Overall Fundamental outlook

Business Operations:

Sector: Industrials
Industry: Conglomerates

Thermax Limited provides energy, environment, and chemical solutions in India and internationally. It operates through Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The company offers vapour absorption and hybrid chillers, triple effect chillers, chiller-heaters, heat pumps, heat pump chillers, and heat transformers; evaporative condensers, closed loop cooling towers, adiabatic and dry coolers, and air-cooled heat exchangers; industrial refrigeration; and renewable energy solutions. It also provides biomass fired, fixed plate, spent wash fired, waste to energy, oil and gas fired, lean gas fired, waste heat recovery, and steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. In addition, the company offers air pollution control, and water and waste solutions; chemicals, such as ion exchange resins, performance, construction, water treatment, oil field, and paper chemicals; and steam engineering solutions. Further, it operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tyre industries. The company was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

Revenue projections:

Revenue projections for THERMAX
Revenue projections for THERMAX

THERMAX is projected to see lower revenues than in the previous year, a trend that usually concerns investors. Declining revenues often harm a company's profitability, leading investors to exercise caution as they weigh the potential risks of continued financial downturns.

Financial Ratios:

currentRatio 1.334000
forwardPE 37.843178
debtToEquity 35.784000
earningsGrowth -0.393000
revenueGrowth -0.053000
grossMargins 0.459840
operatingMargins 0.048730
trailingEps 52.760000
forwardEps 80.380000

Thermax Limited's current ratio, being 1.334, means the company is well-positioned to meet its short-term debt obligations. This reflects Thermax Limited's strong liquidity, as its cash reserves and current assets provide more than enough coverage for its immediate liabilities.
THERMAX's low growth in both earnings and revenue indicates the company's profits may decrease. This trend could signal a downturn in financial performance, suggesting that THERMAX might struggle to maintain its current profit levels.
Thermax Limited's negative gross and operating margins point to financial difficulties, as the company is unable to generate profit from its core operations or production. This could signal broader problems in cost management or declining sales.
THERMAX's forward EPS exceeding its trailing EPS means the company is expected to be more profitable this year than last. This suggests an upward trend in earnings, with forecasts indicating that THERMAX's financial performance will improve in the current financial year.

Price projections:

Price projections for THERMAX
Price projections for THERMAX

THERMAX's price has consistently hovered around the lower limit of price projections. This pattern suggests that the stock may be underperforming relative to expectations, which could lead to concerns among investors.

Recommendation changes over time:

Recommendations trend for THERMAX
Recommendations trend for THERMAX


Analysts have shown a buy bias for Thermax Limited, signaling it as a strong investment choice. This positive outlook could motivate investors to allocate funds to Thermax Limited, seeing it as a reliable and potentially profitable option, especially in an environment where the stock market is highly scrutinized.