Thermax block deals, bulk deals, insider trading and stake changes
NSE: THERMAXBSE: 500411Electrical EquipmentMid Cap
Last close ₹3,096.00down ₹65.30 (2.07%)BSE ₹3,095.60
Share price at the NSE close on 23 Oct 2026. Previous close ₹3,161.30.
52-week range of traded prices to 23 Oct 2026
₹2,742.70Low, 8 Dec 2025₹5,277.80High, 29 Jun 2026
- Next results date: the board meets on 5 Nov 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹36,891 Cr212th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 30 Jul 2026
- 62.2
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹61 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 69.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 7 May 2026
- 6.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.65%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 30 Jul 2026
- 11.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹61 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 10.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 30 Jul 2026
- 8.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 7 May 2026
- 0.41
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,76,73957.6% delivered
Promoter and insider buying and selling
Trades made since 23 Oct 2025.Thermax promoter holding
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Thermax insider trading
All 36 disclosures on record. The company's own latest disclosure on record is from Sep 2022.Insider trading, all companies
Aug 2026
- HEMANT JOSHI₹0.24 Cr599 sharesBought · Designated Person · 11 Aug 2026 · disclosed 30 Sep
- MR. RAJENDRAN ARUNACHALAM₹0.38 Cr929 sharesBought · Designated Person · 10 Aug 2026 · disclosed 30 Sep
- MAHESH CHANNAKESHAVIAH BUKINKERE₹0.43 Cr1,065 sharesBought · Designated Person · 10 Aug 2026 · disclosed 30 Sep
Jul 2026
- VIKAS SHARMA₹0.16 Cr341 sharesBought · Designated Person · 13 Jul 2026 · disclosed 29 Sep
Jun 2026
- ASHISH BHANDARI₹3.38 Cr7,000 sharesSold or invoked · Designated Person · 25 Jun 2026 · disclosed 30 Jun
- ASHISH BHANDARI₹2.74 Cr5,700 sharesBought · Designated Person · 23 Jun 2026 · disclosed 29 Jun
May 2026
- KIRTIRAJ JILKAR₹0.22 Cr510 sharesBought · Designated Person · 18 May 2026 · disclosed 22 May
Mar 2026
- KHORSHED KAVAS BHARUCHA₹0.22 Cr690 sharesSold or invoked · Promoter · 25 Mar 2026 · disclosed 7 Apr
Dec 2025
- NIRANJAN PAWGI₹0.24 Cr875 sharesBought · Designated Person · 11 Dec 2025 · disclosed 15 Dec
Earlier, Jun 2019 to Sep 2025Hide earlier
Sep 2025
- JASMEET SINGH BHATIA₹0.33 Cr987 sharesBought · Designated Person · 19 Sep 2025 · disclosed 25 Sep
Aug 2025
- MAHESH CHANNAKESHAVIAH BUKINKERE₹0.56 Cr1,713 sharesBought · Designated Person · 22 Aug 2025 · disclosed 26 Aug
Jun 2025
- AMIT SETHI₹0.26 Cr736 sharesBought · Designated Person · 12 Jun 2025 · disclosed 17 Jun
May 2025
- JASMEET SINGH BHATIA₹0.14 Cr400 sharesSold or invoked · Designated Person · 27 May 2025 · disclosed 30 May
- MR. RAJENDRAN ARUNACHALAM₹0.38 Cr1,065 sharesBought · Designated Person · 15 May 2025 · disclosed 28 May
