Thermax Market Cap ($4.45B USD)
Thermax Market Cap ($4.45B USD). As of Oct. 5, 2026, Thermax (THERMAX) market capitalisation is ₹40043.67 Cr ($4.45B), with 12.40 Cr shares outstanding at a current price of ₹3228.20 on NSE, ranking 230 out of 5368 companies by market cap in our screener. Thermax operates in the Capital Goods sector and is classified as a Large Cap stock. Examine THERMAX Q4 results for recent quarterly revenue, profit and EPS trends.
Market Cap History of Thermax (Last 10 Years)
THERMAX market capitalisation from year-end NSE closing prices over the last 10 years. Compare with Thermax value estimation to assess whether the stock is under or overvalued.
End of Year Market Cap History — Thermax
THERMAX year-end market cap in INR and USD with closing share price and annual change — NSE closing prices. For live price, earnings and the complete company profile, see Thermax share price screener.
| Year | Market Cap | Share Price | Exchange | Change |
|---|---|---|---|---|
| 2026 |
₹40043.67 Cr
$4.45B USD
|
₹3228.20 | NSE | +6.80% |
| 2025 |
₹37493.34 Cr
$4.17B USD
|
₹3022.60 | NSE | -25.18% |
| 2024 |
₹50110.41 Cr
$5.57B USD
|
₹4039.75 | NSE | +31.10% |
| 2023 |
₹38223.95 Cr
$4.25B USD
|
₹3081.50 | NSE | +56.56% |
| 2022 |
₹24414.21 Cr
$2.71B USD
|
₹1968.20 | NSE | +10.15% |
| 2021 |
₹22165.30 Cr
$2.46B USD
|
₹1786.90 | NSE | +96.81% |
| 2020 |
₹11262.51 Cr
$1.25B USD
|
₹907.95 | NSE | -16.13% |
| 2019 |
₹13428.93 Cr
$1.49B USD
|
₹1082.60 | NSE | -3.36% |
| 2018 |
₹13895.95 Cr
$1.54B USD
|
₹1120.25 | NSE | -8.46% |
| 2017 |
₹15179.80 Cr
$1.69B USD
|
₹1223.75 | NSE | +64.57% |
| 2016 |
₹9223.86 Cr
$1.02B USD
|
₹743.60 | NSE | -17.78% |
| 2015 |
₹11219.10 Cr
$1.25B USD
|
₹904.45 | NSE | -15.33% |
| 2014 |
₹13249.69 Cr
$1.47B USD
|
₹1068.15 | NSE | +50.24% |
| 2013 |
₹8818.86 Cr
$979.87M USD
|
₹710.95 | NSE | +15.25% |
| 2012 |
₹7652.23 Cr
$850.25M USD
|
₹616.90 | NSE | +56.81% |
| 2011 |
₹4879.86 Cr
$542.21M USD
|
₹393.40 | NSE | -54.86% |
| 2010 |
₹10811.00 Cr
$1.20B USD
|
₹871.55 | NSE | +43.10% |
| 2009 |
₹7554.86 Cr
$839.43M USD
|
₹609.05 | NSE | +238.55% |
| 2008 |
₹2231.54 Cr
$247.95M USD
|
₹179.90 | NSE | -78.04% |
| 2007 |
₹10160.39 Cr
$1.13B USD
|
₹819.10 | NSE | +110.73% |
| 2006 |
₹4821.56 Cr
$535.73M USD
|
₹388.70 | NSE | +106.25% |
| 2005 |
₹2337.72 Cr
$259.75M USD
|
₹188.46 | NSE | +72.41% |
| 2004 |
₹1355.92 Cr
$150.66M USD
|
₹109.31 | NSE | +31.79% |
| 2003 |
₹1028.82 Cr
$114.31M USD
|
₹82.94 | NSE | - |