Thermax Share Price

₹ 2,746.30

-₹573.40 (-17.27%)
1D
Last updated 06 Nov, 2026, 15:59 IST
NSE: THERMAX
|
Engineering

Thermax Share Price Today

As of 7 Nov 2026, Thermax share price is ₹2,746.30. The stock opened at ₹3,010.00, compared to its previous close of ₹3,319.70. During today's trading session, Thermax share price moved in the range of ₹2,666.60 to ₹3,048.50, with an average price of ₹2,857.55 for the day. Looking at its last 52-week, the stock has touched a low of ₹2,666.60 and a high of ₹5,277.80. On the performance front, Thermax share price has declined by 32.64% over the last six months and is down 15.65% on a year-on-year basis.

Share price over the last 1 day fell from 2993.10 to 2739.00, ranging between 2687.10 and 2993.10.
₹2,666.60
17.27% down today
₹3,048.50
1D LOW
1D HIGH

Thermax Stock Insights

Latest Earning
Op Profit TrendUp by 13.96% YoY
Latest Earning
Net Profit TrendUp by 14.93% YoY
Latest Earning
Revenue TrendUp by 3.20% YoY
Stock Performance
OutperformingBeat Nifty by 7.79 % in last 1 year
Shareholding Pattern
DIIDII increased stake by 10.33%
Shareholding Pattern
FIIFII decreased stake by 1.37%
Technical Indicators
Volume SpikeVolume is 56.0% above 20-day average on 1 Day interval.
Thermax stock performance
Open₹3,010.00
High₹3,048.50
Low₹2,666.60
Prev. close₹3,319.70
Thermax trading activity
Volume28,96,155
Average traded price₹2,764.41
Last traded time03:59:55 06 Nov
Last traded quantity5
Circuit
L
H
₹2,197.10
₹3,295.50
52-week
L
H
₹2,666.60
₹5,277.80
Mkt Cap Cr
39,589.68
P/E
55.95
P/B
5.96
ROA
4.19%
ROE
10.73%
ROCE
11.47%
Quick Ratio
1.07
EV/EBITDA
33.39

Based on fundamentals, this stock's

Performance: 4 out of 5, Good
Performance
Good
Thermax outperforming most market indices
Valuation: 1 out of 5, Overvalued
Valuation
Overvalued
Thermax appears overvalued compared to its peers
Earnings: 3 out of 5, Neutral
Earnings
Neutral
Thermax earnings growth is positive
Peer Comparison
Peer comparison — key ratios
NameMkt Cap CrP/EP/BROAROEROCEQuick RatioEV/EBITDA
BHEL1,45,898.4550.515.443.75%10.76%8.95%1.1829.71
ABB India1,43,122.9270.6647.920.64%22.38%29.83%1.6949.3
CG Power1,27,528.1289.2613.949.44%15.74%20.93%1.5360.75
Hitachi Energy India1,25,734.18107.7123.949.55%19.09%24.84%1.3373.24
Siemens1,21,901.8337.28.8117.37%17.15%22.11%2.2925.32
GE T&D India1,05,843.3943.217.749.84%18.64%20.9%1.0817.41
SIEMENS ENERGY INDIA LTD1,01,878.9593.8125.2912.38%25.11%31.5%1.7960.63
WAAREE ENERGIES LIMITED70,379.6518.074.3810.25%23.05%24.02%0.9210.46
Apar Industries65,382.8847.487.678.45%16.16%24.51%0.9126.52
Suzlon Energy52,581.8523.235.1311.29%21.98%24.27%1.115.89

Auto-generated based on historical fundamentals; not a recommendation to buy/sell.

