Filings & corporate actions
- 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
| Quarter | Filed | Day 0 | +5D | +20D | Rel vol |
|---|---|---|---|---|---|
| Q1 FY27 | 30 Jul 2026 | +1.3% | -4.5% | -7.2% | 19.0× |
| Q4 FY26 | 7 May 2026 | +11.8% | +7.6% | +12.3% | 14.2× |
| Q3 FY26 | 2 Feb 2026 | +4.3% | +4.6% | +6.6% | 4.2× |
| Q2 FY26 | 11 Nov 2025 | -3.4% | -7.8% | -12.4% | 7.0× |
| Q1 FY26 | 31 Jul 2025 | -4.1% | -16.9% | -16.7% | 0.6× |
| Q4 FY25 | 9 May 2025 | +1.9% | +8.5% | +10.0% | 2.5× |
| Q3 FY25 | 4 Feb 2025 | -0.9% | -11.5% | -9.5% | 2.3× |
| Q2 FY25 | 13 Nov 2024 | +2.0% | -9.4% | -0.1% | 1.7× |
| Q1 FY25 | 1 Aug 2024 | -3.8% | -15.9% | -15.4% | 2.2× |
| Q4 FY24 | 10 May 2024 | +0.6% | +8.8% | +12.7% | 0.8× |
| Q3 FY24 | 8 Feb 2024 | -2.3% | +5.3% | +8.8% | 6.6× |
| Q2 FY24 | 3 Nov 2023 | -1.6% | -0.9% | -9.1% | 1.6× |
| Q1 FY24 | 1 Aug 2023 | +3.4% | +1.7% | +11.6% | 5.4× |
| Q4 FY23 | 17 May 2023 | -7.3% | -7.8% | -4.5% | 18.2× |
| Q3 FY23 | 7 Feb 2023 | +4.5% | +5.6% | +9.1% | 14.1× |
| Q2 FY23 | 11 Nov 2022 | -3.8% | -9.9% | -15.2% | 1.4× |
| Q1 FY23 | 2 Aug 2022 | -3.9% | +1.6% | +15.7% | 4.4× |
| Q4 FY22 | 20 May 2022 | -6.7% | -7.7% | -8.3% | 1.7× |
| Q3 FY22 | 4 Feb 2022 | +1.5% | -7.2% | -10.4% | 0.6× |
| Q2 FY22 | 10 Nov 2021 | +13.6% | +24.6% | +37.7% | 36.2× |
| Q1 FY22 | 5 Aug 2021 | -0.6% | -0.1% | +2.7% | 1.2× |
| Q4 FY21 | 26 May 2021 | +3.8% | +1.1% | -0.9% | 12.9× |
| Q3 FY21 | 3 Feb 2021 | +19.0% | +13.4% | +38.5% | 23.5× |
| Q2 FY21 | 5 Nov 2020 | -1.8% | -0.3% | +15.9% | 0.4× |
| Q1 FY21 | 13 Aug 2020 | +1.0% | +8.8% | +0.6% | 1.3× |
| Q4 FY20 | 19 Jun 2020 | -1.6% | +0.2% | -0.8% | 1.5× |
| Q3 FY20 | 5 Feb 2020 | +3.9% | -1.3% | -14.1% | 0.4× |
| Q2 FY20 | 14 Nov 2019 | -0.2% | -5.5% | -6.1% | 3.6× |
| Q1 FY20 | 9 Aug 2019 | +0.7% | -5.4% | -8.7% | 1.7× |
| Q4 FY19 | 23 May 2019 | +2.5% | +3.8% | +7.8% | 3.8× |
| Q3 FY19 | 13 Feb 2019 | -1.7% | -9.1% | -3.1% | 3.1× |
| Q2 FY19 | 22 Nov 2018 | +2.3% | +6.2% | +14.3% | 0.3× |
| Q1 FY19 | 24 Aug 2018 | -0.1% | +4.1% | -6.7% | 2.3× |
| Q4 FY18 | 22 Jun 2018 | -1.4% | -4.8% | -4.9% | 1.8× |
| Q3 FY18 | 15 Feb 2018 | -2.0% | -1.6% | -1.1% | 0.4× |
| Q2 FY18 | 21 Nov 2017 | +0.6% | +7.8% | +15.3% | 0.7× |
| Q1 FY18 | 21 Aug 2017 | -0.6% | -0.3% | +3.7% | 0.1× |
| Q4 FY17 | 19 Jun 2017 | +0.5% | -1.4% | -3.6% | 0.7× |
| Q1 FY17 | 21 Feb 2017 | +0.4% | +1.8% | +6.5% | 0.1× |
| Q3 FY17 | 9 Feb 2017 | +1.5% | -1.1% | +0.6% | 0.2× |
| Q2 FY17 | 21 Nov 2016 | +0.7% | -1.0% | -2.6% | 0.4× |
