Thermax Limited (NSE:THERMAX)
India · Delayed Price · Currency is INR 2,728.00
+2.60 (0.10%)
Nov 12, 2026, 3:30 PM IST
Thermax Financials Overview
Financials in millions INR. Fiscal year is April - March.
Millions INR. Fiscal year is Apr - Mar.
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 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 |
Revenue Revenue Growth | 111,213 | 106,942 | 103,693 | 93,235 | 80,898 | 61,283 |
Revenue Growth | 8.76% | 3.13% | 11.22% | 15.25% | 32.01% | 27.91% |
Gross Profit Gross Profit Growth | 36,530 | 36,123 | 32,433 | 41,039 | 34,651 | 26,433 |
Operating Income Operating Income Growth | 6,674 | 8,310 | 7,534 | 6,639 | 4,846 | 3,102 |
Net Income Net Income Growth | 5,882 | 7,205 | 6,345 | 6,453 | 4,503 | 3,123 |
Earnings Per Share EPS Growth | 47.61 | 63.94 | 56.31 | 57.28 | 39.98 | 27.73 |
EPS Growth | -9.62% | 13.55% | -1.69% | 43.27% | 44.18% | 51.17% |
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 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 |
Industrial Products Industrial Products Growth | 53,263 | 50,961 | 45,297 | 40,552 | 33,375 | 25,757 |
Industrial Infra Industrial Infra Growth | 44,613 | 43,481 | 46,945 | 44,552 | 39,280 | 29,879 |
Green Solutions Green Solutions Growth | 7,492 | 7,322 | 6,899 | 5,071 | 3,627 | 2,168 |
Chemicals Chemicals Growth | 8,484 | 7,576 | 7,628 | 6,634 | 6,728 | 5,385 |
Inter Segment Inter Segment Growth | -2,639 | -2,398 | -3,076 | -3,574 | -2,113 | -1,906 |
Total Total Growth | 111,213 | 106,942 | 103,693 | 93,235 | 80,898 | 61,283 |
Fiscal Year | Current | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 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 |
Cash & Investments Cash & Investments Growth | 30,536 | 24,607 | 27,207 | 23,382 | 25,238 | 17,193 |
Total Debt Total Debt Growth | 29,060 | 23,525 | 17,177 | 12,774 | 8,306 | 3,751 |
Net Cash (Debt) Net Cash Growth | 1,476 | 1,081 | 10,031 | 10,607 | 16,932 | 13,442 |
Net Cash Growth | -79.35% | -89.22% | -5.44% | -37.35% | 25.96% | -21.93% |
Net Cash Per Share Net Cash Per Share Growth | 11.95 | 9.60 | 89.03 | 94.16 | 150.32 | 119.34 |
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 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 |
Operating Cash Flow Operating Cash Flow Growth | 8,338 | 5,416 | 10,798 | 2,473 | 4,596 | 3,247 |
Capital Expenditures CapEx Growth | -10,959 | -9,524 | -9,020 | -8,439 | -6,642 | -837.8 |
Free Cash Flow Free Cash Flow Growth | -2,621 | -4,109 | 1,778 | -5,966 | -2,047 | 2,409 |
Free Cash Flow Growth | - | - | - | - | - | -64.89% |
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 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 |
Gross Margin | 32.85% | 33.78% | 31.28% | 44.02% | 42.83% | 43.13% |
Operating Margin | 6.00% | 7.77% | 7.27% | 7.12% | 5.99% | 5.06% |
Pretax Margin | 7.50% | 9.43% | 8.53% | 9.32% | 7.45% | 6.69% |
Profit Margin | 5.29% | 6.74% | 6.12% | 6.92% | 5.57% | 5.10% |
FCF Margin | -2.36% | -3.84% | 1.71% | -6.40% | -2.53% | 3.93% |
Fiscal Year | Current | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 12, 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 |
Dividend Per Share Dividend Per Share Growth | 14.000 | 14.000 | 14.000 | 12.000 | 10.000 | 9.000 |
Dividend Per Share Growth | 42.86% | 0% | 16.67% | 20.00% | 11.11% | 28.57% |
Dividend Yield | 0.51% | 0.43% | 0.38% | 0.29% | 0.44% | 0.46% |
Fiscal Year | Current | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 12, 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 | 57.29 | 50.98 | 64.86 | 73.17 | 57.34 | 69.92 |
Forward PE | 40.84 | 47.91 | 53.42 | 68.78 | 46.19 | 51.70 |
P/FCF Ratio | - | - | 231.51 | - | - | 90.64 |
PS Ratio | 2.76 | 3.43 | 3.97 | 5.06 | 3.19 | 3.56 |