What is the Thermax PE ratio today?
Thermax's PE ratio is 60.6 at the previous close (₹3,193.10 a share): a market capitalisation of ₹35,970 crore divided by consolidated net profit attributable to shareholders of ₹593 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹721 crore) it is 49.9.
What is the Thermax PB ratio (price to book value)?
Thermax's price-to-book (PB) ratio is 6.48 at the previous close: a market capitalisation of ₹35,970 crore divided by shareholders' equity (book value) of ₹5,550 crore on 31 March 2026. That is a book value of ₹492.67 per share against a share price of ₹3,193.10.
What is the Thermax net worth?
Thermax's net worth — shareholders' equity in its consolidated balance sheet — was ₹5,550 crore on 31 March 2026, up 12.4% from ₹4,937 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹35,970 crore at the previous close.
What is the Thermax market cap?
Thermax's market capitalisation was ₹35,970 crore at the previous close: 11.27 crore shares at ₹3,193.10 each.
What is the Thermax EPS?
Thermax's basic earnings per share (EPS) were ₹63.95 in FY26, against ₹56.33 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹52.66.
What is the Thermax dividend in 2026 and its record date?
In 2026, Thermax has declared one dividend: ₹20 (special) with record date 3 July 2026.
Is Thermax debt free?
No. Thermax had borrowings of ₹2,288 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.41. Its cash and current investments were ₹2,467 crore, so it held net cash of ₹179 crore.
What is the Thermax debt to equity ratio?
Thermax's debt-to-equity ratio was 0.41 on 31 March 2026: borrowings of ₹2,288 crore against total equity of ₹5,579 crore. A year earlier, on 31 March 2025, it was 0.34.
What is the Thermax dividend yield?
Thermax's dividend yield is 0.63% at the previous close: dividends of ₹20 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹3,193.10. They were ₹20 on 3 July 2026 (special).
What is the Thermax ROE and ROCE?
In FY26, Thermax's return on equity (ROE) was 13.7% and its return on capital employed (ROCE) was 11.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.5% and ROCE 12.7%.
What is the Thermax shareholding pattern?
On 30 September 2026, Thermax's shares were held by promoters 61.98%, foreign portfolio investors (FII/FPI) 11.31%, domestic institutions (DII) 14.94% (including mutual funds at 12.33%) and retail and other non-institutional investors 6.32%. Over the year, FII holding was down 2.13 percentage points from 13.44% and DII holding was up 0.99 percentage points from 13.95%.
What is the Thermax revenue and profit in FY26?
In FY26 (April 2025–March 2026), Thermax's consolidated net profit attributable to shareholders was ₹721 crore, up 13.6% from ₹634 crore in FY25, on revenue from operations of ₹10,694 crore (up 2.9%). Over three years, from FY23, net profit was up 60.0%.
What is the Thermax book value per share?
Thermax's book value per share was ₹492.67 on 31 March 2026: shareholders' equity of ₹5,550 crore divided by the 11.27 crore shares in issue, up 12.4% from ₹438.25 a year earlier. The share price at the previous close was ₹3,193.10.
What are the Thermax latest quarterly results?
Thermax's latest results are for Q1 FY27 (April–June 2026), filed on 30 July 2026: consolidated net profit attributable to shareholders ₹25.2 crore, down 83.4% from ₹152 crore in Q1 FY26; revenue from operations ₹2,303 crore, up 7.1% year on year.
Thermax vs BHEL: how do they compare?
In FY26, Thermax earned net profit attributable to shareholders of ₹721 crore on revenue of ₹10,694 crore, against ₹1,600 crore on ₹33,782 crore for BHEL. Thermax's operating margin was 7.7% (BHEL 6.0%) and its return on equity 13.7% (BHEL 6.3%).
What is the Thermax promoter holding?
Promoters held 61.98% of Thermax on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
What is the Thermax free cash flow?
In FY26, Thermax generated ₹542 crore of cash from operations and spent ₹952 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹411 crore. In FY25 it was ₹140 crore.
When are the Thermax next results?
Thermax will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
How does Thermax compare with its peers?
On FY26 consolidated figures, against BHEL, Triveni Turbine and AIA Engineering: Thermax's operating margin of 7.7% is the third highest of the four (BHEL 6.0%, Triveni Turbine 19.1%, AIA Engineering 25.9%; peer average 17.0%); its return on equity of 13.7% is the third highest of the four (BHEL 6.3%, Triveni Turbine 26.3%, AIA Engineering 17.0%; peer average 16.5%); its revenue growth over three years of 9.8% a year is the third highest of the four (BHEL 13.1% a year, Triveni Turbine 20.5% a year, AIA Engineering −3.4% a year; peer average 10.0% a year).
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.
