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THERMAX Stock Chart & Stats
₹4517.50
-₹67.00(-1.48%)
At close: 4:00 PM EDT
₹4517.50
-₹67.00(-1.48%)
Day’s Range― - ―
52-Week Range₹2,744.20 - ₹5,277.00
Previous CloseN/A
Volume152.39K
Average Volume (3M)26.86K
Market Cap
₹368.86B
Enterprise Value₹369.58B
Total Cash (Recent Filing)₹24.67B
Total Debt (Recent Filing)₹0.00
Price to Earnings (P/E)58.8
Beta0.63
Next Earnings
Nov 05, 2026EPS Estimate
12.36Next Dividend Ex-DateN/A
Dividend Yield0.65%
Share Statistics
EPS (TTM)52.66
Shares Outstanding119,156,300
10 Day Avg. Volume16,064
30 Day Avg. Volume26,864
Financial Highlights & Ratios
PEG Ratio3.77
Price to Book (P/B)6.62
Price to Sales (P/S)3.44
P/FCF Ratio-84.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)63.04
Revenue Forecast (FY)₹121.66B
Bulls Say, Bears Say
Bulls Say
Diversified Energy And Environmental SolutionsThermax operates across multiple essential industrial and environmental applications rather than relying on one product category. Its combination of equipment, EPC execution, and services can broaden customer relationships, diversify demand drivers, and support resilience across the business cycle.
Steady Revenue Growth With Solid ProfitabilityRevenue has continued to expand while the company maintains positive EBIT and net margins, indicating an established operating model with ongoing demand. Although growth has moderated, the combination of top-line progress and profitability provides a durable base for reinvestment and future expansion.
Generally Healthy Balance SheetModerate leverage, consistent equity growth, and stable returns on equity indicate that Thermax remains broadly well-capitalized. This financial position should support continued investment in its solutions portfolio and help the company manage industrial demand fluctuations without excessive balance-sheet strain.
Bears Say
Weak And Inconsistent Cash ConversionNegative free cash flow means reported earnings are not currently translating reliably into cash available to the business. Choppy conversion can constrain self-funded growth, increase reliance on financing or working-capital release, and make the durability of earnings less predictable over the coming quarters.
Sharp Gross-margin DeteriorationThe steep gross-margin decline materially reduces confidence in the sustainability and predictability of profitability. Whether driven by mix, costs, or accounting effects, a margin base this volatile can pressure operating leverage, weaken earnings quality, and require corrective execution to restore prior economics.
Rising Leverage Reduces Financial FlexibilityAlthough leverage remains moderate, the sustained upward trend shows that borrowing is becoming more important to the capital structure. If margins remain volatile or cash conversion stays weak, higher debt could limit flexibility, increase financial obligations, and constrain capital allocation choices.
Thermax Limited. News
THERMAX FAQ
What was Thermax Limited.’s price range in the past 12 months?
Thermax Limited. lowest stock price was ₹2744.20 and its highest was ₹5277.00 in the past 12 months.
What is Thermax Limited.’s market cap?
Thermax Limited.’s market cap is ₹368.86B.
When is Thermax Limited.’s upcoming earnings report date?
Thermax Limited.’s upcoming earnings report date is Nov 05, 2026 which is in 12 days.
How were Thermax Limited.’s earnings last quarter?
Thermax Limited. released its earnings results on Jul 30, 2026. The company reported ₹2 earnings per share for the quarter, missing the consensus estimate of ₹13.807 by -₹11.807.
Is Thermax Limited. overvalued?
According to Wall Street analysts Thermax Limited.’s price is currently Overvalued.
Does Thermax Limited. pay dividends?
Thermax Limited. pays a Annually dividend of ₹20 which represents an annual dividend yield of 0.65%. See more information on Thermax Limited. dividends here
What is Thermax Limited.’s EPS estimate?
Thermax Limited.’s EPS estimate is 12.36.
How many shares outstanding does Thermax Limited. have?
Thermax Limited. has 119,156,300 shares outstanding.
What happened to Thermax Limited.’s price movement after its last earnings report?
Thermax Limited. reported an EPS of ₹2 in its last earnings report, missing expectations of ₹13.807. Following the earnings report the stock price went down -2.816%.
Which hedge fund is a major shareholder of Thermax Limited.?
Currently, no hedge funds are holding shares in IN:THERMAX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Thermax Limited.
Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction. The Industrial Infra segment provides engineering, procurement, and construction (EPC) of power plants, infra projects, and flue gas desulphurisation projects, along with associated services and manufacturing, installation, sales and services related to boiler and heater plants. The Green solutions segment builds, owns and operates BOO models, energy management solutions, oil and gas-fired, green hydrogen projects and renewable energy (Solar/Wind). The Chemical segment offers 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. It also operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. In addition, the company offers steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tyre industries. Thermax Limited was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.
Technical Analysis
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