The Annexure

News to 9 October 2026 ·

Desk›Capital Goods› Thermax Ltd

Thermax Ltd

BSE 500411 · NSE THERMAX · ISIN INE152A01029 · Group A · Active

Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment

₹3,961.45

-0.05%

BSE close, 28 August 2026

Market cap

₹47,203.17 cr

11.9 cr shares · Mid cap

Free float

₹15,311.39 cr

as published

P/E · P/B

127.8× · 13.17×

EPS ₹30.99 · BV ₹300.79

FY25-26 rev / PAT

6,518.26 / 648.91

₹ cr, as filed

Filings, window

17

8 selected · 47%

Regime

Reg 30

Sch. III Part A

Price 52-week, BSE

52-WK LOW ₹2,744.20 52-WK HIGH ₹5,277.00 ₹3,961.45 48% of range
Against 52-week high-24.9%
Against 52-week low+44.4%
Day change-0.05%
Size bandMid cap
Index membershipNIFTY 500

Valuation as published by BSE

Earnings per share₹30.99
Price / earnings127.83×
Price / book13.17×
Book value — derived, price ÷ P/B₹300.79
Return on equity10.30%
Operating margin0.58%
Net margin-1.39%

Consistency check

P/B ÷ P/E, which must equal ROE
10.30%
ROE as published
10.30%

Results ₹ crore, as filed

RevenueNet profit one scale across all three periods, ₹ crore

PeriodRevenue ₹cr Net profit ₹cr EPS ₹OPM NPM
Jun-26 · Q 1,302.95 -18.10 -1.52 0.58% -1.39%
Mar-26 · Q 2,225.85 -14.01 16.87 12.59% -0.63%
FY25-26 6,518.26 648.91 54.46 14.07% 9.96%

Quarter on quarter

Revenue, quarter on quarter
-41.5%
Net profit, quarter on quarter
-29.2%
Operating margin, quarter on quarter
-1,201 bps

Disclosure profile 17 filings in the window

0 median 16.0 sector max 69 17 58th percentile of 768 Capital Goods filers
Shaded is the middle half of the sector, 12 to 22 filings. Measured against the 768 Capital Goods companies that filed at all in this window — companies with no filings are excluded, so this is a percentile against filers rather than against the sector.

Disclosure regime

LODR Reg 30

Read with Schedule III Part A. An equity filer in BSE Group A, so the Regulation 30 disclosure framework and the Schedule III event list both apply.

Sources Price, day change, 52-week range — bse.quote, bse.quoteWeeklyHL, 28 August 2026 close. Market cap and free float — bse.getScripTradingStats. P/E, P/B, EPS, ROE, margins — bse.equityMetaInfo. Quarterly and annual results — bse.resultsSnapshot, standalone, as filed. Four-tier classification — data/reference/companies.csv. Filing counts and tags — the build aggregate for this window. Notes Book value is derived as price ÷ P/B; BSE does not publish it directly. Share count is derived as market cap ÷ price. Figures move between captures and between vendors, and the two are not an error in either: companies.csv carries the market cap from an earlier sweep than the snapshot above. EPS appears twice with different meanings — the figure beside P/E is the trailing one from equityMetaInfo, while the EPS in the results table is the per-period figure as filed.

Filing rhythm · 93 trading days

17 filings · 8 selected · busiest 2026-07-30

Filing rhythm · the twelve most recent

2026-07-302026-10-09

SelectedProcedural

Filings

17 in the window · 10 earlier on record

  1. 9 October 2026 ·

    Other Update

    Rumour verification - Regulation 30(11)

    Thermax Limited has submitted clarification on rumour verification under Regulation 30(11) of SEBI LODR Regulations, 2015

    Others View filing →

  2. 30 September 2026 ·

    Subsidiary Incorporation

    Acquisition

    Thermax Limited has informed the exchanges about the acquisition of 49% share capital of TSA Process Equipments Private Limited thereby making it a wholly owned subsidiary of the Company.

