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THERMAX
Intrinsic Value | Fundamental Analysis

BOM : 500411     NSE : THERMAX    
LT :  
    Long Term Analysis
Fundamentals : Average
Valuation : Bad [Stock is Expensive]
Debt : Low
Updated:
ST :  
    Short Term Analysis
Quarterly Earnings Trend : Upward
Price Momentum : Downward
Pledged Shares : None or < 25%
Dec 08,2022
Price(EOD): ₹ 2,062.65
This is the End-of-Day (EOD) Stock Price updated daily by 7 pm IST.
Engineering - Industrial Equipments
MCap: ₹ 24,586.79 Cr
Value of ₹ 1 Lac invested in THERMAX
on Dec 08,2017 (price: ₹ 1,161.70)

₹ 1 L

₹ 1.78 L

1W : -1.4% 1M : -11.7% 1Y : 24.7%
COMMUNITY POLL
for THERMAX
Please provide your vote to see the results
THERMAX is part of below Screeners ↓
Best Quarterly Growth Mid Cap Stocks
Industry Peers & Returns1W1M1Y
THERMAX -1.4% -11.7% 24.7%
BHARAT ELECTRONICS -0.8% -2.6% 52.9%
BHARAT HEAVY ELECTRICALS -3.4% 16.7% 43.1%
AIA ENGINEERING 2.4% 7% 52.2%
HLE GLASCOAT -4.2% -4.5% -45.8%
PRAJ INDUSTRIES 0.1% -7.7% 20%
GMM PFAUDLER 0.2% 4.9% 26.6%
BEML 7% -0.3% -22.8%
ISGEC HEAVY ENGINEERING 0.2% 6.9% -6.8%

FUNDAMENTAL ANALYSIS OF THERMAX

 
Fundamentals Score
[ Q(TTM): Sep2022, Y: Mar2022
Q : Last Qtr data
Y : Last Audited Annual/Yearly Data
TTM i.e. Trailing Twelve Months is calculated using last 4 quarterly data and is a good substitute to track last 4 Qtr Annual result before the subsequent year data is published and audited.
Learn More
]


VALUATION OF THERMAX

 
Valuation Score
[As on : Dec 08,2022 ]

Ratio Consolidated
P/E
P/B
P/S
70.17
P/E Calculated based on Trailing Twelve Months (TTM) Earnings of Rs 350.24 Cr
[Latest Qtr - Sep2022 - Consolidated Results ]

7.04
P/B Calculated based on Book Value of Rs 3,492.49 Cr
[Latest Year - Mar2022 - Consolidated Results ]

3.35
P/S Calculated based on Trailing Twelve Months (TTM) Revenues of Rs 7,336.39 Cr
[Latest Qtr - Sep2022 - Consolidated Results ]

Financial Ratios →

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FAIR VALUE OF THERMAX

 
Model Discount(-)/
Premium(+)
EV/EBIDTA
EV/Sales
Price/Sales
147%
59%
88%

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SHARE PRICE MOMENTUM OF THERMAX



THERMAX vs SENSEX


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DEBT OF THERMAX

Year Debt/Equity ratio
Standalone Consolidated
2022
2021
2020
Avg_3yrs
0.06
0.05
0.03
0.05
0.1
0.1
0.08
0.09
[Last Annual Data : Mar2022]
Financial Ratios →

PLEDGED PROMOTER SHARES OF THERMAX

Pledged Promoter Shares
0 %
As on : Sep2022

If less than 25%

Good
If between 25% and 50% Neutral
If greater than 50% Bad
Shareholding Pattern →

QTRLY RESULTS OF THERMAX

Consolidated Q-o-Q Y-o-Y
Revenue
Op Profit
Profit Before Tax
Profit After Tax
25.43%
46.36%
75.08%
85.29%
41.24%
27.76%
24.77%
24.39%
QtrlyTrend
8
Latest Qtr: Sep2022
Quarterly Result Analysis →


THERMAX related INDICES

BSE Indices1W1M1Y
S&P BSE CAPITAL GOODS 2.4% 3.9% 26.8%
S&P BSE INDUSTRIALS 2.1% 4.6% 28.3%
S&P BSE 400 MIDSMALLCAP 0.6% 1.9% 5.4%
S&P BSE SMALL CAP 0.5% 1.9% 5.1%
S&P BSE 150 MIDCAP 0.5% 1.6% 5.8%
NSE Indices1W1M1Y
NIFTY MID SMALL400 0.6% 1.9% 5.8%
NIFTY MIDCAP150 0.4% 1.4% 7.1%
NIFTY500 MULTICAP 50:25:25 -0.1% 2% 6.3%
NIFTY LARGE MIDCAP 250 -0.3% 1.7% 7.3%
NIFTY 500 -0.6% 1.9% 7.1%

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FAQ about THERMAX


Is THERMAX good for long term investment?

As on Dec 08,2022, the Fundamentals of THERMAX look Average and hence you may wait for the results to improve to invest for long term ! See Financial Performance of THERMAX . Please look at the other parameters such as Valuation, Price Momentum, News & Corporate Governance and/or consult an Investment Advisor before taking an investment decision!

Is THERMAX UnderValued or OverValued?

As on Dec 08,2022, THERMAX is Over Valued based on the estimates of intrinsic value and hence may not be a good buying opportunity according to Share Valuation at this time!

What is the Intrinsic Value of THERMAX ?

As on Dec 08,2022, the Intrinsic Value of THERMAX is Rs. 1,099.71 estimated based on Median of the 3 historical models.
Fair Value [Median EV / EBIDTA Model] : Rs. 835.59
Fair Value [Median EV / Sales Model] : Rs. 1,295.44
Fair Value [Median Price / Sales Model] : Rs. 1,099.71
Estimated Median Fair Value of THERMAX : Rs. 1,099.71

The fair value of any stock is always subjective and should, in no way, be taken as a recommendation to buy/sell the same.

Is THERMAX trading at a Premium or Discount?

As on Dec 08,2022, THERMAX is trading at a Premium of 88% based on the estimates of Median Intrinsic Value!

SEBI Research Analyst
The Founder of this website, Mr. Rohit Katiyar is registered with SEBI as a Research Analyst [INH000007377].