Thermax Cash Flow
- Market cap
- ₹36,456 crore
- P/E
- 61.4
- P/B
- 6.57
- ROE
- 13.7%
- Dividend yield
- 0.62%
In the year ended Mar 2022, Thermax generated ₹1,400 crore from operating activities, invested ₹600 crore and paid out ₹550 crore on financing activities. Net cash flow for the year was ₹250 crore. Free cash flow was ₹950 crore.
Thermax cash flow statement
Financial years, newest first. Negative figures are cash outflows.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operating activities | 1,400 | 460 | 247 | 1,080 | 542 |
| Cash from investing activities | -600 | -680 | -509 | -1,272 | -587 |
| Cash from financing activities | -550 | 349 | 285 | 123 | 248 |
| Net cash flow | 250 | 144 | 19 | -59 | 202 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | 950 | -205 | -597 | 177 | -411 |
Source: Company filings, in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Thermax cash flow — frequently asked questions
What is Thermax's operating cash flow?
Thermax's cash flow from operating activities was ₹1,400 crore in the year ended Mar 2022, rose 204.35% from ₹460 crore in Mar 2023.
What is Thermax's free cash flow?
Thermax's free cash flow — operating cash flow minus capital expenditure — was ₹950 crore in Mar 2022.
How much did Thermax spend on investing activities?
Net cash used in investing activities was ₹600 crore in Mar 2022. This covers capital expenditure, acquisitions and the purchase or sale of investments.
Same Data For Peers
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