Feb 2025
- MR. RAJENDRAN ARUNACHALAM₹0.28 Cr841 sharesBought · Designated Person · 20 Feb 2025 · disclosed 3 Mar
Jun 2024
- MAHESH CHANNAKESHAVIAH BUKINKERE₹0.48 Cr911 sharesBought · Designated Person · 18 Jun 2024 · disclosed 21 Jun
- BINAIFER GAGRAT₹0.11 Cr200 sharesSold or invoked · Designated Person · 3 Jun 2024 · disclosed 5 Jun
Mar 2024
- BINAIFER GAGRAT₹0.04 Cr100 sharesSold or invoked · Designated Person · 27 Mar 2024 · disclosed 4 Apr
- BINAIFER GAGRAT₹0.08 Cr200 sharesSold or invoked · Designated Person · 26 Mar 2024 · disclosed 4 Apr
- MR. PRAVIN KARVE₹1.02 Cr2,500 sharesSold or invoked · Designated Person · 26 Mar 2024 · disclosed 4 Apr
Feb 2024
- BINAIFER GAGRAT₹0.18 Cr500 sharesSold or invoked · Designated Person · 22 Feb 2024 · disclosed 26 Feb
Sep 2023
- MR. PRAVIN KARVE₹1.40 Cr4,799 sharesBought · Designated Person · 11 Sep 2023 · disclosed 15 Sep
Jul 2023
- SHEKHAR KASHALIKAR₹0.10 Cr437 sharesBought · Designated Person · 14 Jul 2023 · disclosed 18 Jul
Apr 2023
- SATISH MADHUKAR CHINCHALKAR₹0.11 Cr500 sharesPledge · Designated Person · 20 Apr 2023 · disclosed 25 Apr
Mar 2023
- RAVINDER ADVANI₹0.11 Cr500 sharesPledge · Designated Person · 13 Mar 2023 · disclosed 21 Mar
Nov 2022
- RAVINDER ADVANI₹0.11 Cr500 sharesPledge · Designated Person · 21 Nov 2022 · disclosed 13 Dec
Sep 2022
- Binaifer Gagrat₹0.13 Cr500 sharesSold · Employees/Designated Employees · 19 Sep 2022 · stake 0.11% before, 0.11% after
- Binaifer Gagrat₹0.03 Cr100 sharesSold · Employees/Designated Employees · 16 Sep 2022 · disclosed 19 Sep · stake 0.11% before, 0.11% after
- Binaifer Gagrat₹0.03 Cr100 sharesSold · Employees/Designated Employees · 15 Sep 2022 · disclosed 19 Sep · stake 0.11% before, 0.11% after
- Binaifer Gagrat₹0.03 Cr100 sharesSold · Employees/Designated Employees · 15 Sep 2022 · disclosed 19 Sep · stake 0.11% before, 0.11% after
- BINAIFER GAGRAT₹0.08 Cr300 sharesSold or invoked · Designated Person · 15 Sep 2022 · disclosed 23 Sep
- Binaifer Gagrat₹0.08 Cr334 sharesSold · Employees/Designated Employees · 8 Sep 2022 · disclosed 9 Sep · stake 0.11% before, 0.11% after
Aug 2022
- BINAIFER GAGRAT₹0.13 Cr534 sharesSold or invoked · Designated Person · 25 Aug 2022 · disclosed 22 Sep
- Binaifer Gagrat₹0.05 Cr200 sharesSold · Employees/Designated Employees · 25 Aug 2022 · disclosed 9 Sep · stake 0.11% before, 0.11% after
- Indu Jacob₹0.27 Cr1,289 sharesSold · Employees/Designated Employees · 16 Aug 2022 · disclosed 18 Aug · held 1,289 before, holds 1,289 after
Jun 2019
- Binaifer Gagrat₹3.78 Cr35,512 sharesReceived · Employees/Designated Employees · 26 Jun 2019 · disclosed 9 Jul · Gift · stake 0.08% before, 0.11% after
Trades by the company's promoters, directors, key managers, employees and their relatives, as each disclosed them. Value is what the filer stated; the mode is shown where the shares moved off the market.
Thermax stake sales and purchases
All 8 disclosures on record.
