Thermax share price
NSE: THERMAXBSE: 500411Electrical EquipmentMid Cap
Thermax Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 1995 on BSE, Aug 1995 on NSE
Last close ₹3,193.10up ₹12.60 (0.40%)BSE ₹3,194.85
Share price at the NSE close on 29 Oct 2026. Previous close ₹3,180.50.
29 Oct: open ₹3,165.00, high ₹3,204.00, low ₹3,136.30
52-week range of traded prices to 29 Oct 2026
₹2,742.70Low, 8 Dec 2025₹5,277.80High, 29 Jun 2026
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹38,048 Cr212th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 64.12
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹61 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 71.50
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.86
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.63%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 11.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹61 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 10.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 8.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.41
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,01,90682.4% delivered
About Thermax
Thermax Limited, based in Pune, is an engineering company that makes equipment, systems and chemicals for clean air, clean energy and clean water, used by industries in India and abroad.12 Its equipment serves industrial heating, cooling, air pollution control and water treatment, and it sells mainly to manufacturers.3
It reports its results in 4 segments: Industrial Products, Industrial Infra, Green Solutions and Chemicals.4 Its group companies include Thermax Babcock & Wilcox Energy Solutions (TBWES), which makes steam generation systems for industry and power plants; Thermax Onsite Energy Solutions (TOESL), which owns and runs steam, heat and water plants at customers' sites; and First Energy (FEPL), which supplies solar and wind power to industrial users.567 It has 18 manufacturing locations, 14 in India and 4 abroad, a sales and service presence in more than 30 countries and installations in more than 90.8
It was incorporated in 1980.1 The business began in Mumbai in 1966 under A. S. Bhathena and listed its shares in 1995.9 Ashish Bhandari has been managing director and CEO since 2020, and Meher Pudumjee is chairperson.910 RDA Holdings Private Limited is its ultimate holding company, with 53.99% of its shares, counted before eliminating its employee trusts' holding.11
Thermax key points
Results
- Thermax's consolidated revenue was ₹10,694 crore in the year to Mar 2026, against ₹10,369 crore a year earlier. Profit before depreciation, finance cost, one-off items and tax: ₹1,294 crore, against ₹1,161 crore; shareholders' profit after tax ₹720 crore, against ₹635 crore.1213
- In the quarter to Jun 2026, Thermax's consolidated revenue was ₹2,303 crore, against ₹2,158 crore a year earlier, and profit before one-off items and tax ₹42 crore, against ₹211 crore.14
- The company attributed the lower quarterly profit mainly to a ₹91 crore cost overrun on one Industrial Infra project, a government contract.1516
Business segments
- Industrial Products (45% of gross operating revenue). Boilers, heaters, absorption chillers (coolers run on heat), heat pumps, pollution control and water treatment. Net operating revenue was ₹4,890 crore in the year to Mar 2026, against ₹4,250 crore; segment profit before interest, tax, one-off items and unallocated overheads ₹540 crore, against ₹529 crore.171819
- Industrial Infra (41% of gross operating revenue). Contract-built power plants, and high-capacity boilers and heaters. Net operating revenue was ₹4,343 crore in the year to Mar 2026, against ₹4,690 crore; segment profit before interest, tax, one-off items and unallocated overheads ₹218 crore, against ₹110 crore.172021
- Green Solutions (7% of gross operating revenue). Onsite utilities (TOESL), renewable power (FEPL) and green hydrogen. Net operating revenue was ₹717 crore in the year to Mar 2026, against ₹679 crore; segment profit before interest, tax, one-off items and unallocated overheads ₹103 crore, against ₹77 crore.222324
