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Sector: General Industrials

Large Cap

Thermax Share Price

Thermax Ltd.

₹3,538.10

246.50(7.49%)

Invest in THERMAX with up to 2.50x margin.

Trade with MTF

9th Apr 2026 | 3:28 PM

NSE : THERMAX

Open Free Demat Account

Thermax Performance

Price Movement

₹3538.10

₹3255.00

₹3586.00

↘ Today's Low↗ Today's High

1 Year Performance

₹3538.10

₹2742.70

₹4091.80

↘ 52 Week Low↗ 52 Week High

Markets Today

High₹3,586.00

Low₹3,255.00

Open at₹3,296.00

Prev Close₹3,291.60

Volumes6.77 L

Avg Price₹3,443.86

Lower Circuit₹2,633.30

Upper Circuit₹3,949.90

Historical Performance

3M High₹3,586.00

3M Low₹2,749.80

1 Yr High₹4,091.80

1 Yr Low₹2,742.70

3 Yr High₹5,839.95

3 Yr Low₹2,191.85

5 Yr High₹5,839.95

5 Yr Low₹1,286.95

Thermax Fundamentals

Market Cap

High in industry

42,122.90 Cr.

PE Ratio (TTM)

Above industry Median

61.80

Dividend Yield

Below industry Median

0.40

Net Profit TTM

10.2% incr over last year

681.95

Net Profit Growth

10.2% incr over last year

681.95

PEG Ratio

High in industry

6.10

ROE

12% decr over last year

12.85

Operating Revenue TTM

10,343.69

Operating Revenue Growth

2.7% incr over last year

Book Value

Above industry Median

MFI

MFI is mid-range

62.22

RSI

RSI is mid-range

56.75

EPS (TTM)

56.33

Debt to Equity

0.34

Face Value

Operating Profit Margin Qtr.

8.53

Operating Profit Qtr.

254.82

Net Profit Qtr.

204.18

Operating Revenue Qtr.

2,634.68

PB Ratio

Thermax Financials

*All values are in Rs. Cr

Loading chart...

Indicator	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024
Total Revenue	1,599.01	1,504.60	1,182.66	1,971.65	1,452.71
Operating Expense	1,460.09	1,398.60	1,128.03	1,754.83	1,342.27
Operating Profit	138.92	106	54.63	216.82	110.44
Depreciation	27.02	25.63	24.16	20.36	18.93
Interest	8.49	5.01	3.40	8.64	8.49
Tax	52.01	27.49	15.45	62.15	20.71
Net Profit	175.48	225.92	46.47	275.05	103.18

THERMAX Stock Recommendation by HDFC

View Call ↗

Research Type

Equity , Long Term

Buy Range

₹3,778 - ₹0

Target Price

₹4,125

Stop Loss

Target Date

23 Aug 26

Potential Returns

9.18 %

View Call ↗

Thermax Technicals

Thermax Ltd. EMA & SMA

₹3538.10

246.50 (7.49%)

↗ Bullish Moving Average

↘ Bearish Moving Average

Day EMA5 ₹3267.1

Day EMA10 ₹3253.4

Day EMA12 ₹3246.8

Day EMA20 ₹3217.9

Day EMA26 ₹3196.2

Day EMA50 ₹3133.2

Day EMA100 ₹3109.3

Day EMA200 ₹3213

Thermax Support and Resistance

Resistance

First Resistance₹3349.53

Second Resistance₹3407.47

Third Resistance₹3483.93

Support

First Support₹3215.13

Second Support₹3138.67

Third Support₹3080.73

Technical Indicators

Day RSI56.75

Day MFI62.22

Day ADX11.57

Day Commodity Channel Index68.20

William-20.26

Day MACD50.54

Day MACD Signal Line53.07

Day ATR118.95

Day ROC1253.23

Day ROC217.44

Thermax Shareholding Pattern

Held By	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoter	62	62	62	62	62	62
FII	15.4	15.5	15.9	16	13.4	12.4
DII	12.7	12.7	12.2	11.8	14	14.8
Public	4.4	4.4	4.4	4.8	5.2	5.4

Thermax Delivery And Volume

Period	Combined Delivery Volume	NSE+BSE Traded Volume Avg	Daily Avg Delivery Volume %
Day	1.86 L	3.09 L	60.07%
Week	97.18 K	1.69 L	57.54%
1 Month	1.5 L	2.45 L	61.45%
6 Month	77.8 K	1.33 L	58.42%

Thermax SWOT Analysis

Strengths20

Weakness5

Opportunity6

Threats0

Positive Breakout Third Resistance ( LTP > R3)

