Thermax Ltd
NSE :THERMAX BSE :500411 Sector : Capital Goods-Non Electrical EquipmentBuy, Sell or Hold THERMAX? Ask The Analyst
BSE
Apr 09, 00:00
3070.95
-158.25 (-4.90%)
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3229.20
OPEN PRICE
3156.00
volume
5393
Today's low / high
3055.00 / 3216.05
52 WK low / high
2930.05 / 5835.00
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offer price (qty)
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09 Apr 3072.40 (-4.64%) | 08 Apr 3221.95 (-0.97%) | 07 Apr 3253.50 (-8.25%) | 04 Apr 3546.20 (-0.10%) | 03 Apr 3549.65 (0.04%) | 02 Apr 3548.25 (-0.05%) | 01 Apr 3550.00 (-2.85%) | 28 Mar 3654.10 (-3.25%) | 27 Mar 3776.75 (8.60%) | 26 Mar 3477.65 (-2.52%) | 25 Mar 3567.40 (2.98%) | 24 Mar 3464.05 (-0.92%) | 21 Mar 3496.10 (-0.90%) | 20 Mar 3527.70 (4.19%) | 19 Mar 3385.70 (3.31%) | 18 Mar 3277.30 (1.14%) | 17 Mar 3240.30 (-3.87%) | 13 Mar 3370.70 (3.33%) | 12 Mar 3262.20 (-0.39%) | 11 Mar 3275.00 (-1.73%) | 10 Mar 3332.70 (-0.81%) |
Technical Analysis
Short Term Investors

Very Bearish
Medium Term Investors

Neutral
Long Term Investors

Very Bearish
Moving Averages
5 DMA
Bearish
3331.66
10 DMA
Bearish
3464.04
20 DMA
Bearish
3424.74
50 DMA
Bearish
3383.61
100 DMA
Bearish
3863.01
200 DMA
Bearish
4400.98
Intraday Support and Resistance
(Based on Pivot Points) undefined | BSE : 3070.95
Updated On Apr 09, 2025 04:00 PM For Next Trading Session
Pivots | Classic | Fibonacci | Camarilla | Woodie | DM |
---|---|---|---|---|---|
R3 | 3383.61 | 3313.23 | 3124.87 | - | - |
R2 | 3313.23 | 3240.34 | 3107.38 | 3300.73 | - |
R1 | 3192.81 | 3195.32 | 3089.89 | 3167.81 | 3253.03 |
P | 3122.43 | 3122.43 | 3122.43 | 3109.93 | 3152.54 |
S1 | 3002.01 | 3049.54 | 3054.91 | 2977.01 | 3062.23 |
S2 | 2931.63 | 3004.52 | 3037.42 | 2919.13 | - |
S3 | 2811.21 | 2931.63 | 3019.93 | - | - |
Key Metrics
EPS
35.72
P/E
90.4
P/B
10.73
Dividend Yield
0.37%
Market Cap
38,392 Cr.
