Thermax Limited
THERMAXThermax Limited
THERMAX
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 73.27 | 11.59 | 0.26% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 52.08 | 7.46 | 0.45% |
Forecast & Ratings
Detailed Forecast from 17 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Thermax Limited is engaged in the business of manufacture and sale of boilers, heating and cooling equipment, industrial chemicals, and water and waste management equipment.
Peers
Compare with peersCummins India Ltd
AIA Engineering Ltd
Carborundum Universal Ltd
Timken India Ltd
Grindwell Norton Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5,267.37 | 4,597.13 | 4,581.27 | 6,123.05 | 5,831.31 | 4,898.99 | 6,255.47 | 8,249.99 | 9,682.15 | 9,964.78 | ||||||||||
Raw Materials | 2,750.72 | 2,244.46 | 2,380.81 | 3,360.64 | 3,100.42 | 2,550.79 | 3,627.56 | 4,595.43 | 5,254.55 | 8,769.57 | ||||||||||
| Power & Fuel Cost | 32.46 | 33.34 | 40.11 | 51.02 | 44.36 | 38.59 | 52.31 | 61.96 | 57.28 | |||||||||||
| Employee Cost | 662.24 | 687.52 | 682.52 | 769.01 | 799.12 | 758.80 | 812.93 | 959.77 | 1,158.93 | |||||||||||
| Selling & Administrative Expenses | 357.92 | 341.25 | 367.71 | 410.02 | 491.87 | 343.45 | 463.12 | 552.17 | 617.85 | |||||||||||
| Operating & Other expenses | 912.50 | 761.36 | 617.98 | 1,015.65 | 889.36 | 796.96 | 751.04 | 1,323.15 | 1,488.91 | |||||||||||
EBITDA | 551.53 | 529.20 | 492.14 | 516.71 | 506.18 | 410.40 | 548.51 | 757.51 | 1,104.63 | 1,195.21 | ||||||||||
| Depreciation/Amortization | 72.24 | 81.90 | 82.44 | 92.02 | 116.63 | 114.57 | 113.24 | 116.86 | 148.08 | 154.71 | ||||||||||
| PBIT | 479.29 | 447.30 | 409.70 | 424.69 | 389.55 | 295.83 | 435.27 | 640.65 | 956.55 | 1,040.50 | ||||||||||
| Interest & Other Items | 12.19 | 9.71 | 12.85 | 14.32 | 15.02 | 20.64 | 25.17 | 37.59 | 87.59 | 101.70 | ||||||||||
| PBT | 467.10 | 437.59 | 396.85 | 410.37 | 374.53 | 275.19 | 410.10 | 603.06 | 868.96 | 938.80 | ||||||||||
| Taxes & Other Items | 184.83 | 214.58 | 164.74 | 84.94 | 162.08 | 68.61 | 97.79 | 152.77 | 223.68 | 236.59 | ||||||||||
| Net Income | 282.27 | 223.01 | 232.11 | 325.43 | 212.45 | 206.58 | 312.31 | 450.29 | 645.28 | 702.21 | ||||||||||
| EPS | 24.36 | 19.80 | 20.61 | 28.90 | 18.87 | 18.34 | 27.73 | 39.98 | 57.30 | 62.35 | ||||||||||
| DPS | 6.00 | 6.00 | 6.00 | 7.00 | 7.00 | 7.00 | 9.00 | 10.00 | 12.00 | 10.00 | ||||||||||
| Payout ratio | 0.25 | 0.30 | 0.29 | 0.24 | 0.37 | 0.38 | 0.32 | 0.25 | 0.21 | 0.16 |
Company Updates
Peers & Comparison
IndustrialsIndustrial Machinery
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Thermax Limited | 79.74 | 11.59 | 0.26% |
| Cummins India Ltd | 61.47 | 16.00 | 1.00% |
| AIA Engineering Ltd | 36.55 | 6.22 | — |
| Carborundum Universal Ltd | 65.15 | 9.20 | 0.25% |
Price Comparison
Compare THERMAX with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 2.91%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 1.50%
Top 5 Mutual Funds holding Thermax Limited
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.2474% | Percentage of the fund’s portfolio invested in the stock 2.26% | Change in the portfolio weight of the stock over the last 3 months -0.69% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/61 (-3) |
SBI Focused Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.0611% | Percentage of the fund’s portfolio invested in the stock 2.97% | Change in the portfolio weight of the stock over the last 3 months 2.97% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 19/32 (+13) |
SBI Blue Chip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.7046% | Percentage of the fund’s portfolio invested in the stock 1.71% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 19/62 (+1) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
THERMAX has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.26%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.63 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 5, 2024
Dividend/Share
₹12.00
Ex DateEx Date
Jul 5, 2024
Cash Dividend
Ex DateEx DateJul 21, 2023
Dividend/Share
₹10.00
Ex DateEx Date
Jul 21, 2023
Cash Dividend
Ex DateEx DateJul 21, 2022
Dividend/Share
₹9.00
Ex DateEx Date
Jul 21, 2022
Cash Dividend
Ex DateEx DateJul 22, 2021
Dividend/Share
₹7.00
Ex DateEx Date
Jul 22, 2021
Cash Dividend
Ex DateEx DateMar 20, 2020
Dividend/Share
₹7.00
Ex DateEx Date
Mar 20, 2020
Reduce Thermax, target price Rs 4237: Prabhudas Lilladher
Stock market positive on Thermax despite profit margin decline in Q1
Thermax Q1 Results Review - A Strong Quarter Marred By One-Off: ICICI Securities
Thermax and 2 other stocks close below VWAP
Thermax Q1 PAT soars 97% YoY to Rs 116 cr
The Board of Thermax at its meeting held on 1 August 2024 has approved issuance of guarantee for an amount not exceeding USD 4 Mn on behalf of Thermax (Thailand). Powered by Capital Market - Live
The Board of Thermax at its meeting held on 1 August 2024 has approved additional equity investment of USD 2.8 Mn in Thermax (Thailand) , a step-down subsidiary of the Company through Thermax Engineering Singapore (TESPL), subsidiary of the Company.Powered by Capital Market - Live
Thermax Q1 earnings: Net profit climbs 82%, stock ends higher
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 9.6%, vs industry avg of 10.73%
Decreasing Market Share
Over the last 5 years, market share decreased from 8.42% to 8.2%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 14.67%, vs industry avg of 23.06%