Benjamin Graham Value Screen

Price crossing above SMA20 today, and greater than SMA5

30 Day SMA crossing over 200 Day SMA, and current price greater than open

Companies with 10% increase in share price over three months, with rising net profit growth

Strong Momentum: Price above short, medium and long term moving averages

Mid-range Performer (DVM)

Relative Outperformance versus Industry over 1 Month

Companies with high TTM EPS Growth

Relative Outperformance versus Industry over 1 Month

Growth in Net Profit with increasing Profit Margin (QoQ)

Companies with Low Debt

Increasing Revenue every quarter for the past 2 quarters

Book Value per share Improving for last 2 years

Companies with Zero Promoter Pledge

RSI indicating price strength

High Volume, High Gain

Top Gainers

High Volume, High Gain

Volume Shockers

Thermax Corporate Action

Ex-Date	Dividend Amount	Dividend Type	Record Date	Instrument Type
04 Jul, 2025	14	FINAL	04 Jul, 2025	Equity Share
05 Jul, 2024	12	FINAL	05 Jul, 2024	Equity Share
21 Jul, 2023	10	FINAL	21 Jul, 2023	Equity Share
21 Jul, 2022	9	FINAL	22 Jul, 2022	Equity Share
22 Jul, 2021	7	FINAL	23 Jul, 2021	Equity Share
20 Mar, 2020	7	INTERIM	23 Mar, 2020	Equity Share
25 Jul, 2019	7	FINAL	27 Jul, 2019	Equity Share
26 Jul, 2018	6	FINAL		Equity Share
27 Jul, 2017	6	FINAL		Equity Share
28 Jul, 2016	6	FINAL		Equity Share

Thermax Stock Comparison

Financials	Mazagon Dock Shipbuilders Ltd.	Hitachi Energy India Ltd.	Garden Reach Shipbuilders & Engineers Ltd.	Bharat Dynamics Ltd.	Hindustan Aeronautics Ltd.	PTC Industries Ltd.
Price (₹)	₹2,440.80	₹27,425	₹2,524.90	₹1,325.90	₹4,030	₹15,447
% Change	1.91%	5.83%	1.92%	2.67%	3.13%	-2.27%
Revenue TTM (₹ Cr)	₹12,330.33	₹7,277.34	₹6,524.98	₹3,738.56	₹32,846.27	₹499.23
Net Profit TTM (₹ Cr)	₹2,406.70	₹841.27	₹688.98	₹579.93	₹8,896.18	₹66.22
PE TTM	40.80	144.70	42.00	83.80	30.30	349.50
1 Year Return	3.26	134.14	61.17	2.95	-0.22	16.23
ROCE	34.50	-	-	-	17.41	6.02

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FAQ's on THERMAX

What is the current share price of Thermax Ltd.?

As of 6 June 2025 at 10:01 AM, the share price for Thermax Ltd. is ₹ 3538.1 on the NSE and ₹ 3535 on the BSE. (Note: Prices are dynamic and update frequently during market hours).

What is the Market Capitalization of Thermax Ltd.?

Market capitalization (market cap) represents the total market value of a company's outstanding shares based on its current share price. As of 6 June 2025, the market cap for Thermax Ltd. is approximately ₹ 42122.9 Cr.

What are the PE and PB ratios for Thermax Ltd.?

Based on recent data, the Price-to-Earnings (PE) ratio for Thermax Ltd. is 61.8, and the Price-to-Book (PB) ratio is 8.

What is the 52-Week High and Low for Thermax Ltd.?

Over the past 52 weeks, the highest price reached by Thermax Ltd. shares was ₹ 4091.8, and the lowest price was ₹ 2742.7.

What is the current dividend yield for Thermax Ltd.?

As of 6 June 2025, the dividend yield for Thermax Ltd. is 0.4%. The dividend yield is calculated based on the company's annual dividend payouts relative to its current share price.

Who are the major shareholders of Thermax Ltd.?

Significant shareholdings in Thermax Ltd. typically include entities such as:

Promoter
Mutual Funds
FII
Public
Other Institutions

(Note: Shareholding patterns can change; this represents major holders based on recent filings).

Who are the peers of Thermax Ltd. in the General Industrials sector?

In the General Industrials sector, Thermax Ltd. is often compared with other major players such as Powerica, Tipco Engineering, Apsis Aerocom, Omnitech Engineering, Accord Transformer and Bhagawati Gas for analysis and benchmarking.

What is the latest dividend information for Thermax Ltd.?

Thermax Ltd. last declared a FINAL dividend of ₹ 14 per share for the financial period ending 2025. The record date was set as 2025-07-04, and the payment was/is scheduled around 2025-07-04. For the most current dividend announcements, refer to official company filings.