Thermax Limited
Stock Forecast, Prediction & Price Target

	Passed			Analyst forecast
Metric	3/31/2021	3/31/2022	3/31/2024	3/31/2026	3/31/2027	3/31/2028
Revenue % change YoY	₹47.10B N/A	₹60.64B 28.74%	₹92.37B 52.32%	Avg: ₹126.08B Low: ₹112.70B High: ₹140.31B avg. 36.49%	Avg: ₹148.98B Low: ₹137.00B High: ₹162.64B avg. 18.15%	Avg: ₹127.45B Low: ₹117.20B High: ₹139.14B avg. -14.44%
Net Income % change YoY	₹2.06B N/A	₹3.12B 51.18%	₹6.45B 106.61%	Avg: ₹9.22B Low: ₹7.84B High: ₹10.71B avg. 43.03%	Avg: ₹11.65B Low: ₹9.49B High: ₹13.95B avg. 26.32%	Avg: ₹10.20B Low: ₹9.13B High: ₹11.42B avg. -12.46%
EBITDA % change YoY	₹4.02B N/A	₹4.91B 22.07%	₹10.80B 119.93%	Avg: ₹11.11B Low: ₹9.93B High: ₹12.36B avg. 2.85%	Avg: ₹13.12B Low: ₹12.07B High: ₹14.33B avg. 18.15%	Avg: ₹11.23B Low: ₹10.32B High: ₹12.26B avg. -14.44%
EPS % change YoY	$18.34 N/A	$27.73 51.19%	$57.3 106.63%	Avg: $80.06 Low: $69.6 High: $95.1 avg. 39.72%	Avg: $101.72 Low: $84.3 High: $123.9 avg. 27.05%	Avg: $90.6 Low: $81.13 High: $101.4 avg. -10.93%
Operating Expenses % change YoY	₹12.69B N/A	₹14.52B 14.41%	₹11.89B -18.09%	Avg: ₹11.06B Low: ₹9.88B High: ₹12.31B avg. -6.97%	Avg: ₹13.07B Low: ₹12.02B High: ₹14.27B avg. 18.15%	Avg: ₹11.18B Low: ₹10.28B High: ₹12.20B avg. -14.44%

FAQ

Wall Street analysts estimate the annual average earnings growth rate of 18.96% in 2026-2028.

We have gathered data from 18 analysts. Their low estimate is 7.84B, average is 9.22B and high is 10.71B.

Wall Street analysts forecast annual average revenue growth of 13.40% in 2026-2028.

We have gathered data from 19 analysts. Their low revenue estimate is ₹112.70B, average is ₹126.08B and high is ₹140.31B.

Wall Street analysts forecast annual average earnings growth of 18.61% in 2026-2028.

We have gathered data from 18 analysts. Their low earnings per share estimate is $69.6, average is $80.06 and high is ₹95.1.