Thermax Share Price || Thermax Ltd. is an Indian Multinational company, involved in Clean Air, Clean Water and Clean Energy. There Headquarter is in Pune, Maharashtra India. Company was founded in 1980.
Thermax serving their integrated products to worldwide.
Key people
- Meher Pudumjee (Chairperson)
- Ashish Bhandari (Managing Director)
Products Of Thermax Ltd.
- Boiler & Heater
- Process Heating
- Projects and Energy Solutions
- Solar Power
- Air Pollution Control
- Water and Waste Solutions
- Process Cooling
- Absorption Cooling
Thermax Share Price History
Thermax Ltd. In Recent News
- Money Manager, Christopher Wood add Thermax to portfolio.
- Thermax share gains 4%on strong profit Q4.
- Some profit booking was seen after whooping Q4 Result.
How To Buy Thermax Ltd. Share In India?
If you want to purchase the Thermax Share in India, you will first need to open your own Demat account with a stockbroker. Once you have opened the account, you can transfer funds into your account and then buy Thermax Share.
You can buy these share through Online broker.
Thermax Ltd. Share Price Target 2023-2030
Thermax Ltd. Share Price Target 2023 is Rs.2860 INR
| Date | Minimum | Maximum |
| May 2023 | 2200 | 2350 |
| June 2023 | 2300 | 2412 |
| July 2023 | 2410 | 2514 |
| August 2023 | 2450 | 2700 |
| September 2023 | 2650 | 2798 |
| October 2023 | 2820 | 2890 |
| November 2023 | 2767 | 2800 |
| December 2023 | 2820 | 2860 |
Thermax Ltd. Share price will go up to 2800- 2860 INR in the end of December 2023. In May 2023 after Q1 2023 we have seen some profit booking. But with some of Big Fishes interested in this stock. They tighten their holding in the company. So this will take us to predict this stock on bullish side.
Thermax Ltd. Share Price Target 2024 is Rs.3834 INR
| Date | Minimum | Maximum |
| January 2024 | 2840 | 2890 |
| February 2024 | 2875 | 2909 |
| March 2024 | 2900 | 3040 |
| April 2024 | 3020 | 3097 |
| May 2024 | 3100 | 3189 |
| June 2024 | 3185 | 3247 |
| July 2024 | 3230 | 3290 |
| August 2024 | 3280 | 3360 |
| September 2024 | 3200 | 3280 |
| October 2024 | 3300 | 3450 |
| November 2024 | 3420 | 3650 |
| December 2024 | 3630 | 3834 |
For 2024, Thermax Share price can go up to 3800-3830 INR. They are very good to expends their business and invested with some of global clients. There business growth will also reflected in their share price.
So for that reason we will continue on bullish side.
Thermax Ltd. Share Price Target 2025 is Rs.5040 INR
| Date | Minimum | Maximum |
| January 2025 | 3830 | 3910 |
| February 2025 | 3900 | 3990 |
| March 2025 | 3947 | 4100 |
| April 2025 | 4091 | 4156 |
| May 2025 | 4156 | 4259 |
| June 2025 | 4255 | 4370 |
| July 2025 | 4360 | 4458 |
| August 2025 | 4440 | 4550 |
| September 2025 | 4544 | 4650 |
| October 2025 | 4640 | 4790 |
| November 2025 | 4770 | 4859 |
| December 2025 | 4850 | 5040 |
Our view for Year 2025 will be on bullish side. Thermax share price for January 2025 would be expected in the range of Rs. 3830 to Rs. 3910.
It will also touch their milestone price of Rs. 5000 by the end of December 2025.
Thermax Ltd. Share Price Target 2026-2030
| Date/Year | Minimum | Maximum |
| Year 2026 | 4850 | 5758 |
| Year 2027 | 5600 | 6445 |
| Year 2028 | 6380 | 7250 |
| Year 2029 | 7200 | 8500 |
| Year 2030 | 8250 | 9900-10200 |
After reaching Rs.5000 in the last month of 2025, Some correction will be seen on the price. But for end of Year 2026 it will go up-to around Rs.5750.
