Thermax Limited logo

THERMAX

NSE
Thermax Limited (MID CAP)
Industrials>Capital Goods>Electrical Equipment>Heavy Electrical Equipment
4,809.00
24.00 (0.50%)
High VOLATILITY
As on 10 Jul 2026

Price History

Market Cap
₹57.30K Cr
MID CAP
P/E Ratio
79.1
Industry
Heavy Electrical Equipment
52-Week Range
52W Low2,742.7+75.3%
52W High5,277.8-8.9%
Current Price
4,809.00
Circuit Limits (20%)
Lower Circuit3,847.20
Upper Circuit5,770.80
Reference Price
4,809.00

Investment Checklist

Ascending Channel on 1D — target ₹4953.27
Trend: Price above all key MAs — strong uptrend | Bullish MA stack (20>50>200)
Volume divergence: Bullish (price down, volume up)
Composite score 43.49 (BUY) with 81.5% confidence
SuperTrend(10,3): Price above SuperTrend (Industry Standard (Swing/Medium-Term))

Technical Analysis

Technical Analysis

Analysis from 2026-07-10

Confidence
82%

Trend

BULLISH
BULLISH

Price above all key MAs — strong uptrend | Bullish MA stack (20>50>200)

EMA20
4781.42
EMA50
4574.58
EMA200
3839.31

Price Action

MIXED
NEUTRAL
Higher Highs3
Higher Lows5
Lower Highs6
Lower Lows4

Support & Resistance Levels

Resistance (Above)
4880.00
5075.00
5277.80
Support (Below)
4533.30
4317.50
4091.80
3975.00
3922.50

Volume Analysis

TrendINCREASING
Change+63.90%
Unusual VolumeNo
Divergence Detected
Bullish (price down, volume up)

Stop Loss Levels

Fixed Risk

1% Risk4760.91
3% Risk4664.73
5% Risk4568.55
7% Risk (Custom)
4472.37

Technical Levels

1x ATR (Volatility)4603.60
2x ATR (Swing)4398.20
3x ATR (Trend)4192.80
Immediate Support4533.30

Moving Averages

EMA 9 (Short-term)4784.36
EMA 20 (Medium-term)4781.42
EMA 50 (Trend)4574.58
EMA 200 (Long-term)3839.31

Financials

Financial Analysis

MetricMar '25Jun '25Sep '25Dec '25
Revenue₹2,952.1 Cr₹2,094.4 Cr₹2,473.9 Cr₹2,634.7 Cr
Net Profit₹205.7 Cr₹152.4 Cr₹119.7 Cr₹204.2 Cr
EPS₹13.53₹10.62₹18.12
Operating Profit₹374.6 Cr₹290.6 Cr₹257.3 Cr₹376.2 Cr
ROE
12.85%
ROCE
14.97%
Debt/Equity
0.35
Current Ratio
1.30
OPM
14.28%
NPM
7.75%

Peer Comparison

Heavy Electrical Equipment

Peer Comparison

Symbol
Name
Price
Change
P/E Ratio
Market Cap
Hitachi Energy India Limited₹32,605.00-0.02%147.1
₹1.45L Cr
ABB India Limited₹6,836.00+0.23%94.0
₹1.45L Cr
CG Power and Industrial Solutions Limited₹916.60+0.63%119.9
₹1.44L Cr
Bharat Heavy Electricals Limited₹395.25+3.58%86.3
₹1.38L Cr
Siemens Energy India Limited₹3,526.90+2.59%93.5
₹1.26L Cr
Siemens Limited₹3,496.50+0.58%97.9
₹1.25L Cr
GE Vernova T&D India Limited₹4,677.10+0.73%96.4
₹1.20L Cr
Suzlon Energy Limited₹53.92+0.41%23.3
₹73.94K Cr
Thermax Limited₹4,809.00+0.50%79.1
₹57.30K Cr
Schneider Electric Infrastructure Limited₹1,414.20-4.78%167.1
₹33.81K Cr
Triveni Turbine Limited₹606.10-0.96%55.5
₹19.27K Cr

Corporate Information

Large Deals

View All

Bulk, Block and Short deals reported for this stock.