Face Value
2
Book Value
286.09
ROE
15.48%
EBITDA Growth
219 Cr.
Debt/Equity
0.25
Shareholding History
Quarterly Result (Figures in Rs. Crores)
Thermax Ltd Quaterly Results
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | ||
INCOME | 2508.88 | 2819.08 | 2268.5 | 2671.36 | 2539.27 | |
PROFIT | 141.63 | 190.33 | 115.81 | 197.03 | 115.9 | |
EPS | 21.17 | 16.9 | 10.28 | 17.49 | 10.29 |
Thermax Ltd Quaterly Results
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | ||
INCOME | 1640.6 | 1789.49 | 1379.48 | 1556.24 | 1493.58 | |
PROFIT | 102.43 | 128.55 | 85.98 | 107.93 | 103.18 | |
EPS | 16.84 | 10.79 | 7.22 | 9.06 | 8.66 |
Profit & Loss (Figures in Rs. Crores)
Thermax Ltd Profit & Loss
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | ||
INCOME | 5404.17 | 5278.29 | 4576.64 | 4608.71 | 6141.17 | 5845.88 | 4911.15 | 6397.99 | 8220.74 | 9717.14 | |
PROFIT | 214.74 | 284.59 | 234.97 | 232.9 | 372.93 | 209.34 | 245.38 | 306.49 | 453.12 | 590.05 | |
EPS | 11 | 28.7 | 25.01 | 20.52 | 28.9 | 18.87 | 18.35 | 27.74 | 40.03 | 57.12 |
Thermax Ltd Profit & Loss
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | ||
INCOME | 4744.07 | 4458.69 | 3860.1 | 2925.36 | 3906.85 | 3384.88 | 3263.7 | 4186.76 | 5299.99 | 6130.85 | |
PROFIT | 314.27 | 299.69 | 213.8 | 256.27 | 310.23 | 226.22 | 212.92 | 205.7 | 326.46 | 436.14 | |
EPS | 26.77 | 24.97 | 12.16 | 20 | 23.1 | 17.96 | 11.84 | 16.85 | 27.63 | 36.71 |
Balance Sheet (Figures in Rs. Crores)
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
SOURCES OF FUNDS : | ||||||||||
Share Capital | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 23.83 |
Reserves Total | 4,417.28 | 3,845.55 | 3,469.97 | 3,228.87 | 3,005.38 | 2,991.77 | 2,692.22 | 2,515.1 | 2,393.64 | 2,122.58 |
Total Shareholders Funds | 4,439.8 | 3,868.07 | 3,492.49 | 3,251.39 | 3,027.9 | 3,014.29 | 2,714.74 | 2,537.62 | 2,416.16 | 2,146.41 |
Minority Interest | 0 | 2.15 | 0 | 0 | 0 | 0 | 0 | 1.39 | 0 | 78.01 |
Secured Loans | 934.31 | 437.9 | 75.18 | 89.96 | 166.33 | 165.26 | 192.31 | 134.58 | 194.08 | 682.78 |
Unsecured Loans | 343.12 | 392.63 | 292.53 | 237.93 | 63.96 | 75 | 41.41 | 1.15 | 1.28 | 4.91 |
Total Debt | 1,277.43 | 830.53 | 367.71 | 327.89 | 230.29 | 240.26 | 233.72 | 135.73 | 195.36 | 687.69 |
Other Liabilities | 169.69 | 119.03 | 137.91 | 149.05 | 103.35 | 86.87 | 82.07 | 94.2 | 99.84 | 96.38 |
Total Liabilities | 5,886.92 | 4,819.78 | 3,998.11 | 3,728.33 | 3,361.54 | 3,341.42 | 3,030.53 | 2,768.94 | 2,711.36 | 3,008.49 |
APPLICATION OF FUNDS : | ||||||||||
Gross Block | 3,228.38 | 2,469.47 | 2,351.78 | 2,328.06 | 2,255.44 | 2,236.29 | 1,741.27 | 1,515.42 | 1,437.85 | 2,051.24 |
Less: Accumulated Depreciation | 1,322.26 | 1,221.3 | 1,157.04 | 1,086.02 | 972.46 | 924.43 | 768.59 | 704.69 | 610.54 | 619.83 |
Net Block | 1,906.12 | 1,248.17 | 1,194.74 | 1,242.04 | 1,282.98 | 1,311.86 | 972.68 | 810.73 | 827.31 | 1,431.41 |
