NSEIndustrials

Thermax Limited (THERMAX)

NSE · Industrials · Conglomerates

₹4,122.20-4.27%
Last close · 2026-08-04

Latest quarter · ended 2026-03-31

Revenue
₹3,428 cr
Revenue YoY
+16.1%
Net profit
₹244 cr
Profit YoY
+18.7%
EPS
₹21.84
EPS estimate
₹16.51
Net margin
7.1%

EPS came in at 21.84 against a street estimate of 16.51 — a beat of 32.3%.

Key statistics

Market cap
₹48,439 cr
P/E
81.9
Forward P/E
39.4
P/B
8.74
Book value
₹492.56
EPS (TTM)
₹52.53
52-week high
₹5,277.80
52-week low
₹2,731.92
50-day MA
₹4,704.09
200-day MA
₹3,642.56
Beta
0.30

Analyst view

with an average price target of ₹4,294.09.

From the latest earnings call · 2026-07-31

MIXED Q1 FY27 severely impacted by INR 91cr PSU project cost overrun, INR 300cr inventory shipping delays, INR 20cr FEPL loss. Management claims legacy issues ending; backlog strong; expects revenue >INR 3000cr quarterly in FY27. Q1 FY27 Africa and Middle East offset by domestic PSU headwinds; U.S. data center emerging as key growth vector. Analysts pressed on legacy project visibility lag (management knew 12 months ago), profit warning best practice, and talent/selection errors. Management acknowledged credibility gap; cited board-level surprise and auditor delays; committed to earlier disclosure going forward without firm commitment. 2026-07-31…

Full summary in the app.

Shareholding

Promoters
73.67%
Institutions
21.13%

See the full picture

Technicals, trade setups with a published hit rate, $AI analysis and earnings-call summaries for Thermax Limited — free to start.

Google PlayApp Store

Other Industrials companies

Data updated 2026-08-05.