Governance Classic Home
Thermax LtdHeavy Electrical EquipmentINE152A01029Consolidated₹3319.70+37.40 (+1.14%)
Valuation
Market Cap₹39.56K Cr
TTM PE63.04x
Forward PE59.22x
PEG-3.57
Book Value₹465.77
P/B7.13x
TTM EPS₹52.66
Fwd EPS₹56.05
TTM Revenue₹10.84K Cr
TTM PAT₹590.60 Cr
TTM EBITDA₹869.78 Cr
TTM EBIT₹651.50 Cr
Last Qtr PAT₹21.79 Cr
Last Qtr EBITDA₹68.62 Cr
Last Qtr EBIT₹9.10 Cr
Profitability
ROE10.64%
ROCE12.44%
TTM NPM5.45%
TTM EBITDA %8.02%
Curr OPM0.92%
Last OPM7.02%
Curr NPM—
Last NPM—
Curr EPS₹2.24
Last EPS₹21.68
Balance sheet
Equity₹22.53 Cr
Reserve₹5.53K Cr
Total Debt₹2,352.53 Cr
D/E0.42x
Interest %161.31%
Curr Interest₹35.15 Cr
Price / range
Close₹3319.70
vs 52W High—
vs 52W Low—
MA50—
MA200—
Returns
1D+1.14%
1W+3.96%
1M+2.83%
3M-18.33%
6M-19.30%
1Y+1.85%
2Y-33.83%
3Y+12.60%
5Y+140.21%
Diwali+8.44%
Sector peers — Heavy Electrical Equipment
CompanyCloseMkt CapTTM P/EROE
BHEL418.10₹1.46L Cr50.5610.76%
ABB6628.00₹1.40L Cr90.3038.13%
CGPOWER808.80₹1.27L Cr92.6515.62%
POWERINDIA28200.00₹1.26L Cr109.2622.23%
SIEMENS3432.00₹1.22L Cr37.4023.68%
GVTD4145.00₹1.06L Cr81.3173.60%
ENRIN2859.00₹1.02L Cr68.4130.92%
SUZLON38.59₹52.92K Cr23.5321.98%

Financial Results

Quarterly and yearly P&L · YoY % on Revenue, Total Income, Expenditure, EBITDA, EBIT, PBT, Net Profit and EPS

Standalone

16 lines · 6 periods
MetricJun-26Mar-26Dec-25Sep-25Jun-25FY25-26
Revenue1,302.95+10.2%2,225.851,599.011,504.601,182.666,518.26
Other Income35.2732.8638.70178.0534.85284.56
Total Income1,338.22+9.9%2,258.711,637.711,682.651,217.516,802.82
Interest5.897.978.495.013.4024.87
Expenditure-1,362.60-17.9%-2,224.18-1,495.60-1,429.24-1,155.59-6,095.80
PBDT000000
EBITDA-27.72-150.7%244.97138.9210654.63544.52
Depreciation-26.04-235.33-27.02-25.63-24.16-97.19
EBIT-53.76-276.4%9.64111.9080.3730.47447.33
PBT-24.38-139.4%36.99227.49253.4161.92794.86
Tax6.28-51-52.01-27.49-15.45-145.95
Equity23.8323.8323.83023.8323.83
OPM-1.821.6413.8916.845.0911.68
Net Profit-18.10-138.9%-14.01175.48225.9246.47648.91
NPM-1.35-0.6210.7115.023.829.54
EPS-1.52-139.0%16.8714.7318.963.9054.46

Yearly results

Last 6 financial years · YoY % vs previous FY

Yearly

17 lines · 6 years
MetricFY 25-26FY 24-25FY 23-24FY 22-23FY 21-22FY 20-21
Revenue6,518.26+4.2%6,254.07+7.4%5,821.93+13.2%5,141.16+28.0%4,015.39+28.2%3,131.48
Other Income284.56202.53193.49136.34124.56140.40
Total Income6,802.82+5.4%6,456.60+7.3%6,015.42+14.0%5,277.50+27.5%4,139.95+26.5%3,271.88
Expenditure-6,095.80-4.4%-5,837.19-7.4%-5,437.44-12.0%-4,853.21-25.4%-3,869.89-29.6%-2,985.93
Interest-24.87-31.40-23.84-19.58-13.33-8.57
PBDT000000
EBITDA544.52+3.4%526.67+9.5%481.07+26.4%380.68+68.4%226.02+3.6%218.11
Depreciation-97.19-78.39-72.74-73.15-67.19-63.99
EBIT447.33-0.2%448.28+9.8%408.33+32.8%307.53+93.6%158.83+3.1%154.12
PBT794.86+11.5%713.14+22.9%580.06+34.4%431.49+68.5%256.06+40.0%182.92
Tax-145.95-141-142.62-102.23-55.27-41.90
Equity23.8323.830000
OPM (%)11.6811.0510.008.006.006.00
Net Profit648.91+13.4%572.14+30.8%437.44+32.9%329.26+64.0%200.79+42.4%141.02
NPM (%)9.548.867.006.005.004.00
EPS (Rs)54.46+13.4%48.02+30.8%36.71+32.9%27.63+64.0%16.85+42.4%11.83
CEPS54.4648.0236.7127.6316.8511.83