Thermax Company Background

ISIN
INE152A01029
Sector Market Cap
₹ 39,589.68 Cr

Thermax Limited is an India-based energy and environment solutions provider. The Company's segments include Industrial Products, Industrial Infra, Green Solutions and Chemical. Industrial Products segment includes air pollution control, cooling, heating, water and waste solutions, and specialized services. Industrial Infra segment includes boilers and fired heaters, projects and energy solutions, and specialized services. Green Solutions segment includes build-own-operate, energy management solutions, green hydrogen projects and renewable energy (solar/wind). Chemical segment includes construction chemicals, ion exchange resins, oil field chemicals and performance chemicals. Its Thermax EDGE Live is a digital solution that uses AI and machine learning to analyze data from all industrial equipment worldwide and help clients to optimize asset performance in terms of up time and efficiency. It serves various industries, including aviation, construction, biotechnology and chemicals.

Thermax Financial Highlights

  • Revenue: Thermax reported revenue of ₹10,961.63 crore in FY26 vs ₹10,621.48 crore in FY25. It showed an increase of 3.20% on a yearly basis.
  • Operating Profit: Thermax reported an operating profit of ₹1,007.94 crore in FY26 vs ₹884.47 crore in FY25. It showed an increase of 13.96% on a year-on-year basis.
  • Net Profit: Thermax reported a net profit of ₹720.26 crore in FY26 vs ₹626.70 crore in FY25. It showed an increase of 14.93% on a yearly basis.

Thermax Quarterly Result Highlights

  • Thermax reported revenue of ₹2,370.92 crore in Jun 2026, compared with ₹3,481.75 crore in Mar 2026, representing a decrease of 31.90% on a quarter-on-quarter (QoQ) basis.
  • Thermax reported an operating profit of ₹42.14 crore in Jun 2026, compared with ₹334.13 crore in Mar 2026, representing a decrease of 87.39% on a quarter-on-quarter (QoQ) basis.
  • Thermax reported a profit of ₹21.79 crore in Jun 2026, compared with ₹244.40 crore in Mar 2026, reflecting a decrease of 91.08% on a QoQ basis.
  • The earnings per share (EPS) of Thermax stood at ₹63.95 during Jun 2026.

Data Source: BSE, Company announcements

Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.

Promoters
61.98%
FII
11.31%
Other DII
2.61%
Retail and other
11.78%
Mutual funds
12.33%
Foreign Institutional Investor (FII)
FII shareholding by period
Dec 202512.36%
Mar 202611.24%
Jun 202611.46%
Sep 202611.31%

Thermax Investment Returns

1 day
-17.27%
1 week
-11.76%
1 month
-14.85%
1 year
-15.65%
3 years
-5.15%
5 years
+98.72%

Thermax Share Price History

Thermax share price history by day, showing open and close prices and the percentage change
Day
Open / Close
Change %
06 Nov 26
₹3,010.00 / ₹2,746.30
-17.27%
05 Nov 26
₹3,360.00 / ₹3,319.70
+1.14%
04 Nov 26
₹3,151.20 / ₹3,282.30
+4.16%
03 Nov 26
₹3,143.60 / ₹3,151.20
+0.52%
Show more

Thermax Financials

Full statement

Income Statement · Consolidated

Income Statement · Consolidated — all values in INR Crore
ParticularsMar 2026Mar 2025Mar 2024Mar 2023
Revenue₹10,774.01₹10,388.69₹9,323.46₹8,089.81
Other Income₹267.48₹252.22₹232.57₹160.18
Total Revenue₹11,041.49₹10,640.91₹9,556.03₹8,249.99
Total Expenses₹10,094.35₹9,756.20₹8,761.74₹7,646.70
Profit Before Tax₹1,007.94₹884.47₹868.96₹603.06
Tax₹287.68₹257.77₹225.77₹152.36
Profit After Tax₹720.26₹626.70₹643.19₹450.70
EPS - Basic₹63.95₹56.33₹57.30₹39.98
EPS - Diluted₹63.94₹56.31₹57.28₹39.97

