Thermax Ltd
NSE: THERMAX BSE: 500411
₹2949.90
(-0.00)%
Wed, 04 Feb 2026, 11:57 pm
Market Cap351.34B
PE Ratio55.98
Dividend0.47
Producer Manufacturing
Industrial Machinery
24.5KFinancials
| Particulars | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest expense on debt | -16.10M | -15.40M | -16.50M | -38.10M | -20.30M | -41.00M | -89.20M | -94.00M | -273.60M | -931.90M | -121.90M | -70.40M | -71.90M | -97.00M | -86.10M | -117.50M | -134.70M | -256.40M | -836.50M | -1.41B |
| Pretax equity in earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | — | — | -10.70M | 0 | 0 | — | — | — | — |
| Equity in earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -408.90M | -654.60M | -251.90M | 0 | 0 | 0 | 1.30M | -2.30M | -8.20M | -2.40M |
| Total assets | 11.42B | 17.90B | 20.50B | 24.05B | 33.49B | 40.88B | 47.08B | 50.04B | 59.96B | 59.07B | 51.81B | 50.60B | 59.45B | 68.00B | 59.56B | 65.07B | 74.61B | 88.39B | 101.53B | 120.38B |
| Total current assets | 5.91B | 10.24B | 11.19B | 17.32B | 24.31B | 29.97B | 34.06B | 32.87B | 41.25B | 40.44B | 36.10B | 32.97B | 41.02B | 47.37B | 39.77B | 44.66B | 47.38B | 60.72B | 64.48B | 73.13B |
| Cash and short term investments | 547.40M | 972.40M | 580.20M | 3.70B | 6.70B | 7.50B | 9.38B | 7.64B | 11.69B | 11.97B | 11.84B | 10.82B | 15.15B | 11.44B | 12.92B | 20.54B | 17.20B | 25.24B | 23.39B | 27.22B |
| Cash & equivalents | 536.40M | 936.50M | 536.80M | 398.60M | 665.90M | 1.31B | 6.98B | 3.21B | 4.59B | 3.56B | 1.50B | 1.74B | 2.47B | 3.09B | 2.55B | 4.62B | 3.12B | 4.54B | 4.87B | 4.18B |
| Short term investments | 11.00M | 35.90M | 43.40M | 3.30B | 6.04B | 6.19B | 2.40B | 4.43B | 7.10B | 8.41B | 10.34B | 9.09B | 12.68B | 8.35B | 10.37B | 15.92B | 14.08B | 20.71B | 18.52B | 23.04B |
| Total receivables, net | 3.61B | 6.42B | 7.54B | 9.32B | 12.72B | 16.73B | 19.37B | 20.26B | 16.52B | 18.62B | 19.08B | 16.59B | 18.56B | 25.74B | 18.32B | 15.99B | 18.81B | 22.94B | 26.49B | 32.08B |
| Accounts receivable - trade, net | 2.96B | 4.92B | 6.00B | 8.18B | 11.16B | 10.67B | 13.71B | 15.47B | 14.68B | 16.73B | 18.43B | 16.14B | 17.82B | 24.99B | 17.34B | 15.39B | 18.19B | 22.46B | 26.05B | 31.07B |
| Other receivables | 649.30M | 1.50B | 1.54B | 1.14B | 1.55B | 6.06B | 5.67B | 4.79B | 1.84B | 1.89B | 649.90M | 451.40M | 739.80M | 746.80M | 979.20M | 608.80M | 623.30M | 474.80M | 442.30M | 1.01B |
| Total inventory | 1.28B | 2.11B | 2.10B | 2.81B | 2.56B | 3.66B | 3.67B | 3.24B | 10.30B | 7.73B | 3.89B | 3.58B | 4.73B | 6.95B | 6.05B | 5.33B | 9.14B | 10.27B | 10.22B | 9.04B |