| Q4 FY16 | 27 May 2016 | +1.3% | +2.5% | +7.8% | 0.5× |
| Q3 FY16 | 30 Jan 2016 | -3.0% | -4.6% | -10.4% | 1.0× |
| Q2 FY16 | 28 Oct 2015 | -5.0% | -3.6% | -2.6% | 4.2× |
| Q1 FY16 | 28 Jul 2015 | +1.0% | +0.2% | -8.8% | 1.0× |
| Q4 FY15 | 30 May 2015 | +1.2% | -5.6% | +7.6% | 0.6× |
| Q3 FY15 | 31 Jan 2015 | -0.4% | -3.8% | +8.0% | 0.7× |
| Q2 FY15 | 11 Nov 2014 | +0.7% | +5.4% | +0.5% | 0.4× |
| Q1 FY15 | 24 Jul 2014 | +1.2% | -4.7% | -4.4% | 0.6× |
| Q4 FY14 | 31 May 2014 | +1.5% | +2.3% | +6.1% | 1.1× |
| Q3 FY14 | 22 Jan 2014 | +0.5% | -3.4% | +1.4% | 5.0× |
| Q2 FY14 | 22 Nov 2013 | +1.4% | +3.5% | +5.1% | 1.1× |
| Q1 FY14 | 30 Jul 2013 | -1.5% | -6.0% | -8.5% | 0.6× |
| Q4 FY13 | 27 May 2013 | -0.3% | -0.6% | +1.2% | 0.1× |
| Q3 FY13 | 4 Feb 2013 | -0.6% | 0.0% | +0.4% | 0.8× |
| Q2 FY13 | 2 Nov 2012 | -0.3% | +2.4% | +5.4% | 0.2× |
| Q1 FY13 | 26 Jul 2012 | -1.9% | -4.1% | -2.6% | 3.4× |
| Q4 FY12 | 14 May 2012 | -1.5% | +2.4% | +7.9% | 0.4× |
| Q3 FY12 | 2 Feb 2012 | +3.0% | -6.7% | +3.6% | 5.9× |
| Q2 FY12 | 20 Oct 2011 | +0.3% | +9.9% | +3.4% | 1.6× |
| Q1 FY12 | 22 Jul 2011 | +1.5% | -7.5% | -17.4% | 0.8× |
| Q4 FY11 | 3 May 2011 | -4.2% | -7.0% | -5.3% | 2.5× |
| Q3 FY11 | 27 Jan 2011 | -5.3% | -6.3% | -14.4% | 3.5× |
| Q2 FY11 | 27 Oct 2010 | +6.6% | +13.2% | +10.8% | 4.6× |
| Q1 FY11 | 21 Jul 2010 | +2.7% | -1.9% | -1.9% | 5.3× |
| Q4 FY10 | 12 May 2010 | +1.1% | +3.8% | +6.0% | 4.5× |
| Q3 FY10 | 30 Jan 2010 | +0.3% | -2.6% | -1.9% | 0.7× |
| Q2 FY10 | 30 Oct 2009 | +1.1% | +5.1% | +13.9% | 2.2× |
| Q1 FY10 | 21 Jul 2009 | -1.1% | -5.9% | -12.8% | 5.9× |
| Q4 FY09 | 19 May 2009 | +9.9% | +1.5% | +16.0% | 1.8× |
| Q3 FY09 | 28 Jan 2009 | -0.1% | +0.7% | +0.8% | 1.1× |
| Q2 FY09 | 25 Oct 2008 | -1.5% | +17.9% | -37.8% | 0.3× |
| Q1 FY09 | 22 Jul 2008 | +4.5% | +11.0% | +28.0% | 2.1× |
| Q4 FY08 | 21 May 2008 | -1.7% | -6.8% | -11.7% | 0.9× |
| Q3 FY08 | 29 Jan 2008 | -1.9% | -5.0% | -2.0% | 2.3× |
| Q2 FY08 | 27 Oct 2007 | +5.5% | +2.1% | -5.5% | 1.5× |
| Q1 FY08 | 25 Jul 2007 | +4.1% | +4.1% | -2.9% | 5.1× |
| Q4 FY07 | 29 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| CAGR | 2Y | 3Y | 4Y | 5Y | 6Y | 7Y |
|---|---|---|---|---|---|---|
| Revenue | +6.4% | +9.0% | +12.7% | +15.9% | +13.7% | — |
| Profit | -7.7% | +9.3% | +15.8% | +17.5% | +28.0% | — |
Key data
CSVDelivery percentage
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
Performance returns
CSV| 1D | 1W | 1M | 3M | 6M | 1Y | |
|---|---|---|---|---|---|---|
