India · Delayed Price · Currency is INR Thermax Statistics
Total Valuation
Thermax has a market cap or net worth of INR 307.31 billion. The enterprise value is 306.17 billion.
| Market Cap | 307.31B |
| Enterprise Value | 306.17B |
Important Dates
The last earnings date was Thursday, November 5, 2026.
| Earnings Date | Nov 5, 2026 |
| Ex-Dividend Date | Jul 3, 2026 |
Share Statistics
Thermax has 112.65 million shares outstanding. The number of shares has increased by 9.62% in one year.
| Current Share Class | 112.65M |
| Shares Outstanding | 112.65M |
| Shares Change (YoY) | +9.62% |
| Shares Change (QoQ) | +0.05% |
| Owned by Insiders (%) | 0.01% |
| Owned by Institutions (%) | 20.00% |
| Float | 32.52M |
Valuation Ratios
The trailing PE ratio is 57.29 and the forward PE ratio is 40.84. Thermax's PEG ratio is 2.20.
| PE Ratio | 57.29 |
| Forward PE | 40.84 |
| PS Ratio | 2.76 |
| PB Ratio | 5.57 |
| P/TBV Ratio | 5.90 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 36.86 |
| PEG Ratio | 2.20 |
Enterprise Valuation
| EV / Earnings | 52.05 |
| EV / Sales | 2.75 |
| EV / EBITDA | 34.34 |
| EV / EBIT | 45.89 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 1.32, with a Debt / Equity ratio of 0.53.
| Current Ratio | 1.32 |
| Quick Ratio | 0.95 |
| Debt / Equity | 0.53 |
| Debt / EBITDA | 3.26 |
| Debt / FCF | n/a |
| Interest Coverage | 5.08 |
Financial Efficiency
Return on equity (ROE) is 11.05% and return on invested capital (ROIC) is 8.63%.
| Return on Equity (ROE) | 11.05% |
| Return on Assets (ROA) | 3.19% |
| Return on Invested Capital (ROIC) | 8.63% |
| Return on Capital Employed (ROCE) | 8.44% |
| Weighted Average Cost of Capital (WACC) | 6.24% |
| Revenue Per Employee | 28.07M |
| Profits Per Employee | 1.48M |
| Employee Count | 3,962 |
| Asset Turnover | 0.85 |
| Inventory Turnover | 7.04 |
Taxes
In the past 12 months, Thermax has paid 2.49 billion in taxes.
| Income Tax | 2.49B |
| Effective Tax Rate | 29.92% |
Stock Price Statistics
The stock price has decreased by -13.88% in the last 52 weeks. The beta is 0.41, so Thermax's price volatility has been lower than the market average.
| Beta (5Y) | 0.41 |
| 52-Week Price Change | -13.88% |
| 50-Day Moving Average | 3,320.82 |
| 200-Day Moving Average | 3,797.31 |
| Relative Strength Index (RSI) | 30.77 |
| Average Volume (20 Days) | 331,575 |
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 111.21 billion and earned 5.88 billion in profits. Earnings per share was 47.61.
| Revenue | 111.21B |
| Gross Profit | 36.53B |
| Operating Income | 6.67B |
| Pretax Income | 8.34B |
| Net Income | 5.88B |
| EBITDA | 8.79B |
| EBIT | 6.67B |
| Earnings Per Share (EPS) | 47.61 |
Balance Sheet
The company has 30.54 billion in cash and 29.06 billion in debt, with a net cash position of 1.48 billion or 13.10 per share.
| Cash & Cash Equivalents | 30.54B |
| Total Debt | 29.06B |
| Net Cash | 1.48B |
| Net Cash Per Share | 13.10 |
| Equity (Book Value) | 55.18B |
| Book Value Per Share | 486.96 |
| Working Capital | 19.15B |
Cash Flow
In the last 12 months, operating cash flow was 8.34 billion and capital expenditures -10.96 billion, giving a free cash flow of -2.62 billion.
| Operating Cash Flow | 8.34B |
| Capital Expenditures | -10.96B |
| Depreciation & Amortization | 2.12B |
| Net Borrowing | 10.40B |
| Free Cash Flow | -2.62B |
| FCF Per Share | -23.27 |
Margins
Gross margin is 32.85%, with operating and profit margins of 6.00% and 5.29%.
| Gross Margin | 32.85% |
| Operating Margin | 6.00% |
| Pretax Margin | 7.50% |
| Profit Margin | 5.29% |
| EBITDA Margin | 7.91% |
| EBIT Margin | 6.00% |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of 14.00, which amounts to a dividend yield of 0.51%.
| Dividend Per Share | 14.00 |
| Dividend Yield | 0.51% |
| Dividend Growth (YoY) | 42.86% |
| Years of Dividend Growth | 4 |
| Payout Ratio | 38.29% |
| FCF Payout Ratio | n/a |
| Buyback Yield | -9.62% |
| Shareholder Yield | -9.11% |
| Earnings Yield | 1.75% |
| FCF Yield | -0.85% |
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 | |
| Graham Formula Value | |
| Graham Formula Upside |
Analyst Forecast
The average price target for Thermax is 3,720.70, which is 36.39% higher than the current price. The consensus rating is "Buy".
| Price Target | 3,720.70 |
| Price Target Difference | 36.39% |
| Analyst Consensus | Buy |
| Analyst Count | 20 |
| Revenue Growth Forecast (3Y) | 14.58% |
| EPS Growth Forecast (3Y) | 14.13% |
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 |