Thermax Ltd (THERMAX)

Thermax 4QFY24 Results Beat Estimates - 17 May, 2024

Thermax's 4QFY24 revenue/EBITDA/PAT grew by 20%/37%/20% YoY, beating estimates. Order inflows were lower than expected due to a lack of large-sized orders during the year. The company expects finalization of large-sized order inflows over the next few quarters and has raised its FY25/26 estimates by 4%/10%. However, incremental investments in TOESL/FEPL may weigh on balance sheet strength and near-to-medium-term return ratios.

Thermax Share Price Surges Despite Brokerage Concerns - 15 May, 2024

Thermax's Q4 results were healthy on profitability but weak on order inflows. Analysts suggest up to 27% potential downside on the stock due to expensive valuation. However, Thermax is exploring partnerships for manufacturing electrolyzers and investing in green hydrogen and chemicals.

Thermax Stock Expected to Gain More Than 16% - 14 May, 2024

Thermax's order book increased by Rs. 2,309 crore during Q4, improving revenue visibility as order backlog stood at Rs. 10,111 crore at the end of FY24. Jefferies expects further gains due to margin improvement and supportive valuations.

Thermax Reports Strong Financial Results for FY24 - 13 May, 2024

Thermax Ltd reports strong financial results for FY24 with a rise in revenue, net profit, and EBITDA. The company also approves the formation of a new subsidiary and provides support to its existing subsidiaries. Shares rise by 2%.

Thermax Q4 Results Show Increase in Revenue and Profit - 12 May, 2024

Thermax's Q4 results reveal an increase of 19.6% YoY in revenue and 22.01% YoY in profit. The EPS for Q4 is ₹16.88, up by 21.91% YoY. The market cap is ₹50514.35 Cr with a consensus recommendation to Hold.

Thermax Reports Over 20% Rise in Net Profit for March Quarter - 10 May, 2024

Thermax Ltd reported a consolidated net profit of Rs 188 crore in the March quarter, up by over 20% YoY. The company's order booking was higher by 2%, and it completed the acquisition of 51% of TSA Process Equipments. The board has recommended a dividend of Rs 12 per share for 2023-24.

Thermax Ltd's ROCE lower than industry average - 03 May, 2024

Thermax Ltd has an ROCE of 13%, which is lower than the Machinery industry average of 18%. The company has employed 63% more capital in the last five years, and further research is needed to determine if the stock is undervalued or overvalued.

Thermax Expects Big Projects in Steel, Refining and Power Sectors - 18 Apr, 2024

Thermax's Managing Director and CEO, Ashish Bhandari, is optimistic about the power sector with the government talking about large power plants. He expects big projects to be back in play this year in steel, refining and petrochemicals, or power.