Thermax Shareholding Pattern & Promoter Holding
Electrical Equipment · Latest pattern: Sep 2026
As of Sep 2026, promoters hold 61.99% of Thermax, FIIs hold 11.30%, DIIs hold 14.94% and the public holds 6.32%. Promoter holding was unchanged from Jun 2026.
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Promoters
61.99%
unchanged QoQ
FIIs
11.30%
−0.16 pp QoQ
DIIs
14.94%
−0.28 pp QoQ
Public
6.32%
+0.44 pp QoQ
Thermax shareholding, quarter by quarter
| Quarter | Promoters | FIIs | DIIs | Public | Others | Shareholders |
|---|---|---|---|---|---|---|
| Sep 2026 | 61.99% | 11.30% | 14.94% | 6.32% | 5.45% | 87,995 |
| Jun 2026 | 61.99% | 11.46% | 15.22% | 5.88% | 5.46% | 91,857 |
| Mar 2026 | 61.99% | 11.25% | 15.49% | 5.82% | 5.46% | 89,964 |
| Dec 2025 | 61.99% | 12.36% | 14.84% | 5.35% | 5.46% | 77,455 |
| Sep 2025 | 61.99% | 13.44% | 13.95% | 5.16% | 5.46% | 71,208 |
| Jun 2025 | 61.99% | 16.02% | 11.74% | 4.77% | 5.47% | 62,986 |
| Mar 2025 | 61.99% | 15.86% | 12.25% | 4.43% | 5.47% | 53,687 |
| Dec 2024 | 61.99% | 15.49% | 12.66% | 4.39% | 5.47% | 50,755 |
| Sep 2024 | 61.99% | 15.38% | 12.72% | 4.45% | 5.47% | 51,876 |
| Jun 2024 | 61.99% | 15.15% | 12.88% | 4.50% | 5.48% | 48,966 |
| Mar 2024 | 61.99% | 12.24% | 15.82% | 4.48% | 5.48% | 40,819 |
| Dec 2023 | 61.99% | 12.01% | 15.86% | 4.66% | 5.48% | 39,547 |
Promoters · FIIs (foreign institutions) · DIIs (domestic institutions) · Public (retail & others) · Others. Percentages of total shares, from the quarterly pattern filed with the exchanges.
Value of the promoter stake
At a market capitalisation of ₹33.11k cr, the promoter group's 61.99% stake is worth ₹20.52k cr. A promoter group is usually a family, trust or holding company; this figure covers only this listed company and is not anyone's net worth.
Promoter holding in Electrical Equipment peers
Thermax shareholding: common questions
What is the promoter holding in Thermax?
Promoters hold 61.99% of Thermax as of Sep 2026. Their stake was unchanged from Jun 2026.
How much do FIIs hold in Thermax?
Foreign institutional investors (FIIs) held 11.30% of Thermax in Sep 2026, −0.16 pp versus Jun 2026.
How much do mutual funds and other DIIs hold in Thermax?
Domestic institutional investors (DIIs), which include mutual funds and insurers, held 14.94% of Thermax in Sep 2026, −0.28 pp versus Jun 2026.
Is the promoter holding in Thermax pledged?
The latest disclosed shareholding pattern shows no pledged promoter shares in Thermax.
How has Thermax's promoter holding changed in the last year?
Promoter holding moved from 61.99% in Sep 2025 to 61.99% in Sep 2026 (unchanged).
How many shareholders does Thermax have?
Thermax had 87,995 shareholders in Sep 2026, compared with 91,857 in Jun 2026.