Thermax Share Price
(THERMAX)
Check the latest share price of Thermax, details on performance, fundamentals, analyst ratings, peer comparison, financials, company news, analysis, and shareholding pattern for informed investing decisions.
as on 04:01PM, 02 May 2025
NSE
Thermax Performance
Get real-time share price information, day’s high and low, historical returns and market stats.
Day's Low
Day's High
₹3,230Day's Price Range₹3,30552 Week's Low
52 Week's High
₹2,950.0552-Week Price Range₹5,839.95
| Returns % | |
| 1 Month Return | -8.69 % |
| 3 Month Return | -9.36 % |
| 1 Year Return | -32.01 % |
| Market Stats | |
| Previous Close | ₹3,291.30 |
| Open | ₹3,284.90 |
| Volume | 60.25K |
| Upper Circuit | ₹3,949.50 |
| Lower Circuit | ₹2,633.10 |
| Market Cap | ₹38,620.94Cr |
Thermax Fundamentals & Key Indicators
Check the fundamental ratios and key indicators of the company like P/E, P/B, PEG, Dividend yield etc.
Market Cap
₹38,620.94 Cr
Return on Equity (ROE)
12.95
PE Ratio (TTM)
58.97
Return on capital employed (ROCE)
16.28
Beta (LTM)
1.09
P/B Ratio
14.13
Dividend Yield
0.29
PEG Ratio
83.06
EPS (TTM)
57.12
Sector
Capital Goods-Non Electrical Equipment
Technical Analysis
Bearish
View Technical Analysis
How to invest in Thermax
Investing in Thermax is simple. You can open a free INDstocks investment account on the INDmoney App. Search for Thermax or THERMAX on the app to check live prices of the stock and click on Buy or SIP. You can invest by selecting the number of shares or set up a fixed SIP to invest every month or week.
For example: You can buy 10 shares of Thermax or start an SIP based on the market price on each investment date.
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Thermax Valuation
Track how the P/E of Thermax has moved over time to understand valuation trends.
Thermax in the last 5 years
Lowest (25.41x)
March 23, 2020
Industry (51.91x)
May 2, 2025
Today (58.97x)
May 2, 2025
Highest (116.86x)
March 10, 2021
Today’s Price to Earnings Ratio: 58.97x
Analysts Recommendation on Thermax
Get updated buy, sell, and hold recommendations by analysts on Thermax.
based on 21 analysts
38.10%
Buy
33.33%
Hold
28.57%
Sell
38.1% of analysts recommend a 'HOLD' rating for Thermax. Average target price of ₹3533.95
Source: S&P Global Market Intelligence
Analysts Forecast on Thermax
Get share price movements and forecasts by analysts on Thermax.
Thermax price forecast by 21 analysts
Upside of9.03%
High
₹5001
Target
₹3533.95
Low
₹2400
Thermax target price ₹3533.95, a slight upside of 9.03% compared to current price of ₹3241.2. According to 21 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Thermax revenue growth forecast
Expected growth rate Q1, FY2027:49.05%
Forecast
Actual
Including amortisation and stock based compensations
Thermax EPS growth forecast
EPS estimate Q1, FY2027:54.13%
Forecast
Actual
Source: S&P Global Market Intelligence
Thermax Financials
Get the annual and quarterly financial summary of Thermax, including revenue, profit, loss and more.
Thermax Index Inclusions
Thermax Earnings and Dividends
View detailed summary of the earnings and dividend history of Thermax.
Thermax Ltd Earnings Results
Thermax Ltd’s net profit fell -51.37% since last year same period to ₹115.90Cr in the Q3 2024-2025. On a quarterly growth basis, Thermax Ltd has generated -41.18% fall in its net profits since last 3-months.
Read More about Earnings ResultsThermax Ltd Dividends May,2024
In the quarter ending March 2024, Thermax Ltd has declared dividend of ₹12 - translating a dividend yield of 0.68%.
Read More about Dividends
Thermax Shareholding Pattern
View the shareholding pattern breakup of promoters, FIIs, DIIs, and retail investors in Thermax.
| Investors | Holdings % | Quarterly Trend | 3M change |
|---|---|---|---|
| Promoter Holdings | 61.98% | 0.00 | |
| Foreign Institutions | 15.86% | 0.00 | |
| Mutual Funds | 11.26% | 0.00 | |
| Retail Investors | 4.44% | 0.00 | |
| Others | 6.46% | 0.00 |
Thermax vs Peers
Compare market cap, revenue, PE, and other key metrics of Thermax with its industry peers.