| Price | -0.10% | -4.75% | -13.63% | -31.51% | -2.14% | +0.86% |
Valuation
CSVOwnership
CSVQuarterly results · consolidated
CSV| Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|
| Revenue (₹ Cr) | 2,473.9 | 2,634.7 | 3,428.0 | 2,302.7 |
| YoY chg | -5.3% | +5.1% | +11.1% | +7.1% |
| Net profit (₹ Cr) | 119.4 | 205.0 | 244.4 | 21.8 |
| YoY chg | -39.7% | +80.3% | +18.9% | -85.6% |
| Net margin | 4.8% | 7.8% | 7.1% | 0.9% |
| EPS | 10.62 | 18.12 | 21.68 | 2.24 |
Shareholding over time
CSVBy quarter
30 Jun 2026 · promoter 61.98% · public 32.56%- 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| Q2 FY24 | Q3 FY24 | Q4 FY24A | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25A | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26A | Q1 FY27 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,302.5 | 2,324.4 | 2,763.7 | 2,184.4 | 2,611.6 | 2,507.8 | 3,084.9 | 2,150.2 | 2,473.9 | 2,634.7 | 3,428.0 | 2,302.7 | |
| Other income | 65.9 | 58.4 | 55.3 | 84.1 | 59.8 | 31.5 | 76.9 | 65.6 | 85.4 | 62.7 | 53.7 | 68.2 | |
| Total income | 2,368.3 | 2,382.8 | 2,818.9 | 2,268.5 | 2,671.4 | 2,539.3 | 3,161.8 | 2,215.8 | 2,559.3 | 2,697.4 | 3,481.8 | 2,370.9 | |
| Total expenses | 2,150.6 | 2,199.4 | 2,568.2 | 2,106.8 | 2,405.1 | 2,382.5 | 2,861.9 | 2,004.2 | 2,385.5 | 2,467.4 | 3,150.1 | 2,328.8 | |
| └ Finance costs | 19.8 | 26.6 | 27.8 | 27.5 | 29.4 | 28.7 | 31.3 | 30.2 | 32.2 | 34.2 | 42.4 | 35.2 | |
| └ Depreciation | 33.0 | 35.8 | 49.9 | 36.0 | 42.1 | 35.1 | 45.3 | 48.9 | 51.5 | 53.3 | 54.0 | 59.5 | |
| Profit before tax | 217.7 | 309.5 | 250.7 | 161.7 | 266.3 | 156.8 | 299.9 | 211.7 | 173.8 | 288.8 | 334.1 | 42.1 | |
| Tax expense | 58.9 | 72.1 | 63.3 | 51.9 | 68.3 | 42.5 | 95.1 | 60.0 | 54.3 | 83.7 | 89.7 | 20.4 | |
| Net profit | 158.6 | 237.1 | 187.6 | 109.4 | 198.0 | 113.7 | 205.6 | 151.5 | 119.4 | 205.0 | 244.4 | 21.8 | |
| EPS | 14.00 | 21.17 | 16.90 | 10.28 | 17.49 | 10.29 | 18.27 | 13.53 | 10.62 | 18.12 | 21.68 | 2.24 | |
| Net margin | 6.89% | 10.20% | 6.79% | 5.01% | 7.58% | 4.54% | 6.66% | 7.04% | 4.83% | 7.78% | 7.13% | 0.95% | |
| PBT margin | 9.46% | 13.32% | 9.07% | 7.40% | 10.20% | 6.25% | 9.72% | 9.84% | 7.03% | 10.96% | 9.75% | 1.83% | |
| Tax rate | 27.04% | 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.
About
CSVPrices are adjusted for splits and bonuses. Delivery figures come from NSE’s daily reports and are unavailable for older sessions. Sourced from the eod2 dataset, last updated 6 Oct 2026.
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