Thermax Limited share price

Key numbers

Market cap

₹ 38,832 Cr

Current price

₹ 3,447.20

52-week high / low

₹ 5,278 / 2,743

Stock P/E

66.6

Book value

₹ 492.6

Dividend yield

0.41%

ROCE

15.7%

ROE

13.7%

Debt to equity

0.43

Sales growth (3 yrs)

9.8%

Profit growth (3 yrs)

17.0%

1-year return

2.6%

About Thermax Limited

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…

Quarterly results

Consolidated figures in ₹ crores

Investor presentation summary (2026-07-31)

AI summary of the presentation · tone: Positive · source document

Key numbers

• The lower profit for the quarter was predominantly due to the one project cost overrun of Rs. 91 crore recognised in the
• order book increased by Rs. 139. This adjustment does not impact underlying contracts, revenue recognition, or financial results.

Guidance & outlook

• With reference to our earlier submission of the Investor Presentation for Q1 FY 2026-27, and in terms
• statements containing words such as “expects”, “believes”, “estimates”, “targets”, “plans”, “outlook” or similar expressions.

Growth & demand

• Market acceptance of new products and services
• helped offset volume softness

Margins & costs

• an average 14% price realisation,
• Performance in the Industrial Products Segment was impacted by higher input costs and reduced export sales.

Capex & expansion

• A first-of-its-kind multi-utility plant
• Multi-utility plant for a

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