Thermax Ltd (THERMAX)

Thermax Ltd (THERMAX) is listed on the NSE in the Heavy Electrical Equipment sector, Electrical Equipment industry. Market capitalisation: 50649.77 Cr. Figures below are as reported and are shown with their source and date.

Educational use only — GoQuant is a research tool. This page lists company facts only and is not a recommendation. Investment advice is provided by FINOME TECHNOLOGIES PVT LTD (AltQube), SEBI-registered Investment Adviser, registration no. INA000018373, under a signed advisory agreement and after a risk profile. Past performance is not indicative of future results.

Company profile

Sector
Heavy Electrical Equipment
Industry
Electrical Equipment
Market cap (₹ Cr)
50,649.77

Thermax Ltd. engages in the provision of engineering solutions to the energy and environment sectors. The company is headquartered in Pune, Maharashtra and currently employs 3,497 full-time employees. is an India-based company. The firm offers integrated solutions in heating, cooling, power generation, water treatment and recycling, air pollution control, and chemicals. The company operates in four segments: Industrial Products, Industrial Infra, Green Solutions, and Chemical. The Industrial Products segment supplies packaged boilers and fired heaters, besides turnkey solutions for process heating, through a range of heating media, such as steam, thermic fluid, hot water, and hot air. The Industrial Infra segment covers its Projects and Energy Solutions and Thermax Babcock & Wilcox Energy Solutions businesses. The Green Solutions segment includes Thermax Onsite Energy Solutions Limited, which provides green utilities, such as steam, heat, treated water, chilled water, and cogeneration power, along with other utilities. The Chemical segment manufactures and markets a range of specialty chemicals to help improve processes and water use across various industries.

Source: finedge · as of 2026-09-29

Price, last year

Last close (₹): 3,161.3

Source: quantro_screener_metrics_job · as of 2026-10-22

Key figures

P/E
52.28
52-week high
5,277.8
52-week low
2,742.7
Revenue CAGR, 3 years (%)
9.75
Revenue CAGR, 5 years (%)
17.42
EPS CAGR, 3 years (%)
16.96
EPS CAGR, 5 years (%)
28.38

Source: quantro_screener_metrics_job · as of 2026-10-23

Annual summary

Year endedRevenue (₹ Cr)PAT (₹ Cr)EPS (₹)
Mar 202610,694.15720.560.47
Mar 202510,388.69634.4753.25
Mar 20249,323.46645.2854.15
Mar 20238,089.81450.2937.79
Mar 20226,128.33312.3126.21

Source: finedge · as of 2026-07-21

Shareholding and promoter pledge

Promoter
61.98%
FII
11.24%
DII
15.49%
Public
5.82%
Promoter shares pledged
0%

Source: finedge · as of 2026-03-31

Similar companies

Source: quantro_company_profiles · as of 2026-10-23

Frequently asked questions

What does Thermax Ltd do?
Thermax Ltd. engages in the provision of engineering solutions to the energy and environment sectors. The company is headquartered in Pune, Maharashtra and currently employs 3,497 full-time employees. is an India-based company. The firm offers integrated solutions in heating, cooling, power generation, water treatment and recycling, air pollution control, and chemicals. The company operates in four segments: Industrial Products, Industrial Infra, Green Solutions, and Chemical. The Industrial Products segment supplies packaged boilers and fired heaters, besides turnkey solutions for process heating, through a range of heating media, such as steam, thermic fluid, hot water, and hot air. The Industrial Infra segment covers its Projects and Energy Solutions and Thermax Babcock & Wilcox Energy Solutions businesses. The Green Solutions segment includes Thermax Onsite Energy Solutions Limited, which provides green utilities, such as steam, heat, treated water, chilled water, and cogeneration power, along with other utilities. The Chemical segment manufactures and markets a range of specialty chemicals to help improve processes and water use across various industries.
Which sector is Thermax Ltd in?
Thermax Ltd is in the Heavy Electrical Equipment sector, Electrical Equipment industry.
What are Thermax Ltd's latest annual revenue and profit?
For the year ended Mar 2026: revenue 10694.15 Cr, profit after tax 720.50 Cr.
What is the promoter holding and pledge in Thermax Ltd?
Promoter holding is 61.98%; pledged shares are 0.00% of the promoter holding.
Which companies are similar to Thermax Ltd?
Companies in the same sector of similar size: Suzlon Energy Ltd, Schneider Electric Infrastructure Ltd, Triveni Turbine Ltd, Inox Wind Ltd, Elecon Engineering Company Ltd, Transformers & Rectifiers (India) Ltd.
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Figures computed 2026-10-23.