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Stock Research: Thermax

Independent stock analysis through peer comparison: Get the 360° View as an objective basis for stock decision-making and explore the detailed ranks.

Thermax

NSI:THERMAX INE152A01029
16
  • Value
    30
  • Growth
    51
  • Safety
    Safety
    17
  • Combined
    4
  • Sentiment
    39
  • 360° View
    360° View
    16
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Company Description

Thermax Limited is an India-based energy and environment solutions provider. The company operates in industrial products (air pollution control, cooling, heating, water and waste solutions), industrial infrastructure (boilers, fired heaters, projects and energy solutions), green solutions (build-own-operate, energy management, green hydrogen, renewable energy), and chemicals (construction chemicals, ion exchange resins, oil field chemicals, performance chemicals). It serves various industries including aviation, construction, biotechnology, and chemicals. In the last fiscal year, the company had a market cap of $4777 million, profits of $522 million, and revenue of $1216 million, with 3092 employees.

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ANALYSIS: With an Obermatt 360° View of 17 (better than 17% compared with alternatives), overall professional sentiment and financial characteristics for the stock Thermax are critical, mostly below average. The 360° View is based on consolidating four consolidated indicators, with all four indicators below average for Thermax. The consolidated Value Rank has a low rank of 28 which means that the share price of Thermax is on the higher side compared with typical size in indicators such as revenues, profits, and invested capital. This means the stock price is higher than for 72% of alternative stocks in the same industry. The consolidated Growth Rank also has a low rank of 45, which means that the company exhibits below-average growth momentum when looking at financial metrics such as revenue, profit, and invested capital growth as well as stock returns. This means that growth is lower than for 45% of competitors in the same industry. The consolidated Safety Rank has a riskier rank of 17, which means that the company has a riskier financing structure than 83% comparable companies when looking at the amount of its debt, its refinancing requirements, and its ability to service debt. Finally, the consolidated Sentiment Rank has a low rank of 48, which means that professional investors are more pessimistic about the stock than for 52% of alternative investment opportunities. ...read more

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Strongest Rank Price vs. Earnings (P/E)
Weakest Rank Revenue Growth
Country India
Industry Industrial Machinery
Size Large
Website thermaxglobal.com
Index
Thermax stock price by TradingView. Not sourced by Obermatt.
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The higher the 360° View, the better the stock performed against its peers, considering all metrics. The 360° View represents an average of the other 5 ranks and is then scaled to a rank from 1 to 100. The shaded values are illustrative only.
Last update: 8-Jun-2026.

Make Sense of the Ranks

The higher, the better. For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. These ranks are percentiles: a rank of 75 means the company outperforms 75% of its peers in that specific area. The higher the rank, the better the stock stacks up against its peers.

Value
Identifies how good a value the stock is.
Good Value Expensive
Combined
Consolidated view across Value, Growth, and Safety.
Good Tread Carefully
Growth
Shows a company's growth potential.
High Growth Tough Times
Sentiment
Shows what the market thinks of a stock.
Positive Sentiment Skepticism
Safety
Safety
Assesses how financially secure a company is.
Well-Financed High Leverage
360° View
360° View
Holistic stock analysis: all key non-/financial metrics
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Detailed and Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history. Unlock the analysis.

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Metrics Current 2025 2024 2023
Value
30 17 19 21
Growth
51 81 59 93
Safety
Safety
17 39 45 51
Sentiment
39 16 47 66
360° View
360° View
16 20 27 77
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Metrics Current 2025 2024 2023
Analyst Opinions
13 19 20 9
Opinions Change
13 19 47 53
Pro Holdings
n/a 32 46 74
Market Pulse
81 45 85 83
Sentiment
39 16 47 66
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Metrics Current 2025 2024 2023
Value
30 17 19 21
Growth
51 81 59 93
Safety Safety
17 39 45 51
Combined
4 39 22 57
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Metrics Current 2025 2024 2023
Price vs. Sales (P/S)
23 36 34 29
Price vs. Earnings (P/E)
1 13 17 13
Price vs. Book (P/B)
19 25 27 26
Dividend Yield
67 25 23 25
Value
30 17 19 21
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Metrics Current 2025 2024 2023
Revenue Growth
78 66 73 82
Profit Growth
42 71 58 57
Capital Growth
7 84 21 80
Stock Returns
74 39 85 97
Growth
51 81 59 93
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Metrics Current 2025 2024 2023
Leverage
45 58 56 64
Refinancing
11 15 24 28
Liquidity
54 62 61 64
Safety Safety
17 39 45 51

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Frequently Asked
Questions

This is a highly risky stock investment proposition as all consolidated ranks are below-average. There are no compelling arguments to support this stock based on current information. It is not recommended for any investor profile. However, performance does change, so it could we worth keepin on a watchlist.

Obermatt provides unbiased stock analysis as a completely independent third party. We have no conflicts of interest with individual stock titles. Our data-driven analysis is based on algorithms honed over twelve years, giving you analysis that is free from personal bias and conflicts of interest.

The 360° View Rank indicates a company's overall performance across all major financial and non-financial metrics tracked by Obermatt. A 360° View Rank of 75 means the company is more well-rounded than 75% of similar companies. A high score indicates that the company is strong across the board; it is attractively priced, growing sustainably, financially stable, and well-regarded by the market. Learn more.

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