Capital Work in Progress | 524.79 | 433.77 | 44.32 | 24.16 | 56 | 40.12 | 103.37 | 141.3 | 60.01 | 42.92 |
Investments | 1,765.09 | 1,626.08 | 1,476.53 | 234.46 | 875.2 | 829.34 | 1,471.73 | 1,083.04 | 1,049.81 | 821.76 |
Inventories | 764.9 | 755.63 | 727.01 | 404.74 | 454.56 | 508.62 | 366.62 | 283.25 | 290.32 | 430.97 |
Sundry Debtors | 2,116.43 | 1,762.06 | 1,423.72 | 1,237.1 | 1,386.33 | 1,378.13 | 1,243.21 | 1,034.24 | 1,334.09 | 1,775.74 |
Cash and Bank Balance | 975.32 | 1,131.58 | 953.5 | 1,939.2 | 481.49 | 369.06 | 293.99 | 220.99 | 297.64 | 384.36 |
Loans and Advances | 1,227.97 | 1,030.12 | 867.02 | 770.17 | 838.83 | 1,706.25 | 980.66 | 959.81 | 822.79 | 772.54 |
Total Current Assets | 5,084.62 | 4,679.39 | 3,971.25 | 4,351.21 | 3,161.21 | 3,962.06 | 2,884.48 | 2,498.29 | 2,744.84 | 3,363.61 |
Current Liabilities | 3,907.44 | 3,787.77 | 3,229.72 | 2,551.28 | 2,409.25 | 3,292.5 | 2,710.62 | 2,108.91 | 2,258.56 | 2,713.15 |
Provisions | 346.37 | 228.15 | 230.19 | 220.25 | 180.69 | 156.12 | 187.41 | 166.61 | 195.6 | 367.54 |
Total Current Liabilities & Provisions | 4,253.81 | 4,015.92 | 3,459.91 | 2,771.53 | 2,589.94 | 3,448.62 | 2,898.03 | 2,275.52 | 2,454.16 | 3,080.69 |
Net Current Assets | 830.81 | 663.47 | 511.34 | 1,579.68 | 571.27 | 513.44 | -13.55 | 222.77 | 290.68 | 282.92 |
Deferred Tax Assets | 473.42 | 372.81 | 210.82 | 234.21 | 251.58 | 349.33 | 200.98 | 300.11 | 227.44 | 90.37 |
Deferred Tax Liability | 377.15 | 267.1 | 83.7 | 80.18 | 100.63 | 137.31 | 109.27 | 200.78 | 122.54 | 79.99 |
Net Deferred Tax | 96.27 | 105.71 | 127.12 | 154.03 | 150.95 | 212.02 | 91.71 | 99.33 | 104.9 | 10.38 |
Other Assets | 763.84 | 742.58 | 644.06 | 493.96 | 425.14 | 434.64 | 404.59 | 411.77 | 378.65 | 419.1 |
Total Assets | 5,886.92 | 4,819.78 | 3,998.11 | 3,728.33 | 3,361.54 | 3,341.42 | 3,030.53 | 2,768.94 | 2,711.36 | 3,008.49 |
Contingent Liabilities | 406.67 | 491.52 | 490.96 | 465.31 | 255.71 | 355.34 | 262.55 | 221.08 | 185.26 | 275.41 |
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
SOURCES OF FUNDS : | ||||||||||
Share Capital | 23.83 | 23.83 | 23.83 | 23.83 | 23.83 | 23.83 | 23.83 | 23.83 | 23.83 | 23.83 |
Reserves Total | 3,512.87 | 3,193.93 | 2,977.17 | 2,855.55 | 2,713.66 | 2,712.02 | 2,541.73 | 2,385.93 | 2,318.32 | 2,242.99 |
Total Shareholders Funds | 3,536.7 | 3,217.76 | 3,001 | 2,879.38 | 2,737.49 | 2,735.85 | 2,565.56 | 2,409.76 | 2,342.15 | 2,266.82 |
Secured Loans | 90 | 10 | 0 | 3.75 | 31.38 | 40 | 76.49 | 66.22 | 90.93 | 104.44 |
Unsecured Loans | 223.68 | 214.17 | 185.29 | 143.91 | 42.08 | 0 | 40 | 0 | 0.54 | 0.6 |
Total Debt | 313.68 | 224.17 | 185.29 | 147.66 | 73.46 | 40 | 116.49 | 66.22 | 91.47 | 105.04 |
Other Liabilities | 69.98 | 58.53 | 100.34 | 110.93 | 72.29 | 1,636.61 | 70.26 | 69.21 | 67.13 | 50.77 |
