Overall Fundamental outlook

Business Operations:

Sector: Industrials
Industry: Conglomerates

Thermax Limited provides energy, environment, and chemical solutions in India and internationally. It operates through Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The company offers vapour absorption and hybrid chillers, triple effect chillers, chiller-heaters, heat pumps, heat pump chillers, and heat transformers; evaporative condensers, closed loop cooling towers, adiabatic and dry coolers, and air-cooled heat exchangers; industrial refrigeration; and renewable energy solutions. It also provides biomass fired, fixed plate, spent wash fired, waste to energy, oil and gas fired, lean gas fired, waste heat recovery, and steam boilers; waste heat recovery units; fired heaters and process furnaces; thermic fluid, hot air, and hot water heaters; and waste heat recovery. In addition, the company offers air pollution control, and water and waste solutions; chemicals, such as ion exchange resins, performance, construction, water treatment, oil field, and paper chemicals; and steam engineering solutions. Further, it operates cogeneration, waste heat recovery power, captive power, and independent power plants, as well as offers operation and maintenance services. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tyre industries. The company was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

Revenue projections:

Revenue projections for THERMAX
Revenue projections for THERMAX

THERMAX's revenue is projected to decrease from last year, a development that could lead investors to adopt a more cautious approach. A revenue decline can negatively affect profitability, signaling challenges for the company and making it less attractive for those seeking solid financial performance.

Financial Ratios:

currentRatio 0.00000
forwardPE 40.98815
debtToEquity 34.75200
earningsGrowth 0.31500
revenueGrowth -0.01600
grossMargins 0.45482
operatingMargins 0.08196
trailingEps 59.40000
forwardEps 80.38000

THERMAX's forward EPS being higher than its trailing EPS signals anticipated growth in profitability for the current financial year. This suggests that THERMAX is on track to improve its earnings, outpacing the previous year's performance and reflecting positive market expectations.

Price projections:

Price projections for THERMAX
Price projections for THERMAX

Over time, price projections for THERMAX have gradually risen, signaling growing optimism about the company's future. This upward revision reflects increasing confidence in THERMAX's ability to achieve strong financial results.

Recommendation changes over time:

Recommendations trend for THERMAX
Recommendations trend for THERMAX


Analysts' buy bias for Thermax Limited signals that the stock is considered a favorable investment. This outlook might prompt investors to allocate funds to Thermax Limited, seeing it as a solid and profitable choice to park their money and potentially benefit from the company's long-term growth.