Loading Deals...

Corporate Actions

Recent actions

View All
Ex DatePurposeType
03 Jul 2026
Dividend - Rs 14 Per Share/Special Dividend - Rs 6 Per Share
SPECIAL_DIVIDEND
04 Jul 2025
Dividend - Rs 14 Per Share
DIVIDEND
05 Jul 2024
Dividend - Rs 12 Per Share
DIVIDEND
21 Jul 2023
Dividend - Rs 10 Per Share
DIVIDEND
21 Jul 2022
Dividend - Rs 9 Per Share
DIVIDEND

Announcements

Latest updates

View All
DateDescriptionLink
09 Jul 2026
Certificate under SEBI (Depositories and Participants) Regulations, 2018
04 Jul 2026
Copy of Newspaper Publication
03 Jul 2026
General Updates
03 Jul 2026
Shareholders meeting
30 Jun 2026
Cessation

Board Meetings

Upcoming and past meetings

View All
DatePurposeLinks
07 May 2026
Financial Results/Dividend
07 May 2026
Board Meeting Intimation
02 Feb 2026
Board Meeting Intimation
02 Feb 2026
Financial Results
11 Nov 2025
Board Meeting Intimation

Corporate Events

Upcoming results & meetings

View All

No upcoming events found

We couldn't find any scheduled corporate actions for this symbol at the moment.

Shareholding Pattern

Shareholding Pattern

As of Dec 2025

Current Distribution

Trend (Last 8 Qtrs)

Latest News

News for THERMAX

View All
Top Gainers & Losers on 9 July: Kalyan Jewellers, Swiggy, Kaynes Tech, Anant Raj, Thermax among top gainers - livemint.com
negative
Google News - India Markets 1d ago

Top Gainers & Losers on 9 July: Kalyan Jewellers, Swiggy, Kaynes Tech, Anant Raj, Thermax among top gainers - livemint.com

Top Gainers & Losers on 9 July: Kalyan Jewellers, Swiggy, Kaynes Tech, Anant Raj, Thermax among top gainerslivemint.com

ANANTRAJKALYANKJILKAYNESSWIGGYTECHTHERMAXZTECHCapital GoodsConsumer Durables
Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers
positive
LiveMint - Markets 4d ago

Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers

Indian stock markets rose on July 6, with benchmark indices gaining over 0.60%. The Nifty 50 closed 0.66% higher at 24,420, while Sensex advanced 0.67% to 78,236. HDFC Bank and Axis Bank drove gains, while Nifty Realty led sectoral increases with a 2% rise.

ABSLBANETFAXISBANKAXISBPSETFBANKADDBANKBEESBANKBETABANKBETFBANKETFBANKIETFBANKINDIABANKNIFTY1BANKPSUBBNPNBETFBNKETFAXISCONSUMAXISEBANKNIFTYENERGYFINIETFGILT10BETAGILT5BETAGILT5YBEESGKENERGYGROWWCAPMGROWWPSUBKGROWWRLTYGSEC10IETFGSEC5IETFHDFCBANKHDFCGROWTHHDFCLIQUIDHDFCMID150HDFCNEXT50HDFCNIF100HDFCNIFBANHDFCNIFITHDFCNIFTYHDFCPSUBKHDFCPVTBANHDFCSENSEXHDFCSML250HEALTHAXISHFCLIEXINDIANBIOBIREDAITAXISKPELMOENERGYMOREALTYNIFTYAXISNPBETPOWERINDIAPSUBANKPSUBANKADDPSUBNKBEESPSUBNKIETFPVTBANIETFPVTBANKADDSDL26BEESSENSEXAXISSETFNIFBKSOUTHBANKSWANCORPTECHTHERMAXTOP10ADDTOP15IETFTOP20ZENTECZTECHCapital GoodsChemicals
Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers - livemint.com
positive
Google News - India Markets 4d ago

Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers - livemint.com

Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainerslivemint.com

BANKINDIAENERGYGKENERGYHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANHFCLKPELPOWERINDIASWANCORPTECHTHERMAXZENTECZTECHCapital GoodsChemicals

Frequently Asked Questions