THERMAXUpdated 1 Sept 2026, 3:12

Thermax Ltd

THERMAXUpdated 1 Sept 2026, 3:12

Market Cap

₹46,490Cr.

Current Price

₹3,902

High / Low

₹5,278/2,743

Stock P/E

89.8

ROE11.4%

ROCE15.6%

Book Value₹372

Face Value₹2.00

Dividend Yield0.36%

About

Thermax Limited offers solutions to energy, environment and chemical sectors. The Company’s portfolio includes boilers and heaters, absorption chillers/ heat pumps, power plants, solar equipment, air pollution control equipment/system, water and waste recycle plant, ion exchange resins and performance chemicals and related services.[1]

Quarterly results

Last reported quarters₹ Cr.

Profit & loss

Annual statement₹ Cr.

Shareholding pattern

As of Jun 2026%

Shareholding trend

Ownership over time%

Balance sheet

Assets & liabilities₹ Cr.

Cash flows

Operating, investing & financing₹ Cr.

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	122	103	93	152	86	86	96	87	86	94	82	85
Inventory Days	41	32	40	71	38	50	52	56	48	44	40	49
Days Payable	115	117	164	223	132	119	178	148	127	119	115	146
Cash Conversion Cycle	49	18	-31	0	-8	17	-30	-5	7	19	7	-11
Working Capital Days	-13	-14	-9	-59	8	-16	-53	-53	-40	-25	-13	-5
ROCE %	21%	18%	17%	14%	16%	9%	10%	9%	14%	17%	14%	16%

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 1 September 2026 at 3:12

THERMAX LTD (THERMAX) financials — quarterly results, P&L, cash flow, balance sheet, shareholding