THERMAX - Thermax Ltd. Share Price

Electrical Equipment

₹3197.70-35.40(-1.09%)

Market Closed as of Sep 26, 2025, 15:30 IST

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Valuation
Market Cap	38.1 kCr
Price/Earnings (Trailing)	53.67
Price/Sales (Trailing)	3.6
EV/EBITDA	32.13
Price/Free Cashflow	271.93
MarketCap/EBT	40.77
Enterprise Value	39.38 kCr

Fundamentals
Revenue (TTM)	10.59 kCr
Rev. Growth (Yr)	-2.3%
Earnings (TTM)	668.73 Cr
Earnings Growth (Yr)	38.4%

Profitability
Operating Margin	9%
EBT Margin	9%
Return on Equity	13.53%
Return on Assets	5.56%
Free Cashflow Yield	0.37%

Price to Sales Ratio

Latest reported: 4

Revenue (Last 12 mths)

Latest reported: 11 kCr

Net Income (Last 12 mths)

Latest reported: 669 Cr

Growth & Returns
Price Change 1W	-3.3%
Price Change 1M	-1.9%
Price Change 6M	-12.5%
Price Change 1Y	-39.4%
3Y Cumulative Return	13.7%
5Y Cumulative Return	34.3%
7Y Cumulative Return	19%
10Y Cumulative Return	14%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-1.24 kCr
Cash Flow from Operations (TTM)	1.04 kCr
Cash Flow from Financing (TTM)	123.55 Cr
Cash & Equivalents	417.68 Cr
Free Cash Flow (TTM)	140.12 Cr
Free Cash Flow/Share (TTM)	11.76

Balance Sheet
Total Assets	12.04 kCr
Total Liabilities	7.1 kCr
Shareholder Equity	4.94 kCr
Current Assets	7.31 kCr
Current Liabilities	5.64 kCr
Net PPE	2.62 kCr
Inventory	720.3 Cr
Goodwill	80.19 Cr

Capital Structure & Leverage
Debt Ratio	0.14
Debt/Equity	0.34
Interest Coverage	6.82
Interest/Cashflow Ops	9.73

Dividend & Shareholder Returns
Dividend/Share (TTM)	14
Dividend Yield	0.44%
Shares Dilution (1Y)	0.00%
Shares Dilution (3Y)	0.00%

Pros

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Balance Sheet: Strong Balance Sheet.

Smart Money: Smart money has been increasing their position in the stock.

Past Returns: In past three years, the stock has provided 13.7% return compared to 11.2% by NIFTY 50.

Size: Market Cap wise it is among the top 20% companies of india.

Cons

Technicals: SharesGuru indicator is Bearish.

Momentum: Stock has a weak negative price momentum.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	0.44%
Dividend/Share (TTM)	14
Shares Dilution (1Y)	0.00%
Earnings/Share (TTM)	59.58

Financial Health
Current Ratio	1.3
Debt/Equity	0.34

Technical Indicators
RSI (14d)	36.58
RSI (5d)	30.91
RSI (21d)	50.74
MACD Signal	Buy
Stochastic Oscillator Signal	Hold
Grufity Signal	Sell
RSI Signal	Hold
RSI5 Signal	Hold
RSI21 Signal	Hold
SMA 5 Signal	Sell
SMA 10 Signal	Sell
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

Latest News and Updates from Thermax

Updated May 5, 2025

The Bad News

Mint

Thermax's stock has experienced a significant decline of over 40% since the COVID-19 pandemic, reflecting ongoing project losses and slower growth.

Business Line

The company is at risk of being removed from the MSCI India Standard Index, which could result in an estimated passive fund outflow of $120 million.

Mint

Currently trading 2.04% lower, Thermax has seen a decline of 18.53% this year, highlighting its struggle in the current market environment.

The Good News

The Financial Express

Thermax has shown remarkable growth over a longer time frame, with a 351.36% increase over five years.

Mint

Despite current market challenges, Thermax's historical strengths in engineering and product quality remain a cornerstone of its reputation.

Mint

Foreign Institutional Investor holdings in Thermax have increased to 15.86%, indicating continued interest from international investors.

Updates from Thermax

Restructuring • 16 Sept 2025

Thermax Limited has informed the Stock Exchanges about cessation of Fortmax Chemicals India Private Limited (FCIPL) as the wholly owned step-down subsidiary of the Company.

