Is a complete NSE/THERMAX research report available?

No complete published report is available for nse/THERMAX (NSE/THERMAX) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

NSE/THERMAX (NSE/THERMAX)

National Stock Exchange of India: NSE/THERMAX · INR

₹3,180

+26.80 (+0.8%)· Recorded snapshot

Market cap	358.3B
Revenue (ttm)	108.4B
Net income (ttm)	5.9B
EPS (ttm)	₹52.7
Shares out	112.6M
P/E (trailing)	60.4x
P/E (forward)	46.9x
Dividend	₹14.0 (0.44%)
Volume	69,022
Beta	0.30

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	INR
Country	India
Country code	IN
Earnings date	2026-11-05
Employees	3,962
Employees change	258
Employees growth	6.97%
Enterprise value	INR 357.4B
Exchange	National Stock Exchange of India
Financial currency	INR
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	March
Founded	1966
Industry	Conglomerates
Is primary listing	Yes
ISIN number	INE152A01029
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	2006-03-31
Last stock split type	Forward
Market cap	INR 358.3B
Next earnings date	2026-11-05
Price	INR 3,180.00
Price currency	INR
Sector	Industrials
SIC code	3433
Stock price date	2026-10-28
Symbol	nse/THERMAX
Website	https://www.thermaxglobal.com

Metric

Value

Amount currency

INR

Country

India

Country code

Earnings date

2026-11-05

Employees

3,962

Employees change

258

Employees growth

6.97%

Enterprise value

INR 357.4B

Exchange

National Stock Exchange of India

Financial currency

INR

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

March

Founded

1966

Industry

Conglomerates

Is primary listing

Yes

ISIN number

INE152A01029

Last earnings date

2026-07-30

Last refreshed

2026-10-28

Last stock split date

2006-03-31

Last stock split type

Forward

Market cap

INR 358.3B

Next earnings date

2026-11-05

Price

INR 3,180.00

Price currency

INR

Sector

Industrials

SIC code

3433

Stock price date

2026-10-28

Symbol

nse/THERMAX

Website

https://www.thermaxglobal.com

Metric	Value
Adjusted P/E ratio	56.26x
Average P/E ratio (10Y)	57.8x
Average P/E ratio (3Y)	68.18x
Average P/E ratio (5Y)	65.55x
Earnings yield	1.66%
EV/Earnings	60.24x
EV/EBIT	54.88x
EV/EBITDA	40.83x
EV/Sales	3.3x
FCF / EV yield	-1.15%
FCF yield	-1.15%
Forward P/E	46.88x
Graham number	763.87858
Graham upside	-75.98%
Industry P/E	23.35x
Lynch fair value	INR 924.56
Lynch upside	-70.93%
P/(OCF - SBC) ratio	66.76x
P/B ratio	6.42x
P/E ratio	60.4x
P/OCF ratio	66.16x
P/S ratio	3.31x
PEG ratio	2.21x
Price / tangible book value	6.73x
Price/EBITDA ratio	40.92x
Sector forward P/E	31.76x
Sector P/E	36.46x

Metric

Value

Adjusted P/E ratio

56.26x

Average P/E ratio (10Y)

57.8x

Average P/E ratio (3Y)

68.18x

Average P/E ratio (5Y)

65.55x

Earnings yield

1.66%

EV/Earnings

60.24x

EV/EBIT

54.88x

EV/EBITDA

40.83x

EV/Sales

3.3x

FCF / EV yield

-1.15%

FCF yield

-1.15%

Forward P/E

46.88x

Graham number

763.87858

Graham upside

-75.98%

Industry P/E

23.35x

Lynch fair value

INR 924.56

Lynch upside

-70.93%

P/(OCF - SBC) ratio

66.76x

P/B ratio

6.42x

P/E ratio

60.4x

P/OCF ratio

66.16x

P/S ratio

3.31x

PEG ratio

2.21x

Price / tangible book value

6.73x

Price/EBITDA ratio

40.92x

Sector forward P/E

31.76x

Sector P/E

36.46x

Metric	Value
EBIT margin	6.01%
EBITDA margin	8.08%
Effective tax rate	29.57%
Gross margin	34.09%
Operating margin	6.01%
Pretax margin	7.74%
Profit margin	5.47%
Profit per employee	INR 1.5M
Profitable quarters	24
Profitable years	22
Revenue per employee	INR 27.4M
ROA	4.21%
ROA (5Y)	3.89%
ROCE	11.14%
ROE	13.69%
ROE (5Y)	12.81%
ROIC	8.39%
ROIC (5Y)	14.9%
SBC / revenue	0.05%
Tax / revenue	2.29%

