THERMAX · Industrials · Conglomerates
Composite scorecard: 56/100 — Quality 42 · Valuation 26 · Growth 85 · Momentum 93
| Share price | ₹4,710.50 |
| Market cap | ₹35,122 Cr |
| P/E ratio | 51.5 |
| P/B ratio | 7.0 |
| ROE | 13.0% |
| ROCE | 15.6% |
| Dividend yield | 0.45% |
| Book value | ₹448.41 |
| Year | Sales | Net profit | OPM |
|---|---|---|---|
| 2026 | ₹10,774 Cr | ₹720 Cr | 10.0% |
| 2025 | ₹10,387 Cr | ₹627 Cr | 9.0% |
| 2024 | ₹9,323 Cr | ₹643 Cr | 9.0% |
| 2023 | ₹8,090 Cr | ₹451 Cr | 7.0% |
| 2022 | ₹6,128 Cr | ₹312 Cr | 7.0% |
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 plan