Acquisition • 09 Sept 2025

Thermax Limited has informed the exchanges about investment in subsidiary.

Analyst / Investor Meet • 08 Sept 2025

Thermax Limited has informed the exchanges about schedule of analyst / Investor meet on September 10, 2025.

Acquisition • 20 Aug 2025

Thermax Limited has informed the Exchanges about completion of acquisition of stake in Thermax Bioenergy Solutions Private Limited (TBSPL).

Acquisition • 13 Aug 2025

Thermax Limited has informed the exchanges about signing of share purchase agreement with Everenviro Resource Management Private Limited for acquisition of stake in Thermax Bioenergy Solutions ....

General • 12 Aug 2025

Thermax Limited has informed the exchanges about technical tie up with HydrogenPro ASA.

General • 11 Aug 2025

Thermax Limited has informed the Exchanges about the communication to shareholders related to 100 days campaign - "Saksham Niveshak" launched by the Investor Education and Protection Fund Authority.

This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.

Summary of Latest Earnings Report from Thermax

Summary of Thermax's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated:

Q&A Session

Last updated:

Revenue Breakdown

Analysis of Thermax's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Revenue

Last Updated: Jun 30, 2025

Description	Share	Value
a. Industrial Products	43.6%	954.4 Cr
b. Industrial Infra	40.6%	890.4 Cr
c. Green Solutions	7.9%	173.2 Cr
d. Chemical	7.9%	173.2 Cr
Total		2.2 kCr

Share Holdings

Understand Thermax ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

Shareholder Name	Holding %
RDA HOLDINGS PRIVATE LTD	53.99%
ARA TRUSTEESHIP COMPANY PRIVATE LIMITED	7.99%
SBI ESG EXCLUSIONARY STRATEGY FUN	6.62%
NALANDA INDIA EQUITY FUND LIMITED	5.13%
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MANUFACTUR	2.67%
JASMEET BHATIA	2.41%
KOTAK FUNDS - INDIA MIDCAP FUND	1.35%
PHEROZ N PUDUMJEE	0.01%
MEHER PUDUMJEE	0%
ARNAVAZ ROHINTON AGA	0%
ZAHAAN PHEROZ PUDUMJEE	0%
LEA PUDUMJEE	0%
MEHER P. SETHNA	0%
JAMSDHED A. BHATENA	0%
DARAYUS A. BHATENA	0%
RDA INVESTMENTS SINGAPORE PTE. LTD.	0%
SHAKTI SUSTAINABLE ENERGY FOUNDATION	0%
SOCOMP SOLUTIONS PRIVATE LIMITED	0%
LAZARA CAPITAL ADVISORS PRIVATE LIMITED	0%
MEPHEZALEA ASSET SERVICES LLP	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Thermax Better than it's peers?

Detailed comparison of Thermax against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LT	Larsen & Toubro	5.13 LCr	2.69 LCr	+5.30%	-0.90%	32.32	1.91	-	-
SIEMENS	Siemens	1.1 LCr	19.39 kCr	+1.60%	-56.20%	44.97	5.69	-	-
ABB	ABB India	1.1 LCr	12.98 kCr	+3.00%	-35.90%	61.07	8.44	-	-
BHEL	Bharat Heavy Electricals	80.44 kCr	28.88 kCr	+9.20%	-17.70%	278.33	2.79	-	-
KEC	KEC International	22.52 kCr	22.39 kCr	+3.40%	-17.20%	36.86	1.01	-	-

Sector Comparison: THERMAX vs Electrical Equipment

Comprehensive comparison against sector averages

Comparative Metrics

THERMAX metrics compared to Electrical

Category	THERMAX	Electrical
PE	53.67	67.02
PS	3.6	5.9
Growth	7.6 %	12.7 %

Performance Comparison

THERMAX vs Electrical (2021 - 2025)

Key Insights

1. THERMAX is among the Top 10 Heavy Electrical Equipment companies but not in Top 5.
2. The company holds a market share of 8.4% in Heavy Electrical Equipment.
3. In last one year, the company has had a below average growth that other Heavy Electrical Equipment companies.

