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Thermax Ltd share Price

Company details

6M Return 39.82%
1Y Return 44.46%
Mkt Cap.(Cr) 37,675.94
Volume 126,586
Div Yield 0.32%
OI Chg %
Volume 126,586

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Strong order inflow buoys visibility…
About The Stock

    Thermax Ltd (Thermax) offers integrated solutions in the areas of energy and environment – heating, cooling, power, water & waste management, air pollution control and chemicals.
     It operates in three key segments energy (~70.7% of FY22 revenue), environment segment (~20.6%) and chemicals segment (~8.7%)
     Focus to increase product & services share (~50% in FY22) vs. projects


    Thermax reported decent Q4FY22 results.
     Consolidated revenue at ₹ 1991.9 crore, up 26.5% YoY, owing to better execution
     EBITDA came in at ₹ 135.2 crore, down 3.2% YoY, impacted by higher commodity prices and freight cost
     Adjusted PAT came in at ₹ 102.6 crore, down 4.4% YoY
     Order inflows for Q4FY22 was robust at ₹ 3396 crore, up ~127% YoY

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Heavy Electrical Equipment company Thermax announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Operating revenue of Rs 1,933 crore in Q1FY24, 17% higher as compared to Rs 1,654 crore in Q1FY23.
    • Profit after tax (PAT) is Rs 60 crore (Rs 59 crore), an increase of 2% over Q1FY23. The results were adversely impacted due to an exceptional item of provision related to ongoing litigation of Rs 51 crore.
    • The profit before tax (PBT) and the exceptional item is Rs 142 crore (Rs 81 crore), up 75%. As of June 30, 2023, the order balance for Q1FY24 was Rs 10,505 crore (Rs 9,554 crore), up by 10% from Q1FY23.
    • The order booking for Q1FY24 was 11% higher at Rs 2,567 crore (Rs 2,310 crore).
  • Standalone Q1FY24:
    • Operating revenue of Rs 1,161 crore during Q1FY24, demonstrating a growth of 23% compared to Rs 947 crore in Q1FY23.
    • Profit after tax for Q1FY24 stood at Rs 44 crore (Rs 24 crore), up 83%. 
    • The order booking for Q1FY24 was lower by 5% at Rs 1,627 crore (Rs 1,707 crore) as compared to Q1FY23. Order balance on June 30, 2023, stood at Rs 6,746 crore (Rs 6,981 crore), down 3%.
  • During Q1FY24, Thermax concluded a major order of Rs 271.5 crore from India's biggest oil refinery in the private sector.
  • The company also commissioned a state-of-the-art wind-solar hybrid captive plant with a capacity of 45.8 MW in Gujarat.



Result PDF

View Other Company Results


Investment recommendation
Strong order inflow buoys visibility…
Call Date
23 May 2022
Entry Price 2,025.00
Target Price 2,450.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Thermax Ltd Stocks COMPARISION


Equity Capital: 3,868.07 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Thermax Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
Registered Address

D-13 MIDC Industrial Area, R D Aga Road Chinchwad, Pune, Maharashtra, 411019

Tel : 91-20-66122100/66155000
Email : info:thermaxindia.com
Website : http://www.thermaxindia.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500411
Book Closure Date (Month) :
BSE Group : A
ISIN : INE152A01029

FAQ’s on Thermax Ltd Shares

You can buy Thermax Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Thermax Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:56 PM the closing price of Thermax Ltd was ₹ 3,161.90.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:56 PM, the market cap of Thermax Ltd stood at ₹ 37,675.94.

The latest PE ratio of Thermax Ltd as of Oct 03, 2023 03:56 PM is 78.01

The latest PB ratio of Thermax Ltd as of Oct 03, 2023 03:56 PM is 0.10

The 52-week high of Thermax Ltd is ₹ 3,230.00 while the 52-week low is ₹ 1,830.65

According to analyst recommendations, Thermax Ltd has a “Buy” rating for the long term.

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