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THERMAX Stock Chart & Stats
₹3069.65
-₹115.10(-2.81%)
At close: 4:00 PM EST
₹3069.65
-₹115.10(-2.81%)
Day’s Range― - ―
52-Week Range₹2,744.20 - ₹5,277.00
Previous CloseN/A
Volume51.58K
Average Volume (3M)4.51K
Market Cap
₹545.82B
Enterprise Value₹369.58K
Total Cash (Recent Filing)₹24.67B
Total Debt (Recent Filing)₹23.53B
Price to Earnings (P/E)72.9
Beta0.76
Next Earnings
Jul 30, 2026EPS Estimate
13.81Next Dividend Ex-DateN/A
Dividend Yield0.48%
Share Statistics
EPS (TTM)63.95
Shares Outstanding119,156,300
10 Day Avg. Volume3,560
30 Day Avg. Volume4,507
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)75.42
Revenue Forecast (FY)₹125.13B
Bulls Say, Bears Say
Bulls Say
Diversified Business ModelThermax’s mix of equipment sales, EPC turnkey projects and recurring aftermarket/O&M and spares creates multiple durable revenue channels. An installed base plus service contracting supports predictable annuity-like cash flows and customer stickiness, reducing reliance on one-off project wins.
Steady Revenue & Solid MarginsConsistent top-line growth and mid-single-digit margins reflect structural demand for industrial energy and environmental systems. Stable profitability across cycles supports reinvestment into engineering and execution capabilities, underpinning long-term competitiveness in capital-intensive industrial markets.
Generally Healthy Balance SheetModerate leverage with rising equity and steady ROE indicates a well-capitalized operator able to bid on large EPC contracts and fund capex. This financial headroom supports strategic investments and tendering capacity, helping maintain market position versus smaller competitors.
Bears Say
Weak Free Cash FlowNegative free cash flow despite positive operating cash flow signals elevated working capital and/or higher capex tied to project execution. Persistent FCF deficits reduce internal funding for growth, push reliance on external financing, and constrain capital allocation flexibility over the medium term.
Sharp Margin VolatilityA sudden large gross margin decline points to mix shifts, input-cost pressure or project accounting effects that materially weaken earnings quality. Such volatility undermines predictability of project returns and complicates long-term planning, pricing discipline and bid competitiveness.
Rising Leverage TrendThe clear upward trend in borrowing raises structural risk: with cash conversion choppy, higher leverage can strain liquidity, elevate refinancing needs and limit flexibility to fund large EPC awards or absorb project delays without raising cost of capital.
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 ₹545.82B.
When is Thermax Limited.’s upcoming earnings report date?
Thermax Limited.’s upcoming earnings report date is Jul 30, 2026 which is in 11 days.
How were Thermax Limited.’s earnings last quarter?
Thermax Limited. released its earnings results on May 07, 2026. The company reported ₹21 earnings per share for the quarter, beating the consensus estimate of ₹16.411 by ₹4.589.
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 0.48%. See more information on Thermax Limited. dividends here
What is Thermax Limited.’s EPS estimate?
Thermax Limited.’s EPS estimate is 13.81.
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 ₹21 in its last earnings report, beating expectations of ₹16.411. Following the earnings report the stock price went up 2.559%.
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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