- Chemicals (7% of gross operating revenue). Ion exchange resins (used to purify water), water treatment and construction chemicals. Operating revenue was ₹744 crore in the year to Mar 2026, against ₹750 crore; segment profit before interest, tax, one-off items and unallocated overheads fell to ₹54 crore from ₹122 crore.2526
Where revenue comes from
Plants and capacity
- As of 3 Jul 2026, FEPL had 235.5 MWp (megawatt-peak, peak rated output) of solar, wind and hybrid capacity supplying industrial users under open access (direct purchase over the grid).29
- As of 3 Jul 2026, TOESL operated more than 47 plants and sourced more than 3,500 tonnes of biomass a day.29
- Thermax Bioenergy Solutions' 14 operational bio-CNG (compressed biogas) plants, 7 commissioned in the year to Mar 2026, produced 19,400 tonnes that year.30
Order book
- Thermax's order balance (orders received but not yet executed) was ₹14,045 crore at June 2026 end, against ₹11,376 crore a year earlier.31
- Thermax's orders booked: ₹2,809 crore in the quarter to Jun 2026, against ₹2,749 crore, and ₹13,871 crore in the year to Mar 2026, against ₹10,337 crore.3132
- In the quarter to Jun 2026, Industrial Products won a US data centre order worth more than ₹400 crore for boiler pressure parts.33
What the company expects
- On its earnings call of 31 Jul 2026, the company said it expects, hopefully, at least 20% growth in the Chemicals business.34
- On its earnings call of 31 Jul 2026, the company said TOESL is on a path to a ₹800 crore to ₹1,000 crore business within 2 years, from a run rate (annual pace) above ₹600 crore.35
- On its earnings call of 31 Jul 2026, the company said it plans to bring in a partner taking a substantial majority of FEPL in the year to Mar 2027.36
Recent events
- On 30 Sep 2026, TSA Process Equipments, which supplies water treatment systems for high-purity plants, became wholly owned after the company bought the remaining 49% at a cost of ₹42 crore, payable in one or more tranches, subject to conditions.373839
- On 30 Jul 2026, the board approved merging subsidiary Thermax Cooling Solutions into the company and moving in Thermax Bioenergy Solutions' bio-CNG EPC (engineering, procurement and construction) business, subject to tribunal approval.4041
- On 9 Apr 2026, Exactspace Technologies, which makes AI tools that predict when equipment needs maintenance, became a subsidiary at a 51% stake on a fully diluted basis.4243
- On 27 Mar 2026, TBWES signed an order of about ₹1,600 crore, excluding GST, for the boiler package of a 1 × 800 MW ultra-supercritical (very high steam pressure and temperature) thermal power plant.4445
Litigation and regulatory matters
- The excise department demanded ₹1,385.47 crore for July 2000 to June 2017 from Industrial Infra; a tax tribunal ruled for the company. The Supreme Court admitted the department's appeal on 10 Jul 2024; the annual report of 3 Jul 2026 gives no outcome.46
- On 9 Dec 2025 the High Court set aside a ₹218.45 crore arbitral award against the company, which recovered its deposit with ₹31.62 crore interest on 12 Mar 2026. The customer has appealed; the annual report gives no outcome.47
Last updated
All 47 sources, each with its page
- 1. Annual report, 3 Jul 2026, page 50
- 2. Annual report, 3 Jul 2026, page 52
- 3. Annual report, 3 Jul 2026, page 97
- 4. Annual report, 3 Jul 2026, page 172
- 5. Annual report, 3 Jul 2026, page 60
- 6. Annual report, 3 Jul 2026, page 63
- 7. Annual report, 3 Jul 2026, page 64
- 8. Investor presentation, 31 Jul 2026, page 5
- 9. Annual report, 3 Jul 2026, page 21
- 10. Annual report, 3 Jul 2026, page 131
- 11. Annual report, 3 Jul 2026, page 169
- 12. Annual report, 3 Jul 2026, page 78
- 13. Annual report, 3 Jul 2026, page 74
- 14. Investor presentation, 31 Jul 2026, page 12
- 15. Investor presentation, 31 Jul 2026, page 10
- 16. Earnings call, 31 Jul 2026, page 2
- 17. Annual report, 3 Jul 2026, page 97
- 18. Annual report, 3 Jul 2026, page 58
- 19. Annual report, 3 Jul 2026, page 58
- 20. Annual report, 3 Jul 2026, page 62
- 21. Annual report, 3 Jul 2026, page 62
- 22. Annual report, 3 Jul 2026, page 62
- 23. Annual report, 3 Jul 2026, page 65
- 24. Annual report, 3 Jul 2026, page 65
