Thermax Limited

Thermax Limitedverified

THERMAX.NS

Price:

$2845.7

Market Cap:

$320.56B

Thermax Limited provides energy, environment, and chemical solutions in India and internationally. It operates through three segments: Energy, Environment, and Chemical. The company offers vapor absorption and hybrid chillers, heat pumps, chiller-heaters, and heat transformers; evaporative condensers, closed loop cooling towers, adiabatic and dry coolers, radiators, and air cooled heat exchangers and condensers; EPC solutions, such as cogen or trigen power plants, air cooled condensers, bio-CNG plants, waste heat recovery power plants, and refinery process units; and renewable energy solutions. It also provides oil and gas fired boilers, heat recovery boilers and systems, high pressure boile...[Read more]

Industry

Industrial - Machinery

IPO Date

2002-07-01

Stock Exchange

NSE

Ticker

THERMAX.NS

The ROE as of December 2025 (TTM) for Thermax Limited (THERMAX.NS) is 12.14%

According to Thermax Limited’s latest financial reports and current stock price. The company's current ROE is 12.14%. This represents a change of 300.58% compared to the average of 3.03% of the last 4 quarters.

Thermax Limited (THERMAX.NS) Historical ROE (quarterly & annually)

How has THERMAX.NS ROE performed in the past?

The mean historical ROE of Thermax Limited over the last ten years is 10.12%. The current 12.14% ROE has changed 20.02% with respect to the historical average. Over the past ten years (40 quarters), THERMAX.NS's ROE was at its highest in in the December 2023 quarter at 5.97%. The ROE was at its lowest in in the June 2020 quarter at -0.50%.

Quarterly (TTM)
Annual

Average

10.12%

Median

9.87%

Minimum

6.35%

Maximum

14.53%

Thermax Limited (THERMAX.NS) ROE by Quarter and Year

Discovering the peaks and valleys of Thermax Limited ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 40.74%

Maximum Annual ROE = 14.53%

Minimum Annual Increase = -35.01%

Minimum Annual ROE = 6.35%

Quarterly (TTM)
Annual
YearROEChange
202512.85%-11.58%
202414.53%24.85%
202311.64%30.18%
20228.94%40.74%
20216.35%-9.45%
20207.02%-35.01%
201910.80%26.27%
20188.55%-2.71%
20178.79%-24.78%
201611.68%18.81%

Thermax Limited (THERMAX.NS) Average ROE

How has THERMAX.NS ROE performed in the past?

The current ROE of Thermax Limited (THERMAX.NS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

13.01%

5-year avg

10.86%

10-year avg

10.12%

Thermax Limited (THERMAX.NS) ROE vs. Peers

How is THERMAX.NS’s ROE compared to its peers?

Thermax Limited’s ROE is less than Blue Star Limited (18.24%), less than AIA Engineering Limited (16.31%), less than AIA Engineering Limited (16.31%), less than Voltas Limited (8.52%), less than Voltas Limited (8.52%), less than KEI Industries Limited (14.91%), less than KEI Industries Limited (14.91%), less than 3M India Limited (31.81%), less than 3M India Limited (31.81%), less than Godrej Industries Limited (6.67%),

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