

Check out the Mutual Funds with significant holdings in Thermax.

Thermax Earnings and Dividends

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

  • Thermax Ltd Earnings Results

    Thermax Ltd’s net profit jumped 31.58% since last year same period to ₹152.38Cr in the Q1 2025-2026. On a quarterly growth basis, Thermax Ltd has generated -25.93% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Thermax Ltd Dividends May,2025

    In the quarter ending March 2025, Thermax Ltd has declared dividend of ₹14.00 per share on 09 May 2025 - translating a dividend yield of 0.81%.

    Read More about Dividends

Indices Featuring Thermax Stock

Check stock indices that include Thermax.

BSE Mid-Cap

₹44,642.31

-0.41 (-183.93%)

Nifty Energy

₹33,638.65

-0.13 (-44.2%)

S&P BSE Capital Goods

₹65,417.08

0.22 (142.85%)

S&P BSE 250 LargeMidCap

₹10,493.85

-0.35 (-37.38%)

Nifty 500

₹22,462.95

-0.35 (-78.7%)

S&P BSE Indus.

₹14,174.43

0.21 (30.02%)

S&P BSE 400 MidSmallCap

₹11,668.55

-0.38 (-44.34%)

BSE 200

₹11,048.51

-0.35 (-39.12%)

S&P BSE 150 MidCap

₹15,525.18

-0.45 (-69.9%)

BSE 500

₹35,287.71

-0.34 (-122.01%)

S&P BSE POWER

₹6,392.75

0.07 (4.38%)

Nifty Midcap 150

₹20,750.30

-0.55 (-114.45%)

Nifty MidSmallcap 400

₹19,232.30

-0.47 (-90.6%)

Nifty LargeMidcap 250

₹15,745.15

-0.42 (-67.1%)

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

    Retail Holding Up

    img

    Retail Investor have increased holdings from 4.44% to 4.79% in Jun 2025 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, THERMAX has outperformed top 5 stocks with highest market-cap in Industrial Machinery & Equipment

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 15.86% to 16.02% in Jun 2025 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Schaeffler India Ltd has given -1.9% return, outperforming this stock by 24.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 61.98% of holdings in Jun 2025 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 205.73 Cr → 152.38 Cr (in ₹), with an average decrease of 25.9% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 11.26% to 10.71% in Jun 2025 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 3.16K Cr → 2.21K Cr (in ₹), with an average decrease of 29.9% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, THERMAX stock has moved down by -16.4%

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: ₹2,150.18Cr as on June 2025 (Q1 FY26)
Net Profit: ₹151.45Cr as on June 2025 (Q1 FY26)
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 ₹3207.6 as on at the close of the market. Thermax share today touched a day high of ₹3223.1 and a low of ₹3158.9.

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

Thermax touched a 52 week high of ₹5719 and a 52 week low of ₹2950.05. Thermax share price today i.e. is closed at ₹3207.6, which is -43.91% down from its 52 week high and 8.73% up from its 52 week low.

What is Thermax's market capitalisation today?

Thermax market capitalisation is ₹38,220.57 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 1.69L as on . This means that 1.69L shares of Thermax were bought and sold on the stock market during today's trading session.