Thermax Ltd — Balance Sheet

₹3260.70

-1.61%

Thermax Ltd Balance Sheet (Annual)

Metric	2025	2024	2023	2022
Total Liabilities Net Minority Interest	7.10K Cr	5.71K Cr	4.97K Cr	3.97K Cr
Total Non Current Liabilities Net Minority Interest	1.46K Cr	987.86 Cr	559.20 Cr	210.55 Cr
Other Non Current Liabilities	36.50 Cr	28.07 Cr	21.64 Cr	40.58 Cr
Non Current Pension And Other Postretirement Benefit Plans	0.00	0.22 Cr	0.75 Cr	1.95 Cr
Tradeand Other Payables Non Current	54.37 Cr	48.15 Cr	30.75 Cr	47.64 Cr
Non Current Deferred Revenue	22.63 Cr	13.07 Cr	8.61 Cr	30.68 Cr
Non Current Deferred Taxes Liabilities	30.04 Cr	12.28 Cr	2.91 Cr	3.09 Cr
Long Term Debt And Capital Lease Obligation	1.19K Cr	820.89 Cr	450.29 Cr	79.45 Cr
Long Term Capital Lease Obligation	32.70 Cr	31.41 Cr	27.77 Cr	18.03 Cr
Long Term Debt	1.16K Cr	789.48 Cr	422.52 Cr	61.42 Cr
Long Term Provisions	40.38 Cr	42.43 Cr	38.40 Cr	32.41 Cr
Current Liabilities	5.64K Cr	4.73K Cr	4.41K Cr	3.76K Cr
Other Current Liabilities	2.71K Cr	2.19K Cr	14.20 Cr	1.66K Cr
Current Debt And Capital Lease Obligation	539.52 Cr	474.65 Cr	401.04 Cr	299.73 Cr
Current Capital Lease Obligation	7.73 Cr	8.18 Cr	13.02 Cr	5.73 Cr
Current Debt	531.79 Cr	466.47 Cr	388.02 Cr	294.00 Cr
Pensionand Other Post Retirement Benefit Plans Current	0.84 Cr	1.95 Cr	1.64 Cr	2.16 Cr
Current Provisions	374.09 Cr	305.32 Cr	203.71 Cr	206.80 Cr
Payables	2.10K Cr	1.84K Cr	1.74K Cr	1.63K Cr
Other Payable	306.72 Cr	262.83 Cr	212.95 Cr	149.79 Cr
Dividends Payable	0.62 Cr	0.61 Cr	0.69 Cr	0.78 Cr
Total Tax Payable	91.21 Cr	41.05 Cr	24.44 Cr	23.39 Cr
Accounts Payable	1.70K Cr	1.53K Cr	1.50K Cr	1.46K Cr
Total Assets	12.04K Cr	10.15K Cr	8.84K Cr	7.46K Cr
Total Non Current Assets	4.72K Cr	3.70K Cr	2.76K Cr	2.72K Cr
Other Non Current Assets	222.19 Cr	164.96 Cr	212.53 Cr	24.90 Cr
Non Current Prepaid Assets	79.82 Cr	71.52 Cr	79.52 Cr	80.14 Cr
Non Current Deferred Taxes Assets	154.38 Cr	108.55 Cr	108.62 Cr	130.21 Cr
Investmentin Financial Assets	369.66 Cr	432.99 Cr	257.67 Cr	797.27 Cr
Available For Sale Securities	289.72 Cr	199.72 Cr	40.83 Cr	93.91 Cr
Financial Assets Designatedas Fair Value Through Profitor Loss Total	79.94 Cr	233.27 Cr	216.84 Cr	703.36 Cr
Long Term Equity Investment	9.71 Cr	19.05 Cr	16.37 Cr	6.63 Cr
Investmentsin Associatesat Cost	9.71 Cr	19.05 Cr	16.37 Cr	6.63 Cr
Investmentsin Subsidiariesat Cost	0.00	0.00	—	—
Goodwill And Other Intangible Assets	192.44 Cr	37.07 Cr	32.22 Cr	40.55 Cr
Other Intangible Assets	112.25 Cr	34.04 Cr	29.19 Cr	37.52 Cr
Goodwill	80.19 Cr	3.03 Cr	3.03 Cr	3.03 Cr
Net PPE	3.33K Cr	2.50K Cr	1.80K Cr	1.21K Cr
Accumulated Depreciation	-1.13K Cr	-1.01K Cr	-903.29 Cr	-852.52 Cr
Gross PPE	4.47K Cr	3.51K Cr	2.70K Cr	2.07K Cr
Construction In Progress	717.88 Cr	625.27 Cr	580.94 Cr	58.50 Cr
