2021-22
41st Integrated Report
KEY HIGHLIGHTS OF FY 2021-22
Recorded total revenue of Rs. 6,128 crore in FY 2021-22, as compared to Rs. 4,791 crore in FY 2020-21
Profit After Tax (PAT) stood at Rs. 312 crore as compared to Rs. 207 crore in the previous year
The Group recorded its highest ever order book at Rs. 9,410 crore, up from Rs. 4,784 crore compared to the previous fiscal
The margins for the year were impacted primarily due to commodity price rise
Bagged Rs. 1,176 crore order from an Indian Public Sector Undertaking (PSU) for setting up a sulphur recovery block
Concluded two large flue gas desulphurisation (FGD) orders in Q3 and Q4 of Rs. 830 crore and Rs. 545 crore respectively from power sector companies
Expanded the renewable energy business to offer solutions in wind and storage batteries besides solar on an opex basis
Launched ‘Thermax Edge’, a comprehensive IoT-based digital platform for customers to fulfil their product and service requirements
Thermax’s Channel Business Group (CBG) reported extraordinary performance during the year by achieving a growth of 43% over last year
The order book for the services business grew by 31%
PERFORMANCE SNAPSHOT FY 2021-22
Financial 
Manufactured 
Human
Intellectual 
Social & 
Natural 
36.2%
Employees with tenure of over 10 years
Rs. 3.3
Value added per rupee of employee cost
0.33
Lost time injury frequency rate (LTIFR)
11 Patents applied
14 Total granted
401
No. of equipment with remote monitoring functionality
12
Customer processes digitalised
8,070
No. of direct beneficiaries of CSR initiatives
2,446
No. of active MSME suppliers
3,150
No. of student beneficiaries
20,551 GJ
Energy savings
2,362 tCO2e
Carbon emissions reduced
2,24,488 m3
Water reused and recycled
MESSAGE FROM
CHAIRPERSON AND MANAGING DIRECTOR & CEO
Meher
Pudumjee
Thermax has always been a firm advocate of ESG (Environment, Social, Governance). Being a leading energy and environment solutions provider, it has managed a significant shift in its energy mix – coal combustion forms less than 20% of our revenues.
Read More
Ashish
Bhandari
Across all sectors, climate change remains at the top of the agenda of most customers. FY 2021-22 has been a watershed year for several products in our ever-growing green portfolio.
Read More
VALUE CREATION APPROACH
OUR
BUSINESS
MODEL
- Capital-wise Inputs
- Value Creation Process
- Capital-wise Outputs
STRATEGIES FOR
A SUSTAINABLE
TOMORROW
Our business outlook and broad financial goals are embedded as our overarching strategic priorities.
RISK
MANAGEMENT
Our Enterprise Risk Management Framework periodically evaluates and monitors key risks and business processes, thereby suggesting suitable mitigation plans across different locations to maintain the robustness of our systems.
ENGAGING
WITH OUR
STAKEHOLDERS
Active and effective engagement with our stakeholders is crucial to us.
ADDRESSING MATERIAL
MATTERS
- Materiality determination process
- Thermax Materiality Matrix
- Material Issues
DOWNLOAD REPORTS
