Valuation: Thermax Limited

Capitalization 32TCr 352.05Cr 296.67Cr 270.75Cr 258.44Cr 479.91Cr 496.31Cr 3.15TCr 1.25TCr 15TCr 1.32TCr 1.29TCr 54TCr P/E ratio 2026 *
52.1x
P/E ratio 2027 * 38.9x
Enterprise value 33TCr 363.59Cr 306.4Cr 279.63Cr 266.91Cr 495.65Cr 512.59Cr 3.25TCr 1.29TCr 16TCr 1.36TCr 1.34TCr 55TCr EV / Sales 2026 *
3.1x
EV / Sales 2027 * 2.61x
Free-Float
24.87%
Yield 2026 *
0.5%
Yield 2027 * 0.6%
1 day-3.41%
1 week-4.01%
Current month-1.61%
1 month-3.99%
3 months-10.61%
6 months-13.50%
Current year-6.32%
1 week 2,815.1
Extreme 2815.1
2,970
1 month 2,751.1
Extreme 2751.1
3,090
Current year 2,751.1
Extreme 2751.1
3,120
1 year 2,742.7
Extreme 2742.7
4,091.8
3 years 1,985.05
Extreme 1985.05
5,839.95
5 years 1,135
Extreme 1135
5,839.95
10 years 570
Extreme 570
5,839.95
Manager TitleAgeSince
Chief Executive Officer 54 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 74 10/11/2016
Change 5d. change 1-year change 3-years change Capi.($)
-3.41%-4.01%-10.54%+32.14% 363.86Cr
-1.48%+1.24%+44.40%+178.27% 13TCr
-1.26%+0.36%+48.77%+46.82% 4.14TCr
-0.49%+0.57%+5.69%+68.15% 3.82TCr
-1.05%+6.46%+15.19%+48.75% 3.2TCr
+0.58%-8.01%-1.40%+19.54% 3.09TCr
+4.55%+11.48%+26.30%+4.14% 2.83TCr
+0.17%+5.72%+19.15%+15.81% 2.81TCr
-2.65%+5.43%+83.11%+266.34% 2.5TCr
-0.54%+1.35%+83.88%+85.71% 2.37TCr
Average -0.49%+2.69%+31.45%+76.57% 3.77TCr
Weighted average by Cap. -0.56%+2.87%+36.01%+102.12%

Financials

2026 *2027 *
Net sales 11TCr 117.2Cr 99Cr 90Cr 86Cr 159.77Cr 165.24Cr 1.05TCr 416.37Cr 5.12TCr 439.55Cr 430.54Cr 18TCr 12TCr 137.16Cr 115.59Cr 105.49Cr 100.69Cr 186.98Cr 193.37Cr 1.23TCr 487.27Cr 5.99TCr 514.4Cr 503.85Cr 21TCr
Net income 637.62Cr 7.04Cr 5.93Cr 5.41Cr 5.17Cr 9.59Cr 9.92Cr 63Cr 25Cr 307.18Cr 26Cr 26Cr 1.07TCr 845.81Cr 9.34Cr 7.87Cr 7.18Cr 6.85Cr 13Cr 13Cr 83Cr 33Cr 407.48Cr 35Cr 34Cr 1.42TCr
Net Debt 1.05TCr 12Cr 9.73Cr 8.88Cr 8.48Cr 16Cr 16Cr 103.15Cr 41Cr 503.97Cr 43Cr 42Cr 1.76TCr 536.79Cr 5.92Cr 4.99Cr 4.56Cr 4.35Cr 8.08Cr 8.35Cr 53Cr 21Cr 258.61Cr 22Cr 22Cr 903.17Cr
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
12/26/12 2,831.60 -3.41% 2,19,292
11/26/11 2,931.60 -0.97% 1,68,898
10/26/10 2,960.20 +2.31% 60,500
09/26/09 2,893.30 +0.72% 1,91,441
06/26/06 2,872.60 -1.23% 67,047
Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
2,831.60INR
Average target price
3,413.38INR
Spread / Average Target
+20.55%

Quarterly revenue - Rate of surprise

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