Thermax Ltd.
Share Price Target & Analysis

NSE:THERMAX

3086.3

VWAP

3150

Open

3161.3

Close

3150

High

3022.6

Low

5277.8

52 Week High

3096.00 ⇩
-65.30 (-2.07%)

THERMAX

(CONSTRUCTION)
13.9% Momentum

Turnaround Potential

2742.7

52 Week Low

62.62

EPS

63.13

PE

8.37

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: THERMAX Share Price Financial Analysis & Valuation

Thermax Ltd. (THERMAX) is broadly categorized in CONSTRUCTION segment industry which deals in Infrastructure - General vertical. It is one of Mid Cap company with Market Capitalization of Rs 22072.5 (in Cr). Total number of free float shares are 0 (in Lacs). Thermax Ltd. is listed on NSE with Exchange ID - INE152A01029 and trading code is NSE:THERMAX with short name Thermax.

In the past 1 year, Thermax Ltd. has declared an equity dividend of Rs 0.65 per share. At the current share price of THERMAX at Rs 3096.00, this results in a dividend yield of 0.02 %.

As per the Fundamental Analysis of NSE:THERMAX, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine THERMAX underlying value and future prospects. All of this data is available in THERMAX financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:THERMAX, it is clearly understood that THERMAX is Economical performer in terms of earnings and profit margins with an EPS of 62.62. NSE:THERMAX book value per share as of today is 370.02. The current price to book ratio for THERMAX as of Oct 23, 2026 is 8.37.

Valuation of the Stock: The current valuation of THERMAX stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of THERMAX whether to BUY this stock at current valuation. The delivery percentage of THERMAX is 27460% is very crucial parameter which shows that 27460% investors are anticipating that the price of THERMAX share should go up with VWAP at 3086.3.

Now, the main question is whether to BUY or SELL, NSE:THERMAX at current valuation.
As per latest Analysis No. #2462:-

⇑ STRONG BUY THERMAX if All Greens

⇗ BUY THERMAX (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD THERMAX (With Stop Loss) if only 1 Green

⇘ SELL THERMAX if NO Green Indicator

NSE: THERMAX Share Price Today (Oct 23, 2026)

(Thermax Ltd. Daily Analysis on the basis of THERMAX Intraday Graph & Trend)

Thermax Ltd. share price moved Down by -2.07% from its previous close of Rs 3161.3. THERMAX stock last traded price is 3096.00. THERMAX share price trend is Down with a total of 176739 stocks traded till now. It has touched an intraday high of Rs 3150 and an intraday low of Rs 3022.6. The THERMAX trading at 3096.00, Down by Rs. -65.30, or -2.07 percent which suggests that most of the Traders are anticipating that the price of THERMAX share should go Down.

NSE: THERMAX Share Price Tomorrow Prediction

(Thermax Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of THERMAX)

Thermax Ltd. share price moved Down by -2.07%. THERMAX share price short term trend is Down. It suggests that THERMAX Share Price for Tomorrow remains the same with VWAP at 3086.3 will be treated as stop loss for intraday traders. Thermax Ltd. Long term investors can follow the THERMAX long term trend as mentiond in future forecast table.

NSE Code

NSE: THERMAX

THERMAX Share Price Today

 3096.00

THERMAX Share Price Target Prediction for 2026 ^

 2875.5 - 4260.3

THERMAX Share Price Target Prediction for 2027*^

 4260.3 - 5650.4

THERMAX Share Price Target Prediction for 2028*^

 5650.4 - 6045.9

THERMAX Share Price Target Prediction for 2029*^

 6348

THERMAX Share Price Target Prediction for 2030*^

 6530

THERMAX Share Price Target Prediction for 2035*^

 7117
THERMAX Current Book Value
368.2

*Thermax Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^THERMAX share price target prediction for 2026 2027 2028 2029 2030 to 2035 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

THERMAX Technical Analysis

Candlestick Pattern: @3638.6

THERMAX Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 3652.34 SELL 3671.43 SELL
MA_12 3822.18 SELL 3790.59 SELL
MA_20 3899.18 SELL 3875.34 SELL
MA_32 4021.12 SELL 4013.53 SELL
MA_50 4231.33 SELL 4108.55 SELL
MA_100 4427.49 SELL 4138.67 SELL
MA_200 3727.83 SELL 3949.94 SELL

THERMAX Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 3899.18 Downtrend
MACD -16.11 SELL
ADX 46.81 Strong Trend
DMI (+/-) 10.23 / 32.62 Downtrend

