Thermax Limited (BOM:500411)
India · Delayed Price · Currency is INR 4,324.60
+73.90 (1.74%)
At close: Jul 31, 2026
Thermax Ratios and Metrics
Market cap in millions INR. Fiscal year is April - March.
Millions INR. Fiscal year is Apr - Mar.
Total Valuation
Fiscal Year | Current | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
| 485,028 | 367,285 | 411,527 | 472,121 | 258,192 | 218,366 | |
Market Cap Growth | 12.22% | -10.75% | -12.83% | 82.86% | 18.24% | 44.32% |
Enterprise Value | 484,171 | 360,216 | 396,925 | 459,331 | 240,218 | 203,371 |
Last Close Price | 4324.60 | 3276.75 | 3624.50 | 4152.18 | 2257.04 | 1906.72 |
Price Ratios
Fiscal Year | Current | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
PE Ratio | 81.74 | 50.98 | 64.86 | 73.17 | 57.34 | 69.92 |
PS Ratio | 4.47 | 3.43 | 3.96 | 5.06 | 3.19 | 3.56 |
PB Ratio | 8.69 | 6.58 | 8.33 | 10.63 | 6.67 | 6.25 |
P/TBV Ratio | 9.12 | 6.90 | 8.67 | 10.72 | 6.73 | 6.33 |
P/FCF Ratio | - | - | 293.70 | - | - | 90.64 |
P/OCF Ratio | 89.56 | 67.82 | 39.46 | 190.91 | 56.18 | 67.25 |
EV Ratios
Fiscal Year | Current | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
EV/Sales Ratio | 4.47 | 3.37 | 3.82 | 4.93 | 2.97 | 3.32 |
EV/EBITDA Ratio | 55.31 | 35.10 | 44.33 | 58.51 | 40.98 | 49.79 |
EV/EBIT Ratio | 74.34 | 44.00 | 52.68 | 69.19 | 49.57 | 65.57 |
EV/FCF Ratio | - | - | 283.27 | - | - | 84.41 |
Financial Efficiency
Fiscal Year | Current | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Debt / Equity Ratio | 0.42 | 0.42 | 0.35 | 0.29 | 0.22 | 0.11 |
Debt / EBITDA Ratio | 2.69 | 2.29 | 1.90 | 1.61 | 1.40 | 0.91 |
Debt / FCF Ratio | - | - | 12.26 | - | - | 1.56 |
Net Debt / Equity Ratio | -0.02 | -0.02 | -0.20 | -0.24 | -0.44 | -0.38 |
Net Debt / EBITDA Ratio | -0.13 | -0.11 | -1.12 | -1.35 | -2.89 | -3.29 |
Net Debt / FCF Ratio | - | 0.28 | -7.15 | 1.78 | 8.27 | -5.58 |
Asset Turnover | - | 0.85 | 0.94 | 0.98 | 0.99 | 0.88 |
Inventory Turnover | - | 8.54 | 7.83 | 6.87 | 6.24 | 6.16 |
Quick Ratio | - | 0.94 | 1.05 | 1.06 | 1.09 | 0.96 |
Current Ratio | - | 1.22 | 1.30 | 1.37 | 1.38 | 1.26 |
Return on Equity (ROE) | - | 13.69% | 13.36% | 15.48% | 12.24% | 9.26% |
Return on Assets (ROA) | - | 4.04% | 4.24% | 4.37% | 3.72% | 2.78% |
Return on Invested Capital (ROIC) | 8.40% | 12.44% | 14.59% | 17.69% | 16.74% | 12.84% |
Return on Capital Employed (ROCE) | - | 11.00% | 11.80% | 12.20% | 10.90% | 8.40% |
Yields
Fiscal Year | Current | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Earnings Yield | 1.22% | 1.96% | 1.54% | 1.37% | 1.74% | 1.43% |
FCF Yield | -0.85% | -1.12% | 0.34% | -1.26% | -0.79% | 1.10% |
Dividend Yield | 0.45% | 0.43% | 0.39% | 0.29% | 0.44% | 0.47% |
Payout Ratio | - | 21.89% | 21.31% | 17.47% | 22.68% | 25.24% |
Buyback Yield / Dilution | -0.01% | -0.01% | -0.01% | -0.02% | - | -0.02% |
Total Shareholder Return | 0.44% | 0.42% | 0.37% | 0.27% | 0.44% | 0.45% |