Thermax Share Price

Q: What is Thermax share price today?

Thermax share price is ₹4,600.00 as on 08 Jul, 2026, 14:47 IST.

Q: How has the Thermax share price performed in the past?

In the last 1 year, Thermax delivered a return of 36.64%. The Thermax share price hit a high of ₹5,277.80 and low of ₹2,742.70.

Q: How much is the Mutual Fund shareholding in Thermax shares?

The Mutual Fund Shareholding in Thermax was 13.75% at the end of Mar 2026.

Q: What is the the 52-week high and low of Thermax shares ?

The 52-week high and low of Thermax share is ₹5,277.80 and ₹2,742.70 as of 08 Jul, 2026.

Q: What is the market cap of Thermax?

The market capitalisation of Thermax is ₹56,097.60 Crores as on 08 Jul, 2026.

Q: What are the stock symbols of Thermax?

The stock symbol of Thermax is THERMAX on the NSE, 500411 on the BSE, and the ISIN is INE152A01029.

Q: What was yesterday's closing price of Thermax shares ?

Thermax shares closed yesterday at ₹4,709.00 on NSE & ₹4,707.90 on BSE

Q: How to buy Thermax shares?

To buy Thermax shares, open a demat account with Upstox and complete the KYC process. Once your account is set up, search for the stock and place your order.

Q: Can I buy Thermax shares on Holidays?

No, shares of Thermax or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Thermax shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.

Q: What is the PE and PB ratio of Thermax?

The PE and PB ratio of Thermax is 78.31 and 10.16 respectively, as on 08 Jul, 2026, 14:47 IST.

NSE: THERMAX

Engineering

₹ 4,600.00

-₹109.00 (-2.31%)

Last updated 08 Jul, 2026, 14:47 IST

Thermax Share Price Today

As of 8 Jul 2026, Thermax share price is ₹4,600.00. The stock opened at ₹4,685.00, compared to its previous close of ₹4,709.00. During today's trading session, Thermax share price moved in the range of ₹4,532.50 to ₹4,686.00, with an average price of ₹4,609.25 for the day. Looking at its last 52-week, the stock has touched a low of ₹2,742.70 and a high of ₹5,277.80. On the performance front, Thermax share price has increased by 53.42% over the last six months and is up 36.64% on a year-on-year basis.

₹4,532.50

2.31% down today

₹4,686.00

1D LOW

1D HIGH

Latest Earning

Op Profit TrendUp by 15.75% QoQ

Latest Earning

Net Profit TrendUp by 19.21% QoQ

Latest Earning

Revenue TrendUp by 29.08% QoQ

Stock Performance

OutperformingBeat Nifty by 41.73 % in last 3 month

Shareholding Pattern

DIIDII increased stake by 10.69%

Shareholding Pattern

FIIFII decreased stake by 9.03%

Thermax Returns Calculator

If you would've invested

₹

₹1,000₹1Cr

Historical Returns

1 Year

₹6,64,358+₹1,64,358 (+32.87%)

3 Year

₹8,85,487+₹3,85,487 (+77.10%)

5 Year

₹16,22,955+₹11,22,955 (+224.59%)

Open

₹4,685.00

High

₹4,686.00

Low

₹4,532.50

Prev. close

₹4,709.00

₹3,767.50₹5,650.50

Circuit Low

Circuit High

₹2,742.70₹5,277.80

52-Week Low

52-Week High

Circuit

₹3,767.50

₹5,650.50

52-week

₹2,742.70

₹5,277.80

Thermax Shareholder Returns

Thermax Share Price History

Mkt Cap Cr

56,097.60

P/E

78.31

P/B

10.16

ROE

12.98%

D/E

0.03

ROCE

14.29%

Div. Yield

0.06%

EPS(TTM)

54.46

Turnover

1.45

EV/EBITDA

41.39

Net Margin

7.31%

Op. Margin

11.83%

ROA

5.42%

Quick Ratio

1.10

Curr. Ratio

1.03

Mkt Cap Cr

56,097.60

P/E

78.31

P/B

10.16

ROE

12.98%

D/E

0.03

ROCE

14.29%

Div. Yield

0.06%

EPS(TTM)

