Thermax Limited (NSE:THERMAX)
India · Delayed Price · Currency is INR 4,826.00
+41.00 (0.86%)
Jul 10, 2026, 3:30 PM IST
Thermax Stock Forecast
Stock Price Forecast
According to 22 analysts polled by S&P Global, Thermax stock has a consensus rating of "Hold" and an average price target of ₹4,409. The average 1-year stock price forecast is 8.63% lower than the current stock price, while the lowest is ₹2,893 (-40.05%) and the highest is ₹5,930 (+22.88%).
Price Target: ₹4,409 (-8.63%)
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Thermax stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 8 | 8 | 8 | 5 | 5 |
| Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Hold | 8 | 6 | 6 | 6 | 9 | 9 |
| Sell | 2 | 2 | 2 | 2 | 3 | 3 |
| Strong Sell | 2 | 2 | 2 | 2 | 4 | 4 |
| Total | 21 | 20 | 20 | 20 | 22 | 22 |
Financial Forecast
Revenue This Year
125.79B
from 106.94B
Increased by 17.63%
Revenue Next Year
148.34B
from 125.79B
Increased by 17.93%
EPS This Year
73.76
from 67.83
Increased by 8.75%
EPS Next Year
96.67
from 73.76
Increased by 31.05%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.
Revenue Forecast
| Revenue | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 132.1B | ||
| Avg | 125.8B | ||
| Low | 119.5B |
Revenue Growth
| Revenue Growth | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 23.6% | ||
| Avg | 17.6% | ||
| Low | 11.7% |
EPS Forecast
| EPS | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 87.16 | ||
| Avg | 73.76 | ||
| Low | 64.20 |
EPS Growth
| EPS Growth | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 28.5% | ||
| Avg | 8.7% | ||
| Low | -5.4% |