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Thermax Limited

THERMAX

Thermax Limited

THERMAX
IndustrialsIndustrial Machinery
MidcapWith a market cap of ₹54,191 cr, stock is ranked 148
High RiskStock is 3.39x as volatile as Nifty
4,811.901.46% (+69.20)
4,811.901.46% (+69.20)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsIndustrial Machinery
MidcapWith a market cap of ₹54,191 cr, stock is ranked 148
High RiskStock is 3.39x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Bad

The stock is overpriced and in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsIndustrial Machinery
MidcapWith a market cap of ₹54,191 cr, stock is ranked 148
High RiskStock is 3.39x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
88.7014.000.21%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
61.107.080.48%

Forecast & Ratings

Detailed Forecast 
30%
Analysts have suggested that investors can buy this stock

from 23 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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.

Investor Presentation

View older 

Aug 1, 2023

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 12.48%, vs industry avg of 11.99%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 7.61% to 7.48%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 14.17%, vs industry avg of 19.6%

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Financial YearFY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023TTM
Total Revenue5,427.455,267.374,597.134,581.276,123.055,831.314,898.996,255.478,249.999,231.85
Raw Materialssubtract2,845.742,750.722,244.462,380.813,360.643,100.422,550.793,627.564,595.438,198.06
Power & Fuel Costsubtract38.5932.4633.3440.1151.0244.3638.5952.3161.96
Employee Costsubtract708.92662.24687.52682.52769.01799.12758.80812.93958.64
Selling & Administrative Expensessubtract429.27357.92341.25367.71410.02491.87343.45463.12553.30
Operating & Other expensessubtract869.90912.50761.36617.981,015.65889.36796.96751.041,323.15
Depreciation/Amortizationsubtract134.1272.2481.9082.4492.02116.63114.57113.24116.86127.64
Interest & Other Itemssubtract81.9512.199.7112.8514.3215.0220.6425.1737.5973.70
Taxes & Other Itemssubtract109.19184.83214.58164.7484.94162.0868.6197.79152.77221.51
EPS17.6024.3619.8020.6128.9018.8718.3427.7339.9854.25
DPS7.006.006.006.007.007.007.009.0010.0010.00
Payout ratio0.400.250.300.290.240.370.380.320.250.18

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 20PDF
Feb 4PDF
Nov 11PDF
+2 more
FY 2023

Annual report

PDF

Investor Presentation

May 17PDF
Feb 8PDF
Nov 11PDF
Aug 2PDF
FY 2024

Annual Report Pending

Investor Presentation

Aug 1PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsIndustrial Machinery

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Thermax Limited120.3514.000.21%
Cummins India Ltd68.5714.630.82%
AIA Engineering Ltd34.256.350.42%
Carborundum Universal Ltd57.508.070.28%

Price Comparison

Compare THERMAX with any stock or ETF
Compare THERMAX with any stock or ETF
THERMAX
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding61.98%13.56%2.26%12.24%9.96%

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Shareholding History

Dec '22MarJunSepDec '23Mar12.27%12.29%12.35%12.54%12.01%12.24%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Thermax Limited




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Flexicap Fund - Growth - Direct Plan

Growth
2.3208%2.74%0.63%13/64 (+2)
KOTAK EMERGING EQUITY SCHEME - DIRECT PLAN - GROWTH

Growth
2.0223%2.76%0.31%6/90 (+3)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI BLUE CHIP FUND DIRECT PL GROWTH

Growth
1.3378%1.62%0.39%23/58 (+5)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

THERMAX has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.21%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.08 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 21, 2023

Final
Final | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Jul 21, 2023

Cash Dividend

Ex DateEx DateJul 21, 2022

Final
Final | Div/Share: ₹9.00

Dividend/Share

9.00

Ex DateEx Date

Jul 21, 2022

Cash Dividend

Ex DateEx DateJul 22, 2021

Final
Final | Div/Share: ₹7.00

Dividend/Share

7.00

Ex DateEx Date

Jul 22, 2021

Cash Dividend

Ex DateEx DateMar 20, 2020

Interim
Interim | Div/Share: ₹7.00

Dividend/Share

7.00

Ex DateEx Date

Mar 20, 2020

Cash Dividend

Ex DateEx DateJul 25, 2019

Final
Final | Div/Share: ₹7.00

Dividend/Share

7.00

Ex DateEx Date

Jul 25, 2019