Thermax

3,388.20
-30.20
(-0.88%)
ann
There are 2 new updates from the company22 hours ago
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Market Cap
40,732.40 Cr
EPS
57.30
PE Ratio
64.18
Dividend Yield
0.39 %
52 Week High
5,839.95
52 Week Low
2,950.05
PB Ratio
8.25
Debt to Equity
0.25
Add Ratio
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Investment Returns

In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from21 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+42.86 %
+42.86 %
Hold
Hold+28.57 %
+28.57 %
Sell
Sell+28.57 %
+28.57 %
Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
5,971.00
#1 1,26,530.49
67.80
12,541.70
16.69
1,875
25.39
68.89
3,265.60
1,16,294.71
63.55
23,165.00
15.54
#1 2,718
-27.46
75.17
686.70
1,04,987.46
109.43
8,152.20
15.79
871
17.32
64.55
71.48
97,558.66
76.07
6,567.50
9.64
660
#1 364.78
67.43
259.83
90,474.45
174.18
#1 24,439.00
2.45
282
3.04
72.56
19,298.00
86,015.75
220.06
5,246.80
17.02
164
61.74
74.46
2,978.90
85,578.79
#1 46.36
11,632.80
69.56
1,274
35.63
64.44
2,241.40
57,390.27
96.54
3,190.50
13.66
181
181.30
85.76
1,061.60
47,854.21
51.19
3,171.30
#1 116.74
231
167.12
57.77
3,388.20
#10 40,732.40
#4 64.18
#5 9,556.00
#5 15.83
#6 643
#8 9.59
49.75
Forecast
Actual
Growth Rate
Revenue Growth
15.83 %
Net Income Growth
42.71 %
Cash Flow Change
-46.19 %
ROE
24.38 %
ROCE
21.85 %
EBITDA Margin (Avg.)
17.43 %

Quarterly Financial Results

Quarterly Financials
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Revenue
1,248
1,277
1,202
1,541
1,002
1,106
969
1,520
896
1,057
1,141
1,488
1,067
1,463
1,468
2,126
1,414
1,628
1,436
1,354
686
1,164
1,439
1,610
1,078
1,506
1,644
2,028
1,675
2,115
2,092
2,369
1,986
2,368
2,509
2,819
2,269
2,671
2,539
3,163
Expenses
1,129
1,155
1,071
1,362
899
978
857
1,335
800
938
1,022
1,322
966
1,318
1,418
1,905
1,293
1,476
1,297
1,259
676
1,087
1,291
1,435
989
1,359
1,502
1,857
1,559
1,935
1,888
2,111
1,852
2,098
2,137
2,491
2,044
2,334
2,319
2,785
EBITDA
120
122
131
179
104
128
113
185
96
119
119
166
101
145
50
220
121
152
139
94
10
78
148
176
88
147
142
171
117
180
203
258
134
270
372
329
225
338
220
377
Operating Profit %
8 %
8 %
9 %
9 %
8 %
9 %
9 %
10 %
8 %
9 %
9 %
8 %
7 %
8 %
1 %
8 %
7 %
8 %
8 %
5 %
-2 %
5 %
8 %
9 %
6 %
7 %
7 %
7 %
6 %
7 %
8 %
9 %
4 %
9 %
8 %
10 %
6 %
11 %
8 %
10 %
Depreciation
18
18
19
17
19
20
20
23
19
19
21
24
21
24
23
25
26
28
32
31
28
29
29
29
27
27
29
30
29
30
29
29
29
33
36
50
36
42
35
45
Interest
3
4
3
3
3
2
2
3
2
5
3
4
3
4
4
4
4
4
2
5
4
5
6
6
5
5
5
10
7
8
9
14
13
20
27
28
28
29
29
31
Profit Before Tax
105
114
88
160
81
106
91
160
76
95
96
138
76
118
24
192
90
120
105
59
-23
44
113
140
56
114
108
132
81
142
165
214
92
218
309
251
161
266
156
301
Tax
51
55
34
46
32
27
38
124
36
38
38
63
27
43
-51
65
27
95
21
20
-7
13
30
33
14
26
29
29
22
33
39
58
32
59
72
63
52
68
43
95
Net Profit
55
59
54
114
49
78
54
35
40
57
59
76
49
75
75
127
63
26
85
39
-15
31
83
107
42
88
79
103
59
109
126
156
60
159
237
188
109
198
114
206
EPS in ₹
4.85
5.25
4.82
10.14
4.35
6.98
4.86
3.88
3.61
5.08
5.20
6.72
4.35
6.62
6.66
11.27
5.57
2.29
7.54
3.47
-1.36
2.78
7.39
9.53
3.77
7.80
7.06
9.10
5.23
9.70
11.20
13.85
5.23
14.00
21.17
16.90
10.28
17.49
10.29
18.27

