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Thermax Limited. (IN:THERMAX)
:THERMAX
India Market

Thermax Limited. (THERMAX) Price & Analysis

2 Followers

THERMAX Stock Chart & Stats

₹3069.65
-₹115.10(-2.81%)
At close: 4:00 PM EST
₹3069.65
-₹115.10(-2.81%)

Bulls Say, Bears Say

Bulls Say
Diverse, Recurring Revenue MixThermax's business model spans equipment sales, EPC project delivery, aftermarket services and consumables, creating recurring revenue streams tied to an installed base and regulatory-driven demand. This mix reduces cyclicality and supports steadier revenue and service income over time.
Strong Revenue And Stable MarginsReported robust revenue growth coupled with healthy gross and stable net margins indicates effective cost management and pricing power. Consistent profitability across reporting periods supports sustainable earnings generation and resilience to project mix variability over the medium term.
Turnaround To Positive Free Cash FlowThe shift from negative to positive free cash flow reflects improved cash conversion and operational discipline. Stronger free cash flow enhances financial flexibility, funds reinvestment or servicing of liabilities, and reduces reliance on external financing for capex or working capital.
Bears Say
Rising Total LiabilitiesAn increase in total liabilities signals rising leverage risk and potential pressure on interest costs. Higher indebtedness can constrain strategic investments, increase sensitivity to rate cycles, and reduce buffer against project delays or working-capital shocks over the medium term.
Volatile Free Cash Flow GrowthAlthough free cash flow turned positive, its volatile growth rate creates uncertainty in funding capacity. Irregular cash generation complicates capital allocation, may force periodic external financing for projects or growth, and can limit reliable reinvestment or returns to shareholders.
Fluctuating EBITDA MarginObserved EBITDA margin volatility points to execution or pricing risks on engineered projects. Margin swings can undermine earnings predictability and return on new contracts, necessitating sustained focus on project controls, cost discipline, and pricing to protect long-term profitability.

Thermax Limited. News

THERMAX FAQ

What was Thermax Limited.’s price range in the past 12 months?
Thermax Limited. lowest stock price was ₹2744.20 and its highest was ₹4088.00 in the past 12 months.
    What is Thermax Limited.’s market cap?
    Thermax Limited.’s market cap is ₹392.56B.
      When is Thermax Limited.’s upcoming earnings report date?
      Thermax Limited.’s upcoming earnings report date is May 27, 2026 which is in 52 days.
        How were Thermax Limited.’s earnings last quarter?
        Thermax Limited. released its earnings results on Feb 02, 2026. The company reported ₹14.25 earnings per share for the quarter, beating the consensus estimate of ₹12.49 by ₹1.76.
          Is Thermax Limited. overvalued?
          According to Wall Street analysts Thermax Limited.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Thermax Limited. pay dividends?
            Thermax Limited. pays a Annually dividend of ₹14 which represents an annual dividend yield of 0.48%. See more information on Thermax Limited. dividends here
              What is Thermax Limited.’s EPS estimate?
              Thermax Limited.’s EPS estimate is 15.45.
                How many shares outstanding does Thermax Limited. have?
                Thermax Limited. has 119,156,300 shares outstanding.
                  What happened to Thermax Limited.’s price movement after its last earnings report?
                  Thermax Limited. reported an EPS of ₹14.25 in its last earnings report, beating expectations of ₹12.49. Following the earnings report the stock price went down -1.806%.
                    Which hedge fund is a major shareholder of Thermax Limited.?
                    Currently, no hedge funds are holding shares in IN:THERMAX
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Thermax Limited.

                      Thermax Limited provides energy, environment, and chemical solutions in India and internationally. It operates through three segments: Energy, Environment, and Chemical. The company offers vapor absorption and hybrid chillers, heat pumps, chiller-heaters, and heat transformers; evaporative condensers, closed loop cooling towers, adiabatic and dry coolers, radiators, and air cooled heat exchangers and condensers; EPC solutions, such as cogen or trigen power plants, air cooled condensers, bio-CNG plants, waste heat recovery power plants, and refinery process units; and renewable energy solutions. It also provides oil and gas fired boilers, heat recovery boilers and systems, high pressure boilers, lean gas and solid fuel fired boilers, hot water generators, waste to energy boilers, fired heaters and process furnaces, waste heat recovery units, thermal oil heaters and vaporizers, hot water and air generators, energy plants, and packaged and modular units, as well as specialized services. In addition, the company offers air pollution control and water and waste solutions; and chemicals, such as ion exchange resins, water and fuel treatment chemicals, oil field chemicals, and construction chemicals. It serves agriculture, automobiles and auto components, aviation, biotechnology, cement, commercial/construction, engineering and capital goods, as well as food and beverages, fast moving consumer goods, healthcare, hospitality, infrastructure, IT and datacenter, manufacturing, medical devices, metals, oil and gas, paper and pulp, pharmaceuticals, power, renewable energy, rubber, telecommunications, textiles, and wood industries. The company was founded in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

                      Thermax Limited. (THERMAX) Earnings & Revenues

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