Thermax Share Price

  • 4,632.55-226.90 (-4.67%)
  • Volume: 1,22,676
  • Closed
  • Last Updated On: 19 Nov, 2024, 03:59 PM IST
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Thermax Share Price

  • 4,632.55-226.90 (-4.67%)
  • Volume: 1,22,676
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Thermax share price insights

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  • In the last 20 years, only 2.33 % trading sessions saw intraday declines higher than 5 % .

  • Company delivered ROE of 14.53% in year ending Mar 31, 2024 outperforming its 5 year avg. of 10.1%. (Source: Consolidated Financials)

  • Company has spent less than 1% of its operating revenues towards interest expenses and 12.32% towards employee cost in the year ending Mar 31, 2024. (Source: Consolidated Financials)

  • Black Marubozu(s) was formed for Thermax

  • Thermax Ltd. share price moved down by -4.67% from its previous close of Rs 4,859.45. Thermax Ltd. stock last traded price is 4,632.55

    Share PriceValue
    Today/Current/Last4,632.55
    Previous Day4,859.454,867.95

InsightsThermax

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    Key Metrics

    PE Ratio
    (x)
    74.44
    EPS - TTM
    (₹)
    62.23
    MCap
    (₹ Cr.)
    55,199.75
    Sectoral MCap Rank
    5
    PB Ratio
    (x)
    13.04
    Div Yield
    (%)
    0.26
    Face Value
    (₹)
    2.00
    Beta

    Beta

    1 Month2.11
    3 Months1.25
    6 Months1.01
    1 Year0.66
    3 Years0.72

    2.11
    VWAP
    (₹)
    4,696.31
    52W H/L
    (₹)
    5,839.95 / 2,500.25

    Thermax Share Price Returns

    1 Day-4.67%
    1 Week-9.37%
    1 Month-10.89%
    3 Months7.38%
    1 Year63.67%
    3 Years177.22%
    5 Years344.11%

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    Thermax Share Analysis

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    Thermax Share Recommendations

    Recent Recos

    HOLD

    Current

    Mean Recos by 19 Analysts

    Strong
    Sell
    SellHoldBuyStrong
    Buy
    • Target₹4237
    • OrganizationPrabhudas Lilladher
    • REDUCE
    • Target₹3045
    • OrganizationICICI Securities
    • ADD

    Analyst Trends

    RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
    Strong Buy2222
    Buy4222
    Hold5667
    Sell8889
    Strong Sell-112
    # Analysts19191922

    Thermax Financials

    • Insights

      • Employee & Interest Expense

        Company has spent less than 1% of its operating revenues towards interest expenses and 12.32% towards employee cost in the year ending Mar 31, 2024. (Source: Consolidated Financials)
      Quarterly | AnnualSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
      Total Income2,671.362,268.502,818.932,382.762,368.32
      Total Income Growth (%)17.76-19.5318.310.6119.25
      Total Expenses2,375.692,079.292,540.412,046.662,130.80
      Total Expenses Growth (%)14.25-18.1524.12-3.9513.29
      EBIT295.67189.21278.52336.10237.52
      EBIT Growth (%)56.27-32.07-17.1341.50125.72
      Profit after Tax (PAT)197.03115.81190.33238.34157.73
      PAT Growth (%)70.13-39.15-20.1451.11167.88
      EBIT Margin (%)11.078.349.8814.1110.03
      Net Profit Margin (%)7.385.116.7510.006.66
      Basic EPS (₹)17.4910.2816.9021.1714.00
      Quarterly | AnnualSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
      Total Income1,556.241,379.481,789.491,514.481,501.69
      Total Income Growth (%)12.81-22.9118.160.8524.13
      Total Expenses1,412.071,257.331,622.171,250.631,393.69
      Total Expenses Growth (%)12.31-22.4929.71-10.2621.72
      EBIT144.17122.15167.32263.85108.00
      EBIT Growth (%)18.03-27.00-36.59144.3166.85
      Profit after Tax (PAT)107.9385.98128.55200.6264.39
      PAT Growth (%)25.53-33.12-35.92211.5746.74
      EBIT Margin (%)9.268.859.3517.427.19
      Net Profit Margin (%)6.946.237.1813.254.29
      Basic EPS (₹)9.067.2210.7916.845.41
      Quarterly | Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Total Revenue9,556.038,249.996,255.344,898.995,831.31
      Total Revenue Growth (%)15.8331.8927.69-15.99-4.76
      Total Expenses8,761.747,646.705,845.374,571.275,456.78
      Total Expenses Growth (%)14.5830.8227.87-16.23-2.94
      Profit after Tax (PAT)645.28450.29312.31206.58212.45
      PAT Growth (%)43.3044.1851.18-2.76-34.72
      Operating Profit Margin (%)9.457.927.107.276.79
      Net Profit Margin (%)6.925.565.094.313.70
      Basic EPS (₹)57.3039.9827.7318.3418.87
      Quarterly | Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Total Revenue6,015.425,277.504,139.953,271.883,319.48
      Total Revenue Growth (%)13.9827.4826.53-1.43-9.40
      Total Expenses5,437.444,853.213,869.892,985.933,069.44
      Total Expenses Growth (%)12.0425.4129.60-2.72-8.26
      Profit after Tax (PAT)437.44329.26200.79141.02213.99
      PAT Growth (%)32.8663.9842.38-34.10-22.25
      Operating Profit Margin (%)10.338.637.059.407.93
      Net Profit Margin (%)7.516.405.004.506.65
      Basic EPS (₹)36.7127.6316.8511.8317.95

