Thermax share news, announcements and annual reports
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 ₹3,153.30down ₹33.70 (1.06%)BSE ₹3,150.45
Share price at the NSE close on 27 Oct 2026. Previous close ₹3,187.00.
27 Oct: open ₹3,159.70, high ₹3,195.50, low ₹3,130.00
52-week range of traded prices to 27 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
- ₹37,574 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
- 63.32
- 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.
- 70.61
- 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
- 6.77
- 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
- 1,28,17267.5% delivered
Thermax has 808 announcements on record, routine notices left out; 3 in the 30 days to 28 Oct 2026, the latest on 12 Oct 2026.
Next board meeting and results date
As the company gave notice to the exchange.Thermax quarterly results
Nov5Thu
The board meets on 5 Nov 2026 to consider financial results
Notice filed 12 Oct 2026
To consider and approve the financial results for the period ended September 30, 2026
Thermax annual reports, presentations and earnings calls
The company's own documents, latest first.Thermax financials, year by year
Annual reports16
- Annual report, year to Mar 20263 Jul 2026
- Annual report, year to Mar 20255 Jul 2025
- Annual report, year to Mar 20248 Jul 2024
- Annual report, year to Mar 20235 Jul 2023, a zip file
- Annual report, year to Mar 20228 Jul 2022, a zip file
11 earlier reports
- Annual report, year to Mar 202112 Jul 2021, a zip file
- Annual report, year to Mar 201915 Jul 2019, a zip file
- Annual report, year to Mar 201820 Aug 2018, a zip file
- Annual report, year to Mar 201711 Aug 2017, a zip file
- Annual report, year to Mar 201619 Aug 2016, a zip file
- Annual report, year to Mar 20153 Jul 2015, a zip file
- Annual report, year to Mar 20141 Jul 2014, a zip file
- Annual report, year to Mar 201222 Oct 2013, a zip file
- Annual report, year to Mar 20134 Sep 2013, a zip file
- Annual report, year to Mar 201122 Jul 2011, a zip file
- Annual report, year to Mar 201018 Aug 2010, a zip file
Investor presentations29
- Investor Presentation31 Jul 2026
- Investor Presentation30 Jul 2026
- Investor Presentation7 May 2026
- Investor Presentation2 Feb 2026
- Investor Presentation11 Nov 2025
24 earlier presentations
- Investor Presentation31 Jul 2025
- Investor Presentation9 May 2025
- Investor Presentation4 Feb 2025
- Investor Presentation13 Nov 2024
- Investor Presentation1 Aug 2024
- Investor Presentation10 May 2024
- Investor Presentation8 Feb 2024
- Investor Presentation3 Nov 2023
- Investor Presentation1 Aug 2023
- Investor Presentation17 May 2023
- Investor Presentation8 Feb 2023
- Investor Presentation11 Nov 2022
- Investor Presentation2 Aug 2022
- Investor Presentation20 May 2022
- Investor Presentation4 Feb 2022
- Investor Presentation11 Nov 2021
- Investor Presentation10 Nov 2021
- Investor Presentation6 Aug 2021
- Investor Presentation25 May 2021
- Investor Presentation3 Feb 2021
- Investor Presentation4 Nov 2020
- Investor Presentation12 Aug 2020
- Presentation of the Chairperson at the Annual General Meeting of the Company.1 Aug 2013, a zip file
- Presentation of the Chairperson at the AGM held on July 26, 2012.30 Jul 2012, a zip file
Earnings calls37
- Transcript6 Aug 2026
- Link of Recording31 Jul 2026
- Transcript12 May 2026
- Link of Recording8 May 2026
- Transcript9 Feb 2026
32 earlier call documents
- Link of Recording5 Feb 2026
- Transcript17 Nov 2025
- Link of Recording12 Nov 2025
- Transcript5 Aug 2025
- Link of Recording1 Aug 2025
- Transcript16 May 2025
- Link of Recording12 May 2025
- Transcript11 Feb 2025
- Link of recordings7 Feb 2025
- Transcript19 Nov 2024
- Link of Recording14 Nov 2024
- Transcript6 Aug 2024
- Link of Recording2 Aug 2024
- Transcript16 May 2024
- Link of Recording13 May 2024
- Transcript16 Feb 2024
- Link of Recording12 Feb 2024
- Transcript9 Nov 2023
- Link of Recording6 Nov 2023
- Transcript7 Aug 2023
- Link of Recording2 Aug 2023
- Transcript22 May 2023
- Link of Recording18 May 2023
- Transcript16 Feb 2023
- Link of Recording13 Feb 2023
- Transcript of Analysts/Institutional Investor Meet/Con. Call18 Nov 2022
- Recording of Analysts/Institutional Investor Meet/Con. Call14 Nov 2022
- Transcript of Analysts/Institutional Investor Meet/Con. Call9 Aug 2022
- Recording of Analysts/Institutional Investor Meet/Con. Call3 Aug 2022
- Transcript of Analysts/Institutional Investor Meet/Con. Call held on May 23, 2022.27 May 2022
- Audio Recording of Analysts/Institutional Investor Meet/Con. Call.23 May 2022
- Transcript10 Feb 2022
Thermax merger and demerger filings
Filings about a merger, demerger or scheme of arrangement, latest first.
