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Thermax share price

Balanced risk
  • 26%Low risk
  • 26%Moderate risk
  • 26%Balanced risk
  • 26%High risk
  • 26%Extreme risk
  • 2,968.30(-0.07%)
    January 16, 2026 15:20:09 PM IST
    • NSE
    • BSE
  • Vol : 67.80 K (NSE + BSE)
    Last 20 day avg : 102.67 K

Thermax is trading -0.07% lower at Rs 2,968.30 as compared to its last closing price. Thermax has been trading in the price range of 2,973.85 & 2,920.00. Thermax has given -1.68% in this year & -3.18% in the last 5 days. Thermax has TTM P/E ratio 60.15 as compared to the sector P/E of 35.86.There are 21 analysts who have initiated coverage on Thermax. There are 4 analysts who have given it a strong buy rating & 4 analysts have given it a buy rating. 3 analysts have given the stock a sell rating.The company posted a net profit of 119.66 Crores in its last quarter.Listed peers of Thermax include Suzlon Energy (-1.04%), AIA Engineering (0.28%), Blue Star (-0.05%).The Mutual Fund holding in Thermax was at 13.26% in 31 Dec 2025. The MF holding has increased from the last quarter. The FII holding in Thermax was at 12.36% in 31 Dec 2025. The FII holding has decreased from the last quarter.

  • Overview
  • Financials
  • Forecast
  • Technical Analysis
  • Peers
  • Shareholding
  • About the company
  • FAQ

Overview

  • 1 D
  • 5 D
  • 1 M
  • 3 M
  • 6 M
  • 1 Y
  • 5 Y
  • MAX
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Key Metrics

Updated on Jan 17, 2026, 04:53 PM UTC

  • Beta
    Beta measures a stock's volatility compared to the overall market. A beta > 1 indicates higher volatility than the market.
    0.53
    Low volatility
  • Debt To Equity
    The debt-to-equity ratio, indicating a company's financial leverage.
    0.35
    Higher than industry
  • Dividend Yield
    Annual dividends as a percentage of the stock price.
    0.47
    Lower than industry
  • PEG Ratio
    The PEG ratio evaluates a stock's valuation by comparing its P/E ratio to its earnings growth rate. A lower PEG suggests better value relative to growth
    2.12
    Indicates overvaluation
  • P/E
    Price-to-earnings ratio based on trailing 12-month earnings
    -
  • P/B
    The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.
    -
Price range
Day Range
Lowest
2,920.00
Highest
2,973.85
52 week range
Lowest
2,744.20
Highest
4,241.55
Thermax Peers
Return Comparison
Peers Comparison
Names
Technical ratingPrice%ChangeMarket CapP/EP/BDividend YieldDebt to Equity
Suzlon Energy
Bearish
48.50-1.0466,507.2635.1711.91-2.52
AIA Engineering
Bullish
3,947.350.2836,800.8934.845.310.410.03
Blue Star
Neutral
1,811.10-0.0537,106.2762.4511.920.514.52
Voltas
Neutral
1,410.60-2.0146,686.1855.587.090.506.15
Bharat Heavy Electricals
Neutral
265.55-0.7892,466.19184.783.920.180.66
Mutual Fund Ownership
View all
SBI Energy Opportunities Fund Regular Growth
NA
  • Amount Invested (Cr.) 384.05
  • % of AUM 3.67
SBI Innovative Opportunities Fund Regular Growth
NA
  • Amount Invested (Cr.) 154.51
  • % of AUM 2.10
SBI Focused Equity Fund Growth
4/5
  • Amount Invested (Cr.) 779.29
  • % of AUM 2.10
Quantum ESG Best In Class Strategy Fund Regular Growth
3/5
  • Amount Invested (Cr.) 1.96
  • % of AUM 1.87
SBI Magnum Midcap Fund Regular Growth
2/5
  • Amount Invested (Cr.) 406.59
  • % of AUM 1.81
Thermax Corporate Actions
View all
  • Board Meetings
  • AGM
  • Dividends
  • Bonus
  • Split
  • Rights
Meeting DatePurpose
2026-02-02Quarterly Results
2025-11-11Quarterly Results
2025-10-17Others
2025-07-31Quarterly Results
2025-05-09Audited Results & Final Dividend
About the company Thermax
  • IndustryMisc. Capital Goods
  • ISININE152A01029
  • BSE Code500411
  • NSE CodeTHERMAX
Thermax Limited is an India-based energy and environment solutions provider. The Company's segments include Industrial Products, Industrial Infra, Green Solutions and Chemical. Industrial Products segment includes air pollution control, cooling, heating, water and waste solutions, and specialized services. Industrial Infra segment includes boilers and fired heaters, projects and energy solutions, and specialized services. Green Solutions segment includes build-own-operate, energy management solutions, green hydrogen projects and renewable energy (solar/wind). Chemical segment includes construction chemicals, ion exchange resins, oil field chemicals and performance chemicals. Its Thermax EDGE Live is a digital solution that uses AI and machine learning to analyze data from all industrial equipment worldwide and help clients to optimize asset performance in terms of up time and efficiency. It serves various industries, including aviation, construction, biotechnology and chemicals.
  • Management Info
  • Ashish BhandariChief Executive Officer, Managing Director, Executive Director
  • Rajendran ArunachalamGroup Chief Financial Officer, Executive Vice President
  • B. C. MaheshPresident and BU Head - Industrial Products
  • B. C. RajeshExecutive Vice President and Chief Executive Officer - TBWES
  • Jasmeet BhatiaChief Human Resources Officer, Executive Vice President
  • Santanu ChaudhuriExecutive Vice President, Chief Technology Officer
  • Amit SethiExecutive Vice President, Chief Digital and Information Officer
  • Kirtiraj JilkarExecutive Vice President and BU Head - Projects and Energy Solutions
  • Dinesh MandhanaExecutive Vice President and BU Head - Chemical
  • Arun UnniExecutive Vice President and BU Head – New Energy and Strategy
Thermax Share Price FAQs

Thermax is trading at 2968.30 as on Fri Jan 16 2026 09:50:09. This is -0.07% lower as compared to its previous closing price of 2970.40.

The market capitalization of Thermax is 35391.80 Cr as on Fri Jan 16 2026 09:50:09.

The average broker rating on Thermax is Hold. The breakup of analyst rating is given below -

  • 4 analysts have given a strong buy rating
  • 4 analysts have given a buy rating
  • 9 analysts have given a hold rating
  • 3 analysts have given a sell rating
  • 1 analysts have given a strong sell rating

The 52 wk high for Thermax is 4241.55 whereas the 52 wk low is 2744.20

Thermax can be analyzed on the following key metrics -

  • TTM P/E: 60.15
  • Sector P/E: 35.86
  • Dividend Yield: 0.47%
  • D/E ratio: 0.36

Thermax reported a net profit of 634.47 Cr in 2025.

The Mutual Fund Shareholding was 13.26% at the end of 31 Dec 2025.