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Total Assets
6,089
5,181
5,061
5,945
6,800
5,956
6,507
7,461
8,839
10,153
Fixed Assets
1,431
827
811
973
1,312
1,283
1,242
1,195
1,248
1,906
Current Assets
4,185
3,610
3,297
4,102
4,737
3,977
4,467
4,738
6,072
6,448
Capital Work in Progress
43
60
141
103
40
56
24
44
434
525
Investments
822
1,050
1,083
1,472
829
875
235
1,477
1,626
1,765
Other Assets
3,793
3,244
3,025
3,397
4,619
3,742
5,006
4,746
5,531
5,957
Total Liabilities
6,089
5,181
5,061
5,945
6,800
5,956
6,507
7,461
8,839
10,153
Current Liabilities
3,274
2,615
2,365
3,079
3,654
2,787
3,071
3,758
4,409
4,725
Non Current Liabilities
591
150
156
152
132
141
185
211
559
988
Total Equity
2,224
2,416
2,539
2,715
3,014
3,028
3,251
3,493
3,870
4,440
Reserve & Surplus
2,123
2,394
2,515
2,692
2,992
3,005
3,229
3,470
3,846
4,417
Share Capital
24
23
23
23
23
23
23
23
23
23

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Net Cash Flow
39
13
110
7
85
-47
220
-115
144
19
Investing Activities
80
-127
-99
-507
266
-140
-627
-420
-664
-514
Operating Activities
311
253
335
534
-115
326
770
325
460
247
Financing Activities
-351
-112
-126
-20
-65
-232
77
-21
349
285

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Promoter
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
61.98 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
12.24 %
15.15 %
15.38 %
15.49 %
15.86 %
DIIs
12.80 %
12.77 %
12.00 %
12.72 %
13.17 %
13.21 %
15.27 %
15.34 %
15.63 %
15.46 %
15.46 %
15.71 %
15.82 %
12.88 %
12.72 %
12.66 %
12.25 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
4.61 %
4.52 %
4.38 %
4.37 %
4.22 %
4.08 %
4.01 %
4.09 %
3.84 %
3.91 %
3.74 %
3.83 %
3.71 %
3.78 %
3.73 %
3.67 %
3.71 %
Others
20.61 %
20.73 %
21.65 %
20.93 %
20.63 %
20.72 %
18.73 %
18.59 %
18.54 %
18.64 %
18.82 %
18.48 %
6.25 %
6.21 %
6.19 %
6.20 %
6.19 %
No of Share Holders
31,546
32,515
32,015
34,088
34,440
36,255
37,910
39,943
36,103
39,815
35,616
39,547
40,819
48,966
51,876
50,755
53,687

Dividend History

Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 6 6 7 7 7 9 10 12 0.00
Dividend Yield (%) 0.00 0.53 0.62 0.95 0.52 0.36 0.4 0.24 0.33 0.00

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
09 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
09 May 2025 3,366.40 3,156.10
04 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
04 Feb 2025 3,900.10 3,576.05
13 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 Nov 2024 5,149.35 5,111.70
01 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
01 Aug 2024 5,619.25 5,071.80
05 Jul 2024 DIVIDEND Dividend
₹ 12.00 /share
05 Jul 2024 4,486.45 5,289.00
21 Jul 2023 DIVIDEND Dividend
₹ 10.00 /share
21 Jul 2023 2,429.80 2,432.60
22 Jul 2022 DIVIDEND Dividend
₹ 9.00 /share
21 Jul 2022 2,139.45 2,185.45
23 Jul 2021 DIVIDEND Dividend
₹ 7.00 /share
22 Jul 2021 1,408.95 1,425.35

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation22 hours ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation22 hours ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation3 days ago
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS9 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication10 days ago
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 16, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 14, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 12, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 09, 2025
Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015May 09, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationMay 09, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateMay 09, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementMay 09, 2025
Announcement Under Regulation 30May 09, 2025
Intimation Of Record DateMay 09, 2025
Corporate Action-Board approves DividendMay 09, 2025
Results Of Thermax Limited For Quarter And Year Ended March 31 2025May 09, 2025
Board Meeting Outcome for Outcome Of The Board MeetingMay 09, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSMay 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 07, 2025
Announcement under Regulation 30 (LODR)-AcquisitionMay 07, 2025
Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015May 01, 2025
Announcement under Regulation 30 (LODR)-Credit RatingApr 28, 2025
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerApr 18, 2025
Board Meeting Intimation for Audited Financial Results For Quarter And Year Ended March 31 2025 And Recommend Final Dividend For FY 2024-25 If Any.Apr 17, 2025
Announcement under Regulation 30 (LODR)-Updates on AcquisitionApr 11, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 04, 2025
Announcement under Regulation 30 (LODR)-RestructuringApr 03, 2025
Closure of Trading WindowMar 27, 2025
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sMar 20, 2025
Board Meeting Outcome for Outcome Of Board Meeting - Appointment Of Statutory AuditorsMar 20, 2025
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsMar 10, 2025
Announcement under Regulation 30 (LODR)-RestructuringMar 03, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateFeb 18, 2025
Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportFeb 18, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 07, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 05, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationFeb 04, 2025
Integrated Filing (Financial)Feb 04, 2025
Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015.Feb 04, 2025
Results Of Thermax Limited For Quarter And Nine Months Ended December 31 2024Feb 04, 2025
Board Meeting Outcome for Outcome Of The Board MeetingFeb 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 30, 2025
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerJan 21, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 16, 2025
Shareholder Meeting / Postal Ballot-Notice of Postal BallotJan 15, 2025
Integrated Filing (Governance)Jan 13, 2025
Board Meeting Intimation for Approval Of Un-Audited Standalone And Consolidated Financial Statements For Quarter And Nine Months Ended December 31 2024.Jan 10, 2025