Filings1
- Amalgamation/Merger4 Feb 2026
Thermax share news and announcements
Newest first. Page 1 of 17.
Oct 2026
12 Oct · Board meeting
9 Oct · Updates
Sep 2026
30 Sep · Business
15 Sep · Business
Jul 2026
30 Jul · Meeting
30 Jul · Results
21 Jul · Analysts
14 Jul · Board meeting
3 Jul · General Updates
3 Jul · Meeting
Jun 2026
25 Jun · General Updates
May 2026
25 May · Analysts
20 May · Updates
19 May · Legal
Exchange has sought clarification from Thermax Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Financial results submitted in XBRL with discrepancies. The response of the Company is awaited.7 May · Results
4 May · Analysts
Apr 2026
9 Apr · Business
2 Apr · Legal
Mar 2026
31 Mar · Legal
27 Mar · Business
16 Mar
Feb 2026
27 Feb · Business
4 Feb · Business
2 Feb · Board meeting
2 Feb · Results
Jan 2026
31 Jan · Analysts
28 Jan
20 Jan · Rating
16 Jan · Management
13 Jan · Rating
6 Jan · Board meeting
3 Jan
1 Jan · Legal
Dec 2025
16 Dec
How the price met the news
The latest 30. The first session after each announcement, beside the market.
That dayThe first session's move. The first session's close after the announcement against the close before it, as a per cent change, on prices adjusted for splits and bonuses.Against the Nifty 500Against the Nifty 500. The share's move less the Nifty 500's move the same session, in percentage points (pts).Market median on that newsThe market's median move on that news. The middle first-session move of every listed company that filed the same kind of announcement, half moving more and half less.Five sessionsFive sessions' move. The close five sessions after the announcement against the close before it, as a per cent change.Five sessions against the Nifty 500Five sessions against the Nifty 500. The share's five-session move less the Nifty 500's move over the same five sessions, in percentage points (pts).Volume, times usualVolume, times usual. The session's shares traded divided by the average of the twenty sessions before it.Delivery against usualDelivery against usual. The share of the session's volume delivered into demat accounts, rather than bought and sold again the same day, less its average over the twenty sessions before, in percentage points (pts). Delivery against usual in the glossary
- 31 Jul 2026Resultsup 1.28%+0.8 pts vs Nifty 500market median −0.7% · five sessions −6.1% (−7.7 pts vs Nifty 500) · volume 19.0× usual · delivery −24.1 pts against usual · The announcement
- 1 Jul 2026Board or managers changeddown 0.76%−1.3 pts vs Nifty 500market median 0.0% · five sessions −8.7% (−10.4 pts vs Nifty 500) · volume 0.6× usual · delivery +11.4 pts against usual · The announcement
- 8 May 2026Resultsup 11.84%+12.3 pts vs Nifty 500market median −0.7% · five sessions +9.9% (+12.5 pts vs Nifty 500) · volume 14.2× usual · delivery −28.9 pts against usual · The announcement
- 3 Feb 2026Resultsup 4.25%+1.6 pts vs Nifty 500market median −0.7% · five sessions +2.2% (−1.5 pts vs Nifty 500) · volume 4.2× usual · delivery −4.2 pts against usual · The announcement
- 20 Jan 2026Credit ratingdown 0.55%+1.3 pts vs Nifty 500market median 0.0% · five sessions −3.6% (−1.3 pts vs Nifty 500) · volume 0.8× usual · delivery −6.7 pts against usual · The announcement
- 19 Jan 2026Board or managers changeddown 1.10%−0.6 pts vs Nifty 500market median 0.0% · five sessions −1.7% (+1.6 pts vs Nifty 500) · volume 0.3× usual · delivery −11.5 pts against usual · The announcement
