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Thermax Limited

Industrials THERMAX

2920.60INR
12.30 ( 0.42%)

Last update at 2026-01-23 00:00:00

Day Range

2900.002959.90
LowHigh

52 Week Range

2742.70 4229.73
LowHigh

Fundamentals

  • Previous Close 2908.30
  • Market Cap 344859.25M
  • Volume67,965
  • P/E Ratio 57.99
  • EBITDA 8734.50M
  • Revenue TTM 102259.80M
  • Revenue Per Share TTM 907.88
  • Gross Profit TTM 47023.20M
  • Diluted EPS TTM 52.79

Source: TradingView
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Financials

Income Statement

Total Revenue
Net Income

Balance Sheet

Total Assets
Total Liabilities

Change in Cash

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Income before tax 8844.70M 8689.60M 6030.60M 4101.00M 2751.90M
Net income 6344.70M 6452.80M 4502.90M 3123.10M 2065.80M
Total Revenue 103886.90M 92372.40M 80898.10M 60640.30M 47102.40M
Gross Profit 45751.90M 37892.20M 34651.30M 17303.40M 14872.90M
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Total assets 120380.20M 101530.10M 88386.10M 74611.10M 65068.70M
Intangible assets 1122.50M 340.40M 291.90M 375.20M 320.20M
Other current assets 14243.10M 7315.90M 4760.00M 73.60M 122.50M
Deferred long term liab - - - - -
Non current assets other - - - - -
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Change in Cash -537.80M 190.20M 1442.90M -1153.70M 2198.10M
Operating Cash 10427.90M 2473.00M 4595.60M 3247.10M 7694.80M
Free Cash Flow 1401.20M -5966.40M -1903.80M 2409.30M 6861.10M

Peer Comparison

Sector: Industrials Industry: Conglomerates

Company Change Price Market Cap (M) P/E Ratio
THERMAX
Thermax Limited 		12.30 0.42% 2920.60 344859.25 57.99
SRF
SRF Limited 		62.00 2.32% 2738.90 904006.80 55.94
TIINDIA
Tube Investments of India Limited 		30.20 1.33% 2303.10 485225.50 77.51
3MINDIA
3M India Limited 		-85.00 -0.25% 33895.00 392362.39 70.83
GODREJIND
Godrej Industries Limited 		-1.10 -0.11% 1004.80 370415.76 37.17

Profile

Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction. The Industrial Infra segment provides engineering, procurement, and construction (EPC) of power plants, infra projects, and flue gas desulphurisation projects, along with associated services and manufacturing, installation, sales and services related to boiler and heater plants. The Green solutions segment builds, owns and operates BOO models, energy management solutions, oil and gas-fired, green hydrogen projects and renewable energy (Solar/Wind). The Chemical segment offers manufacturing, installation, sales and services related to ion exchange resins, performance chemicals, construction chemicals, water treatment chemicals, oil field chemicals, paper and construction chemicals, and related services. It also operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. In addition, the company offers steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tyre industries. Thermax Limited was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

Thermax Limited

Thermax House, Pune, India, 411003

Key Executives

Name Title Year Born
Mr. Ashish Bhandari MD, CEO & Additional Director 1971
Mr. Rajendran Arunachalam Exec. VP & Group CFO NA
Ms. Janhavi Khele Company Sec. & Compliance Officer NA
Mr. Mahesh Murthy Exec. VP & CTO NA
Dr. Amit Sethi Exec. VP and Chief Digital & Information Officer NA
Mr. Jasmeet Bhatia Exec. VP & Chief HR Officer NA
Mr. Hemant Mohgaonkar Exec. VP of New Energy NA
Mr. Pravin Karve Pres of TBWES and P&ES NA
Mr. B. C. Mahesh Exec. VP & Head of Industrial Product Bus. NA
Mr. Bill Shukla Exec. VP of Industrial Products NA

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