Nifty
:
23587.50
Sensex
:
78041.59
-364.20 (-1.52%)
-1176.46 (-1.49%)
Nifty
Sensex
:
:
23587.50
78041.59
-364.20 (-1.52%)
-1176.46 (-1.49%)

Thermax Ltd.

Engineering - Industrial Equipments

Rating :
N/A

BSE: 500411 | NSE: THERMAX

NSE BSE
4653.35
20-Dec-2024
  • Open
  • High
  • Low
  • Previous Close
  •  4650.70
  •  4808.05
  •  4482.55
  •  4650.70
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  393728
  •  18286.63
  •  5839.95
  •  2977.00

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 55,395.17
  • 74.71
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 56,080.39
  • 0.26%
  • 11.99

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 61.98%
  • 0.19%
  • 3.73%
  • FII
  • DII
  • Others
  • 15.38%
  • 12.68%
  • 6.04%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 5.80
  • 10.16
  • 15.01

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 5.60
  • 14.71
  • 14.50

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.89
  • 24.88
  • 27.37

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 65.96
  • 72.58
  • 74.64

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 6.12
  • 7.04
  • 8.98

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 31.59
  • 37.09
  • 43.96

Earnings Forecasts:

Description
2024
2025
2026
2027
Adj EPS
57.3
62.81
82.03
102.05
P/E Ratio
80.48
73.42
56.22
45.19
Revenue
9243
10676
12596
14809
EBITDA
767
955
1257
1541
Net Income
645
717
946
1173
ROA
6.8
7.4
8.6
9.5
P/Bk Ratio
12.38
10.59
9.19
7.87
ROE
15.53
15.2
17.53
18.49
FCFF
-591.57
262.42
388.89
526.96
FCFF Yield
-1.09
0.48
0.72
0.97

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 24
Sep 23
Var%
Jun 24
Jun 23
Var%
Mar 24
Mar 23
Var%
Dec 23
Dec 22
Var%
Net Sales
2,611.59
2,302.46
13.43%
2,184.41
1,932.96
13.01%
2,763.68
2,310.82
19.60%
2,324.36
2,049.25
13.42%
Expenses
2,333.62
2,097.84
11.24%
2,043.26
1,800.76
13.47%
2,490.53
2,110.92
17.98%
2,136.94
1,888.17
13.18%
EBITDA
277.97
204.62
35.85%
141.15
132.20
6.77%
273.15
199.90
36.64%
187.42
161.08
16.35%
EBIDTM
10.64%
8.89%
6.46%
6.84%
9.88%
8.65%
8.06%
7.86%
Other Income
59.77
65.86
-9.25%
84.09
53.06
58.48%
55.25
57.49
-3.90%
58.40
42.32
38.00%
Interest
29.39
19.80
48.43%
27.48
13.37
105.53%
27.81
13.92
99.78%
26.61
9.12
191.78%
Depreciation
42.07
32.96
27.64%
36.03
29.40
22.55%
49.88
29.44
69.43%
35.84
29.07
23.29%
PBT
266.28
217.72
22.30%
161.73
91.86
76.06%
250.71
214.03
17.14%
309.49
165.21
87.33%
Tax
68.25
58.87
15.93%
51.89
31.52
64.63%
63.28
58.14
8.84%
72.10
38.55
87.03%
PAT
198.03
158.85
24.66%
109.84
60.34
82.04%
187.43
155.89
20.23%
237.39
126.66
87.42%
PATM
7.58%
6.90%
5.03%
3.12%
6.78%
6.75%
10.21%
6.18%
EPS
17.49
14.01
24.84%
10.29
5.23
96.75%
16.90
13.85
22.02%
21.17
11.21
88.85%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Net Sales
9,884.04
9,323.46
8,089.81
6,128.33
4,791.25
5,748.25
5,974.10
4,464.88
4,483.08
5,144.96
5,304.41
Net Sales Growth
14.99%
15.25%
32.01%
27.91%
-16.65%
-3.78%
33.80%
-0.41%
-12.86%
-3.01%
 
