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Thermax share price

Thermax Ltd.

NSE: THERMAX BSE: 500411 SECTOR: Engineering - Industrial Equipments  60k   87   8

4714.50
+155.40 (3.41%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 4771

Today's Low

₹ 4574.95

52 Week High

₹ 4979.95

52 Week Low

₹ 2192.7

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

56176.24 Cr.

Enterprise Value

55987.76 Cr.

No. of Shares

11.92 Cr.

P/E

130.33

P/B

16.49

Face Value

₹ 2

Div. Yield

0.21 %

Book Value (TTM)

₹  285.85

CASH

408.48 Cr.

DEBT

220 Cr.

Promoter Holding

61.98 %

EPS (TTM)

₹  36.17

Sales Growth

28.04%

ROE

10.59 %

ROCE

13.63%

Profit Growth

63.98 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year28.04%
3 Year16.7%
5 Year13.52%

Profit Growth

1 Year63.98%
3 Year15.45%
5 Year6.68%

ROE%

1 Year10.59%
3 Year7.48%
5 Year6.88%

ROCE %

1 Year13.63%
3 Year9.63%
5 Year9.52%

Debt/Equity

0.0684

Price to Cash Flow

134.17

Interest Cover Ratio

23.0372829417773

CFO/PAT (5 Yr. Avg.)

1.06453074042759

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 61.98 0
Dec 2023 61.98 0
Sep 2023 61.98 0
Jun 2023 61.98 0
Mar 2023 61.98 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 26.8296471128591% for the Past 3 years.
  • The company has shown a good revenue growth of 16.7006413827691% for the Past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 23.0372829417773.
  • The company has an efficient Cash Conversion Cycle of -19.5248613905391 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.06453074042759.
  • The company has a high promoter holding of 61.98%.

 Limitations

  • Company has a poor ROE of 7.48133149113856% over the past 3 years.
  • Company has contingent liabilities of 3008.83 Cr.
  • The company is trading at a high PE of 130.33.
  • The company is trading at a high EV/EBITDA of 82.705.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 1330.73 1490.01 1160.61 1443.9 1479.78
Total Expenditure 1232.47 1344.29 1076.87 1302.53 1358.77
Operating Profit 98.26 145.72 83.74 141.37 121.01
Other Income 37.04 45.95 49.15 57.79 34.7
Interest 4.59 6.84 5.32 5.61 6.16
Depreciation 18.68 18.17 17.53 17.75 17.98
Exceptional Items 0 7.2 -50.63 -73.41 126.12
Profit Before Tax 112.03 173.86 59.41 102.39 257.69
Tax 22.02 51.71 15.53 38 57.07
Profit After Tax 90.01 122.15 43.88 64.39 200.62
Adjusted EPS (Rs) 7.55 10.25 3.68 5.4 16.84

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 3541.1 3234.74 3131.48 4015.39 5141.16
Total Expenditure 3290.38 3021.26 2913.5 3803.48 4760.48
Operating Profit 250.72 213.48 217.98 211.91 380.68
Other Income 122.8 104.4 140.53 138.67 136.34
Interest 5.26 5.23 8.57 13.33 19.58
Depreciation 50.13 62.61 63.99 67.19 73.15
Exceptional Items -47.85 -14.89 -103.03 -14 7.2
Profit Before Tax 270.28 235.15 182.92 256.06 431.49
Tax 109.26 73.76 41.9 55.27 102.23
Net Profit 275.24 213.99 141.02 200.79 329.26
Adjusted EPS (Rs.) 13.51 13.55 11.84 16.85 27.63

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 23.83 23.83 23.83 23.83 23.83
Total Reserves 2712.02 2713.66 2855.55 2977.17 3193.93
Borrowings 0 0 0 0 0
Other N/C liabilities 9.25 31.91 62.95 55.59 13.18
Current liabilities 1766.39 1600.06 2036.86 2320.24 2872.51
Total Liabilities 6089.5 4369.46 4979.19 5376.83 6103.45
Assets
Net Block 712.88 748.08 770.68 746.1 713.8
Capital WIP 29.17 55.42 20.26 14.97 44.91
Intangible WIP 0 0 3.1 0 0
Investments 767.48 772.36 788.17 1460.95 1086.01
Loans & Advances 216.26 469.7 312.04 411.31 328.68
Other N/C Assets 1745.36 0.83 0.57 26.11 26.34
Current Assets 2618.35 2323.07 3084.37 2717.39 3903.71
Total Assets 6089.5 4369.46 4979.19 5376.83 6103.45
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 443.5 325.64 182.92 256.06 431.49
Adjustment 48.95 36.59 72.78 -18.74 12.56
Changes in Assets & Liabilities -436.81 3.4 235.75 -61.75 95.03
Tax Paid -172.79 -112.45 -82.44 -81.7 -120.4
Operating Cash Flow -117.15 253.18 409.01 93.87 418.68
Investing Cash Flow 254.34 -98.4 -375.16 -100.17 -337.63
Financing Cash Flow -50.58 -238.59 62.92 -52.64 -81.49
Net Cash Flow 86.61 -83.81 96.77 -58.94 -0.44

