Thermax Limited
Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, w… Read more
Thermax Limited - Asset Resilience Ratio
Thermax Limited (THERMAX) has an Asset Resilience Ratio of 27.61% as of September 2025. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2006–2025)
This chart shows how Thermax Limited's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Thermax Limited's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₹12.94 Billion | 10.62% |
| Short-term Investments | ₹20.71 Billion | 16.99% |
| Total Liquid Assets | ₹33.65 Billion | 27.61% |
Asset Resilience Insights
- Very High Liquidity: Thermax Limited maintains exceptional liquid asset reserves at 27.61% of total assets.
- This level provides strong protection against economic uncertainties but may indicate potential for more aggressive growth investments.
- The company has significant short-term investments, indicating active treasury management.
Thermax Limited Industry Peers by Asset Resilience Ratio
Compare Thermax Limited's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
China Baoan Group Co Ltd
SHE:000009 |
Conglomerates | 3.09% |
|
Doosan
KO:000150 |
Conglomerates | 0.46% |
|
Doosan Pref Shs
KO:000155 |
Conglomerates | 0.46% |
|
Doosan Co Ltd
KO:000157 |
Conglomerates | 0.46% |
|
Yunding Technology Co Ltd
SHE:000409 |
Conglomerates | 1.43% |
|
Create Technology & Science Co Ltd
SHE:000551 |
Conglomerates | 0.16% |
|
Guangdong Ganhua Science & Industry Co Ltd
SHE:000576 |
Conglomerates | 5.33% |
|
Macrolink Real Estate Co Ltd
SHE:000620 |
Conglomerates | 0.90% |
Annual Asset Resilience Ratio for Thermax Limited (2006–2025)
The table below shows the annual Asset Resilience Ratio data for Thermax Limited.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2025-03-31 | 20.95% | ₹25.22 Billion | ₹120.38 Billion | +0.23pp |
| 2024-03-31 | 20.72% | ₹21.04 Billion | ₹101.53 Billion | -4.74pp |
| 2023-03-31 | 25.46% | ₹22.51 Billion | ₹88.39 Billion | +4.69pp |
| 2022-03-31 | 20.77% | ₹15.50 Billion | ₹74.61 Billion | -6.77pp |
| 2021-03-31 | 27.54% | ₹17.92 Billion | ₹65.07 Billion | +8.45pp |
| 2020-03-31 | 19.10% | ₹11.38 Billion | ₹59.56 Billion | +6.46pp |
| 2019-03-31 | 12.64% | ₹8.60 Billion | ₹68.00 Billion | +10.89pp |
| 2018-03-31 | 1.75% | ₹1.04 Billion | ₹59.45 Billion | +0.63pp |
| 2017-03-31 | 1.12% | ₹565.50 Million | ₹50.60 Billion | -15.80pp |
| 2016-03-31 | 16.92% | ₹10.55 Billion | ₹62.36 Billion | +2.82pp |
| 2015-03-31 | 14.10% | ₹8.22 Billion | ₹58.28 Billion | +2.19pp |
| 2014-03-31 | 11.91% | ₹7.08 Billion | ₹59.42 Billion | +3.03pp |
| 2013-03-31 | 8.88% | ₹4.43 Billion | ₹49.88 Billion | +3.76pp |
| 2012-03-31 | 5.13% | ₹2.40 Billion | ₹46.73 Billion | -0.50pp |
| 2011-03-31 | 5.63% | ₹2.30 Billion | ₹40.88 Billion | -29.11pp |
| 2006-03-31 | 34.73% | ₹3.97 Billion | ₹11.42 Billion | -- |