THERMAX Financial Statement Analysis
|
||
|
The Revenues of THERMAX have increased by 11.22% YoY .
The Earnings Per Share (EPS) of THERMAX has increased by 13.57 % YoY. |
||
THERMAX Last 5 Annual Financial Results
[BOM: 500411|NSE : THERMAX]
| Consolidated | Mar2026 | Mar2025 | Mar2024 | Mar2023 | Mar2022 |
|---|---|---|---|---|---|
| Revenues | ₹10,369 Cr | ₹9,323 Cr | ₹8,090 Cr | ₹6,128 Cr | ₹4,791 Cr |
| Expenses | ₹9,461 Cr | ₹8,528 Cr | ₹7,492 Cr | ₹5,724 Cr | ₹4,436 Cr |
| Operating Profit (Excl OI) | ₹908 Cr | ₹796 Cr | ₹598 Cr | ₹404 Cr | ₹355 Cr |
| Other Income | ₹252 Cr | ₹234 Cr | ₹160 Cr | ₹144 Cr | ₹108 Cr |
| Interest | ₹117 Cr | ₹88 Cr | ₹38 Cr | ₹25 Cr | ₹21 Cr |
| Depreciation | ₹159 Cr | ₹148 Cr | ₹117 Cr | ₹113 Cr | ₹115 Cr |
| Profit Before Tax | ₹884 Cr | ₹869 Cr | ₹603 Cr | ₹410 Cr | ₹275 Cr |
| Profit After Tax | ₹627 Cr | ₹643 Cr | ₹451 Cr | ₹312 Cr | ₹207 Cr |
| Consolidated Net Profit | ₹634 Cr | ₹645 Cr | ₹450 Cr | ₹312 Cr | ₹207 Cr |
| Earnings Per Share (Rs) | ₹63.96 | ₹56.32 | ₹57.31 | ₹39.99 | ₹27.74 |
| PAT Margin (%) | 6.74 | 6.04 | 6.90 | 5.57 | 5.10 |
| ROE(%) | 13.76 | 13.38 | 15.50 | 12.25 | 9.26 |
| ROCE(%) | 15.85 | 16.25 | 18.44 | 15.03 | 11.74 |
| Total Debt/Equity(x) | 0.41 | 0.34 | 0.28 | 0.21 | 0.10 |
Key Financials |
||
| Market Cap | : | ₹ 55,572.2 Cr |
| Revenue (TTM) | : | ₹ 10,686.8 Cr |
| Net Profit(TTM) | : | ₹ 720.7 Cr |
| EPS (TTM) | : | ₹ 60.5 |
| P/E (TTM) | : | 77.1 |
| Industry Peers & Returns | 1W | 1M | 1Y |
| THERMAX | -0.1% | -2.2% | 33.4% |
| BHARAT HEAVY ELECTRICALS | 3.2% | 7.6% | 66.7% |
| KIRLOSKAR OIL ENGINES | -7.3% | 13.3% | 160.4% |
| TRIVENI TURBINE | -0.4% | -9.2% | -3.3% |
| JYOTI CNC AUTOMATION | -0.4% | 10.4% | -22.1% |
| INOX INDIA | 4.6% | 3.3% | 59.2% |
| AZAD ENGINEERING | -2% | 7.6% | 49.8% |
| TEGA INDUSTRIES | -5.3% | -11.6% | -4.8% |
| ELECON ENGINEERING COMPANY | -7.3% | -16.5% | -28.9% |
THERMAX Revenues
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | 11.22 % |
| 5 Yr CAGR | 21.29 % |
| Years | Revenues | % Change | |
|---|---|---|---|
| Mar2026 | ₹10,369 Cr | 11.22 | |
| Mar2025 | ₹9,323 Cr | 15.25 | |
| Mar2024 | ₹8,090 Cr | 32.01 | |
| Mar2023 | ₹6,128 Cr | 27.91 | |
| Mar2022 | ₹4,791 Cr | - | |
THERMAX Operating Profit
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | 14.08 % |
| 5 Yr CAGR | 26.44 % |
| Years | Operating Profit | % Change | |
|---|---|---|---|
| Mar2026 | ₹908 Cr | 14.08 | |
| Mar2025 | ₹796 Cr | 33.17 | |
| Mar2024 | ₹598 Cr | 47.79 | |
| Mar2023 | ₹404 Cr | 13.83 | |
| Mar2022 | ₹355 Cr | - | |
| Operating Margins | |
|---|---|
| Y-o-Y | 2.46 % |
| 5 Yr CAGR | 4.24 % |
| Years | Operating Margin% | % Change | |
|---|---|---|---|
| Mar2026 | 8.75% | 2.46 | |
| Mar2025 | 8.54% | 15.56 | |
