Thermax (NSE:THERMAX) Inventories, Raw Materials & Components: ₹5,865 Mil (As of Mar. 2026)


NSE:THERMAX Thermax Ltd NSE:THERMAX
83 GF Score
Price ₹4,736.50
GF Value ₹3,878.53
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Thermax Inventories, Raw Materials & Components?

Thermax NSE:THERMAX +2.80% 83 Inventories, Raw Materials & Components is ₹5,865 Mil as of Mar. 2026. GuruFocus rates NSE:THERMAX with a GF Score™ of 83/100 and a GF Value™ of ₹3,878.53 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Thermax's inventories, raw materials & components for the quarter that ended in Mar. 2026 was ₹5,865 Mil.

Thermax's quarterly raw materials stayed the same from Sep. 2025 (₹0 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹5,865 Mil).

Thermax's annual raw materials increased from Mar. 2024 (₹4,371 Mil) to Mar. 2025 (₹4,426 Mil) and increased from Mar. 2025 (₹4,426 Mil) to Mar. 2026 (₹5,865 Mil).

Thermax Inventories, Raw Materials & Components Historical Data

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The historical data trend for Thermax's Inventories, Raw Materials & Components 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 Inventories, Raw Materials & Components Chart

Thermax Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventories, Raw Materials & Components
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,049.90 4,628.60 4,371.40 4,425.90 5,864.60

Thermax Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Raw Materials & Components 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 4,425.90 0.00 0.00 0.00 5,864.60
NSE:THERMAX
83GF Score
Thermax Ltd NSE:THERMAX
Inventories, Raw Materials & Components is just one metric. See GF Score™, valuation, warning signs, and more.
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Thermax Inventories, Raw Materials & Components Calculation

Materials and components scheduled for use in making a product.

What does a Inventories, Raw Materials & Components of ₹5,865 Mil mean?
Thermax (NSE:THERMAX) has a Inventories, Raw Materials & Components of ₹5,865 Mil as of Mar. 2026. Raw materials are the components a company uses for its main products. View historical data on Thermax and its competitors.
Is Thermax's Inventories, Raw Materials & Components too high?
Thermax's current Inventories, Raw Materials & Components is ₹5,865 Mil. Overall, Thermax has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thermax's Inventories, Raw Materials & Components compare to HON and MMM?
Thermax's Inventories, Raw Materials & Components of ₹5,865 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Raw Materials & Components for a Conglomerates company?
A good Inventories, Raw Materials & Components depends on the Conglomerates industry context. However, Inventories, Raw Materials & Components 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 Inventories, Raw Materials & Components mean?
A high Inventories, Raw Materials & Components can signal that a stock is expensive relative to its fundamentals. Raw materials are the components a company uses for its main products. View historical data on Thermax and its competitors. Thermax's current Inventories, Raw Materials & Components is ₹5,865 Mil. 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 ₹3,878.53, compared to a current price of ₹4,736.50 — trading 22.1% above its estimated fair value. The current Inventories, Raw Materials & Components is ₹5,865 Mil. Thermax's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Raw Materials & Components calculated?
Inventories, Raw Materials & Components is calculated from a company's financial statements. For Thermax (NSE:THERMAX), the current Inventories, Raw Materials & Components is ₹5,865 Mil 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 ₹4,736.50 is trading 22.1% above its estimated GF Value™ of ₹3,878.53. GuruFocus considers Thermax to be Modestly Overvalued.

Key valuation signals for NSE:THERMAX:

  • Inventories, Raw Materials & Components: ₹5,865 Mil
  • GF Value™: ₹3,878.53 vs. price of ₹4,736.50 (22.1% above fair value)
  • GF Score™: 83/100 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.
83GF Score

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Inventories, Raw Materials & Components is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,736.50
Price
₹3,878.53
GF Value