Valuation: Thermax Limited

Market Cap 358B 3.76B 3.38B 3.12B 2.83B 5.28B 5.34B 37.31B 14.86B 187B 14.12B 13.82B 595B P/E 2027 *
52.4x
P/E 2028 * 35.8x
Enterprise Value 378B 3.97B 3.56B 3.29B 2.98B 5.57B 5.64B 39.34B 15.67B 198B 14.89B 14.57B 628B EV / Sales 2027 *
3.11x
EV / Sales 2028 * 2.61x
Free-Float
26.34%
Yield 2027 *
0.56%
Yield 2028 * 0.68%
1 day+0.86%
1 week+1.13%
Current month-6.24%
1 month-6.07%
3 months-27.99%
6 months-20.79%
Current year+5.22%
1 week 3,022.6
Extreme 3022.6
3,209.9
1 month 3,022.6
Extreme 3022.6
3,424.5
Current year 2,749.8
Extreme 2749.8
5,277.8
1 year 2,742.7
Extreme 2742.7
5,277.8
3 years 2,500.25
Extreme 2500.25
5,839.95
5 years 1,330
Extreme 1330
5,839.95
10 years 570
Extreme 570
5,839.95
Manager TitleAgeSince
Chief Executive Officer 55 07/04/2020
Director of Finance/CFO - 01/06/2019
Compliance Officer - 27/06/2025
Director TitleAgeSince
Chairman 59 05/10/2004
Director/Board Member - 15/01/2001
Director/Board Member 75 10/11/2016
Change 5-day change 1-year change 3-year change Capi.($)
+0.86%+1.13%-2.28%+14.66% 3.74B
+1.24%-4.83%+18.89%+149.00% 114B
+0.46%-2.75%+12.51%+29.97% 88.09B
-0.15%-0.82%+39.16%+89.71% 63.24B
+0.31%-1.98%+23.59%+78.61% 59.14B
-0.18%-1.71%+97.31%+181.20% 57.22B
-1.37%+3.79%+21.02%+59.79% 34.09B
-0.11%-4.57%-4.31%+27.06% 29.31B
+0.88%+4.08%+15.74%+61.96% 27.42B
-4.99%-17.04%-41.38%+0.07% 21.39B
Average -0.29%-1.90%+18.02%+69.20% 49.72B
Weighted average by Cap. +0.11%-1.83%+25.77%+90.18%

Financials

2027 *2028 *
Net sales 121B 1.27B 1.14B 1.06B 958M 1.79B 1.81B 12.65B 5.04B 63.54B 4.78B 4.68B 202B 145B 1.52B 1.36B 1.26B 1.14B 2.13B 2.16B 15.05B 5.99B 75.62B 5.69B 5.57B 240B
Net income 6.98B 73.33M 65.79M 60.83M 55.09M 103M 104M 727M 290M 3.65B 275M 269M 11.6B 10.26B 108M 96.68M 89.38M 80.95M 151M 153M 1.07B 426M 5.37B 404M 396M 17.05B
Net Debt 19.55B 205M 184M 170M 154M 288M 292M 2.04B 811M 10.23B 770M 754M 32.47B 18.49B 194M 174M 161M 146M 273M 276M 1.93B 767M 9.68B 729M 713M 30.72B
Projected Income Statement - Annual - Thermax Limited
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
3,962
Date Price Change Volume
28/10/26 ₹3,180.50 +0.86% 69,012
27/10/26 ₹3,153.30 -1.06% 128,172
26/10/26 ₹3,187.00 +2.94% 82,599
23/10/26 ₹3,096.00 -2.07% 176,739
22/10/26 ₹3,161.30 +0.52% 68,466
Trader
Investor
Global
Quality
ESG MSCI
B
MarketScreener Ratings - Thermax Limited
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
3,180.50INR
Average target price
4,419.10INR
Spread / Average Target
+38.94%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Thermax Limited
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