      All figures in Rs Cr, unless mentioned otherwise

    • Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Total Assets10,153.018,838.617,461.116,506.875,955.89
      Total Assets Growth (%)14.8718.4614.679.25-12.41
      Total Liabilities5,713.214,968.393,968.623,255.482,927.99
      Total Liabilities Growth (%)14.9925.1921.9111.18-22.66
      Total Equity4,439.803,870.223,492.493,251.393,027.90
      Total Equity Growth (%)14.7210.827.427.380.45
      Current Ratio (x)1.361.381.261.451.43
      Total Debt to Equity (x)0.280.210.100.090.07
      Contingent Liabilities1,086.66956.05529.581,806.301,670.86
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Total Assets6,747.376,151.315,425.475,032.474,409.84
      Total Assets Growth (%)9.6913.387.8114.12-28.17
      Total Liabilities3,210.672,933.552,424.472,153.091,672.35
      Total Liabilities Growth (%)9.4521.0012.6028.75-50.86
      Total Equity3,536.703,217.763,001.002,879.382,737.49
      Total Equity Growth (%)9.917.224.225.180.06
      Current Ratio (x)1.291.361.171.511.45
      Total Debt to Equity (x)0.090.070.060.050.03
      Contingent Liabilities1,650.903,028.222,580.182,687.042,784.41

      All figures in Rs Cr, unless mentioned otherwise

    • Insights

      • Cash from Operations vs PAT

        Operating cash flow of Rs 247.3 cr is 0.38 times compared to the reported net profit of Rs 645.28 cr. (Source: Consolidated Financials)
      • Decrease in Cash from Investing

        Company has used Rs 509.21 cr for investing activities which is an YoY decrease of 25.08%. (Source: Consolidated Financials)
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Net Cash flow from Operating Activities247.30459.56324.71769.48325.58
      Net Cash used in Investing Activities-509.21-679.68-421.58-635.68-168.51
      Net Cash flow from Financing Activities285.40348.54-20.5877.24-232.45
      Net Cash Flow19.02144.29-115.37219.81-46.89
      Closing Cash & Cash Equivalent466.75447.73303.44418.81199.00
      Closing Cash & Cash Equivalent Growth (%)4.2547.55-27.55110.46-19.07
      Total Debt/ CFO (x)5.081.761.090.400.65
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Net Cash flow from Operating Activities90.79418.6893.87409.01253.18
      Net Cash used in Investing Activities103.39-337.63-100.17-375.16-98.40
      Net Cash flow from Financing Activities-51.38-81.49-52.6462.92-238.59
      Net Cash Flow142.80-0.44-58.9496.77-83.81
      Closing Cash & Cash Equivalent263.62120.82121.26180.2083.43
      Closing Cash & Cash Equivalent Growth (%)118.19-0.36-32.71115.99-50.11
      Total Debt/ CFO (x)3.390.531.920.340.29

      All figures in Rs Cr, unless mentioned otherwise

    • Insights

      • ROE Outperforming 5 Year Average

        Company delivered ROE of 14.53% in year ending Mar 31, 2024 outperforming its 5 year avg. of 10.1%. (Source: Consolidated Financials)
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Return on Equity (%)14.5311.648.946.357.01
      Return on Capital Employed (%)16.2414.4611.7510.1312.29
      Return on Assets (%)6.355.094.183.173.56
      Interest Coverage Ratio (x)11.7620.1621.7922.4325.94
      Asset Turnover Ratio (x)0.980.990.670.5796.22
      Price to Earnings (x)73.5357.4770.4273.5339.22
      Price to Book (x)10.646.676.264.662.75
      EV/EBITDA (x)46.1433.6138.8029.2115.93
      EBITDA Margin (%)11.049.368.949.668.83
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Return on Equity (%)12.3610.236.694.897.81
      Return on Capital Employed (%)16.6613.539.129.839.08
      Return on Assets (%)6.485.353.702.804.85
      Interest Coverage Ratio (x)28.3026.4126.3041.8348.81
      Asset Turnover Ratio (x)0.900.890.770.6672.90
      Price to Earnings (x)114.9483.33116.28114.9441.32
      Price to Book (x)14.138.487.715.573.22
      EV/EBITDA (x)74.0552.4165.2841.2627.22
      EBITDA Margin (%)11.5810.058.7311.449.88

    Financial InsightsThermax

    • Income (P&L)
    • Cash Flow
    • Ratios
      • Employee & Interest Expense

        Company has spent less than 1% of its operating revenues towards interest expenses and 12.32% towards employee cost in the year ending Mar 31, 2024. (Source: Consolidated Financials)

      • Cash from Operations vs PAT

        Operating cash flow of Rs 247.3 cr is 0.38 times compared to the reported net profit of Rs 645.28 cr. (Source: Consolidated Financials)

      • Decrease in Cash from Investing

        Company has used Rs 509.21 cr for investing activities which is an YoY decrease of 25.08%. (Source: Consolidated Financials)

      • ROE Outperforming 5 Year Average

        Company delivered ROE of 14.53% in year ending Mar 31, 2024 outperforming its 5 year avg. of 10.1%. (Source: Consolidated Financials)

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    Thermax Share Price Forecast

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      • Upcoming predictions for Revenue
      • Details about company earnings
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      • Details about company earnings
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    Thermax Technicals

    • Stock doesn't have any Buy/Sell Signals.

    • 43%
      Positive Movement since
      1st Jan 2005 on basis
      57%
      Negative Movement since
      1st Jan 2005 on basis
      Exclude
    • Pivot Levels

      R1R2R3PIVOTS1S2S3
      Classic4808.034983.525262.524704.524529.034425.524146.52

      Average True Range

      5 DAYS14 DAYS28 DAYS
      ATR242.97212.24201.94

    Thermax Peer Comparison

      • 1D
      • 1W
      • 1M
      • 3M
      • 6M
      • 1Y
      • 5Y
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    • Ratio Performance

      NAMEP/E (x)P/B (x)ROE %ROCE %ROA %Rev CAGR [3Yr]OPMNPMBasic EPSCurrent RatioTotal Debt/ Equity (x)Total Debt/ CFO (x)
      Thermax74.4412.4314.5316.246.3524.679.456.9057.301.360.285.08
      Siemens96.3318.0714.9819.408.8024.7413.6110.0355.092.060.000.00
      ABB India84.4423.8920.8927.9111.2921.7016.0011.8858.611.900.000.00
      Honeywell70.3710.3013.9018.4610.2410.2416.7112.35567.133.720.000.00
      Triveni Turbine69.7822.8728.0436.5716.2733.0921.7816.288.471.990.000.00
      Add More
      Annual Ratios (%)

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      • ISGEC Heavy Eng

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      Peers InsightsThermax

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        Thermax Shareholding Pattern

        • Loading...
          Showing Thermax Shareholding as on 30 Sep 2024
          Category30 Sep 202430 Jun 202431 Mar 202431 Dec 2023
          Promoters61.9861.9861.9861.98
          Pledge0.000.000.000.00
          FII15.3715.1512.2412.01
          DII12.7212.8815.8215.86
          Mutual Funds12.0612.0613.5613.55
          Others9.939.999.9610.15
        • Showing Shareholding as on 30 Sep 2024
          CategoryNo. of SharesPercentage% Change QoQ
          Promoters7,38,55,30561.98 %0.00
          Pledge00.00 %0.00
          FII1,83,21,14515.37 %0.22
          DII1,51,61,40612.72 %-0.16
          MF1,43,65,40812.06 %0.00
          Others1,18,18,4449.93 %-0.06

        Thermax MF Ownership

        MF Ownership as on 31 October 2024

        Thermax Corporate Actions

        • Meeting DateAnnounced onPurposeDetails
          Nov 13, 2024Oct 22, 2024Board MeetingQuarterly Results
          Aug 01, 2024Jul 23, 2024Board MeetingQuarterly Results
          Aug 01, 2024Jul 08, 2024AGM-
          May 10, 2024Apr 22, 2024Board MeetingAudited Results & Dividend
          Feb 08, 2024Jan 23, 2024Board MeetingQuarterly Results
        • TypeDividendDividend per ShareEx-Dividend DateAnnounced on
          Final600%12.0Jul 05, 2024May 10, 2024
          Final500%10.0Jul 21, 2023May 17, 2023
          Final450%9.0Jul 21, 2022May 20, 2022
          Final350%7.0Jul 22, 2021May 25, 2021
          Interim350%7.0Mar 20, 2020Mar 04, 2020
        • All TypesEx-DateRecord DateAnnounced onDetails
          SplitsMar 31, 2006Apr 10, 2006Jan 31, 2006Split: Old FV10.0| New FV:2.0
          BonusSep 08, 2003Sep 09, 2003May 29, 2003Bonus Ratio: 2 share(s) for every 1 shares held