- 13 Jan 2026Credit ratingup 0.50%+0.6 pts vs Nifty 500market median 0.0% · five sessions −0.9% (+1.4 pts vs Nifty 500) · volume 0.7× usual · delivery −12.7 pts against usual · The announcement
- 12 Nov 2025Resultsdown 3.36%−4.0 pts vs Nifty 500market median −0.7% · five sessions −7.1% (−7.7 pts vs Nifty 500) · volume 7.0× usual · delivery −4.5 pts against usual · The announcement
- 1 Aug 2025Resultsdown 4.10%−3.1 pts vs Nifty 500market median −0.7% · five sessions −15.5% (−14.6 pts vs Nifty 500) · volume 0.6× usual · delivery −6.4 pts against usual · The announcement
- 12 May 2025Resultsup 1.86%−2.0 pts vs Nifty 500market median −0.7% · five sessions +5.8% (+0.3 pts vs Nifty 500) · volume 2.5× usual · delivery −4.4 pts against usual · The announcement
20 earlier announcements
- 12 May 2025Dividendup 1.86%−2.0 pts vs Nifty 500market median 0.0% · five sessions +5.8% (+0.3 pts vs Nifty 500) · volume 2.5× usual · delivery −4.4 pts against usual · The announcement
- 29 Apr 2025Credit ratingdown 1.89%−1.9 pts vs Nifty 500market median 0.0% · five sessions −5.6% (−5.0 pts vs Nifty 500) · volume 0.8× usual · delivery +3.0 pts against usual · The announcement
- 4 Feb 2025Resultsdown 0.94%−2.5 pts vs Nifty 500market median −0.7% · five sessions −8.3% (−8.2 pts vs Nifty 500) · volume 2.3× usual · delivery −14.6 pts against usual · The announcement
- 2 Dec 2024Board or managers changedup 2.01%+1.4 pts vs Nifty 500market median 0.0% · five sessions +1.4% (−1.3 pts vs Nifty 500) · volume 0.7× usual · delivery +6.3 pts against usual · The announcement
- 18 Nov 2024Board or managers changeddown 2.89%−2.6 pts vs Nifty 500market median 0.0% · five sessions −11.1% (−13.8 pts vs Nifty 500) · volume 1.2× usual · delivery −6.4 pts against usual · The announcement
- 14 Nov 2024Resultsup 1.95%+1.7 pts vs Nifty 500market median −0.7% · five sessions −8.5% (−10.0 pts vs Nifty 500) · volume 1.7× usual · delivery −3.3 pts against usual · The announcement
- 1 Aug 2024Resultsup 2.14%+2.2 pts vs Nifty 500market median −0.7% · five sessions −13.4% (−10.5 pts vs Nifty 500) · volume 0.7× usual · delivery −11.0 pts against usual · The announcement
- 22 Jul 2024Board or managers changedup 0.11%−0.3 pts vs Nifty 500market median 0.0% · five sessions +1.9% (0.0 pts vs Nifty 500) · volume 2.0× usual · delivery +36.3 pts against usual · The announcement
- 13 May 2024Dividendup 0.60%+0.4 pts vs Nifty 500market median 0.0% · five sessions +7.8% (+4.9 pts vs Nifty 500) · volume 0.8× usual · delivery +12.1 pts against usual · The announcement
- 8 Feb 2024Resultsdown 2.33%−1.7 pts vs Nifty 500market median −0.7% · five sessions +2.4% (+3.3 pts vs Nifty 500) · volume 6.6× usual · delivery −25.4 pts against usual · The announcement
- 29 Dec 2023Board or managers changeddown 0.30%−0.5 pts vs Nifty 500market median 0.0% · five sessions +3.1% (+2.4 pts vs Nifty 500) · volume 0.3× usual · delivery −5.5 pts against usual · The announcement
- 6 Nov 2023Resultsdown 1.56%−2.5 pts vs Nifty 500market median −0.7% · five sessions −1.6% (−3.1 pts vs Nifty 500) · volume 1.6× usual · delivery +7.0 pts against usual · The announcement
- 31 Aug 2023Board or managers changedup 1.76%+2.0 pts vs Nifty 500market median 0.0% · five sessions +2.6% (+0.8 pts vs Nifty 500) · volume 0.5× usual · delivery +7.4 pts against usual · The announcement