THERMAX Momentum Oscillators

BUY (2) NEUTRAL (5) SELL (5)
Momentum Oscillators Value Action
RSI 25.79 Oversold
STOCHASTIC_K (Fast) 21.44 Neutral
STOCHASTIC_D (Slow) 13.46 Oversold
CCI -95.96 Neutral
PSAR 4071.54 SELL
TRUE RANGE 87.8 BUY
ATR 116.28 BUY
WILLIAMS R -87.97 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 47.44 Neutral
STOCHASTIC RSI D 21.78 Neutral
MOMENTUM -387.1 SELL

THERMAX Last 1 Year Trend

Duration Value
1 Year 8.88%
3 Months -23.23%
1 Month -9.62%
1 Week -3.04%

THERMAX Technical Analysis Summary

Updated on 2026-09-09
Action Overall (%)
BUY 10%
NEUTRAL / HOLD 17%
SELL 73%

(powered by Zerodha)

Most popular Questions & Answers about THERMAX

Thermax Ltd. Frequently Asked Questions (FAQs)

Thermax Ltd. stock last traded price is 3096.00. THERMAX share price moved Down by -2.07% from its previous close of Rs 3161.3.

Thermax Ltd. share price trend is Down with a total of 176739 stocks traded till now. It has touched an intraday high of Rs 5330.578 and an intraday low of Rs 3022.6. The THERMAX trading at 3096.00, Down by Rs. -65.30, or -2.07 percent which suggests that most of the Traders are anticipating that the price of THERMAX share should go Down and the Stop Loss will be around 3086.3.

The market cap of Thermax Ltd. is ₹22072.5 (in Cr) as of Oct 22, 2026.

The current price to earning ratio for Thermax Ltd. as of Oct 22, 2026 is 63.13.

The current price to book ratio for Thermax Ltd. as of Oct 22, 2026 is 8.37.

The highest price of Thermax Ltd. stock is ₹5277.8 in the last 52-week.

The lowest price of Thermax Ltd. stock is ₹2742.7 in the last 52-week.

Thermax Ltd. share trading at ₹3096.00, Down by Rs. -65.30, or -2.07 percent which suggests that most of the traders are anticipating that the price of THERMAX share should go Down.

In 2026, Stock price target for Thermax Ltd. (THERMAX) will be around ₹2875.5 on downside and ₹4260.3 on upside. Thermax Ltd. share price target is based on current financial year earings of the company.

In 2027, Stock price target for Thermax Ltd. (THERMAX) will be around ₹4260.3 on downside and ₹5650.4 on upside. Thermax Ltd. share price target is based on forecasted future earnings of the company.

In 2028, Stock price target for Thermax Ltd. (THERMAX) will be around ₹5650.4 on downside and ₹6045.9 on upside. Thermax Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Thermax Ltd. (THERMAX) will be around ₹6530 Thermax Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of THERMAX.

The price of Thermax Ltd. (THERMAX) shares moved by -2.07%. The short-term trend for THERMAX share price is Down. It implies that the share price of THERMAX will stay the same tomorrow and that intraday traders should treat VWAP at 3086.3 as a stop loss. Investors with a long-term outlook can track THERMAX long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of THERMAX stock is 750.8. Compared to the current market price of 3096.00 INR, the THERMAX stock is Overvalued by 75.7%.

As per the fundamental analysis of Thermax Ltd. (THERMAX), it is of Economical quality in terms of earnings and profit margins with an EPS of 62.62. Thermax Ltd. book value per share as of today is 370.02. The current price to book ratio for THERMAX as of Oct 23, 2026 is 8.37.


NSE:THERMAX News & Other Useful Information about THERMAX Share Price


Peer Comparison of NSE: THERMAX

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Infrastructure - General

Company Price EPS BV
LT 3647.00 60.14 561.46
ADANIPORTS 1702.70 11.27 293.35
SIEMENS 3245.20 78.5 439.39
ABB 6140.00 85.6 369.78
THERMAX 3096.00 62.62 370.02
BHEL 387.50 5.44 77.25
NBCC 67.90 2.63 11.1
BEML 1851.30 27.72 345.94
JPASSOCIAT 2.42 -18.27 -11.64
POWERMECH 2124.70 115.08 787.77
TWL 835.35 16.56 188.23
RIIL 665.25 7.77 285.14
TEXRAIL 98.50 5.78 58.54
ARVSMART 566.95 10.94 130.29
TEXINFRA 117.74 0.99 83.89
BGRENERGY 279.11 -175.84 -391.61
SADBHAV 6.22 0.99 59.91
JPINFRATEC 1.25 4.84 -531.14
SADBHIN 2.32 0.53 19.12
MEP 0.64 -40.49 12.98
BRNL 13.62 0.42 31.38
IL&FSTRANS 1.92 -28.97 -451.72
PUNJLLOYD 2.25 -36.66 865.4
SKIL 1.11 0.6 29.92
ABINFRA 12.89 0.38 2.73
TRANSWIND 11.30 1.44 24.75
Updated at: 2026-10-23 15:54:17

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