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Thermax Limited

THERMAX | NSE

3,063.70

INR

48.20

1.60%

THERMAX | NSE

About Thermax Limited

Sector

Industrials

Industry

Specialty Industrial Machinery

Earnings date

31/03/2024

As of date

05/03/2026

Close

3,063.70

Open

3,025.00

High

3,090.00

Low

3,025.00

Thermax Limited provides energy environment and chemical solutions in India and internationally. It operates through three segments: Energy Environment and Chemical. The company offers vapor absorption and hybrid chillers heat pumps chiller-heaters and heat transformers; evaporative condensers closed loop cooling towers adiabatic and dry coolers radiators and air cooled heat exchangers and condensers; EPC solutions such as cogen or trigen power plants air cooled condensers bio-CNG plants waste heat recovery power plants and refinery process units; and renewable energy solutions. It also provides oil and gas fired boilers heat recovery boilers and systems high pressure boilers lean gas and solid fuel fired boilers hot water generators waste to energy boilers fired heaters and process furnaces waste heat recovery units thermal oil heaters and vaporizers hot water and air generators energy plants and packaged and modular units as well as specialized services. In addition the company offers air pollution control and water and waste solutions; and chemicals such as ion exchange resins water and fuel treatment chemicals oil field chemicals and construction chemicals. It serves agriculture automobiles and auto components aviation biotechnology cement commercial/construction engineering and capital goods as well as food and beverages fast moving consumer goods healthcare hospitality infrastructure IT and datacenter manufacturing medical devices metals oil and gas paper and pulp pharmaceuticals power renewable energy rubber telecommunications textiles and wood industries. The company was founded in 1966 and is headquartered in Pune India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

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THERMAX | NSE

Risk
36.4
Sharpe
-0.33
Luna's Score
57/100
Recommendation
Hold

Luna says (THERMAX | NSE)

What's Working

Low 6-Month Volatility (<30%)

Low Market Beta (-0.4 to 0.8)

Low Debt to Asset (< 0.2)

Strong Revenue Growth (> 10%)

What's not Working

Price Below SMA10D

High Short-term Volatility

Midcap (2B - 10B USD)

Rich in Valuation (Price to Book > 8)

Weak Operating Margin (< 10%)

Weak Sharpe Ratio (< 0.3)

Volatility Signals

Bullish: Stable Volatility (6-month <= 1-month volatility) is positive for the stock performance.

Risk Meter

10 days

37.5%

1 month

36.4%

3 months

29.3%

6 months

25.9%

Returns

Fundamental Ratios

PE

81.97

Fwd. PE

39.37

Price to book

13.25

Debt to equity

0.29

Debt to assets

0.13

Ent. to EBITDA

48.37

Ent. to rev.

6.08

PEG

-

Other Fundamentals

EBITDA

8.34B

MarketCap

345.08B

MarketCap(USD)

3.76B

Div. yield

0.23

Op. margin

4.81

Erngs. growth

96.60

Rev. growth

13.00

Ret. on equity

15.48

Short ratio

-

Short perc.

-

Market Sentiment (SMA and Price signals)

Short-term: Bullish (SMA10D > SMA1M)

Intermediate-term: Bullish (SMA1M > SMA3M)

Long-term: Bearish (SMA6M < SMA12M)

SMAs: Stock Price Trends

Range10D

283.80

Range1M

496.80

Range3M

503.90

Volumes: Market Activity

Rel. volume

0.83

Price X volume

371.28M

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  • 1

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  • 1

Industry Comparison

ParameterCompanyIndustryIndicator
Enterprise to EBITDA48.3739.27Expensive
Ent. to Revenue6.0812.59Cheaper
PE Ratio81.9762.57Expensive
Price to Book13.2511.06Par
Dividend Yield0.230.48Poor
Std. Deviation (3M)29.2648.16Lower Risk
Debt to Equity0.29-1.03Expensive
Debt to Assets0.130.17Cheaper
Market Cap345.08B218.80BMarket Leader
  • 1

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