Thermax Analyst Rating
based on 19 analysts
15.00%
Buy
35.00%
Hold
50.00%
Sell
Based on 19 analysts offering long term price targets for Thermax. An average target of ₹4379.63
Source: S&P Global Market Intelligence
Thermax Share analysis
Thermax price forecast by 19 analysts
Upside of10.49%
High
₹6100
Target
₹4379.63
Low
₹2400
Thermax target price ₹4379.63, a slight upside of 10.49% compared to current price of ₹3964. According to 19 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Thermax revenue growth forecast
Expected growth rate Q1, FY2027:55.70%
Forecast
Actual
Including amortisation and stock based compensations
Thermax EPS growth forecast
EPS estimate Q1, FY2027:76.81%
Forecast
Actual
Source: S&P Global Market Intelligence
Thermax Performance
Day's Low
Day's High
₹3,906.45Day's Price Range₹4,246.852 Week's Low
52 Week's High
₹2,97752-Week Price Range₹5,839.95
| Returns % | |
| 1 Month Return | -16.49 % |
| 3 Month Return | -23.75 % |
| 1 Year Return | + 28.96 % |
| Market Stats | |
| Previous Close | ₹4,045.15 |
| Open | ₹4,038.45 |
| Volume | 2.56L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹48,200.51Cr |
Thermax Key Statistics
| P/E Ratio | 60.21 |
| PEG Ratio | 2.79 |
| Market Cap | ₹48,200.51 Cr |
| P/B Ratio | 14.13 |
| EPS | 57.12 |
| Dividend Yield | 0.29 |
| Sector | Capital Goods-Non Electrical Equipment |
| ROE | 12.95 |
Thermax Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹48,200.51 Cr | 54.55% | 0.55 | ₹643 Cr | ₹9,323 Cr | |
| HOLD | ₹32,978.17 Cr | 21.82% | 0.53 | ₹1,136 Cr | ₹4,853 Cr | |
| HOLD | ₹81,079.61 Cr | 80.5% | 0.52 | ₹1,720 Cr | ₹9,000 Cr | |
| HOLD | ₹73,328.77 Cr | 75.25% | 0.71 | ₹282 Cr | ₹23,892 Cr | |
| HOLD | ₹1,33,677.10 Cr | 81.15% | 0.51 | NA | NA |
About Thermax
Thermax's top products include boilers, chillers, water and waste management systems, air pollution control systems, and energy management systems. Its popular brands include Thermax, Thermion, and Thermofin. Thermax is also the leading supplier of energy efficient solutions in India, with its products helping customers reduce their energy consumption and carbon footprint.
Share Price: ₹3964.00 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹48,200.51Cr as of today
Revenue: ₹2,611.59Cr as on September 2024 (Q3 24)
Net Profit: ₹198.00Cr as on September 2024 (Q3 24)
Listing date: 14 Jun, 1995
Chairperson Name: Meher P Pudumjee
| Organisation | Thermax |
| Headquarters | Pune |
| Industry | Capital Goods-Non Electrical Equipment |
| E-voting on shares | Click here to vote |
Key events for Thermax Ltd
Thermax Ltd Faces Continued Decline in Stock Price - 13 Jan, 2025
Thermax Ltd has dropped for the fifth consecutive session, currently trading at Rs 3678.55, down 2.36%. The stock has eased around 25% in the last month, underperforming the Nifty Energy index, which is down 10.74%. The overall marketThermax Receives Positive Outlook Amid Clean Energy Focus - 02 Jan, 2025
Jefferies maintains a Buy rating for Thermax, projecting a target price of ₹6,100, highlighting its transition to clean energy and expected infrastructure growth. Despite recent stock declines, a 3.04% rise was noted on January 2, 2025.Thermax Limited Reports Growth Amid Market Fluctuations - 27 Dec, 2024
Thermax Limited, specializing in sustainable energy solutions, reported a 13.46% revenue growth in Q2FY25, with profits rising from Rs. 159 Crores to Rs. 198 Crores. Despite a slight share price decline, the company is expanding into green hydrogen technologies.
Insights on Thermax Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 15.38% to 15.49% in Dec 2024 quarter
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, THERMAX has outperformed top 5 stocks with highest market-cap in Industrial Machinery & Equipment
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 2.26K Cr → 2.67K Cr (in ₹), with an average increase of 15.1% per quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 115.81 Cr → 197.03 Cr (in ₹), with an average increase of 41.2% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 61.98% of holdings in Dec 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, AIA Engineering Ltd has given 76.3% return, outperforming this stock by 0.3%
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 12.06% to 11.87% in Dec 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 4.44% to 4.40% in Dec 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 1 month, THERMAX stock has moved down by -25.9%
Thermax Financials
Index Inclusions
Thermax Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 61.98% | 0.00 | |
| Foreign Institutions | 15.49% | 0.72 | |
| Mutual Funds | 11.87% | ||
| Retail Investors | 4.4% | ||
| Others | 6.26% | 1.93 |
Thermax Key Indicators
Thermax Valuation
Thermax in the last 5 years
Lowest (25.41x)
March 23, 2020
Today (60.21x)
January 17, 2025
Industry (60.96x)
January 17, 2025
Highest (116.86x)
March 10, 2021
Thermax Earnings and Dividends
Thermax Ltd Earnings Results
Thermax Ltd’s net profit jumped 24.92% since last year same period to ₹197.03Cr in the Q2 2024-2025. On a quarterly growth basis, Thermax Ltd has generated 70.13% jump in its net profits since last 3-months.
Read More about Earnings ResultsThermax Ltd Dividends May,2024
In the quarter ending March 2024, Thermax Ltd has declared dividend of ₹12 - translating a dividend yield of 0.55%.
Read More about Dividends
Thermax Technicals Summary
Bearish
Neutral
Bullish
Thermax Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Thermax Ltd
Thermax Ltd share price today stands at ₹3964, Open. ₹4038.45 ; Previous Close. ₹4045.15 ; High. ₹4246.8 ; Low. ₹3906.45 ; 52 Week High. ₹5839.95 ; 52 Week Low: ₹2977.
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Thermax Ltd is listed on NSE
Thermax Ltd is listed on BSE
- Today’s highest price of Thermax Ltd is ₹4246.8.
- Today’s lowest price of Thermax Ltd is ₹3906.45.
PE Ratio of Thermax Ltd is 60.21
PE ratio = Thermax Ltd Market price per share / Thermax Ltd Earnings per share
Today’s traded volume of Thermax Ltd(THERMAX) is 2.56L.
Today’s market capitalisation of Thermax Ltd(THERMAX) is ₹48200.51Cr.
| Thermax Ltd(THERMAX | Price |
|---|---|
52 Week High | ₹5839.95 |
52 Week Low | ₹2977 |
Thermax Ltd(THERMAX) share price is ₹3964. It is down -32.12% from its 52 Week High price of ₹5839.95
Thermax Ltd(THERMAX) share price is ₹3964. It is up 33.15% from its 52 Week Low price of ₹2977
| Thermax Ltd(THERMAX | Returns |
|---|---|
1 Day Returns | -81.15% |
1 Month Returns | -16.49% |
3 Month Returns | -23.75% |
1 Year Returns | 28.96% |