Thermax Ltd. (THERMAX)

Volume: 3,976Avg Vol 1W: 32,386Avg Vol 1M: 28,13052W Range:₹2,742.7₹5,075

NSE BSE

₹4,774.4▲ 1.27%

Key Ratios

Updated just now

Market Cap₹56,328 Cr

Current Price₹4,774.4

Previous Close₹4,714.6

High / Low (52w)₹5,075 / ₹2,742.7

Volume3,976

Avg Vol (1W)32,386

Avg Vol (1M)28,130

Stock P/E64.88

Book Value₹492.67

Dividend Yield0.4%

ROE12.98%

ROA5.42%

Revenue (TTM)—

Revenue Growth11.43%

Profit Margin6.74%

Total Debt₹1,162 Cr

Shares Outstanding12 Cr

Face Value₹2

EPS (TTM)₹21.68

P/B9.23

Debt / Equity0.42

50 DMA₹4,408.86

200 DMA₹3,474.67

Day change+1.27%

Price Chart

₹4,774.4▲ 50.33% · 1Y

2025-10-01

2026-06-16

20-day avg volume: 30K shares

Pros

Company is almost debt-free.
Revenue grew 11% YoY.

Cons

Stock trades at a high P/E of 65.

Quarterly Results

Metric	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024	Jun 2024	Mar 2024	Dec 2023	Sept 2023	Jun 2023	Mar 2023	Dec 2022	Sept 2022	Jun 2022	Mar 2022	Dec 2021	Sept 2021	Jun 2021	Mar 2021	Dec 2020	Sept 2020	Jun 2020	Mar 2020
Revenue	₹3,428 Cr	₹2,635 Cr	₹2,474 Cr	₹2,158 Cr	₹3,046 Cr	₹2,529 Cr	₹2,616 Cr	₹2,184 Cr	₹2,764 Cr	₹2,324 Cr	₹2,302 Cr	₹1,933 Cr	₹2,311 Cr	₹2,049 Cr	₹2,075 Cr	₹1,654 Cr	₹1,992 Cr	₹1,615 Cr	₹1,469 Cr	₹1,052 Cr	₹1,575 Cr	₹1,411 Cr	₹1,141 Cr	₹665 Cr	₹1,323 Cr
EBITDA	₹374 Cr	₹264 Cr	₹206 Cr	₹242 Cr	₹331 Cr	₹185 Cr	₹296 Cr	₹189 Cr	₹279 Cr	₹210 Cr	₹238 Cr	₹156 Cr	₹228 Cr	₹174 Cr	₹151 Cr	₹88 Cr	₹141 Cr	₹113 Cr	₹119 Cr	₹61 Cr	₹147 Cr	₹147 Cr	₹73 Cr	₹-18 Cr	₹64 Cr
Net Profit	₹244 Cr	₹204 Cr	₹120 Cr	₹152 Cr	₹206 Cr	₹116 Cr	₹197 Cr	₹116 Cr	₹190 Cr	₹238 Cr	₹158 Cr	₹59 Cr	₹156 Cr	₹126 Cr	₹109 Cr	₹59 Cr	₹103 Cr	₹79 Cr	₹88 Cr	₹42 Cr	₹107 Cr	₹83 Cr	₹31 Cr	₹-15 Cr	₹39 Cr
EPS	21.68	18.12	10.62	13.52	18.26	10.29	17.49	10.28	16.88	21.17	14	5.23	13.85	11.2	9.7	5.23	9.1	7.06	7.8	3.77	9.53	7.39	2.78	-1.36	3.47

Profit & Loss (Annual)

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Revenue	₹10,641 Cr	₹9,556 Cr	₹8,250 Cr	₹6,255 Cr	₹4,899 Cr	₹5,831 Cr
EBITDA	₹1,001 Cr	₹882 Cr	₹641 Cr	₹435 Cr	₹348 Cr	₹390 Cr
Net Profit	₹634 Cr	₹645 Cr	₹450 Cr	₹312 Cr	₹207 Cr	₹212 Cr
EPS	56.31	57.28	39.98	27.73	18.34	18.87

Balance Sheet

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Total Assets	₹12,038 Cr	₹10,153 Cr	₹8,839 Cr	₹7,461 Cr	₹6,507 Cr	₹5,956 Cr
Total Liabilities	₹7,095 Cr	₹5,713 Cr	₹4,968 Cr	₹3,969 Cr	₹3,255 Cr	₹2,928 Cr
Equity	₹4,943 Cr	₹4,440 Cr	₹3,870 Cr	₹3,492 Cr	₹3,251 Cr	₹3,028 Cr
Total Debt	₹1,162 Cr	₹789 Cr	₹423 Cr	₹61 Cr	₹22 Cr	₹33 Cr

Cash Flow

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Operating	₹1,229 Cr	₹434 Cr	₹611 Cr	₹428 Cr	₹863 Cr	₹457 Cr
Investing	₹-1,241 Cr	₹-509 Cr	₹-680 Cr	₹-422 Cr	₹-636 Cr	₹-169 Cr
Financing	₹124 Cr	₹285 Cr	₹349 Cr	₹-21 Cr	₹77 Cr	₹-232 Cr
Free Cash Flow	₹1,229 Cr	₹434 Cr	₹611 Cr	₹428 Cr	₹863 Cr	₹457 Cr

Shareholding

Promoter 61.98% Institutions 26.73% Public 0.36%

Prices are delayed/indicative; pros & cons are AI generated. Informational only — not investment advice. ← Back to search