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THERMAX Financial Statement Analysis
[BOM: 500411|NSE : THERMAX]

The Revenues of THERMAX have increased by 32.01% YoY .
The Earnings Per Share (EPS) of THERMAX has increased by 43.31 % YoY.
REVENUES
OPERATING MARGIN
PROFIT AFTER TAX
EPS
ROCE

THERMAX Last 5 Annual Financial Results
[BOM: 500411|NSE : THERMAX]

ConsolidatedMar2024
Mar2023
Mar2022
Mar2021
Mar2020
Revenues ₹8,090 Cr₹6,128 Cr₹4,791 Cr₹5,748 Cr₹5,974 Cr
Expenses ₹7,492 Cr₹5,724 Cr₹4,436 Cr₹5,348 Cr₹5,517 Cr
Operating Profit (Excl OI) ₹598 Cr₹404 Cr₹355 Cr₹401 Cr₹457 Cr
Other Income ₹160 Cr₹144 Cr₹108 Cr₹105 Cr₹150 Cr
Interest ₹38 Cr₹25 Cr₹21 Cr₹15 Cr₹14 Cr
Depreciation ₹117 Cr₹113 Cr₹115 Cr₹117 Cr₹92 Cr
Profit Before Tax ₹603 Cr₹410 Cr₹275 Cr₹375 Cr₹410 Cr
Profit After Tax ₹451 Cr₹312 Cr₹207 Cr₹212 Cr₹325 Cr
Consolidated Net Profit ₹450 Cr₹312 Cr₹207 Cr₹212 Cr₹325 Cr
Earnings Per Share (Rs)₹57.31₹39.99₹27.74₹18.35₹18.87
PAT Margin (%)6.905.575.104.313.70
ROE(%)15.5012.259.266.587.03
ROCE(%)18.4415.0311.748.6711.96
Total Debt/Equity(x)0.280.210.100.100.08

Key Financials

Market Cap : ₹ 43,555.7 Cr
Revenue (TTM) : ₹ 10,067.4 Cr
Net Profit(TTM) : ₹ 609.5 Cr
EPS (TTM) : ₹ 51.1
P/E (TTM) : 71.5

Industry Peers & Returns1W1M1Y
THERMAX 5.5% 14.1% -8.3%
BHARAT HEAVY ELECTRICALS -0.6% 11% -10.5%
JYOTI CNC AUTOMATION -4.3% 25% 45.8%
TRIVENI TURBINE -2.5% 2.2% 4.5%
KIRLOSKAR BROTHERS -4.6% 2.5% 67.5%
ELECON ENGINEERING COMPANY -1.8% 0.4% -2.1%
PRAJ INDUSTRIES -4.6% 3.9% 6.6%
KIRLOSKAR OIL ENGINES -4.1% 19.3% -13.7%
TEGA INDUSTRIES -2.4% 11.8% 18.1%


THERMAX Revenues
[BOM: 500411|NSE : THERMAX]

Y-o-Y

32.01 %

5 Yr CAGR

7.87 %

Years Revenues % Change
Mar2024 ₹8,090 Cr
32.01
Mar2023 ₹6,128 Cr
27.91
Mar2022 ₹4,791 Cr
-16.65
Mar2021 ₹5,748 Cr
-3.78
Mar2020 ₹5,974 Cr -


THERMAX Operating Profit
[BOM: 500411|NSE : THERMAX]

Y-o-Y

47.79 %

5 Yr CAGR

6.91 %

Years Operating Profit % Change
Mar2024 ₹598 Cr
47.79
Mar2023 ₹404 Cr
13.83
Mar2022 ₹355 Cr
-11.36
Mar2021 ₹401 Cr
-12.41
Mar2020 ₹457 Cr -

Operating Margins
Y-o-Y

11.97 %

5 Yr CAGR

-0.89 %

Years Operating Margin% % Change
Mar2024 7.39%
11.97
Mar2023 6.6%
-10.93
Mar2022 7.41%
6.31
Mar2021 6.97%
-9.01
Mar2020 7.66% -

THERMAX Profit After Tax
[BOM: 500411|NSE : THERMAX]

Y-o-Y

44.18 %

5 Yr CAGR

8.46 %

Years Profit After Tax % Change
Mar2024 ₹450 Cr
44.18
Mar2023 ₹312 Cr
51.18
Mar2022 ₹207 Cr
-2.76
Mar2021 ₹212 Cr
-34.72
Mar2020 ₹325 Cr -

PAT Margins
Y-o-Y

23.88 %

5 Yr CAGR

16.86 %

Years PAT Margin(%) % Change
Mar2024 6.9 %
23.88
Mar2023 5.57 %
9.22
Mar2022 5.1 %
18.33
Mar2021 4.31 %
16.49
Mar2020 3.7 % -

THERMAX Earnings Per Share (EPS)
[BOM: 500411|NSE : THERMAX]

Y-o-Y

43.31 %

5 Yr CAGR

32.01 %

Years EPS % Change
Mar2024 ₹57
43.31
Mar2023 ₹40
44.16
Mar2022 ₹28
51.17
Mar2021 ₹18
-2.76
Mar2020 ₹19 -

THERMAX Return on Capital Employed (ROCE)
[BOM: 500411|NSE : THERMAX]

Y-o-Y

22.69 %

5 Yr CAGR

11.43 %

Years ROCE % Change
Mar2024 18.44%
22.69
Mar2023 15.03%
28.02
Mar2022 11.74%
35.41
Mar2021 8.67%
-27.51
Mar2020 11.96% -

THERMAX Share Price vs Sensex

Current Share Price : ₹3,654.0
Current MarketCap: ₹ 43,555.7 Cr
Updated EOD on :Mar 28,2025

Share Price Returns(%) 1 Week 1 Month 1 Year
THERMAX

5.5%

14.1%

-8.3%

SENSEX

0.7%

4%

6.3%

THERMAX related INDICES

BSE Indices1W1M1Y
BSE ALLCAP 1.5% 3.4% 7.5%
BSE CAPITAL GOODS 1.3% 8.6% 6.8%
BSE INDUSTRIALS 0.7% 6.3% 6.5%
BSE 200 0.4% 4.4% 6.4%
BSE 250 LARGEMIDCAP INDEX 0.4% 4.4% 6.4%
NSE Indices1W1M1Y
NIFTY MIDCAP150 MOMENTUM 50 0.8% 4.1% 6.4%
NIFTY MIDSMALLCAP400 MOMENTUM QUALITY 100 INDEX 0.6% 2.5% 2.8%
NIFTY 500 0.3% 4.3% 6.7%
NIFTY ENERGY 0.3% 7.5% -12.6%
NIFTY TOTAL MARKET 0.2% 4.1% 6.8%

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FAQ about THERMAX Financials


How the annual revenues of THERMAX have changed ?

The Revenues of THERMAX have increased by 32.01% YoY .

How the Earnings per Share (EPS) of THERMAX have changed?

The Earnings Per Share (EPS) of THERMAX has increased by 43.31 % YoY .