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Thermax Limited.Thermax Limited.Thermax Limited.

Thermax Limited.

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Key stats


Market capitalization
‪483.02 B‬ INR
Dividend yield (indicated)
0.35%
Price to earnings Ratio (TTM)
76.9
Basic EPS (TTM)
52.7 INR
Net income (FY)
‪7.21 B‬ INR
Revenue (FY)
‪106.83 B‬ INR
Shares float
‪39.04 M‬
Beta (1Y)
0.54

Latest earnings


Last report date
Jul 30, 2026
Report period
Q1 2026
EPS
2.00 INR
Revenue
‪23.03 B‬ INR
Earnings call summary

Q1 FY26 saw a 2% revenue decline due to project delays, but margins improved with a government incentive. Order book grew 7% and management expects double-digit growth, with new products and international markets driving future performance.

Employees


Employees (FY)
‪30.51 K‬
Change (1Y)
‪+3.23 K‬+11.84%
Revenue / Employee (1Y)
‪3.50 M‬ INR
Net income / Employee (1Y)
‪236.14 K‬ INR

Details


Sector
Producer Manufacturing
Industry
Industrial Machinery
CEO
Ashish Bhandari
Website
thermaxglobal.com
Headquarters
Pune
Founded
1966
IPO date
Feb 15, 1995
ISIN
INE152A01029
FIGI
BBG000C4RWT6
Identifiers
ISIN INE152A01029
CFI code
ESVUFN
Thermax Ltd. engages in the provision of engineering solutions to the energy and environment sectors. It operates through the following segments: Industrial Products, Industrial Infra, and Chemical. The Industrial Products segment deals with manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water and waste recycle, including associated services, and engineering, procurement and construction (EPC). The Industrial Infra segment manages EPC of power plants, infra projects, flue gas, and desulphurization projects. The Chemical segment refers to the manufacturing, installation, sales and services related to ion exchange resins, performance chemicals, construction chemicals, water treatment chemicals, oil field chemicals, paper and construction chemicals, and related services. The company was founded by A. S. Bhathena in 1966 and is headquartered in Pune, India.

Financials


Performance
Revenue to profit conversion
Debt level and coverage
Earnings
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News



Ideas



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Technicals


Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Analyst rating


An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

ETFs holding the stock


VWO
Vanguard FTSE Emerging Markets ETF
Weight0.01%
Market value‪22.44 M‬
EIMU
iShares Core MSCI EM IMI UCITS ETF
Weight0.01%
Market value‪5.85 M‬
EIMI
iShares Core MSCI EM IMI UCITS ETF
Weight0.01%
Market value‪5.85 M‬
SMIN
Ishares MSCI India Small Cap ETF
Weight0.45%
Market value‪3.49 M‬
FID
Franklin FTSE India Index ETF Trust Units
Weight0.08%
Market value‪2.02 M‬
FLIN
Franklin FTSE India ETF
Weight0.07%
Market value‪2.01 M‬
FLXI
Franklin LibertyShares ICAV - FTSE India UCITS ETF
Weight0.08%
Market value‪1.66 M‬
SCHE
Schwab Emerging Markets Equity ETF
Weight0.01%
Market value‪1.57 M‬
MID150BEES
Nippon India ETF Nifty Midcap 150
Weight0.40%
Market value‪1.57 M‬
EPI
WisdomTree India Earnings Fund
Weight0.08%
Market value‪1.23 M‬
EMKT
Lazard Emerging Markets Opportunities ETF
Weight0.69%
Market value‪1.18 M‬

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Frequently asked questions


The current price of THERMAX is 4,083.3 INR — it has increased by 0.13% in the past 24 hours. Watch Thermax Limited. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange Thermax Limited. stocks are traded under the ticker THERMAX.
THERMAX stock has fallen by −2.12% compared to the previous week, the month change is a −17.06% fall, over the last year Thermax Limited. has showed a 24.11% increase.
We've gathered analysts' opinions on Thermax Limited. future price: according to them, THERMAX price has a max estimate of 5,325.00 INR and a min estimate of 3,360.00 INR. Watch THERMAX chart and read a more detailed Thermax Limited. stock forecast: see what analysts think of Thermax Limited. and suggest that you do with its stocks.
THERMAX reached its all-time high on Jul 8, 2024 with the price of 5,840.0 INR, and its all-time low was 7.7 INR and was reached on Sep 21, 2001. View more price dynamics on THERMAX chart.
See other stocks reaching their highest and lowest prices.
THERMAX stock is 2.70% volatile and has beta coefficient of 0.54. Track Thermax Limited. stock price on the chart and check out the list of the most volatile stocks — is Thermax Limited. there?
Today Thermax Limited. has the market capitalization of ‪479.49 B‬, it has decreased by −6.54% over the last week.
Yes, you can track Thermax Limited. financials in yearly and quarterly reports right on TradingView.
Thermax Limited. is going to release the next earnings report on Nov 11, 2026. Keep track of upcoming events with our Earnings Calendar.
THERMAX earnings for the last quarter are 2.00 INR per share, whereas the estimation was 13.81 INR resulting in a −85.51% surprise. The estimated earnings for the next quarter are 14.27 INR per share. See more details about Thermax Limited. earnings.
Thermax Limited. revenue for the last quarter amounts to ‪23.03 B‬ INR, despite the estimated figure of ‪24.87 B‬ INR. In the next quarter, revenue is expected to reach ‪29.08 B‬ INR.
THERMAX net income for the last quarter is ‪252.40 M‬ INR, while the quarter before that showed ‪2.44 B‬ INR of net income which accounts for 0.00% change. Track more Thermax Limited. financial stats to get the full picture.
Thermax Limited. dividend yield was 0.43% in 2025, and payout ratio reached 21.89%. The year before the numbers were 0.38% and 24.86% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Aug 12, 2026, the company has ‪30.51 K‬ employees. See our rating of the largest employees — is Thermax Limited. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Thermax Limited. EBITDA is ‪9.11 B‬ INR, and current EBITDA margin is 10.15%. See more stats in Thermax Limited. financial statements.
Like other stocks, THERMAX shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Thermax Limited. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Thermax Limited. technincal analysis shows the sell today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Thermax Limited. stock shows the buy signal. See more of Thermax Limited. technicals for a more comprehensive analysis.