Thermax Ltd Share Price

Q: What is the share price of Thermax Ltd today?

Thermax Ltd share price as on 31 Jan 2025 is ₹3767.1

Electric Equipment - General - Large

NSE: THERMAX Mid Cap ISIN: INE152A01029

As on 31 January 2025 at 14:14 IST

₹3,767.10

+ 83.85

(2.28%)

Sell Buy

About Thermax Ltd

Thermax Ltd. is a prominent Indian engineering company providing sustainable solutions in energy and environment. The company was initiated in the year 1966 by A.S. Bhathena. It has decades of experience in the engineering industry. The headquarters of the company is located in Pune, Maharashtra, India. Thermax's main products include boilers, heat recovery steam generators and water treatment plants. Also, it offers air pollution control equipment and absorption chillers. Thermax Ltd. falls under the engineering sector. The company is known for its comprehensive range of products and strong market presence. Read More...

Over 1 Month

-5.87%

Over 6 Months

-27.19%

Over 1 Year

19.45%

Over 3 Years

76.95%

Thermax Ltd Summary

Close ₹ 3,767.10

Open ₹ 3,692.75

High ₹ 3,794

Low ₹ 3,648.05

Volume 37,518

Net Turnover (in ₹ Cr) ₹ 17.33

52Wk High ₹ 5,839.95

52Wk Low ₹ 3,049.55

52Wk High / Low

3,049.55

5,839.95

Thermax Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 43,888.24

EPS (TTM) 35.66

Book Value (BV) 300.84

Div. Yield 0.33 %

P/E (TTM) 83.83

Price/Book Value 12.23

Delivery % 29.88 %

Face Value 2

Key Ratios

PE Ratio 114.29

PB Ratio 14.13

EV to Sales 8.58

PEG Ratio 3.48

ROA 11.16

ROE 12.95

Debt-Equity 0.08

Net Profit Margin 7.51

Operating Profit Margin 11.62

Thermax Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	9,556.03	8,249.99	6,255.34	4,898.99	5,831.31
Total Expenses	8,761.74	7,646.70	5,845.37	4,571.27	5,456.78
Profit Before Tax	868.96	603.06	410.10	275.19	374.53
Profit After Tax	643.19	450.70	312.31	206.58	212.45
Operating Profit after Depreciation	881.88	640.88	435.14	348.36	389.55

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	1,911.56	1,248.17	1,194.74	1,245.14	1,283.72
Total Non Current Assets	3,704.93	2,766.35	2,723.32	2,040.41	1,978.61
Total Current Assets	6,448.08	6,072.26	4,737.79	4,466.46	3,977.28
TOTAL ASSETS	10,153.01	8,838.61	7,461.11	6,506.87	5,955.89
Total Shareholder's Fund	4,439.80	3,868.07	3,492.49	3,251.39	3,027.90

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	247.30	459.56	324.71	769.48	325.58
Net Cash used in Investing Activities	-513.68	-663.81	-419.50	-626.91	-140.02
Net Cash used in Financing Activities	285.40	348.54	-20.58	77.24	-232.45

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	6,015.42	5,277.50	4,139.95	3,271.88	3,319.48
Total Expenses	5,437.44	4,853.21	3,869.89	2,985.93	3,069.44
Profit Before Tax	580.06	431.49	256.06	182.92	235.15
Profit After Tax	437.44	329.26	200.79	141.02	161.39
Operating Profit after Depreciation	601.82	443.87	283.39	294.52	255.27

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	753.89	713.80	746.10	773.78	748.08
Total Non Current Assets	2,701.93	2,247.60	2,708.08	1,948.10	2,086.77
Total Current Assets	4,045.44	3,903.71	2,717.39	3,084.37	2,323.07
TOTAL ASSETS	6,747.37	6,151.31	5,425.47	5,032.47	4,409.84
Total Shareholder's Fund	3,536.70	3,217.76	3,001	2,879.38	2,737.49

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	90.79	418.68	93.87	409.01	253.18
Net Cash used in Investing Activities	103.39	-337.63	-100.17	-375.16	-98.40
Net Cash used in Financing Activities	-51.38	-81.49	-52.64	62.92	-238.59

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	2,611.59	2,184.41	2,763.68	2,324.36	2,302.46
Total Expenses	2,333.65	2,043.68	2,490.53	2,137.27	2,098.09
Profit Before Tax	266.25	161.31	250.86	309.16	217.47
Profit After Tax	198	109.42	187.58	237.06	158.60
Operating Profit after Depreciation	337.71	224.82	328.55	245.49	270.23

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	1,518.76	1,310.95	1,737.64	1,479.78	1,443.90
Total Expenses	1,391.76	1,238.54	1,602.69	1,358.77	1,302.53
Profit Before Tax	135.87	116.18	160.57	257.69	102.39
Profit After Tax	107.93	85.98	128.55	200.62	64.39
Operating Profit after Depreciation	164.48	140.94	186.80	155.71	199.16

