PatternsRadar
Sign in

THERMAXThermax Limited

NSE
Full chart
3,225.10INR-3.10 (-0.10%)Close · 6 Oct 2026
30 Jul 2026Last results
Capital GoodsSector
Electrical EquipmentIndustry
₹38,429 CrMarket cap
65.1P/E (TTM)
67.4%Delivery

Filings & corporate actions

81 results filed
CSV
Next results · Q2 FY27
Expected 3 Nov 2026 – 13 Nov 2026
Estimate: filed 34–44 days after quarter end, last 5 times
Dividend
₹20.00 per share · last 3 Jul 2026
2026
  • 30 JulresultsResults · Q1 FY27 · consolidated and standalone+1.3%NSE
  • 16 JulshareholdingShareholding · 30 Jun 2026+0.7%NSE
  • 3 JuldividendDividend · ₹20.00 per share-6.3%
  • 7 MayresultsResults · Q4 FY26 · consolidated and standalone+11.8%NSE
  • 13 AprshareholdingShareholding · 31 Mar 2026+6.3%NSE
  • 2 FebresultsResults · Q3 FY26 · consolidated and standalone+4.3%NSE
  • 8 JanshareholdingShareholding · 31 Dec 2025-0.3%NSE

Reaction to results · all yearsrose on day 0 in 43 of 78 CSV

QuarterFiledDay 0+5D+20DRel vol
Q1 FY2730 Jul 2026+1.3%-4.5%-7.2%19.0×
Q4 FY267 May 2026+11.8%+7.6%+12.3%14.2×
Q3 FY262 Feb 2026+4.3%+4.6%+6.6%4.2×
Q2 FY2611 Nov 2025-3.4%-7.8%-12.4%7.0×
Q1 FY2631 Jul 2025-4.1%-16.9%-16.7%0.6×
Q4 FY259 May 2025+1.9%+8.5%+10.0%2.5×
Q3 FY254 Feb 2025-0.9%-11.5%-9.5%2.3×
Q2 FY2513 Nov 2024+2.0%-9.4%-0.1%1.7×
Q1 FY251 Aug 2024-3.8%-15.9%-15.4%2.2×
Q4 FY2410 May 2024+0.6%+8.8%+12.7%0.8×
Q3 FY248 Feb 2024-2.3%+5.3%+8.8%6.6×
Q2 FY243 Nov 2023-1.6%-0.9%-9.1%1.6×
Q1 FY241 Aug 2023+3.4%+1.7%+11.6%5.4×
Q4 FY2317 May 2023-7.3%-7.8%-4.5%18.2×
Q3 FY237 Feb 2023+4.5%+5.6%+9.1%14.1×
Q2 FY2311 Nov 2022-3.8%-9.9%-15.2%1.4×
Q1 FY232 Aug 2022-3.9%+1.6%+15.7%4.4×
Q4 FY2220 May 2022-6.7%-7.7%-8.3%1.7×
Q3 FY224 Feb 2022+1.5%-7.2%-10.4%0.6×
Q2 FY2210 Nov 2021+13.6%+24.6%+37.7%36.2×
Q1 FY225 Aug 2021-0.6%-0.1%+2.7%1.2×
Q4 FY2126 May 2021+3.8%+1.1%-0.9%12.9×
Q3 FY213 Feb 2021+19.0%+13.4%+38.5%23.5×
Q2 FY215 Nov 2020-1.8%-0.3%+15.9%0.4×
Q1 FY2113 Aug 2020+1.0%+8.8%+0.6%1.3×
Q4 FY2019 Jun 2020-1.6%+0.2%-0.8%1.5×
Q3 FY205 Feb 2020+3.9%-1.3%-14.1%0.4×
Q2 FY2014 Nov 2019-0.2%-5.5%-6.1%3.6×
Q1 FY209 Aug 2019+0.7%-5.4%-8.7%1.7×
Q4 FY1923 May 2019+2.5%+3.8%+7.8%3.8×
Q3 FY1913 Feb 2019-1.7%-9.1%-3.1%3.1×
Q2 FY1922 Nov 2018+2.3%+6.2%+14.3%0.3×
Q1 FY1924 Aug 2018-0.1%+4.1%-6.7%2.3×
Q4 FY1822 Jun 2018-1.4%-4.8%-4.9%1.8×
Q3 FY1815 Feb 2018-2.0%-1.6%-1.1%0.4×
Q2 FY1821 Nov 2017+0.6%+7.8%+15.3%0.7×
Q1 FY1821 Aug 2017-0.6%-0.3%+3.7%0.1×
Q4 FY1719 Jun 2017+0.5%-1.4%-3.6%0.7×
Q1 FY1721 Feb 2017+0.4%+1.8%+6.5%0.1×
Q3 FY179 Feb 2017+1.5%-1.1%+0.6%0.2×
Q2 FY1721 Nov 2016+0.7%-1.0%-2.6%0.4×
Q4 FY1627 May 2016+1.3%+2.5%+7.8%0.5×
Q3 FY1630 Jan 2016-3.0%-4.6%-10.4%1.0×
Q2 FY1628 Oct 2015-5.0%-3.6%-2.6%4.2×
Q1 FY1628 Jul 2015+1.0%+0.2%-8.8%1.0×
Q4 FY1530 May 2015+1.2%-5.6%+7.6%0.6×
Q3 FY1531 Jan 2015-0.4%-3.8%+8.0%0.7×
Q2 FY1511 Nov 2014+0.7%+5.4%+0.5%0.4×
Q1 FY1524 Jul 2014+1.2%-4.7%-4.4%0.6×
Q4 FY1431 May 2014+1.5%+2.3%+6.1%1.1×
Q3 FY1422 Jan 2014+0.5%-3.4%+1.4%5.0×
Q2 FY1422 Nov 2013+1.4%+3.5%+5.1%1.1×
Q1 FY1430 Jul 2013-1.5%-6.0%-8.5%0.6×
Q4 FY1327 May 2013-0.3%-0.6%+1.2%0.1×
Q3 FY134 Feb 2013-0.6%0.0%+0.4%0.8×
Q2 FY132 Nov 2012-0.3%+2.4%+5.4%0.2×
Q1 FY1326 Jul 2012-1.9%-4.1%-2.6%3.4×
Q4 FY1214 May 2012-1.5%+2.4%+7.9%0.4×
Q3 FY122 Feb 2012+3.0%-6.7%+3.6%5.9×
Q2 FY1220 Oct 2011+0.3%+9.9%+3.4%1.6×
Q1 FY1222 Jul 2011+1.5%-7.5%-17.4%0.8×
Q4 FY113 May 2011-4.2%-7.0%-5.3%2.5×
Q3 FY1127 Jan 2011-5.3%-6.3%-14.4%3.5×
Q2 FY1127 Oct 2010+6.6%+13.2%+10.8%4.6×
Q1 FY1121 Jul 2010+2.7%-1.9%-1.9%5.3×
Q4 FY1012 May 2010+1.1%+3.8%+6.0%4.5×
Q3 FY1030 Jan 2010+0.3%-2.6%-1.9%0.7×
Q2 FY1030 Oct 2009+1.1%+5.1%+13.9%2.2×
Q1 FY1021 Jul 2009-1.1%-5.9%-12.8%5.9×
Q4 FY0919 May 2009+9.9%+1.5%+16.0%1.8×
Q3 FY0928 Jan 2009-0.1%+0.7%+0.8%1.1×
Q2 FY0925 Oct 2008-1.5%+17.9%-37.8%0.3×
Q1 FY0922 Jul 2008+4.5%+11.0%+28.0%2.1×
Q4 FY0821 May 2008-1.7%-6.8%-11.7%0.9×
Q3 FY0829 Jan 2008-1.9%-5.0%-2.0%2.3×
Q2 FY0827 Oct 2007+5.5%+2.1%-5.5%1.5×
Q1 FY0825 Jul 2007+4.1%+4.1%-2.9%5.1×
Q4 FY0729 May 2007+4.6%+2.8%+7.0%4.1×
Average+0.7%-0.1%+0.8%

