India · Delayed Price · Currency is INR Thermax Statistics
Total Valuation
Thermax has a market cap or net worth of INR 339.37 billion. The enterprise value is 332.30 billion.
| Market Cap | 339.37B |
| Enterprise Value | 332.30B |
Important Dates
The last earnings date was Tuesday, November 11, 2025.
| Earnings Date | Nov 11, 2025 |
| Ex-Dividend Date | Jul 4, 2025 |
Share Statistics
Thermax has 112.64 million shares outstanding. The number of shares has increased by 0.02% in one year.
| Current Share Class | 112.64M |
| Shares Outstanding | 112.64M |
| Shares Change (YoY) | +0.02% |
| Shares Change (QoQ) | -0.03% |
| Owned by Insiders (%) | 0.01% |
| Owned by Institutions (%) | 21.83% |
| Float | 32.52M |
Valuation Ratios
The trailing PE ratio is 57.19 and the forward PE ratio is 44.72. Thermax's PEG ratio is 2.20.
| PE Ratio | 57.19 |
| Forward PE | 44.72 |
| PS Ratio | 3.32 |
| PB Ratio | 6.71 |
| P/TBV Ratio | 7.00 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 57.53 |
| PEG Ratio | 2.20 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 37.70, with an EV/FCF ratio of -187.68.
| EV / Earnings | 55.97 |
| EV / Sales | 3.25 |
| EV / EBITDA | 37.70 |
| EV / EBIT | 46.86 |
| EV / FCF | -187.68 |
Financial Position
The company has a current ratio of 1.33, with a Debt / Equity ratio of 0.36.
| Current Ratio | 1.33 |
| Quick Ratio | 1.01 |
| Debt / Equity | 0.36 |
| Debt / EBITDA | 2.05 |
| Debt / FCF | -10.23 |
| Interest Coverage | 6.64 |
Financial Efficiency
Return on equity (ROE) is 12.18% and return on invested capital (ROIC) is 6.83%.
| Return on Equity (ROE) | 12.18% |
| Return on Assets (ROA) | 3.83% |
| Return on Invested Capital (ROIC) | 6.83% |
| Return on Capital Employed (ROCE) | 10.52% |
| Revenue Per Employee | 18.26M |
| Profits Per Employee | 1.06M |
| Employee Count | 5,601 |
| Asset Turnover | 0.88 |
| Inventory Turnover | 6.36 |
Taxes
In the past 12 months, Thermax has paid 2.52 billion in taxes.
| Income Tax | 2.52B |
| Effective Tax Rate | 29.92% |
Stock Price Statistics
The stock price has decreased by -39.79% in the last 52 weeks. The beta is 0.06, so Thermax's price volatility has been lower than the market average.
| Beta (5Y) | 0.06 |
| 52-Week Price Change | -39.79% |
| 50-Day Moving Average | 3,221.37 |
| 200-Day Moving Average | 3,378.88 |
| Relative Strength Index (RSI) | 34.23 |
| Average Volume (20 Days) | 112,461 |
Short Selling Information
| Short Interest | n/a |
| Short Previous Month | n/a |
| Short % of Shares Out | n/a |
| Short % of Float | n/a |
| Short Ratio (days to cover) | n/a |
Income Statement
In the last 12 months, Thermax had revenue of INR 102.26 billion and earned 5.94 billion in profits. Earnings per share was 52.68.
| Revenue | 102.26B |
| Gross Profit | 47.02B |
| Operating Income | 7.09B |
| Pretax Income | 8.42B |
| Net Income | 5.94B |
| EBITDA | 8.73B |
| EBIT | 7.09B |
| Earnings Per Share (EPS) | 52.68 |
Balance Sheet
The company has 25.26 billion in cash and 18.11 billion in debt, giving a net cash position of 7.15 billion or 63.47 per share.
| Cash & Cash Equivalents | 25.26B |
| Total Debt | 18.11B |
| Net Cash | 7.15B |
| Net Cash Per Share | 63.47 |
| Equity (Book Value) | 50.60B |
| Book Value Per Share | 448.41 |
| Working Capital | 18.20B |
Cash Flow
In the last 12 months, operating cash flow was 5.90 billion and capital expenditures -7.67 billion, giving a free cash flow of -1.77 billion.
| Operating Cash Flow | 5.90B |
| Capital Expenditures | -7.67B |
| Free Cash Flow | -1.77B |
| FCF Per Share | -15.72 |
Margins
Gross margin is 45.98%, with operating and profit margins of 6.94% and 5.81%.
| Gross Margin | 45.98% |
| Operating Margin | 6.94% |
| Pretax Margin | 8.23% |
| Profit Margin | 5.81% |
| EBITDA Margin | 8.54% |
| EBIT Margin | 6.94% |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of 14.00, which amounts to a dividend yield of 0.47%.
| Dividend Per Share | 14.00 |
| Dividend Yield | 0.47% |
| Dividend Growth (YoY) | 16.67% |
| Years of Dividend Growth | 3 |
| Payout Ratio | 26.58% |
| Buyback Yield | -0.02% |
| Shareholder Yield | 0.44% |
| Earnings Yield | 1.75% |
| FCF Yield | -0.52% |
Fair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside |
Stock Splits
The last stock split was on March 31, 2006. It was a forward split with a ratio of 5.
| Last Split Date | Mar 31, 2006 |
| Split Type | Forward |
| Split Ratio | 5 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |