Thermax Ltd.
Share Price Target & Analysis

NSE:THERMAX

2930.31

VWAP

2924

Open

2893.3

Close

2943.9

High

2901.3

Low

4091.8

52 Week High

2940.00 ⇧
46.70 (1.61%)

THERMAX

(CONSTRUCTION)
14.6% Momentum

Turnaround Potential

2742.7

52 Week Low

60.67

EPS

40.68

PE

8.63

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 14 per share. At the current share price of THERMAX at Rs 2940.00, this results in a dividend yield of 0.48 %.

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 60.67. NSE:THERMAX book value per share as of today is 340.86. The current price to book ratio for THERMAX as of Mar 06, 2026 is 8.63.

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 61.69% is very crucial parameter which shows that 61.69% investors are anticipating that the price of THERMAX share should go up with VWAP at 2930.31.

Now, the main question is whether to BUY or SELL, NSE:THERMAX at current valuation.
As per latest Analysis No. #1838:-

⇑ 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 (Mar 06, 2026)

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

Thermax Ltd. share price moved Up by 1.61% from its previous close of Rs 2893.3. THERMAX stock last traded price is 2940.00. THERMAX share price trend is Up with a total of 11240 stocks traded till now. It has touched an intraday high of Rs 2943.9 and an intraday low of Rs 2901.3. The THERMAX trading at 2940.00, Up by Rs. 46.70, or 1.61 percent which suggests that most of the Traders are anticipating that the price of THERMAX share should go Up.

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 Up by 1.61%. THERMAX share price short term trend is Up. It suggests that THERMAX Share Price for Tomorrow remains the same with VWAP at 2930.31 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

 2940.00

THERMAX Share Price Target Prediction for 2026 ^

 2875.5 - 3626

THERMAX Share Price Target Prediction for 2027*^

 3626 - 4380.7

THERMAX Share Price Target Prediction for 2028*^

 4380.7 - 4687.3

THERMAX Share Price Target Prediction for 2029*^

 4922

THERMAX Share Price Target Prediction for 2030*^

 5062

THERMAX Share Price Target Prediction for 2035*^

 5518
THERMAX Current Book Value 2025
339.2

*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 2025 2026 2027 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

THERMAX Technical Analysis

Candlestick Pattern: @3465

THERMAX Moving Averages

BUY (10) NEUTRAL (0) SELL (4)
MA Simple Action S1 Expo Action E2
MA_5 3445.1 BUY 3446.86 BUY
MA_12 3431.65 BUY 3446.38 BUY
MA_20 3451.11 BUY 3450.77 BUY
MA_32 3469.87 SELL 3452.03 BUY
MA_50 3443.01 BUY 3454.11 BUY
MA_100 3416.68 BUY 3513.08 SELL
MA_200 3959.48 SELL 3742.65 SELL

THERMAX Trend Oscillators

BUY (2) NEUTRAL (1) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 3451.11 Uptrend
MACD 0.34 BUY
ADX 10.23 NO or Weak Trend
DMI (+/-) 15.96 / 16.3 Downtrend

THERMAX Momentum Oscillators

BUY (3) NEUTRAL (7) SELL (2)
Momentum Oscillators Value Action
RSI 51.25 Neutral
STOCHASTIC_K (Fast) 58.43 Neutral
STOCHASTIC_D (Slow) 40.58 Neutral
CCI 39.29 Neutral
PSAR 3599.74 SELL
TRUE RANGE 78.5 BUY
ATR 96.63 BUY
WILLIAMS R -46.97 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 42.86 Neutral
MOMENTUM -105.6 SELL

THERMAX Last 1 Year Trend

Duration Value
1 Year -37.69%
3 Months 6.5%
1 Month -2.96%
1 Week 0.19%

THERMAX Technical Analysis Summary

Updated on 2025-07-11
Action Overall (%)
BUY 50%
NEUTRAL / HOLD 27%
SELL 23%

Most popular Questions & Answers about THERMAX


Thermax Ltd. stock last traded price is 2940.00. THERMAX share price moved Up by 1.61% from its previous close of Rs 2893.3.

Thermax Ltd. share price trend is Up with a total of 11240 stocks traded till now. It has touched an intraday high of Rs 4132.718 and an intraday low of Rs 2901.3. The THERMAX trading at 2940.00, Up by Rs. 46.70, or 1.61 percent which suggests that most of the Traders are anticipating that the price of THERMAX share should go Up and the Stop Loss will be around 2930.31.

The market cap of Thermax Ltd. is ₹22072.5 (in Cr) as of Mar 05, 2026.

The current price to earning ratio for Thermax Ltd. as of Mar 05, 2026 is 40.68.

The current price to book ratio for Thermax Ltd. as of Mar 05, 2026 is 8.63.

The highest price of Thermax Ltd. stock is ₹4091.8 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 ₹2940.00, Up by Rs. 46.70, or 1.61 percent which suggests that most of the traders are anticipating that the price of THERMAX share should go Up.

In 2025, Stock price target for Thermax Ltd. (THERMAX) are ₹2875.5 on downside and ₹3626 on upside. Thermax Ltd. share price target is based on current financial year earings of the company.

In 2026, Stock price target for Thermax Ltd. (THERMAX) are ₹3626 on downside and ₹4380.7 on upside. Thermax Ltd. share price target is based on forecasted future earnings of the company.

In 2027, Stock price target for Thermax Ltd. (THERMAX) are ₹4380.7 on downside and ₹4687.3 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 ₹5062 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 1.61%. The short-term trend for THERMAX share price is Up. It implies that the share price of THERMAX will stay the same tomorrow and that intraday traders should treat VWAP at 2930.31 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 727.4. Compared to the current market price of 2940.00 INR, the THERMAX stock is Overvalued by 75.3%.

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 60.67. Thermax Ltd. book value per share as of today is 340.86. The current price to book ratio for THERMAX as of Mar 06, 2026 is 8.63.


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 4133.40 44.33 482.93
ADANIPORTS 1563.90 8.99 138.31
SIEMENS 3116.50 46.95 366.19
ABB 5838.00 83.24 333.89
THERMAX 2940.00 60.67 340.86
BHEL 272.60 2.3 71.18
NBCC 102.73 2.05 9.34
BEML 1776.00 30.76 342.64
JPASSOCIAT 3.09 0 -10.39
POWERMECH 2194.30 92.61 700.89
Updated at: 10 Feb 2026 09:32

Feel free to contact us, in case of any queries.

SITEMAP 1404
Disclaimer: Published information or data available on the Website may not be current or up to date and also any information or data available on this website may contain inaccuracies and/or typographical errors. Kindly refer any reliable source for its accuracy. If you select any of these stocks for your trades, you do so at your own risk.