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 61.98 61.98 61.98 61.98 61.98
ara trusteeship company p... 7.99 7.99 7.99 7.99 7.99
pheroz pudumjee - - - - 0.01
rda holdings private ltd 53.99 53.99 53.99 53.99 53.99
pheroz n pudumjee 0.01 0.01 0.01 0.01 -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 38.02 38.02 38.02 38.02 38.02
investor education and pr... 0.11 0.11 0.12 - 0.12
jasmeet bhatia - - 2.43 2.43 2.43
kotak funds - india midca... - - 1.29 1.35 1.36
kotak mahindra trustee co... 6.98 - 6.96 - 6.37
nalanda india equity fund... 6.86 6.86 6.86 6.86 6.86
sbi nifty midcap 150 inde... - - 2.72 - 3.37
tata aia life insurance c... - - - - 1.28
investor education and pr... - - - 0.12 -
kotak pioneer fund - - - 6.88 -
sbi magnum midcap fund 2.78 2.78 - 2.81 -
tata aia life insurance c... 1.30 1.32 1.37 1.37 -
kotak infrastructure & ec... - 6.98 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Thermax informs about conference call6 May 2024, 11:18AM Thermax informs about board meeting intimation 22 Apr 2024, 4:05PM Thermax opens new manufacturing facility for water, wastewater solutions in Pune15 Apr 2024, 2:42PM Thermax informs about loss of share certificates1 Mar 2024, 4:53PM Thermax inks pact with Flowtech to manufacture Poly Carboxylate Ether products21 Feb 2024, 10:44AM Thermax gets nod for additional capex of Rs 45 crore8 Feb 2024, 2:25PM Thermax - Quaterly Results8 Feb 2024, 1:58PM Thermax - Quaterly Results8 Feb 2024, 1:58PM Thermax - Quaterly Results8 Feb 2024, 1:58PM Thermax informs about board meeting 23 Jan 2024, 3:18PM Thermax sells industrial plot for Rs 135.66 crore in Pune 29 Dec 2023, 12:48PM Thermax informs about disclosure 28 Dec 2023, 4:45PM Thermax informs about disclosure26 Dec 2023, 12:16PM Thermax informs about closure of trading window26 Dec 2023, 11:19AM Thermax infuses Rs 29.17 crore in Thermax Engineering Singapore Pte14 Dec 2023, 11:58AM Thermax informs about disclosure 13 Dec 2023, 3:15PM Thermax secures orders worth over Rs 500 crore to set up 5 bio-CNG plants13 Dec 2023, 12:30PM Thermax informs about press release12 Dec 2023, 10:41AM Thermax informs about newspaper advertisement6 Dec 2023, 11:46AM Thermax informs about postal ballot notice 5 Dec 2023, 10:44AM Thermax - Quaterly Results3 Nov 2023, 4:41PM Thermax - Quaterly Results3 Nov 2023, 4:41PM Thermax - Quaterly Results3 Nov 2023, 4:41PM Thermax’s arm plans to infuse Rs 24.94 crore in TEELK 28 Oct 2023, 1:00PM Thermax informs about updates10 Oct 2023, 5:14PM Thermax informs about resignation of executive vice president31 Aug 2023, 3:43PM Thermax informs about outcome of board meeting 1 Aug 2023, 5:13PM Thermax - Quaterly Results1 Aug 2023, 3:39PM Thermax - Quaterly Results1 Aug 2023, 3:39PM Thermax - Quaterly Results1 Aug 2023, 3:39PM Thermax informs about conference call27 Jul 2023, 1:46PM Thermax informs about compliances-certificate11 Jul 2023, 4:40PM Thermax informs about AGM and annual report5 Jul 2023, 4:55PM Thermax’s arm commissions captive power plant in Gujarat23 Jun 2023, 11:18AM Thermax informs about outcome of litigation6 Jun 2023, 9:44AM Thermax informs about investors conference27 May 2023, 11:00AM Thermax - Quaterly Results17 May 2023, 5:03PM Thermax - Quaterly Results17 May 2023, 5:03PM Thermax - Quaterly Results17 May 2023, 5:03PM Thermax wins Rs 271.50 crore order 28 Apr 2023, 3:38PM Thermax’s arm gets liquidated26 Apr 2023, 3:30PM Thermax inks MoU with Fortescue Future Industries10 Mar 2023, 10:46AM Thermax informs about press release10 Mar 2023, 10:36AM Thermax wins Rs 251.7 crore order 11 Feb 2023, 11:35AM Thermax informs about revision in time of analyst meet 10 Feb 2023, 2:31PM Thermax reports 59% rise in Q3 consolidated net profit8 Feb 2023, 11:52AM Thermax - Quaterly Results7 Feb 2023, 7:37PM Thermax - Quaterly Results7 Feb 2023, 7:37PM Thermax informs about board meeting 31 Jan 2023, 12:51PM Thermax - Quaterly Results11 Nov 2022, 3:36PM

Thermax Stock Price Analysis and Quick Research Report. Is Thermax an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a Low P/E are undervalued (it depends on other factors too). Thermax has a PE ratio of 129.759248969572 which is high and comparatively overvalued .

