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Mid Engineering & Capital Goods

Thermax Ltd.

THERMAX

Market Cap
₹53,650 Cr.
P/E
74.46

Thermax Ltd.

  • Thermax
  • JNK India
  • BHEL

FAQs on Thermax Ltd. Shareprice

Thermax has given lower returns compared to its competitors.
Thermax has grown at ~-4.94% over the last 2yrs while peers have grown at a median rate of 0.27%

Yes, Thermax is expensive.
Latest PE of Thermax is 74.46, while 3 year average PE is 71.07.
Also latest EV/EBITDA of Thermax is 53.35 while 3yr average is 52.53.

View FAQ's On Business

Growth Table

  • Thermax Ltd.
  • JNK India
  • BHEL

Balance Sheet

  • Thermax Ltd.
  • JNK India
  • BHEL

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

  • 1y
  • 3y
  • 5y
  • 10y
  • Increase
  • Decrease
  • Total
No data available.
*Data is as of latest FY end

Profit & Loss

  • Thermax Ltd.
  • JNK India
  • BHEL

Cash Flow

  • Thermax Ltd.
  • JNK India
  • BHEL

Cash Flow Analysis

  • 1y
  • 3y
  • 5y
  • 10y
  • Increase
  • Decrease
  • Total
No data available.

Ratios

= Dominant Factor
  • Thermax Ltd.
  • JNK India
  • BHEL

Quarterly Results

  • Thermax Ltd.
  • JNK India
  • BHEL

Reverse DCF

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Cr
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5 YEAR
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10 YEAR
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20 YEAR
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Implied Growth Rate over a 5 year period*
Implied Growth Rate over a 10 year period*
Implied Growth Rate over a 20 year period*
*Implied Growth calculated using Newton-Raphson method.
Learn how to use Reverse DCF

FAQs on Thermax Ltd. Financials

Balance sheet of Thermax is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Thermax is increasing.
Latest net debt of Thermax is ₹1,097 Crs as of Mar-26.
This is greater than Mar-25 when it was -₹614.18 Crs.

The profit is oscillating.
The profit of Thermax is ₹721 Crs for TTM, ₹634 Crs for Mar 2025 and ₹645 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Thermax latest dividend payout ratio is 24.86% and 3yr average dividend payout ratio is 23.6%

Companies resources are allocated to majorly productive assets like Plant & Machinery

View FAQ's On Shareholding
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