Thermax LTD
₹3,327.00▲ +53.20 (+1.63%)
THERMAX·NSE·Capital Goods
Market Cap
39640.92 Cr
PE Ratio
52.03
Volume
2,88,471
Day High - Low
3361.00 - 3245.50
52W High-Low
5277.80 - 2742.70
₹3,327.00▲ +53.20 (+1.63%)
Market Cap39640.92 Cr
PE Ratio52.03
Volume2,88,471
Day High - Low3361.00 - 3245.50
52W High-Low5277.80 - 2742.70
Thermax Ltd (THERMAX): company summary
The company's annual revenue grew 3.0% to ₹10,694 crore, while annual net profit rose 14.9% to ₹720 crore.
Thermax Ltd (THERMAX) is a mid-cap Capital Goods company valued at ₹39,641 crore operating in Heavy Electrical Equipment on the NSE and BSE.
- Recent price move
- Thermax Ltd last traded at ₹3,327, modestly up 1.63% on the day.
- Recent developments
- On 2026-10-09, Thermax announced plans to divest over 51% stake in its renewable energy subsidiary First Energy, with an estimated enterprise value of ₹3,000 crore. The company also outlined plans for 22% revenue growth to ₹13,000 crore, driven by infrastructure and data-centre demand. On 2026-09-04, Thermax highlighted its plan to operate over 10 bio-CNG plants annually, aiming for 'ethanol-like' growth. On 2026-07-31, shares crashed 16% after the company reported an 86% profit decline in the first quarter.
- Financial performance
- The company's annual revenue grew 3.0% to ₹10,694 crore, while annual net profit rose 14.9% to ₹720 crore. However, the latest quarter saw a sharp drop in net profit, falling -85.6% to ₹22 crore, despite revenue rising 6.7% to ₹2,303 crore.
- Valuation multiples
- The stock trades at 52.0 times earnings, 7.82 times book value. It yields 0.6%.
- Things to watch
- The latest quarter net profit fell -85.6% to ₹22 crore, while the stock is 38.3% below its 52-week high. The company also reported a sharp drop in profit, with earnings before interest, taxes, depreciation, and amortization falling.
- Where it stands
- The company's annual net profit rose 14.9% to ₹720 crore, but the latest quarter saw a sharp drop in net profit, falling -85.6% to ₹22 crore. The stock is 38.3% below its 52-week high.
Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.
DocStoX Score
5.0/10
Weak
Fair Value
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ROE
12.98%
Average
P/E
52.03x
Expensive
Debt / Equity
0.42
Moderate
Industry
Capital Goods
Heavy Electrical Equipment
Overall View
Mixed
Price performance
NIFTY 500NIFTY MIDCAP 150NIFTY ENERGY
Day₹3246
₹3361
52W₹2743
₹5278
DocStoX take
Supported by growth (9.3) and risk (8.9), but held back by valuation (0.0). Growth looks strong at 9.3, but that is offset by valuation at 0.0 and momentum at 1.1. We are calling it Mixed rather than resolving the conflict for you.
DocStoX score
Low confidence5.0
/10
Weak
Quality
Modest
ROE 13.0%
Valuation
Expensive
P/E 52.0×
Growth
Strong
Revenue +17.4% 5Y CAGR
Risk
Low risk
D/E 0.42
Momentum
Weak
23% of 52-week range
At a glance
Market Cap
₹39,641 Cr
52W High / Low
₹5278 / ₹2743
Dividend Yield
0.55%
Promoter Holding
61.98%
EPS (TTM)
₹63.95
Book Value
₹492.67
Key highlights
- Profit compounding 28% a year
- Profitable in all of the last 5 years
- Revenue compounding 17% a year
- Valuation is weak (0.0/10)
- Momentum is weak (1.1/10)
3 Positives3 Watchouts
Growth
Financials
Technicals
Peers
News
Forecasts
About the company
More data
Filings, corporate actions and ownership detail — opened on demand.
More Capital Goods stocks · Heavy Electrical Equipment
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Fair ValueOur fair-value estimate, upside, and Bear/Base/Bull scenarios.Intrinsic ValueGraham & earnings-power intrinsic value with margin of safety.DCFDiscounted cash flow — free cash flow, growth, value per share.ValuationP/E, P/B, earnings yield and the full multiples picture.Financial RatiosProfitability, leverage and efficiency ratios at a glance.PeersHow it stacks up against its closest listed competitors.
THERMAX LTD peers in Capital Goods
Other Capital Goods stocks on the NSE & BSE. See the full Capital Goods sector list.
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