Total Liabilities | 3,920.36 | 3,500.46 | 3,286.63 | 3,137.97 | 2,883.24 | 4,412.46 | 2,752.31 | 2,545.19 | 2,500.75 | 2,422.63 |
APPLICATION OF FUNDS : | ||||||||||
Gross Block | 1,424.85 | 1,339.69 | 1,338.84 | 1,318.48 | 1,245.67 | 1,170.59 | 1,259.19 | 1,090.24 | 1,058.62 | 1,039.06 |
Less : Accumulated Depreciation | 675.34 | 625.89 | 592.74 | 547.8 | 497.59 | 457.71 | 587.71 | 535.61 | 475.04 | 429.75 |
Net Block | 749.51 | 713.8 | 746.1 | 770.68 | 748.08 | 712.88 | 671.48 | 554.63 | 583.58 | 609.31 |
Capital Work in Progress | 111.61 | 44.91 | 14.97 | 23.36 | 55.42 | 29.17 | 92.33 | 129.11 | 58.92 | 39.17 |
Investments | 2,393.25 | 2,269.89 | 1,995.25 | 903.11 | 1,409.5 | 1,424.4 | 1,795.8 | 1,404.46 | 1,378.25 | 1,257.26 |
Inventories | 397.33 | 390.78 | 370.35 | 245.94 | 255.01 | 230.44 | 298.3 | 228.65 | 224.77 | 315.95 |
Sundry Debtors | 1,501.64 | 1,210.22 | 953.37 | 823.52 | 753.36 | 836.9 | 1,139.3 | 955.37 | 1,225.43 | 1,538.72 |
Cash and Bank Balance | 346.76 | 408.48 | 441.57 | 1,386.78 | 230.12 | 118.76 | 119.35 | 70.93 | 178.36 | 257.21 |
Loans and Advances | 833.92 | 710.35 | 417.8 | 513.19 | 447.44 | 775.33 | 857.97 | 840.55 | 666.02 | 670.65 |
Total Current Assets | 3,079.65 | 2,719.83 | 2,183.09 | 2,969.43 | 1,685.93 | 1,961.43 | 2,414.92 | 2,095.5 | 2,294.58 | 2,782.53 |
Current Liabilities | 2,612.67 | 2,520.78 | 1,989.92 | 1,765.56 | 1,428.18 | 1,644.24 | 2,463.72 | 1,905.61 | 2,023.28 | 2,243.56 |
Provisions | 214.34 | 130.07 | 148.92 | 128.94 | 98.42 | 82.15 | 159.1 | 144.8 | 168.41 | 344.89 |
Total Current Liabilities & Provisions | 2,827.01 | 2,650.85 | 2,138.84 | 1,894.5 | 1,526.6 | 1,726.39 | 2,622.82 | 2,050.41 | 2,191.69 | 2,588.45 |
Net Current Assets | 252.64 | 68.98 | 44.25 | 1,074.93 | 159.33 | 235.04 | -207.9 | 45.09 | 102.89 | 194.08 |
Deferred Tax Assets | 114.25 | 101.79 | 101.65 | 102.87 | 100.23 | 123.06 | 202.03 | 184.39 | 167.87 | 84.49 |
Deferred Tax Liability | 61.76 | 53.93 | 53.01 | 49.59 | 59.85 | 73.71 | 97.86 | 80.66 | 62.61 | 66.73 |
Net Deferred Tax | 52.49 | 47.86 | 48.64 | 53.28 | 40.38 | 49.35 | 104.17 | 103.73 | 105.26 | 17.76 |
Other Assets | 360.86 | 355.02 | 437.42 | 312.61 | 470.53 | 1,961.62 | 296.43 | 308.17 | 271.85 | 305.05 |
Total Assets | 3,920.36 | 3,500.46 | 3,286.63 | 3,137.97 | 2,883.24 | 4,412.46 | 2,752.31 | 2,545.19 | 2,500.75 | 2,422.63 |
Contingent Liabilities | 1,590.17 | 3,008.83 | 2,358.09 | 2,451.58 | 2,747.55 | 1,986.6 | 502.51 | 378.93 | 496.49 | 543.39 |
Cash Flow (Figures in Rs. Crores)
Net Profit before Tax and Extr... | 869.78 |
Depreciation | 148.08 |
Interest (Net) | -3.51 |
P/L on Sales of Assets | -126.12 |
Prov. and W/O (Net) | 92.04 |
P/L in Forex | -5.64 |
Others | 59.75 |
Total Adjustments (PBT and Ext... | 39.8 |
Operating Profit before Workin... | 909.58 |
Trade and 0ther Receivables | -443.98 |
Inventories | -9.27 |
Trade Payables | 69.01 |
Total Adjustments (OP before W... | -475.95 |