| Mar2024 | 7.39% | 11.97 | |
| Mar2023 | 6.6% | -10.93 | |
| Mar2022 | 7.41% | - | |
THERMAX Profit After Tax
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | -1.68 % |
| 5 Yr CAGR | 32.38 % |
| Years | Profit After Tax | % Change | |
|---|---|---|---|
| Mar2026 | ₹634 Cr | -1.68 | |
| Mar2025 | ₹645 Cr | 43.30 | |
| Mar2024 | ₹450 Cr | 44.18 | |
| Mar2023 | ₹312 Cr | 51.18 | |
| Mar2022 | ₹207 Cr | - | |
| PAT Margins | |
|---|---|
| Y-o-Y | 11.59 % |
| 5 Yr CAGR | 7.22 % |
| Years | PAT Margin(%) | % Change | |
|---|---|---|---|
| Mar2026 | 6.74 % | 11.59 | |
| Mar2025 | 6.04 % | -12.46 | |
| Mar2024 | 6.9 % | 23.88 | |
| Mar2023 | 5.57 % | 9.22 | |
| Mar2022 | 5.1 % | - | |
THERMAX Earnings Per Share (EPS)
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | 13.57 % |
| 5 Yr CAGR | 23.23 % |
| Years | EPS | % Change | |
|---|---|---|---|
| Mar2026 | ₹64 | 13.57 | |
| Mar2025 | ₹56 | -1.73 | |
| Mar2024 | ₹57 | 43.31 | |
| Mar2023 | ₹40 | 44.16 | |
| Mar2022 | ₹28 | - | |
THERMAX Return on Capital Employed (ROCE)
[BOM: 500411|NSE : THERMAX]
| Y-o-Y | -2.46 % |
| 5 Yr CAGR | 7.79 % |
| Years | ROCE | % Change | |
|---|---|---|---|
| Mar2026 | 15.85% | -2.46 | |
| Mar2025 | 16.25% | -11.88 | |
| Mar2024 | 18.44% | 22.69 | |
| Mar2023 | 15.03% | 28.02 | |
| Mar2022 | 11.74% | - | |
THERMAX Share Price vs Sensex
| Current Share Price | : | ₹4,662.1 |
| Current MarketCap | : | ₹ 55,572.2 Cr |
| Updated EOD on | : | Jul 17,2026 |
| Share Price Returns(%) | 1 Week | 1 Month | 1 Year |
| THERMAX | -0.1% |
-2.2% |
33.4% |
| SENSEX | 0.8% |
1.8% |
-6.5% |
THERMAX related INDICES
| BSE Indices | 1W | 1M | 1Y |
|---|---|---|---|
| BSE 250 LARGEMIDCAP INDEX | 0.1% | 1.5% | -1.5% |
| BSE 500 | NA | 1.6% | -1.2% |
| BSE 1000 | -0.1% | 1.7% | -0.9% |
| BSE 150 MIDCAP INDEX | -0.5% | 2.4% | 4.1% |
| BSE 400 MIDSMALLCAP INDEX | -0.6% | 2.5% | 2.6% |
| NSE Indices | 1W | 1M | 1Y |
|---|---|---|---|
| NIFTY500 SHARIAH | 0.1% | 0.2% | -4.3% |
| NIFTY ENERGY | 0.1% | -1.6% | 7.6% |
| NIFTY 500 | -0.1% | 1.5% | -0.9% |
| NIFTY TOTAL MARKET | -0.1% | 1.5% | -0.8% |
| NIFTY500 MULTICAP 50:25:25 | -0.2% | 1.8% | 0.2% |
You may also like the below Video Courses
FAQ about THERMAX Financials
How the annual revenues of THERMAX have changed ?
The Revenues of THERMAX have increased by 11.22% YoY .
How the Earnings per Share (EPS) of THERMAX have changed?
The Earnings Per Share (EPS) of THERMAX has increased by 13.57 % YoY .
Check out Intrinsic Value of Peers of THERMAX
Compare Stock Analytics of Peers of THERMAX
BHARAT HEAVY ELECTRICALS LTD vs THERMAX LTD vs KIRLOSKAR OIL ENGINES LTD
TRIVENI TURBINE LTD vs JYOTI CNC AUTOMATION LTD vs
BHARAT HEAVY ELECTRICALS LTD vs THERMAX LTD vs KIRLOSKAR OIL ENGINES LTD
TRIVENI TURBINE LTD vs JYOTI CNC AUTOMATION LTD vs
