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Capital GoodsNSE · BSE

Thermax Ltd.

THERMAX · ISIN INE152A01029

Share price

₹4,718 -0.48%

Market capitalisation

₹53151 CrClosed

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01 · Key metrics

Market cap

₹53151 Cr

Current price

₹4,718

-0.48% today

52W high

₹5,075

52W low

₹2,743

Stock P/E

73.72

P/B ratio

9.58

02 · Per share & returns

EPS (TTM)

₹64.00

Book value

₹493

ROE

13.69%

ROA

4.04%

Dividend yield

0.30%

Beta

0.3

03 · Financials (TTM)

By the numbers

Revenue

₹10694 Cr

+11.10% YoY

EBITDA

₹1026 Cr

Net profit

₹720 Cr

+18.70% YoY

Profit margin

6.74%

Operating margin

9.34%

Total debt

₹2353 Cr

Total cash

₹2467 Cr

Debt / equity

0.42x

Current ratio

1.22x

Payout ratio

21.89%

04 · Analyst view

Target price

₹4,409

Upside

-6.55%

Consensus

HOLD

Analysts

22

05 · Shareholding pattern

Who owns THERMAX?

  • Promoters

    61.98%

    Founders & promoter group

  • Institutions

    21.21%

    FII + DII

  • Public

    16.81%

    Retail & non-institutional

As of 31 Mar 2026 · Source: NSE corporate filings

06 · Registration & listing

On the record

Symbol
THERMAX
Exchange
NSE · BSE
CIN
ISIN
INE152A01029
BSE code
500411
Sector
Capital Goods
Industry
Capital Goods
Face value
₹2
Listing date
29 Aug 1995
Employees
Headquarters
Pune, India

07 · About

What is Thermax Ltd.?

Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction. The Industrial Infra segment provides engineering, procurement, and construction (EPC) of power plants, infra projects, and flue gas desulphurisation projects, along with associated services and manufacturing, installation, sales and services related to boiler and heater plants. The Green solutions segment builds, owns and operates BOO models, energy management solutions, oil and gas-fired, green hydrogen projects and renewable energy (Solar/Wind). The Chemical segment offers manufacturing, installation, sales and services related to ion exchange resins, performance chemicals, construction chemicals, water treatment chemicals, oil field chemicals, paper and construction chemicals, and related services. It also operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. In addition, the company offers steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tyre industries. Thermax Limited was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

08 · Common questions

Frequently asked

What is the CIN of Thermax Ltd.?+

The Corporate Identity Number for Thermax Ltd. is published in the MCA21 corporate master. FinanceCity backfills CIN values during weekly refreshes.

Who are the promoters of Thermax Ltd.?+

Promoter holding in THERMAX is approximately 61.98%, as disclosed in the latest published shareholding pattern.

What is the market capitalisation of Thermax Ltd.?+

Thermax Ltd. (THERMAX) has a market capitalisation of approximately ₹53151 Cr, reflecting the most recent weekly refresh from the BSE scrip master.

09 · Adjacent

Other capital goods listings

Full sector →