THERMAX Financial Statement Analysis
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The Revenues of THERMAX have increased by 32.01% YoY .
The Earnings Per Share (EPS) of THERMAX has increased by 43.31 % YoY. |
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| REVENUES |
| OPERATING MARGIN |
| PROFIT AFTER TAX |
| EPS |
| ROCE |
THERMAX Last 5 Annual Financial Results
[BOM: 500411|NSE : THERMAX]
| Consolidated | Mar2024 | Mar2023 | Mar2022 | Mar2021 | Mar2020 |
|---|---|---|---|---|---|
| Revenues | ₹8,090 Cr | ₹6,128 Cr | ₹4,791 Cr | ₹5,748 Cr | ₹5,974 Cr |
| Expenses | ₹7,492 Cr | ₹5,724 Cr | ₹4,436 Cr | ₹5,348 Cr | ₹5,517 Cr |
| Operating Profit (Excl OI) | ₹598 Cr | ₹404 Cr | ₹355 Cr | ₹401 Cr | ₹457 Cr |
| Other Income | ₹160 Cr | ₹144 Cr | ₹108 Cr | ₹105 Cr | ₹150 Cr |
| Interest | ₹38 Cr | ₹25 Cr | ₹21 Cr | ₹15 Cr | ₹14 Cr |
| Depreciation | ₹117 Cr | ₹113 Cr | ₹115 Cr | ₹117 Cr | ₹92 Cr |
| Profit Before Tax | ₹603 Cr | ₹410 Cr | ₹275 Cr | ₹375 Cr | ₹410 Cr |
| Profit After Tax | ₹451 Cr | ₹312 Cr | ₹207 Cr | ₹212 Cr | ₹325 Cr |
| Consolidated Net Profit | ₹450 Cr | ₹312 Cr | ₹207 Cr | ₹212 Cr | ₹325 Cr |
| Earnings Per Share (Rs) | ₹57.31 | ₹39.99 | ₹27.74 | ₹18.35 | ₹18.87 |
| PAT Margin (%) | 6.90 | 5.57 | 5.10 | 4.31 | 3.70 |
| ROE(%) | 15.50 | 12.25 | 9.26 | 6.58 | 7.03 |
| ROCE(%) | 18.44 | 15.03 | 11.74 | 8.67 | 11.96 |
| Total Debt/Equity(x) | 0.28 | 0.21 | 0.10 | 0.10 | 0.08 |
Key Financials |
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| Market Cap | : | ₹ 42,457.8 Cr |
| Revenue (TTM) | : | ₹ 10,388.7 Cr |
| Net Profit(TTM) | : | ₹ 626.9 Cr |
| EPS (TTM) | : | ₹ 52.6 |
| P/E (TTM) | : | 67.7 |
| Industry Peers & Returns | 1W | 1M | 1Y |
| THERMAX | 5.1% | 10.1% | -33% |
| BHARAT HEAVY ELECTRICALS | 2.1% | 19.1% | 3.9% |
| JYOTI CNC AUTOMATION | -4.2% | 9.1% | 25.6% |
| TRIVENI TURBINE | 3% | 17.8% | 10.1% |
| KIRLOSKAR BROTHERS | 3.9% | 1% | 12.7% |
| ELECON ENGINEERING COMPANY | -0.5% | 10.3% | 35.2% |
| PRAJ INDUSTRIES | 9.6% | 18% | -1.6% |
| KIRLOSKAR OIL ENGINES | 5.1% | 36.4% | -27.9% |
| TEGA INDUSTRIES | -0.4% | 26% | 15.1% |
THERMAX Revenues
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | 32.01 % |
| 5 Yr CAGR | 7.87 % |
| Years | Revenues | % Change | |
|---|---|---|---|
| Mar2024 | ₹8,090 Cr | 32.01 | |
| Mar2023 | ₹6,128 Cr | 27.91 | |
| Mar2022 | ₹4,791 Cr | -16.65 | |
| Mar2021 | ₹5,748 Cr | -3.78 | |
| Mar2020 | ₹5,974 Cr | - | |
THERMAX Operating Profit
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | 47.79 % |
| 5 Yr CAGR | 6.91 % |
| Years | Operating Profit | % Change | |
|---|---|---|---|
| Mar2024 | ₹598 Cr | 47.79 | |
| Mar2023 | ₹404 Cr | 13.83 | |
| Mar2022 | ₹355 Cr | -11.36 | |
| Mar2021 | ₹401 Cr | -12.41 | |
| Mar2020 | ₹457 Cr | - | |
| Operating Margins | |