Sep 2026
- SoldSBI Mutual fund under its Various Schemes0.01% of the company7,776 sharesholds 5.60% after3 Sep 2026 · filed under the 2% rule
Aug 2025
- AcquiredSBI Mutual fund under its Various Schemes0.91% of the company10,85,943 sharesholds 7.60% after26 Aug 2025 · filed under the 2% rule
Jun 2025
- SoldKotak Mahindra Mutual Fund0.24% of the company2,90,578 sharesholds 2.75% after11 Jun 2025 · filed under the 2% rule · Open Market
Jul 2024
- AcquiredSBI Mutual Fund under its Various Schemes0.20% of the company2,39,561 sharesholds 5.09% after22 Jul 2024 · filed under the 5% rule
Jun 2024
- SoldKotak Mahindra Mutual Fund0.02% of the company25,000 sharesholds 4.99% after3 Jun 2024 · filed under the 2% rule · Open Market
Apr 2020
- AcquiredNalanda India Equity Fund Limited0.83% of the company9,90,740 sharesholds 5.44% after29 Apr 2020 · filed under the 5% rule · Open Market
Earlier, Apr 2019 to Feb 2020Hide earlier
Feb 2020
- AcquiredKotak Mahindra Mutual Fund0.14% of the company1,61,901 sharesholds 5.11% after18 Feb 2020 · filed under the 5% rule · Open Market
Apr 2019
- DisclosedMatthews Pacific Tiger Fundholds 2.83% after1 Apr 2019 · filed under the 5% rule · Open Market
The 5% rule: an investor discloses on reaching 5% of the company. The 2% rule: a holder of 5% or more discloses each change of 2% or more, including one that takes it below 5%. A transfer exempt from an open offer, the offer to buy from every other shareholder that a large purchase otherwise brings, is disclosed too. Each line shows what its filing states, which can be a smaller change than its rule names.
Thermax block deals and bulk deals
None in the last 12 months, since 23 Oct 2025.Today's bulk and block deals, all companies
ValueValue of a deal. The shares traded times the deal's price.Per cent of the companyPer cent of the company. The shares traded as a percentage of all the company's shares in issue on the day of the deal.
Friday 7 Jun 20242 firms · ₹701 Cr bought · ₹765 Cr soldNet sold ₹64 Cr
- SoldNALANDA INDIA EQUITY FUND LIMITEDSold 15,00,000 at ₹5,100.261.26% of the company₹765 Cr
- BoughtSBI MUTUAL FUNDBought 13,74,359 at ₹5,100.001.15% of the company₹701 Cr
Friday 31 May 20241 firm · ₹0 bought · ₹559 Cr soldNet sold ₹559 Cr
- SoldINTEGRATED CORE STRATEGIES (ASIA) PTE. LTD.Sold 10,34,426 at ₹5,403.760.87% of the company₹559 Cr
Thursday 25 Jan 20244 firms · ₹52 Cr bought · ₹52 Cr soldNet nil
- SoldBNP PARIBAS ARBITRAGEBlock dealSold 1,70,315 at ₹3,028.750.14% of the company₹52 Cr
- BoughtSOCIETE GENERALEBlock dealBought 1,31,540 at ₹3,028.750.11% of the company₹40 Cr
- BoughtMARSHALLWACEINVESTMENTSTRATEGIESMARKETNEUTRALTOPSFUNDBlock dealBought 37,638 at ₹3,028.750.03% of the company₹11 Cr
- BoughtMARSHALL WACE INVESTMENT STRATEGIESGTOPS FUNDBlock dealBought 1,137 at ₹3,028.75under 0.01% of the company₹0.34 Cr
Tuesday 25 Oct 20224 firms · ₹30 Cr bought · ₹30 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 1,23,725 at ₹2,112.900.10% of the company₹26 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 1,23,725 at ₹2,112.900.10% of the company₹26 Cr
- SoldISHARES INDIA SC MAURITIUS COMPANYBlock dealSold 16,709 at ₹2,112.900.01% of the company₹3.53 Cr
