Thermax

{
  "main_header": {
    "sid": 685105,
    "name": "Thermax",
    "stock_name": "Thermax",
    "full_name": "Thermax Ltd.",
    "name_url": "stocks-analysis/thermax",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "2,907.80",
    "chg": 77.9,
    "chgp": "2.75%",
    "dir": 1,
    "prev_price": "2,829.90",
    "mcapval": "34,648.27 Cr",
    "mcap": "Mid Cap",
    "scripcode": 500411,
    "symbol": "THERMAX",
    "ind_name": "Heavy Electrical Equipment",
    "ind_code": 20,
    "indexname": "",
    "isin": "INE152A01029",
    "curr_date": "Feb 03",
    "curr_time": "",
    "bse_nse_vol": "2.9 lacs",
    "exc_status": "Active",
    "traded_date": "Feb 03, 2026",
    "traded_date_str": "2026 02 03",
    "score": "",
    "scoreText": "",
    "Live": 1,
    "market_time": 1,
    "is_blur": 1,
    "is_blur_class": "blur-registerF-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/thermax-685105-0&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0,
      "all_data": []
    }
  },
  "news": {
    "results": [
      {
        "title": "Thermax Ltd. Reports Flat Quarterly Performance Amid Mixed Financial Indicators",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/thermax-ltd-reports-flat-quarterly-performance-amid-mixed-financial-indicators-3818362",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/2/ThermaxLtd_fintrenddot_3818362.png",
        "date": "2026-02-03 11:00:16",
        "description": "Thermax Ltd., a key player in the Heavy Electrical Equipment sector, reported a flat financial performance for the quarter ended December 2025, marking a notable shift from its previously negative trend. While the company’s profitability metrics have shown encouraging growth, certain operational ratios and returns continue to reflect underlying challenges, prompting a reassessment of its market stance and investor sentiment."
      },
      {
        "title": "Thermax Ltd. Opens Strong with Significant Gap Up Amid Positive Market Sentiment",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/thermax-ltd-opens-strong-with-significant-gap-up-amid-positive-market-sentiment-3817962",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/2/ThermaxLtd_gapup_3817962.png",
        "date": "2026-02-03 09:58:50",
        "description": "Thermax Ltd. commenced trading on 3 Feb 2026 with a notable gap up, opening 7.8% higher than its previous close, signalling robust positive momentum in the Heavy Electrical Equipment sector. This strong start was accompanied by an intraday high surge of 9.49%, reflecting sustained buying interest and favourable market conditions."
      },
      {
        "title": "Thermax Q3 FY26: Stellar Profit Surge Masks Margin Volatility Concerns",
        "link": "https://www.marketsmojo.com/news/result-analysis/thermax-q3-fy26-stellar-profit-surge-masks-margin-volatility-concerns-3817618",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/2/Thermax_quaterlyResult_3817618.png",
        "date": "2026-02-03 09:48:55",
        "description": "Thermax Ltd., a leading player in India's heavy electrical equipment sector with a market capitalisation of ₹35,214.26 crores, reported a remarkable 70.63% quarter-on-quarter surge in consolidated net profit to ₹204.18 crores for Q3 FY26 (October-December 2025). However, the impressive headline number conceals persistent margin volatility and concerning year-on-year trends that have kept investors cautious, with the stock trading 27.92% below its 52-week high despite a 4.43% bounce on February 3, 2026."
      },
      {
        "title": "Thermax Ltd. Hits Intraday High with 7.35% Surge on 3 Feb 2026",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/thermax-ltd-hits-intraday-high-with-735-surge-on-3-feb-2026-3817704",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/2/ThermaxLtd_priceRelatedfactors_3817704.png",
        "date": "2026-02-03 09:42:52",
        "description": "Thermax Ltd. demonstrated a strong intraday performance on 3 Feb 2026, surging to an intraday high of Rs 3,098.45, marking a 9.49% increase from its previous close. This surge outpaced both its sector and the broader market, reflecting notable trading momentum in the heavy electrical equipment space."
      },
      {
        "title": "Thermax Ltd. is Rated Sell by MarketsMOJO",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/thermax-ltd-is-rated-sell-by-marketsmojo-3812581",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/ThermaxLtd_mojoScore_3812581.png",
        "date": "2026-01-31 10:10:20",
        "description": "Thermax Ltd. is rated 'Sell' by MarketsMOJO, with this rating last updated on 04 August 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 31 January 2026, providing investors with an up-to-date view of the company’s performance and outlook."
