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    HomeNewsBusinessStocksThermax share price falls 2.03%; stock among top losers on Nifty Midcap 150

    Thermax share price falls 2.03%; stock among top losers on Nifty Midcap 150

    With the stock's last traded price at Rs 3,167.60, Thermax has seen a decline in today's session.

    Alpha Desk
    September 26, 2025 / 13:14 IST
    Disclaimer This is an AI-assisted live blog with updates from multiple sources Disclaimer
       
       
      26 Aug, 2025 12:21
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      Shares of Thermax declined by 2.03% to Rs 3,167.60 in Friday's session, making it one of the top losers on the Nifty Midcap 150 index. The decline reflects a decrease from its previous close.

      Thermax is included as one of the stocks in the benchmark Nifty Midcap 150 index.

      Financial Performance


      Here's a look at Thermax's financial performance based on consolidated figures:

      Income Statement - Quarterly


      The following table presents the quarterly income statement data:
      Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
      SalesRs 2,150 CroreRs 3,084 CroreRs 2,507 CroreRs 2,611 CroreRs 2,184 Crore
      Other IncomeRs 65 CroreRs 76 CroreRs 31 CroreRs 59 CroreRs 84 Crore
      Total IncomeRs 2,215 CroreRs 3,161 CroreRs 2,539 CroreRs 2,671 CroreRs 2,268 Crore
      Total ExpenditureRs 1,973 CroreRs 2,830 CroreRs 2,353 CroreRs 2,375 CroreRs 2,079 Crore
      EBITRs 241 CroreRs 331 CroreRs 185 CroreRs 295 CroreRs 189 Crore
      InterestRs 30 CroreRs 31 CroreRs 28 CroreRs 29 CroreRs 27 Crore
      TaxRs 60 CroreRs 95 CroreRs 42 CroreRs 68 CroreRs 51 Crore
      Net ProfitRs 151 CroreRs 204 CroreRs 114 CroreRs 198 CroreRs 109 Crore

      The revenue for the quarter-ending June 2025 was Rs 2,150.18 Crore, compared to Rs 3,084.93 Crore for the quarter-ending March 2025. Net profit for the quarter-ending June 2025 stood at Rs 151.63 Crore, up from Rs 109.84 Crore in the quarter-ending June 2024.

      Income Statement - Yearly


      The following table presents the yearly income statement data:
      Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
      SalesRs 10,388 CroreRs 9,323 CroreRs 8,089 CroreRs 6,128 CroreRs 4,791 Crore
      Other IncomeRs 252 CroreRs 232 CroreRs 160 CroreRs 127 CroreRs 107 Crore
      Total IncomeRs 10,640 CroreRs 9,556 CroreRs 8,249 CroreRs 6,255 CroreRs 4,898 Crore
      Total ExpenditureRs 9,639 CroreRs 8,598 CroreRs 7,609 CroreRs 5,820 CroreRs 4,603 Crore
      EBITRs 1,001 CroreRs 957 CroreRs 640 CroreRs 435 CroreRs 295 Crore
      InterestRs 116 CroreRs 87 CroreRs 37 CroreRs 25 CroreRs 20 Crore
      TaxRs 257 CroreRs 225 CroreRs 152 CroreRs 97 CroreRs 68 Crore
      Net ProfitRs 626 CroreRs 644 CroreRs 450 CroreRs 312 CroreRs 206 Crore

      The annual revenue for the year-ending March 2025 increased to Rs 10,388.69 Crore from Rs 9,323.46 Crore in the year-ending March 2024. The net profit saw a slight decrease to Rs 626.94 Crore for the year-ending March 2025 compared to Rs 644.01 Crore for the year-ending March 2024.

