THERMAX

Heavy Electrical Equipment

Thermax Ltd.

NSE: THERMAXBSE: 500411ISIN: INE152A01029
₹4,514.00
-64.00 · -1.40%
As of 24 Jul 2026
Open
₹4,568.00
High
₹4,573.00
Low
₹4,465.50
Prev Close
₹4,578.00
52W High
₹5,277.80
52W Low
₹2,742.70
Volume
88.2 K
Mkt Cap
₹53,629 Cr
Fundamentals
Valuation & profitability
Market Cap
₹53,629 Cr
P/E Ratio
101
EPS (TTM)
₹44.69
Book Value
₹373.00
Dividend Yield
0.24%
ROCE
16.9%
ROE
14.2%
Sales Growth
25%
Face Value
₹2.00
Company overview
Thermax Ltd.

In 1980, Thermax was incorporated, and it also offers engineering solutions to several industries. The company also provides a spectrum of products and services in heating, cooling, waste heat recovery, water treatment, captive power, recycling, and waste management.

Besides India, the company has a global presence in countries such as China, Bangladesh, Sri Lanka, Indonesia, Malaysia, UAE, Thailand, Philippines, Nigeria, Kenya, Saudi Arabia, Russia, Belgium, UK, USA, Peru, Brazil, and Chile.

The company also offers several products and services to sectors such as power, cement, fertilizers, petrochemicals, textiles, food, dairy, sugar, pharmaceuticals, refineries, distillery, and aluminum.

The Products and services of the Company:

Boilers and Heaters:In this division, it manufactures boilers and heaters as per the industry requirements such as steam boilers, hot water generators, thermal oil heaters, exhaust gas boilers, fired heaters are among others.

Absorption cooling:In this division, it manufactures the vapor absorption machine that is cost-effective chillers. This specific product portfolio consists of hot water driven chillers, steam-driven chillers, multi energy-driven chillers, and many more.

Key highlights
Auto-generated from live data
  • Trades at a P/E of 101, with a return on equity (ROE) of 14.2%.
  • THERMAX is trading above 2 of 5 of its key moving averages (10/20/50/100/200-DMA) — a bearish technical setup.
  • Year-to-date it is up 52.42%, and up 52.6% over the past year.
  • At ₹4,514.00 it sits about 70% of the way up its 52-week range (₹2,742.70–₹5,277.80).
  • Offers a dividend yield of 0.24%.
  • Market capitalisation stands at ₹53,629 Cr.
Price chart
Daily candles + volume · SMA 20 / 50 / 200 · stored OHLC
Shareholding pattern

Shareholding data syncs daily.