Cash Generated from/(used in) ... | 433.63 |
Direct Taxes Paid | -186.33 |
Total Adjustments(Cash Generat... | -186.33 |
Cash Flow before Extraordinary... | 247.3 |
Net Cash from Operating Activi... | 247.3 |
Purchased of Fixed Assets | -843.94 |
Sale of Fixed Assets | 125.41 |
Purchase of Investments | -3,302.6 |
Sale of Investments | 3,005.25 |
Interest Received | 87.16 |
Investment in Group Cos. | -3.5 |
Net Cash used in Investing Act... | -513.68 |
Proceeds from Issue of shares ... | 0.01 |
Proceed from 0ther Long Term B... | 968.55 |
Of the Long Tem Borrowings | -537.92 |
Of Financial Liabilities | -10.15 |
Dividend Paid | -112.75 |
Interest Paid | -82.09 |
Net Cash used in Financing Act... | 285.4 |
Net Profit before Tax and Extr... | 580.06 |
Depreciation | 72.74 |
Interest (Net) | -49.36 |
Dividend Received | 4.5 |
P/L on Sales of Assets | -126.12 |
Prov. and W/O (Net) | 150.71 |
P/L in Forex | 1.16 |
Total Adjustments (PBT and Ext... | -14.88 |
Operating Profit before Workin... | 565.18 |
Trade and 0ther Receivables | -358.35 |
Inventories | -6.55 |
Trade Payables | 53.87 |
Total Adjustments (OP before W... | -351.3 |
Cash Generated from/(used in) ... | 213.88 |
Direct Taxes Paid | -123.09 |
Total Adjustments(Cash Generat... | -123.09 |
Cash Flow before Extraordinary... | 90.79 |
Net Cash from Operating Activi... | 90.79 |
Purchased of Fixed Assets | -151.37 |
Sale of Fixed Assets | 121.8 |
Purchase of Investments | -2,537.77 |
Sale of Investments | 2,505.61 |
Interest Received | 72.3 |
Invest.In Subsidiaires | -317.15 |
Loans to Subsidiaires | -552.02 |
Investment in Group Cos. | -3.5 |
Net Cash used in Investing Act... | 103.39 |
Proceed from 0ther Long Term B... | 449.8 |
Of the Long Tem Borrowings | -362 |
Of Financial Liabilities | -1.8 |
Dividend Paid | -119.32 |
Interest Paid | -18.06 |
Net Cash used in Financing Act... | -51.38 |
Company Details
Registered Office |
|
Address | D-13 MIDC Industrial Area, R D Aga Road Chinchwad |
City | Pune |
State | Maharashtra |
Pin Code | 411019 |
Tel. No. | 91-20-66122100/66155000 |
Fax. No. | 91-20-66122142 |
igkcpl@karvy.com | |
Internet | http://www.thermaxindia.com |
Registrars |
|
Address | D-13 MIDC Industrial Area |
City | Pune |
State | Maharashtra |
Pin Code | 411019 |
Tel. No. | 91-20-66122100/66155000 |
Fax. No. | 91-20-66122142 |
igkcpl@karvy.com | |
Internet | http://www.thermaxindia.com |
Management |
|
Name | Designation |
Meher P Pudumjee | Chairperson |
Pheroz Pudumjee | Non Executive Director |
Jairam Varadaraj. | Independent Director |
Nawshir Mirza | Independent Director |
Harsh Mariwala | Independent Director |
S B Ravi Pandit | Independent Director |
Rajani Kesari | Independent Director |
Ashish Bhandari | Managing Director & CEO |
Ravi Gopinath | Independent Director |
SHYAMAK RAMYAR TATA | Independent Director |
Parag Chandulal Shah | Additional Director |