      Cash Flow

      Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
      Operating ActivitiesRs 1,042 CroreRs 247 CroreRs 459 CroreRs 324 CroreRs 769 Crore
      Investing ActivitiesRs -1,240 CroreRs -509 CroreRs -679 CroreRs -421 CroreRs -635 Crore
      Financing ActivitiesRs 123 CroreRs 285 CroreRs 348 CroreRs -20 CroreRs 77 Crore
      OthersRs 20 CroreRs -4 CroreRs 15 CroreRs 2 CroreRs 8 Crore
      Net Cash FlowRs -53 CroreRs 19 CroreRs 144 CroreRs -115 CroreRs 219 Crore

      Balance Sheet

      Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
      Share CapitalRs 22 CroreRs 22 CroreRs 22 CroreRs 22 CroreRs 22 Crore
      Reserves & SurplusRs 4,914 CroreRs 4,417 CroreRs 3,845 CroreRs 3,469 CroreRs 3,228 Crore
      Current LiabilitiesRs 5,635 CroreRs 4,725 CroreRs 4,409 CroreRs 3,758 CroreRs 3,070 Crore
      Other LiabilitiesRs 1,466 CroreRs 987 CroreRs 561 CroreRs 210 CroreRs 184 Crore
      Total LiabilitiesRs 12,038 CroreRs 10,153 CroreRs 8,838 CroreRs 7,461 CroreRs 6,506 Crore
      Fixed AssetsRs 3,288 CroreRs 2,427 CroreRs 1,678 CroreRs 1,236 CroreRs 1,263 Crore
      Current AssetsRs 7,321 CroreRs 6,448 CroreRs 6,080 CroreRs 4,737 CroreRs 4,466 Crore
      Other AssetsRs 1,427 CroreRs 1,277 CroreRs 1,079 CroreRs 1,487 CroreRs 777 Crore
      Total AssetsRs 12,038 CroreRs 10,153 CroreRs 8,838 CroreRs 7,461 CroreRs 6,506 Crore
      Contingent LiabilitiesRs 728 CroreRs 1,086 CroreRs 956 CroreRs 529 CroreRs 1,806 Crore

      Key Ratios

      RatioMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
      Basic EPS (Rs.)56.3357.3039.9827.7318.34
      Diluted Eps (Rs.)56.3157.2839.9827.7318.34
      Book Value /Share (Rs.)438.25394.30343.71310.17288.76
      Dividend/Share (Rs.)14.0012.0010.009.007.00
      Face Value22222
      Gross Profit Margin (%)11.1611.049.368.949.66
      Operating Margin (%)9.649.457.927.107.27
      Net Profit Margin (%)6.036.905.575.094.31
      Return on Networth / Equity (%)12.8514.5311.648.946.35
      ROCE (%)15.6416.2414.4611.7510.13
      Return On Assets (%)5.276.355.094.183.17
      Current Ratio (X)1.301.361.381.261.45
      Quick Ratio (X)1.171.201.211.071.32
      Debt to Equity (x)0.340.280.210.100.09
      Interest Coverage Ratios (X)9.9311.7620.1621.7922.43
      Asset Turnover Ratio (%)0.940.980.990.670.57
      Inventory Turnover Ratio (X)13.816.705.996.044.66
      3 Yr CAGR Sales (%)30.2039.5018.811.293.59
      3 Yr CAGR Net Profit (%)41.7176.5645.69-2.22-10.22
      P/E (x)64.8773.1657.3569.9373.26
      P/B (x)8.3410.646.676.264.66
      EV/EBITDA (x)35.9546.1433.6138.8029.21
      P/S (x)3.965.073.193.573.16

      Corporate Actions


      Thermax Limited announced the cessation of Fortmax Chemicals India Private Limited (FCIPL) as its wholly owned step-down subsidiary on September 16, 2025. Additionally, the company informed about investment in subsidiary on September 9, 2025 and the schedule of an analyst / investor meet on September 10, 2025.

      The company has announced final dividends over the past five years. The most recent dividend was Rs 14 per share, announced on May 9, 2025, with an effective date of July 4, 2025.

      A bonus issue was announced on May 29, 2003, with a bonus ratio of 2:1 and an ex-bonus date of September 8, 2003.

      A stock split was announced on January 31, 2006, with the old face value of Rs 10 split to a new face value of Rs 2. The ex-split date was March 31, 2006.

      Market Sentiment


      Moneycontrol analysis reported a bearish sentiment on the stock as of September 19, 2025.

      With the stock's last traded price at Rs 3,167.60, Thermax has seen a decline in today's session.

      Alpha Desk
      first published: Sep 26, 2025 01:14 pm

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