Thermax Limited (BOM:500411)

India flag India · Delayed Price · Currency is INR
4,433.60
-20.20 (-0.45%)
At close: May 25, 2026
Market Cap499.65B +36.8%
Revenue (ttm)106.94B +2.9%
Net Income7.21B +13.6%
EPS63.94 +13.6%
Shares Out n/a
PE Ratio69.35
Forward PE58.22
Dividend20.00 (0.45%)
Ex-Dividend DateJul 3, 2026
Volume4,756
Open4,454.00
Previous Close4,453.80
Day's Range4,405.80 - 4,473.85
52-Week Range2,744.20 - 4,867.15
Betan/a
AnalystsHold
Price Target4,384.82 (-1.1%)
Earnings DateMay 7, 2026

About Thermax

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,... [Read more]

Industry Heating Equipment, Except Electric and Warm Air Furnaces
Founded 1966
Employees 5,601
Stock Exchange Bombay Stock Exchange
Ticker Symbol 500411
Full Company Profile

Financial Performance

In fiscal year 2026, Thermax's revenue was 106.94 billion, an increase of 2.94% compared to the previous year's 103.89 billion. Earnings were 7.21 billion, an increase of 13.56%.

Financial Statements

News

Thermax Ltd (BOM:500411) Q4 2026 Earnings Call Highlights: Robust Order Book and Revenue Growth ...

Thermax Ltd (BOM:500411) Q4 2026 Earnings Call Highlights: Robust Order Book and Revenue Growth Amid Challenges

15 days ago - GuruFocus

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.

18 days ago - Transcripts

Thermax Quarterly report: Q4 2026

Thermax has published its Q4 2026 quarterly earnings report on May 8, 2026.

18 days ago - Filings

Thermax Slides: Q4 2026

Thermax has posted slides in relation to its Q4 2026 quarterly earnings report, which was published on May 8, 2026.

18 days ago - Filings

Thermax Ltd (BOM:500411) Q3 2026 Earnings Call Highlights: Strong International Orders and ...

Thermax Ltd (BOM:500411) Q3 2026 Earnings Call Highlights: Strong International Orders and Strategic Growth Initiatives

3 months ago - GuruFocus

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.

3 months ago - Transcripts

Thermax Quarterly report: Q3 2026

Thermax has published its Q3 2026 quarterly earnings report on February 5, 2026.

3 months ago - Filings

Thermax Slides: Q3 2026

Thermax has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on February 5, 2026.

3 months ago - Filings

Thermax Ltd (NSE:THERMAX) Q3 2026 Earnings Report Preview: What To Look For

Thermax Ltd (NSE:THERMAX) Q3 2026 Earnings Report Preview: What To Look For

3 months ago - GuruFocus

Thermax Ltd (BOM:500411) Q2 2026 Earnings Call Highlights: Strategic Shifts and Growth ...

Thermax Ltd (BOM:500411) Q2 2026 Earnings Call Highlights: Strategic Shifts and Growth Prospects Amidst Challenges

6 months ago - GuruFocus

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.

6 months ago - Transcripts

Thermax Quarterly report: Q2 2026

Thermax has published its Q2 2026 quarterly earnings report on November 12, 2025.

6 months ago - Filings

Thermax Slides: Q2 2026

Thermax has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on November 12, 2025.

6 months ago - Filings

Thermax Ltd (NSE:THERMAX) Q2 2026 Earnings Report Preview: What to Expect

Thermax Ltd (NSE:THERMAX) Q2 2026 Earnings Report Preview: What to Expect

7 months ago - GuruFocus

Thermax Transcript: Q1 25/26

Q1 FY26 saw a 2% revenue decline due to project delays, but margins improved with a government incentive. Order book grew 7% and management expects double-digit growth, with new products and international markets driving future performance.

10 months ago - Transcripts

Thermax Quarterly report: Q1 2026

Thermax has published its Q1 2026 quarterly earnings report on August 1, 2025.

10 months ago - Filings

Thermax Slides: Q1 2026

Thermax has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on August 1, 2025.

10 months ago - Filings

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 ...

10 months ago - Business Upturn

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...

10 months ago - Business Upturn

Thermax Transcript: Q4 24/25

Q4 FY25 delivered INR 3,000 crores in revenue with strong operational consistency, despite a major bio-CNG loss. Order pipeline for FY26 is robust, with selective resumption in bio-CNG and continued growth expected in chemicals, industrial products, and green solutions.

1 year ago - Transcripts

Thermax Annual report: Q4 2025

Thermax has published its Q4 2025 annual report on May 12, 2025.

1 year ago - Filings

Thermax Quarterly report: Q4 2025

Thermax has published its Q4 2025 quarterly earnings report on May 12, 2025.

1 year ago - Filings

Thermax Slides: Q4 2025

Thermax has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on May 12, 2025.

1 year ago - Filings

Thermax Transcript: Q3 24/25

Q3FY25 was challenging with revenue and profitability misses due to project delays and losses in FGD and Bio-CNG, but a strong Q4 is expected with improved backlog management and robust order pipeline. Strategic focus is shifting away from low-margin government projects, with investments in chemicals and product innovation supporting future growth.

1 year ago - Transcripts

Thermax Quarterly report: Q3 2025

Thermax has published its Q3 2025 quarterly earnings report on February 7, 2025.

1 year ago - Filings