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Thermax Share Price Target From 2024, 2025 to 2039

Thermax Limited

Company LogoSymbol: THERMAX
Price: ₹5,001.25
Exchange: NSE
Industrials -> Specialty Industrial Machinery
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Thermax Brief Company Overview

Thermax Limited: Energy, Environment, and Chemical Solutions Provider

Thermax Limited, established in 1966, is a leading Indian multinational corporation specializing in energy, environment, and chemical solutions. With headquarters in Pune, India, Thermax has a global presence and serves a wide range of industries.

Key Offerings and Expertise:

  • Energy solutions, including boilers, heat recovery systems, and energy plants
  • Environment solutions, such as air pollution control, water treatment, and waste management
  • Chemical solutions, comprising ion exchange resins, oil field chemicals, and performance chemicals

Commitment to Excellence:

Thermax is renowned for its commitment to innovation, quality, and sustainability. The company's R&D capabilities and advanced manufacturing facilities enable it to deliver cutting-edge solutions to its clients.

Diverse Product Range:

Thermax's comprehensive product portfolio caters to diverse industry needs, from agriculture to pharmaceuticals and from manufacturing to telecommunications.


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Thermax Financial Performance

MetricValueDescription
Market Capital51,160.34 CroreMarket valuation of Thermax's shares.
Revenue (TTM)8,870.59 CroreTotal revenue generated by Thermax over the past twelve months.
Net Income (TTM)+610.94 CroreNet Profit or Loss after all the expenses over the past twelve months.
Operating Margin6.52%Income from operations as a percentage of revenue, before taxes and interest.
Profit Margin6.88%Net income as a percentage of revenue, after all expenses.
Revenue Growth
(Quarterly)
+13.4%Change in revenue compared to the previous quarter.
Earnings Growth
(YOY Quarterly)
+88.9%Change in earnings compared to the same quarter last year.
Debt-to-Equity
(D/E) Ratio
26.89Company's total debt divided by total shareholder equity.
Total Debt1,073.84 CroreSum of Thermax's current & long-term financial obligations.
Total Cash2,356.97 CroreTotal amount of liquid funds available to Thermax.
Beta0.37Beta is less than 1 indicating that the Thermax's price is less volatile than the market.

Is Thermax A Good Buy For Long Term?

Thermax's impressive revenue and profit growth, coupled with healthy profit margins, indicate strong financial performance. Its moderate debt level and ample cash balance suggest financial stability. Over the past 5 years, the stock has delivered exceptional returns, making it a potentially attractive long-term buy for investors seeking growth and stability.

To predict the Thermax's future market prices, we harnessed 2 dynamic approaches:

Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices

Approach 1: Technical Analysis Paired With Price Action

Thermax Share Price Target For 2024

 Thermax Targets For 2024 Chart

The line chart displays the monthly closing prices of Thermax with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.

For detailed target and stop loss values for Thermax shares in 2024, see the table below.

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Thermax Share Price Target Table For 2024

Thermax's LevelsValueReason/Importance
2024 Target 35849.63 (+16.96%)Price Action: Chart
2024 Target 25740.56 (+14.78%)Fibonacci Extension Level 123.6%
2024 Target 15619.81 (+12.36%)Custom Fibonacci Extension Lvl 23.6%
Current Price5001.25 Thermax's 1 share price as of Tue 21 May 2024
Stop Loss 14809.89 (-3.83%)Price Action: 16 Apr 2024 High
Stop Loss 24758.95 (-4.85%)Price Action: 09 May 2024 High
Stop Loss 34680.00 (-6.43%)Price Action: 13 May 2024 High

Summary: Thermax Share Price Prediction For 2024

In summary, Thermax has surged by ₹1919.75, achieving a notable +62.30% increase from 1st January 2024 to 21 May 2024. Our analysis of Thermax for 2024 predicts an additional rise of 12.36% to 16.96% by the end of 2024 with three potential targets T1: 5619.81, T2: 5740.56, T3: 5849.63. Stop Loss at SL1: 4809.89, SL2: 4758.95, SL3: 4680.00.

Thermax has a 52-week high of ₹5382.39, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹2191.85, a critical support level - think of this as a safety net where the price might stop falling.

After looking at 2024's share price prediction, let's now check what 2025 might hold for Thermax.

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Thermax Share Price Target For 2025

 Thermax Targets For 2025 Chart

The line chart displays the monthly closing prices of Thermax with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.

For detailed target and stop loss values for Thermax shares in 2025, see the table below.

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Thermax Share Price Target Table For 2025

Thermax's LevelsValueReason/Importance
2025 Target 37345.68 (+46.87%)Price Action: Chart
2025 Target 27208.71 (+44.13%)Price Action: Chart
2025 Target 17137.34 (+42.71%)Custom Fibonacci Extension Lvl 64.9%
Current Price5001.25 Thermax's 1 share price as of Tue 21 May 2024
Stop Loss 14510.29 (-9.82%)Price Action: 23 Apr 2024 Low
Stop Loss 24450.00 (-11.03%)Price Action: 15 Apr 2024 Low
Stop Loss 34395.35 (-12.12%)Price Action: 29 Apr 2024 Low

Summary: Thermax Share Price Prediction For 2025

In summary, Thermax has surged by ₹1919.75, achieving a notable +62.30% increase from 1st January 2024 to 21 May 2024. Our analysis of Thermax for 2025 predicts an additional rise of 42.71% to 46.87% by the end of 2025 with three potential targets T1: 7137.34, T2: 7208.71, T3: 7345.68. Stop Loss at SL1: 4510.29, SL2: 4450.00, SL3: 4395.35.

Thermax has a All-Time high of ₹5382.39, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹2191.85, a critical support level - think of this as a safety net where the price might stop falling.

After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Thermax, we have created a specific page for that check here: Thermax Share Price Target For Tomorrow & Next Week

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Approach 2: Machine Learning By Studying Historical Prices

Thermax Long Term Share Price Prediction Chart From 2024, 2025 to 2039

 Thermax Targets Chart From 2024, 2025 to 2039

This chart presents a detailed projection of Thermax share price predictions from 2024, 2025 to 2039. This share price Prediction represents a CAGR of 15.66% over the next 15 years.

For complete year by year Thermax long term share price target from 2024, 2025 to 2039 check the below table.

Thermax Share Price Target Table From 2024, 2025 to 2039

Year Thermax TargetYoY Change %
2024₹5,001.25[Current Price]
2024₹7,482.4949.61%
2025₹11,500.7453.7%
2026₹14,502.4626.1%
2027₹16,937.5616.79%
2028₹20,248.4619.54%
2029₹25,784.5827.34%
2030₹30,390.5517.86%
2031₹32,432.576.71%
2032₹33,726.823.99%
2033₹36,998.899.7%
2034₹44,086.6719.15%
2035₹49,280.3711.78%
2036₹50,362.682.19%
2037₹50,516.080.3%
2038₹53,749.316.4%
2039₹57,369.336.73%

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Thermax Past Performance

THERMAX main
Thermax has been listed on NSE for more than 29 years.
  • In 1995, Thermax opening price was ₹50.1
  • As of Tue 21 May 2024 the price stands at ₹5,001.25.
  • This represents a Compound Annual Growth Rate (CAGR) of 16.58%.
  • In 29 years, an investment of 10,000 would have become ₹9.98 Lakh.

As we wrap up, we hope you like our study on Thermax share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.

Show Methodology We Use

Methodology Behind the Prediction

The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.

We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.

For more insights into Thermax Limited, explore these additional resources:-

Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter