Thermax (THERMAX) Fundamentals 2026 — P/E 73.8x, Revenue Analysis | SniperIQ
Thermax (THERMAX) is a India-listed Industrials company in Industrial - Machinery with a market capitalization of ₹53,306 Crore, trading at ₹4724.20 on the BSE. This SniperIQ fundamentals page covers Thermax's valuation (P/E 73.8x, P/B 9.6x), profitability (net margin 6.8%), revenue (₹10,694 Crore in FY2026), balance-sheet quality, and AI signal context — from live market data, research only.
Full research coverage
- 8-Quarter Revenue & Margin Trend
- Debt Maturity & Coverage
- Peer Valuation Comparison
- Free Cash Flow & Owner Earnings
- AI Signal + Institutional Flow
- DCF Valuation Model
Frequently Asked Questions
What is Thermax's market cap?
Thermax (THERMAX) has a market capitalization of approximately ₹53,306 Crore, trading at ₹4724.20 on the BSE. Market cap moves with the live share price.
What is Thermax's P/E ratio?
Thermax's trailing twelve-month P/E ratio is 73.8x, with a price-to-book (P/B) of 9.6x. Valuation multiples are best compared with Industrials sector peers rather than read in isolation.
How profitable is Thermax?
Thermax runs a net profit margin of 6.8%, a gross margin of 39.5%, and an operating margin of 7.8%. Margins and ROE indicate how efficiently the business converts sales into profit and shareholder returns.
How much revenue does Thermax generate?
Thermax reported revenue of ₹10,694 Crore for fiscal year 2026, with net income of ₹721 Crore and earnings per share (EPS) of 63.95. SniperIQ tracks the full 8-quarter revenue and margin trend on the research dashboard.
Does Thermax pay a dividend?
Thermax offers a trailing dividend yield of about 0.4%. Dividend sustainability depends on payout ratio, free cash flow, and earnings stability — all tracked in SniperIQ's fundamentals view.
Is Thermax financially healthy?
Thermax carries a debt-to-equity ratio of 0.42x and a current ratio of 1.22x, with a market beta of 0.02. Lower leverage and a current ratio above 1.0 generally signal a stronger balance sheet.
Is Thermax a good stock to buy in 2026?
SniperIQ provides research-only market intelligence, not personalised financial advice or a buy/sell call. For Thermax (THERMAX) the key facts are: market cap ₹53,306 Crore, P/E 73.8x, revenue ₹10,694 Crore, 52-week range 2744.2-4841. Weigh valuation, profitability, growth, and balance-sheet strength against Industrials peers and form your own view.
Track Thermax's full fundamentals live
Get Thermax's 8-quarter revenue and margin trend, peer comparison, DCF model, and AI signal on the SniperIQ research dashboard.