Thermax Ltd. (NSE: THERMAX, BSE: 500411) is a Pune, Maharashtra-based company in the Industrial Filtration Systems industry. With a market capitalisation of ₹37,476 Cr, it ranks #245 by market cap among the 6,137 Indian listed companies on FinBizNet, and #1 of 4 in Industrial Filtration Systems. At ₹3,096.00 (as of 25 Oct 2026), the share price is 41.3% below its 52-week high of ₹5,277.80 and 12.9% above its 52-week low of ₹2,742.70. The share price is down 0.5% over one year and down 31.4% over three months.
| Current Price | ₹3,096.00 |
|---|---|
| Market Cap | ₹37,476 Cr |
| NSE Symbol | THERMAX |
| BSE Code | 500411 |
| Sector | Industrials > Capital Goods > Machinery |
| Sub-Industry | Industrial Machinery and Supplies and Components > Industrial Filtration Systems |
| P/E Ratio | 50.5 |
| Return on Equity | 13.69% |
| Return on Assets | 4.21% |
| 52-Week Range | ₹2,742.70 – ₹5,277.80 |
| 1-Year Price Change | -0.5% |
| 3-Month Price Change | -31.4% |
| Beta (1Y) | 0.71 |
| Dividend Yield | 0.43% |
| Headquarters | Pune, Maharashtra |
| Website | www.thermaxglobal.com |
| Revenue | ₹2,303 Cr |
|---|---|
| Net Profit | ₹22 Cr |
| Net Margin | 0.9% |
| EPS (Basic) | ₹2.24 |
| Basis | consolidated |
Figures in ₹ crore, parsed from the company's exchange filing (XBRL).
Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction. The Industrial Infra segment provides engineering, procurement, and construction (EPC) of power plants, infra projects, and flue gas desulphurisation projects, along with associated services and manufacturing, installation, sales and services related to boiler and heater plants. The Green solutions segment builds, owns and operates BOO models, energy management solutions, oil and gas-fired, green hydrogen projects and renewable energy (Solar/Wind). The Chemical segment offers manufacturing, inst
1. Energy-This segment offers boilers and heaters, absorption chillers/heat pumps, power plants, and solar equipment, as well as provides related services. 2. Environment-This segment offers air pollution control equipment/systems, water and waste recycle plants, and related services. 3. Chemical-This segment offers ion exchange resins; and performance, water treatment, oil field, paper, and construction chemicals. 4. Inter Segment Revenue-0
1. Industrial Products-47.7% 2. Industrial Infra-40.7% 3. Green Solutions-6.8% 4. Chemicals-7.1%
| Company | Market Cap | P/E | ROE | Latest Qtr Revenue | 1Y Change |
|---|---|---|---|---|---|
| Thermax Ltd. | ₹37,476 Cr | 50.5 | 13.69% | ₹2,303 Cr | -0.5% |
| Disa India Ltd. | ₹1,704 Cr | 31.8 | 18.75% | ₹87 Cr | -20.5% |
| Envair Electrodyne Ltd. | ₹25 Cr | 230.4 | 1.31% | — | -39.9% |
| Quality Ro Industries Ltd | ₹6 Cr | -16.1 | -3.47% | — | -83.4% |
Listed by market capitalisation. Ratios are shown for context only.
Thermax Ltd. is trading at ₹3,096.00, with a market capitalisation of ₹37,476 Cr.
Thermax Ltd. operates in the Industrials > Capital Goods > Machinery space (Industrial Machinery and Supplies and Components > Industrial Filtration Systems).
Thermax Ltd. has a P/E of 50.5 and a return on equity of 13.69%.
Thermax Ltd. is listed on the NSE under the symbol THERMAX and on the BSE under the scrip code 500411.
Thermax Ltd.'s share price is down 0.5% over one year and down 31.4% over three months. Its 52-week range is ₹2,742.70 to ₹5,277.80.
In Q1 FY27, Thermax Ltd. reported revenue of ₹2,303 Cr and net profit of ₹22 Cr, with basic EPS of ₹2.24 (consolidated, parsed from the company's exchange filing).
Data as of 25 Oct 2026. Descriptive market data only — not investment advice.