2,785.90
+1.44%
Close of 9 Nov 2026, in INR
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About Thermax Limited
Its shares trade on NSE under the ticker THERMAX.NS. It has been listed since 15 February 1995. In the fiscal year to 31 March 2025, it reported revenue of ₹103.89bn and net income of ₹6.34bn. At that date it held total assets of ₹120.38bn and shareholders' equity of ₹49.37bn.
Thermax Ltd. engages in the provision of engineering solutions to the energy and environment sectors. The company is headquartered in Pune, Maharashtra. is an India-based company, which offers solutions to the energy, environment, and chemical sectors. The company operates through three segments: Energy, which includes boilers and heaters, absorption chillers/heat pumps, power plants, solar equipment, and related services; Environment, which includes air pollution control equipment/systems, water and waste recycle plants and related services and Chemical, which includes ion exchange resins, performance chemicals, water treatment chemicals, oil field chemicals, paper chemicals and construction chemicals. The firm designs, builds and commissions boilers for steam and power generation, turnkey power plants, industrial and municipal wastewater treatment plants, waste heat recovery systems and air pollution control projects. The company serves various industries, such as automobiles, cement, chemicals and fertilizers, dairy, plywood, food, textiles, sugar, metals, soft beverages, power generation, plywood and paper and pulp.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 15 Feb 1995
- Employees
- 3,096
- Website
- thermaxindia.com ↗
Leadership
Pay as last reported
- Smt. Meher PudumjeeNon-Executive Chairperson of the Board₹6.4m
- Mr. Ashish BhandariChief Executive Officer, Managing Director, Executive Director, since 2020₹172.9m
- Mr. Rajendran ArunachalamGroup Chief Financial Officer, Executive Vice President₹15.5m
- Mr. B. C. MaheshPresident and BU Head - Industrial Products
- Mr. B. C. RajeshExecutive Vice President and Chief Executive Officer - TBWES
- Mr. Santanu ChaudhuriExecutive Vice President, Chief Technology Officer
- Mr. Amit SethiExecutive Vice President, Chief Digital and Information Officer
- Mr. Kirtiraj JilkarExecutive Vice President and BU Head - Projects and Energy Solutions
- Mr. Dinesh MandhanaExecutive Vice President and BU Head - Chemical
- Mr. Arun UnniExecutive Vice President and BU Head – New Energy and Strategy
- Ms. Sangeet HunjanCompliance Officer, Company Secretary
- Mr. Harsh MariwalaNon-Executive Lead Independent Director₹3.8m
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 86
- Environment
- 99
- Social
- 79
- Governance
- 81
- Direct emissions (scope 1)
- 8,838 t
- Energy emissions (scope 2)
- 13,312 t
- Women in the workforce
- 7.71056%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong market position: Thermax Limited holds a strong market position with a diverse portfolio of products and services.
- Brand reputation: The company enjoys a positive brand reputation due to its commitment to quality and customer satisfaction.
- Technological expertise: Thermax Limited possesses advanced technological capabilities, allowing it to offer innovative solutions to its customers.
Weaknesses
- Dependence on key markets: The company heavily relies on specific markets, which exposes it to potential risks and fluctuations in those markets.
- Limited geographic reach: Thermax Limited's operations are primarily concentrated in certain regions, limiting its reach and potential customer base.
- Product concentration: The company's product offerings are focused on specific sectors, which may make it vulnerable to downturns or changes in those industries.
Opportunities
- Growing renewable energy sector: Thermax Limited can tap into the increasing demand for renewable energy solutions and expand its offerings in this sector.
- International expansion: The company has the opportunity to venture into new international markets and diversify its revenue streams.
- Technological advancements: Thermax Limited can leverage technological advancements to develop new and improved products, staying ahead of the competition.
Threats
- Competition: The industry is competitive, and Thermax Limited faces competition from both established players and new entrants.
- Economic volatility: Fluctuations in the global economy can impact demand for Thermax Limited's products and services.
- Regulatory changes: Changes in regulations and policies, especially related to environmental norms, may affect the company's operations and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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