Metric

Value

EBIT margin

6.01%

EBITDA margin

8.08%

Effective tax rate

29.57%

Gross margin

34.09%

Operating margin

6.01%

Pretax margin

7.74%

Profit margin

5.47%

Profit per employee

INR 1.5M

Profitable quarters

Profitable years

Revenue per employee

INR 27.4M

ROA

4.21%

ROA (5Y)

3.89%

ROCE

11.14%

ROE

13.69%

ROE (5Y)

12.81%

ROIC

8.39%

ROIC (5Y)

14.9%

SBC / revenue

0.05%

Tax / revenue

2.29%

Metric	Value
EPS growth	-11.58%
EPS growth (Q)	-83.43%
EPS growth (QoQ)	-89.67%
EPS growth 10Y	8.81%
EPS growth 3Y	9.68%
EPS growth 5Y	17.55%
EPS growth years	1
Gross profit growth	-21.54%
Gross profit growth (Q)	-29.51%
Gross profit growth 3Y	0.53%
Gross profit growth 5Y	8.64%
Net income growth	-11.58%
Net income growth (Q)	-83.44%
Net income growth (QoQ)	-89.67%
Net income growth 3Y	9.55%
Net income growth 5Y	17.56%
Net income growth years	1
OCF growth	-49.85%
OCF growth 10Y	7.93%
OCF growth 3Y	5.62%
OCF growth 5Y	-6.78%
Operating income growth	-20.99%
Operating income growth (Q)	-94.84%
Operating income growth 3Y	6%
Operating income growth 5Y	15.53%
Revenue growth	4.68%
Revenue growth (Q)	7.1%
Revenue growth (QoQ)	-32.83%
Revenue growth 10Y	7.47%
Revenue growth 3Y	9.01%
Revenue growth 5Y	15.92%
Revenue growth quarters	3
Revenue growth years	5

Metric

Value

EPS growth

-11.58%

EPS growth (Q)

-83.43%

EPS growth (QoQ)

-89.67%

EPS growth 10Y

8.81%

EPS growth 3Y

9.68%

EPS growth 5Y

17.55%

EPS growth years

Gross profit growth

-21.54%

Gross profit growth (Q)

-29.51%

Gross profit growth 3Y

0.53%

Gross profit growth 5Y

8.64%

Net income growth

-11.58%

Net income growth (Q)

-83.44%

Net income growth (QoQ)

-89.67%

Net income growth 3Y

9.55%

Net income growth 5Y

17.56%

Net income growth years

OCF growth

-49.85%

OCF growth 10Y

7.93%

OCF growth 3Y

5.62%

OCF growth 5Y

-6.78%

Operating income growth

-20.99%

Operating income growth (Q)

-94.84%

Operating income growth 3Y

Operating income growth 5Y

15.53%

Revenue growth

4.68%

Revenue growth (Q)

7.1%

Revenue growth (QoQ)

-32.83%

Revenue growth 10Y

7.47%

Revenue growth 3Y

9.01%

Revenue growth 5Y

15.92%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	INR -9.5B
Depreciation and amortization	INR 2.2B
EBIT	INR 6.5B
EBITDA	INR 8.8B
EPS	INR 52.65
FCF per share	INR -36.47
Financing cash flow	INR 2.5B
Free cash flow	INR -4.1B
Free cash flow minus SBC	INR -4.2B
Gross profit	INR 36.9B
Income taxes	INR 2.5B
Investing cash flow	INR -5.9B
Net borrowing	INR 5.3B
Net cash flow	INR 2.2B
Net income	INR 5.9B
Operating cash flow minus SBC	INR 5.4B
Operating income	INR 6.5B
Revenue	INR 108.4B
Stock-based compensation	INR 48.9M

