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 ₹3,193.10up ₹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
Thermax disputes and clarifications
29 filed, newest first.
May 2026
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.
Apr 2026
2 Apr · Legal
Mar 2026
31 Mar · Legal
Jan 2026
1 Jan · Legal
Dec 2025
May 2025
1 May · Legal
Dec 2024
20 Dec · Legal
Sep 2024
27 Sep · Legal
24 Sep · Legal
Jul 2023
27 Jul · Legal
The exchange asked on 25 Jul 2023
Dec 2022
14 Dec · Legal
Nov 2021
11 Nov · Legal
Exchange has sought clarification from Thermax Limited with respect to announcement dated 10-Nov-2021, regarding approval of Thermax Limited Employees Stock Option Plan 2021 in the Board meeting held on November 10, 2021. On basis of above the Company is required to clarify following: 1. Whether the scheme is in terms of Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable); 2. Total number of shares covered by these options; 3. Pricing formula; 4. Brief details of significant terms. The response of the Company is awaited.
Jun 2019
Apr 2019
22 Apr · Legal
Exchange has sought clarification from Thermax Limited with respect to announcement dated 12-Apr-2019, regarding Thermax acquires stake in Thermax SPX Energy Technologies Limited. On basis of above you are required to clarify following -1. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).2. Percentage of shareholding / control acquired and / or number of shares acquired;3. Nature of consideration - whether cash consideration or share swap and details of the same;4. Cost of acquisition or the price at which the shares are acquired;5. Indicative time period for completion of the acquisition;6. Brief details of any governmental or regulatory approvals required for the acquisition;7. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);8. Industry to which the entity being acquired belongs;9. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length".The response of the Company is awaited.
Mar 2019
9 Mar · Legal
Exchange has sought clarification from Thermax Limited with respect to announcement dated 25-Feb-2019, regarding " Thermax Limited has informed the Exchange that In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has entered into definitive agreement with MUTARES HOLDING-24 AG, Germany and BALCKE-DUERR GmbH, Germany, JV partners of Thermax SPX Energy Technologies Limited (TSPX) to acquire their shareholding in the TSPX a JV and subsidiary company in India. Post transfer of shares TSPX will become the wholly owned subsidiary of the Company.". On basis of above the Company is required to clarify following: 1. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). 2. Percentage of shareholding / control acquired and / or number of shares acquired; 3. Nature of consideration - whether cash consideration or share swap and details of the same; 4. Cost of acquisition or the price at which the shares are acquired; 5. Indicative time period for completion of the acquisition; 6. Brief details of any governmental or regulatory approvals required for the acquisition; 7. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); 8. Industry to which the entity being acquired belongs; 9. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length"; 10. Name of the target entity, details in brief such as size, turnover etc; The response of the Company is awaited.
Aug 2017
9 Aug · Legal
Exchange has sought clarification from Thermax Limited with respect to announcement dated 08-Aug-2017, regarding "Appointed Mr. Kedar Phadke as the Company Secretary and Key Managerial Personnel, with immediate effect.". On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment);The response of the Company is awaited.
Apr 2017
13 Apr · Legal
The exchange asked on 12 Apr 2017
Mar 2017
30 Mar · Legal
Exchange has sought clarification from Thermax Limited with respect to announcement dated 29-Mar-2017, regarding agreement to acquire a company in Poland.". On basis of above the Company is required to clarify following: 1. Name of the target entity, details in brief such as size, turnover etc; 2. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length"; 3. Industry to which the entity being acquired belongs; 4. Brief details of any governmental or regulatory approvals required for the acquisition; 5. Indicative time period for completion of the acquisition; 6. Cost of acquisition or the price at which the shares are acquired; 7. Nature of consideration - whether cash consideration or share swap and details of the same; 8. Percentage of shareholding / control acquired and / or number of shares acquired; 9. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). The response of the Company is awaited.
Nov 2016
11 Nov · Legal
Exchange has sought clarification from Thermax Limited with respect to announcement dated 10-Nov-2016 that the Board of Directors of the Company at its meeting held November 10, 2016 has approved the appointment of Mr. Harsh Mariwala as an Additional Director in the capacity of Non-Executive Independent Director of the Company with effect from November 10, 2016.On basis of above the Company is required to clarify following:1. Brief profile (in case of appointment);2. Disclosure of relationships between directors (in case of appointment of a director).The response of the Company is awaited.
Aug 2016
17 Aug · Legal
Exchange has sought clarification from Thermax Limited with respect to announcement dated 11-Aug-2016, regarding "Thermax Limited has informed the Exchange that the Board at its meeting held on August 10, 2016, has approved to make an additional investment in First Energy Private Limited (FE), the alternative energy solutions company in which the Company has acquired 33% stake in July 2015. It is proposed to make an additional investment of up to Rs. 6 crore in FE. The said investment is expected to be completed during the financial year 2016-17.".On basis of above you are required to clarify following -1. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length";2. Cost of acquisition or the price at which the shares are acquired;3. Nature of consideration - whether cash consideration or share swap and details of the same;The response of the Company is awaited.
May 2007
15 May · Legal
May 15, 2007 regarding the news item titled "Purolite of US files espionage suit against Thermax" appearing in today's (May 15, 2007) Economic Times, Pune edition. In this regard, the company has submitted to the Exchange a copy of the press release giving the Company's response on the above referred news article. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.