ScoreWhy is Thermax Ltd. ?
1
Negative results in Sep 25
- PBT LESS OI(Q) At Rs 88.26 cr has Fallen at -57.25%
- PAT(Q) At Rs 119.66 cr has Fallen at -39.3%
- ROCE(HY) Lowest at 14.05%
2
With ROE of 11.8, it has a Expensive valuation with a 6.8 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -39.32%, its profits have fallen by -7.9%
3
Below par performance in long term as well as near term
- Along with generating -39.32% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Heavy Electrical Equipment)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Thermax for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Thermax
-17.57%
-1.08
36.55%
Sensex
8.49%
0.44
11.83%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
17.63%
EBIT Growth (5y)
41.19%
EBIT to Interest (avg)
10.15
Debt to EBITDA (avg)
1.36
Net Debt to Equity (avg)
-0.14
Sales to Capital Employed (avg)
1.60
Tax Ratio
29.92%
Dividend Payout Ratio
24.86%
Pledged Shares
0
Institutional Holding
27.19%
ROCE (avg)
18.80%
ROE (avg)
11.85%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
55
Industry P/E
30
Price to Book Value
6.95
EV to EBIT
45.73
EV to EBITDA
36.17
EV to Capital Employed
7.94
EV to Sales
3.33
PEG Ratio
16.06
Dividend Yield
0.47%
ROCE (Latest)
16.25%
ROE (Latest)
11.75%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
Bullish
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend5What is working for the Company
PAT(Q)
At Rs 162.46 cr has Grown at 40.2%
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 1,293.90 cr
DEBTORS TURNOVER RATIO(HY)
Highest at 4.71 times
PBT LESS OI(Q)
At Rs 167.19 cr has Grown at 34.01%
-6What is not working for the Company
ROCE(HY)
Lowest at 14.05%
DEBT-EQUITY RATIO(HY)
Highest at 0.36 times
Loading Valuation Snapshot...
Here's what is working for Thermax
Profit After Tax (PAT) - Quarterly
At Rs 162.46 cr has Grown at 40.2%
Year on Year (YoY)MOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 167.19 cr has Grown at 34.01%
Year on Year (YoY)MOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Cash and Cash Equivalents - Half Yearly
Highest at Rs 1,293.90 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debtors Turnover Ratio- Half Yearly
Highest at 4.71 times
in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Here's what is not working for Thermax
Debt-Equity Ratio - Half Yearly
Highest at 0.36 times and Grown
each half year in the last five half yearly periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