      },
      {
        "title": "Thermax Ltd. Opens Strong with Significant Gap Up Reflecting Positive Market Sentiment",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/thermax-ltd-opens-strong-with-significant-gap-up-reflecting-positive-market-sentiment-3807994",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/ThermaxLtd_gapup_3807994.png",
        "date": "2026-01-28 15:30:46",
        "description": "Thermax Ltd. commenced trading on 28 Jan 2026 with a significant gap up, opening 5.56% higher than its previous close. This strong start underscores a positive market sentiment despite the stock’s recent underperformance relative to its sector and broader indices."
      },
      {
        "title": "Thermax Ltd. is Rated Sell by MarketsMOJO",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/thermax-ltd-is-rated-sell-by-marketsmojo-3795936",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/ThermaxLtd_mojoScore_3795936.png",
        "date": "2026-01-20 10:10:24",
        "description": "Thermax Ltd. is rated 'Sell' by MarketsMOJO, with this rating last updated on 04 Aug 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 20 January 2026, providing investors with an up-to-date perspective on the company’s performance and outlook."
      },
      {
        "title": "Thermax Ltd. Technical Momentum Shifts Signal Bearish Outlook Amid Market Volatility",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/thermax-ltd-technical-momentum-shifts-signal-bearish-outlook-amid-market-volatility-3795264",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/ThermaxLtd_technicaldot_3795264.png",
        "date": "2026-01-20 08:03:33",
        "description": "Thermax Ltd., a key player in the Heavy Electrical Equipment sector, has experienced a notable shift in its technical momentum, with several indicators signalling a bearish trend. Despite a strong long-term performance, recent technical parameters suggest caution for investors as the stock navigates a challenging phase."
      },
      {
        "title": "Thermax Ltd. Technical Momentum Shifts Amid Mixed Indicator Signals",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/thermax-ltd-technical-momentum-shifts-amid-mixed-indicator-signals-3793716",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/ThermaxLtd_technicaldot_3793716.png",
        "date": "2026-01-19 08:02:18",
        "description": "Thermax Ltd., a key player in the Heavy Electrical Equipment sector, has experienced a nuanced shift in its technical momentum, reflecting a complex interplay of bullish and bearish signals across multiple timeframes. Despite a modest day change and a recent downgrade in its Mojo Grade to Sell, the stock’s long-term performance remains robust, warranting a detailed analysis of its current technical indicators and price action."
      }
    ],
    "total": 651,
    "sid": "685105",
    "stock_news_url": "https://www.marketsmojo.com/news/thermax-685105"
  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation",
      "datetime": "31-Jan-2026",
      "details": "Thermax Limited has informed the exchanges about schedule of Analyst / Investors call for Q3FY26",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Press Release / Media Release",
      "datetime": "30-Jan-2026",
      "details": "Thermax Limited has submitted Press Release regarding Thermax Limited and Hindustan Petroleum Corporation Limited (HPCL) sign MOU to advance sustainable energy solutions at India Energy Week 2026.",
      "source": "BSE"
    },
    {
      "caption": "Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015",
      "datetime": "28-Jan-2026",
      "details": "Thermax Limited has informed the exchanges about incorporation about new step down subsidiary of the Company.",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Thermax Ltd. has declared <strong>700%</strong> dividend, ex-date: 04 Jul 25",
          "dt": "2025-07-04",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "",
      "data": [
        {
          "txt": "Thermax Ltd. has announced <strong>2:10</strong> stock split, ex-date: 31 Mar 06",
          "dt": "2006-03-31",
          "middle_text": "Split"
        }
      ]
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Thermax Ltd. Reports Flat Quarterly Performance Amid Mixed Financial Indicators

2026-02-03 11:00:16

Thermax Ltd., a key player in the Heavy Electrical Equipment sector, reported a flat financial performance for the quarter ended December 2025, marking a notable shift from its previously negative trend. While the company’s profitability metrics have shown encouraging growth, certain operational ratios and returns continue to reflect underlying challenges, prompting a reassessment of its market stance and investor sentiment.

Read full news article

Thermax Ltd. Opens Strong with Significant Gap Up Amid Positive Market Sentiment

2026-02-03 09:58:50

Thermax Ltd. commenced trading on 3 Feb 2026 with a notable gap up, opening 7.8% higher than its previous close, signalling robust positive momentum in the Heavy Electrical Equipment sector. This strong start was accompanied by an intraday high surge of 9.49%, reflecting sustained buying interest and favourable market conditions.

Read full news article

Thermax Q3 FY26: Stellar Profit Surge Masks Margin Volatility Concerns

2026-02-03 09:48:55

Thermax Ltd., a leading player in India's heavy electrical equipment sector with a market capitalisation of ₹35,214.26 crores, reported a remarkable 70.63% quarter-on-quarter surge in consolidated net profit to ₹204.18 crores for Q3 FY26 (October-December 2025). However, the impressive headline number conceals persistent margin volatility and concerning year-on-year trends that have kept investors cautious, with the stock trading 27.92% below its 52-week high despite a 4.43% bounce on February 3, 2026.

Read full news article

Thermax Ltd. Hits Intraday High with 7.35% Surge on 3 Feb 2026

2026-02-03 09:42:52

Thermax Ltd. demonstrated a strong intraday performance on 3 Feb 2026, surging to an intraday high of Rs 3,098.45, marking a 9.49% increase from its previous close. This surge outpaced both its sector and the broader market, reflecting notable trading momentum in the heavy electrical equipment space.

Read full news article

Thermax Ltd. is Rated Sell by MarketsMOJO

2026-01-31 10:10:20

Thermax Ltd. is rated 'Sell' by MarketsMOJO, with this rating last updated on 04 August 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 31 January 2026, providing investors with an up-to-date view of the company’s performance and outlook.

Read full news article

Thermax Ltd. Opens Strong with Significant Gap Up Reflecting Positive Market Sentiment

2026-01-28 15:30:46

Thermax Ltd. commenced trading on 28 Jan 2026 with a significant gap up, opening 5.56% higher than its previous close. This strong start underscores a positive market sentiment despite the stock’s recent underperformance relative to its sector and broader indices.

Read full news article

Thermax Ltd. is Rated Sell by MarketsMOJO

2026-01-20 10:10:24

Thermax Ltd. is rated 'Sell' by MarketsMOJO, with this rating last updated on 04 Aug 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 20 January 2026, providing investors with an up-to-date perspective on the company’s performance and outlook.

Read full news article

Thermax Ltd. Technical Momentum Shifts Signal Bearish Outlook Amid Market Volatility

2026-01-20 08:03:33

Thermax Ltd., a key player in the Heavy Electrical Equipment sector, has experienced a notable shift in its technical momentum, with several indicators signalling a bearish trend. Despite a strong long-term performance, recent technical parameters suggest caution for investors as the stock navigates a challenging phase.

Read full news article

Thermax Ltd. Technical Momentum Shifts Amid Mixed Indicator Signals

2026-01-19 08:02:18

Thermax Ltd., a key player in the Heavy Electrical Equipment sector, has experienced a nuanced shift in its technical momentum, reflecting a complex interplay of bullish and bearish signals across multiple timeframes. Despite a modest day change and a recent downgrade in its Mojo Grade to Sell, the stock’s long-term performance remains robust, warranting a detailed analysis of its current technical indicators and price action.

Read full news article

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