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  • Overview
  • Key Ratios
  • Financials
  • Shareholding
  • Company Info
  • Peer Comparison

Thermax Ltd Electric Equipment

  • Indian Private
  • BSE Code : 4767.0
  • ISIN : INE152A01029
4,578.00 -141 (-2.98%)
  • As on 23 Jul 2026 (EOD)
  • Today’s Low

    4,550.00
  • Today’s High

    4,699.00
  • Open

    4,685.00
  • Perv Close

    4,718.50
  • 52W Low

    2,742.70
  • 52W High

    5,277.80

Key Indicators

  • P/E(TTM)

    114.60

  • Mar.Cap (₹Cr.)

    54,549.75

  • Div & Yield %

    0.04

  • Book Value(₹)

    371.54

  • Debt-Equity Ratio

    -2.98

  • AGM Date

    23-Jul-2026

  • EPS

    39.98

  • P/E Ratio

    114.60

Financials Ratios

  • Debt-Equity Ratio

    0.25

  • Mar.Cap (₹Cr.)

    54,549.75

  • RONW (%)

    15.48

  • ROCE (%)

    17.87

Score Board

  • Equity (₹ in Cr.)

    23.83

  • BV (₹)

    371.50

  • Sales( ₹ in Cr.)

    6,518.26

  • NP (in Cr.)

    476.42

  • NP Var(%)

    36.0

  • Div%

    100.0

  • CPS (₹)

    48.10

  • EPS (₹)

    40.00

  • Traded Value (₹ in Lakhs)

    54,594.44

  • 52 Week High

    5,277.80

  • 52 Week Low

    2,742.70

  • Price BSE

    4582.0

  • Price NSE

    4,578.00

  • Market Capital( in Cr.)

    54,594.44

  • P/C Ratio

    95.20

  • P/E Ratio

    114.60

  • Price Vs.BV

    40.00

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Financials

All Values are in (₹Cr)
Particulars(INCOME) 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar
INCOME :            
Sales Turnover 6,518.26 6,244.53 5,821.93 5,141.16 4,015.39 3,131.48
Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00
Net Sales 6,518.26 6,244.53 5,821.93 5,141.16 4,015.39 3,131.48
Other Income 416.87 296.26 319.61 146.54 124.56 140.40
Stock Adjustments 65.07 -16.27 -10.69 12.29 46.81 -8.18
Total Income 7,000.20 6,524.52 6,130.85 5,299.99 4,186.76 3,263.70
EXPENDITURE :            
Raw Materials 3,622.06 3,480.53 3,277.15 2,991.30 2,451.13 1,712.27
Power and Fuel Cost 52.65 48.23 43.77 46.24 39.03 27.03
Employee Cost 842.26 754.87 684.47 564.40 477.81 453.83
Other Manufacturing Expenses 1,018.23 943.52 903.75 790.60 550.59 452.80
Selling and Administration Expenses 404.41 365.80 351.03 309.43 291.32 199.36
Miscellaneous Expenses 149.92 120.46 195.47 73.80 47.97 163.01
Employee Benefit Expenses 842.26 754.87 684.47 564.40 477.81 453.83
Less: Preoperative Expenditure 6.25 7.20 1.43 0.00 7.67 0.08
Total Expenses 6,083.28 5,706.21 5,454.21 4,775.77 3,850.18 3,008.22
Operating Profit 916.92 818.31 676.64 524.22 336.58 255.48
Interest 24.87 31.53 23.84 19.58 13.33 8.57
Gross Profit 892.05 786.78 652.80 504.64 323.25 246.91
Depreciation 97.19 73.64 72.74 73.15 67.19 63.99
Profit Before Tax 794.86 713.14 580.06 431.49 256.06 182.92
Current Tax 130.74 177.96 145.83 98.91 52.05 55.11
Fringe Benefit tax 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 15.21 -36.96 -3.21 3.32 3.22 -13.21
Reported Net Profit 648.91 572.14 437.44 329.26 200.79 141.02
Extraordinary Items 172.49 222.21 1.30 2.80 -4.91 -71.90
Adjusted Net Profit 476.42 349.93 436.14 326.46 205.70 212.92
Adjustment below Net Profit 1.79 -4.86 -3.53 -7.99 4.06 0.91
P & L Balance brought forward 3,387.54 2,963.25 2,648.50 2,434.47 2,313.03 2,171.10
Statutory Appropriations 0.00 0.00 0.00 0.00 0.00 0.00
Appropriations 166.82 142.99 119.16 107.24 83.41 0.00
P & L Balance carried down 3,871.42 3,387.54 2,963.25 2,648.50 2,434.47 2,313.03
Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Preference Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Equity Dividend (%) 100.00 700.00 600.00 500.00 450.00 350.00
Dividend Per Share(Rs) 20.00 14.00 12.00 10.00 9.00 7.00
Earnings Per Share-Unit Curr 54.46 48.02 36.71 27.63 16.85 11.84
Earnings Per Share(Adj)-Unit Curr 54.46 48.02 36.71 27.63 16.85 11.84
Book Value 371.56 333.01 296.83 270.06 251.87 241.66
Book Value(Adj)-Unit Curr 371.56 333.01 296.83 270.06 251.87 241.66