- 25. Annual report, 3 Jul 2026, page 66
- 26. Annual report, 3 Jul 2026, page 68
- 27. Annual report, 3 Jul 2026, page 25
- 28. Annual report, 3 Jul 2026, page 26
- 29. Annual report, 3 Jul 2026, page 25
- 30. Annual report, 3 Jul 2026, page 61
- 31. Investor presentation, 31 Jul 2026, page 12
- 32. Annual report, 3 Jul 2026, page 25
- 33. Investor presentation, 31 Jul 2026, page 13
- 34. Earnings call, 31 Jul 2026, page 18
- 35. Earnings call, 31 Jul 2026, page 18
- 36. Earnings call, 31 Jul 2026, page 4
- 37. Exchange filing, 30 Sep 2026, page 1
- 38. Exchange filing, 30 Sep 2026, page 3
- 39. Exchange filing, 30 Sep 2026, page 2
- 40. Exchange filing, 30 Jul 2026, page 1
- 41. Exchange filing, 30 Jul 2026, page 5
- 42. Exchange filing, 9 Apr 2026, page 1
- 43. Annual report, 3 Jul 2026, page 70
- 44. Exchange filing, 27 Mar 2026, page 1
- 45. Exchange filing, 27 Mar 2026, page 2
- 46. Annual report, 3 Jul 2026, page 164
- 47. Annual report, 3 Jul 2026, page 183
Results
Consolidated; ₹ crore.Thermax quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +4.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −11.6%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,303 Crdown 32.83%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹22 Crdown 91.08%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 0.9%
Revenue by quarter
Peak revenue ₹3,428 Cr, quarter to Mar 2026; lowest ₹2,150 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,612 | 2,508 | 3,085 | 2,150 | 2,474 | 2,635 | 3,428 | 2,303 |
| Net profit | 198 | 114 | 206 | 151 | 119 | 205 | 244 | 22 |
| Net margin | 7.6% | 4.5% | 6.7% | 7.0% | 4.8% | 7.8% | 7.1% | 0.9% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹10,694 Crup 2.94%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹720 Crup 14.93%
- Net margin
- 6.7%
Revenue by year
Peak revenue ₹10,694 Cr, year to Mar 2026; lowest ₹4,486 Cr, year to Mar 2018
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,590 | 4,486what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹21 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,973 | 5,731 | 4,791 | 6,128 | 8,090 | 9,323 | 10,389 | 10,694 |
| Net profit | 216 | 231 | 325 | 212 | 207 | 312 | 451 | 643 | 627 | 720 |
| Net margin | 4.7% | 5.2% | 5.4% | 3.7% | 4.3% | 5.1% | 5.6% | 6.9% | 6.0% | 6.7% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Industrial ProductsIndustrial Products, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,096 Crup 12.52%46.6%
- Industrial InfraIndustrial Infra, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4,348 Crdown 7.77%39.8%
- ChemicalChemical, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹758 Crdown 0.69%6.9%
- Green SolutionsGreen Solutions, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹732 Crup 6.14%6.7%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.Thermax PE ratio and valuation
Price to earnings
At or below today's level on 71% of 2,239 trading days over the last 10 years.
LowestHighest
Its median64.15Industry median33.53
Price to book
At or below today's level on 46% of 1,971 trading days since Nov 2018.
LowestHighest
Its median7.02Industry median5.23
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 79% of 2,479 trading days over the last 10 years.
LowestHighest
Its median0.42%Industry median0.35%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −10.2% | +13.5% | −21.4% | 0.6% |
| 3 years | +12.9% | +16.9% | −3.8% | 0.4% |
| 5 years | +19.8% | +28.4% | −7.0% | 0.4% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2021.
Mutual fund holdings
144 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 77 of the 96 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 144 funds holding Thermax
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 7
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 57
- CutCut. Funds that held fewer shares than at the end of the month before.
- 39
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 39
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 13
| Fund | |||
|---|---|---|---|
 SBI Large Cap FundSBI Mutual Fund | 23,43,447 | 1.52% | ₹794.9 Cr |
 Kotak Flexi Cap FundKotak Mahindra Mutual Fund | 21,75,000 | 1.39% | ₹737.8 Cr |