54.46

Turnover

1.45

EV/EBITDA

41.39

Net Margin

7.31%

Op. Margin

11.83%

ROA

5.42%

Quick Ratio

1.10

Curr. Ratio

1.03

Based on fundamentals, this stock's

Performance

Very Poor

Thermax has not beaten FD return of 7%

Valuation

Overvalued

Thermax appears overvalued compared to its peers

Earnings

Excellent

Thermax revenue, operating profit and net profit are growing

Peer Comparison

Peer comparison — key ratios
Name	Mkt Cap Cr	P/E	P/B	ROE	D/E	ROCE	Book Value	Div. Yield	Turnover	EPS(TTM)
ABB India	1,49,821.00	70.66	47.90	22.38%	0.01	29.83%	339.50	0.75%	1.01	78.73
CG Power	1,43,323.00	85.59	12.95	20.29%	0.01	27.01%	12.57	0.20%	1.35	8.42
Hitachi Energy India	1,44,221.00	145.99	27.86	19.09%	0.02	24.84%	1,161.25	0.02%	1.48	221.63
BHEL	1,31,030.00	84.23	5.16	6.12%	0.31	5.84%	76.15	0.36%	0.76	4.53
Siemens	1,24,471.00	45.19	8.99	17.15%	0.02	22.11%	379.80	0.51%	1.54	71.49
GE T&D India	7,758.80	43.21	7.74	18.64%	0.01	20.90%	105.07	0.23%	2.18	48.16
WAAREE ENERGIES LIMITED	81,736.10	21.04	5.66	25.71%	0.15	29.30%	456.44	0.07%	1.48	130.88
Suzlon	75,606.10	23.91	8.00	33.43%	0.03	27.06%	7.20	0.00%	1.38	3.00
Apar Industries	56,811.60	58.15	10.53	18.11%	0.18	27.50%	1,284.87	0.42%	3.83	242.46
Schneider Electric Infra	35,900.90	168.90	46.36	27.45%	0.71	25.88%	32.39	0.00%	2.11	8.89

Thermax Financials

Full statement

Income Statement · Consolidated

Income Statement · Consolidated — all values in INR Crore
Particulars	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Revenue	₹10,388.69	₹9,323.46	₹8,089.81	₹6,128.33
Other Income	₹252.22	₹232.57	₹160.18	₹127.01
Total Revenue	₹10,640.91	₹9,556.03	₹8,249.99	₹6,255.34
Total Expenses	₹9,756.20	₹8,761.74	₹7,646.70	₹5,845.37
Profit Before Tax	₹884.47	₹868.96	₹603.06	₹410.10
Tax	₹257.77	₹225.77	₹152.36	₹97.79
Profit After Tax	₹626.70	₹643.19	₹450.70	₹312.31
EPS - Basic	₹56.33	₹57.30	₹39.98	₹27.73
EPS - Diluted	₹56.31	₹57.28	₹39.97	₹27.73

Cash Flow · Consolidated

Cash Flow · Consolidated — all values in INR Crore
Particulars	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Profit before tax	₹884.71	₹869.78	₹603.29	₹409.97
Income before WC changes	₹1,099.98	₹909.58	₹673.60	₹428.25
Change in Assets	-₹592.53	-₹683.95	-₹556.11	-₹687.39
Change in Liabilities	₹721.47	₹208.00	₹493.31	₹686.85
Change in WC	₹128.94	-₹475.95	-₹62.80	-₹0.54
Cash flow from Operations	₹1,042.79	₹247.30	₹459.56	₹324.71
Cash flow from Investing	-₹1,240.55	-₹509.21	-₹679.68	-₹421.58
Cash flow from Financing	₹123.55	₹285.40	₹348.54	-₹20.58
Total Cash Flow	-₹74.21	₹23.49	₹128.42	-₹117.45
Cash (Start of the year)	₹466.75	₹447.73	₹303.44	₹418.81
Cash (End of the year)	₹412.97	₹466.75	₹447.73	₹303.44

