Thermax Ltd.
NSE: THERMAX | BSE: 500411
₹4,750.00
₹10.10
(0.21%)
As on 10-Jun-2026 09:07IST
Market cap
₹56,509 Cr
Revenue (TTM)
₹10,687 Cr
P/E Ratio
78.4
P/B Ratio
10.2
Div. Yield
0.4 %
Quality Score
4/10
Growth Score
7/10
Valuation Score
3/10
Momentum Score
10/10
Stock Range
Today’s Range
52 Week Range
Liquidity
Fundamentals
-
Net Profit (TTM)
₹721 Cr
-
ROE
13.4 %
-
ROCE
16.2 %
-
Industry P/E
43.05
-
EV/EBITDA
44.5
-
Debt to Equity
0.3
-
Book Value
₹465.9
-
EPS
₹56.8
-
Face value
2
-
Shares outstanding
119,156,300
10 Years Aggregate
CFO
₹4,174.75 Cr
EBITDA
₹5,168.65 Cr
Net Profit
₹3,613.22 Cr
Performance
|
Company
|
YTD
|
1 Month
|
3 Months
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|---|---|---|---|---|---|---|---|
|
Thermax
| 57.1 | 1.5 | 55.0 | 33.3 | 26.5 | 25.5 | 19.6 |
|
BSE CG
| 18.8 | -1.6 | 14.1 | 10.6 | 26.0 | 27.9 | 18.3 |
|
Company
|
2025
|
2024
|
2023
|
2022
|
2021
|
2020
|
2019
|
|---|---|---|---|---|---|---|---|
|
Thermax
| -23.2 | 30.7 | 56.6 | 10.1 | 97.5 | -18.7 | -4.3 |
|
BSE Mid Cap
| 1.1 | 25.8 | 45.5 | 1.4 | 39.2 | 19.9 | -3.0 |
|
BSE CG
| -1.0 | 21.6 | 66.9 | 16.0 | 53.4 | 10.6 | -10.0 |
Essential Checks
View DetailsIs there a threat to the company's solvency?
Can creative accounting be detected through the financial numbers?
How did the company perform in the last one year?
Financials
View DetailsKey Ratios
View Details
5Y Avg -- 3Y Avg -- TTM --
P/E Ratio
--
--Min --Median --Max
P/B Ratio
--
--Min --Median --Max
Earnings Yield (%)
--
Earnings Yield (%) = EBIT / Enterprise value
PEG Ratio
--
Price = Price / Earnings to growth ratio
Peers
View DetailsCompany |
Price (₹) | Market Cap (₹ Cr) | Revenue (TTM) | Net Profit (TTM) | OPM (%) | ROE (%) | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
|
Thermax
|
4,750.0 | 56,509.3 | 10,686.8 | 720.7 | 7.7 | 12.8 | 78.4 | 10.2 |
| 6,905.5 | 1,46,751.9 | 13,227.2 | 2,977.3 | 13.0 | 20.5 | 95.5 | 17.9 | |
| 4,475.7 | 41,935.4 | 4,419.9 | 1,255.0 | 25.9 | 16.5 | 33 | 5.2 | |
| 583.0 | 6,644.8 | 2,102.5 | 225.2 | 12.1 | 17.2 | 29.5 | 4.8 | |
| 397.0 | 1,38,011.6 | 33,782.2 | 1,539.2 | 6.0 | 6.3 | 86.2 | 5.3 | |
| 536.8 | 11,961.6 | 2,366.1 | 341.2 | 17.7 | 15.9 | 35.1 | 5.2 | |
| 639.0 | 14,466.4 | 2,093.1 | 336.0 | 22.8 | 17.5 | 43.1 | 7.2 | |
| 1,860.0 | 26,917.8 | 7,701.0 | 562.5 | 16.1 | 17 | 46.9 | 7.4 | |
| 72.3 | 10,668.0 | 1,301.1 | 155.5 | 12.8 | 13.3 | 56.2 | 6.4 | |
| 1,800.1 | 13,518.1 | 1,691.9 | 136.6 | 8.0 | 5.8 | 94.8 | 4.0 |
Shareholding Pattern
View DetailsNews & Analysis
All News
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About Thermax
Thermax Limited provides energy, environment, and chemical solutions in India and internationally. It operates through Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The company offers vapour absorption and hybrid... chillers, triple effect chillers, chiller-heaters, heat pumps, heat pump chillers, and heat transformers; evaporative condensers, closed loop cooling towers, adiabatic and dry coolers, and air-cooled heat exchangers; industrial refrigeration; and renewable energy solutions. It also provides biomass fired, fixed plate, spent wash fired, waste to energy, oil and gas fired, lean gas fired, waste heat recovery, and steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. In addition, the company offers air pollution control, and water and waste solutions; chemicals, such as ion exchange resins, performance, construction, water treatment, oil field, and paper chemicals; and steam engineering solutions. Further, it operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. 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. The company was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited. Read more
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Incorporated
1980
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Chairman
Meher Pudumjee
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Managing Director
Ashish Bhandari
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Group
Thermax
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Headquarters
Pune, Maharashtra
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Website
Value Research Ratings
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Quarterly Updates
Annual Reports
Announcements
View AnnouncementsAnnouncement under Regulation 30 (LODR)-Demise
08-May-2026No News & Announcements are available.
FAQs for Thermax
What is the current share price of Thermax Ltd Today?
The share price of Thermax Ltd is ₹4,750.00 (NSE) and ₹4,743.70 (BSE) as of 10-Jun-2026 09:07 IST. Thermax Ltd has given a return of 26.5% in the last 3 years.
What is the current PB & PE ratio of Thermax Ltd?
The P/E ratio of Thermax Ltd is 78.43 times as on 09-Jun-2026, a 82 premium to its peers’ median range of 43.05 times.
The P/B ratio of Thermax Ltd is 10.18 times as on 09-Jun-2026, a 108 premium to its peers’ median range of 4.89 times.
PE & PB ratio at the end of financial year.
| Year | P/E Ratio | P/B Ratio |
|---|---|---|
|
2025
|
64.88
|
8.35
|
|
2024
|
73.21
|
10.65
|
|
2023
|
57.26
|
6.67
|
|
2022
|
70.05
|
6.26
|
|
2021
|
73.37
|
4.66
|
What is the 52 Week High and Low of Thermax Ltd?
The 52-week high and low of Thermax Ltd are Rs 5,075.00 and Rs 2,742.70 as of 10-Jun-2026.
What is the market cap of Thermax Ltd?
Thermax Ltd has a market capitalisation of ₹ 56,509 Cr as on 09-Jun-2026. As per SEBI classification, it is a Mid Cap company.
Should I invest in Thermax Ltd?
Before investing in Thermax Ltd, assess your goals, risk tolerance, and if the company aligns with your long-term plan. Carefully review its business model, financials, and valuation. Avoid making decisions based on tips or short-term trends.
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