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Thermax Ltd Share Price (THERMAX)

₹3582.33.14%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Thermax Ltd

Key events for Thermax Ltd

  • Asit C Mehta Recommends Accumulating Thermax Ltd - 28 Feb, 2024

    Asit C Mehta recommends accumulating Thermax Limited with a target price of Rs 4096 based on FY26E EPS of Rs 60.24 with a forward PE valuation multiple of 68x, making it a value buy with growth potential for medium to long-term investment.

  • Thermax Signs License & Technical Assistance Agreement With Flowtech Co. - 21 Feb, 2024

    Thermax has signed a licence and technical assistance agreement with South Korea's Flowtech Co Ltd to obtain technology for manufacturing Poly Carboxylate Ether (PCE) products. The consideration for this technology agreement involves a payment of $300,000, wherein 50 percent will be adjusted against royalty payments, and the remaining amount will serve as a refundable deposit throughout the agreement period. Thermax's consolidated net profit jumped 89.9% YoY in Q3 FY24, while revenue increased by 13.4% YoY. Shares rose 1.5% on the news.

  • Thermax Acquires Technology for PCE Products - 20 Feb, 2024

    Thermax has entered into a License and Technical Assistance Agreement with South Korea's Flowtech Co Ltd. to acquire the technology required for manufacturing Poly Carboxylate Ether (PCE) products, expected to enhance Thermax's construction chemicals business.

  • Thermax to Renew Focus on Power Projects - 19 Feb, 2024

    Thermax Ltd is actively looking at projects in the thermal power sector as the Indian government strengthens its stand on adding more coal-fired capacity to meet electricity demand.

  • Thermax to Invest Rs 1,000 Crore in Gujarat - 16 Feb, 2024

    Thermax Ltd plans to invest Rs 1,000 crore at multiple locations in Gujarat over the next year. The investments will be made in their own chemical plants, renewable energy capabilities, and customer plants for biomass and related facilities.

  • Thermax Reports 14% YoY Increase in Order Inflow - 15 Feb, 2024

    Thermax reported a 14% YoY increase in order inflow to ₹2,506 crore in Q3. The company is optimistic about its order pipeline and expects improved profitability from its chemicals and green solutions segments.

  • Thermax to Acquire 51% Stake in TSA Process Equipments - 14 Feb, 2024

    Thermax Ltd has signed an agreement to acquire a 51% stake in Mumbai-based TSA Process Equipments for Rs 71 crore, with plans to acquire the balance stake over the next two years. The acquisition will enable Thermax to provide water solutions in the semiconductor and manufacturing space.

  • Mixed News for Thermax Ltd Stock - 13 Feb, 2024

    Thermax's Q3 FY24 results were below estimates, but Jefferies maintained a buy rating with reduced target price of Rs 4000. The company has grabbed a large project pipeline, and the base order outlook is comfortable. Order inflows are improving, especially fueled by the power sector.

  • Thermax Ltd Shows Signs of Medium-Term Uptrend - 11 Feb, 2024

    Technical analysis indicates that Thermax Ltd is exhibiting a pattern of higher high-low formations on the weekly chart and holding above the medium-term upward-sloping trendline, signaling a medium-term uptrend. The stock breached the Cup and Handle pattern at the 3276 level with increased volume activity, indicating an upside potential of 3790-3885 levels in the next 3 to 4 weeks.

  • Thermax Reports Strong Q3 Results - 10 Feb, 2024

    Thermax Ltd reports strong Q3 FY24 results with a 13.42% increase in revenue and an 88.87% increase in profit YoY. The company also beat EPS expectations but missed revenue estimates. Analysts recommend holding the stock.

  • Thermax Posts Strong Q3 Results; Anu Aga's Leadership History - 09 Feb, 2024

    Engineering firm Thermax posted an 88% YoY increase in consolidated net profit for Q3, with the board approving additional capex of Rs 45 crore. Anu Aga, who holds a majority stake in Thermax, took over leadership in 1996 after her husband's death and stepped down as chairman in 2004.

  • Thermax Reports Strong Q3 Results - 08 Feb, 2024

    Thermax Ltd reported an 88% YoY increase in consolidated net profit for Q3FY24, driven by higher revenues. The company's board also approved additional capex of Rs 45 crore to set up an ion exchange resin manufacturing plant at Jhagadia, Gujarat. On February 6, the company signed an agreement to acquire a 51% stake in TSA Process Equipments for a total consideration of Rs 71.14 crore.

  • Thermax Acquires Majority Stake in TSA Process Equipments - 07 Feb, 2024

    Thermax Ltd acquires a 51% stake in TSA Process Equipments, allowing the company to offer a one-stop solution for high-purity water requirements. The stock also showcases bullish momentum and is close to breaching all-time highs.

