Thermax Share Price

NSE: THERMAX
|
Engineering

₹ 3,326.80

+₹53.00 (1.62%)
1D
Last updated 16 Oct, 2026, 15:54 IST

Thermax Share Price Today

As of 17 Oct 2026, Thermax share price is ₹3,326.80. The stock opened at ₹3,302.00, compared to its previous close of ₹3,273.80. During today's trading session, Thermax share price moved in the range of ₹3,245.50 to ₹3,361.00, with an average price of ₹3,303.25 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 declined by 19.38% over the last six months and is up 5.04% on a year-on-year basis.

₹3,245.50
1.62% up today
₹3,361.00
1D LOW
1D HIGH

Thermax Returns Calculator

Volume
2,88,481
Average traded price
₹3,317.21
Last traded time
03:54:19 16 Oct
Last traded quantity
4
Circuit
L
H
₹2,661.50
₹3,992.10
52-week
L
H
₹2,742.70
₹5,277.80
Mkt Cap Cr
39,628.41
P/E
67.09
P/B
7.14
ROA
4.45%
ROE
12.98%
ROCE
14.29%
Quick Ratio
1.07
EV/EBITDA
33.45
Based on fundamentals, this stock's
Step 1 of 5
Performance
Very Poor
Thermax has not beaten FD return of 7%
Step 1 of 5
Valuation
Overvalued
Thermax appears overvalued compared to its peers
Step 3 of 5
Earnings
Neutral
Thermax earnings growth is positive
Peer Comparison
Peer comparison — key ratios
NameMkt Cap CrP/EP/BROAROEROCEQuick RatioEV/EBITDA
BHEL1,51,156.3752.495.653.75%10.76%8.95%1.1830.46
ABB India1,44,436.7570.6647.920.64%22.38%29.83%1.6949.3
Siemens1,30,347.2339.49.3317.37%17.15%22.11%2.2926.52
CG Power1,28,873.31107.6216.749.79%15.13%20.17%1.5367.09
Hitachi Energy India1,28,052.17112.3624.979.55%19.09%24.84%1.3374.78
SIEMENS ENERGY INDIA LTD1,03,059.4993.8125.2912.38%25.11%31.5%1.7960.63
GE T&D India1,01,190.9643.217.749.84%18.64%20.9%1.0817.41
WAAREE ENERGIES LIMITED73,494.9218.365.0913.29%25.71%29.3%0.9210.09
Apar Industries70,803.1956.898.528.62%18.11%27.5%0.9131.96
Suzlon Energy57,162.2218.156.0516.66%33.43%27.06%1.117.24

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

About Thermax

ISIN
INE152A01029
Sector Market Cap
₹ 39,628.41 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.

Know more
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%
1 day
+1.62%
1 week
+2.17%
1 month
-5.94%
1 year
+5.04%
3 years
+14.14%
5 years
+139.73%
Day
Open / Close
Change %
16 Oct 26
₹3,302.00 / ₹3,326.80
+1.62%
15 Oct 26
₹3,295.00 / ₹3,273.80
-1.19%
14 Oct 26
₹3,290.00 / ₹3,313.30
+0.45%
13 Oct 26
₹3,319.00 / ₹3,298.60
-0.30%
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
Qty
Bid
48
3326.8
0
0
0
0
0
0
0
0
Ask
Qty
0
0
0
0
0
0
0
0
0
0
Bid Total: 48
Ask Total: 0
Buy orders: 100%
Sell orders: 0%
Bearish
3
Neutral
4
Bullish
1
Slightly Bearish
by SEBI experts
Expert Pick
EXPPICK
Stop-loss
Entry price
Target
Indicator
Value
Verdict
RSI (14)
41.77
Neutral
ATR (14)
114.24
Neutral
STOCH(9,6)
85.5
Bearish
STOCH RSI (14)
100
Bearish
ADX(9)
40.19
Bearish
UO(9)
54.16
Neutral
ROC(12)
1.09
Bullish
WillR(14)
-40.52
Neutral
Period
Simple value
Exponential vaue
5D
3304.2
3297.3
10D
3259.91
3301.2
20D
3347.47
3371.06
50D
3662.76
3637.77
100D
4166.9
3825.57
Volume trend — traded volume by day
16 Oct2L
15 Oct1L
14 Oct1L
13 Oct1L
12 Oct1L
Average1L

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

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Thermax Share Price FAQs

Disclaimer: The information on this page, including prices, charts, financials, ratios, and other data, is provided for informational and educational purposes only. It is not investment advice, a research report, or a recommendation or solicitation to buy, sell, or hold any security. Data is sourced from third parties and exchanges, may be delayed, and is not guaranteed to be accurate, complete, or timely. Upstox is not liable for any loss arising from its use.