NSE · THERMAX
Thermax Ltd.
Revenue & net profit by period
Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.
Latest period: revenue ₹1,303 Cr with net profit ₹-18 Cr — a -1.39% net margin, versus 6.53% the period before.
Shareholding
As of 2026-09-30
- Promoter61.98%
- Public11.78%
- FII11.31%
- DII14.94%
87,995 shareholders on record
Promoter holding trend
Each disclosed period, oldest to newest
52-week position
Where the current price sits in its yearly band
The band spans 1.92× from low to high.
Risk flags
Derived from disclosed data
No flags raised by the data.
Peer comparison
Electric Equipment · ranked #10 of 103 by market cap · medians across 49 industry peers
| Company | Mkt cap | P/E | P/B | ROE | Margin |
|---|---|---|---|---|---|
| Bharat Heavy Electricals Ltd. | ₹1,37,385 Cr | 47.71 | 5.13 | 10.76% | 7.62% |
| ABB India Limited | ₹1,34,721 Cr | 87.41 | 14.41 | 16.5% | 22.41% |
| CG Power & Industrial Solutions Ltd. | ₹1,31,276 Cr | 103.13 | 15.02 | 15.74% | 10.04% |
| Siemens Ltd. | ₹1,16,765 Cr | 77.68 | 8.43 | 17.15% | 18.13% |
| GE Vernova T&D India Ltd. | ₹97,042 Cr | 71.86 | 36.07 | 45.84% | 19.44% |
| Waaree Energies Limited | ₹66,706 Cr | 16.54 | 4.62 | 25.71% | 12.7% |
| Havells India Ltd. | ₹63,509 Cr | 37.43 | 6.5 | 17.02% | 6.59% |
| Apar Industries Ltd. | ₹61,975 Cr | 51.42 | 7.85 | 18.11% | 4.86% |
| Suzlon Energy Limited | ₹50,618 Cr | 16.07 | 5.35 | 33.43% | 18.09% |
| Thermax Ltd.(this company) | ₹37,975 Cr | 69.03 | 6.83 | 12.98% | 5.47% |
AI analysis
AI-generated · google/gemini-2.5-flashThermax Ltd. is listed on the Indian markets with a market capitalization of Rs 56129 Cr. The company reported a revenue of Rs 11041.49 Cr and a profit margin of 6.74% in the last fiscal year. Earnings per share stood at Rs 46.43.
Positives
- +Promoter holding is significant at 61.98% as of June 30, 2026.
- +The company demonstrated revenue growth of 11.4% to Rs 11041.49 Cr.
- +There are no promoter share pledges reported.
- +Quarterly revenue for Mar 2026 shows growth to Rs 3428.04 Cr from Rs 2634.68 Cr in Dec 2025.
Negatives
- −The profit margin is 6.74%, which could be considered modest.
- −The Price-to-Earnings (P/E) ratio is 101.45, which is relatively high.
- −The dividend yield is 4%, which could be lower compared to some other investment options.
Financial Performance
Thermax Ltd. reported a revenue of Rs 11041.49 Cr for the period ending Mar 2026, marking an 11.4% growth. The annual net profit for the same period was Rs 720.5 Cr. Quarterly revenue for Mar 2026 was Rs 3428.04 Cr, with a net profit of Rs 244.28 Cr. The company's EPS was Rs 46.43.
Profitability & Returns
The company's profit margin was 6.74%. Return on Equity (ROE) was 12.98% and Return on Capital Employed (ROCE) was 14.29%. The Earnings Per Share (EPS) for the last reported period was Rs 46.43.
Balance Sheet
Thermax Ltd. has a debt-to-equity ratio of 0.39. The book value per share is Rs 465.88. No pledges were reported by the promoters.
Ownership & Pledges
As of June 30, 2026, promoters held 61.98% of the shares. FIIs held 11.46% and DIIs held 15.22%. The public shareholding was 11.34%. Total institutional holding stood at 26.68%. There were no promoter share pledges reported.
Data as of — price: 2026-10-27 · financials: Jun 26 · shareholding: Sep 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.
How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.