  • Thermax Acquires Majority Stake in TSA Process Equipments - 06 Feb, 2024

    Thermax Group has acquired a 51% stake in TSA Process Equipments for Rs 71.14 crore, with plans for full acquisition over the next two years. This move will strengthen Thermax's water purification capabilities and enable it to offer one-stop solutions for high-purity water requirements in various sectors.

Analyst Rating for Thermax Ltd stock

based on 19 analysts

HOLD
31.82%
Buy
40.91%
Hold
27.27%
Sell

Based on 19 analysts offering long term price targets for Thermax Ltd. An average target of ₹3103.21

Source: S&P Global Market Intelligence

Thermax Ltd share Performance

  • ₹3540
    ₹3699
    ₹3582.3
    downward going graph

    1.18%

    Downside

    Day's Volatility:4.44%

    Upside

    3.26%

    downward going graph
  • ₹2102.2
    ₹3894.95
    ₹3582.3
    downward going graph

    41.32%

    Downside

    52 Weeks Volatility:50.04%

    Upside

    8.73%

    downward going graph
1 Month Return19.05 %
3 Month Return43.66 %
1 Year Return71.78 %
Previous Close₹3,698.50
Open₹3,699.00
Volume3.10L
Market Cap₹44,069.96Cr

Thermax Ltd Company Information

Thermax Ltd is an Indian engineering company, incorporated in 1980. The company is involved in providing engineering solutions in the energy and environment sectors. Thermax has operations in over 75 countries, with a presence in all major markets. Its lines of business include heating, cooling, water and waste management, energy management, and specialty chemicals.

Thermax's top products include boilers, chillers, water and waste management systems, air pollution control systems, and energy management systems. Its popular brands include Thermax, Thermion, and Thermofin. Thermax is also the leading supplier of energy efficient solutions in India, with its products helping customers reduce their energy consumption and carbon footprint.

Share Price: ₹3582.30 per share as on 28 Feb, 2024 04:01 PM
Market Capitalisation: ₹44,069.96Cr as of today
Revenue: ₹2,324.36Cr as on December 2023 (Q4 23)
Net Profit: ₹237.06Cr as on December 2023 (Q4 23)
Listing date: 14 Jun, 1995
Chairperson Name: Meher P Pudumjee
OrganisationThermax Ltd
HeadquartersPune
IndustryCapital Goods-Non Electrical Equipment
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Fundamentals of Thermax Ltd

Insights on Thermax Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, THERMAX stock has moved up by 4.4%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 13.47% to 13.55% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.98K Cr → 2.50K Cr (in ₹), with an average increase of 10.9% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 4.53% to 4.66% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 58.88 Cr → 238.34 Cr (in ₹), with an average increase of 48.3% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, THERMAX has outperformed top 5 stocks with highest market-cap in Industrial Machinery & Equipment

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Schaeffler India Ltd has given 183.7% return, outperforming this stock by 19.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 61.98% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.54% to 12.01% in Dec 2023 quarter

Thermax Ltd Valuation

Thermax Ltd in the last 5 years

  • Overview

  • Trends

Lowest (25.41x)

March 23, 2020

Today (68.18x)

February 27, 2024

Industry (75.97x)

February 27, 2024

Highest (116.86x)

March 10, 2021

LowHigh

Thermax Ltd Mutual Fund Holdings

Funds Holdings
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth2.5%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth2.17%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth1.27%
SBI Magnum Midcap Fund Direct GrowthSBI Magnum Midcap Fund Direct Growth3.01%
Mirae Asset Midcap Fund Direct GrowthMirae Asset Midcap Fund Direct Growth1.96%

Thermax Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
61.98%
0.00
Foreign Institutions
12.01%
-4.20
Mutual Funds
13.55%
0.61
Retail Investors
4.66%
2.78
Others
7.8%
4.26

Technicals of Thermax Ltd share

News & Events of Thermax Ltd

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Thermax Ltd (THERMAX) share price today is ₹3582.3

Thermax Ltd is listed on NSE

Thermax Ltd is listed on BSE

  • Today’s highest price of Thermax Ltd is ₹3699.
  • Today’s lowest price of Thermax Ltd is ₹3540.

PE Ratio of Thermax Ltd is 68.18

PE ratio = Thermax Ltd Market price per share / Thermax Ltd Earnings per share

Today’s traded volume of Thermax Ltd(THERMAX) is 3.10L.

Today’s market capitalisation of Thermax Ltd(THERMAX) is ₹44069.96Cr.

Thermax Ltd(THERMAXPrice
52 Week High
₹3894.95
52 Week Low
₹2102.2

Thermax Ltd(THERMAX) share price is ₹3582.3. It is down -8.03% from its 52 Week High price of ₹3894.95

Thermax Ltd(THERMAX) share price is ₹3582.3. It is up 70.41% from its 52 Week Low price of ₹2102.2

Thermax Ltd(THERMAXReturns
1 Day Returns
-116.2%
1 Month Returns
19.05%
3 Month Returns
43.66%
1 Year Returns
71.78%