Metric

Value

Capital expenditures

INR -9.5B

Depreciation and amortization

INR 2.2B

EBIT

INR 6.5B

EBITDA

INR 8.8B

EPS

INR 52.65

FCF per share

INR -36.47

Financing cash flow

INR 2.5B

Free cash flow

INR -4.1B

Free cash flow minus SBC

INR -4.2B

Gross profit

INR 36.9B

Income taxes

INR 2.5B

Investing cash flow

INR -5.9B

Net borrowing

INR 5.3B

Net cash flow

INR 2.2B

Net income

INR 5.9B

Operating cash flow minus SBC

INR 5.4B

Operating income

INR 6.5B

Revenue

INR 108.4B

Stock-based compensation

INR 48.9M

Metric	Value
Book value per share	INR 492.56
Debt / EBITDA	2.69
Debt / equity	0.42
Interest coverage	4.53
Net cash (debt)	INR 1.1B
Net cash / market cap	0.32%
Net cash growth	-88.54%
Net debt / EBITDA	-0.13
Net debt / equity	-0.02
Piotroski F-Score	3
Shareholders' equity	INR 55.8B
Tangible book value	INR 53.2B
Tangible book value per share	INR 472.18
Total cash	INR 24.7B
Total debt	INR 23.5B
WACC	5.81%

Metric

Value

Book value per share

INR 492.56

Debt / EBITDA

2.69

Debt / equity

0.42

Interest coverage

4.53

Net cash (debt)

INR 1.1B

Net cash / market cap

0.32%

Net cash growth

-88.54%

Net debt / EBITDA

-0.13

Net debt / equity

-0.02

Piotroski F-Score

Shareholders' equity

INR 55.8B

Tangible book value

INR 53.2B

Tangible book value per share

INR 472.18

Total cash

INR 24.7B

Total debt

INR 23.5B

WACC

5.81%

Metric	Value
Asset turnover	0.87
Current ratio	1.22
Inventory turnover	8.71
Quick ratio	0.96
Working capital	INR 12.9B

Metric

Value

Asset turnover

0.87

Current ratio

1.22

Inventory turnover

8.71

Quick ratio

0.96

Working capital

INR 12.9B

Metric	Value
Buyback yield / dilution	-0.01%
Dividend growth	42.86%
Dividend growth (10Y)	12.79%
Dividend growth (3Y)	25.99%
Dividend growth (5Y)	23.36%
Dividend growth years	4
Dividend payment date	2026-08-29
Dividend payment years	26
Dividend payout frequency	Annual
Dividend per share	INR 14.00
Dividend yield	0.44%
Ex-dividend date	2026-07-03
Last dividend	INR 20.00
Payout ratio	37.99%
Shareholder yield	0.43%

Metric

Value

Buyback yield / dilution

-0.01%

Dividend growth

42.86%

Dividend growth (10Y)

12.79%

Dividend growth (3Y)

25.99%

Dividend growth (5Y)

23.36%

Dividend growth years

Dividend payment date

2026-08-29

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

INR 14.00

Dividend yield

0.44%

Ex-dividend date

2026-07-03

Last dividend

INR 20.00

Payout ratio

37.99%

Shareholder yield

0.43%

Metric	Value
10Y price change	275.75%
10Y return CAGR	14.76%
10Y total return	295.98%
150-day SMA	INR 4,055.99
15Y price change	617.19%
15Y return CAGR	14.78%
15Y total return	690.93%
1D price change	0.85%
1M price change	-7.75%
1M total return	-7.75%
1W price change	-1.7%
1W total return	-1.7%
1Y price change	-4.05%
1Y return CAGR	-3.66%
1Y total return	-3.66%
20-day SMA	INR 3,240.05
200-day SMA	INR 3,796.67
20Y price change	904.58%
20Y return CAGR	13.17%
20Y total return	1,087.07%
3M price change	-28.61%
3M total return	-28.61%
3Y price change	14.64%
3Y return CAGR	5.02%
3Y total return	15.84%
50-day SMA	INR 3,540.75
50-day SMA vs 200-day SMA	50under200
52-week high	INR 5,277.80
52-week high date	2026-06-29
52-week low	INR 2,742.70
52-week low date	2025-12-08
5Y price change	137.96%
5Y return CAGR	19.38%
5Y total return	142.47%
6M price change	-23.49%
6M total return	-23.18%
All-time high	INR 5,839.95
All-time high date	2024-07-08
All-time low	INR 7.65
All-time low date	2001-09-21
Average true range (ATR)	INR 109.20
Average volume	185.2K
Beta (1Y)	0.73
Beta (2Y)	0.74
Beta (5Y)	0.3
Change from 52-week high	-39.75%
Change from 52-week low	15.94%
Change from all-time high	-45.55%
Change from all-time low	41,468.63%
Change from open	1.69%
Day's gap	-0.83%
Dollar volume	INR 219.5M
High price	INR 3,206.00
Low price	INR 3,125.00
Monthly RSI	45.16
Open price	INR 3,127.00
Position in 52-week range	67.9%
Previous close	INR 3,153.30
Price vs 150-day SMA	-21.6%
Price vs 20-day SMA	-1.85%
Price vs 200-day SMA	-16.24%
Price vs 50-day SMA	-10.19%
Relative volume	0.37
RSI	39.52
Sharpe ratio	0.08
Sharpe ratio (3Y)	0.17
Sharpe ratio (5Y)	0.54
Sortino ratio	0.3
Sortino ratio (3Y)	0.41
Sortino ratio (5Y)	0.99
Volume	69K
Weekly RSI	34.7
YTD price change	5.21%
YTD total return	5.64%

