Thermax Ltd

Thermax Ltd

Fortune 500 2024
+ 14 More
+ 14 More
OVERVIEW
FINANCIALS

About

The foundations of Thermax were originally laid by the late A S Bhathena, who started Wanson (India) in 1966. The company was renamed Thermax in 1980 after he retired and the late Rohinton D Aga took over as Chairman & MD. The firm is an engineering company, headquartered in Pune, providing sustainable solutions in energy and environment. The business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. They operate globally with a presence that spans across 88 countries through 29 international offices and 14 manufacturing facilities – 10 of which are in India and 4 overseas . The group consists of 7 wholly owned domestic subsidiaries and 21 wholly owned overseas subsidiaries.

Incorporation Year: 1980
Headquarters: Pune, India
Top Management: Founder : A S Bhatena , current : ANU AGA
Industry: Engineering & Construction

Featured In Fortune India Ranking

Fortune 500 India
#252(2024)
#263(2023)
#265(2022)
#274(2021)
#224(2020)
#240(2019)
#278(2018)
#260(2017)
#222(2016)
#216(2015)
#217(2014)
#194(2013)
#163(2012)
#157(2011)
#202(2010)
#252(2024)#263(2023)#265(2022)#274(2021)#224(2020)#240(2019)#278(2018)#260(2017)#222(2016)#216(2015)#217(2014)#194(2013)#163(2012)#157(2011)#202(2010)
Ranking Trend Fortune 500 India

Financial Data 2024

Revenue
9,717
(INR Cr)
Net Operating Income
9,323
(INR Cr)
Assets
5,887
(INR Cr)
Profit
645
(INR Cr)
Net Worth
4,440
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
9717
18.2%
8221
28.5%
6398
30.3%
4911
-16.0%
5846
-4.8%
6141
33.3%
4609
0.7%
4577
-13.3%
5278
-2.3%
5404
3.7%
5212
-6.9%
5597
-9.4%
6177
13.8%
5426
59.0%
3413
-2.4%
3497
-
Net Operating Income
(INR Cr)
9323
15.25%
8090
32.01%
6128
27.91%
4791
-16.40%
5731
-4.05%
5973
33.78%
4465
-0.41%
4483
-12.86%
5145
-3.01%
5304
4.01%
5100
-7.13%
5492
-9.84%
6091
14.95%
5299
64.80%
3215
-1.73%
3272
-4.76%
Profit
(INR Cr)
645
43.3%
450
44.2%
312
51.2%
207
-2.8%
212
-34.7%
325
40.2%
232
4.1%
223
-21.0%
282
34.6%
210
-14.7%
246
-23.2%
320
-20.7%
404
5.7%
382
164.5%
144
-50.1%
289
-
Assets
(INR Cr)
5887
22.1%
4820
20.6%
3998
7.2%
3728
10.9%
3362
0.6%
3341
10.3%
3031
9.5%
2769
2.1%
2711
-9.9%
3008
-4.7%
3156
28.4%
2458
19.2%
2062
31.4%
1569
43.2%
1096
10.1%
995
-
Net Worth
(INR Cr)
4440
14.8%
3868
10.8%
3492
7.4%
3251
7.4%
3028
0.5%
3014
11.0%
2715
7.0%
2538
5.0%
2416
12.6%
2146
5.3%
2038
9.1%
1869
14.7%
1629
23.9%
1315
22.0%
1078
8.8%
991
30.5%
Employee Cost
(INR Cr)
1159
20.8%
960
18.1%
813
7.1%
759
-5.1%
799
3.9%
769
12.7%
683
-0.7%
688
3.8%
662
-6.6%
709
1.0%
702
14.7%
612
9.8%
558
22.7%
455
37.8%
330
14.5%
288
-
Interest Cost
(INR Cr)
88382521151413101282392622151311
Cash & Bank Balance
(INR Cr)
97511329541939481369294221298384451321698688670373
Total Debt
(INR Cr)
127783136832823024023413619568876142327314884

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 6.6%5.5%4.9%4.2%3.6%5.3%5.0%4.9%5.4%3.9%4.7%5.7%6.5%7.0%4.2%8.3%
Profit As % Of Assets 11.0%9.3%7.8%5.5%6.3%9.7%7.7%8.1%10.4%7.0%7.8%13.0%19.6%24.3%13.2%29.0%
Profit As % Of Networth 14.5%11.6%8.9%6.4%7.0%10.8%8.6%8.8%11.7%9.8%12.1%17.1%24.8%29.0%13.4%29.2%
Interest Cost to EBITDA % 11.7%6.3%6.0%6.8%3.7%3.9%3.4%2.3%2.8%19.9%8.6%5.3%3.7%2.7%6.6%3.0%
Debt to Equity Ratio 0.290.210.110.100.080.080.090.050.080.320.370.230.170.110.010.00
RONW 15.5%12.3%9.3%7.8%7.0%13.0%8.8%11.4%14.2%7.1%10.9%16.4%25.2%30.7%24.9%33.0%
ROCE 17.9%14.5%11.3%9.9%11.6%16.2%14.1%16.3%17.0%13.5%15.6%22.5%34.1%44.1%39.5%49.8%