Income Statement for Thermax

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	11.4%	10,389	9,323	8,090	6,128	4,791	5,731
Other Income	8.2%	252	233	160	127	108	100
Total Income	11.4%	10,641	9,556	8,250	6,255	4,899	5,831
Cost of Materials	9.1%	5,554	5,092	4,443	3,506	2,467	2,996
Purchases of stock-in-trade	18.5%	193	163	153	122	83	104
Employee Expense	10.5%	1,269	1,148	954	813	759	799
Finance costs	33.3%	117	88	38	25	21	15
Depreciation and Amortization	7.5%	159	148	117	113	115	117
Other expenses	11.1%	2,398	2,158	1,913	1,409	1,139	1,440
Total Expenses	11.3%	9,756	8,762	7,647	5,845	4,571	5,457
Profit Before exceptional items and Tax	11.5%	885	794	603	410	328	375
Exceptional items before tax	-101.4%	0	75	0	0	-52.53	0
Total profit before tax	1.7%	885	870	603	410	275	375
Current tax	40.4%	300	214	126	73	75	96
Deferred tax	-528.6%	-41.86	11	26	25	-6.24	66
Total tax	14.2%	258	226	152	98	69	162
Total profit (loss) for period	-2.5%	627	643	451	312	207	212
Other comp. income net of taxes	66.3%	-2.33	-8.87	0.19	7.62	17	-8.78
Total Comprehensive Income	-1.6%	624	634	451	320	223	204
Earnings Per Share, Basic	-1.7%	56.33	57.3	39.98	27.73	18.34	18.87
Earnings Per Share, Diluted	-1.7%	56.31	57.28	39.98	27.73	18.34	18.87
Debt equity ratio	-	-	-	-	-	-	-
Debt service coverage ratio	-	-	-	-	-	-	-
Interest service coverage ratio	-	-	-	-	-	-	-

Description	(%) Q/Q	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024
Revenue From Operations	-30.3%	2,150	3,085	2,508	2,612	2,184	2,764
Other Income	-14.5%	66	77	32	60	84	55
Total Income	-29.9%	2,216	3,162	2,539	2,671	2,268	2,819
Cost of Materials	-38.5%	1,022	1,661	1,342	1,396	1,154	1,532
Purchases of stock-in-trade	-28.1%	42	58	54	44	37	54
Employee Expense	-0.9%	329	332	323	323	291	316
Finance costs	-3.3%	30	31	29	29	27	28
Depreciation and Amortization	9.1%	49	45	35	42	36	50
Other expenses	-24.3%	536	708	597	570	523	601
Total Expenses	-30%	2,004	2,862	2,382	2,405	2,107	2,568
Profit Before exceptional items and Tax	-29.4%	212	300	157	266	162	251
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	-29.4%	212	300	157	266	162	251
Current tax	-55.7%	59	132	34	85	48	69
Deferred tax	101.1%	1.4	-36.9	8.48	-17.13	3.69	-6.13
Total tax	-37.2%	60	95	43	68	52	63
Total profit (loss) for period	-26.8%	151	206	114	198	109	188
Other comp. income net of taxes	50%	28	19	-23.27	9.58	-7.19	-12.15
Total Comprehensive Income	-20.2%	179	224	90	208	102	175
Earnings Per Share, Basic	-27.4%	13.53	18.27	10.29	17.49	10.28	16.9
Earnings Per Share, Diluted	-27.5%	13.52	18.26	10.29	17.49	10.28	16.88

