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

Revenues for Thermax Limited are expected to drop compared to the previous year, which could be a cause for concern for investors. A decline in earnings may negatively impact the company's profitability, leading cautious investors to reconsider their positions, as it often signals challenges in overall financial health.

Financial Ratios:

currentRatio 0.00000
forwardPE 40.98815
debtToEquity 34.75200
earningsGrowth 0.31500
revenueGrowth -0.01600
grossMargins 0.45482
operatingMargins 0.08196
trailingEps 59.40000
forwardEps 80.38000

Thermax Limited's forward EPS being higher than its trailing EPS points to expected growth in profitability. This suggests that the company is projected to perform better in the current financial year, with higher earnings forecasted compared to the previous year.

Price projections:

Price projections for THERMAX
Price projections for THERMAX

THERMAX's price projections have steadily risen over time, pointing to increasing optimism about the company's prospects. This upward revision suggests that analysts expect THERMAX to continue delivering solid performance in the future.

Recommendation changes over time:

Recommendations trend for THERMAX
Recommendations trend for THERMAX


Analysts' recent buy bias toward THERMAX suggests the stock is gaining favor as a strong investment choice. This optimism could drive more investors to see THERMAX as a smart place to invest, further bolstering confidence in the company's long-term growth and potential returns.