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 Stock Forecast
Stock Price Forecast
According to 20 analysts polled by S&P Global, Thermax stock has a consensus rating of "Buy" and an average price target of ₹3,721. The average 1-year stock price forecast is 36.39% higher than the current stock price, while the lowest is ₹2,650 (-2.86%) and the highest is ₹5,325 (+95.20%).
Price Target: ₹3,721 (+36.39%)
Analyst Consensus: Buy
Price Target
ChartAnalyst Ratings
The average analyst rating for Thermax stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 6 | 6 | 7 | 8 |
| Buy | 1 | 1 | 2 | 2 | 2 | 3 |
| Hold | 9 | 8 | 8 | 8 | 7 | 7 |
| Sell | 3 | 3 | 2 | 2 | 2 | 2 |
| Strong Sell | 4 | 4 | 3 | 3 | 2 | 0 |
| Total | 22 | 22 | 21 | 21 | 20 | 20 |
Financial Forecast
Revenue This Year
119.50B
from 106.94B
Increased by 11.74%
Revenue Next Year
141.07B
from 119.50B
Increased by 18.05%
EPS This Year
52.55
from 67.83
Decreased by -22.53%
EPS Next Year
80.77
from 52.55
Increased by 53.70%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.