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹38,620.94 Cr | 72.4% | 0.55 | ₹643 Cr | ₹9,323 Cr | |
| HOLD | ₹29,280.82 Cr | 19.8% | 0.53 | ₹1,136 Cr | ₹4,853 Cr | |
| BUY | ₹80,074.76 Cr | 134.89% | 0.52 | ₹1,720 Cr | ₹9,000 Cr | |
| HOLD | ₹78,186.25 Cr | 171.1% | 0.71 | ₹282 Cr | ₹23,892 Cr | |
| BUY | ₹1,15,511.26 Cr | 103.96% | 0.50 | NA | NA |
Thermax News & Key Events
Latest news and events at one place to help you take investing decisions in Thermax.
Thermax Faces Significant Stock Decline Amid Challenges - 03 May, 2025
Thermax's stock has dropped over 40% from its 2024 high due to slowing growth and increasing losses in green energy ventures. The company is struggling with execution delays and cost overruns, leading to diminished investor confidence despite CEO Ashish Bhandari's focus on energy transition services.Thermax Faces MSCI Exclusion and Stock Decline - 28 Apr, 2025
Thermax Ltd is expected to be removed from the MSCI India Standard Index, potentially leading to $120 million in outflows. The stock has fallen nearly 25% over the past year, with significant losses in recent months.Thermax Divests Stake in Covacsis Technologies - 04 Apr, 2025
Thermax Ltd has entered into a Share Purchase Agreement with Infinite Uptime Inc. to sell its stake in Covacsis Technologies for Rs 10 crore, resulting in Covacsis ceasing to be an associate company.
Insights on Thermax Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 15.49% to 15.86% in Mar 2025 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 4.40% to 4.44% in Mar 2025 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 61.98% of holdings in Mar 2025 quarter
- NO EFFECT
Against Peers
In the last 1 year, Schaeffler India Ltd has given -6.0% return, outperforming this stock by 26.0%
- NO EFFECT
Against Peers
In the last 3 years, AIA Engineering Ltd has given 63.2% return, outperforming this stock by 12.4%
NEGATIVE IMPACTRevenue Fall
Revenue is down for the last 2 quarters, 2.67K Cr → 2.53K Cr (in ₹), with an average decrease of 4.9% per quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 11.87% to 11.26% in Mar 2025 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 197.03 Cr → 115.9 Cr (in ₹), with an average decrease of 41.2% per quarter
- NEGATIVE IMPACT
Price Dip
In the last 7 days, THERMAX stock has moved down by -5.0%
About Thermax
Thermax's top products include boilers, chillers, water and waste management systems, air pollution control systems, and energy management systems. Its popular brands include Thermax, Thermion, and Thermofin. Thermax is also the leading supplier of energy efficient solutions in India, with its products helping customers reduce their energy consumption and carbon footprint.
Revenue: ₹2,507.76Cr as on December 2024 (Q4 24)
Net Profit: ₹113.73Cr as on December 2024 (Q4 24)
Listing date: 14 Jun, 1995
Chairperson Name: Meher P Pudumjee
| Organisation | Thermax Ltd |
| Headquarters | Pune |
| Industry | Capital Goods-Non Electrical Equipment |
| E-voting on shares | Click here to vote |
Indian Mutual Funds that own Thermax
Check out the Mutual Funds with significant holdings in Thermax.
| Funds | Holdings | Prev. 5M |
|---|---|---|
| SBI Focused Equity Fund Direct Plan Growth | 2.37% | |
| Kotak Flexicap Fund Direct Growth | 1.67% | |
| SBI Bluechip Fund Direct Growth | 1.28% | |
| Kotak Emerging Equity Scheme Direct Growth | 1.19% | |
| SBI Magnum Midcap Fund Direct Growth | 2.1% |
FAQs
What is Thermax Ltd price today?
Thermax Ltd share price today stands at ₹3241.2, Open: ₹3284.9, Previous Close: ₹3291.3, High: ₹3305, Low: ₹3230, 52 Week High: ₹5839.95, 52 Week Low: ₹2950.05.
How to Buy Thermax Ltd Share in India?
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What are today's traded volumes of Thermax Ltd?
Today's traded volume of Thermax Ltd(THERMAX) is 60.25K.
What is today's market capitalisation of Thermax Ltd?
Today's market capitalisation of Thermax Ltd(THERMAX) is ₹38,620.94 Cr.
What is the 52 Week High and Low Range of Thermax Ltd?
How much percentage Thermax Ltd is down from its 52 Week High?
Thermax Ltd (THERMAX) share price is ₹3241.2. It is down -44.50% from its 52 Week High price of ₹5839.95
How much percentage Thermax Ltd is up from its 52 Week low?
Thermax Ltd (THERMAX) share price is ₹3241.2. It is up 9.87% from its 52 Week Low price of ₹2950.05