Thermax (THERMAX.NS) - Shares outstanding

Number of shares outstanding as of July 2026 : 112,675,277

According to Thermax's latest financial reports and stock price the company's current number of shares outstanding is 112,675,277. At the end of 2026 the company had 112,675,277 shares outstanding. The number of outstanding shares is usually impacted by stock plits and shares buy back.

Shares outstanding history for Thermax from 2015 to 2026

Shares Outstanding at the end of each year

Year	Shares Outstanding	Change
2026	0.11 B	-0.01%
2025	0.11 B	0.04%
2024	0.11 B	0.04%
2023	0.11 B	-0.08%
2022	0.11 B	0.12%
2021	0.11 B	-0.12%
2020	0.11 B	-0.01%
2019	0.11 B	0.01%
2018	0.11 B	0.02%
2017	0.11 B	-5.46%
2016	0.11 B	5.85%
2015	0.11 B

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Number of shares outstanding for Thermax (THERMAX.NS)