Thermax Ltd.

NSE: THERMAX | BSE: 500411 | ISIN: INE152A01029 | Industry: Heavy Electrical Equipment
| Expensive Performer
3778.7000 -161.70 (-4.10%)
NSE Aug 01, 2025 15:31 PM
Volume: 179.5K
 

logo
Thermax Ltd.
13 May 2025
3778.70
-4.10%
Prabhudas Lilladhar
We revise our FY26/FY27 EPS estimates by -2.2%/-3.0% factoring in probable execution delays in Industrial Infra. Thermax (TMX) delivered a decent performance in Q4, reporting 11.6% YoY revenue growth, while EBITDA margin saw a marginal decline of 17 bps YoY to 9.7%. Management remains optimistic about FY26 revenue growth with better margins, supported by robust momentum in the Industrial Products segment. The Chemicals business is poised to contribute meaningfully in the medium term through continued product innovation and market expansion. Execution challenges in the...
Number of FII/FPI investors increased from 521 to 541 in Jun 2025 qtr.
More from Thermax Ltd.
All earning calls
Investor presentations from Thermax Ltd.
All investor presentations