Balance Sheet · Consolidated

Balance Sheet · Consolidated — all values in INR Crore
Particulars	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Non-Current Assets	₹4,725.14	₹3,704.93	₹2,766.35	₹2,723.32
Current Assets	₹7,312.88	₹6,448.08	₹6,072.26	₹4,737.79
Total Assets	₹12,038.02	₹10,153.01	₹8,838.61	₹7,461.11
Current Liabilities	₹5,635.09	₹4,725.35	₹4,409.19	₹3,758.07
Net Current Asset	₹1,677.79	₹1,722.73	₹1,663.07	₹979.72
Non-Current Liabilities	₹1,460.35	₹987.86	₹559.20	₹210.55
Equity Capital	₹4,942.58	₹4,439.80	₹3,870.22	₹3,492.49
Total Equity & Liabilities	₹12,038.02	₹10,153.01	₹8,838.61	₹7,461.11

Income Statement · Standalone

Income Statement · Standalone — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 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
Particulars	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Profit before tax	₹713.14	₹580.06	₹431.49	₹256.06
Income before WC changes	₹613.95	₹565.18	₹444.05	₹237.32
Change in Assets	-₹401.90	-₹473.70	-₹367.93	-₹299.50
Change in Liabilities	₹227.87	₹122.40	₹462.96	₹237.75
Change in WC	-₹174.03	-₹351.30	₹95.03	-₹61.75
Cash flow from Operations	₹374.17	₹90.79	₹418.68	₹93.87
Cash flow from Investing	-₹125.94	₹103.39	-₹337.63	-₹100.17
Cash flow from Financing	-₹393.67	-₹51.38	-₹81.49	-₹52.64
Total Cash Flow	-₹145.44	₹142.80	-₹0.44	-₹58.94
Cash (Start of the year)	₹263.62	₹120.82	₹121.26	₹180.20
Cash (End of the year)	₹118.18	₹263.62	₹120.82	₹121.26

Balance Sheet · Standalone

Balance Sheet · Standalone — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 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

Qty

Bid

1525

4600

4599

4598.5

4598

4597.5

Ask

Qty

4600.5

4602.5

4603

4603.5

4604

Bid Total: 1564

Ask Total: 106

Buy orders: 94%

Sell orders: 6%

30 levels of bid & ask depth

Supply & Demand Zones

Bearish

Neutral

Bullish

Slightly Bullish

by SEBI experts available for this stock

Earn more using advisory

by SEBI experts

Expert Pick

EXPPICK

Stop-loss

Entry price

Target

Indicator

Value

Verdict

RSI (14)

48.53

Neutral

ATR (14)

222.06

Neutral

STOCH(9,6)

19.64

Bullish

STOCH RSI (14)

15.45

Bullish

ADX(9)

34.63

Bearish

UO(9)

47.11

Neutral

ROC(12)

0.27

Bullish

WillR(14)

-80.36

Bullish

Period

Simple value

Exponential vaue

4818.1

4784.39

10D

4876.12

4822.29

20D

4799.51

4795.71

50D

4599.79

4542.39

100D

3950.23

4148.7

About Thermax

ISIN

INE152A01029

Sector Market Cap

₹ 56,097.6 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 ₹3,481.75 crore in Mar 2026, compared with ₹2,697.41 crore in Dec 2025, representing an increase of 29.08% on a quarter-on-quarter (QoQ) basis.
Thermax reported an operating profit of ₹334.13 crore in Mar 2026, compared with ₹288.67 crore in Dec 2025, representing an increase of 15.75% on a quarter-on-quarter (QoQ) basis.
Thermax reported a profit of ₹244.40 crore in Mar 2026, compared with ₹205.01 crore in Dec 2025, reflecting an increase of 19.21% on a QoQ basis.
The earnings per share (EPS) of Thermax stood at ₹56.33 during Mar 2026.