Thermax Limited

Capital Goods · Electrical Equipment

NSE: THERMAX BSE: 500411
₹3392.20
Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Electrical Equipment

The largest companies in the same industry by market cap. This company ranks #11 of 95. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

CompanyMarket cap (₹ Cr)PE (TTM)ROE1Y returnDiv. yieldQualityValuationMomentum
Bharat Heavy Electricals Limited 144,680 59.9 6.1% 73.0% — 54 36 32
ABB India Limited 143,589 92.3 13.6% 30.3% 1.76% 73 0 28
Hitachi Energy India Limited 136,525 118.7 19.1% 68.9% 0.03% 81 33 31
CG Power and Industrial Solutions Limited 134,535 96.5 14.5% 15.5% 0.15% 81 0 30
Siemens Limited 132,676 107.1 11.2% 19.4% 0.48% 72 0 29
Siemens Energy India Limited 113,959 76.6 — -5.9% 0.13% 94 0 66
GE Vernova T&D India Limited 107,565 82.4 45.8% 36.7% 0.24% 94 31 31
Apar Industries Limited 72,791 59.7 18.1% 111.6% 0.35% 62 25 50
Thermax Limited (this stock) 40,420 69.2 12.9% 7.2% 0.41% 58 0 27

Quarterly Financials

Period endRevenue (₹ Cr)PBT (₹ Cr)Net profit (₹ Cr)Basic EPS
June 30, 2026 2,303 42 22 ₹
March 31, 2026 3,428 334 244 ₹
Dec. 31, 2025 2,635 289 205 ₹
Sept. 30, 2025 2,474 174 119 ₹
June 30, 2025 2,150 212 151 ₹
March 31, 2025 3,085 300 206 ₹
Dec. 31, 2024 2,508 157 114 ₹
Sept. 30, 2024 2,612 266 198 ₹
June 30, 2024 2,184 162 109 ₹
March 31, 2024 2,764 251 188 ₹
Dec. 31, 2023 2,324 309 237 ₹
Sept. 30, 2023 2,302 218 159 ₹
June 30, 2023 1,933 92 60 ₹

The detailed income statement is standalone-only: the consolidated feed carries just revenue, PBT and net profit.

Annual Financials

Year endedRevenue (₹ Cr)PBT (₹ Cr)Net profit (₹ Cr)
March 31, 2026 10,694 1,008 720
March 31, 2025 10,389 885 627
March 31, 2024 9,323 870 643
March 31, 2023 8,090 603 451

Revenue Mix

Data unavailable.

Cash Flow

Year endedOperating (₹ Cr)Investing (₹ Cr)Financing (₹ Cr)Capex (₹ Cr)Free Cash Flow (₹ Cr)
March 31, 2026 542 -587 248 952 -411
March 31, 2025 1,043 -1,241 124 903 140
March 31, 2024 247 -509 285 844 -597
March 31, 2023 460 -680 349 650 -190
March 31, 2022 325 -422 -21 84 241

Balance Sheet (consolidated)

Year endedTotal Assets (₹ Cr)Total Equity (₹ Cr)Reserves (₹ Cr)Borrowings, Current (₹ Cr)Borrowings, Non-current (₹ Cr)Current Assets (₹ Cr)Current Liabilities (₹ Cr)Cash & Equivalents (₹ Cr)Net Block (₹ Cr)Inventory (₹ Cr)
March 31, 2026 13,282 5,579 5,527 672 1,616 7,109 5,820 674 2,868 910
March 31, 2025 12,038 4,943 4,914 532 1,162 7,313 5,635 418 2,615 720
March 31, 2024 — — — — — — — — — —
March 31, 2023 — — — — — — — — — —
March 31, 2022 — — — — — — — — — —