ETPrime

Thermax Share Price

  • 3,167.2057.20 (1.84%)
  • Volume: 88,053
  • Closed
  • Last Updated On: 16 Oct, 2025, 03:57 PM IST
High: "5155.00",Open: "3860.35",Low: "3210.00",
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Thermax Share Price
  • 3,167.2057.20 (1.84%)
  • Volume: 88,053
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Stock Recommendations

  • Potential
    Upside

  • 1 Year
    Target

HOLD

Mean Recos by
21 Analysts

1

5

8

5

2

Strong Sell

Sell

Hold

Buy

Strong Buy

Unlock Potential Upside
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/10

Stock Score

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Earnings
Fundamentals
Relative Valuation
Risk
Price Momentum
No Rating (NR)
Negative
Neutral
Positive
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Key Metrics

PE Ratio
(x)		56.24
EPS - TTM
(₹)		56.32
MCap
(₹ Cr.)		37,739.18
Sectoral MCap Rank
8
PB Ratio
(x)		7.50
Div Yield
(%)		0.44
Face Value
(₹)		2.00
Beta

Beta

1 Month2.11
3 Months1.25
6 Months1.01
1 Year0.66
3 Years0.72

2.11
VWAP
(₹)		3,156.52
52W H/L
(₹)
5,719.00 / 2,950.05

Thermax share price insights

View All

  • In the last 20 years, only 2.27 % trading sessions saw intraday gains higher than 5 % .

  • Company witnessed QoQ revenue decline of 29.92%, which is lowest in the last 3 years. (Source: Consolidated Financials)

  • 5 day moving crossover appeared today. Average price gain of 4.26% within 7 days of this signal in last 5 years.

  • Company has spent 1.12% of its operating revenues towards interest expenses and 12.21% towards employee cost in the year ending Mar 31, 2025. (Source: Consolidated Financials)

  • Thermax Ltd. share price moved up by 1.84% from its previous close of Rs 3,110.00. Thermax Ltd. stock last traded price is 3,167.20

    Share PriceValue
    Today/Current/Last3,167.20
    Previous Day3,110.003,115.05

InsightsThermax

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    Thermax Share Price Returns

    1 Day1.84%
    1 Week-0.48%
    1 Month-4.57%
    3 Months-13.13%
    1 Year-39.34%
    3 Years56.31%
    5 Years329.04%

    ET Stock ScreenersTop Score Companies

    Check whether Thermax belongs to analysts' top-rated companies list?

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    Thermax News & Analysis

    View all Thermax Share News & Announcements

    Thermax Share Recommendations

    Recent Recos

    HOLD

    Current

    Mean Recos by 21 Analysts

    Strong
    Sell    SellHoldBuyStrong
    Buy
    • Target₹4237
    • OrganizationPrabhudas Lilladher
    • REDUCE
    • Target₹3045
    • OrganizationICICI Securities
    • ADD

    Analyst Trends

    RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
    Strong Buy2222
    Buy5556
    Hold8886
    Sell5555
    Strong Sell1111
    # Analysts21212120
    View all Stock Recommendations

    Thermax Financials

    • Insights

      • Quarterly Topline Performance

        Company witnessed QoQ revenue decline of 29.92%, which is lowest in the last 3 years. (Source: Consolidated Financials)