Cash Flow · Consolidated

Cash Flow · Consolidated — all values in INR Crore
ParticularsMar 2026Mar 2025Mar 2024Mar 2023
Profit before tax₹1,007.94₹884.47₹869.78₹603.29
Income before WC changes₹1,119.49₹1,133.80₹909.58₹673.60
Change in Assets-₹668.64-₹585.95-₹683.95-₹556.11
Change in Liabilities₹440.19₹717.67₹208.00₹493.31
Change in WC-₹228.45₹131.72-₹475.95-₹62.80
Cash flow from Operations₹541.55₹1,079.79₹247.30₹459.56
Cash flow from Investing-₹587.06-₹1,271.99-₹509.21-₹679.68
Cash flow from Financing₹247.63₹122.52₹285.40₹348.54
Total Cash Flow₹202.12-₹69.68₹23.49₹128.42
Cash (Start of the year)₹411.84₹466.75₹447.73₹303.44
Cash (End of the year)₹636.20₹411.84₹466.75₹447.73

Balance Sheet · Consolidated

Balance Sheet · Consolidated — all values in INR Crore
ParticularsMar 2026Mar 2025Mar 2024Mar 2023
Non-Current Assets₹6,173.31₹4,725.14₹3,704.93₹2,766.35
Current Assets₹7,108.80₹7,312.88₹6,448.08₹6,072.26
Total Assets₹13,282.11₹12,038.02₹10,153.01₹8,838.61
Current Liabilities₹5,820.36₹5,635.09₹4,725.35₹4,409.19
Net Current Asset₹1,288.44₹1,677.79₹1,722.73₹1,663.07
Non-Current Liabilities₹1,882.56₹1,460.35₹987.86₹559.20
Equity Capital₹5,579.19₹4,942.58₹4,439.80₹3,870.22
Total Equity & Liabilities₹13,282.11₹12,038.02₹10,153.01₹8,838.61

Income Statement · Standalone

Income Statement · Standalone — all values in INR Crore
ParticularsMar 2026Mar 2025Mar 2024Mar 2023
Revenue₹6,518.26₹6,244.53₹5,821.93₹5,141.16
Other Income₹284.56₹202.53₹193.49₹136.34
Total Revenue₹6,802.82₹6,447.06₹6,015.42₹5,277.50
Total Expenses₹6,095.80₹5,827.65₹5,437.44₹4,853.21
Profit Before Tax₹794.86₹713.14₹580.06₹431.49
Tax₹145.95₹141.00₹142.62₹102.23
Profit After Tax₹648.91₹572.14₹437.44₹329.26
EPS - Basic₹54.46₹48.02₹36.71₹27.63
EPS - Diluted₹54.46₹48.02₹36.71₹27.63

Cash Flow · Standalone

Cash Flow · Standalone — all values in INR Crore
ParticularsMar 2026Mar 2025Mar 2024Mar 2023
Profit before tax₹794.86₹713.14₹580.06₹431.49
Income before WC changes₹581.92₹614.08₹565.18₹444.05
Change in Assets-₹248.18-₹403.03-₹473.70-₹367.93
Change in Liabilities₹265.09₹227.87₹122.40₹462.96
Change in WC₹16.91-₹175.16-₹351.30₹95.03
Cash flow from Operations₹416.48₹373.17₹90.79₹418.68
Cash flow from Investing-₹287.39-₹125.94₹103.39-₹337.63
Cash flow from Financing-₹146.00-₹393.80-₹51.38-₹81.49
Total Cash Flow-₹16.91-₹146.57₹142.80-₹0.44
Cash (Start of the year)₹117.05₹263.62₹120.82₹121.26
Cash (End of the year)₹100.14₹117.05₹263.62₹120.82