| Other current assets, total | 244.40M | 314.50M | 543.80M | 896.90M | 1.12B | 995.90M | 1.22B | 1.28B | 2.60B | 2.03B | 1.19B | 1.85B | 2.38B | 3.03B | 2.26B | 2.51B | 1.80B | 1.93B | 4.04B | 4.44B |
| Total non-current assets | 5.52B | 7.67B | 9.30B | 6.74B | 9.19B | 10.91B | 13.02B | 17.17B | 18.71B | 18.63B | 15.71B | 17.63B | 18.43B | 20.63B | 19.79B | 20.40B | 27.23B | 27.66B | 37.05B | 47.25B |
| Long term investments | 3.97B | 5.74B | 5.60B | 1.44B | 3.70B | 2.41B | 701.10M | 1.54B | 1.56B | 2.40B | 2.90B | 4.14B | 3.59B | 2.36B | 2.67B | 3.58B | 10.57B | 5.22B | 7.79B | 7.71B |
| Note receivable - long term | — | — | — | — | 0 | — | 681.60M | 1.42B | 1.44B | 2.01B | 1.05B | 1.30B | 1.04B | 1.27B | 1.69B | 1.79B | 2.65B | 2.48B | 3.25B | 3.92B |
| Investments in unconsolidated subsidiaries | 0 | 111.30M | 111.30M | 122.00M | 146.60M | 0 | 0 | 0 | -1.50M | 35.20M | 1.23B | 2.16B | 1.89B | 0 | 0 | 0 | 66.30M | 163.70M | 190.50M | 97.10M |
| Other investments | 3.97B | 5.63B | 5.49B | 1.32B | 3.56B | 2.41B | 19.50M | 116.80M | 113.00M | 352.10M | 622.70M | 681.20M | 658.90M | 1.09B | 980.60M | 1.78B | 7.86B | 2.58B | 4.34B | 3.70B |
| Net property/plant/equipment | 1.42B | 1.77B | 3.44B | 4.89B | 5.29B | 6.61B | 9.09B | 12.15B | 13.88B | 13.21B | 7.30B | 8.17B | 9.38B | 12.98B | 12.83B | 12.40B | 12.13B | 17.97B | 25.00B | 33.33B |
| Gross property/plant/equipment | 2.54B | 2.98B | 4.82B | 6.47B | 7.14B | 9.15B | 12.10B | 15.67B | 18.09B | 18.27B | 12.27B | 13.73B | 15.60B | 19.79B | 19.79B | 20.04B | 20.46B | 26.79B | 34.90B | 44.35B |
| Deferred tax assets | 104.00M | 133.10M | 178.90M | 206.80M | 296.60M | 289.30M | 355.00M | 389.20M | 542.80M | 889.80M | 1.20B | 1.15B | 1.08B | 2.22B | 1.55B | 1.61B | 1.30B | 1.09B | 1.09B | 1.54B |
| Net intangible assets | 20.00M | 20.20M | 43.40M | 198.00M | 194.90M | 1.60B | 1.82B | 1.75B | 1.91B | 1.53B | 1.70B | 1.45B | 1.52B | 568.80M | 589.60M | 350.50M | 405.50M | 322.20M | 370.70M | 1.92B |
| Goodwill, net | — | — | — | — | 0 | 1.16B | 1.18B | 1.18B | 1.33B | 1.02B | 1.15B | 1.06B | 1.22B | 330.70M | 353.10M | 30.30M | 30.30M | 30.30M | 30.30M | 801.90M |
| Other intangibles, net | — | — | — | — | 194.90M | 444.50M | 636.60M | 564.50M | 579.40M | 506.70M | 551.40M | 396.50M | 298.00M | 238.10M | 236.50M | 320.20M | 375.20M | 291.90M | 340.40M | 1.12B |
| Other long term assets, total | 0 | 0 | 0 | 0 | 0 | — | 584.20M | 344.20M | 815.90M | 598.40M | 2.56B | 2.28B | 2.44B | 2.09B | 2.14B | 2.46B | 2.82B | 2.86B | 2.64B | 2.56B |
| Short term debt | 70.00M | 21.70M | 0 | 40.80M | 79.60M | 665.10M | 1.85B | 399.10M | 2.45B | 1.22B | 1.61B | 897.10M | 1.81B | 2.05B | 2.01B | 2.99B | 2.98B | 3.93B | 4.72B | 5.37B |
