Thermax Limited Share Price and Company Fundamentals
Last traded: Yesterday at 10:00 AM
Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction. The Industrial Infra segment provides engineering, procurement, and construction (EPC) of power plants, infra projects, and flue gas desulphurisation projects, along with associated services and manufacturing, installation, sales and services related to boiler and heater plants. The Green solutions segment builds, owns and operates BOO models, energy management solutions, oil and gas-fired, green hydrogen projects and renewable energy (Solar/Wind). The Chemical segment offers manufacturing, installation, sales and services related to ion exchange resins, performance chemicals, construction chemicals, water treatment chemicals, oil field chemicals, paper and construction chemicals, and related services. It also operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. In addition, the company offers steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tyre industries. Thermax Limited was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.
Key Metrics
PE ratio
52.12
PB ratio
7.05
Dividend yield
0.46%
Beta
0.04
Market cap
₹356.18B
Enterprise value
₹349.22B
Company profile
| Industry / Sector | Conglomerates / Industrials |
|---|---|
| Full time employees | 5601 |
| Website | https://www.thermaxglobal.com |
| Mailing address | Thermax House 14, Mumbai-Pune Road Wakdewadi Pune 411003 India |
| Phone / Fax | 91 20 6605 1200 / 91 20 2554 2242 |
Dividends
Dividend yield
0.46%
Dividend amount
₹14.00
Payout ratio
23.13%
5Y Avg. yield
-%
Thermax Limited paid ₹14.00 dividend and the ex-dividend date was 04 Jul 2025.The dividend payout ratio is 23.13%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.THERMAX dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
Company Executives
As of Mar 2026, following are the company executives and directors listed on Thermax Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Ashish Bhandari | MD, CEO & Additional Director | 54 | |
| Mr. Rajendran Arunachalam | Executive VP & Group CFO | ||
| Dr. Santanu Chaudhuri | Executive VP and Chief Technology Officer | ||
| Dr. Amit Sethi | Executive VP and Chief Digital & Information Officer | ||
| Ms. Sangeet Hunjan | Company Secretary & Compliance Officer | ||
| Samina Khalid | Head of Corporate Communication | ||
| Mr. B. C. Mahesh | President of Industrial Products Business | ||
| Mr. Dinesh Mandhana | Executive VP & BU Head of Chemical | ||
| Mr. Kirtiraj Jilkar | Executive VP and BU Head of P&ES | ||
| Mr. Arun Unni | Executive VP and Business Head of New Energy & Head of Strategy |
Profitability and management effectiveness
Profit margin
6.60%
Operating margin
7.65%
Return on assets
-
Return on equity
-
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Thermax Limited is 356.18B and its enterprise value is 349.22B. The enterprise value to revenue ratio of THERMAX is 3.38. The enterprise value to EBITDA ratio of THERMAX is 38.19.
The THERMAX's stocks Beta value is 0.04 making it 96% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Thermax Limited (NSE:THERMAX) Frequently Asked Questions
1. What is Thermax Limited's Stock Symbol?
Thermax Limited trades on NSE under the ticker symbol "THERMAX".
2. What is Thermax Limited's stock price today?
One share of THERMAX stock can currently be purchased for approximately ₹3161.9.
3. How can I contact Thermax Limited?
Thermax Limited's mailing address is Thermax House 14, Mumbai-Pune Road Wakdewadi Pune 411003 India. The company can be reached via phone at 91 20 6605 1200.
4. What is Thermax Limited's official website?
The official website of Thermax Limited is https://www.thermaxglobal.com.