Company Thermax Limited

Equities

THERMAX

INE152A01029

Industrial Machinery & Equipment

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Ratings for Thermax Limited

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Industrial Machinery & Equipment

Market Closed - NSE India S.E. Other stock markets 07:40:31 2024-04-24 am EDT			5-day change	1st Jan Change
4,436 ^INR	-2.39%		-6.46%	+43.97%

Apr. 15	Thermax Opens New Manufacturing Facility for Water, Wastewater Treatment in Pune, India; Shares Jump 3%	MT
Apr. 15	Thermax Unveils Manufacturing Factory for Water and Wastewater Solutions in Pune	CI

Thermax Limited. is an India-based company. The Company offers integrated solutions in heating, cooling, power generation, water treatment and recycling, air pollution control, and chemicals. It operates in four segments: Industrial Products, Industrial Infra, Green Solutions, and Chemical. The Industrial Products segment supplies packaged boilers and fired heaters, besides turnkey solutions for process heating, through a range of heating media, such as steam, thermic fluid, hot water, and hot air. The Industrial Infra segment covers its Projects and Energy Solutions and Thermax Babcock & Wilcox Energy Solutions businesses. The Green Solutions segment includes Thermax Onsite Energy Solutions Limited, which provides green utilities, such as steam, heat, treated water, chilled water, and cogeneration power, along with other utilities. The Chemical segment manufactures and markets a range of specialty chemicals to help improve processes and water use across various industries.

Number of employees: 4,818

INR in Million	2022	Weight	2023	Weight	Delta
Industrial Infra 48.6 %	-	-	39,280	48.6 %	-
Industrial Products 41.3 %	-	-	33,375	41.3 %	-
Chemical 8.3 %	5,302	8.7 %	6,728	8.3 %	+26.89%
Green Solutions 4.5 %	-	-	3,627	4.5 %	-
Inter Segment -2.6 %	-	-	-2,113	-2.6 %	-

INR in Million	2022	Weight	2023	Weight	Delta
India 74.7 %	45,059	73.5 %	60,405	74.7 %	+34.06%
International 25.3 %	16,224	26.5 %	20,493	25.3 %	+26.31%

Managers	Title	Age	Since
Ashish Bhandari CEO	Chief Executive Officer	52	20-04-06
Rajendran Arunachalam DFI	Director of Finance/CFO	-	19-02-28
Meher Pheroz Pudumjee CHM	Chairman	57	90-07-31
Amit Sethi CTO	Chief Tech/Sci/R&D Officer	-	22-09-30
Janhavi Khele CMP	Compliance Officer	40	21-08-18
Jasmeet Bhatia ADM	Chief Administrative Officer	-	20-11-18
Pravin Damodar Karve PRN	Corporate Officer/Principal	-	10-07-31
Rajan Nair PRN	Corporate Officer/Principal	-	10-07-31
Hemant Mohgaonkar PRN	Corporate Officer/Principal	-	09-12-31

Members of the board	Title	Age	Since
Meher Pheroz Pudumjee CHM	Chairman	57	90-07-31
Jairam Varadaraj BRD	Director/Board Member	63	03-01-30
Nawshir Hoshang Mirza BRD	Director/Board Member	74	11-05-02
Ravi Gopinath BRD	Director/Board Member	-	21-11-09
Harsh Charandas Mariwala BRD	Director/Board Member	72	16-11-09
Ravi Pandit BRD	Director/Board Member	74	17-05-29
Rajani Kesari BRD	Director/Board Member	52	18-11-13
Pheroz Pudumjee Naswanjee BRD	Director/Board Member	-	01-01-14
Ashish Bhandari CEO	Chief Executive Officer	52	20-04-06
Shyamak Ramyar Tata BRD	Director/Board Member	60	23-10-16

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	119,156,300	27,420,200 ( 23.01 %)	6,535,552 ( 5.485 %)	23.01 %

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Tata AIA Life Insurance Co. Ltd. 0.7528 %	896,975	0.7528 %	45 M ₹

Thermax Ltd.

Thermax House 14 Mumbai-Pune Road

411003, Pune

+91 20 6605 1200

http://www.thermaxglobal.com

Name	Category and Sector
Thermax Instrumentation Ltd.
First Energy Pvt Ltd. First Energy Pvt Ltd. SemiconductorsElectronic Technology First Energy Pvt Ltd. manufactures and supplies biomass stoves for domestic cooking. The company was founded in 2005 by Mukund Deogaonkar and Mahesh Yagnaraman and is headquartered in Pune, India.	Semiconductors
Thermax, Inc. Thermax, Inc. Industrial MachineryProducer Manufacturing Part of Chart Industries, Inc., Thermax, Inc. is a private company that manufactures cryogenic fluid vaporizers. The company is based in North Dartmouth, MA. Thermax was acquired by Chart Industries, Inc. on July 01, 2015 for $36.30 million.	Industrial Machinery
Thermax Onsite Energy Solutions Ltd.
Thermax Babcock & Wilcox Energy Solutions Pvt Ltd. Thermax Babcock & Wilcox Energy Solutions Pvt Ltd. Electric UtilitiesUtilities Part of RDA Holding & Trading Pvt Ltd., Thermax Babcock & Wilcox Energy Solutions Pvt Ltd. is an Indian company that manufactures boilers for thermal power generation. The private company is based in Pune, India. Pravin Damodar Karve has been the CEO of the company since 2019. Thermax Babcock & Wilcox Energy Solutions was acquired by Thermax Ltd. from Babcock & Wilcox Enterprises, Inc. on July 26, 2018.	Electric Utilities
Thermax Cooling Solutions Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

4,545 INR

Average target price

3,273 INR

Spread / Average Target

-27.99%

Consensus

Estimates Revisions

Company calendar

Industrials

Industrial Goods

Machinery, Equipment & Components

Industrial Machinery & Equipment

Other Industrial Machinery & Equipment

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