Valuation: Thermax Limited

Capitalization 325B 3.58B 3.05B 2.85B 2.68B 4.93B 5.39B 33.23B 12.84B 153B 13.44B 13.16B 556B P/E ratio 2026 *
50.7x
P/E ratio 2027 * 37.4x
Enterprise value 336B 3.7B 3.15B 2.95B 2.77B 5.1B 5.57B 34.36B 13.28B 158B 13.9B 13.61B 575B EV / Sales 2026 *
3.11x
EV / Sales 2027 * 2.56x
Free-Float
24.87%
Yield 2026 *
0.52%
Yield 2027 * 0.62%
More valuation ratios * Estimated data
Dynamic Chart
1 day-0.23%
1 week+2.82%
Current month-1.22%
1 month-4.04%
3 months-12.98%
6 months-18.76%
Current year-28.59%
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1 week 2,744
Extreme 2744
2,958.4
1 month 2,742.7
Extreme 2742.7
3,054.9
Current year 2,742.7
Extreme 2742.7
4,316.95
1 year 2,742.7
Extreme 2742.7
4,989
3 years 1,830.65
Extreme 1830.65
5,839.95
5 years 874
Extreme 874
5,839.95
10 years 570
Extreme 570
5,839.95
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Manager TitleAgeSince
Chief Executive Officer 54 2020-04-06
Director of Finance/CFO - 2019-05-31
Compliance Officer - 2025-06-26
Director TitleAgeSince
Chairman 58 2004-10-04
Director/Board Member - 2001-01-14
Director/Board Member 74 2016-11-09
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Change 5d. change 1-year change 3-years change Capi.($)
-0.23%+2.82%-39.79%+42.99% 3.59B
-0.43%+1.94%+30.56%+207.84% 111B
-6.04%-3.37%+41.11%+36.82% 36.51B
-0.75%+0.12%+13.52%+24.75% 33.66B
-0.30%+3.97%-18.38%+57.33% 32.25B
-1.22%+4.49%-0.57%+48.80% 27.61B
-2.25%-6.06%-13.49%-13.32% 22.23B
+0.27%-2.29%-14.19%-1.56% 21.49B
-1.56%-1.22%+70.04%+269.16% 21.1B
-1.02%-3.13%+96.80%+77.76% 20.8B
Average -1.36%+0.47%+16.56%+75.06% 33.07B
Weighted average by Cap. -1.34%+0.57%+22.67%+107.84%
See all sector performances

Financials

2026 *2027 *
Net sales 108B 1.19B 1.01B 949M 891M 1.64B 1.79B 11.06B 4.27B 50.9B 4.47B 4.38B 185B 126B 1.39B 1.19B 1.11B 1.04B 1.92B 2.1B 12.93B 5B 59.53B 5.23B 5.12B 216B
Net income 6.54B 72.08M 61.29M 57.35M 53.86M 99.24M 108M 669M 258M 3.08B 270M 265M 11.19B 8.81B 97.11M 82.58M 77.27M 72.57M 134M 146M 901M 348M 4.15B 364M 357M 15.08B
Net Debt 11.09B 122M 104M 97.31M 91.39M 168M 184M 1.13B 438M 5.22B 459M 449M 18.99B -691M -7.62M -6.48M -6.06M -5.69M -10.49M -11.46M -70.69M -27.32M -325M -28.59M -27.99M -1.18B
More financial data * Estimated data
Logo Thermax Limited
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.
Employees
5,601
More about the company
Date Price Change Volume
25-12-16 2,884.60 -0.23% 35,543
25-12-15 2,891.20 +0.72% 105,340
25-12-12 2,870.40 +2.56% 428,416
25-12-11 2,798.70 +0.90% 34,558
25-12-10 2,773.80 -2.11% 53,422

Delayed Quote NSE India S.E., December 16, 2025 at 06:49 am EST

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Trader
Investor
Global
Quality
ESG MSCI
BB
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
2,891.20INR
Average target price
3,464.35INR
Spread / Average Target
+19.82%
Consensus

Quarterly revenue - Rate of surprise

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