      • Employee & Interest Expense

        Company has spent 1.12% of its operating revenues towards interest expenses and 12.21% towards employee cost in the year ending Mar 31, 2025. (Source: Consolidated Financials)
      Quarterly | AnnualJun 2025Mar 2025Dec 2024Sep 2024Jun 2024
      Total Income2,215.813,161.782,539.272,671.362,268.50
      Total Income Growth (%)-29.9224.52-4.9417.76-19.53
      Total Expenses1,973.962,830.602,353.842,375.692,079.29
      Total Expenses Growth (%)-30.2620.25-0.9214.25-18.15
      EBIT241.85331.18185.43295.67189.21
      EBIT Growth (%)-26.9778.60-37.2856.27-32.07
      Profit after Tax (PAT)152.38205.73115.90197.03115.81
      PAT Growth (%)-25.9377.51-41.1870.13-39.15
      EBIT Margin (%)10.9110.477.3011.078.34
      Net Profit Margin (%)6.886.514.567.385.11
      Basic EPS (₹)13.5318.2710.2917.4910.28
      Quarterly | AnnualJun 2025Mar 2025Dec 2024Sep 2024Jun 2024
      Total Income1,217.512,027.301,493.581,556.241,379.48
      Total Income Growth (%)-39.9435.73-4.0312.81-22.91
      Total Expenses1,152.191,681.461,361.201,412.071,257.33
      Total Expenses Growth (%)-31.4823.53-3.6012.31-22.49
      EBIT65.32345.84132.38144.17122.15
      EBIT Growth (%)-81.11161.25-8.1818.03-27.00
      Profit after Tax (PAT)46.47275.05103.18107.9385.98
      PAT Growth (%)-83.10166.57-4.4025.53-33.12
      EBIT Margin (%)5.3717.068.869.268.85
      Net Profit Margin (%)3.8213.576.916.946.23
      Basic EPS (₹)3.9023.098.669.067.22
      Quarterly | Annual FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
      Total Revenue10,640.919,556.038,249.996,255.344,898.99
      Total Revenue Growth (%)11.3515.8331.8927.69-15.99
      Total Expenses9,756.208,761.747,646.705,845.374,571.27
      Total Expenses Growth (%)11.3514.5830.8227.87-16.23
      Profit after Tax (PAT)634.47645.28450.29312.31206.58
      PAT Growth (%)-1.6843.3044.1851.18-2.76
      Operating Profit Margin (%)9.649.457.927.107.27
      Net Profit Margin (%)6.106.925.565.094.31
      Basic EPS (₹)56.3357.3039.9827.7318.34
      Quarterly | Annual FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
      Total Revenue6,456.606,015.425,277.504,139.953,271.88
      Total Revenue Growth (%)7.3313.9827.4826.53-1.43
      Total Expenses5,837.195,437.444,853.213,869.892,985.93
      Total Expenses Growth (%)7.3512.0425.4129.60-2.72
      Profit after Tax (PAT)572.14437.44329.26200.79141.02
      PAT Growth (%)30.7932.8663.9842.38-34.10
      Operating Profit Margin (%)10.4010.338.637.059.40
      Net Profit Margin (%)9.147.516.405.004.50
      Basic EPS (₹)48.0236.7127.6316.8511.83

      All figures in Rs Cr, unless mentioned otherwise

      View Details
    • Annual FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
      Total Assets12,038.0210,153.018,838.617,461.116,506.87
      Total Assets Growth (%)18.5714.8718.4614.679.25
      Total Liabilities7,095.445,713.214,968.393,968.623,255.48
      Total Liabilities Growth (%)24.1914.9925.1921.9111.18
      Total Equity4,942.584,439.803,870.223,492.493,251.39
      Total Equity Growth (%)11.3214.7210.827.427.38
      Current Ratio (x)1.301.361.381.261.45
      Total Debt to Equity (x)0.340.280.210.100.09
      Contingent Liabilities728.361,086.66956.05529.581,806.30
      Annual FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
      Total Assets7,245.756,747.376,151.315,425.475,032.47
      Total Assets Growth (%)7.399.6913.387.8114.12
      Total Liabilities3,277.993,210.672,933.552,424.472,153.09
      Total Liabilities Growth (%)2.109.4521.0012.6028.75
      Total Equity3,967.763,536.703,217.763,001.002,879.38
      Total Equity Growth (%)12.199.917.224.225.18
      Current Ratio (x)1.381.291.361.171.51
      Total Debt to Equity (x)0.020.090.070.060.05
      Contingent Liabilities1,278.621,650.903,028.222,580.182,687.04

      All figures in Rs Cr, unless mentioned otherwise

      View Details

    • Insights

      • Increase in Cash from Investing

        Company has used Rs 1240.55 cr for investing activities which is an YoY increase of 143.62%. (Source: Consolidated Financials)
      Annual FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
      Net Cash flow from Operating Activities1,042.79247.30459.56324.71769.48
      Net Cash used in Investing Activities-1,240.55-509.21-679.68-421.58-635.68
      Net Cash flow from Financing Activities123.55285.40348.54-20.5877.24
      Net Cash Flow-53.7819.02144.29-115.37219.81
      Closing Cash & Cash Equivalent412.97466.75447.73303.44418.81
      Closing Cash & Cash Equivalent Growth (%)-11.524.2547.55-27.55110.46
      Total Debt/ CFO (x)1.625.081.761.090.40
      Annual FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
      Net Cash flow from Operating Activities374.1790.79418.6893.87409.01
      Net Cash used in Investing Activities-125.94103.39-337.63-100.17-375.16
      Net Cash flow from Financing Activities-393.67-51.38-81.49-52.6462.92
      Net Cash Flow-145.44142.80-0.44-58.9496.77
      Closing Cash & Cash Equivalent118.18263.62120.82121.26180.20
      Closing Cash & Cash Equivalent Growth (%)-55.17118.19-0.36-32.71115.99
      Total Debt/ CFO (x)0.233.390.531.920.34