  • Share Price: - The current share price of Thermax is Rs 4693.95. One can use valuation calculators of ticker to know if Thermax share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Thermax has ROA of 5.73609702899233 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Thermax has a Current ratio of 1.35898917671305 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Thermax has a ROE of 10.5935420768825 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Thermax has a D/E ratio of 0.0684 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Thermax has an Inventory turnover ratio of 13.5092822513894 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Thermax has reported revenue growth of 28.0363800278429 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Thermax for the current financial year is 7.40455461413378 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Thermax is Rs 10 and the yield is 0.2128 %.

Last Updated on:
Brief about Thermax

Thermax Ltd.Financials: Check Share Price, Balance Sheet, Annual Report and Quarterly Results for Company Analysis

 

Thermax Ltd. is an Indian energy and environment solutions provider that has been in operation since 1966. The company's stock analysis page is a valuable resource for long-term stock investors looking to make informed investment decisions.  We will explore various aspects of Thermax Ltd.'s stock analysis page, including its share price, balance sheet, annual report, dividend, quarterly result, stock price, price chart, news, concall, transcripts, investor presentations, promoters, and shareholders.

Share Price of Thermax Ltd.

Thermax Ltd.'s share price is an important metric for investors to track. The company's stock price is influenced by a variety of factors, including market conditions, industry trends, and company-specific news. By monitoring the share price, investors can gain insights into the market's perception of the company's financial health and growth prospects.

 Balance Sheet of Thermax Ltd.

Thermax Ltd.'s balance sheet is a snapshot of the company's financial position at a specific point in time. It provides information about the company's assets, liabilities, and equity. Investors can use this information to assess the company's financial health and to identify potential risks and opportunities. Our pre-built screening tools, including DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis, can be used to calculate the fair value of the company's stock based on its balance sheet.

Annual Report of Thermax Ltd.

Thermax Ltd.'s annual report is a comprehensive document that provides investors with detailed information about the company's financial performance, business strategy, and future outlook. The report includes a variety of financial and non-financial data, including income statements, balance sheets, cash flow statements, and notes to the financial statements. By analyzing the annual report, investors can gain insights into the company's financial health and growth prospects.

Dividend of Thermax Ltd.

Thermax Ltd.'s dividend is a distribution of the company's profits to its shareholders. The company's dividend policy is influenced by a variety of factors, including its financial performance, growth prospects, and cash flow position. Investors can use the dividend payout ratio to assess the company's ability to sustain its dividend payments over the long term.

Quarterly Result of Thermax Ltd.

Thermax Ltd.'s quarterly result provides investors with an update on the company's financial performance over the previous three months. The report includes information about the company's revenue, expenses, and net income. By analyzing the quarterly result, investors can gain insights into the company's financial health and identify potential risks and opportunities.

Stock Price of Thermax Ltd.

Thermax Ltd.'s stock price is influenced by a variety of factors, including market conditions, industry trends, and company-specific news. By monitoring the stock price, investors can gain insights into the market's perception of the company's financial health and growth prospects. Our pre-built screening tools can be used to track the company's stock price and identify potential buying or selling opportunities.

Price Chart of Thermax Ltd.

Thermax Ltd.'s price chart is a visual representation of the company's stock price over time. By analyzing the price chart, investors can gain insights into the company's stock price trends and identify potential buying or selling opportunities.

News of Thermax Ltd.

Thermax Ltd.'s news section provides investors with the latest updates on the company's financial performance, business strategy, and future outlook. By monitoring the news section, investors can stay up-to-date on the company's latest developments and identify potential risks and opportunities.

Concall and Transcripts of Thermax Ltd.

Thermax Ltd.'s concall and transcripts section provides investors with access to the company's earnings conference calls and transcripts. By listening to the concall and reading the transcripts, investors can gain insights into the company's financial performance, business strategy, and future outlook.

Investor Presentations of Thermax Ltd.

Thermax Ltd.'s investor presentations section provides investors with access to the company's investor presentations. By reviewing the presentations, investors can gain insights into the company's business strategy, growth prospects, and financial performance.

Promoters of Thermax Ltd.

Thermax Ltd.'s promoters are the individuals or entities that own a significant stake in the company. By analyzing the promoters' shareholding pattern, investors can gain insights into the company's ownership structure and potential conflicts of interest.

Shareholders of Thermax Ltd.

Thermax Ltd.'s shareholders are the individuals or entities that own shares in the company. By analyzing the shareholding pattern, investors can gain insights into the company's ownership structure and potential conflicts of interest.

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