Consolidated

16 lines · 6 periods
MetricJun-26Mar-26Dec-25Sep-25Jun-25FY25-26
Revenue2,302.73+7.1%3,428.042,634.682,473.902,150.1810,694.20
Other Income68.1953.7162.7385.4165.63267.48
Total Income2,370.92+7.0%3,481.752,697.412,559.312,215.8110,961.63
Interest35.1542.3534.2432.1730.20138.96
Expenditure-2,328.78-16.2%-3,150.09-2,467.38-2,385.51-2,004.16-10,014.50
PBDT000000
EBITDA68.62-69.5%374.31254.82172.03225.101,026.30
Depreciation-59.52-54.01-53.28-51.47-48.88-207.64
EBIT9.10-94.8%320.30201.54120.56176.22818.66
PBT42.14-80.1%334.12288.78173.80211.651,008.34
Tax-20.35-89.73-83.66-54.27-60.02-287.68
Equity22.5322.5322.53022.5322.53
OPM1.789.6010.716.799.559.20
Net Profit21.79-85.6%244.40205.01119.40151.45720.26
NPM0.927.027.604.676.836.57
EPS2.24-83.4%21.6818.1210.6213.5363.95

Yearly results

Last 6 financial years · YoY % vs previous FY

Yearly

17 lines · 6 years
MetricFY 25-26FY 24-25FY 23-24FY 22-23FY 21-22FY 20-21
Revenue10,694.15+2.9%10,388.69+11.4%9,323.46+15.2%8,089.81+32.0%6,128.33+27.9%4,791.25
Other Income267.48252.22232.57160.18127.01107.74
Total Income10,961.63+3.0%10,640.91+11.4%9,556.03+15.8%8,249.99+31.9%6,255.34+27.7%4,898.99
Expenditure-10,014.50-2.6%-9,756.20-11.4%-8,761.74-14.6%-7,646.70-30.8%-5,845.37-27.9%-4,571.27
Interest-138.96-116.78-87.59-37.59-25.17-20.64
PBDT000000
EBITDA1,026.25+13.1%907.78+13.8%797.39+33.4%597.56+41.8%421.37+18.6%355.19
Depreciation-207.64-158.51-148.08-116.86-113.24-114.57
EBIT818.61+9.3%749.27+15.4%649.31+35.1%480.70+56.0%308.13+28.1%240.62
PBT1,008.34+14.0%884.71+1.7%869.78+44.2%603.29+47.2%409.97+49.0%275.19
Tax-287.68-257.77-225.77-152.36-97.79-68.61
Equity22.5322.530000
OPM (%)9.208.319.107.316.555.62
Net Profit720.26+14.9%626.70-2.6%643.19+42.7%450.70+44.3%312.31+51.2%206.58
NPM (%)6.575.896.735.464.994.22
EPS (Rs)63.95+13.5%56.33-1.7%57.30+43.3%39.98+44.2%27.73+51.2%18.34
CEPS63.9456.3157.2839.9827.7318.34

Corporate Actions

Dividends, bonus issues, and stock splits

Dividend

20
YearTypeAmountEx-Date
2026Final Dividend1403 Jul 2026
2026Special Dividend603 Jul 2026
2025Final Dividend1404 Jul 2025
2024Final Dividend1205 Jul 2024
2023Final Dividend1021 Jul 2023
2022Final Dividend921 Jul 2022
2021Final Dividend722 Jul 2021
2020Interim Dividend720 Mar 2020
2019Final Dividend725 Jul 2019
2018Final Dividend626 Jul 2018
2017Final Dividend627 Jul 2017
2016Final Dividend628 Jul 2016
2015Final Dividend716 Jul 2015
2014Final Dividend610 Jul 2014
2013Final Dividend711 Jul 2013
2012Final Dividend712 Jul 2012
2011Final Dividend907 Jul 2011
2010Final Dividend508 Jul 2010
2009Final Dividend509 Jul 2009
2008Final Dividend810 Jul 2008

Bonus

0

No bonus history.

Split

0

No split history.

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