Cost Of Goods Sold
5,530.87
5,219.56
4,624.68
3,485.04
2,538.63
3,085.69
3,336.66
2,349.34
2,264.32
2,740.36
2,865.83
Gross Profit
4,353.17
4,103.90
3,465.13
2,643.29
2,252.62
2,662.56
2,637.44
2,115.54
2,218.76
2,404.60
2,438.58
GP Margin
44.04%
44.02%
42.83%
43.13%
47.02%
46.32%
44.15%
47.38%
49.49%
46.74%
45.97%
Total Expenditure
9,004.35
8,527.70
7,492.25
5,724.01
4,436.06
5,347.56
5,516.66
4,063.94
4,050.09
4,728.98
4,843.00
Power & Fuel Cost
-
57.28
61.96
52.31
38.59
44.36
51.02
40.11
33.34
32.46
38.59
% Of Sales
-
0.61%
0.77%
0.85%
0.81%
0.77%
0.85%
0.90%
0.74%
0.63%
0.73%
Employee Cost
-
1,148.29
955.30
812.93
758.76
799.02
767.45
680.50
686.40
659.74
706.13
% Of Sales
-
12.32%
11.81%
13.27%
15.84%
13.90%
12.85%
15.24%
15.31%
12.82%
13.31%
Manufacturing Exp.
-
1,365.94
1,197.76
848.77
684.36
799.20
822.71
557.61
615.02
767.78
701.54
% Of Sales
-
14.65%
14.81%
13.85%
14.28%
13.90%
13.77%
12.49%
13.72%
14.92%
13.23%
General & Admin Exp.
-
326.82
278.47
215.82
157.66
236.60
221.01
189.71
182.59
186.46
209.14
% Of Sales
-
3.51%
3.44%
3.52%
3.29%
4.12%
3.70%
4.25%
4.07%
3.62%
3.94%
Selling & Distn. Exp.
-
291.03
273.70
247.30
185.79
255.27
189.01
153.02
142.36
142.10
187.02
% Of Sales
-
3.12%
3.38%
4.04%
3.88%
4.44%
3.16%
3.43%
3.18%
2.76%
3.53%
Miscellaneous Exp.
-
118.78
100.38
61.84
72.27
127.42
128.80
93.65
126.06
200.08
187.02
% Of Sales
-
1.27%
1.24%
1.01%
1.51%
2.22%
2.16%
2.10%
2.81%
3.89%
2.54%
EBITDA
879.69
795.76
597.56
404.32
355.19
400.69
457.44
400.94
432.99
415.98
461.41
EBITDA Margin
8.90%
8.54%
7.39%
6.60%
7.41%
6.97%
7.66%
8.98%
9.66%
8.09%
8.70%
Other Income
257.51
234.20
160.18
144.06
107.74
105.49
149.88
116.39
114.05
122.41
123.04
Interest
111.29
87.59
37.59
25.17
20.64
15.02
14.32
12.85
9.71
12.19
81.95
Depreciation
163.82
148.08
116.86
113.24
114.57
116.63
92.02
82.44
81.90
59.10
134.12
PBT
988.21
794.29
603.29
409.97
327.72
374.53
500.98
422.04
455.43
467.10
368.38
Tax
255.52
225.77
152.36
97.79
68.61
162.08
84.94
165.75
155.99
143.94
170.83
Tax Rate
25.86%
25.96%
25.25%
23.85%
24.93%
43.28%
20.64%
39.27%
35.65%
30.82%
53.56%
PAT
732.69
645.28
450.29
312.31
206.58
212.45
326.50
257.30
288.47
323.16
209.77
PAT before Minority Interest
742.14
643.19
450.70
312.31
206.58
212.45
326.50
256.29
281.60
323.16
148.13
Minority Interest
9.45
2.09
-0.41
0.00
0.00
0.00
0.00
1.01
6.87
0.00
61.64
PAT Margin
7.41%
6.92%
5.57%
5.10%
4.31%
3.70%
5.47%
5.76%
6.43%
6.28%
3.95%
PAT Growth
46.03%
43.30%
44.18%
51.18%
-2.76%
-34.93%
26.89%
-10.81%
-10.73%
54.05%
 