Metric

Value

10Y price change

275.75%

10Y return CAGR

14.76%

10Y total return

295.98%

150-day SMA

INR 4,055.99

15Y price change

617.19%

15Y return CAGR

14.78%

15Y total return

690.93%

1D price change

0.85%

1M price change

-7.75%

1M total return

-7.75%

1W price change

-1.7%

1W total return

-1.7%

1Y price change

-4.05%

1Y return CAGR

-3.66%

1Y total return

-3.66%

20-day SMA

INR 3,240.05

200-day SMA

INR 3,796.67

20Y price change

904.58%

20Y return CAGR

13.17%

20Y total return

1,087.07%

3M price change

-28.61%

3M total return

-28.61%

3Y price change

14.64%

3Y return CAGR

5.02%

3Y total return

15.84%

50-day SMA

INR 3,540.75

50-day SMA vs 200-day SMA

50under200

52-week high

INR 5,277.80

52-week high date

2026-06-29

52-week low

INR 2,742.70

52-week low date

2025-12-08

5Y price change

137.96%

5Y return CAGR

19.38%

5Y total return

142.47%

6M price change

-23.49%

6M total return

-23.18%

All-time high

INR 5,839.95

All-time high date

2024-07-08

All-time low

INR 7.65

All-time low date

2001-09-21

Average true range (ATR)

INR 109.20

Average volume

185.2K

Beta (1Y)

0.73

Beta (2Y)

0.74

Beta (5Y)

0.3

Change from 52-week high

-39.75%

Change from 52-week low

15.94%

Change from all-time high

-45.55%

Change from all-time low

41,468.63%

Change from open

1.69%

Day's gap

-0.83%

Dollar volume

INR 219.5M

High price

INR 3,206.00

Low price

INR 3,125.00

Monthly RSI

45.16

Open price

INR 3,127.00

Position in 52-week range

67.9%

Previous close

INR 3,153.30

Price vs 150-day SMA

-21.6%

Price vs 20-day SMA

-1.85%

Price vs 200-day SMA

-16.24%

Price vs 50-day SMA

-10.19%

Relative volume

0.37

RSI

39.52

Sharpe ratio

0.08

Sharpe ratio (3Y)

0.17

Sharpe ratio (5Y)

0.54

Sortino ratio

0.3

Sortino ratio (3Y)

0.41

Sortino ratio (5Y)

0.99

Volume

69K

Weekly RSI

34.7

YTD price change

5.21%

YTD total return

5.64%

Metric	Value
Float	32.5M
Shares change (QoQ)	0%
Shares change (YoY)	0.01%
Shares held by insiders	0.01%
Shares held by institutions	19.99%
Shares outstanding	112.6M

Metric

Value

Float

32.5M

Shares change (QoQ)

Shares change (YoY)

0.01%

Shares held by insiders

0.01%

Shares held by institutions

19.99%

Shares outstanding

112.6M

NSE/THERMAX (NSE/THERMAX)

Price

Financial snapshot

Fair-value bridge

Latest news · NSE/THERMAX

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All NSE/THERMAX indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on NSE/THERMAX

Frequently asked questions