Balance Sheet · Standalone

Balance Sheet · Standalone — all values in INR Crore
ParticularsMar 2026Mar 2025Mar 2024Mar 2023
Non-Current Assets₹3,690.72₹2,879.03₹2,701.93₹2,247.60
Current Assets₹3,867.48₹4,035.12₹4,045.44₹3,903.71
Total Assets₹7,558.20₹6,914.15₹6,747.37₹6,151.31
Current Liabilities₹3,069.83₹2,838.38₹3,136.40₹2,872.51
Net Current Asset₹797.65₹1,196.74₹909.04₹1,031.20
Non-Current Liabilities₹61.28₹108.01₹74.27₹61.04
Equity Capital₹4,427.09₹3,967.76₹3,536.70₹3,217.76
Total Equity & Liabilities₹7,558.20₹6,914.15₹6,747.37₹6,151.31
* All values are in INR Crore
Thermax market depth
Bid quantityBid priceAsk priceAsk quantity
002746.331214
0000
0000
0000
0000
Total bid quantity0
Total ask quantity31,214
Thermax technical summary
Bearish indicators3
Neutral indicators2
Bullish indicators3
OverallNeutral
by SEBI experts

Expert Pick

EXPPICK
Stop-loss
Stop-loss is locked. Sign in to view.
Entry price
Entry price is locked. Sign in to view.
Target
Target is locked. Sign in to view.
Indicator
Value
Verdict
RSI (14)
28.69
Bearish
ATR (14)
148.95
Neutral
STOCH(9,6)
11.02
Bullish
STOCH RSI (14)
0
Bullish
ADX(9)
31.78
Bearish
UO(9)
38.88
Neutral
ROC(12)
-12.68
Bearish
WillR(14)
-88.98
Bullish
Period
Simple value
Exponential vaue
5D
3126.88
3072.8
10D
3146.05
3128.32
20D
3193.75
3193.67
50D
3414.89
3426.34
100D
3941.5
3668.05
Volume trend — traded volume by day
6 Nov28L
5 Nov2L
4 Nov2L
3 Nov0L
2 Nov1L
Average7L

Technical indicators used here are for indicative purposes only. Kindly do not treat it as an investment or trading advice

Compare against other stocks

Thermax
Engineering
Add Stock
Add Another

Mutual Funds Invested in Thermax

Fund name
AUM
SBI Energy Opportunities Fund
3.97%
Aditya Birla Sun Life Infrastructure Fund
3.40%
SBI Innovative Opportunities Fund
2.86%

Thermax Returns Calculator

Ex-date: 03 Jul 2026
Ex-date: 03 Jul 2026

Thermax Latest News

3 months ago
Thermax shares plunge 16% after Q1 profit drops 83% on ₹91 crore one-time project cost overrun
3 months ago
Aarti Industries, Niva Bupa, Thermax shares spurt amid heavy volumes; check full list
6 months ago
Thermax, Firstsource Solutions shares surge over 10% amid heavy volumes; check full list
6 months ago
NIFTY50 at 24,164, SENSEX down 162 pts in afternoon session; SBI, Britannia, Thermax among buzzing stocks
6 months ago
Thermax shares surge over 11% after net profit advances 18% in March quarter
Showing news item 1 of 5

Top Gainers

TTML Share Price
₹39.77
+4.44 (+12.57%)
LINDEINDIA Share Price
₹6859.00
+551 (+8.73%)
APLLTD Share Price
₹965.15
+71.65 (+8.02%)
YESBANK Share Price
₹17.20
+0.96 (+5.91%)
HAVELLS Share Price
₹1128.00
+59.9 (+5.61%)
See more

Top Losers

THERMAX Share Price
₹2746.30
-573.4 (-17.27%)
HAPPYFORGE Share Price
₹1694.50
-188.2 (-10%)
ASTRAL Share Price
₹1253.60
-134.4 (-9.68%)
APARINDS Share Price
₹14106.00
-1507 (-9.65%)
REDINGTON Share Price
₹327.50
-28.9 (-8.11%)
See more

Thermax Share Price FAQs

Please be aware that Thermax stock prices are subject to continuous fluctuations due to various factors.