EPS
61.47
54.13
37.78
26.20
17.33
17.82
27.39
21.59
24.20
27.11
17.60

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Shareholder's Funds
4,439.80
3,868.07
3,492.49
3,251.39
3,027.90
3,014.29
2,714.74
2,537.62
2,416.16
2,146.41
Share Capital
22.52
22.52
22.52
22.52
22.52
22.52
22.52
22.52
22.52
23.83
Total Reserves
4,411.31
3,843.03
3,469.97
3,228.87
3,005.38
2,991.77
2,692.22
2,515.10
2,393.64
2,122.58
Non-Current Liabilities
879.31
450.58
80.34
23.79
-14.21
-90.08
43.37
40.89
29.17
580.24
Secured Loans
789.48
422.52
61.42
22.16
33.39
35.07
53.01
46.02
33.06
493.70
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1.17
0.54
Long Term Provisions
42.43
38.40
32.41
25.86
20.97
16.06
10.01
10.16
5.57
8.85
Current Liabilities
4,725.35
4,409.19
3,758.07
3,070.65
2,786.84
3,653.81
3,078.74
2,365.23
2,615.29
3,274.14
Trade Payables
1,532.89
1,497.86
1,459.76
1,138.01
960.24
1,370.65
1,038.60
1,004.19
947.61
1,062.70
Other Current Liabilities
2,432.90
2,319.87
1,791.87
1,429.49
1,467.76
1,942.04
1,688.49
1,109.16
1,334.14
1,716.43
Short Term Borrowings
413.19
363.31
276.25
282.90
178.15
185.00
164.24
85.27
137.94
127.47
Short Term Provisions
346.37
228.15
230.19
220.25
180.69
156.12
187.41
166.61
195.60
367.54
Total Liabilities
10,044.46
8,729.99
7,330.90
6,345.83
5,800.53
6,578.02
5,836.85
4,945.13
5,060.62
6,078.80
Net Block
1,906.12
1,248.17
1,194.74
1,242.04
1,282.98
1,311.86
972.68
810.73
827.31
1,431.41
Gross Block
3,228.38
2,469.47
2,351.78
2,328.06
2,255.44
2,236.29
1,741.27
1,515.42
1,437.85
2,051.24
Accumulated Depreciation
1,309.45
1,221.30
1,157.04
1,086.02
972.46
924.43
768.59
704.69
610.54
619.83
Non Current Assets
3,596.38
2,649.83
2,593.11
1,879.37
1,823.25
1,840.90
1,735.29
1,647.77
1,450.62
1,893.53
Capital Work in Progress
524.79
433.77
44.32
24.16
56.00
40.12
103.37
141.30
60.01
42.92
Non Current Investment
401.63
233.21
709.99
119.21
59.13
54.28
254.65
283.97
184.65
0.10
Long Term Loans & Adv.
538.40
555.56
475.37
373.36
326.55
291.93
320.72
329.11
212.53
286.49
Other Non Current Assets
225.44
179.12
168.69
120.60
98.59
142.71
83.87
82.66
166.12
132.61
Current Assets
6,448.08
6,072.26
4,737.79
4,466.46
3,977.28
4,737.12
4,101.56
3,297.36
3,610.00
4,185.27
Current Investments
1,363.46
1,392.87
766.54
115.25
816.07
775.06
1,217.08
799.07
865.16
821.66
Inventories
764.90
755.63
727.01
404.74
454.56
508.62
366.62
283.25
290.32
430.97
Sundry Debtors
2,116.43
1,762.06
1,423.72
1,237.10
1,386.33
1,378.13
1,243.21
1,034.24
1,334.09
1,775.74
Cash & Bank
975.32
1,131.58
953.50
1,939.20
481.49
369.06
293.99
220.99
297.64
384.36
Other Current Assets
1,227.97
102.41
139.75
122.01
838.83
1,706.25
980.66
959.81
822.79
772.54
Short Term Loans & Adv.
1,121.75
927.71
727.27
648.16
718.50
445.58
334.89
256.09
214.17
217.78
Net Current Assets
1,722.73
1,663.07
979.72
1,395.81
1,190.44
1,083.31
1,022.82
932.13
994.71
911.13
Total Assets
10,044.46
8,722.09
7,330.90
6,345.83
5,800.53
6,578.02
5,836.85
4,945.13
5,060.62
6,078.80