- BoughtISHARES MSCI INDIA SMALL-CAP ETFBlock dealBought 16,709 at ₹2,112.900.01% of the company₹3.53 Cr
Monday 17 Oct 20224 firms · ₹28 Cr bought · ₹28 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 1,23,604 at ₹2,026.250.10% of the company₹25 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 1,23,604 at ₹2,026.250.10% of the company₹25 Cr
- SoldISHARES INDIA SC MAURITIUS COMPANYBlock dealSold 16,692 at ₹2,026.250.01% of the company₹3.38 Cr
- BoughtISHARES MSCI INDIA SMALL-CAP ETFBlock dealBought 16,692 at ₹2,026.250.01% of the company₹3.38 Cr
Tuesday 11 Oct 20224 firms · ₹15 Cr bought · ₹15 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 60,433 at ₹2,143.300.05% of the company₹13 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 60,433 at ₹2,143.300.05% of the company₹13 Cr
- SoldISHARES INDIA SC MAURITIUS COMPANYBlock dealSold 8,160 at ₹2,143.300.01% of the company₹1.75 Cr
- BoughtISHARES MSCI INDIA SMALL-CAP ETFBlock dealBought 8,160 at ₹2,143.300.01% of the company₹1.75 Cr
Monday 3 Oct 20224 firms · ₹15 Cr bought · ₹15 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 60,467 at ₹2,169.500.05% of the company₹13 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 60,467 at ₹2,169.500.05% of the company₹13 Cr
- SoldISHARES INDIA SC MAURITIUS COMPANYBlock dealSold 8,165 at ₹2,169.500.01% of the company₹1.77 Cr
- BoughtISHARES MSCI INDIA SMALL-CAP ETFBlock dealBought 8,165 at ₹2,169.500.01% of the company₹1.77 Cr
Monday 19 Sep 20224 firms · ₹12 Cr bought · ₹12 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 41,105 at ₹2,561.100.03% of the company₹11 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 41,105 at ₹2,561.100.03% of the company₹11 Cr
- SoldISHARES INDIA SC MAURITIUS COMPANYBlock dealSold 5,507 at ₹2,561.10under 0.01% of the company₹1.41 Cr
- BoughtISHARES MSCI INDIA SMALL-CAP ETFBlock dealBought 5,507 at ₹2,561.10under 0.01% of the company₹1.41 Cr
Friday 20 Mar 20202 firms · ₹143 Cr bought · ₹0 soldNet bought ₹143 Cr
- BoughtNALANDA INDIA FUND LIMITEDBought 11,28,611 at ₹689.840.95% of the company₹78 Cr
- BoughtNALANDA INDIA EQUITY FUND LIMITEDBought 9,43,506 at ₹687.990.79% of the company₹65 Cr
Friday 8 Mar 20192 firms · ₹94 Cr bought · ₹57 Cr soldNet bought ₹37 Cr
- BoughtRELIANCE MUTUAL FUNDBought 10,00,000 at ₹940.000.84% of the company₹94 Cr
- SoldIMPAX ENVIRONMENTAL MARKETS PLCSold 6,04,436 at ₹940.020.51% of the company₹57 Cr
Wednesday 25 Jan 20171 firm · ₹0 bought · ₹102 Cr soldNet sold ₹102 Cr
- SoldAMANSA HOLDINGS PRIVATE LIMITEDSold 12,60,777 at ₹810.001.06% of the company₹102 Cr
Friday 1 Feb 20132 firms · ₹6.72 Cr bought · ₹6.72 Cr soldNet nil
- BoughtLIBERTY MUTUAL RETIREMENT PLAN MASTER TRUSTBlock dealBought 1,17,360 at ₹573.00₹6.72 Cr
- SoldMICM-LIBRTY LIFE ASUR CO BOSTON NEWPORT TIGERBlock dealSold 1,17,360 at ₹573.00₹6.72 Cr
A bulk deal is one client trading half a per cent or more of the shares in a day; a block deal is a large trade in the exchange's separate block window, its buyer and its seller each on a line of their own. A firm that bought and sold the shares the same day is on one line, with its net. All 23 deals on record from 4 Jan 2004.