Want to see IN:THERMAX full AI Analyst Report?

Thermax Limited. (THERMAX) Price & Analysis

4 Followers

THERMAX Stock Chart & Stats

₹4517.50

-₹67.00(-1.48%)

At close: Jul 27 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)18.16K

Market Cap

₹444.42B

Enterprise Value₹369.58K

Total Cash (Recent Filing)₹24.67B

Total Debt (Recent Filing)₹0.00

Price to Earnings (P/E)69.1

Beta0.69

Next Earnings

Nov 05, 2026

EPS Estimate

14.27

Next Dividend Ex-DateN/A

Dividend Yield0.55%

Share Statistics

EPS (TTM)52.66

Shares Outstanding119,156,300

10 Day Avg. Volume7,870

30 Day Avg. Volume18,156

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)64.67

Revenue Forecast (FY)₹122.26B

Bulls Say, Bears Say

Bulls Say

Diversified Energy And Environmental SolutionsThe broad portfolio serves multiple industrial needs and end markets, reducing dependence on a single product category. Equipment, EPC, aftermarket services, and consumables also provide several routes to revenue and support customer retention.

Steady Revenue GrowthRevenue has continued to expand despite a moderation in growth, indicating sustained demand for Thermax’s industrial energy and environmental offerings. Ongoing industrial capex and compliance needs can support the business over the medium term.

Generally Healthy Balance SheetModerate leverage and consistent equity growth provide financial capacity to execute projects and invest in operations. Stable returns on equity also indicate that the company is generating reasonable profitability from its capital base.

Bears Say

Weak And Inconsistent Cash ConversionNegative free cash flow and choppy conversion from earnings suggest that working-capital demands or capital spending are absorbing reported profits. If persistent, this could constrain reinvestment, reduce financial flexibility, and weaken earnings quality.

Sharp Gross Margin DeteriorationThe abrupt margin decline introduces uncertainty about project mix, input costs, or accounting effects and makes profitability less predictable. Sustained pressure would reduce operating leverage and could limit the benefit of continued revenue growth.

Rising LeverageAlthough leverage remains moderate, the upward trend increases dependence on debt financing. Combined with volatile margins and negative free cash flow, additional borrowing could reduce flexibility and make project execution more sensitive to setbacks.

Thermax Limited. News

Thermax Publishes AGM and E-Voting Notice for Shareholders

The latest announcement is out from Thermax Limited. ( ($IN:THERMAX) ). Thermax Limited has notified the stock exchanges...

2M ago

Thermax Files Q4 FY 2025-26 Investor Presentation with Exchanges

Thermax Limited. ( ($IN:THERMAX) ) has issued an announcement. Thermax Limited has released its investor presentation for the...

4M ago

Thermax to Take Control of AI-IoT Partner Exactspace in Strategic Digital Push

Thermax Limited. ( ($IN:THERMAX) ) has shared an announcement. Thermax Limited will raise its stake in Exactspace Technologies...

6M ago

Thermax Publishes Q3 FY 2025-26 Analyst Call Transcript for Investors

The latest update is out from Thermax Limited. ( ($IN:THERMAX) ). Thermax Limited has notified the stock exchanges...

7M ago

Thermax posts audio recording of February 5 investor call on website

Thermax Limited. ( ($IN:THERMAX) ) has shared an announcement. Thermax Limited has announced that the audio recording of...

7M ago

Thermax Consolidates Wind Energy Subsidiaries Through Intragroup Merger

The latest update is out from Thermax Limited. ( ($IN:THERMAX) ). Thermax Limited has announced that the boards...

7M ago

Thermax Subsidiary Reverses OTEPL Acquisition After Closing Conditions Lapse

Thermax Limited. ( ($IN:THERMAX) ) has issued an announcement. Thermax Limited has announced that its wholly owned subsidiary,...

8M ago

Thermax Limited Secures Legal Victory as High Court Overturns Arbitral Award

Thermax Limited. ( ($IN:THERMAX) ) has provided an announcement. Thermax Limited announced that the Bombay High Court has...

9M ago

Thermax Limited Expands Investment in Chemical Solutions Subsidiary

Thermax Limited. ( ($IN:THERMAX) ) has provided an announcement. Thermax Limited has announced an additional equity investment in...

10M ago

Thermax Limited Announces 44th AGM and E-Voting Details

Thermax Limited. ( ($IN:THERMAX) ) has issued an announcement. Thermax Limited has announced the publication of a newspaper...

1y ago

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 ₹444.42B.

When is Thermax Limited.’s upcoming earnings report date?

Thermax Limited.’s upcoming earnings report date is Nov 05, 2026 which is in 60 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. Get more investment ideas with TipRanks Premium

Does Thermax Limited. pay dividends?

Thermax Limited. pays a Annually dividend of ₹20 which represents an annual dividend yield of 0.55%. See more information on Thermax Limited. dividends here

What is Thermax Limited.’s EPS estimate?

Thermax Limited.’s EPS estimate is 14.27.

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.