        About Thermax

        Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 55,199.75 Crore) operating in Engineering sector. Thermax Ltd. key Products/Revenue Segments include Sale of services, Export Incentives, Scrap, Commission, Royalty Income for the year ending 31-Mar-2024. Show More

        • Executives

        • Auditors

        • MP

          Meher Pudumjee

          Chairperson
          AB

          Ashish Bhandari

          Managing Director & CEO
          PP

          Pheroz Pudumjee

          Non Executive Director
          HM

          Harsh Mariwala

          Independent Director
          Show More
        • SRBC & Co LLP

        FAQs about Thermax share

        • 1. What is Thermax share price and what are the returns for Thermax share?
          As on 19 Nov, 2024, 03:59 PM IST Thermax share price was down by 4.67% basis the previous closing price of Rs 5,003.85. Thermax share price was Rs 4,632.55. Return Performance of Thermax Shares:
          • 1 Week: Thermax share price moved down by 9.37%
          • 1 Month: Thermax share price moved down by 10.89%
          • 6 Month: Thermax share price moved down by 7.04%
        • 2. What are the key metrics to analyse Thermax Share Price?
          Key Metrics for Thermax are:
          • PE Ratio of Thermax is 74.44
          • Price/Sales ratio of Thermax is 5.07
          • Price to Book ratio of Thermax is 13.04
        • 3. Should I buy, sell or hold Thermax?
          As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 19 analysts for Thermax stock is to Hold. Recommendation breakup is as follows
          • 2 analysts are recommending Strong Buy
          • 2 analysts are recommending to Buy
          • 6 analysts are recommending to Hold
          • 8 analysts are recommending to Sell
          • 1 analyst is recommending Strong Sell
        • 4. What are the returns for Thermax share?
          Return Performance of Thermax Shares:
          • 1 Week: Thermax share price moved down by 9.37%
          • 1 Month: Thermax share price moved down by 10.89%
          • 6 Month: Thermax share price moved down by 7.04%
        • 5. What's the market capitalization of Thermax?
          Thermax share has a market capitalization of Rs 55,199.75 Cr. Within Engineering sector, it's market cap rank is 5.
        • 6. What are the Thermax quarterly results?
          Total Revenue and Earning for Thermax for the year ending 2024-03-31 was Rs 9556.03 Cr and Rs 645.28 Cr on Consolidated basis. Last Quarter 2024-09-30, Thermax reported an income of Rs 2671.36 Cr and profit of Rs 197.03 Cr.
        • 7. Which are the key peers to Thermax?
          Within Engineering sector Thermax, Honeywell Automation India Ltd., Triveni Turbine Ltd., ISGEC Heavy Engineering Ltd., ABB India Ltd. and Siemens Ltd. are usually compared together by investors for analysis.
        • 8. What is the CAGR of Thermax?
          The CAGR of Thermax is 18.11.
        • 9. What has been highest price of Thermax share in last 52 weeks?
          52 Week high of Thermax share is Rs 5,839.95 while 52 week low is Rs 2,500.25
        • 10. Who is the Chief Executive Officer of Thermax?
          Ashish Bhandari is the Managing Director & CEO of Thermax
        • 11. Who are the key owners of Thermax stock?
            • Promoter holding has not changed in last 9 months and holds 61.98 stake as on 30 Sep 2024
            • Domestic Institutional Investors holding have gone down from 15.86 (31 Dec 2023) to 12.72 (30 Sep 2024)
            • Foreign Institutional Investors holding has gone up from 12.01 (31 Dec 2023) to 15.37 (30 Sep 2024)
            • Other investor holding have gone down from 10.15 (31 Dec 2023) to 9.93 (30 Sep 2024)
        • 12. What is the PE & PB ratio of Thermax?
          The PE ratio of Thermax stands at 78.09, while the PB ratio is 12.32.
        • 13. What dividend is Thermax giving?
          An equity Final dividend of Rs 12 per share was declared by Thermax Ltd. on 10 May 2024. So, company has declared a dividend of 600% on face value of Rs 2 per share. The ex dividend date was 05 Jul 2024.

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