Thermax Ltd. (THMX)

Currency in INR
4,182.30
+105.40(+2.59%)
Closed·
Earnings results expected today
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Fair Value
Day's Range
4,088.404,290.00
52 wk Range
2,742.704,305.00
Key Statistics
Bid/Ask
4,182.30 / 4,211.20
Prev. Close
4,076.9
Open
4,097.1
Day's Range
4,088.4-4,290
52 wk Range
2,742.7-4,305
Volume
349.36K
Average Volume (3m)
202.18K
1-Year Change
28.9599%
Fair Value
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Fair Value Upside
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THMX Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
3,471.50
Downside
-17.00%
Members' Sentiments
Bearish
Bullish
ProTips
Has raised its dividend for 4 consecutive years

Thermax Ltd. News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Buy

Analyst Ratings

10 Buy
6 Hold
4 Sell
Ratings:
20 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 3,471.50
(-17.00% Downside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Macquarie
Hold3,300.00-21.10%-Maintain09-02-2026
Kotak
Buy3,375.00-19.30%3,575.00Maintain07-02-2026
Macquarie
Hold3,300.00-21.10%3,520.00Upgrade14-11-2025
ICICI Securities
Buy3,600.00-13.92%3,980.00Upgrade13-11-2025
Kotak
Buy3,575.00-14.52%3,900.00Maintain13-11-2025

Earnings

Latest Release
02-02-2026
EPS / Forecast
14.25 / 12.09
Revenue / Forecast
26.35B / 27.65B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 60.52%
Dividend Yield
0.34%
Industry Median 0.54%
Annualised payout
14.00
Paid unevenly
5-Years Growth
+14.87%
Growth Streak

THMX Income Statement

Compare THMX to Peers and Sector

Metrics to compare
THMX
Peers
Sector
Relationship
P/E Ratio
69.4x34.7x12.7x
PEG Ratio
6.820.390.03
Price/Book
9.4x4.9x1.4x
Price / LTM Sales
4.6x2.5x1.3x
Upside (Analyst Target)
−19.7%11.5%18.5%
Fair Value Upside
Unlock−1.9%4.9%Unlock

Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction. The Industrial Infra segment provides engineering, procurement, and construction (EPC) of power plants, infra projects, and flue gas desulphurisation projects, along with associated services and manufacturing, installation, sales and services related to boiler and heater plants. The Green solutions segment builds, owns and operates BOO models, energy management solutions, oil and gas-fired, green hydrogen projects and renewable energy (Solar/Wind). The Chemical segment offers manufacturing, installation, sales and services related to ion exchange resins, performance chemicals, construction chemicals, water treatment chemicals, oil field chemicals, paper and construction chemicals, and related services. It also operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. In addition, the company offers steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tyre industries. Thermax Limited was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
34.34M30.49%140.00B
Other Institutional Investors
75.06M66.64%306.03B
Public Companies & Retail Investors
3.24M2.87%13.20B
Total
112.64M100.00%459.22B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
ARA Trusteeship Company Private Limited65.56%7,38,49,30530,10,76,232
SBI Funds Management Limited8.26%93,07,1343,79,44,255

FAQ

What Is the Thermax (THMX) Share Price Today?

The Thermax share price today is 4,182.30.

What is the current Thermax (THMX) share price and day range?

As of 07-05-2026, the Thermax share price is 4,182.30, with a previous close of 4,076.90. The share price has ranged from 4,088.40 to 4,290.00 today, while the 52-week range spans from 2,742.70 to 4,305.00.

What Is the Thermax Market Cap?

As of today, Thermax market cap is 471.09B.

Does Thermax Pay Dividends? What's The Current Dividend Yield?

The Thermax dividend yield is 0.33%.

What Is the Thermax (THMX) Share Price Target?

The average 12-month share price target for Thermax is 3,471.50, with a high estimate of 4900 and a low estimate of 2700. 10 analysts recommend buying, while 4 suggest selling, with an overall rating of Buy and -17.00% Downside potential.

What Is Thermax's Earnings Per Share (TTM)?

The Thermax EPS (TTM) is 60.52.

When Is the Next Thermax Earnings Date?

Thermax will release its next earnings report on 07-05-2026.

From a Technical Analysis Perspective, Is THMX a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

What Stock Exchange Does Thermax Trade On?

Thermax is listed and trades on the India National Stock Exchange.

What Is the Stock Symbol for Thermax?

The stock symbol for Thermax is "THMX."

How Many Times Has Thermax Stock Split?

Thermax has split 1 times.

How Many Employees Does Thermax Have?

Thermax has 5601 employees.
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