| Current portion of LT debt and capital leases | — | 0 | 0 | 0 | 0 | 0 | 21.90M | 21.80M | 226.80M | 630.60M | 231.90M | 44.40M | 164.70M | 201.90M | 232.80M | 162.20M | 219.10M | 299.60M | 583.50M | 535.70M |
| Short term debt excl. current portion of LT debt | 70.00M | 21.70M | 0 | 40.80M | 79.60M | 665.10M | 1.83B | 377.30M | 2.22B | 591.80M | 1.38B | 852.70M | 1.64B | 1.85B | 1.78B | 2.83B | 2.76B | 3.63B | 4.13B | 4.84B |
| Accounts payable | 1.77B | 3.27B | 4.64B | 4.38B | 7.95B | 9.54B | 9.69B | 9.72B | 9.32B | 9.49B | 10.29B | 10.04B | 10.77B | 13.85B | 9.68B | 11.40B | 14.67B | 14.98B | 15.33B | 16.97B |
| Income tax payable | 66.40M | 52.70M | 162.00M | 101.20M | 99.00M | 174.00M | 74.10M | 141.80M | — | — | 527.00M | 171.70M | 129.50M | 128.50M | 113.40M | 251.10M | 233.90M | 244.40M | 410.50M | 912.10M |
| Long term debt | 0 | 0 | 0 | 0 | 0 | 814.30M | 876.00M | 3.83B | 5.17B | 4.94B | 342.30M | 460.20M | 530.10M | 350.70M | 430.70M | 287.70M | 695.50M | 4.37B | 8.06B | 11.80B |
| Long term debt excl. lease liabilities | 0 | 0 | 0 | 0 | 0 | 814.30M | 876.00M | 3.83B | 5.17B | 4.94B | 342.30M | 448.70M | 516.00M | 350.70M | 430.70M | 287.70M | 695.50M | 4.37B | 8.06B | 11.80B |
| Total equity | 4.59B | 5.90B | 7.60B | 9.92B | 10.88B | 13.67B | 17.41B | 19.79B | 21.78B | 22.11B | 24.16B | 25.39B | 27.15B | 30.14B | 30.28B | 32.51B | 34.92B | 38.70B | 44.40B | 49.43B |
| Shareholders' equity | 4.59B | 5.90B | 7.60B | 9.92B | 10.78B | 13.15B | 16.29B | 18.69B | 20.38B | 21.33B | 24.16B | 25.38B | 27.15B | 30.14B | 30.28B | 32.51B | 34.92B | 38.68B | 44.40B | 49.37B |
| Common equity, total | 4.59B | 5.90B | 7.60B | 9.92B | 10.78B | 13.15B | 16.29B | 18.69B | 20.38B | 21.33B | 24.16B | 25.38B | 27.15B | 30.14B | 30.28B | 32.51B | 34.92B | 38.68B | 44.40B | 49.37B |
| Other common equity | 3.01B | 4.34B | 6.07B | 8.26B | 9.01B | 12.30B | 15.44B | 17.84B | 5.41B | 5.26B | 5.38B | 5.24B | 5.48B | 6.03B | 6.17B | 6.29B | 6.33B | 6.47B | 6.48B | 7.05B |
| Total debt | 70.00M | 21.70M | 0 | 40.80M | 79.60M | 1.48B | 2.73B | 4.23B | 7.61B | 6.16B | 1.95B | 1.36B | 2.34B | 2.40B | 2.44B | 3.28B | 3.68B | 8.31B | 12.77B | 17.18B |
| Net debt | -477.40M | -950.70M | -580.20M | -3.66B | -6.62B | -6.02B | -6.65B | -3.41B | -4.07B | -5.81B | -9.88B | -9.47B | -12.82B | -9.04B | -10.48B | -17.27B | -13.52B | -16.94B | -10.61B | -10.05B |
| Change in accounts receivable | 717.60M | 1.32B | -3.53B | 767.90M | 1.84B | -2.98B | -5.06B | -2.97B | 148.80M | -2.02B | 1.18B | 1.92B | -1.98B | -1.30B | -445.60M | 1.08B | -2.50B | -3.14B | -4.44B | -3.29B |