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	7.4%	6,254	5,822	5,141	4,015	3,131	3,215
Other Income	5.2%	203	193	136	125	140	104
Total Income	7.3%	6,457	6,015	5,278	4,140	3,272	3,319
Cost of Materials	6.1%	3,306	3,116	2,848	2,342	1,632	1,760
Purchases of stock-in-trade	17.5%	189	161	143	109	80	100
Employee Expense	11.7%	764	684	564	478	454	431
Finance costs	30.4%	31	24	20	13	8.57	5.23
Depreciation and Amortization	6.9%	78	73	73	67	64	63
Other expenses	6.1%	1,452	1,369	1,218	907	739	724
Total Expenses	7.4%	5,837	5,437	4,853	3,870	2,986	3,069
Profit Before exceptional items and Tax	7.1%	619	578	424	270	286	250
Exceptional items before tax	8511.1%	94	2.08	7.2	-14	-103.03	-14.89
Total profit before tax	23%	713	580	431	256	183	235
Current tax	22.1%	178	146	99	52	55	62
Deferred tax	-801.7%	-36.96	-3.21	3.32	3.22	-13.21	12
Total tax	-1.4%	141	143	102	55	42	74
Total profit (loss) for period	31%	572	437	329	201	141	214
Other comp. income net of taxes	13.2%	-3.52	-4.21	-7.78	4.24	0.87	-13.16
Total Comprehensive Income	31.5%	569	433	321	205	142	201
Earnings Per Share, Basic	31.7%	48.02	36.71	27.63	16.85	11.83	17.95
Earnings Per Share, Diluted	31.7%	48.02	36.71	27.63	16.85	11.83	17.95
Debt equity ratio	-	-	-	-	-	-	-
Debt service coverage ratio	-	-	-	-	-	-	-
Interest service coverage ratio	-	-	-	-	-	-	-

Description	(%) Q/Q	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024
Revenue From Operations	-40%	1,183	1,972	1,453	1,519	1,311	1,738
Other Income	-38.2%	35	56	41	37	69	52
Total Income	-39.9%	1,218	2,027	1,494	1,556	1,379	1,789
Cost of Materials	-45.8%	572	1,054	762	798	691	971
Purchases of stock-in-trade	-24.1%	42	55	54	43	37	54
Employee Expense	5.8%	202	191	200	197	176	191
Finance costs	-68.6%	3.4	8.64	8.49	8.3	5.97	6.75
Depreciation and Amortization	21.1%	24	20	19	20	19	19
Other expenses	-19.4%	334	414	344	364	329	380
Total Expenses	-35.2%	1,156	1,784	1,370	1,420	1,263	1,629
Profit Before exceptional items and Tax	-74.8%	62	243	124	136	116	161
Exceptional items before tax	-101.1%	0	94	0	0	0	0
Total profit before tax	-81.8%	62	337	124	136	116	161
Current tax	-82.1%	16	85	18	44	31	37
Deferred tax	92.3%	-0.86	-23.07	2.83	-16.32	-0.4	-4.5
Total tax	-77%	15	62	21	28	30	32
Total profit (loss) for period	-83.6%	46	275	103	108	86	129
Other comp. income net of taxes	-92.2%	1.48	7.12	-5.06	-4.37	-1.21	1.17
Total Comprehensive Income	-83.3%	48	282	98	104	85	130
Earnings Per Share, Basic	-86.9%	3.9	23.09	8.66	9.06	7.22	10.79
Earnings Per Share, Diluted	-86.9%	3.9	23.09	8.66	9.06	7.22	10.79

Balance Sheet for Thermax

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	4%	418	402	487	327	453	377
Current investments	-4.3%	1,568	1,638	1,363	1,359	1,393	1,093
Loans, current	145.5%	1.27	1.11	1.14	0.96	2.46	1.97
Total current financial assets	16.9%	5,954	5,092	5,019	4,671	4,839	4,483
Inventories	-12%	720	818	765	757	756	683
Current tax assets	-50.9%	2.09	3.22	0.52	3.36	1.19	2.29
Total current assets	10.5%	7,313	6,616	6,448	5,961	6,072	5,563
Property, plant and equipment	35.2%	2,615	1,935	1,874	1,873	1,216	1,116
Capital work-in-progress	-28.2%	561	781	519	264	434	111
Goodwill	71.7%	80	47	3.03	3.03	3.03	3.03
Non-current investments	-48.5%	121	234	383	348	217	240
Loans, non-current	-0.6%	4.55	4.57	4.28	5.02	4.66	4.57
Total non-current financial assets	-0.6%	818	823	772	641	519	508
Total non-current assets	8.3%	4,716	4,353	3,705	3,345	2,758	2,268
Total assets	9.7%	12,038	10,969	10,153	9,313	8,839	7,838
Borrowings, non-current	1.2%	1,162	1,148	789	678	423	113
Total non-current financial liabilities	0.1%	1,353	1,351	905	768	496	178
Provisions, non-current	-13.3%	40	46	42	40	38	31
Total non-current liabilities	-0.5%	1,460	1,467	988	836	559	246
Borrowings, current	75.2%	532	304	466	378	388	352
Total current financial liabilities	20.7%	2,459	2,037	2,194	1,989	2,036	1,858
Provisions, current	8.7%	374	344	305	272	204	198
Current tax liabilities	91.5%	91	48	41	22	24	26
Total current liabilities	15.6%	5,635	4,874	4,725	4,485	4,409	4,044
Total liabilities	11.9%	7,095	6,341	5,713	5,320	4,968	4,290
Equity share capital	0%	23	23	23	23	23	23
Non controlling interest	-30.2%	5.69	7.72	0	4.09	2.15	4.61
Total equity	6.8%	4,943	4,628	4,440	3,993	3,870	3,548
Total equity and liabilities	9.7%	12,038	10,969	10,153	9,313	8,839	7,838

