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's revenue is forecasted to dip below last year's figures, raising concerns for investors who are typically wary of declining financial performance. Such drops can directly affect the company's bottom line, potentially leading to a decrease in overall profitability, making investors more cautious in their decisions.

Financial Ratios:

currentRatio 1.299000
forwardPE 40.010777
debtToEquity 34.752000
earningsGrowth 0.082000
revenueGrowth 0.116000
grossMargins 0.440400
operatingMargins 0.082440
trailingEps 56.480000
forwardEps 80.380000

With a current ratio 1.299, THERMAX demonstrates the ability to service its short-term debt without difficulty. The company's strong cash reserves and current assets ensure that it can meet its liabilities, reflecting financial stability and healthy liquidity.
THERMAX's forward EPS is greater than its trailing EPS, indicating that the company is expected to deliver higher profitability this year. This suggests that THERMAX is projected to improve its earnings, reflecting positive growth compared to last year's financial performance.

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 maintained a buy bias for THERMAX, which could prompt investors to consider the stock as a viable investment. With this positive outlook, THERMAX is positioned as an attractive option for those looking to park their money in a stable and potentially lucrative company.