Analyst Rating
based on 20 analysts
14.29%
Buy
38.10%
Hold
47.62%
Sell
Based on 20 analysts offering long term price targets for Thermax Ltd. An average target of ₹4260.8
Source: S&P Global Market Intelligence
Thermax Ltd Share analysis
Thermax Ltd price forecast by 20 analysts
Downside of
High
₹6075
Target
₹4260.80
Low
₹2400
Thermax Ltd target price ₹4260.8, a slight downside of -18.54% compared to current price of ₹5220.55. According to 20 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Thermax Ltd revenue growth forecast
Expected growth rate Q1, FY2026:34.85%
Forecast
Actual
Including amortisation and stock based compensations
Thermax Ltd EPS growth forecast
EPS estimate Q1, FY2026:42.12%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹5,154.1₹5,269.2552 Week's Low
52 Week's High
₹2,500.25₹5,839.95
| Returns % | |
| 1 Month Return | + 21.24 % |
| 3 Month Return | -0.52 % |
| 1 Year Return | + 87.61 % |
| Market Stats | |
| Previous Close | ₹5,230.35 |
| Open | ₹5,234.95 |
| Volume | 1.04L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹62,322.92Cr |
Key Statistics
| P/E Ratio | 83.89 |
| PEG Ratio | 3.75 |
| Market Cap | ₹62,322.92 Cr |
| P/B Ratio | 14.13 |
| EPS | 57.12 |
| Dividend Yield | 0.29 |
| Sector | Capital Goods-Non Electrical Equipment |
| ROE | 12.95 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹62,322.92 Cr | 83.97% | 0.55 | ₹643 Cr | ₹9,323 Cr | |
| HOLD | ₹40,802.52 Cr | 32.45% | 0.53 | ₹1,136 Cr | ₹4,853 Cr | |
| HOLD | ₹1,06,609.73 Cr | 115.96% | 0.52 | ₹1,720 Cr | ₹9,000 Cr | |
| ₹92,222.45 Cr | 88.88% | 0.71 | ₹282 Cr | ₹23,892 Cr | ||
| HOLD | ₹1,66,849.24 Cr | 112.4% | 0.51 | NA | NA |
Company Information
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: ₹5220.55 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹62,322.92Cr as of today
Revenue: ₹2,184.41Cr as on June 2024 (Q2 24)
Net Profit: ₹109.42Cr as on June 2024 (Q2 24)
Listing date: 14 Jun, 1995
Chairperson Name: Meher P Pudumjee
| Organisation | Thermax Ltd |
| Headquarters | Pune |
| Industry | Capital Goods-Non Electrical Equipment |
| E-voting on shares | Click here to vote |
Key events for Thermax Ltd
Thermax Launches India's First CO2-to-Methanol Pilot Plant - 17 Sep, 2024
Thermax Limited has laid the foundation for India's first CO2-to-methanol pilot plant in Pune, in collaboration with IIT Delhi. The ₹31 crore project aims to advance carbon capture and utilization technologies.
Thermax Secures Major Order, Shares Surge - 16 Sep, 2024
Thermax's subsidiary TBWES has secured a repeat order worth Rs 516 crore for a 600 MW energy project in Botswana, leading to a significant rise in share prices. The stock jumped nearly 6% after the announcement, reflecting strong market confidence in the company's capabilities and future prospects.
Thermax Secures ₹516 Crore Energy Project Order - 14 Sep, 2024
Thermax Babcock & Wilcox Energy Solutions has received a repeat order valued at ₹516 crore for a 600 MW energy project in Botswana, enhancing its role as the sole partner for the project.
Thermax Partners with Ceres, Targets Electrolyser Market - 13 Sep, 2024
Thermax Ltd has partnered with Ceres Power to produce electrolysis cells for green hydrogen, targeting a significant market share in India's electrolyser sector. The stock rose 5% following the announcement.
Thermax Partners with Ceres Power for Green Hydrogen - 12 Sep, 2024
Thermax has entered a strategic collaboration with Ceres Power for green hydrogen production, enhancing efficiency in industrial applications. The company reported significant profit growth in Q1 FY25, boosting investor confidence.
Thermax's Past Attempt in Geothermal Energy - 11 Sep, 2024
Thermax Ltd previously attempted to enter the geothermal energy sector by partnering with Reykjavík Geothermal to establish a 3-MW pilot plant in Ladakh, which ultimately did not materialize.
Analysts Advise Reduce Call on Thermax Stock - 04 Sep, 2024
Analysts suggest reducing calls on Thermax due to tapering growth and high valuations, despite strong underlying demand. A SELL rating is maintained with a target price of Rs 3,968.
Nalanda Capital Divests Stake in Thermax Ltd - 02 Sep, 2024
Nalanda Capital has divested a 1.2% stake in Thermax Ltd for ₹765 crore through open market transactions, selling 15 lakh shares at ₹5,100.26 each. This move reflects the fund's strategy to capitalize on high valuations.
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 IMPACTBest in 3 Years
In the last 3 years, THERMAX has outperformed top 5 stocks with highest market-cap in Industrial Machinery & Equipment
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 12.24% to 15.15% in Jun 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 4.48% to 4.50% in Jun 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 7 days, THERMAX stock has moved up by 17.0%
- 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
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 61.98% of holdings in Jun 2024 quarter
NEGATIVE IMPACTRevenue Fall
Revenue is down for the last 2 quarters, 2.81K Cr → 2.26K Cr (in ₹), with an average decrease of 19.5% per quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 13.56% to 12.06% in Jun 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 3 quarters, 238.34 Cr → 115.81 Cr (in ₹), with an average decrease of 29.7% per quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 61.98% | 0.00 | |
| Foreign Institutions | 15.14% | 23.78 | |
| Mutual Funds | 12.06% | ||
| Retail Investors | 4.5% | 0.65 | |
| Others | 6.31% |
Key Indicators
Thermax Ltd Valuation
Thermax Ltd in the last 5 years
Lowest (25.41x)
March 23, 2020
Industry (69.71x)
September 17, 2024
Today (83.89x)
September 17, 2024
Highest (116.86x)
March 10, 2021
Earnings and Dividends
Thermax Ltd Earnings Results
Thermax Ltd’s net profit jumped 96.69% since last year same period to ₹115.81Cr in the Q1 2024-2025. On a quarterly growth basis, Thermax Ltd has generated -39.15% fall 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 0.42%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Thermax Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Thermax Ltd (THERMAX) share price today is ₹5220.55
Thermax Ltd is listed on NSE
Thermax Ltd is listed on BSE
- Today’s highest price of Thermax Ltd is ₹5269.25.
- Today’s lowest price of Thermax Ltd is ₹5154.1.
PE Ratio of Thermax Ltd is 83.89
PE ratio = Thermax Ltd Market price per share / Thermax Ltd Earnings per share
Today’s traded volume of Thermax Ltd(THERMAX) is 1.04L.
Today’s market capitalisation of Thermax Ltd(THERMAX) is ₹62322.92Cr.
| Thermax Ltd(THERMAX | Price |
|---|---|
52 Week High | ₹5839.95 |
52 Week Low | ₹2500.25 |
Thermax Ltd(THERMAX) share price is ₹5220.55. It is down -10.61% from its 52 Week High price of ₹5839.95
Thermax Ltd(THERMAX) share price is ₹5220.55. It is up 108.80% from its 52 Week Low price of ₹2500.25
| Thermax Ltd(THERMAX | Returns |
|---|---|
1 Day Returns | -9.8% |
1 Month Returns | 21.24% |
3 Month Returns | -0.52% |
1 Year Returns | 87.61% |