Thermax Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 3,641.52

S2 3,599.78

S3 3,536.72

Pivot 3,704.58

R1 3,746.32

R2 3,809.38

R3 3,851.12

Moving Average

20 SMA 3,861.85

50 SMA 4,274.39

100 SMA 4,664.07

200 SMA 4,773.56

Thermax Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Thermax Ltd

₹12/Share

Announcement Date 05 Jul 2024

Record Date 05 Jul 2024

Div Yield 600%

AGM Date: 02 Aug 2022

AGM 02/08/2022 Notice of the 41st Annual General Meeting (AGM) and Annual Report for FY 2021-22 'Annual General Meeting' of the Members of the Company, 'Record Date' and 'Dividend payment' (As Per BSE Announcement dated on 08.07.2022) Newspaper advertisement titled ''Notice of the 41 st Annual General Meeting and e-voting Information (As Per BSE Announcement Dated on 09.07.2022) Outcome of the 41st Annual General Meeting (AGM) of the Company held on August 2, 2022. (As Per BSE Announcement dated on 03.08.2022) voting results and the scrutinizer''s Report on the resolutions passed at the Annual General Meeting of the company held on Tuesday, August 2, 2022 Thermax Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here (As Per BSE Announcement Dated 04.08.2022)

AGM Date: 01 Aug 2023

Thermax Limited has submitted to the Stock Exchanges Notice of 42nd AGM and the Annual Report of the Company for the financial year 2022-23, which will be circulated to the shareholders through electronic mode today i.e. July 5, 2023. The 42nd AGM will be held on Tuesday, August 1, 2023 at 4.00 p.m. (IST) through Video Conferencing (VC) and Other Audio Visual Means (OVAM). Notice of the 42nd Annual General Meeting to be held on August 1, 2023 at 4:00 p.m. (IST). Thermax Limited has submitted summary of the proceedings of the 42nd Annual General Meeting held on August 1, 2023. (As Per BSE Announcement dated on 01.08.2023)

AGM Date: 01 Aug 2024

Thermax limited has submitted the Notice for the 43rd Annual General Meeting of the Company and Annual Report for FY 2023-24. The AGM is scheduled to be held on August 1, 2024 at 4:00 p.m. IST through video conference and other audio visual means. Thermax Limited has submitted the summary of proceedings of the 43rd Annual General Meeting of the Company held on August 1, 2024 along with Chairpersons Presentation made at the meeting. (As per BSE Announcement Dated on 01/08/2024)

Thermax Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Thermax Ltd	₹3,680.25	₹43,852.50
Cummins India Ltd	₹2,853	₹79,085.16
Jyoti CNC Automation Ltd	₹1,051.50	₹23,913.54
Carborundum Universal Ltd	₹1,169.05	₹22,257.02
Grindwell Norton Ltd	₹1,898.60	₹21,021.30
Elgi Equipments Ltd	₹530.45	₹16,810.44

Thermax Ltd News

Thermax Ltd drops for fifth straight session

Thermax Ltd is quoting at Rs 3678.55, down 2.36% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 4.84% in NIFTY and a 6.91% down 4.48% in the Nifty Energy index.

13 Jan 2025, 01:35 pm

Thermax to declare Quarterly Result

On 4 February 2025

10 Jan 2025, 05:48 pm

Thermax appoints Head of New Energy & Strategy

18 Nov 2024, 12:30 pm

Thermax gains after Q2 PAT climbs 25% YoY to Rs 198 cr

Thermax advanced 3.68% to Rs 5,083.60 after the company's consolidated net profit jumped 24.84% to Rs 198 crore on a 13.43% increase in revenue from operations to Rs 2,611.59 crore in Q2 FY25 over Q2 FY24.

14 Nov 2024, 11:27 am

Thermax to acquire 100% stake in Buildtech Products India

For a consideration of Rs 72 cr

25 Oct 2024, 07:25 pm

Thermax Ltd Stock Analysis

Annual revenue for Thermax Ltd increased by 13.98% to ₹6,015.42 crore in FY 2024 from ₹5,277.50 crore in FY 2023.
Annual Net Profit for Thermax Ltd increased by 32.86% to ₹437.44 crore in FY 2024 from ₹329.26 crore in FY 2023.
Promoter Shareholding in Thermax Ltd remains unchanged by 0.00% in the most recent quarter, from 61.98% in September 2024 to 61.98% in December 2024.
Thermax Ltd delivered a 1-year return of 19.45% compared to the Nifty 50, which provided a return of 8.03% as of the last trading session.
Thermax Ltd share price moved up by 2.28% from its previous close of INR ₹3,683.25. The latest Thermax Ltd share price is INR ₹3,767.10.
Thermax Ltd share price today has been at a low of 3,648.05 and a high of 3,794. Over the past 52 weeks, the Thermax Ltd share price has seen a low of 3,049.55 and a high of 5,839.95.

