Thermax Ltd Share Price
(THERMAX)
₹3346.4
as on 04:01PM, 29 Apr 2025
Thermax Performance
Day's Low
Day's High
₹3,328Day's Price Range₹3,43852 Week's Low
52 Week's High
₹2,950.0552-Week Price Range₹5,839.95
| Returns % | |
| 1 Month Return | -5.74 % |
| 3 Month Return | -9.15 % |
| 1 Year Return | -28.34 % |
| Market Stats | |
| Previous Close | ₹3,410.70 |
| Open | ₹3,438.00 |
| Volume | 84.86K |
| Upper Circuit | ₹4,092.80 |
| Lower Circuit | ₹2,728.60 |
| Market Cap | ₹39,874.46Cr |
Thermax Fundamentals
P/E Ratio
60.89
PEG Ratio
85.76
Market Cap
₹39,874.46 Cr
P/B Ratio
14.13
EPS
57.12
Dividend Yield
0.29
Sector
Capital Goods-Non Electrical Equipment
ROE
12.95
Mutual Fund Holdings of Thermax
| Funds | Holdings | Prev. 5M |
|---|---|---|
 SBI Focused Equity Fund Direct Plan Growth | 2.37% | |
 Kotak Flexicap Fund Direct Growth | 1.67% | |
| SBI Bluechip Fund Direct Growth | 1.28% | |
| Kotak Emerging Equity Scheme Direct Growth | 1.19% | |
| SBI Magnum Midcap Fund Direct Growth | 2.1% |
Thermax Analyst Rating
based on 21 analysts
38.10%
Buy
33.33%
Hold
28.57%
Sell
Based on 21 analysts offering long term price targets for Thermax. An average target of ₹3533.95
Source: S&P Global Market Intelligence
Thermax Share analysis
Thermax price forecast by 21 analysts
Upside of5.60%
High
₹5001
Target
₹3533.95
Low
₹2400
Thermax target price ₹3533.95, a slight upside of 5.6% compared to current price of ₹3346.4. According to 21 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Thermax revenue growth forecast
Expected growth rate Q1, FY2027:49.05%
Forecast
Actual
Including amortisation and stock based compensations
Thermax EPS growth forecast
EPS estimate Q1, FY2027:54.13%
Forecast
Actual
Source: S&P Global Market Intelligence
Key events for Thermax Ltd
Thermax Faces MSCI Exclusion and Stock Decline - 28 Apr, 2025
Thermax Ltd is expected to be removed from the MSCI India Standard Index, potentially leading to $120 million in outflows. The stock has fallen nearly 25% over the past year, with significant losses in recent months.Thermax Divests Stake in Covacsis Technologies - 04 Apr, 2025
Thermax Ltd has entered into a Share Purchase Agreement with Infinite Uptime Inc. to sell its stake in Covacsis Technologies for Rs 10 crore, resulting in Covacsis ceasing to be an associate company.
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.
POSITIVE IMPACTRetail Holding Up
Retail Investor have increased holdings from 4.40% to 4.44% in Mar 2025 quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 15.49% to 15.86% in Mar 2025 quarter
NO EFFECTAgainst Peers
In the last 1 year, Schaeffler India Ltd has given -5.5% return, outperforming this stock by 18.0%
- NO EFFECT
Against Peers
In the last 3 years, AIA Engineering Ltd has given 64.0% return, outperforming this stock by 3.1%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 61.98% of holdings in Mar 2025 quarter
NEGATIVE IMPACTPrice Dip
In the last 1 month, THERMAX stock has moved down by -3.9%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 11.87% to 11.26% in Mar 2025 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 2.67K Cr → 2.53K Cr (in ₹), with an average decrease of 4.9% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 197.03 Cr → 115.9 Cr (in ₹), with an average decrease of 41.2% per quarter
Thermax Financials
Thermax Index Inclusions
Thermax Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 61.98% | 0.00 | |
| Foreign Institutions | 15.86% | 0.00 | |
| Mutual Funds | 11.26% | 0.00 | |
| Retail Investors | 4.44% | 0.00 | |
| Others | 6.46% | 0.00 |
Thermax Key Indicators
Thermax Valuation
Thermax in the last 5 years
Lowest (25.41x)
March 23, 2020
Industry (53.13x)
April 29, 2025
Today (60.89x)
April 29, 2025
Highest (116.86x)
March 10, 2021
Thermax Earnings and Dividends
Thermax Ltd Earnings Results
Thermax Ltd’s net profit fell -51.37% since last year same period to ₹115.90Cr in the Q3 2024-2025. On a quarterly growth basis, Thermax Ltd has generated -41.18% fall in its net profits since last 3-months.
Read More about Earnings ResultsThermax Ltd Dividends May,2024
In the quarter ending March 2024, Thermax Ltd has declared dividend of ₹12 - translating a dividend yield of 0.66%.
Read More about Dividends
Thermax Technicals Summary
Bearish
Neutral
Bullish
Thermax Ltd is currently in a Bearish trading position according to technical analysis indicators.
Thermax Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹39,874.46 Cr | 72.31% | 0.55 | ₹643 Cr | ₹9,323 Cr | |
| HOLD | ₹30,257.03 Cr | 19.9% | 0.53 | ₹1,136 Cr | ₹4,853 Cr | |
| BUY | ₹80,385.23 Cr | 133.64% | 0.52 | ₹1,720 Cr | ₹9,000 Cr | |
| HOLD | ₹80,550.57 Cr | 186.08% | 0.71 | ₹282 Cr | ₹23,892 Cr | |
| BUY | ₹1,18,319.04 Cr | 104% | 0.50 | NA | NA |
About Thermax
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: ₹2,507.76Cr as on December 2024 (Q4 24)
Net Profit: ₹113.73Cr as on December 2024 (Q4 24)
Listing date: 14 Jun, 1995
Chairperson Name: Meher P Pudumjee
| Organisation | Thermax |
| Headquarters | Pune |
| Industry | Capital Goods-Non Electrical Equipment |
| E-voting on shares | Click here to vote |
FAQs on Thermax Ltd
What is Thermax Ltd price today?
Thermax Ltd share price today stands at ₹3346.4, Open: ₹3438, Previous Close: ₹3410.7, High: ₹3438, Low: ₹3328, 52 Week High: ₹5839.95, 52 Week Low: ₹2950.05.
How to Buy Thermax Ltd Share in India?
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What are today's traded volumes of Thermax Ltd?
Today's traded volume of Thermax Ltd(THERMAX) is 84.86K.
What is today's market capitalisation of Thermax Ltd?
Today's market capitalisation of Thermax Ltd(THERMAX) is ₹39874.46Cr.
What is the 52 Week High and Low Range of Thermax Ltd?
How much percentage Thermax Ltd is down from its 52 Week High?
Thermax Ltd (THERMAX) share price is ₹3346.4. It is down -42.70% from its 52 Week High price of ₹5839.95
How much percentage Thermax Ltd is up from its 52 Week low?
Thermax Ltd (THERMAX) share price is ₹3346.4. It is up 13.44% from its 52 Week Low price of ₹2950.05