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-10%	118	131	264	75	121	90
Current investments	11.8%	1,295	1,158	966	1,060	1,184	952
Loans, current	-80.6%	48	243	184	177	172	44
Total current financial assets	25.4%	3,984	3,176	3,137	2,987	3,191	2,936
Inventories	-13.8%	383	444	397	415	391	384
Current tax assets	-	91	0	-	-	0	0
Total current assets	7.8%	4,458	4,137	4,045	3,766	3,904	3,572
Property, plant and equipment	30%	954	734	728	685	693	695
Capital work-in-progress	-52.4%	82	171	107	92	45	24
Non-current investments	556.8%	1,400	214	383	423	289	300
Loans, non-current	-45%	12	21	7.98	6.37	2.68	2.72
Total non-current financial assets	306%	1,564	386	539	546	415	389
Total non-current assets	2%	2,778	2,724	2,702	2,534	2,241	2,194
Total assets	5.6%	7,246	6,861	6,747	6,307	6,151	5,773
Borrowings, non-current	0%	25	25	0	0	0	0
Total non-current financial liabilities	-14.9%	81	95	48	43	37	39
Provisions, non-current	8.3%	27	25	26	22	24	19
Total non-current liabilities	-10.8%	108	121	74	65	61	74
Borrowings, current	-82.5%	59	333	308	275	220	270
Total current financial liabilities	-10.2%	1,287	1,433	1,493	1,372	1,348	1,350
Provisions, current	8.9%	233	214	194	171	112	118
Current tax liabilities	120.7%	65	30	20	16	18	21
Total current liabilities	0.4%	3,170	3,156	3,136	3,037	2,873	2,696
Total liabilities	0%	3,278	3,277	3,211	3,102	2,934	2,770
Equity share capital	0%	24	24	24	24	24	24
Total equity	10.7%	3,968	3,585	3,537	3,205	3,218	3,003
Total equity and liabilities	5.6%	7,246	6,861	6,747	6,307	6,151	5,773

Cash Flow for Thermax

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	61.1%	154	96	38	25	-	-
Change in inventories	849.8%	78	-9.27	-28.62	-322.27	-	-
Depreciation	7.5%	159	148	117	113	-	-
Impairment loss / reversal	37.9%	81	59	41	-4.4	-	-
Unrealised forex losses/gains	147.1%	4.13	-5.64	-0.26	3.46	-	-
Dividend income	-	0	0	0	1.37	-	-
Adjustments for interest income	-22.1%	68	87	70	52	-	-
Share-based payments	24.7%	5.84	4.88	2.52	0	-	-
Net Cashflows from Operations	183.6%	1,229	434	611	428	-	-
Income taxes paid (refund)	0%	186	186	151	103	-	-
Net Cashflows From Operating Activities	323.6%	1,043	247	460	325	-	-
Purchase of property, plant and equipment	7%	903	844	650	84	-	-
Proceeds from sales of investment property	-98.8%	2.45	125	0	0	-	-
Purchase of other long-term assets	-	0	0	89	420	-	-
Dividends received	-	0	0	0	1.37	-	-
Interest received	-26.7%	64	87	70	87	-	-
Other inflows (outflows) of cash	-313.6%	-266.05	126	0	0	-	-
Net Cashflows From Investing Activities	-143.3%	-1,240.55	-509.21	-679.68	-421.58	-	-
Proceeds from issuing other equity instruments	0%	0.01	0.01	0	0	-	-
Proceeds from borrowings	33.7%	1,295	969	448	76	-	-
Repayments of borrowings	60.1%	861	538	0	0	-	-
Payments of lease liabilities	-43.6%	6.08	10	9.8	4.47	-	-
Dividends paid	19.6%	135	113	102	79	-	-
Interest paid	116%	176	82	26	13	-	-
Other inflows (outflows) of cash	-89.8%	7	60	38	0	-	-
Net Cashflows from Financing Activities	-56.7%	124	285	349	-20.58	-	-
Effect of exchange rate on cash eq.	81.7%	0	-4.47	16	2.08	-	-
Net change in cash and cash eq.	-517.8%	-74.21	19	144	-115.37	-	-

