Thermax (THERMAX) Shareholding Pattern

NSE: THERMAX • Promoter, FII, DII Holdings for Tickjournal
Promoter Holding 61.98%
FII Holding 12.36%
DII Holding 14.84%
Public Holding 4.52%
Total Shareholders 77,455
As of Dec 2025
View the latest shareholding pattern of Thermax (THERMAX) including promoter, FII, DII, and public holdings. Track THERMAX ownership changes over time and document your investment thesis in Tickjournal — your personal trade journal. (See THERMAX P/E ratio)

Thermax (THERMAX) Shareholding Summary

  • Promoter holding remains unchanged at 61.98% in Dec 2025
  • FII/FPI have decreased holdings from 13.44% to 12.36% in Dec 2025
  • DIIs have increased holdings from 13.95% to 14.84% in Dec 2025
  • Institutional investors have decreased holdings from 27.39% to 27.20% in Dec 2025
  • Public holding has increased from 4.26% to 4.52% in Dec 2025
  • Number of shareholders increased from 71,208 to 77,455 in Dec 2025

THERMAX Quarterly Ownership Changes

Quarter-over-quarter changes for Thermax from Sept 2025 to Dec 2025.

Promoter Holding Change
Sept 2025 to Dec 2025
No Change
FII Holding Change
Sept 2025 to Dec 2025
-1.08%
DII Holding Change
Sept 2025 to Dec 2025
+0.89%
Public Holding Change
Sept 2025 to Dec 2025
+0.26%

Thermax (THERMAX) Quarterly Shareholding Trends

Visual breakdown of THERMAX ownership distribution over time. Learn more about Thermax share price performance.

Promoter
FII
DII
Public
Government

Rising institutional holdings in THERMAX often correlate with improved fundamentals. Check out THERMAX DCF.

Thermax (THERMAX) Shareholding Data

Download complete THERMAX ownership data for offline analysis. Discover Thermax annual reports.

Period Promoter (%) FII (%) DII (%) Govt (%) Public (%) Other (%) Total (%) Shareholders
Dec 2025 61.98% 12.36% 14.84% 0.00% 4.52% 6.30% 100.00% 77,455
Sept 2025 61.98% 13.44% 13.95% 0.00% 4.26% 6.37% 100.00% 71,208
Jun 2025 61.98% 16.02% 11.75% 0.00% 4.00% 6.26% 100.01% 62,986
Mar 2025 61.98% 15.86% 12.25% 0.00% 3.71% 6.19% 99.99% 53,687
Dec 2024 61.98% 15.49% 12.66% 0.00% 3.67% 6.20% 100.00% 50,755
Sept 2024 61.98% 15.38% 12.72% 0.00% 3.73% 6.19% 100.00% 51,876
Jun 2024 61.98% 15.15% 12.88% 0.00% 3.78% 6.21% 100.00% 48,966
Mar 2024 61.98% 12.24% 15.82% 0.00% 3.71% 6.25% 100.00% 40,819
Dec 2023 61.98% 0.00% 15.71% 0.00% 3.83% 18.48% 100.00% 39,547
Sept 2023 61.98% 0.00% 15.46% 0.00% 3.74% 18.82% 100.00% 35,616
Jun 2023 61.98% 0.00% 15.46% 0.00% 3.91% 18.64% 99.99% 39,815
Mar 2023 61.98% 0.00% 15.63% 0.00% 3.84% 18.54% 99.99% 36,103
Dec 2022 61.98% 0.00% 15.34% 0.00% 4.09% 18.59% 100.00% 39,943
Sept 2022 61.98% 0.00% 15.27% 0.00% 4.01% 18.73% 99.99% 37,910
Jun 2022 61.98% 0.00% 13.21% 0.00% 4.08% 20.72% 99.99% 36,255
Mar 2022 61.98% 0.00% 13.17% 0.00% 4.22% 20.63% 100.00% 34,440
Dec 2021 61.98% 0.00% 12.72% 0.00% 4.37% 20.93% 100.00% 34,088
Sept 2021 61.98% 0.00% 12.00% 0.00% 4.38% 21.65% 100.01% 32,015
Jun 2021 61.98% 0.00% 12.77% 0.00% 4.52% 20.73% 100.00% 32,515
Mar 2021 61.98% 0.00% 12.80% 0.00% 4.61% 20.61% 100.00% 31,546

THERMAX promoter holding above 50% indicates strong insider confidence. Explore the THERMAX annual price range for detailed insights.

Quarter Promoter (%) FII (%) DII (%) Govt (%) Public (%) Other (%) Total (%) Shareholders
Dec 2025 61.98% 12.36% 14.84% 0.00% 4.52% 6.30% 100.00% 77,455
Sept 2025 61.98% 13.44% 13.95% 0.00% 4.26% 6.37% 100.00% 71,208
Jun 2025 61.98% 16.02% 11.75% 0.00% 4.00% 6.26% 100.01% 62,986
Mar 2025 61.98% 15.86% 12.25% 0.00% 3.71% 6.19% 99.99% 53,687
Dec 2024 61.98% 15.49% 12.66% 0.00% 3.67% 6.20% 100.00% 50,755
Sept 2024 61.98% 15.38% 12.72% 0.00% 3.73% 6.19% 100.00% 51,876
Jun 2024 61.98% 15.15% 12.88% 0.00% 3.78% 6.21% 100.00% 48,966
Mar 2024 61.98% 12.24% 15.82% 0.00% 3.71% 6.25% 100.00% 40,819
Dec 2023 61.98% 0.00% 15.71% 0.00% 3.83% 18.48% 100.00% 39,547
Sept 2023 61.98% 0.00% 15.46% 0.00% 3.74% 18.82% 100.00% 35,616
Jun 2023 61.98% 0.00% 15.46% 0.00% 3.91% 18.64% 99.99% 39,815
Mar 2023 61.98% 0.00% 15.63% 0.00% 3.84% 18.54% 99.99% 36,103

Quarterly data helps track institutional investment cycles.

Year Promoter (%) FII (%) DII (%) Govt (%) Public (%) Other (%) Total (%) Shareholders
Dec 2025 61.98% 12.36% 14.84% 0.00% 4.52% 6.30% 100.00% 77,455
Dec 2024 61.98% 15.49% 12.66% 0.00% 3.67% 6.20% 100.00% 50,755
Dec 2023 61.98% 0.00% 15.71% 0.00% 3.83% 18.48% 100.00% 39,547
Dec 2022 61.98% 0.00% 15.34% 0.00% 4.09% 18.59% 100.00% 39,943
Dec 2021 61.98% 0.00% 12.72% 0.00% 4.37% 20.93% 100.00% 34,088

Year-over-year trends reveal long-term ownership shifts.

Understanding Thermax (THERMAX) Shareholding Pattern

Thermax shareholding pattern reveals who owns THERMAX stock and how ownership changes over time. High promoter stakes in THERMAX often signal management confidence, while rising FII/DII holdings suggest growing institutional interest. Use Tickjournal to log these insights alongside your THERMAX trades. THERMAX book value

Combine THERMAX ownership analysis with price movements and financial performance for a complete investment picture. (See THERMAX dividend history)