For Year 2030, Thermax share price will go up-to around Rs. 10000 mark. For Long term investment this return is around 300% from year 2023.
Thermax Ltd. Financial Condition: Past 5 Years
Fundamentals Overview of Thermax Ltd.
NSE Symbol – THERMAX
| Key Metrics | Value |
| CMP | 2226.00 |
| Mkt Cap | 27,711 Cr |
| P/E Ratio (TTM) | 69.84 |
| P/B Ratio | 7.93 |
| Industry P/E | 27.07 |
| Debt to Equity | 0.13 |
| ROE | 9.26% |
| EPS(TTM) | 35.23 |
| Dividend Yield | 0.37% |
| Book Value | 314.62 |
| Face Value | 2 |
Financials Overview of Thermax Ltd.
| Year | Revenue | Net Profit | Net worth | EBITDA |
| 2022 | 6,128 | 312 | 3,492 | 300 |
| 2021 | 4,791 | 207 | 3,251 | 188 |
| 2020 | 5,731 | 212 | 3,028 | 285 |
| 2019 | 5,973 | 325 | 3,014 | 278 |
| 2018 | 4,486 | 232 | 2,715 | 321 |
| (All values in Cr.) | ||||
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Financial Ratio of Thermax Ltd.
| Year | Operating Profit Margin | Net Profit Margin |
| 2022 | 4.90% | 5.10% |
| 2021 | 3.94% | 4.31% |
| 2020 | 4.97% | 3.71% |
| 2019 | 4.66% | 5.45% |
| 2018 | 7.18% | 5.17% |
Balance sheet Data of Thermax Ltd.
| Year | Total Assets | Total Liabilities | Total Equity |
| 2022 | 7,461 | 3,968 | 3,492 |
| 2021 | 6,506 | 3,255 | 3,251 |
| 2020 | 5,955 | 2,927 | 3,027 |
| 2019 | 6,799 | 3,785 | 3,014 |
| 2018 | 5,945 | 3,230 | 2,714 |
| (All values in Cr.) | |||
Shareholding Pattern of Thermax Ltd. Share Price
| Promoters | 61.98% |
| Foreign Institutions | 12.29% |
| Retail | 10.13% |
| Other Domestic Institutions | 1.98% |
| Mutual Funds | 13.62% |
Thermax Ltd. FAQS
What is the target for Thermax Ltd. Share Price in 2024 ?
For 2024,Thermax Share price can go up to3800-3830 INR.
They are very good to expends their business and invested with some of global clients. There business growth will also reflected in their share price.
So for that reason we will continue on bullish side.
What is the target for Thermax Ltd. Share Price in 2025 ?
Our view forYear 2025will be on bullish side. Thermax share price forJanuary 2025would be expected in the range ofRs. 3830 to Rs. 3910.
It will also touch their milestone price ofRs. 5000by the end ofDecember 2025.
So for that reason we will continue on bullish side.
What is the target for Thermax Ltd. Share Price in 2030 ?
For Year 2030,Thermax share price will go up-to around Rs. 10000 mark. For Long term investment this return is around 300% from year 2023.
What is the future of Thermax Ltd. Share Price ?
We are very Bullish for Thermax share price future. In this article we above discussed that Thermax share price will go up to Rs. 5000 by the end of Year 2025. And for 2030 it will also reached Rs.10000 mark.
How many times Thermax Ltd. share gives bonus to their Share Holder?
Thermax gives a dividend of Rs.9 (450% to its Face Value=2) in 21 Jul2022-ex date.
CONCLUSION: Can Thermax Ltd. Reach 5000INR?
In conclusion, Thermax Limited is expected to continue Bullishness for the upcoming years, with a target of close to Rs.10000 in 2030. Thermax share price can go up to Rs. 8500 in around 2029. If you are investing money for 5-10 year span to should add Thermax limited. share in your portfolio.
In the above article we discussed our prospect about Thermax Share Price for education purpose. This article will not represent any investment idea.
If you want to invest any stock please don’t follow blindly any View. Keep consult with your Investment Manager before making any investment decision.
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