NSE · THERMAX · Capital Goods - Electrical Equipment
Thermax Ltd.
Revenue & net profit by period
Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.
Latest period: revenue ₹1,712 Cr with net profit ₹263 Cr — a 15.34% net margin, versus -1.39% the period before.
Shareholding
As of 2026-09-30
- Promoter61.98%
- Public11.78%
- FII11.31%
- DII14.94%
87,995 shareholders on record
Promoter holding trend
Each disclosed period, oldest to newest
52-week position
Where the current price sits in its yearly band
The band spans 1.98× from low to high.
Risk flags
Derived from disclosed data
No flags raised by the data.
Peer comparison
Electric Equipment · ranked #11 of 103 by market cap · medians across 49 industry peers
| Company | Mkt cap | P/E | P/B | ROE | Margin |
|---|---|---|---|---|---|
| Bharat Heavy Electricals Ltd. | ₹1,51,922 Cr | 52.76 | 5.67 | 10.76% | 7.62% |
| ABB India Limited | ₹1,49,491 Cr | 97 | 15.98 | 16.39% | 21.98% |
| CG Power & Industrial Solutions Ltd. | ₹1,30,451 Cr | 93.35 | 14.93 | 15.74% | 10.04% |
| Siemens Ltd. | ₹1,30,340 Cr | 85.39 | 8.25 | 9.66% | 17.43% |
| GE Vernova T&D India Ltd. | ₹1,13,173 Cr | 76.35 | 34.31 | 43.61% | 19.96% |
| Waaree Energies Limited | ₹73,236 Cr | 18.73 | 4.57 | 23.05% | 11.72% |
| Havells India Ltd. | ₹72,804 Cr | 42.9 | 7.45 | 17.02% | 6.59% |
| Apar Industries Ltd. | ₹61,418 Cr | 43.84 | 7.21 | 16.16% | 5.4% |
| Suzlon Energy Limited | ₹52,159 Cr | 23.04 | 5.09 | 21.98% | 12.29% |
| Dhoot Transmission Ltd. | ₹33,528 Cr | 69.31 | 8.29 | 11.97% | 7.6% |
| Thermax Ltd.(this company) | ₹33,080 Cr | 60.68 | 6.03 | 10.73% | 5.29% |
AI analysis
AI-generated · google/gemini-2.5-flashThermax Ltd. is listed on the Indian markets with a market capitalization of Rs 56129 Cr. The company reported a revenue of Rs 11041.49 Cr and a profit margin of 6.74% in the last fiscal year. Earnings per share stood at Rs 46.43.
Positives
- +Promoter holding is significant at 61.98% as of June 30, 2026.
- +The company demonstrated revenue growth of 11.4% to Rs 11041.49 Cr.
- +There are no promoter share pledges reported.
- +Quarterly revenue for Mar 2026 shows growth to Rs 3428.04 Cr from Rs 2634.68 Cr in Dec 2025.
Negatives
- −The profit margin is 6.74%, which could be considered modest.
- −The Price-to-Earnings (P/E) ratio is 101.45, which is relatively high.
- −The dividend yield is 4%, which could be lower compared to some other investment options.
Financial Performance
Thermax Ltd. reported a revenue of Rs 11041.49 Cr for the period ending Mar 2026, marking an 11.4% growth. The annual net profit for the same period was Rs 720.5 Cr. Quarterly revenue for Mar 2026 was Rs 3428.04 Cr, with a net profit of Rs 244.28 Cr. The company's EPS was Rs 46.43.
Profitability & Returns
The company's profit margin was 6.74%. Return on Equity (ROE) was 12.98% and Return on Capital Employed (ROCE) was 14.29%. The Earnings Per Share (EPS) for the last reported period was Rs 46.43.
Balance Sheet
Thermax Ltd. has a debt-to-equity ratio of 0.39. The book value per share is Rs 465.88. No pledges were reported by the promoters.
Ownership & Pledges
As of June 30, 2026, promoters held 61.98% of the shares. FIIs held 11.46% and DIIs held 15.22%. The public shareholding was 11.34%. Total institutional holding stood at 26.68%. There were no promoter share pledges reported.
Data as of — price: 2026-11-14 · financials: Sep 26 · shareholding: Sep 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.
How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.