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Thermax — MTF Book

THERMAX · Thermax Limited
Producer Manufacturing

Daily Margin Trading Facility book for Thermax across NSE and BSE, from 09 Aug 2017. All figures in ₹ crore, derived from exchange public disclosures.

What is Thermax’s MTF book?

Thermax Limited (THERMAX) has ₹131 crore funded under Margin Trading Facility across NSE and BSE as of 26 Oct 2026 — 0.09% of India’s MTF book, ranking #285. Over 1M (the last 30 trading days) the funded value has risen 4.1%, with the number of shares under margin up 10.3%.

Funded value
₹131 Cr
as of 26 Oct 2026
Rank in book
#285
1,329 days tracked
Share of book
0.09%
of the whole NSE + BSE book
Peak funded
₹139 Cr
on 19 Oct 2026
Largest single-day addition
+₹21 Cr
on 03 Aug 2026
Largest single-day unwind
−₹20 Cr
on 17 Aug 2026
Free-float market cap
₹12,368 Cr
full market cap ₹37,975 Cr · 32.6% free float · Mid cap
MTF share of free float
0.86%
2.1× the median mid cap · 0.6× the Producer Manufacturing median

Share of free float on margin, month by month

Shares under margin at each month-end as a share of free-float shares, using that month-end’s share count and the free-float filing public at the time. It counts shares, not value, so a price move does not move it by itself.

0.02%0.34%0.66%0.98%Jul 2024Oct 2026
View as table: share of free float on margin25 months
Month-end% of free float
26 Oct 20260.865%
30 Sep 20260.820%
31 Aug 20260.665%
31 Jul 20260.442%
30 Jun 20260.267%
29 May 20260.300%
30 Apr 20260.317%
30 Mar 20260.382%
27 Feb 20260.588%
30 Jan 20260.641%
31 Dec 20250.746%
28 Nov 20250.869%
31 Oct 20250.686%
30 Sep 20250.685%
29 Aug 20250.514%
31 Jul 20250.334%
30 Jun 20250.321%
30 May 20250.341%
30 Apr 20250.236%
28 Mar 20250.132%
28 Feb 20250.181%
31 Jan 20250.164%
16 Sep 2024†0.178%
30 Aug 20240.219%
31 Jul 20240.192%

† Not the month’s last trading day: the last day the stock was in the archive that month (before 11 Nov 2025 the archive kept only the 500 largest positions).

Dated events

NSE & BSE split

How THERMAX’s funded book divides across the two exchanges, as of 26 Oct 2026.
NSE
NSE ₹125 Cr · 95.4%BSE ₹6 Cr · 4.6%

MTF vs Price

Margin-funded outstanding for THERMAX in ₹ crore against the closing price, adjusted for splits and bonuses. Each window uses the same reference date as the table below, so the two agree. Funded value moves with the price on its own, so the line under the chart reads the share count instead — that is what shows whether more stock is genuinely being borrowed against.
MTF book (₹ Cr)

Price and liquidity

Adjusted for splits and bonuses, so a change across a corporate action reflects the market rather than the share count.
Last close
₹3,096.00
as of 23 Oct 2026
Price, 1M
−14.9%
adjusted for splits and bonuses
Delivery, 20-day avg
52.6%
of traded volume actually settled
Sessions to unwind
3
of average deliverable volume
Shares under margin divided by average daily deliverable volume over the last 20 sessions.

Book, shares and price by window

Funded value moves with the price on its own, so the share count is what shows whether more stock is actually being borrowed against. The last column reads the two together.
WindowBook ΔBook %SharesPriceReading
1D−₹2−1.2%−1.2%
−4,150
+0.0%unwinding as it falls
10D+₹3+2.5%+4.6%
+14,772
−4.9%building as it falls
1M+₹5+4.1%+10.3%
+31,508
−14.9%building as it falls
3M+₹72+123.2%+159.4%
+2,06,388
−31.4%building as it falls
6M+₹86+189.2%+182.2%
+2,16,864
−22.7%building as it falls
1Y+₹42+47.2%+31.7%
+80,880
−5.5%building as it falls

Shares under margin

Number of shares funded via MTF over time (NSE + BSE combined).

Rank trajectory

Where THERMAX has sat in the funded-value ranking each day (1 = most funded). Lower is more prominent.

THERMAX — last 30 trading days

Combined NSE + BSE funded value, day-on-day change, share of the whole book, and rank. Newest first.
DateCombined (₹ Cr)Day Δ (₹ Cr)% of bookRank
26 Oct 2026131−₹20.09%285
23 Oct 2026133−₹30.09%288
22 Oct 2026136−₹20.09%287
21 Oct 2026138−₹10.09%284
19 Oct 2026139+₹20.09%285
16 Oct 2026137+₹20.09%287
15 Oct 2026135+₹00.09%290
14 Oct 2026135+₹20.09%289
13 Oct 2026133+₹10.09%291
12 Oct 2026132+₹40.08%291
09 Oct 2026128+₹10.08%299
08 Oct 2026127+₹00.08%304
07 Oct 2026126−₹00.08%306
06 Oct 2026127−₹00.08%308
05 Oct 2026127+₹20.08%308
01 Oct 2026125−₹30.08%313
30 Sep 2026128−₹20.08%310
29 Sep 2026130+₹10.08%301
28 Sep 2026129+₹00.08%305
25 Sep 2026129−₹30.08%308
24 Sep 2026132+₹10.08%302
23 Sep 2026131+₹00.08%304
22 Sep 2026130+₹50.08%303
21 Sep 2026126+₹10.08%309
18 Sep 2026125−₹00.08%310
17 Sep 2026125+₹00.08%308
16 Sep 2026125−₹10.08%308
15 Sep 2026126+₹30.08%311
11 Sep 2026123−₹30.08%317
10 Sep 2026126—0.08%309

THERMAX within Producer Manufacturing

Ranked #38 of 150 funded Producer Manufacturing stocks, carrying 0.8% of that sector’s margin book. Its 0.86% of free float on margin is 0.6× the sector median of 1.43%. Nearest names by funded value:
#StockMTF book (₹ Cr)% of sector% of free floatBook, 1M
36BEMLBEML Limited₹1380.8%1.78%−3.6%
37SHAKTIPUMPShakti Pumps (India)₹1360.8%4.07%−17.5%
38THERMAXThermax Limited₹1310.8%0.86%+4.1%
39KAJARIACERKajaria Ceramics₹1220.7%1.24%+71.6%
40TEXRAILTexmaco Rail & Engineering₹1200.7%4.48%−6.8%

All Producer Manufacturing stocks and how the sector has moved →

Disclaimer. Data sourced from daily margin trading disclosure provided by NSE and BSE. This website and page are meant for educational and information only — not investment advice. MTF is leveraged and can amplify losses. Rules, margins, rates and eligible-stock lists change; verify current details with your broker and SEBI/exchange circulars. IndiaMTF.com is not a SEBI-registered intermediary, broker, or investment adviser and has no affiliation with SEBI, NSE or BSE. Figures are reproduced from publicly disclosed exchange data, may be delayed or revised, and should be independently verified before any trading decision. Consult a SEBI-registered investment adviser before investing.