Thermax shares are trading higher in today's session, with the price rising by 2.29% to Rs 3623.80. The stock's movement is significant, reflecting notable activity during the current trading hours.
Thermax is part of the NIFTY MIDCAP 150 index. As of today's session, the stock reflects positive movement, which may be of interest to investors tracking this index.
Financial Performance
A review of Thermax's financial performance shows the following trends:
Revenue
Over the past five quarters, Thermax has demonstrated fluctuating but generally increasing revenue:
- Mar 2025: Rs 3,084.93 Cr
- Dec 2024: Rs 2,507.76 Cr
- Sep 2024: Rs 2,611.59 Cr
- Jun 2024: Rs 2,184.41 Cr
- Mar 2024: Rs 2,763.68 Cr
Net Profit
Net profit figures have also varied:
- Mar 2025: Rs 204.84 Cr
- Dec 2024: Rs 114.23 Cr
- Sep 2024: Rs 198.03 Cr
- Jun 2024: Rs 109.84 Cr
- Mar 2024: Rs 187.43 Cr
Earnings Per Share (EPS)
EPS figures reflect similar variability:
- Mar 2025: Rs 18.27
- Dec 2024: Rs 10.29
- Sep 2024: Rs 17.49
- Jun 2024: Rs 10.28
- Mar 2024: Rs 16.90
Annual Financial Highlights
The annual financial performance of Thermax provides additional context to its current market behavior. Here’s a summary of key financial metrics:
Revenue
Thermax has shown consistent growth in annual revenue over the past five years:
- 2021: Rs 4,791.25 Cr
- 2022: Rs 6,128.33 Cr
- 2023: Rs 8,089.81 Cr
- 2024: Rs 9,323.46 Cr
- 2025: Rs 10,388.69 Cr
Net Profit
Annual net profit has also increased steadily:
- 2021: Rs 206.58 Cr
- 2022: Rs 312.18 Cr
- 2023: Rs 450.93 Cr
- 2024: Rs 644.01 Cr
- 2025: Rs 626.94 Cr
EPS
The Earnings Per Share (EPS) has followed a similar growth trajectory:
- 2021: Rs 18.34
- 2022: Rs 27.73
- 2023: Rs 39.98
- 2024: Rs 57.30
- 2025: Rs 56.33
Additional Key Metrics
- BVPS (Book Value Per Share): Increased from Rs 288.76 in 2021 to Rs 438.25 in 2025.
- ROE (Return on Equity): Fluctuated, with a recent value of 12.85% in 2025.
- Debt to Equity: Increased from 0.09 in 2021 to 0.34 in 2025.
Financial Ratios
Here's an overview of Thermax's financial ratios over the past five years:
| Ratio | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 56.33 | 57.30 | 39.98 | 27.73 | 18.34 |
| Book Value/Share (Rs.) | 438.25 | 394.30 | 343.71 | 310.17 | 288.76 |
| Debt to Equity (x) | 0.34 | 0.28 | 0.21 | 0.10 | 0.09 |
| P/E (x) | 64.87 | 73.16 | 57.35 | 69.93 | 73.26 |
| P/B (x) | 8.34 | 10.64 | 6.67 | 6.26 | 4.66 |
The stock currently has a bullish sentiment, according to a Moneycontrol analysis from 2025-05-19. With the stock's current price at Rs 3623.80, Thermax is exhibiting positive momentum in today's trading session.
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