Valuation: Thermax Limited

Capitalization 54TCr 571.17Cr 494.63Cr 453.86Cr 427.01Cr 795.31Cr 807.75Cr 5.39TCr 2.1TCr 26TCr 2.14TCr 2.1TCr 92TCr P/E ratio 2026
51x
P/E ratio 2027 * 65.1x
Enterprise value 55TCr 581.09Cr 503.23Cr 461.74Cr 434.42Cr 809.12Cr 821.78Cr 5.49TCr 2.14TCr 27TCr 2.18TCr 2.13TCr 93TCr EV / Sales 2026
3.54x
EV / Sales 2027 * 4.44x
Free-Float
24.89%
Yield 2026
0.43%
Yield 2027 * 0.38%
1 day-0.90%
1 week-3.02%
Current month-3.02%
1 month+17.47%
3 months+57.72%
6 months+69.80%
Current year+59.87%
1 week 4,722.1
Extreme 4722.1
5,016.1
1 month 4,088.4
Extreme 4088.4
5,075
Current year 2,749.8
Extreme 2749.8
5,075
1 year 2,742.7
Extreme 2742.7
5,075
3 years 2,191.85
Extreme 2191.85
5,839.95
5 years 1,286.95
Extreme 1286.95
5,839.95
10 years 570
Extreme 570
5,839.95
Manager TitleAgeSince
Chief Executive Officer 55 07/04/2020
Director of Finance/CFO - 01/06/2019
Compliance Officer - 27/06/2025
Director TitleAgeSince
Chairman 59 05/10/2004
Director/Board Member - 15/01/2001
Director/Board Member 75 10/11/2016
Change 5d. change 1-year change 3-years change Capi.($)
-0.90%-3.02%+36.83%+103.12% 573.68Cr
+1.16%+4.46%+33.29%+161.53% 11TCr
-1.95%-3.09%+105.15%+52.14% 4.55TCr
+0.60%+1.61%+21.17%+55.76% 2.87TCr
+0.33%+0.85%-11.75%+19.07% 2.82TCr
-2.82%+0.60%+27.66%+58.22% 2.81TCr
-0.22%+0.37%-13.20%+3.56% 2.62TCr
+0.29%-5.57%+21.30%-19.51% 2.57TCr
-1.50%+1.95%+94.00%+227.02% 2.48TCr
-0.52%+3.85%+30.20%+35.70% 2.39TCr
Average -0.55%+1.96%+34.46%+69.66% 3.47TCr
Weighted average by Cap. -0.19%+2.08%+37.38%+88.15%

Financials

2026 2027 *
Net sales 11TCr 111.53Cr 97Cr 89Cr 83Cr 155.3Cr 157.73Cr 1.05TCr 409.97Cr 5.14TCr 418.77Cr 409.66Cr 18TCr 13TCr 131.99Cr 114.3Cr 104.88Cr 99Cr 183.78Cr 186.66Cr 1.25TCr 485.16Cr 6.08TCr 495.58Cr 484.8Cr 21TCr
Net income 640.39Cr 6.72Cr 5.82Cr 5.34Cr 5.02Cr 9.36Cr 9.5Cr 63Cr 25Cr 309.7Cr 25Cr 25Cr 1.08TCr 857.84Cr 9Cr 7.8Cr 7.15Cr 6.73Cr 13Cr 13Cr 85Cr 33Cr 414.86Cr 34Cr 33Cr 1.44TCr
Net Debt 945.54Cr 9.92Cr 8.59Cr 7.88Cr 7.42Cr 14Cr 14Cr 94Cr 36Cr 457.27Cr 37Cr 36Cr 1.59TCr 1.43TCr 15Cr 13Cr 12Cr 11Cr 21Cr 21Cr 141.68Cr 55Cr 691.32Cr 56Cr 55Cr 2.4TCr
Logo Thermax Limited
Thermax Limited is an India-based energy and environment solutions provider. The Company's segments include Industrial Products, Industrial Infra, Green Solutions and Chemical. Industrial Products segment includes air pollution control, cooling, heating, water and waste solutions, and specialized services. Industrial Infra segment includes boilers and fired heaters, projects and energy solutions, and specialized services. Green Solutions segment includes build-own-operate, energy management solutions, green hydrogen projects and renewable energy (solar/wind). Chemical segment includes construction chemicals, ion exchange resins, oil field chemicals and performance chemicals. Its Thermax EDGE Live is a digital solution that uses AI and machine learning to analyze data from all industrial equipment worldwide and help clients to optimize asset performance in terms of up time and efficiency. It serves various industries, including aviation, construction, biotechnology and chemicals.
Employees
5,601
Date Price Change Volume
05/26/05 4,832.10 -0.90% 2,03,060
04/26/04 4,875.90 +1.91% 3,63,756
03/26/03 4,784.50 -3.73% 3,23,481
02/26/02 4,969.70 -0.46% 3,34,807
01/26/01 4,992.80 +0.20% 3,41,725
Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
22
Last Close Price
4,832.10INR
Average target price
4,384.82INR
Spread / Average Target
-9.26%

Quarterly revenue - Rate of surprise

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