About Thermax Ltd

Thermax Ltd. is a prominent Indian engineering company. It provides sustainable solutions for energy and the environment. The company operates in the engineering sector. They specifically focus on energy, environment, and chemical solutions. Thermax Ltd. was founded in 1966 and has decades of experience in the industry.

The headquarters of Thermax Ltd. is located in Pune, Maharashtra, India. The company was founded by A.S. Bhathena and is currently promoted by RDA Holdings Private Limited. Its key promoters include Meher Pudumjee (Chairperson) and Ashish Bhandari (Managing Director & CEO). The other managerial promoters of the company include:

Pheroz Pudumjee
Harsh Mariwala
Jairam Varadaraj

Thermax's main products include boilers, heat recovery steam generators and water treatment plants. Besides this, the company offers air pollution control equipment and absorption chillers. They even provide solutions for process heating, power generation, and waste management. Additionally, Thermax offers chemicals such as ion exchange resins and performance chemicals.

Thermax Ltd. is a significant player in the engineering sector. The company is recognized for its innovative solutions and commitment to sustainability. The promoter shareholding in Thermax Ltd. stands at 61.98%, indicating strong promoter commitment to the business. RDA Holdings Private Ltd holds the major 53.99% stake in the company.

The registered office of Thermax Ltd. is located at D-13, MIDC, Industrial Area, Pune - 411019, Maharashtra, India. Its registrar & transfer agent is TSR Darashaw Consultants Pvt. Ltd. The company's registrar is located in Selenium Tower B, Plot No. 31-32, Gachibowli, Financial District, Nanakramguda, Seri, Hyderabad - 500032, Telangana.

Thermax Ltd. is a well-established engineering company in India. The company is known for its comprehensive range of products and strong market presence. Its commitment to customer satisfaction, innovation, and sustainability has strengthened its position as a reliable name in the engineering sector.

Influence of the Company

Thermax Ltd. emerges as a transformative force in India's engineering landscape. Their history represents a remarkable journey of innovation, technological excellence, and sustainable development. Established in 1966, the company has evolved from a promising engineering enterprise to a formidable player in the energy and environmental solutions sector. Their evolution consistently pushes the boundaries of technological innovation and sustainable engineering.

Technological and Industrial Impact
With a substantial market capitalization, Thermax Ltd. has positioned itself as a critical enabler of industrial infrastructure and technological advancement in India. The company's comprehensive product portfolio, including heat recovery steam generators, spanning boilers, water treatment plants, air pollution control equipment, and absorption chillers, demonstrates its multifaceted technological capabilities. Thermax has become an indispensable partner for industries seeking efficient and sustainable technological interventions. This is because they offer integrated solutions for process heating, power generation, and waste management.

The company's strategic approach goes beyond traditional manufacturing. They focus on developing intelligent, eco-friendly solutions that address complex industrial challenges. Its expertise in chemical solutions, including ion exchange resins and performance chemicals, further underscores its technological versatility. This comprehensive approach has enabled Thermax to serve diverse sectors, from manufacturing and power generation to infrastructure and environmental management.

Sustainability and Innovation Leadership
Thermax Ltd. has emerged as a pioneering force in sustainable engineering. This consistently demonstrates a commitment to environmental stewardship and technological innovation. The company's solutions are strategically designed to reduce carbon footprint, optimize resource utilization, and promote eco-friendly industrial practices. By integrating cutting-edge technologies with sustainable design principles, Thermax has positioned itself as a thought leader in the global push towards greener industrial solutions.

The leadership's vision, embodied by key members like Meher Pudumjee and Ashish Bhandari, has been instrumental in driving the company's innovative trajectory. With a promoter shareholding of 61.98%, the company maintains a strong alignment between strategic vision and operational execution. The leadership team's diverse expertise, including technological, financial, and human resource dimensions, has created a holistic approach to corporate growth and innovation.

Global and Digital Transformation
Thermax Ltd. has been at the forefront of digital transformation in the engineering sector. Under the leadership of the company’s board directors, it has embraced digital technologies to enhance operational efficiency and create intelligent engineering solutions. The integration of advanced digital technologies has enabled Thermax to develop smart maintenance solutions that optimize industrial performance.

The company's international presence extends beyond India. Its strategic partnerships and projects have been in multiple countries across Asia, Africa, and the Middle East. This global footprint demonstrates Thermax's ability to adapt its technological expertise to diverse industrial environments and emerging market challenges.

National and Global Contribution
Thermax Ltd. has played a significant role in India's industrial ecosystem. The company has not only contributed to technological advancement but has also created high-value employment opportunities. Also, it has supported the nation's technological self-reliance. Its solutions have been critical in addressing India's complex challenges in energy efficiency, environmental management, and industrial infrastructure development.

The company's journey reflects the potential of Indian engineering to develop sophisticated, environmentally responsible solutions that can address global challenges. As industries worldwide increasingly prioritize sustainability and efficiency, Thermax Ltd. stands to play a pivotal role in shaping the future of industrial technology and environmental management.