| Change in taxes payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Change in accounts payable | 40.90M | 1.86B | 1.94B | -168.50M | 2.21B | 2.74B | 3.10B | 64.80M | 1.21B | 898.20M | 201.00M | 490.40M | 63.20M | 3.29B | -3.98B | 1.90B | 3.55B | 385.80M | 690.10M | 1.55B |
| Change in other assets/liabilities | 481.60M | 0 | 49.20M | -1.30B | -587.70M | -145.80M | 0 | 0 | 0 | — | -3.64B | -2.75B | 5.49B | -5.07B | 4.11B | 1.26B | 2.16B | 2.42B | -917.10M | 2.26B |
| Sale of fixed assets & businesses | 0 | 0 | 0 | 0 | 98.00M | 472.80M | 710.50M | 147.00M | 556.20M | 0 | 0 | 0 | 0 | — | — | 0 | 0 | 379.10M | 1.85B | 94.50M |
| Purchase/sale of investments, net | -763.80M | -1.76B | 180.50M | 4.27B | -2.26B | 1.29B | 19.70M | -1.90B | -2.43B | -780.20M | -1.87B | 173.30M | -3.43B | 4.00B | -1.44B | -5.79B | -4.26B | -992.90M | 1.22B | -2.66B |
| Sale/maturity of investments | 20.80M | 20.03B | 12.60B | 11.61B | 4.34B | 9.96B | 10.02B | 10.07B | 17.89B | 18.10B | 19.19B | 2.04B | 0 | 5.47B | 0 | — | 7.76B | — | 39.88B | 48.95B |
| Purchase of investments | -784.60M | -21.79B | -12.42B | -7.33B | -6.61B | -8.67B | -10.00B | -11.98B | -20.31B | -18.88B | -1.87B | -1.87B | -3.43B | -1.46B | -1.44B | -5.79B | -12.03B | -992.90M | -38.66B | -51.61B |
| Other investing cash flow items, total | 21.20M | -2.50M | -18.80M | 36.50M | -48.80M | -44.60M | 203.50M | -33.80M | 269.00M | -189.90M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Issuance/retirement of debt, net | 3.00M | 400.00K | -28.50M | 34.20M | 31.40M | 1.17B | 1.22B | 1.51B | 3.18B | -1.85B | -83.30M | -362.50M | 692.70M | 256.20M | -310.40M | 946.60M | 761.90M | 4.48B | 4.31B | 4.34B |
| Issuance/retirement of long term debt | 0 | 400.00K | -28.50M | 34.20M | 31.40M | 0 | 0 | 1.51B | 3.18B | -1.85B | -83.30M | -362.50M | 692.70M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Issuance/retirement of short term debt | 3.00M | 0 | 0 | 0 | 0 | 1.17B | 1.22B | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Issuance/retirement of other debt | — | — | — | — | — | — | — | — | — | — | — | — | — | 256.20M | -310.40M | 946.60M | 761.90M | 4.48B | 4.31B | 4.34B |
| Total cash dividends paid | -362.40M | -924.20M | -362.20M | -1.11B | -696.50M | -694.60M | -1.25B | -969.40M | -974.00M | -839.90M | -958.40M | -823.40M | -823.90M | -812.90M | -1.90B | 0 | -788.30M | -1.02B | -1.13B | -1.35B |
| Other financing cash flow items, total | -2.50M | 0 | 0 | 0 | 0 | -10.90M | -32.70M | -25.40M | -24.80M | -11.00M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800