Thermax

BSE: 500411 | NSE: THERMAX
Thermax (CIN: L29299PN1980PLC022787) operates in the Heavy Electrical Equipment industry and has been listed in the stock market since 02 May 1995. It currents trades on NSE with symbol THERMAX and on BSE with scrip code 500411.
The registered office of the company is D-13, MIDC, Industrial Area, R D Aga Road Chinchwad, Pune, Maharashtra - 411019.

The management team of Thermax is led by MEHER PUDUMJEE who is the Non-Executive - Non Independent Director-Chairperson related to Promoter. Other members of the management team consist of PHEROZ N PUDUMJEE (Designation:Non-Executive - Non Independent Director), HARSH CHARANDAS MARIWALA (Designation:Non-Executive - Independent Director), RAJANI KESARI (Designation:Non-Executive - Independent Director), RAVI SHANKAR GOPINATH (Designation:Non-Executive - Independent Director), SHYAMAK RAMYAR TATA (Designation:Non-Executive - Independent Director), PARAG C SHAH (Designation:Non-Executive - Independent Director), ASHISH BHANDARI (Designation:Executive Director-CEO-MD), Rajendran Arunachalam (Designation:Group Chief Financial Officer), Sangeet Hunjan (Designation:Company Secretary & Compliance Officer), .

The price and other financial information of Thermax is as below -

BSE 4823.05 70.05 (1.47%)

BSE

4823.05 70.05 (1.47%)
Volume: 8,144.00
M. Cap: 57,466.64
P/E: 79.79
Prev. Close: 4,736.70
Day
52 Wk

NSE 4917 -181.8 (-3.57%)

NSE

4917 -181.8 (-3.57%)
Volume: 2,52,190.00
M. Cap: 57,535.15
P/E: 79.79
Prev. Close: 4,757.40
Day
52 Wk

Stock Price Chart

F&O Data

Shareholding Pattern

Category No. of shares Percent(%)
Promoters 7,38,55,305 61.98
Pledge 0 0.00
Foreign Institutions 1,33,96,560 11.25
Financial Institutions 1,84,55,946 15.49
NBFC and Mutual Funds 1,63,78,897 13.75
Others 1,34,48,489 11.28
Total 13,55,35,197 113.75

Financial Data

Consolidated
Figures in crore 2025 2024 2023
Net Sales 10,388.69 9,323.46 8,089.81
Operating Profit 1,159.76 1,104.63 757.51
Other Income 252.22 358.69 160.18
Interest 116.78 87.59 37.59
Depreciation 158.51 148.08 116.86
Profit Before Tax 884.47 868.96 603.06
Tax 257.77 225.77 152.36
Profit After Tax 626.70 643.19 450.70
Share Capital 22.53 22.52 22.52
Reserves 4,914.36 4,417.28 3,845.55
Net Worth 4,936.89 4,439.80 3,868.07
Loans 1,967.59 1,447.12 949.56
Gross Block 4,268.47 3,228.38 2,469.47
Investments 1,698.64 1,765.09 1,626.08
Cash 1,154.54 975.32 1,131.58
Debtors 2,417.50 2,116.43 1,762.06
Net Working Capital 1,843.06 1,690.92 1,511.76
Operating Profit Margin (%) 11.16 11.85 9.36
Net Profit Margin (%) 6.03 6.90 5.57
EPS 56.32 57.31 39.99
Dividend (%) 700.00 600.00 500.00
Dividend Payout 135.20 112.67 102.04
Standalone
Figures in crore 2025 2024 2023
Net Sales 6,254.07 5,821.93 5,141.16
Operating Profit 822.93 676.64 524.22
Other Income 296.26 319.61 146.54
Interest 31.40 23.84 19.58
Depreciation 78.39 72.74 73.15
Profit Before Tax 713.14 580.06 431.49
Tax 141.00 142.62 102.23
Profit After Tax 572.14 437.44 329.26
Share Capital 23.83 23.83 23.83
Reserves 3,943.93 3,512.87 3,193.93
Net Worth 3,967.76 3,536.70 3,217.76
Loans 169.14 383.66 282.70
Gross Block 1,713.81 1,423.94 1,339.69
Investments 2,705.49 2,393.25 2,269.89
Cash 120.30 346.76 408.48
Debtors 1,651.55 1,501.64 1,210.22
Net Working Capital 371.93 665.99 471.86
Operating Profit Margin (%) 13.16 11.62 10.20
Net Profit Margin (%) 9.15 7.51 6.40
Earning Per Share (Rs) 48.02 36.71 27.63
Dividend (%) 700.00 600.00 500.00
Dividend Payout 142.99 119.16 107.24
Dividend Declared (₹)
The company has declared dividend 5 times between 21 Jul 2023 and 03 Jul 2026, totaling Rs. 56.00 so far. The most recent dividend was declared on 03 Jul 2026 for Rs. 14.

Financial Data Graph

The peers of Thermax are BHEL, ENRIN and TRANSRAILL. You can get more detailed information on those company by clicking on the respective names.

* The above data is collected from public sources and we do not guarantee the accuracy of the same.*

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