Shareholding Pattern

  • Promoter Group

    61.98%

  • Public Share Holding

    32.56%

  • Custodian

    5.46%

Category of Shareholder No of Shares % Holdings Demat Shares Shareholders
A]. Promoter & Group
Foreign (Promoter & Group) - Bodies Corporate 0 0.00 0 0
Foreign (Promoter & Group)-Individuals (Non-Resident / Foreign) 0 0.00 0 0
Foreign Promoter(Institutional) 0 0.00 0 0
Promoter Others 0 0.00 0 0
Sub Total 0 0.00 0 0
[2] INDIAN
Bodies Corporate-Indian (Promoter & Group) 73,849,305 61.98 73,849,305 2
Government(Central / State)-Indian (Promoter & Group) 0 0.00 0 0
Directors & their Relatives-Indian (Promoter & Group) 0 0.00 0 0
Financial Institutions / Banks-Indian (Promoter & Group) 0 0.00 0 0
Individuals / Hindu Undivided Family-Indian (Promoter & Group) 6,000 0.01 6,000 1
Partnership Firms-Indian (Promoter & Group) 0 0.00 0 0
Persons Acting in Concert 0 0.00 0 0
Trusts 0 0.00 0 0
Others 0 0.00 0 0
Sub Total 73,855,305 61.98 73,855,305 3
Total ShareHolding for Promoter & Group
B]. Publice Share Holding
1] Institution
Government(Central / State) 0 0.00 0 0
Clearing Members 0 0.00 0 0
Corporate Bodies 0 0.00 0 0
Foreign Direct Investments 0 0.00 0 0
Financial Institutions / Banks 0 0.00 0 0
Foreign Bank 0 0.00 0 0
Foreign Bodies Corporate/OCBs/FBC 0 0.00 0 0
Foreign Collaborators 0 0.00 0 0
Foreign Institutional Investors 13,657,959 11.46 13,657,959 220
Foreign Venture Capital Investors 0 0.00 0 0
Foreign Institution Other 0 0.00 0 0
Insurance Companies 2,481,282 2.08 2,481,282 17
Mutual Funds / UTI 15,318,328 12.86 15,318,328 29
Individuals (Non-Resident / Foreign) 0 0.00 0 0
NSDL Intransit 0 0.00 0 0
Others 332,147 0.28 332,147 28
Trusts 0 0.00 0 0
Venture Capital Funds 0 0.00 0 0
Sub total 31,789,716 26.68 31,789,716 294
2] Non Institution
Bodies Corporate 424,644 0.36 424,144 883
Clearing Members 4,133 0.00 4,133 5
Directors of their Relatives 2,869 0.00 2,869 1
Employees 0 0.00 0 0
Escrow Account 0 0.00 0 0
Foreign Corporate Bodies 0 0.00 0 0
Foreign Direct Investments 0 0.00 0 0
NRIs/Foreign Individuals/Foreign Nationals 474,246 0.40 474,246 3,779
Foreign Non Institution Other 0 0.00 0 0
Hindu Undivided Families 118,195 0.10 118,195 1,532
Indian Public 0 0.00 0 0
Individuals holding nominal share capital in excess of Rs. 1 lakh 377,086 0.32 377,086 3
Individuals holding nominal share capital up to Rs. 1 lakh 5,462,897 4.58 5,365,021 85,301
Market Maker 0 0.00 0 0
NSDL Transit 0 0.00 0 0
Shares in transit 0 0.00 0 0
Societies 0 0.00 0 0
Trust & Foundation 2,342 0.00 2,342 5
Others 143,541 0.12 143,541 2
Sub Total 7,009,953 5.88 6,911,577 91,511
Total Public Shareholding
C]. Shares held by Custodians and against which Depository Receipts have been issued
ADR 0 0.00 0 0
GDR 0 0.00 0 0
Other Custodians 6,501,326 5.46 6,501,326 49
Total Shares held by Custodians and against which Depository Receipts have been issued 6,501,326 5.46 6,501,326 49
Grand Total ( A + B + C ) 119,156,300 100.00 119,057,924 91,857

Company Background

Thermax LtdElectric Equipment

  • Thermax Ltd
  • BSE Code : 4767.0
  • ISIN : INE152A01029
  • Incorporation Year

    1980

  • Registered Office

    D-13 MIDC Industrial Area
    R D Aga Road Chinchwad, Pune,
    Maharashtra-411019

  • Telephone

    91-20-66122100/66155000

  • FAX

    91-20-66122142

  • Chairman

    Meher P Pudumjee

  • Managing Director

    Ashish Bhandari

  • Company Secretary

    SANGEET KAUR HUNJAN

  • Auditor

    Price Waterhouse Chartered Accountants LLP

  • Face Value

    2

  • Listing

    NSE

  • Registrar

    KFin Techologies Ltd
    Karvy Selenium Tow-B,
    31&32 Financial Dist,Nanakramguda
    Mumbai - Hyderabad-500032

Thermax Ltd Peer Comparison

Profit & Loss
Financial Ratios
Balance Sheet
Select Company Name LTP (₹) Revenue Sales P/E Ratio ROCE %
Thermax 4,581.75 6,802.82 6,518.26 84.13 15.45
A B B 7,523.85 13,555.09 13,202.73 53.55 29.83
GE Vernova T&D 4,332.95 4,354.89 4,292.30 89.97 52.40
Siemens 3,682.55 22,869.30 22,025.40 100.18 12.29
Bharat Bijlee 2,510.05 2,314.87 2,273.80 23.62 8.29
Kaycee Inds. 934.55 53.94 53.20 59.53 26.80
CG Power & Ind 884.05 11,584.44 11,330.62 105.75 28.15
Permanent Magnet 855.00 231.66 225.46 36.06 16.75
Lak. Electrical 807.85 242.47 237.58 167.26 0.81
Modern Insulator 491.95 517.08 503.25 27.97 8.54
Jyoti 55.09 246.57 244.92 7.15 2.27