Performance
Stock returns vs Nifty 50
10D
+5.04%
Nifty -0.64%
20D
+0.18%
Nifty -1.72%
50D
-3.72%
Nifty +2.68%
100D
+18.14%
Nifty -1.14%
200D
+51.62%
Nifty -8.93%
YTD
+52.42%
Nifty -8.59%
52W
+52.60%
Nifty -7.86%
Moving averages
Simple moving averages vs current price
2/5 above · Bearish
SMA 10-Day
₹4,619.60Below
SMA 20-Day
₹4,738.38Below
SMA 50-Day
₹4,706.63Below
SMA 100-Day
₹4,165.07Above
SMA 200-Day
₹3,588.48Above
Price ranges
Where the price sits in each window
10-Day range₹4,514.00
₹4,358.50₹4,880.00
20-Day range₹4,514.00
₹4,358.50₹5,277.80
50-Day range₹4,514.00
₹4,330.00₹5,277.80
200-Day range₹4,514.00
₹2,742.70₹5,277.80
YTD range₹4,514.00
₹2,749.80₹5,277.80
52-Week range₹4,514.00
₹2,742.70₹5,277.80
Technical signals
Unfilled gaps acting as support / resistance
Unfilled Gap Up On 08 May, 2026 : 4306.00 ~ 4290.00SUPPORT
Unfilled Gap Up On 11 Nov, 2021 : 1420.00 ~ 1367.80SUPPORT
Unfilled Gap Up On 17 Nov, 2020 : 793.50 ~ 791.90SUPPORT
Annual financials
Revenue, profit & EPS by financial year
YearRevenueNet ProfitEPSNPM
Mar 2023₹5,141 Cr₹329 Cr₹27.636.4%
Mar 2022₹4,015 Cr₹201 Cr₹16.855.01%
Mar 2021₹4,791 Cr₹207 Cr₹17.344.32%
Mar 2020₹5,731 Cr₹212 Cr₹17.833.7%
Mar 2020₹5,731 Cr₹212 Cr₹17.833.7%
Mar 2019₹5,973 Cr₹325 Cr₹28.905.44%
Mar 2019₹5,973 Cr₹325 Cr₹28.905.44%
Mar 2018₹4,465 Cr₹232 Cr₹20.615.2%
Mar 2017₹4,483 Cr₹223 Cr₹19.814.97%
Mar 2016₹5,145 Cr₹282 Cr₹25.075.48%
Mar 2015₹5,304 Cr₹210 Cr₹16.173.96%
Mar 2014₹5,081 Cr₹246 Cr₹19.624.84%
Peer comparison
Other companies in Heavy Electrical Equipment
CompanyP/EBook ValueSales Growth
INOXWIND
Inox Wind Ltd
0₹88.23-29.73%
SIEMENS
SIEMENS LTD.
50.61₹253.958.18%
TDPOWERSYS
T D POWER SYSTEMS LTD.
29.93₹143.22-0.76%
ADANIGREEN
Adani Green Energy Ltd
388.54₹14.070%
ABB
ABB India Limited
48.91₹195.65-6.31%
HPL
HPL Electric & Power Limited
9.99₹115.35-0.38%
BGRENERGY
BGR ENERGY SYSTEMS LTD.
11.64₹191.13-0.09%
SWELECTES
Swelect Energy Systems Limited-$
21.32₹447.90-9.66%
BHEL
BHARAT HEAVY ELECTRICALS LTD.
17.77₹88.436.02%
TRIL
TRANSFORMERS AND RECTIFIERS (INDIA) LTD.
23.17₹24.7613.05%
UJAAS
Ujaas Energy Limited
8.11₹11.54-17.43%
Dividend history
Per share, by ex-date
Ex-Date: 21 Jul 2023₹10.00
Ex-Date: 21 Jul 2022₹9.00
Ex-Date: 22 Jul 2021₹7.00
Ex-Date: 20 Mar 2020₹7.00
Ex-Date: 25 Jul 2019₹7.00
Ex-Date: 26 Jul 2018₹6.00
Ex-Date: 27 Jul 2017₹6.00
Ex-Date: 28 Jul 2016₹6.00
Ex-Date: 16 Jul 2015₹7.00
Ex-Date: 10 Jul 2014₹6.00
Ex-Date: 11 Jul 2013₹7.00
Ex-Date: 12 Jul 2012₹7.00
Bulk & block deals
Recent large transactions
DateClientTypeQtyPrice
25 Oct 2022ISHARES CORE EMERGING MARKETS MAURITIUS COSALE1,23,725₹2,112.90
25 Oct 2022ISHARES CORE MSCI EMERGING MARKETS ETFPURCHASE1,23,725₹2,112.90
25 Oct 2022ISHARES INDIA SC MAURITIUS COMPANYSALE16,709₹2,112.90
25 Oct 2022ISHARES MSCI INDIA SMALL-CAP ETFPURCHASE16,709₹2,112.90
17 Oct 2022ISHARES CORE EMERGING MARKETS MAURITIUS COSALE1,23,604₹2,026.25
17 Oct 2022ISHARES CORE MSCI EMERGING MARKETS ETFPURCHASE1,23,604₹2,026.25
17 Oct 2022ISHARES INDIA SC MAURITIUS COMPANYSALE16,692₹2,026.25
17 Oct 2022ISHARES MSCI INDIA SMALL-CAP ETFPURCHASE16,692₹2,026.25
19 Sept 2022ISHARES CORE EMERGING MARKETS MAURITIUS COSALE41,105₹2,561.10
19 Sept 2022ISHARES CORE MSCI EMERGING MARKETS ETFPURCHASE41,105₹2,561.10
19 Sept 2022ISHARES INDIA SC MAURITIUS COMPANYSALE5,507₹2,561.10
19 Sept 2022ISHARES MSCI INDIA SMALL-CAP ETFPURCHASE5,507₹2,561.10

Fundamentals, financials & technicals sourced from niftytrader.in, cached and refreshed periodically.