Thermax Limited (BOM:500411)
India · Delayed Price · Currency is INR | Market Cap | 358.28B -2.9% |
| Revenue (ttm) | 108.39B +4.7% |
| Net Income | 5.93B -11.6% |
| EPS | 52.65 -11.6% |
| Shares Out | n/a |
| PE Ratio | 60.41 |
| Forward PE | 45.83 |
| Dividend | 20.00 (0.63%) |
| Ex-Dividend Date | Jul 3, 2026 |
| Volume | 1,343 |
| Open | 3,130.20 |
| Previous Close | 3,150.45 |
| Day's Range | 3,130.20 - 3,204.40 |
| 52-Week Range | 2,744.20 - 5,277.00 |
| Beta | n/a |
| Analysts | Hold |
| Price Target | 4,419.10 (+38.95%) |
| Earnings Date | Nov 5, 2026 |
About Thermax
Thermax Limited, together with its subsidiaries, provides energy and environment solutions in India and internationally. The company is involved in the manufacturing, installation, sales, and services related to boilers and heating equipment, absorption chiller/heat pumps, air pollution control equipment/systems, water and waste recycling; and provision of associated services and engineering, procurement, and construction (EPC). It also provides EPC of power plants, infra projects, and flue gas desulphurisation projects; manufactures, installs,... [Read more]
Financial Performance
In fiscal year 2026, Thermax's revenue was 106.94 billion, an increase of 3.13% compared to the previous year's 103.69 billion. Earnings were 7.21 billion, an increase of 13.56%.
Financial StatementsAnalyst Summary
According to 20 analysts, the average rating for 500411 stock is "Hold." The 12-month stock price target is ₹4,419, which is an increase of 38.95% from the latest price.
News
Thermax Transcript: Q1 26/27
Q1 FY27 saw a major profitability hit from a legacy government project, shipping delays, and losses in Green Solutions and Bio-CNG, but management expects a strong recovery in the coming quarters as legacy issues resolve and order pipelines remain robust. Order book quality is high, with less than 5% government exposure and strong growth expected in industrial, chemical, and data center segments.
Thermax Quarterly report: Q1 2027
Thermax has published its Q1 2027 quarterly earnings report on July 31, 2026.
Thermax Slides: Q1 2027
Thermax has posted slides in relation to its Q1 2027 quarterly earnings report, which was published on July 31, 2026.
Thermax Transcript: Q4 25/26
Q4 FY26 saw strong revenue and order inflow, highlighted by a major supercritical boiler win and robust pipelines in core and emerging sectors. Margin pressures from raw material costs and project delays persist, but execution and CapEx plans support a positive FY27 outlook.
Thermax Quarterly report: Q4 2026
Thermax has published its Q4 2026 quarterly earnings report on May 8, 2026.
Thermax Slides: Q4 2026
Thermax has posted slides in relation to its Q4 2026 quarterly earnings report, which was published on May 8, 2026.
Thermax Annual report: Q4 2026
Thermax has published its Q4 2026 annual report on May 8, 2026.
Thermax Transcript: Q3 25/26
Q3 FY26 saw mixed results with strong international order wins and a robust backlog, but margin pressures in Chemicals and Industrial Products due to mix and cost headwinds. Management expects Q4 to deliver improved profitability and remains bullish on growth, especially in data centers and green solutions.
Thermax Quarterly report: Q3 2026
Thermax has published its Q3 2026 quarterly earnings report on February 5, 2026.
Thermax Slides: Q3 2026
Thermax has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on February 5, 2026.
Thermax Transcript: Q2 25/26
Order book grew 25% YoY in H1, with a 20%+ full-year growth target. Q2 saw a one-time hit from legacy projects, but most low-margin backlog will clear by early next year. Management expects strong H2 revenue and profit growth, with a focus on higher-margin orders and robust international opportunities.
Thermax Quarterly report: Q2 2026
Thermax has published its Q2 2026 quarterly earnings report on November 12, 2025.
Thermax Slides: Q2 2026
Thermax has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on November 12, 2025.
Thermax shares in focus after Q1 profit, margins beat estimates
Shares of Thermax Ltd are in focus on Friday, August 1, after the engineering company reported a 38.5% year-on-year jump in net profit for the June quarter, coming in at ₹151.5 crore, beating analyst ...
Thermax Q1 Results: Profit surges 39% YoY to Rs 151 crore, revenue down 2% YoY
Thermax Ltd., a leading player in energy and environment solutions, announced its Q1 FY26 financial results, showing strong bottom-line performance despite challenges on the revenue front. The company...
Thermax Q2 FY25 results: Stock drops 4% ahead of result announcement
Thermax Ltd. shares experienced a notable decline of more than 4% in trading today, as investors awaited the company’s Q2 FY25 results. Opening at ₹5,105.20, the stock saw an intraday high of ₹5,107.7...
Thermax shares surge 4% following strategic acquisition of Buildtech Products
Thermax Ltd. witnessed a significant uptick in its shares, rising over 4% in morning trading after announcing the strategic acquisition of Buildtech Products India Private Limited. The deal, valued at...