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Cash From Operating Activity
247.30
459.56
324.71
769.48
325.58
-115.42
533.59
334.58
252.58
310.75
PBT
869.78
603.29
409.97
275.19
374.53
411.44
422.04
437.59
467.10
318.96
Adjustment
39.80
70.31
18.28
114.66
60.48
108.65
13.84
81.50
94.22
179.90
Changes in Working Capital
-475.95
-62.80
-0.54
473.43
21.83
-448.51
274.84
-26.69
-137.94
-48.08
Cash after chg. in Working capital
433.63
610.80
427.71
863.28
456.84
71.58
710.72
492.40
423.38
450.78
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-186.33
-151.24
-103.00
-93.80
-131.26
-187.00
-177.13
-157.82
-170.80
-140.03
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-509.21
-679.68
-421.58
-635.68
-168.51
265.52
-531.09
-74.98
-145.79
79.62
Net Fixed Assets
-151.86
-30.79
-11.98
-40.74
-16.72
67.15
-132.17
-101.81
-39.31
-46.62
Net Investments
-123.36
-274.64
-1,092.14
506.39
14.90
371.40
-391.34
-26.21
-120.99
-161.74
Others
-233.99
-374.25
682.54
-1,101.33
-166.69
-173.03
-7.58
53.04
14.51
287.98
Cash from Financing Activity
285.40
348.54
-20.58
77.24
-232.45
-65.37
-20.32
-125.58
-112.25
-351.23
Net Cash Inflow / Outflow
23.49
128.42
-117.45
211.04
-75.38
84.73
-17.82
134.02
-5.46
39.14
Opening Cash & Equivalents
447.73
303.44
418.81
199.00
245.89
160.70
153.98
44.31
31.09
77.05
Closing Cash & Equivalent
466.75
447.73
303.44
418.81
199.00
245.89
160.70
153.98
44.31
116.19

Financial Ratios

Consolidated /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Book Value (Rs.)
393.77
343.30
310.17
288.76
268.91
267.70
241.10
225.37
214.58
180.14
ROA
6.85%
5.61%
4.57%
3.40%
3.43%
5.26%
4.75%
5.63%
5.80%
2.46%
ROE
15.50%
12.25%
9.26%
6.58%
7.03%
11.40%
9.76%
11.37%
14.17%
7.08%
ROCE
18.44%
15.03%
11.74%
8.67%
11.96%
13.73%
15.47%
16.93%
17.60%
14.23%
Fixed Asset Turnover
3.27
3.36
2.62
2.09
2.56
3.00
2.75
3.11
3.02
2.66
Receivable days
75.92
71.87
79.24
99.93
87.77
80.08
92.66
94.17
107.78
108.48
Inventory Days
29.76
33.45
33.70
32.73
30.58
26.74
26.44
22.81
25.00
28.31
Payable days
105.97
116.71
136.04
150.84
83.20
83.40
96.25
93.25
83.04
76.38
Cash Conversion Cycle
-0.29
-11.40
-23.09
-18.18
35.15
23.41
22.85
23.73
49.74
60.41
Total Debt/Equity
0.28
0.21
0.10
0.10
0.08
0.08
0.09
0.05
0.08
0.32
Interest Cover
10.92
17.04
17.29
14.33
25.94
29.73
33.84
46.07
39.32
4.89

Annual Reports:

FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016
FY 2015

News Update:


  • Thermax completes acquisition of 100% equity share capital of Buildtech Products India
    20th Dec 2024, 11:39 AM

    Accordingly, Buildtech has become a wholly owned subsidiary of the Company

    Read More
  • Thermax signs agreement to acquire 100% stake in Buildtech Products India
    25th Oct 2024, 17:42 PM

    The acquisition would provide Thermax entry into niche infrastructure projects including tunnelling, hydro power projects, etc.

    Read More
  • Thermax’s arm receives repeat order worth Rs 516 crore
    14th Sep 2024, 16:14 PM

    This order is part of the second phase of a 600 MW project being developed by the major, positioning Thermax as the sole partner for the entire project

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