Close-to-close from the session before the filing could trade. Day 0 is the first session after it.

Growth · Q1 FY27

CSV
Revenue YoY+7.1%
Profit YoY-85.6%
Interest cost YoY+20.4%
Revenue QoQ-32.8%
Profit QoQ-91.1%
CAGR2Y3Y4Y5Y6Y7Y
Revenue+6.4%+9.0%+12.7%+15.9%+13.7%—
Profit-7.7%+9.3%+15.8%+17.5%+28.0%—

Key data

CSV
Open3,230.00
Day range3,193.00 – 3,250.00
52-week range2,742.70 – 5,277.80
From 52w high-38.9%
RSI (14)26.0
ATR (14)110.57
Volume2.36L
Avg volume (20D)1.73L
Rel volume1.37×
Volatility (1Y)35.4%
Turnover₹76.3Cr
SMA 50 / 2003,820.02 / 3,777.18

Delivery percentage

Latest · 6 Oct 202667.4%
20-day avg56.2%
1-year avg52.8%
Percentile (own history)84th
Range8.3–99.1%
Sessions1,731

Over the last 20 sessions THERMAX settled 56.2% of its traded quantity, which is above average for an NSE equity. Its one-year average is 52.8%, so recent sessions are running 3.5 points higher than usual. The latest session ranks higher than 84% of the 1,731 sessions on record for it.