Stocks to Watch Today

ADANIENT 2247.70 -2.40 (-0.11%) | ADANIGREEN 979.00 -3.65 (-0.37%) | ADANIPORTS 1563.90 2.20 (0.14%) | ADANITRANS 988.50 0.35 (0.04%) | AMBUJACEM 544.60 2.15 (0.4%) | APOLLOHOSP 7257.50 46.50 (0.64%) | ASIANPAINT 2411.60 -5.80 (-0.24%) | ATGL 546.30 0.75 (0.14%) | AUROPHARMA 1196.40 -7.30 (-0.61%) | AXISBANK 1354.30 12.90 (0.96%) | BAJAJ-AUTO 9666.50 76.50 (0.8%) | BAJAJFINSV 2028.00 3.40 (0.17%) | BAJFINANCE 977.05 -6.10 (-0.62%) | BALKRISIND 2735.00 56.40 (2.11%) | BANDHANBNK 163.58 1.51 (0.93%) | BANKBARODA 289.70 -0.90 (-0.31%) | BEL 439.25 1.95 (0.45%) | BERGEPAINT 464.85 -2.30 (-0.49%) | BHARTIARTL 2047.90 9.70 (0.48%) | BIOCON 374.75 0.80 (0.21%) | BOSCHLTD 35400.00 -230.00 (-0.65%) | BPCL 383.40 -4.90 (-1.26%) | BRITANNIA 5869.00 26.00 (0.44%) | CADILAHC 905.25 2.35 (0.26%) | CIPLA 1353.20 10.70 (0.8%) | COALINDIA 430.35 -1.35 (-0.31%) | COLPAL 2148.60 -7.00 (-0.32%) | DABUR 511.55 -2.85 (-0.55%) | DIVISLAB 6196.50 83.00 (1.36%) | DLF 668.95 -2.20 (-0.33%) | DMART 3934.90 12.50 (0.32%) | DRREDDY 1281.00 5.50 (0.43%) | EICHERMOT 7223.50 28.00 (0.39%) | GAIL 166.27 2.63 (1.61%) | GLAND 1892.40 7.60 (0.4%) | GODREJCP 1187.30 -10.40 (-0.87%) | GRASIM 2944.50 18.20 (0.62%) | GUJGASLTD 424.20 -0.35 (-0.08%) | HAVELLS 1381.90 10.00 (0.73%) | HCLTECH 1592.40 -9.60 (-0.6%) | HDFC 2724.30 0.00 (0%) | HDFCAMC 2759.00 12.40 (0.45%) | HDFCBANK 934.30 -2.95 (-0.31%) | HDFCLIFE 707.40 -0.50 (-0.07%) | HEROMOTOCO 5753.50 -3.00 (-0.05%) | HINDALCO 957.55 -6.70 (-0.69%) | HINDUNILVR 2434.60 -0.40 (-0.02%) | HINDZINC 619.55 -9.55 (-1.52%) | ICICIBANK 1401.60 5.30 (0.38%) | ICICIGI 1876.20 -12.00 (-0.64%) | ICICIPRULI 640.00 -8.30 (-1.28%) | INDIGO 4941.40 -22.70 (-0.46%) | INDUSINDBK 930.50 2.60 (0.28%) | INDUSTOWER 458.40 2.25 (0.49%) | INFY 1492.80 -4.40 (-0.29%) | IOB 35.55 -0.05 (-0.14%) | IOC 176.47 0.31 (0.18%) | ITC 322.90 0.10 (0.03%) | JSWSTEEL 1241.70 -3.30 (-0.27%) | KOTAKBANK 429.35 0.55 (0.13%) | LT 4133.40 19.80 (0.48%) | LTI 5706.50 -337.50 (-5.58%) | LUPIN 2225.70 28.90 (1.32%) | M&M 3629.80 20.20 (0.56%) | MARICO 751.65 -3.20 (-0.42%) | MARUTI 15059.00 81.00 (0.54%) | MCDOWELL-N 1358.10 -8.00 (-0.59%) | MOTHERSUMI 121.00 -1.62 (-1.32%) | MUTHOOTFIN 3782.40 2.60 (0.07%) | NAUKRI 1174.30 -3.00 (-0.25%) | NESTLEIND 1303.40 7.80 (0.6%) | NMDC 83.77 -0.70 (-0.83%) | NTPC 364.45 2.55 (0.7%) | ONGC 269.50 2.90 (1.09%) | PEL 1124.20 0.00 (0%) | PIDILITIND 1482.50 -5.70 (-0.38%) | PIIND 3221.30 5.30 (0.16%) | PNB 123.11 -0.33 (-0.27%) | POWERGRID 291.30 1.55 (0.53%) | RELIANCE 1467.20 5.60 (0.38%) | SAIL 156.64 -1.74 (-1.1%) | SBICARD 766.30 0.75 (0.1%) | SBILIFE 2003.50 -20.50 (-1.01%) | SBIN 1146.90 0.90 (0.08%) | SHREECEM 26815.00 -330.00 (-1.22%) | SIEMENS 3116.50 7.50 (0.24%) | SRF 2996.00 9.30 (0.31%) | SUNPHARMA 1714.80 10.20 (0.6%) | TATACONSUM 1162.60 -4.60 (-0.39%) | TATAMOTORS 375.45 3.40 (0.91%) | TATAMTRDVR 768.65 33.35 (4.54%) | TATASTEEL 202.73 0.73 (0.36%) | TCS 2965.00 16.80 (0.57%) | TECHM 1624.40 2.70 (0.17%) | TITAN 4303.90 46.10 (1.08%) | TORNTPHARM 4032.00 34.80 (0.87%) | ULTRACEMCO 13025.00 -23.00 (-0.18%) | UPL 747.50 3.45 (0.46%) | VEDL 680.05 0.30 (0.04%) | WIPRO 228.16 -1.92 (-0.83%) |