Analysis, reports, chat and Advanced access use the same ShareKeyX account. The backend remains authoritative for roles, subscriptions, credits and permissions.
Reported and computed values remain separate; missing values are not converted to zero.
Research path: Interpret Thermax's snapshot alongside the wider market dashboard, the financial-statement research guide and the valuation-ratios field guide.
Crosshair, OHLCV tooltip, indicators, volume, zoom and pan use the same candle API as the advanced workspace.
Calculated from validated daily candles. Descriptive research only.
Indicators describe price behaviour and volatility; they are not a BUY, NEUTRAL or SELL recommendation.
IND AS · INR crore
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Liabilities Shareholders' Equity | 13,282.11 | 11,412.09 | 10,153.01 |
| Accumulated Depreciation Total | -1,303.74 | -1,132.82 | -1,014 |
| Cash Equivalents | 441.21 | 212.55 | 252.48 |
| Other Liabilities Total | 169.04 | 249.93 | 169.69 |
| Accrued Expenses | 254.64 | 245.44 | 227.47 |
| Long Term Debt | 1,615.83 | 1,161.55 | 789.48 |
| Common Stock Total | 23.83 | 23.83 | 23.83 |
| Other Equity Total | 35.2 | 55.77 | 51.19 |
| Other Current Assets Total | 659.51 | 709.6 | 673.49 |
| Prepaid Expenses | 43.92 | 34.99 | 33.56 |
| Total Assets | 13,282.11 | 11,412.09 | 10,153.01 |
| Current Portof LT Debt/Capital Leases | 679.16 | 537.28 | 471.54 |
| Additional Paid-In Capital | 67.17 | 64.55 | 58.71 |
| Cash | 229.61 | 199.89 | 234.1 |
| Total Equity | 5,549.97 | 4,936.89 | 4,439.8 |
| Long Term Investments | 802.01 | 379.37 | 452.04 |
| Retained Earnings(Accumulated Deficit) | 5,425.07 | 4,794.04 | 4,307.38 |
| Treasury Stock-Common | -1.3 | -1.3 | -1.31 |
| Total Common Shares Outstanding | 11.92 | 11.92 | 11.92 |
| Property/Plant/Equipment Total-Gross | 5,563.45 | 4,308.85 | 3,407.84 |
| Tangible Book Valueper Share Common Eq | 446.5 | 398.17 | 369.49 |
| Goodwill Net | 80.19 | 80.19 | 3.03 |
| Total Liabilities | 7,732.14 | 6,475.2 | 5,713.21 |
| Total Debt | 2,352.53 | 1,717.66 | 1,277.43 |
| Short Term Investments | 1,767.31 | 2,302.33 | 1,851.59 |
| Cashand Short Term Investments | 2,438.13 | 2,714.77 | 2,338.17 |
| Total Receivables Net | 3,388.39 | 2,763.39 | 2,806.33 |
| Notes Payable/Short Term Debt | 0 | 0 | 0 |
| Deferred Income Tax | 40.15 | 30.04 | 12.28 |
| Accounts Receivable-Trade Net | 2,977.92 | 2,484.96 | 2,605.15 |
| Property/Plant/Equipment Total-Net | 4,259.71 | 3,176.03 | 2,393.84 |
| Minority Interest | 29.22 | 5.69 | 0 |
| Total Current Liabilities | 5,820.36 | 5,009.16 | 4,725.35 |
| Total Inventory | 578.85 | 473.3 | 596.53 |
| Accounts Payable | 2,057.38 | 1,692.88 | 1,532.89 |
| Other Currentliabilities Total | 2,829.18 | 2,533.56 | 2,493.45 |
| Total Long Term Debt | 1,673.37 | 1,180.38 | 805.89 |
| Intangibles Net | 149.51 | 112.25 | 34.04 |
| Other Long Term Assets Total | 229.33 | 186.44 | 139.15 |
| Note Receivable-Long Term | 652.56 | 781.76 | 682.83 |
| Total Current Assets | 7,108.8 | 6,696.05 | 6,448.08 |
| Capital Lease Obligations | 57.54 | 18.83 | 16.41 |
PEG Ratio4.56
Price to Sale Ratio4.46
Debt 5Yr CAGR %48.31
Operating Margin 12m6.72
Operating Margin 5y Avg6.79
Net Profit Margin 12m5.45
Net Profit Margin 5y6.17
Dividend Yield %0.34
Overall RiskBalanced risk
Board Risk43.2
ConsensusHold
Consensus score2.95
Analyst opinions19
Strong Sell count3
Sell count2
Hold count8
Buy count3
Strong Buy count3
Provider consensus uses a 1 (Strong Buy) to 5 (Strong Sell) score. The payload does not include price targets, so none are inferred from 52-week prices or recommendation percentages.Only peers present in the company profile payload are displayed.
| Company | Price | Market cap | P/E | Research |
|---|---|---|---|---|
| Bharat Heavy Electricals | INR 411 | 1.43 L | 92.39 | — |
| Suzlon Energy | INR 48.22 | 66,272.43 | 22.83 | — |
| Voltas | INR 1,278.5 | 42,303.62 | 112.53 | — |
| AIA Engineering | INR 4,798.8 | 44,782.58 | 34.07 | — |
| Blue Star | INR 1,575 | 32,384.33 | 62.06 | — |
Source, timestamp and external destination are shown. Provider relevance scores are not available.
The Indian stock market remained range-bound due to fragile investor sentiment amid West Asian tensions. Despite modest losses in benchmark indices, broader markets performed well, supported by select sectors.
The Indian stock market showed a modest recovery on July 9, with major indices ending slightly higher after a significant decline. Positive momentum early on faded as investors took profits, resulting in the Nifty 50 rising 0.34% and the Sensex up 0.31%. The broader market performed better.
Indian stock markets rose on July 6, with benchmark indices gaining over 0.60%. The Nifty 50 closed 0.66% higher at 24,420, while Sensex advanced 0.67% to 78,236. HDFC Bank and Axis Bank drove gains, while Nifty Realty led sectoral increases with a 2% rise.
The Indian stock market fell on June 3, with the Nifty 50 down 0.36% and the Sensex down 0.54%. Rising crude oil prices and escalating Middle East tensions contributed to the decline, impacting investor confidence and market sentiment.
Thermax shares surged 14% to ₹ 4,759 after a strong March quarter, with an 18% profit increase to ₹ 244 crore. FY26 revenue rose 3% to ₹ 10,694 crore, with a 27% increase in order balance. The company also announced dividends totaling ₹ 20 per share.
Stock market today: Experts recommend these eight stocks to buy today —Sona Blw Precision Forgings, Sai Life Sciences, Reliance, SAIL, GPPL, Thermax, and Tata Capital
Posts are linked to the canonical company record. Community BUY, NEUTRAL and SELL opinions are user-generated, moderated and separate from analyst consensus and ShareKeyX AI.
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 has the symbol THERMAX and ISIN - INE152A01029.
Thermax is currently trading at INR 4,041.00.
Thermax has a year high of INR 5,075.00 and a year low of INR 2,742.70.
Thermax has a market capitalization of INR 47,706.61 crore.
Thermax has a P/E ratio of 97.85.
Thermax has a dividend yield of 0.34%.
Thermax has revenue of INR 10,694.15 crore, net income of INR 720.50 crore, and EPS of INR 51.88.
Thermax has a book value of NA.
Thermax has a debt-to-equity ratio of NA.
Thermax has a price-to-book ratio of NA and a price-to-sales ratio of 4.46.
Corporate-action adjustment is provider-defined. ShareKeyX research and computed indicators are not investment advice.