What delivery percentage measuresScan the whole market on delivery

IndustryHeavy Electrical Equipment

Performance returns

CSV
1D1W1M3M6M1Y
Price-0.10%-4.75%-13.63%-31.51%-2.14%+0.86%

Valuation

CSV
Market cap₹38,429 Cr
P/E (TTM)65.1
EPS (TTM)49.57
Shares outstanding11.27Cr
Listed30 Aug 1995

Ownership

CSV
Promoter—
Promoter Δ QoQ—
Public—
FII—
DII—
Pledged—

Quarterly results · consolidated

CSV
Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue (₹ Cr)2,473.92,634.73,428.02,302.7
YoY chg-5.3%+5.1%+11.1%+7.1%
Net profit (₹ Cr)119.4205.0244.421.8
YoY chg-39.7%+80.3%+18.9%-85.6%
Net margin4.8%7.8%7.1%0.9%
EPS10.6218.1221.682.24

Shareholding over time

CSV

By quarter

30 Jun 2026 · promoter 61.98% · public 32.56%
30 Sept 2021: promoter 61.98%31 Dec 2021: promoter 61.98%31 Mar 2022: promoter 61.98%30 Jun 2022: promoter 61.98%30 Sept 2022: promoter 61.98%31 Dec 2022: promoter 61.98%31 Mar 2023: promoter 61.98%30 Jun 2023: promoter 61.98%30 Sept 2023: promoter 61.98%31 Dec 2023: promoter 61.98%31 Mar 2024: promoter 61.98%30 Jun 2024: promoter 61.98%30 Sept 2024: promoter 61.98%31 Dec 2024: promoter 61.98%31 Mar 2025: promoter 61.98%30 Jun 2025: promoter 61.98%30 Sept 2025: promoter 61.98%31 Dec 2025: promoter 61.98%31 Mar 2026: promoter 61.98%30 Jun 2026: promoter 61.98%
2021-092026-06
  • Promoter
  • Public and others
Promoter
61.98%
Public
32.56%
Promoter change
0.00 pp
Filed
16 Jul 2026
FII
11.46%
DII
15.22%
Promoter pledged
0.00%

Promoter and public shares of total equity, from the pattern filed each quarter. Institutional and pledge figures come from a separate filing stage whose backfill is still running, so they are absent for almost every instrument rather than zero.

Financials · quarterly statement

CSV
₹ crore, as filed
 Q2 FY24Q3 FY24Q4 FY24AQ1 FY25Q2 FY25Q3 FY25Q4 FY25AQ1 FY26Q2 FY26Q3 FY26Q4 FY26AQ1 FY27
Revenue from operations2,302.52,324.42,763.72,184.42,611.62,507.83,084.92,150.22,473.92,634.73,428.02,302.7
Other income65.958.455.384.159.831.576.965.685.462.753.768.2
Total income2,368.32,382.82,818.92,268.52,671.42,539.33,161.82,215.82,559.32,697.43,481.82,370.9
Total expenses2,150.62,199.42,568.22,106.82,405.12,382.52,861.92,004.22,385.52,467.43,150.12,328.8
└ Finance costs19.826.627.827.529.428.731.330.232.234.242.435.2
└ Depreciation33.035.849.936.042.135.145.348.951.553.354.059.5
Profit before tax217.7309.5250.7161.7266.3156.8299.9211.7173.8288.8334.142.1
Tax expense58.972.163.351.968.342.595.160.054.383.789.720.4
Net profit158.6237.1187.6109.4198.0113.7205.6151.5119.4205.0244.421.8
EPS14.0021.1716.9010.2817.4910.2918.2713.5310.6218.1221.682.24
Net margin6.89%10.20%6.79%5.01%7.58%4.54%6.66%7.04%4.83%7.78%7.13%0.95%
PBT margin9.46%13.32%9.07%7.40%10.20%6.25%9.72%9.84%7.03%10.96%9.75%1.83%
Tax rate27.04%23.30%25.24%32.08%25.63%27.14%31.70%28.36%31.23%28.97%26.86%48.29%

A audited · R restated by a later filing · negatives in parentheses. EPS and the share count are restated onto the same split-adjusted basis as the price chart, so they can be read against it; every rupee figure is exactly as filed. A quarterly filing carries a profit and loss only — there is no balance sheet behind it, and so no debt, cash flow or return-on-capital figure here. Latest filed 30 Jul 2026.

THERMAX at a glance

  • THERMAX closed at ₹3,225.1 on 6 Oct 2026, -0.10% on the day, +0.9% over one year, 38.9% below its 52-week high of ₹5,277.8.
  • Delivery was 67.4% of traded quantity on 6 Oct 2026, the 84th percentile of its own 1,731 sessions with a reading (20-session average 56.2%, 1-year average 52.8%).
  • Market capitalisation is ₹38,429 crore at a trailing P/E of 65.1 (trailing EPS ₹49.57).
  • Q1 FY27 results (consolidated, filed 30 Jul 2026): revenue ₹2,303 crore (+7.1% year on year), net profit ₹22 crore (-85.6%); the price moved +1.3% on the first session after.
  • Promoters held 61.98% at 30 Jun 2026, unchanged on the previous filing.
  • Q2 FY27 results are expected between 3 Nov 2026 and 13 Nov 2026, going by past filing dates — an estimate, not an announcement.