India · Delayed Price · Currency is INR Thermax Statistics
Total Valuation
Thermax has a market cap or net worth of INR 529.68 billion. The enterprise value is 528.82 billion.
| Market Cap | 529.68B |
| Enterprise Value | 528.82B |
Important Dates
The next estimated earnings date is Friday, July 31, 2026.
| Earnings Date | Jul 31, 2026 |
| Ex-Dividend Date | Jul 3, 2026 |
Share Statistics
Thermax has 112.64 million shares outstanding. The number of shares has increased by 0.01% in one year.
| Current Share Class | 112.64M |
| Shares Outstanding | 112.64M |
| Shares Change (YoY) | +0.01% |
| Shares Change (QoQ) | -0.01% |
| Owned by Insiders (%) | 0.01% |
| Owned by Institutions (%) | 21.28% |
| Float | 32.51M |
Valuation Ratios
The trailing PE ratio is 73.54 and the forward PE ratio is 63.34. Thermax's PEG ratio is 3.02.
| PE Ratio | 73.54 |
| Forward PE | 63.34 |
| PS Ratio | 4.95 |
| PB Ratio | 9.49 |
| P/TBV Ratio | 9.96 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 97.81 |
| PEG Ratio | 3.02 |
Enterprise Valuation
| EV / Earnings | 73.40 |
| EV / Sales | 4.94 |
| EV / EBITDA | 51.55 |
| EV / EBIT | 64.63 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 1.22, with a Debt / Equity ratio of 0.42.
| Current Ratio | 1.22 |
| Quick Ratio | 0.94 |
| Debt / Equity | 0.42 |
| Debt / EBITDA | 2.29 |
| Debt / FCF | -5.73 |
| Interest Coverage | 5.89 |
Financial Efficiency
Return on equity (ROE) is 13.69% and return on invested capital (ROIC) is 11.93%.
| Return on Equity (ROE) | 13.69% |
| Return on Assets (ROA) | 4.04% |
| Return on Invested Capital (ROIC) | 11.93% |
| Return on Capital Employed (ROCE) | 10.97% |
| Weighted Average Cost of Capital (WACC) | 5.82% |
| Revenue Per Employee | 19.09M |
| Profits Per Employee | 1.29M |
| Employee Count | 5,601 |
| Asset Turnover | 0.84 |
| Inventory Turnover | 8.54 |
Taxes
In the past 12 months, Thermax has paid 2.88 billion in taxes.
| Income Tax | 2.88B |
| Effective Tax Rate | 28.54% |
Stock Price Statistics
The stock price has increased by +34.16% in the last 52 weeks. The beta is 0.30, so Thermax's price volatility has been lower than the market average.
| Beta (5Y) | 0.30 |
| 52-Week Price Change | +34.16% |
| 50-Day Moving Average | 4,389.61 |
| 200-Day Moving Average | 3,412.12 |
| Relative Strength Index (RSI) | 54.59 |
| Average Volume (20 Days) | 315,545 |
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 106.94 billion and earned 7.21 billion in profits. Earnings per share was 63.94.
| Revenue | 106.94B |
| Gross Profit | 37.38B |
| Operating Income | 8.19B |
| Pretax Income | 10.08B |
| Net Income | 7.21B |
| EBITDA | 10.26B |
| EBIT | 8.19B |
| Earnings Per Share (EPS) | 63.94 |
Balance Sheet
The company has 24.67 billion in cash and 23.53 billion in debt, with a net cash position of 1.15 billion or 10.20 per share.
| Cash & Cash Equivalents | 24.67B |
| Total Debt | 23.53B |
| Net Cash | 1.15B |
| Net Cash Per Share | 10.20 |
| Equity (Book Value) | 55.79B |
| Book Value Per Share | 492.56 |
| Working Capital | 12.88B |
Cash Flow
In the last 12 months, operating cash flow was 5.42 billion and capital expenditures -9.52 billion, giving a free cash flow of -4.11 billion.
| Operating Cash Flow | 5.42B |
| Capital Expenditures | -9.52B |
| Depreciation & Amortization | 2.08B |
| Net Borrowing | 5.31B |
| Free Cash Flow | -4.11B |
| FCF Per Share | -36.47 |
Margins
Gross margin is 34.96%, with operating and profit margins of 7.65% and 6.74%.
| Gross Margin | 34.96% |
| Operating Margin | 7.65% |
| Pretax Margin | 9.43% |
| Profit Margin | 6.74% |
| EBITDA Margin | 9.60% |
| EBIT Margin | 7.65% |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of 14.00, which amounts to a dividend yield of 0.30%.
| Dividend Per Share | 14.00 |
| Dividend Yield | 0.30% |
| Dividend Growth (YoY) | 42.86% |
| Years of Dividend Growth | 4 |
| Payout Ratio | 21.89% |
| Buyback Yield | -0.01% |
| Shareholder Yield | 0.29% |
| Earnings Yield | 1.36% |
| FCF Yield | -0.78% |
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 |
Analyst Forecast
The average price target for Thermax is 4,409.36, which is -9.35% lower than the current price. The consensus rating is "Hold".
| Price Target | 4,409.36 |
| Price Target Difference | -9.35% |
| Analyst Consensus | Hold |
| Analyst Count | 22 |
| Revenue Growth Forecast (3Y) | 16.33% |
| EPS Growth Forecast (3Y) | 19.41% |
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 | 3 |