Thermax Ltd.
Share Price Target & Analysis

NSE:THERMAX

4402.23

VWAP

4380.1

Open

4416.6

Close

4438.2

High

4330

Low

4880

52 Week High

4413.30 ⇩
-3.30 (-0.07%)

THERMAX

(CONSTRUCTION)
78.2% Momentum

Trending & Favourite

2742.7

52 Week Low

54.46

EPS

42.31

PE

12.41

PB

Economical
Quality

Diamond
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 20 per share. At the current share price of THERMAX at Rs 4413.30, this results in a dividend yield of 0.45 %.

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 54.46. NSE:THERMAX book value per share as of today is 355.59. The current price to book ratio for THERMAX as of May 20, 2026 is 12.41.

Valuation of the Stock: The current valuation of THERMAX stock is like Diamond which means currently the stock is Very Expensive. 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 44.54% is very crucial parameter which shows that 44.54% investors are anticipating that the price of THERMAX share should go up with VWAP at 4402.23.

Now, the main question is whether to BUY or SELL, NSE:THERMAX at current valuation.
As per latest Analysis No. #2011:-

⇑ 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 (May 20, 2026)

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

Thermax Ltd. share price moved Down by -0.07% from its previous close of Rs 4416.6. THERMAX stock last traded price is 4413.30. THERMAX share price trend is Down with a total of 28291 stocks traded till now. It has touched an intraday high of Rs 4438.2 and an intraday low of Rs 4330. The THERMAX trading at 4413.30, Down by Rs. -3.30, or -0.07 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 -0.07%. THERMAX share price short term trend is Down. It suggests that THERMAX Share Price for Tomorrow remains the same with VWAP at 4402.23 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

 4413.30

THERMAX Share Price Target Prediction for 2026 ^

 3665.3 - 4904.2

THERMAX Share Price Target Prediction for 2027*^

 4904.2 - 5224.5

THERMAX Share Price Target Prediction for 2028*^

 5224.5 - 5590.2

THERMAX Share Price Target Prediction for 2029*^

 5870

THERMAX Share Price Target Prediction for 2030*^

 6037

THERMAX Share Price Target Prediction for 2035*^

 6581
THERMAX Current Book Value 2025
353.8

*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 (1) NEUTRAL (7) SELL (4)
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 SELL
ATR 96.63 SELL
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 43%
NEUTRAL / HOLD 27%
SELL 30%

Most popular Questions & Answers about THERMAX


Thermax Ltd. stock last traded price is 4413.30. THERMAX share price moved Down by -0.07% from its previous close of Rs 4416.6.

Thermax Ltd. share price trend is Down with a total of 28291 stocks traded till now. It has touched an intraday high of Rs 4928.8 and an intraday low of Rs 4330. The THERMAX trading at 4413.30, Down by Rs. -3.30, or -0.07 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 4402.23.

The market cap of Thermax Ltd. is ₹22072.5 (in Cr) as of May 19, 2026.

The current price to earning ratio for Thermax Ltd. as of May 19, 2026 is 42.31.

The current price to book ratio for Thermax Ltd. as of May 19, 2026 is 12.41.

The highest price of Thermax Ltd. stock is ₹4880 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 ₹4413.30, Down by Rs. -3.30, or -0.07 percent which suggests that most of the traders are anticipating that the price of THERMAX share should go Down.

In 2025, Stock price target for Thermax Ltd. (THERMAX) are ₹3665.3 on downside and ₹4904.2 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 ₹4904.2 on downside and ₹5224.5 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 ₹5224.5 on downside and ₹5590.2 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 ₹6037 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 -0.07%. 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 4402.23 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 653. Compared to the current market price of 4413.30 INR, the THERMAX stock is Overvalued by 85.2%.

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 54.46. Thermax Ltd. book value per share as of today is 355.59. The current price to book ratio for THERMAX as of May 20, 2026 is 12.41.


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 3915.00 44.69 503.02
ADANIPORTS 1764.40 6.67 139.64
SIEMENS 3517.90 46.95 372.05
ABB 6308.00 140.5 369.78
THERMAX 4413.30 54.46 355.59
BHEL 401.35 4.53 72.28
NBCC 92.02 2.3 10.07
BEML 1796.90 30.76 330.56
JPASSOCIAT 2.42 0 -11.64
POWERMECH 2503.90 97.5 728.28
Updated at: 20 May 2026 10:02

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