      All figures in Rs Cr, unless mentioned otherwise

      View Details
    • Annual FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
      Return on Equity (%)12.8514.5311.648.946.35
      Return on Capital Employed (%)15.6416.2414.4611.7510.13
      Return on Assets (%)5.276.355.094.183.17
      Interest Coverage Ratio (x)9.9311.7620.1621.7922.43
      Asset Turnover Ratio (x)0.940.980.990.670.57
      Price to Earnings (x)64.9473.5357.4770.4273.53
      Price to Book (x)8.3410.646.676.264.66
      EV/EBITDA (x)35.9546.1433.6138.8029.21
      EBITDA Margin (%)11.1611.049.368.949.66
      Annual FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
      Return on Equity (%)14.4112.3610.236.694.89
      Return on Capital Employed (%)15.9616.6613.539.129.83
      Return on Assets (%)7.896.485.353.702.80
      Interest Coverage Ratio (x)23.2228.3026.4126.3041.83
      Asset Turnover Ratio (x)0.890.900.890.770.66
      Price to Earnings (x)76.34114.9483.33116.28114.94
      Price to Book (x)10.9714.138.487.715.57
      EV/EBITDA (x)59.6674.0552.4165.2841.26
      EBITDA Margin (%)11.6511.5810.058.7311.44

    Financial InsightsThermax

    • Income (P&L)
    • Cash Flow

      • Quarterly Topline Performance

        Company witnessed QoQ revenue decline of 29.92%, which is lowest in the last 3 years. (Source: Consolidated Financials)

      • Employee & Interest Expense

        Company has spent 1.12% of its operating revenues towards interest expenses and 12.21% towards employee cost in the year ending Mar 31, 2025. (Source: Consolidated Financials)

      • Increase in Cash from Investing

        Company has used Rs 1240.55 cr for investing activities which is an YoY increase of 143.62%. (Source: Consolidated Financials)

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    Thermax Share Price Forecast

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      • Details about company earnings
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      • Details about company earnings
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    Thermax Technicals

    • Bullish / Bearish signals for Thermax basis selected technical indicators and moving average crossovers.

      5 Day EMA Crossover

      Bullish signal on daily chart

      Appeared on: 16 Oct 2025

      5D EMA: 3153.14

      Last 4 Buy Signals:9 Oct 2025
      Date7 days Gain/Loss %
      9 Oct 20251.45%
      7 Oct 20250.04%
      23 Sep 20250.48%
      18 Sep 20251.05%

      Average price gain of 4.26% within 7 days of Bullish signal in last 5 years

      Heikin-Ashi Changeover

      Bullish indication on daily chart

      • Prev. Close Price

        3143.55

      • LTP

        3167.20

      Formed on:

    Thermax Peer Comparison

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        • Ratio Performance

          NAMEP/E (x)P/B (x)ROE %ROCE %ROA %Rev CAGR [3Yr]OPMNPMBasic EPSCurrent RatioTotal Debt/ Equity (x)Total Debt/ CFO (x)
          Thermax56.247.6412.8515.645.2719.169.646.0356.331.300.341.62
          Siemens Energy India Ltd.110.2529.5710.8012.935.500.0020.8415.4011.482.100.000.00
          Siemens45.347.2317.6822.4210.6918.4616.6312.2276.332.260.000.00
          ABB India61.5215.6126.4535.5415.1020.6920.7515.3588.322.040.000.00
          Honeywell62.367.9012.9617.179.3412.8517.0012.49592.153.570.000.00
          Add More
          Annual Ratios (%)

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          • Affordable Robotic

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          Peers InsightsThermax

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            Thermax Shareholding Pattern

            • Loading...
              Showing Thermax Shareholding as on Sep 2025
              CategorySep 2025Jun 2025Mar 2025Dec 2024
              Promoters61.9861.9861.9861.98
              Pledge0.000.000.000.00
              FII13.4416.0215.8615.49
              DII13.9511.7412.2512.65
              Mutual Funds12.5610.7111.2611.87
              Others10.6210.269.909.87
            • Showing Shareholding as on Sep 2025
              CategoryNo. of SharesPercentage% Change QoQ
              Promoters7,38,55,99561.98 %0.00
              Pledge00.00 %0.00
              FII1,60,14,92913.44 %-2.58
              DII1,66,25,46913.95 %2.21
              MF1,49,70,12212.56 %1.84
              Others1,26,59,90710.62 %0.36

            Thermax MF Ownership

            • Equity: Large Cap
              4

              • 919.39

                Amount Invested (in Cr.)

