Thermax Ltd Share Price – NSE /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

The frontline indices erased all losses and traded with minor gains mid-afternoon trade. The Nifty traded above the 22,500 level after hitting the day’s low of 22,314.70 in early trade. Realty shares advanced after declining in the past three consecutive trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex rose 31.06 points, or 0.04%, to 74,148.43. The Nifty 50 index added 43.30 points, or 0.19%, to 22,503.60.

In the broader market, the S&P BSE Mid-Cap index rose 0.70% and the S&P BSE Small-Cap index declined 0.58%.

The market breadth was weak. On the BSE, 1,368 shares rose and 2,527 shares fell. A total of 127 shares were unchanged.

Buzzing Index:

The Nifty Realty index jumped 3.70% to 829.25. The index dropped 3.36% in the past three consecutive trading sessions.

Phoenix Mills (up 5.95%), Macrotech Developers (up 5.71%), DLF (up 4.13%), Godrej Properties (up 3.66%), Oberoi Realty (up 3.59%) and Sobha (up 1.14%) advanced.

On the other hand, Mahindra Lifespace Developers (down 1.74%), Raymond (down 1.71%) and Brigade Enterprises (down 0.45%) edged lower.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.02% to 6.812 as compared with previous close 6.810.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 87.2275, compared with its close of 87.3100 during the previous trading session.

MCX Gold futures for 4 April 2025 settlement rose 0.50% to Rs 85,850.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.48% to 103.42.

The United States 10-year bond yield fell 0.43% to 4.195.

In the commodities market, Brent crude for May 2025 settlement gained 23 cents, or 0.33% to $69.51 a barrel.

Stocks in Spotlight:

Thermax slipped 1.52%. The company said that Thermax Chemical Solutions has entered into an exclusive shareholder’s agreement with Oswaldo Cruz Química Indústria e Comércio Ltda for manufacturing high-performance chemicals.

E2E Networks dropped 4.16%. The company said that its cloud platform, E2E Cloud has launched sovereign cloud platform, providing a secure and scalable alternative for organizations looking to build and manage their own cloud environments.

Sterling and Wilson Renewable Energy declined 3.38%. The company said that its board has approved the appointment of Ajit Pratap Singh as a chief financial officer (CFO) and key managerial personnel (KMP) with effect from 24 March 2025.

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Thermax Chemical Solutions is a wholly owned subsidiary of Thermax.

Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ) is one of the leading chemical companies in Latin America producing resins and polymers.

The two companies have agreed to establish a new company in India, with Thermax holding a majority with 51% stake and OCQ holding remaining 49%. The partnership aims to establish a dedicated production facility for manufacturing acrylic resins in India.

The new entity will be responsible for manufacturing, trading, marketing and selling OCQ formulated materials by leveraging Thermax's existing resources, infrastructure and extensive customer base.

To accommodate the new operations, Thermax will adapt its existing industrial plant at Jhagadia, Gujarat, India, and establish the first production line to manufacture acrylic resins.

The new entity will strengthen Thermax’s chemical portfolio, which currently includes ion exchange resins, water treatment chemicals, oil field chemicals, and construction chemicals.

Ashish Bhandari, managing director and CEO, Thermax, said: “OCQ is a leading company in its space, and partnering with them will help us manufacture and deliver high-performance chemicals to a wide range of industries.

Initially, production will focus on acrylic resins—widely used in the paint, adhesives, infrastructure, textile and waterproofing industries. In the future, the plant will expand to include polyester and alkyd resins, among others.

This step marks the beginning of our venturing into a new line of business within the chemical range of solutions.”

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. Thermax has manufacturing facilities in India, Europe and Southeast Asia.

The company’s consolidated net profit dropped 51.37% to Rs 115.90 crore in Q3 FY25 as against Rs 238.34 crore posted in Q3 FY24. However, revenue from operations grew by 7.89% to Rs 2,507.76 crore in the quarter ended 31 December 2024.

The scrip fell 1.73% to currently trade at Rs 3274.90 on the BSE.

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Thermax Chemical Solutions (TCSPL), a wholly-owned subsidiary of Thermax, has entered into an exclusive shareholder's agreement with Brazil-based Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ), one of the leading chemical companies in Latin America producing resins and polymers. Thermax will hold a majority 51% stake in this new company, while OCQ will have a 49% share. Both companies expect to create significant value, strengthening their global market presence and delivering high performance chemical solutions.

The new entity will be responsible for manufacturing, trading, marketing and selling OCQ formulated materials by leveraging Thermax's existing resources, infrastructure and extensive customer base. To accommodate the new operations, Thermax will adapt its existing industrial plant at Jhagadia, Gujarat, India, and establish the first production line to manufacture acrylic resins.

Powered by Capital Market - Live News

Thermax Chemical Solutions is a wholly owned subsidiary of Thermax.

Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ) is one of the leading chemical companies in Latin America producing resins and polymers.

The two companies have agreed to establish a new company in India, with Thermax holding a majority with 51% stake and OCQ holding remaining 49%. The partnership aims to establish a dedicated production facility for manufacturing acrylic resins in India.

The new entity will be responsible for manufacturing, trading, marketing and selling OCQ formulated materials by leveraging Thermax's existing resources, infrastructure and extensive customer base.

To accommodate the new operations, Thermax will adapt its existing industrial plant at Jhagadia, Gujarat, India, and establish the first production line to manufacture acrylic resins.

The new entity will strengthen Thermax’s chemical portfolio, which currently includes ion exchange resins, water treatment chemicals, oil field chemicals, and construction chemicals.

Ashish Bhandari, managing director and CEO, Thermax, said: “OCQ is a leading company in its space, and partnering with them will help us manufacture and deliver high-performance chemicals to a wide range of industries.

Initially, production will focus on acrylic resins—widely used in the paint, adhesives, infrastructure, textile and waterproofing industries. In the future, the plant will expand to include polyester and alkyd resins, among others.

This step marks the beginning of our venturing into a new line of business within the chemical range of solutions.”

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. Thermax has manufacturing facilities in India, Europe and Southeast Asia.

The company’s consolidated net profit dropped 51.37% to Rs 115.90 crore in Q3 FY25 as against Rs 238.34 crore posted in Q3 FY24. However, revenue from operations grew by 7.89% to Rs 2,507.76 crore in the quarter ended 31 December 2024.

The scrip fell 1.73% to currently trade at Rs 3274.90 on the BSE.

Powered by Capital Market - Live News

Thermax Chemical Solutions (TCSPL), a wholly-owned subsidiary of Thermax, has entered into an exclusive shareholder's agreement with Brazil-based Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ), one of the leading chemical companies in Latin America producing resins and polymers. Thermax will hold a majority 51% stake in this new company, while OCQ will have a 49% share. Both companies expect to create significant value, strengthening their global market presence and delivering high performance chemical solutions.

The new entity will be responsible for manufacturing, trading, marketing and selling OCQ formulated materials by leveraging Thermax's existing resources, infrastructure and extensive customer base. To accommodate the new operations, Thermax will adapt its existing industrial plant at Jhagadia, Gujarat, India, and establish the first production line to manufacture acrylic resins.

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Thermax Ltd rose for a third straight session today. The stock is quoting at Rs 3344, up 3.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 22451.5. The Sensex is at 74133.19, up 0.55%. Thermax Ltd has dropped around 1.3% in last one month.

Meanwhile, Nifty Energy index of which Thermax Ltd is a constituent, has dropped around 3.73% in last one month and is currently quoting at 31099.45, up 1.59% on the day. The volume in the stock stood at 46166 shares today, compared to the daily average of 1.48 lakh shares in last one month.

The PE of the stock is 90.66 based on TTM earnings ending December 24.

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The frontline indices erased all losses and traded with minor gains mid-afternoon trade. The Nifty traded above the 22,500 level after hitting the day’s low of 22,314.70 in early trade. Realty shares advanced after declining in the past three consecutive trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex rose 31.06 points, or 0.04%, to 74,148.43. The Nifty 50 index added 43.30 points, or 0.19%, to 22,503.60.

In the broader market, the S&P BSE Mid-Cap index rose 0.70% and the S&P BSE Small-Cap index declined 0.58%.

The market breadth was weak. On the BSE, 1,368 shares rose and 2,527 shares fell. A total of 127 shares were unchanged.

Buzzing Index:

The Nifty Realty index jumped 3.70% to 829.25. The index dropped 3.36% in the past three consecutive trading sessions.

Phoenix Mills (up 5.95%), Macrotech Developers (up 5.71%), DLF (up 4.13%), Godrej Properties (up 3.66%), Oberoi Realty (up 3.59%) and Sobha (up 1.14%) advanced.

On the other hand, Mahindra Lifespace Developers (down 1.74%), Raymond (down 1.71%) and Brigade Enterprises (down 0.45%) edged lower.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.02% to 6.812 as compared with previous close 6.810.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 87.2275, compared with its close of 87.3100 during the previous trading session.

MCX Gold futures for 4 April 2025 settlement rose 0.50% to Rs 85,850.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.48% to 103.42.

The United States 10-year bond yield fell 0.43% to 4.195.

In the commodities market, Brent crude for May 2025 settlement gained 23 cents, or 0.33% to $69.51 a barrel.

Stocks in Spotlight:

Thermax slipped 1.52%. The company said that Thermax Chemical Solutions has entered into an exclusive shareholder’s agreement with Oswaldo Cruz Química Indústria e Comércio Ltda for manufacturing high-performance chemicals.

E2E Networks dropped 4.16%. The company said that its cloud platform, E2E Cloud has launched sovereign cloud platform, providing a secure and scalable alternative for organizations looking to build and manage their own cloud environments.

Sterling and Wilson Renewable Energy declined 3.38%. The company said that its board has approved the appointment of Ajit Pratap Singh as a chief financial officer (CFO) and key managerial personnel (KMP) with effect from 24 March 2025.

Powered by Capital Market - Live News

Thermax Chemical Solutions is a wholly owned subsidiary of Thermax.

Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ) is one of the leading chemical companies in Latin America producing resins and polymers.

The two companies have agreed to establish a new company in India, with Thermax holding a majority with 51% stake and OCQ holding remaining 49%. The partnership aims to establish a dedicated production facility for manufacturing acrylic resins in India.

The new entity will be responsible for manufacturing, trading, marketing and selling OCQ formulated materials by leveraging Thermax's existing resources, infrastructure and extensive customer base.

To accommodate the new operations, Thermax will adapt its existing industrial plant at Jhagadia, Gujarat, India, and establish the first production line to manufacture acrylic resins.

The new entity will strengthen Thermax’s chemical portfolio, which currently includes ion exchange resins, water treatment chemicals, oil field chemicals, and construction chemicals.

Ashish Bhandari, managing director and CEO, Thermax, said: “OCQ is a leading company in its space, and partnering with them will help us manufacture and deliver high-performance chemicals to a wide range of industries.

Initially, production will focus on acrylic resins—widely used in the paint, adhesives, infrastructure, textile and waterproofing industries. In the future, the plant will expand to include polyester and alkyd resins, among others.

This step marks the beginning of our venturing into a new line of business within the chemical range of solutions.”

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. Thermax has manufacturing facilities in India, Europe and Southeast Asia.

The company’s consolidated net profit dropped 51.37% to Rs 115.90 crore in Q3 FY25 as against Rs 238.34 crore posted in Q3 FY24. However, revenue from operations grew by 7.89% to Rs 2,507.76 crore in the quarter ended 31 December 2024.

The scrip fell 1.73% to currently trade at Rs 3274.90 on the BSE.

Powered by Capital Market - Live News

Thermax Chemical Solutions (TCSPL), a wholly-owned subsidiary of Thermax, has entered into an exclusive shareholder's agreement with Brazil-based Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ), one of the leading chemical companies in Latin America producing resins and polymers. Thermax will hold a majority 51% stake in this new company, while OCQ will have a 49% share. Both companies expect to create significant value, strengthening their global market presence and delivering high performance chemical solutions.

The new entity will be responsible for manufacturing, trading, marketing and selling OCQ formulated materials by leveraging Thermax's existing resources, infrastructure and extensive customer base. To accommodate the new operations, Thermax will adapt its existing industrial plant at Jhagadia, Gujarat, India, and establish the first production line to manufacture acrylic resins.

Powered by Capital Market - Live News

Thermax Chemical Solutions is a wholly owned subsidiary of Thermax.

Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ) is one of the leading chemical companies in Latin America producing resins and polymers.

The two companies have agreed to establish a new company in India, with Thermax holding a majority with 51% stake and OCQ holding remaining 49%. The partnership aims to establish a dedicated production facility for manufacturing acrylic resins in India.

The new entity will be responsible for manufacturing, trading, marketing and selling OCQ formulated materials by leveraging Thermax's existing resources, infrastructure and extensive customer base.

To accommodate the new operations, Thermax will adapt its existing industrial plant at Jhagadia, Gujarat, India, and establish the first production line to manufacture acrylic resins.

The new entity will strengthen Thermax’s chemical portfolio, which currently includes ion exchange resins, water treatment chemicals, oil field chemicals, and construction chemicals.

Ashish Bhandari, managing director and CEO, Thermax, said: “OCQ is a leading company in its space, and partnering with them will help us manufacture and deliver high-performance chemicals to a wide range of industries.

Initially, production will focus on acrylic resins—widely used in the paint, adhesives, infrastructure, textile and waterproofing industries. In the future, the plant will expand to include polyester and alkyd resins, among others.

This step marks the beginning of our venturing into a new line of business within the chemical range of solutions.”

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. Thermax has manufacturing facilities in India, Europe and Southeast Asia.

The company’s consolidated net profit dropped 51.37% to Rs 115.90 crore in Q3 FY25 as against Rs 238.34 crore posted in Q3 FY24. However, revenue from operations grew by 7.89% to Rs 2,507.76 crore in the quarter ended 31 December 2024.

The scrip fell 1.73% to currently trade at Rs 3274.90 on the BSE.

Powered by Capital Market - Live News

Thermax Chemical Solutions (TCSPL), a wholly-owned subsidiary of Thermax, has entered into an exclusive shareholder's agreement with Brazil-based Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ), one of the leading chemical companies in Latin America producing resins and polymers. Thermax will hold a majority 51% stake in this new company, while OCQ will have a 49% share. Both companies expect to create significant value, strengthening their global market presence and delivering high performance chemical solutions.

The new entity will be responsible for manufacturing, trading, marketing and selling OCQ formulated materials by leveraging Thermax's existing resources, infrastructure and extensive customer base. To accommodate the new operations, Thermax will adapt its existing industrial plant at Jhagadia, Gujarat, India, and establish the first production line to manufacture acrylic resins.

Powered by Capital Market - Live News

Thermax Ltd rose for a third straight session today. The stock is quoting at Rs 3344, up 3.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 22451.5. The Sensex is at 74133.19, up 0.55%. Thermax Ltd has dropped around 1.3% in last one month.

Meanwhile, Nifty Energy index of which Thermax Ltd is a constituent, has dropped around 3.73% in last one month and is currently quoting at 31099.45, up 1.59% on the day. The volume in the stock stood at 46166 shares today, compared to the daily average of 1.48 lakh shares in last one month.

The PE of the stock is 90.66 based on TTM earnings ending December 24.

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