Thermax (NSE:THERMAX) EBIT per Share: ₹101.78 (TTM As of Mar. 2026)

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NSE:THERMAX Thermax Ltd NSE:THERMAX
77 GF Score
Price ₹4,718.50
GF Value ₹3,915.09
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Thermax EBIT per Share?

Thermax NSE:THERMAX -2.53% 77 EBIT per Share is ₹101.78 as of Mar. 2026. GuruFocus rates NSE:THERMAX with a GF Score™ of 77/100 and a GF Value™ of ₹3,915.09 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 461 Conglomerates companies, Thermax ranks better than 69.85% on this metric.

Thermax's EBIT per Share for the three months ended in Mar. 2026 was ₹33.41. Its EBIT per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹101.78.

During the past 12 months, the average EBIT per Share Growth Rate of Thermax was 12.10% per year. During the past 3 years, the average EBIT per Share Growth Rate was 21.60% per year. During the past 5 years, the average EBIT per Share Growth Rate was 36.80% per year. During the past 10 years, the average EBIT per Share Growth Rate was 9.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBIT per Share growth rate using EBIT per Share data.

The historical rank and industry rank for Thermax's EBIT per Share or its related term are showing as below:

NSE:THERMAX' s 3-Year EBIT Growth Rate Range Over the Past 10 Years
Min: -17   Med: 4.1   Max: 62.3
Current: 21.6

During the past 13 years, the highest 3-Year average EBIT per Share Growth Rate of Thermax was 62.30% per year. The lowest was -17.00% per year. And the median was 4.10% per year.

NSE:THERMAX's 3-Year EBIT Growth Rate is ranked better than
69.85% of 461 companies
in the Conglomerates industry
Industry Median: 8.7 vs NSE:THERMAX: 21.60

Thermax's EBIT for the three months ended in Mar. 2026 was ₹3,765 Mil.


Thermax  (NSE:THERMAX) EBIT per Share Explanation

EBIT is a company's earnings before interest and tax expenses are deducted. It measures a company's profit generates from operating, ignoring tax burden and capital structure. As the tax expense are not deducted, EBIT is helpful when comparing companies in the same industry but with different tax situations. Also, the interest expense are included in EBIT, making it useful to compare companies that have high interest expenses due to large amount of debt.


Thermax EBIT per Share Related Terms


Thermax EBIT per Share Historical Data

* Premium members only.

The historical data trend for Thermax's EBIT per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thermax EBIT per Share Chart

Thermax Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.64 56.84 84.77 88.64 101.46

Thermax Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.46 21.44 18.27 28.66 33.41
NSE:THERMAX
77GF Score
Thermax Ltd NSE:THERMAX
EBIT per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Thermax EBIT per Share Calculation

EBIT per Share is the amount of Earnings Before Interest and Taxes (EBIT) per outstanding share of the company's stock.

Earnings Before Interest and Taxes (EBIT) is what the company earns before it expenses interest and taxes.

Thermax's EBIT per Share for the fiscal year that ended in Mar. 2026 is calculated as

EBIT per Share(A: Mar. 2026 )
=EBIT/Shares Outstanding (Diluted Average)
=11432.3/112.677
=101.46

Thermax's EBIT per Share for the quarter that ended in Mar. 2026 is calculated as

EBIT per Share(Q: Mar. 2026 )
=EBIT/Shares Outstanding (Diluted Average)
=3764.8/112.675
=33.41

EBIT per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹101.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT per Share →
What does a EBIT per Share of ₹101.78 mean?
Thermax (NSE:THERMAX) has a EBIT per Share of ₹101.78 as of Mar. 2026. EBIT per Share is the amount of Earnings Before Interest and Taxes per outstanding share of the company's stock. View historical data on Thermax and its competitors. According to the industry distribution chart, Thermax ranks #139 out of 461 companies in the Conglomerates industry, placing it in the top 30.2%.
Is Thermax's EBIT per Share too high?
Thermax's current EBIT per Share is ₹101.78. Based on the distribution chart, Thermax ranks #139 out of 461 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Thermax has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thermax's EBIT per Share compare to HON and MMM?
According to the Conglomerates industry distribution chart, Thermax ranks #139 out of 461 companies for EBIT per Share. This puts Thermax in the upper half of its industry. The industry median EBIT per Share is 8.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT per Share for a Conglomerates company?
The median EBIT per Share among Conglomerates companies is 8.70, based on 461 companies in the industry. Companies in the top quartile (top 25%) have a EBIT per Share significantly above this median, while those in the bottom quartile fall well below. However, EBIT per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT per Share mean?
A high EBIT per Share can signal that a stock is expensive relative to its fundamentals. EBIT per Share is the amount of Earnings Before Interest and Taxes per outstanding share of the company's stock. View historical data on Thermax and its competitors. For the Conglomerates industry, the median EBIT per Share is 8.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermax's current EBIT per Share is ₹101.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermax stock overvalued right now?
Based on GuruFocus' analysis, Thermax (NSE:THERMAX) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹3,915.09, compared to a current price of ₹4,718.50 — trading 20.5% above its estimated fair value. The current EBIT per Share is ₹101.78. Thermax's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT per Share calculated?
EBIT per Share is calculated from a company's financial statements. For Thermax (NSE:THERMAX), the current EBIT per Share is ₹101.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thermax (NSE:THERMAX) Overvalued in 2026?

Based on GuruFocus' analysis, Thermax stock appears to be overvalued. The current stock price of ₹4,718.50 is trading 20.5% above its estimated GF Value™ of ₹3,915.09. GuruFocus considers Thermax to be Modestly Overvalued.

Key valuation signals for NSE:THERMAX:

  • EBIT per Share: ₹101.78
  • GF Value™: ₹3,915.09 vs. price of ₹4,718.50 (20.5% above fair value)
  • GF Score™: 77/100 with 6 warning signs

No single metric tells the full story. See the NSE:THERMAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thermax Business Description

Other Exchanges 500411:India
Address 14, Mumbai-Pune Road, Thermax House, Wakdewadi, Pune, MH, IND, 411 003
Thermax Ltd is a company that provides engineering solutions. The company operates through four reportable segments which are industrial products, industrial infra, green solutions, and chemicals. It earns the majority of its revenue from the Industrial Infra segment. The Company's portfolio includes boilers and heaters, absorption chillers/heat pumps, power plants, solar equipment, related services, air pollution control equipment/system, water and waste recycle plants, ion exchange resins and performance chemicals and related services The company generates more than half of its revenue from India.
77GF Score

Get the complete analysis for NSE:THERMAX

EBIT per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,718.50
Price
₹3,915.09
GF Value