    Company Update / Acquisition View filing →

  3. 25 September 2026 ·

    Trading Window

    Closure of Trading Window

    Thermax Limited has informed the exchanges about closure of Trading Window for the declaration of financial results for the quarter and half year ended September 30, 2026.

    Insider Trading / SAST / Closure of Trading Window View filing →

  4. 15 September 2026 ·

    Subsidiary Incorporation

    Acquisition

    Thermax Limited has informed the Exchanges about incorporation of wholly owned step-down subsidiary.

    Company Update / Acquisition View filing →

  5. 6 August 2026 ·

    Concall Transcript

    Earnings Call Transcript

    Thermax Limited has submitted before the Exchanges transcript of the earnings call held on Friday, July 31, 2026.

    Company Update / Earnings Call Transcript View filing →

  6. 31 July 2026 ·

    Change in Directorate

    Change in Directorate

    Thermax Limited has informed the Exchanges that the shareholders at their 45th AGM held on July 30, 2026 have approved the re-appointment of Dr. Ravi Shankar Gopinath (DIN: 00803847) as ....

    Company Update / Change in Directorate View filing →

  7. 31 July 2026 ·

    AGM / EGM

    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Thermax Limited has informed the Exchanges about the voting results and scrutinizer's report for 45th Annual General Meeting.

    AGM/EGM / AGM View filing →

  8. 31 July 2026 ·

    Analyst / Investor Meet

    Analyst / Investor Meet - Outcome

    Thermax Limited has submitted before the Exchanges the audio recording for investors call held on Friday, July 31, 2026.

    Company Update / Analyst / Investor Meet View filing →

  9. 31 July 2026 ·

    Newspaper Publication

    Newspaper Publication

    Thermax Limited has informed the Exchanges about the newspaper publication of financial results for the quarter ended June 30, 2026.

    Company Update / Newspaper Publication View filing →

  10. 31 July 2026 ·

    Investor Presentation

    Investor Presentation

    Thermax Limited has submitted revised investor presentation for Q1FY27

    Company Update / Investor Presentation View filing →

  11. 30 July 2026 ·

    Investor Presentation

    Investor Presentation

    Thermax Limited has submitted the Investor Presentation for Q1FY27.

    Company Update / Investor Presentation View filing →

  12. 30 July 2026 ·

    AGM / EGM

    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Thermax Limited has submitted the summary of AGM Proceedings held on July 30, 2026.

    AGM/EGM / AGM View filing →

  13. 30 July 2026 ·

    Scheme of Arrangement

    Scheme of Arrangement

    Thermax Limited has informed the Exchanges that the Board of Directors at their meeting held on July 30, 2026 have approved the proposed Scheme of Arrangement and Amalgamation between Thermax ....

    Company Update / Scheme of Arrangement View filing →

  14. 30 July 2026 ·

    Scheme of Arrangement

    Scheme of Arrangement

    Thermax Limited has informed the Exchanges that the Board of Directors at their meeting held on July 30, 2026 have approved the proposed Scheme of Arrangement and Amalgamation between Thermax ....

    Company Update / Scheme of Arrangement View filing →

  15. 30 July 2026 ·

    Results

    Results Of Thermax Limited For Quarter Ended June 30, 2026

    Thermax Limited has informed the Exchanges about the financial results for quarter ended June 30, 2026

    Result / Financial Results View filing →

  16. 30 July 2026 ·

    Board Outcome

    Board Meeting Outcome for Outcome Of The Board Meeting Held On July 30, 2026

    Thermax Limited has informed the Exchanges about the outcome of Board Meeting held on July 30, 2026

    Board Meeting / Outcome of Board Meeting View filing →

  17. 21 July 2026 ·

    Analyst / Investor Meet

    Analyst / Investor Meet - Intimation

    Thermax Limited has informed the Exchanges about the schedule of Analyst / Investors call scheduled for Q1 FY 2026-27.

    Company Update / Analyst / Investor Meet View filing →

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