Thermax Ltd (THERMAX)

Thermax Ltd Expected to Report Strong Q1 Results - 12 Jul, 2024

Brokerage house Motilal Oswal expects Thermax Ltd to report a net profit of Rs 148.4 crore, up 59.3% YoY, with net sales expected to increase by 13.9% YoY to Rs 2,201 crore in Q1 FY25. EBITDA is likely to rise by 60.8% YoY to Rs 212.5 crore.

Thermax Ltd Secures Order Worth Rs. 513 Crore - 11 Jul, 2024

Thermax Babcock & Wilcox Energy Solutions has secured an order worth Rs. 513 crore for the supply of a 2X550 TPH boiler from a leading industrial conglomerate. Additionally, Thermax subsidiary has formed a joint venture with Vebro Polymers Holdings to enter into the flooring chemical business.

Thermax Secures Rs 513 Crore Order from Industrial Conglomerate - 08 Jul, 2024

Thermax Babcock & Wilcox Energy Solutions, a subsidiary of Thermax Ltd, has secured an order worth Rs 513 crore for the supply of two boilers. The order will boost the company's revenue growth visibility over the medium term and increase its order backlog.

Thermax Subsidiary Secures Order for Energy Project in Botswana - 05 Jul, 2024

Thermax's wholly-owned subsidiary, TBWES, secured a Rs. 513 crore order to set up a 600 MW greenfield energy project in Botswana. The company will supply two 550 TPH CFBC boilers over 23 months. Shares surged by 5%.

Thermax Ltd has More Cash than Debt - 02 Jul, 2024

Despite an increase in debt over the past year, Thermax Ltd has more cash and near-term receivables to offset it. The company also grew its EBIT by 27% in the last year, making it easier to pay down debt going forward.

Thermax Ltd declares 600% dividend payout - 29 Jun, 2024

Thermax Limited has declared a dividend of Rs. 12 per equity share with a face value of Rs. 2, representing a 600% payout. The record date for determining eligible shareholders is July 5, 2024, and the dividend yield is 0.23 percent.

SBI Mutual Fund Buys Stake in Thermax, Nalanda India Equity Fund Sells - 25 Jun, 2024

SBI Mutual Fund has acquired a 1.15% stake in Thermax while Singapore-based Nalanda India Equity Fund Limited sold a 1.26% stake at an average price of Rs 5,100 each. Analysts have mixed views on growth prospects due to slower topline growth and expensive valuations.

Thermax Shares Gain 100% Over Seven Months - 21 Jun, 2024

Thermax has seen significant gains in share prices due to its focus on green hydrogen and chemicals, expansion into the energy and environmental solutions sector, and consistent positive monthly returns. Sharekhan recommends holding with a target price of Rs. 5200.