Technical Indicators

RSI(14)
Neutral
49.75
ATR(14)
Volatile
114.08
STOCH(9,6)
Neutral
46.77
STOCH RSI(14)
Neutral
38.86
MACD(12,26)
Bullish
4.61
ADX(14)
Weak Trend
16.40
UO(9)
Bearish
36.42
ROC(12)
Uptrend And Accelerating
2.94
WillR(14)
Neutral
-53.33

Mutual Fund Holdings

Funding HouseNo of SharesCurrent Holding %1M Change %3M Change %Month
JM Midcap Fund Direct - Growth
34099
0.85%
0.85%
0.85%
Apr 2025
Aditya Birla Sun Life Multi-Cap Fund Direct-Growth
0
0.00%
-0.69%
-0.72%
Apr 2025
Sundaram Focused Fund Direct-Growth
77253
2.40%
0.50%
0.65%
Apr 2025
Navi Nifty Midcap 150 Index Fund Direct - Growth
0
0.00%
-0.45%
-0.44%
Apr 2025
Quantum Ethical Fund Direct - Growth
2407
1.55%
-0.34%
-0.19%
Apr 2025
SBI Focused Equity Fund Direct Plan-Growth
2300000
2.10%
-0.27%
-0.10%
Apr 2025
SBI Magnum Mid Cap Direct Plan-Growth
1200000
1.84%
-0.26%
-0.17%
Apr 2025
Kotak Emerging Equity Fund Direct-Growth
1416003
0.94%
-0.25%
-0.28%
Apr 2025
SBI Innovative Opportunities Fund Direct-Growth
456000
2.15%
-0.25%
0.01%
Apr 2025
Quantum ESG Best In Class Strategy Fund Direct - Growth
4841
1.68%
-0.24%
-0.14%
Apr 2025
SBI Energy Opportunities Fund Direct - Growth
1133474
3.62%
-0.23%
-0.22%
Apr 2025
Tata Midcap Growth Direct Plan-Growth
191737
1.40%
-0.22%
-0.17%
Apr 2025
Kotak Flexicap Fund Direct-Growth
2250000
1.46%
-0.21%
-0.15%
Apr 2025
Aditya Birla Sun Life Mid Cap Direct Fund-Growth
257069
1.50%
-0.21%
-0.15%
Apr 2025
SBI ESG Exclusionary Strategy Fund Direct Plan-Growth
240435
1.42%
-0.20%
0.38%
Apr 2025
Invesco India Infrastructure Fund Direct-Growth
58777
1.34%
-0.18%
-0.18%
Apr 2025
Tata Dividend Yield Fund Direct - Growth
37180
1.32%
-0.18%
-0.12%
Apr 2025
Tata Infrastructure Direct Plan-Growth
90638
1.45%
-0.18%
-0.13%
Apr 2025
SBI Bluechip Direct Plan-Growth
1729334
1.12%
-0.16%
-0.10%
Apr 2025
Baroda BNP Paribas Midcap Fund Direct-Growth
65000
1.05%
-0.15%
-0.09%
Apr 2025
SBI Retirement Benefit Fund - Aggressive Plan Direct - Growth
82000
0.98%
-0.14%
-0.09%
Apr 2025
Tata India Innovation Fund Direct-Growth
52521
1.04%
-0.14%
-0.06%
Apr 2025
Kotak Equity Opportunities Fund Direct-Growth
700000
0.90%
-0.13%
-0.10%
Apr 2025
Kotak Manufacture in India Fund Direct - Growth
65000
0.93%
-0.12%
-0.11%
Apr 2025
Kotak Pioneer Fund Direct - Growth
61915
0.77%
-0.12%
-0.21%
Apr 2025

About Thermax

Thermax Group is an Indian company founded in 1966 and headquartered in Pune. It specializes in integrated solutions for heating, cooling, power generation, water treatment, air pollution control, and chemicals. The company operates globally with 34 international and 22 domestic offices, and 14 manufacturing facilities across India, Europe, and Southeast Asia. Thermax offers services including operations and maintenance, retrofitting, revamping, upgrading, and auditing. It has expanded into digital solutions for asset lifecycle management. The company is structured into four main segments: Industrial Products, Industrial Infra, Green Solutions, and Chemical. These segments cover a range of products and services including boilers, chillers, pollution control systems, water treatment, power plants, and specialty chemicals. Thermax has a focus on clean energy, air, and water solutions, and has recently expanded into renewable energy offerings including solar, wind, and bio-CNG projects.
Chairperson NameMeher P Pudumjee