              • 1.74027669%

                % of AUM

              • 0.00

                % Change (MoM basis)

            • Equity: Flexi Cap
              3

              • 729.17

                Amount Invested (in Cr.)

              • 1.87%

                % of AUM

              • 0.00

                % Change (MoM basis)

            • Equity: Flexi Cap
              3

              • 697.47

                Amount Invested (in Cr.)

              • 1.28961841%

                % of AUM

              • 0.00

                % Change (MoM basis)

            MF Ownership as on 30 September 2025

            View all Mutual Fund Schemes
            Top Searches:
            Thermax News Thermax Quarterly Results Thermax Dividend Thermax Q1 ResultsThermax Q2 ResultsThermax Q3 ResultsThermax Q4 Results

            Thermax Corporate Actions

            • Meeting DateAnnounced onPurposeDetails
              Jul 31, 2025Jul 08, 2025Board MeetingQuarterly Results
              Jul 31, 2025May 09, 2025AGM-
              May 09, 2025Apr 17, 2025Board MeetingAudited Results & Final Dividend
              Feb 18, 2025Jan 15, 2025POM-
              Feb 04, 2025Jan 10, 2025Board MeetingQuarterly Results
            • TypeDividendDividend per ShareEx-Dividend DateAnnounced on
              Final700%14.0Jul 04, 2025May 09, 2025
              Final600%12.0Jul 05, 2024May 10, 2024
              Final500%10.0Jul 21, 2023May 17, 2023
              Final450%9.0Jul 21, 2022May 20, 2022
              Final350%7.0Jul 22, 2021May 25, 2021
            • All TypesEx-DateRecord DateAnnounced onDetails
              SplitsMar 31, 2006Apr 10, 2006Jan 31, 2006Split: Old FV10.0| New FV:2.0
              BonusSep 08, 2003Sep 09, 2003May 29, 2003Bonus Ratio: 2 share(s) for every 1 shares held

            About Thermax

            Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 37,739.18 Crore) operating in Engineering sector. Thermax Ltd. key Products/Revenue Segments include Sale of services, Export Incentives, Scrap, Commission, Royalty Income for the year ending 31-Mar-2025. Show More

            • Executives

            • Auditors

            • MP

              Meher Pudumjee

              Chairperson
              AB

              Ashish Bhandari

              Managing Director & CEO
              PP

              Pheroz Pudumjee

              Non Exe.Non Ind.Director
              HM

              Harsh Mariwala

              Non-Executive, Lead Independent Director
              Show More
            • SRBC & Co LLP

            Industry

            Capital Goods - Diversified

            Key Indices Listed on

            Nifty 500, BSE 500, Nifty Energy, + 15 more

            Address

            D-13, MIDC, Industrial Area, R D Aga Road,Chinchwad,Pune, Maharashtra - 411019

            Contact

            [email protected]

            http://www.thermaxglobal.com

            More Details

            FAQs about Thermax share

            • 1. What is Thermax share price and what are the returns for Thermax share?
              As on 16 Oct, 2025, 03:59 PM IST Thermax share price is up by 1.84% basis the previous closing price of Rs 3,107.4. Thermax share price is Rs 3,167.20. Return Performance of Thermax Shares:
              • 1 Week: Thermax share price moved down by 0.48%
              • 6 Month: Thermax share price moved down by 5.92%
            • 2. What are the returns for Thermax share?
              Return Performance of Thermax Shares:
              • 1 Week: Thermax share price moved down by 0.48%
              • 6 Month: Thermax share price moved down by 5.92%
            • 3. What's the market capitalization of Thermax?
              Thermax share has a market capitalization of Rs 37,739.18 Cr. Within Engineering sector, it's market cap rank is 8.
            • 4. What has been highest price of Thermax share in last 52 weeks?
              52 Week high of Thermax share is Rs 5,719.00 while 52 week low is Rs 2,950.05
            • 5. What is the PE & PB ratio of Thermax?
              The PE ratio of Thermax stands at 55.22, while the PB ratio is 7.09.

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