| SBI Focused FundSBI Mutual Fund | 19,96,057 | 1.35% | ₹677.1 Cr |
 Sundaram Mid Cap FundSundaram Mutual Fund | 9,00,000 | 2.20% | ₹305.3 Cr |
| SBI Energy Opportunities FundSBI Mutual Fund | 8,83,474 | 3.76% | ₹299.7 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 8,26,746 | 1.67% | ₹280.4 Cr |
 Aditya Birla Sun Life Midcap FundAditya Birla Sun Life Mutual Fund | 4,34,194 | 2.25% | ₹147.3 Cr |
| Sundaram Large and MidcapSundaram Mutual Fund | 3,84,230 | 1.83% | ₹130.3 Cr |
 Bajaj Finserv Flexi Cap FundBajaj Finserv Mutual Fund | 3,74,903 | 1.49% | ₹127.2 Cr |
 ICICI Prudential Multi Cap FundICICI Prudential Mutual Fund | 2,79,644 | 0.51% | ₹94.9 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Thermax insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Thermax competitors and peers
Heavy Electrical Equipment, 48 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Thermax in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 SiemensSIEMENS | 1,19,870 | 36.60 | 8.66 | −1.7% | +33.7% | 25.0% | 11.7% | 0.53% |
 GE Vernova T&D IndiaGVT&D | 1,04,749 | 80.26 | 38.94 | +43.9% | +70.6% | 58.5% | 63.5% | 0.24% |
 Siemens Energy IndiaENRIN | 1,00,152 | 67.31 | 20.81 | – | – | 34.3% | 39.2% | 0.14% |
 Suzlon EnergySUZLON | 50,573 | 22.39 | 4.92 | +33.9% | −28.8% | 24.9% | 24.8% | 0.00% |
 Schneider Electric InfrastructureSCHNEIDER | 27,035 | 147.12 | 34.91 | +9.6% | −29.5% | 27.5% | 24.7% | 0.00% |
 TD Power SystemsTDPOWERSYS | 23,127 | 84.10 | 21.58 | +54.3% | +45.3% | 28.5% | 32.8% | 0.15% |
 Azad EngineeringAZAD | 16,364 | 117.73 | 10.70 | +28.7% | +39.5% | 9.5% | 9.0% | 0.00% |
 Triveni TurbineTRITURBINE | 14,929 | 44.39 | 10.32 | +17.7% | −1.6% | 25.3% | 27.1% | 0.91% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Thermax dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹20.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 3 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹14.00 |
| 3 Jul 2026 | Special | ₹6.00 |
| 4 Jul 2025 | Final | ₹14.00 |
| 5 Jul 2024 | Final | ₹12.00 |
| 21 Jul 2023 | Final | ₹10.00 |
| 21 Jul 2022 | Final | ₹9.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Thermax announcements
Oct 2026
12 Oct · Board meeting
9 Oct · Updates
Sep 2026
30 Sep · Business
15 Sep · Business
Jul 2026
Thermax share price by year
Each calendar year to 2025.Thermax share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,022.60 | −25.2% | 4,153.55 | 2,773.80 |
| 2024 | 4,039.75 | +31.1% | 5,666.45 | 2,993.40 |
| 2023 | 3,081.50 | +56.6% | 3,161.90 | 1,900.85 |
| 2022 | 1,968.20 | +10.1% | 2,600.00 | 1,680.95 |
| 2021 | 1,786.90 | +96.8% | 1,845.85 | 904.80 |
| 2020 | 907.95 | −16.1% | 1,116.55 | 677.75 |
| 2019 | 1,082.60 | −3.4% | 1,158.00 | 941.50 |
| 2018 | 1,120.25 | −8.5% | 1,335.60 | 890.00 |
| 2017 | 1,223.75 | +64.6% | 1,227.00 | 737.60 |
| 2016 | 743.60 | −17.8% | 918.80 | 705.25 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 3,127.00 | 3,206.00 | 3,125.00 | 3,180.50 | 3,180.01 | 69,012 | 54.8% |
| 27 Oct 2026 | 3,159.70 | 3,195.50 | 3,130.00 | 3,153.30 | 3,168.20 | 1,28,172 | 67.5% |
| 26 Oct 2026 | 3,096.00 | 3,209.90 | 3,061.50 | 3,187.00 | 3,143.58 | 82,599 | 46.4% |
| 23 Oct 2026 | 3,150.00 | 3,150.00 | 3,022.60 | 3,096.00 | 3,071.03 | 1,76,739 | 57.6% |
| 22 Oct 2026 | 3,145.00 | 3,191.40 | 3,107.00 | 3,161.30 | 3,161.62 | 68,466 | 40.1% |
| 21 Oct 2026 | 3,232.00 | 3,234.90 | 3,119.80 | 3,145.00 | 3,158.66 | 1,64,913 | 53.2% |
| 19 Oct 2026 | 3,329.00 | 3,345.60 | 3,225.00 | 3,234.90 | 3,264.18 | 1,25,590 | 41.4% |
| 16 Oct 2026 | 3,302.00 | 3,361.00 | 3,245.50 | 3,326.80 | 3,317.21 | 2,88,481 | 68.9% |
| 15 Oct 2026 | 3,295.00 | 3,300.00 | 3,234.90 | 3,273.80 | 3,258.58 | 1,53,555 | 54.2% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- THERMAX
- BSE code
- 500411
- ISIN
- INE152A01029
- Industry
- Electrical Equipment
- Website
- www.thermaxindia.com
- CIN
- L29299PN1980PLC022787
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1980
- Registered office
- D-13, MIDC, Industrial Area, R D Aga Road Chinchwad, Pune 411019, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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