Thermax shares rise 2.26% in Tuesday's trading session

Thermax shares demonstrated positive momentum, rising by 2.26% to reach Rs 3,395.80 in Tuesday's trading session. This increase reflects a notable shift in investor activity, positioning the stock among the gainers on the Nifty Midcap 150 index. The stock's performance is a 2.26 percent increase from its previous close as of 12:16 pm.

Thermax Limited's financial performance reveals consistent growth over the past few years. Consolidated annual revenue increased from Rs 4,791.25 Crore in March 2021 to Rs 10,388.69 Crore in March 2025. Net profit also showed a positive trend, rising from Rs 206.58 Crore in March 2021 to Rs 626.94 Crore in March 2025. The company's earnings per share (EPS) increased from Rs 18.34 in 2021 to Rs 56.33 in 2025.

Here's a summary of Thermax's key annual financial data:

The company's consolidated quarterly financial results indicate the following trends:
The income statement provides further insight into Thermax's financial performance. Sales increased from Rs 4,791 Crore in March 2021 to Rs 10,388 Crore in March 2025. Thermax also reported other income, which increased from Rs 107 Crore in March 2021 to Rs 252 Crore in March 2025. Total income grew from Rs 4,898 Crore to Rs 10,640 Crore during the same period. The company's total expenditure also increased, rising from Rs 4,603 Crore in March 2021 to Rs 9,639 Crore in March 2025.

Key financial ratios for Thermax include a debt-to-equity ratio of 0.34 and an interest coverage ratio of 9.93 as of March 2025. The return on net worth/equity was 12.85%, and the return on assets was 5.27% at the end of March 2025.

Thermax announced an analyst/investor meet scheduled for September 10, 2025. Additionally, the company completed the acquisition of a stake in Thermax Bioenergy Solutions Private Limited (TBSPL) as of August 20, 2025.

The company announced a final dividend of Rs 14 per share, which is 700%, with an effective date of July 4, 2025.

Shares of Thermax were trading positively, reflecting a notable increase in investor confidence and market activity as of 12:16 pm.