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	30.4%	31	24	20	13	-	-
Change in inventories	272.2%	14	-6.55	-20.43	-124.41	-	-
Depreciation	6.9%	78	73	73	67	-	-
Impairment loss / reversal	-151.6%	-56.8	113	26	13	-	-
Unrealised forex losses/gains	1468.8%	3.51	1.16	-1.88	3.19	-	-
Dividend income	585.7%	25	4.5	7.09	19	-	-
Adjustments for interest income	-27.3%	49	67	52	39	-	-
Share-based payments	50.7%	5.43	3.94	2.05	0	-	-
Net Cashflows from Operations	106.1%	440	214	539	176	-	-
Income taxes paid (refund)	-46.7%	66	123	120	82	-	-
Net Cashflows From Operating Activities	314.4%	374	91	419	94	-	-
Cashflows used in obtaining control of subsidiaries	-28.1%	231	321	100	98	-	-
Proceeds from sales of PPE	-99.1%	2.08	122	0	0	-	-
Purchase of property, plant and equipment	79.3%	270	151	49	32	-	-
Purchase of other long-term assets	-	0	0	57	137	-	-
Cash receipts from repayment of advances and loans made to other parties	-4.7%	511	536	0	76	-	-
Dividends received	1328.6%	51	4.5	7.09	19	-	-
Interest received	-66.2%	25	72	29	72	-	-
Other inflows (outflows) of cash	-78.1%	87	393	0	0	-	-
Net Cashflows From Investing Activities	-224.5%	-125.94	103	-337.63	-100.17	-	-
Proceeds from borrowings	23.4%	555	450	40	39	-	-
Repayments of borrowings	115.2%	778	362	0	0	-	-
Payments of lease liabilities	-40%	1.48	1.8	1.12	1.62	-	-
Dividends paid	20.3%	143	119	107	83	-	-
Interest paid	47.1%	26	18	13	6.86	-	-
Net Cashflows from Financing Activities	-653.5%	-393.67	-51.38	-81.49	-52.64	-	-
Net change in cash and cash eq.	-203.1%	-145.44	143	-0.44	-58.94	-	-

What does Thermax Ltd. do?

Heavy Electrical Equipment•Capital Goods•Mid Cap

Thermax is a prominent Heavy Electrical Equipment company with the stock ticker THERMAX. With a market capitalization of Rs. 40,640.5 Crores, it specializes in providing energy, environment, and chemical solutions both in India and internationally.

The company operates through several segments, including Industrial Products, Industrial Infra, Green Solutions, and Chemical, offering a wide array of products such as:

Vapour absorption and hybrid chillers
Heat pumps, chillers, and transformers
Industrial refrigeration and renewable energy solutions
Various types of boilers and heaters
Air pollution control and water/waste solutions
Specialty chemicals for diverse applications

Thermax also engages in cogeneration and waste heat recovery power, and operates captive and independent power plants, alongside offering operation and maintenance services.

Thermax serves a vast range of industries, including automobiles, cement, chemicals and fertilizers, pharmaceuticals, food, textiles, and more. Established in 1966 and headquartered in Pune, India, it is a subsidiary of RDA Holdings Private Limited.

In terms of financial performance, Thermax has a trailing 12 months revenue of Rs. 10,298.1 Crores and has reported a substantial revenue growth of 76.4% over the past three years. The company provides dividends to its investors, boasting a dividend yield of 0.54% per year, with a return of Rs. 22 dividend per share in the last year.

Industry Group:Electrical Equipment

Employees:5,225

Website:www.thermaxglobal.com

THERMAX - Thermax Ltd. Share Price

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What does Thermax Ltd. do?