- 30 Aug 2023Board or managers changeddown 1.61%−1.9 pts vs Nifty 500market median 0.0% · five sessions +0.9% (−1.0 pts vs Nifty 500) · volume 0.5× usual · delivery −1.6 pts against usual · The announcement
- 2 Aug 2023Resultsup 3.41%+4.5 pts vs Nifty 500market median −0.7% · five sessions +1.1% (+1.7 pts vs Nifty 500) · volume 5.4× usual · delivery −10.3 pts against usual · The announcement
- 18 May 2023Dividenddown 7.34%−6.9 pts vs Nifty 500market median 0.0% · five sessions −9.4% (−10.0 pts vs Nifty 500) · volume 18.2× usual · delivery −21.2 pts against usual · The announcement
- 18 May 2023Resultsdown 7.34%−6.9 pts vs Nifty 500market median −0.7% · five sessions −9.4% (−10.0 pts vs Nifty 500) · volume 18.2× usual · delivery −21.2 pts against usual · The announcement
- 8 Feb 2023Resultsup 4.55%+3.7 pts vs Nifty 500market median −0.7% · five sessions +7.0% (+6.5 pts vs Nifty 500) · volume 14.1× usual · delivery −44.4 pts against usual · The announcement
- 14 Nov 2022Resultsdown 3.78%−3.8 pts vs Nifty 500market median −0.7% · five sessions −9.9% (−9.3 pts vs Nifty 500) · volume 1.4× usual · delivery +2.3 pts against usual · The announcement
- 3 Aug 2022Resultsdown 3.90%−3.9 pts vs Nifty 500market median −0.7% · five sessions +1.0% (+0.3 pts vs Nifty 500) · volume 4.4× usual · delivery +13.2 pts against usual · The announcement
Thermax results filing dates and deadlines
Listed companies must file quarterly results within 45 days, and the year's within 60.
Days to fileDays to file. The days from the period's end to the day the results reached the exchange.DeadlineDeadline, days. The days the rules allow from the period's end: 45 for a quarter or half year, and 60 for the year and the March quarter filed with it. A company that listed after the period ended has until 21 days after its listing where that is later.
Figures filed again
Lines the company later filed with a different value, rupee lines in ₹ crore and per-share lines in rupees.
| Line | Period | Accounts | First filed | Filed again | Change. The value filed again less the value first filed, as a per cent of the first. | First filed on | Filed again on |
|---|---|---|---|---|---|---|---|
| Total comprehensive income | Quarter to Mar 2026 | Standalone | −24.73 | 190.32 | +869.6% | 7 May 2026 | 20 May 2026 |
| Other income | Quarter to Mar 2026 | Standalone | 32.86 | 32.96 | +0.3% | 7 May 2026 | 20 May 2026 |
| Total income | Quarter to Mar 2026 | Standalone | 2,258.71 | 2,258.81 | 0.0% | 7 May 2026 | 20 May 2026 |
| Net profit | Quarter to Mar 2026 | Standalone | −14.01 | 201.04 | +1,535.0% | 7 May 2026 | 20 May 2026 |
| Profit before one-off items and tax | Quarter to Mar 2026 | Standalone | 34.53 | 249.58 | +622.8% | 7 May 2026 | 20 May 2026 |
| Net profit from continuing businesses | Quarter to Mar 2026 | Standalone | −14.01 | 201.04 | +1,535.0% | 7 May 2026 | 20 May 2026 |
| Depreciation and amortisation | Quarter to Mar 2026 | Standalone | 235.33 | 20.38 | −91.3% | 7 May 2026 | 20 May 2026 |
| Total expenses | Quarter to Mar 2026 | Standalone | 2,224.18 | 2,009.23 | −9.7% | 7 May 2026 | 20 May 2026 |
| Profit before tax | Quarter to Mar 2026 | Standalone | 36.99 | 252.04 | +581.4% | 7 May 2026 | 20 May 2026 |
| Total income | Quarter to Jun 2025 | Standalone | 1,217.51 | 1,223.65 | +0.5% | 31 Jul 2025 | 11 Nov 2025 |