|---|---|
| Y-o-Y | 11.97 % |
| 5 Yr CAGR | -0.89 % |
| Years | Operating Margin% | % Change | |
|---|---|---|---|
| Mar2024 | 7.39% | 11.97 | |
| Mar2023 | 6.6% | -10.93 | |
| Mar2022 | 7.41% | 6.31 | |
| Mar2021 | 6.97% | -9.01 | |
| Mar2020 | 7.66% | - | |
THERMAX Profit After Tax
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | 44.18 % |
| 5 Yr CAGR | 8.46 % |
| Years | Profit After Tax | % Change | |
|---|---|---|---|
| Mar2024 | ₹450 Cr | 44.18 | |
| Mar2023 | ₹312 Cr | 51.18 | |
| Mar2022 | ₹207 Cr | -2.76 | |
| Mar2021 | ₹212 Cr | -34.72 | |
| Mar2020 | ₹325 Cr | - | |
| PAT Margins | |
|---|---|
| Y-o-Y | 23.88 % |
| 5 Yr CAGR | 16.86 % |
| Years | PAT Margin(%) | % Change | |
|---|---|---|---|
| Mar2024 | 6.9 % | 23.88 | |
| Mar2023 | 5.57 % | 9.22 | |
| Mar2022 | 5.1 % | 18.33 | |
| Mar2021 | 4.31 % | 16.49 | |
| Mar2020 | 3.7 % | - | |
THERMAX Earnings Per Share (EPS)
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | 43.31 % |
| 5 Yr CAGR | 32.01 % |
| Years | EPS | % Change | |
|---|---|---|---|
| Mar2024 | ₹57 | 43.31 | |
| Mar2023 | ₹40 | 44.16 | |
| Mar2022 | ₹28 | 51.17 | |
| Mar2021 | ₹18 | -2.76 | |
| Mar2020 | ₹19 | - | |
THERMAX Return on Capital Employed (ROCE)
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | 22.69 % |
| 5 Yr CAGR | 11.43 % |
| Years | ROCE | % Change | |
|---|---|---|---|
| Mar2024 | 18.44% | 22.69 | |
| Mar2023 | 15.03% | 28.02 | |
| Mar2022 | 11.74% | 35.41 | |
| Mar2021 | 8.67% | -27.51 | |
| Mar2020 | 11.96% | - | |
THERMAX Share Price vs Sensex
| Current Share Price | : | ₹3,561.9 |
| Current MarketCap | : | ₹ 42,457.8 Cr |
| Updated EOD on | : | Jun 09,2025 |
| Share Price Returns(%) | 1 Week | 1 Month | 1 Year |
| THERMAX | 5.1% |
10.1% |
-33% |
| SENSEX | 1.3% |
2.6% |
7.8% |
THERMAX related INDICES
| BSE Indices | 1W | 1M | 1Y |
|---|---|---|---|
| BSE ALLCAP | 6.4% | 8.9% | 7.5% |
| BSE MIDSMALLCAP | 4.7% | 9% | 8.4% |
| BSE LARGEMIDCAP | 4.5% | 7.2% | 8.3% |
| BSE 500 SHARIAH | 4.3% | 4.3% | 1.1% |
| BSE 400 MIDSMALLCAP INDEX | 3% | 12.2% | 8.2% |
| NSE Indices | 1W | 1M | 1Y |
|---|---|---|---|
| NIFTY MIDCAP150 MOMENTUM 50 | 4.3% | 12.2% | 2.2% |
| NIFTY MIDSMALLCAP400 MOMENTUM QUALITY 100 INDEX | 3.6% | 13% | 2% |
| NIFTY MIDSMALLCAP 400 | 3.2% | 13.1% | 10% |
| NIFTY MIDCAP 150 | 3.1% | 11.8% | 10.2% |
| NIFTY 500 EQUAL WEIGHT | 2.8% | 13.3% | 8.2% |
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FAQ about THERMAX Financials
How the annual revenues of THERMAX have changed ?
The Revenues of THERMAX have increased by 32.01% YoY .
How the Earnings per Share (EPS) of THERMAX have changed?
The Earnings Per Share (EPS) of THERMAX has increased by 43.31 % YoY .
Check out Intrinsic Value of Peers of THERMAX
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