Thermax
3,778.70
-161.70(-4.10%)
Market Cap₹46,952.30 Cr
PE Ratio73.78
Company Performance:
1D-4.10%
1M+12.57%
6M-2.52%
1Y-27.05%
5Y+408.71%
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More news about Thermax
09Jun 25
Thermax Ltd. Sees Significant Block Trade on NSE
A substantial block trade of 307,373 Thermax Ltd. shares occurred on the National Stock Exchange (NSE) at Rs. 3,550.00 per share, totaling Rs. 109.12 crores. The identities of the parties involved and the reasons for the trade were not disclosed. While such large trades can potentially influence investor sentiment, their immediate impact on stock price may vary.
12May 25
Thermax Reports Strong Q4 Performance with Profit and Revenue Growth, Announces Dividend
Thermax Limited's Q4 financial results show significant growth. Net profit increased by 7.89% to 2.05 billion rupees, while revenue rose by 11.43% to 30.80 billion rupees year-over-year. The board has recommended a dividend of 14 rupees per equity share, signaling financial stability and confidence in future prospects.
09May 25
Thermax Reports Strong Q4 Results, Announces Dividend
Thermax Limited announced its Q4 financial results, showing significant growth. Net profit increased by 7.89% to ₹205.00 crore, while revenue rose by 11.43% to ₹3,080.00 crore compared to the previous year. EBITDA improved to ₹299.00 crore with a margin of 9.69%. The board recommended a dividend of ₹14.00 per equity share.
07May 25
Thermax Boosts Stake in Bioenergy Subsidiary to 76.97%
Thermax Limited has increased its equity stake in subsidiary Thermax Bioenergy Solutions Pvt Ltd (TBSPL) from 65.00% to 76.97%. This was achieved through a subscription of 1.30 crore new equity shares of TBSPL at ₹10.00 face value each. The move strengthens Thermax's position in the bioenergy sector and aligns with the growing demand for sustainable energy solutions.
11Apr 25
Thermax Limited Expands Chemical Business with New Subsidiary
Thermax Limited has incorporated a new wholly owned step-down subsidiary, Fortmax Chemicals India Private Limited (FCIPL), on April 11, 2025. FCIPL has an authorized share capital of Rs. 15 crores and an initial paid-up capital of Rs. 4.59 crores. The new entity will focus on the chemical industry, aligning with Thermax's existing portfolio and indicating a strategic move to expand within the chemical sector. This incorporation complies with SEBI regulations and represents a significant step in Thermax's growth strategy.
03Apr 25
Thermax Limited Divests Stake in Covacsis Technologies for ₹100 Crore
Thermax Limited has announced the sale of its stake in Covacsis Technologies Private Limited to Infinite Uptime Inc., USA for approximately ₹100 crore. The transaction is set to complete by April 4, 2025, after which Covacsis will no longer be Thermax's associate company. The sale is not expected to significantly impact Thermax's financials, with Covacsis reporting a loss of ₹1.79 crore in FY 2023-24. Thermax assures that the deal is not a related party transaction.
24Mar 25
Thermax Ltd. Witnesses Significant Block Trade Worth Rs. 23 Crores on NSE
A block trade of approximately 65,738 shares of Thermax Ltd. occurred on the National Stock Exchange (NSE) at Rs. 3,498.60 per share, totaling around Rs. 23.00 crores. Thermax Ltd., a key player in energy and environment solutions, offers products like boilers, heaters, and pollution control systems globally.
10Mar 25
Thermax Expands Chemical Portfolio: Forms Joint Venture with Brazil's OCQ for Acrylic Resin Production
Thermax Ltd's subsidiary has formed a joint venture with Brazilian firm OCQ to manufacture acrylic resins in India. The subsidiary will hold a 51% majority stake, with the first production line planned in Gujarat. This move expands Thermax's chemical business portfolio, entering a new market segment with applications in paints, adhesives, textiles, and automotive industries.
03Mar 25
Thermax's Subsidiary Restructures: Vebro Polymers Acquires Significant Stake
Thermax Limited's step-down subsidiary, Thermax Vebro Polymers India Private Limited (TVPIPL), has undergone a significant shareholding restructure. TVPIPL is no longer a wholly owned subsidiary, with Vebro Polymers Holdings Limited acquiring a 49.90% stake through equity share allotment in exchange for technology transfer. Thermax Chemical Solutions Private Limited retains 50.10% ownership. This restructuring is linked to a technology license agreement with Vebro, potentially enhancing TVPIPL's technological capabilities and market position.
Thermax
3,778.70
-161.70
(-4.10%)
1 Year Returns:-27.05%
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