Thermax Limited
THERMAX
Rank in Stocks
#4036
Thermax Limited provides energy, environmental, and chemical solutions in India... Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction. The Industrial Infra segment provides engineering, procurement, and construction (EPC) of power plants, infra projects, and flue gas desulphurisation projects, along with associated services and manufacturing, installation, sales and services related to boiler and heater plants. The Green solutions segment builds, owns and operates BOO models, energy management solutions, oil and gas-fired, green hydrogen projects and renewable energy (Solar/Wind). The Chemical segment offers manufacturing, installation, sales and services related to ion exchange resins, performance chemicals, construction chemicals, water treatment chemicals, oil field chemicals, paper and construction chemicals, and related services. It also operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. In addition, the company offers steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tyre industries. Thermax Limited was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.
Share Price
$35.70
Last synced: 2026-10-19
Market Cap
$4.02B
Change (1 day)
-2.74%
Change (1 year)
-1.35%
Country
IN
Trade Thermax Limited (THERMAX)
Category
Industrials
P/B ratio for Thermax Limited (THERMAX)
P/B ratio as of October 2026 TTM: 6.58
According to Thermax Limited latest financial reports and stock price the company's current price-to-book ratio (TTM) is 6.58. At the end of 2024 the company had a P/B ratio of 10.88.
P/B ratio history for Thermax Limited from 2005 to 2026
P/B ratio at the end of each year
| Year | P/B Ratio | Change |
|---|---|---|
| 2026 (TTM) | 6.58 | -18.78% |
| 2025 | 8.10 | -25.51% |
| 2024 | 10.88 | 62.95% |
| 2023 | 6.68 | 6.76% |
| 2022 | 6.25 | 34.36% |
| 2021 | 4.65 | 69.00% |
| 2020 | 2.75 | -22.80% |
| 2019 | 3.57 | -23.39% |
| 2018 | 4.66 | 7.06% |
| 2017 | 4.35 | 23.01% |
| 2016 | 3.53 | -40.78% |
| 2015 | 5.97 | 36.47% |
| 2014 | 4.37 | 20.98% |
| 2013 | 3.62 | 6.44% |
| 2012 | 3.40 | -37.82% |
| 2011 | 5.46 | -27.51% |
| 2010 | 7.54 | 247.44% |
| 2009 | 2.17 | -77.22% |
| 2008 | 9.52 | 23.18% |
| 2007 | 7.73 | -4.27% |
| 2006 | 8.08 | 161.22% |
| 2005 | 3.09 | 0.00% |
P/B ratio for similar companies or competitors
| Company | P/B Ratio | P/B Ratio Difference | Country |
|---|---|---|---|
| - | - |
US
|
|
| 3.119 | -52.59% |
DE
|
|
| - | - |
FR
|
|
| - | - |
DE
|
|
| 7.8286 | 19.00% |
US
|