Other Properties	2.62K Cr	1.87K Cr	1.22K Cr	1.15K Cr
Machinery Furniture Equipment	2.59K Cr	1.87K Cr	1.14K Cr	1.03K Cr
Buildings And Improvements	953.35 Cr	822.23 Cr	789.48 Cr	803.60 Cr
Land And Improvements	207.99 Cr	194.29 Cr	194.13 Cr	172.34 Cr
Properties	0.00	0.00	0.00	0.00
Current Assets	7.32K Cr	6.45K Cr	6.08K Cr	4.74K Cr
Other Current Assets	17.10 Cr	12.41 Cr	6.20 Cr	7.36 Cr
Hedging Assets Current	16.23 Cr	2.74 Cr	3.85 Cr	6.11 Cr
Assets Held For Sale Current	9.10 Cr	0.00	7.90 Cr	0.00
Restricted Cash	0.62 Cr	0.61 Cr	0.69 Cr	0.78 Cr
Prepaid Assets	633.85 Cr	664.93 Cr	473.69 Cr	370.67 Cr
Inventory	720.30 Cr	764.90 Cr	755.63 Cr	727.01 Cr
Finished Goods	126.25 Cr	84.31 Cr	90.25 Cr	95.96 Cr
Work In Process	147.71 Cr	243.45 Cr	202.52 Cr	226.06 Cr
Raw Materials	446.34 Cr	437.14 Cr	462.86 Cr	404.99 Cr
Other Receivables	745.94 Cr	524.57 Cr	495.03 Cr	428.46 Cr
Taxes Receivable	2.09 Cr	0.52 Cr	1.19 Cr	3.27 Cr
Accounts Receivable	2.42K Cr	2.12K Cr	1.76K Cr	1.42K Cr
Allowance For Doubtful Accounts Receivable	-399.66 Cr	-371.57 Cr	-373.57 Cr	-382.84 Cr
Gross Accounts Receivable	2.82K Cr	2.49K Cr	2.14K Cr	1.81K Cr
Cash Cash Equivalents And Short Term Investments	2.72K Cr	2.34K Cr	2.55K Cr	1.75K Cr
Other Short Term Investments	2.30K Cr	1.85K Cr	2.10K Cr	1.44K Cr
Cash And Cash Equivalents	417.68 Cr	487.13 Cr	452.82 Cr	310.78 Cr
Cash Equivalents	245.68 Cr	253.03 Cr	152.35 Cr	106.01 Cr
Cash Financial	172.00 Cr	234.10 Cr	300.47 Cr	204.77 Cr
Treasury Shares Number	0.65 Cr	0.65 Cr	0.65 Cr	0.65 Cr
Ordinary Shares Number	11.26 Cr	11.26 Cr	11.26 Cr	11.26 Cr
Share Issued	11.92 Cr	11.92 Cr	11.92 Cr	11.92 Cr
Net Debt	1.28K Cr	768.82 Cr	357.72 Cr	44.64 Cr
Total Debt	1.73K Cr	1.30K Cr	851.33 Cr	379.18 Cr
Tangible Book Value	4.74K Cr	4.40K Cr	3.84K Cr	3.45K Cr
Invested Capital	6.63K Cr	5.70K Cr	4.68K Cr	3.85K Cr
Working Capital	1.69K Cr	1.72K Cr	1.67K Cr	979.72 Cr
Net Tangible Assets	4.74K Cr	4.40K Cr	3.84K Cr	3.45K Cr
Capital Lease Obligations	40.43 Cr	39.59 Cr	40.79 Cr	23.76 Cr
Common Stock Equity	4.94K Cr	4.44K Cr	3.87K Cr	3.49K Cr
Total Capitalization	6.10K Cr	5.23K Cr	4.29K Cr	3.55K Cr
Total Equity Gross Minority Interest	4.94K Cr	4.44K Cr	3.87K Cr	3.49K Cr
Minority Interest	5.69 Cr	0.00	2.15 Cr	0.00
Stockholders Equity	4.94K Cr	4.44K Cr	3.87K Cr	3.49K Cr
Other Equity Interest	5.97 Cr	5.97 Cr	2.52 Cr	2.88K Cr
Retained Earnings	4.14K Cr	3.71K Cr	3.14K Cr	2.78K Cr
Additional Paid In Capital	177.59 Cr	119.05 Cr	117.62 Cr	117.62 Cr
Capital Stock	22.53 Cr	22.52 Cr	22.52 Cr	22.52 Cr
Common Stock	22.53 Cr	22.52 Cr	22.52 Cr	22.52 Cr
Held To Maturity Securities	—	149.31 Cr	0.00	—

All figures in ₹ Crores. Source: NSE/BSE filings via Bull Run.

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