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Thermax Ltd.

The current prices were last updated on 05 Feb.

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Thermax Ltd.

₹3,345.05

+215.15 (6.87%)

Sector:

Capital Goods

Industry:

Engineering - Industrial Equipments

Capital Goods

Engineering - Industrial Equipments

NSE

BSE

The current prices were last updated on 05 Feb

Price

0.89%

-7.91%

-20.30%

-32.45%

-31.73%

7.75%

63.97%

220.44%

Max

228.88%

-7.91%

-20.30%

7.75%

63.97%

220.44%

Max

228.88%

Overview

Financials

Ratios

Shareholdings

FAQs

Thermax Overview

3,325.00

Today's Low

3,500.00

Today's High

3,456.00

Open

3,542.05

Prev. Close

3,151.05

52W Low

5,839.95

52W High

P/E

73.21

Sector P/E

28.33

P/B

10.65

Sector P/B

3.18

Adj EPS

57.31

BVPS

393.77

OPM(%)

8.54

NPM(%)

6.90

ROE(%)

15.50

ROCE(%)

18.44

D/E

0.28

Div. Yld(%)

0.29

Thermax Historical Returns

1 Week

-7.91 %

1 Month

-20.30 %

3 Month

-32.45 %

6 Month

-31.73 %

1 Year

7.75 %

3 Year

63.97 %

5 Year

220.44 %

Max

228.88 %

Thermax Financials

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

*All values are in Rs. Cr

Consolidated

Name	Dec 2024	Sep 2024	Jun 2024	Mar 2024
Net Sales	2,507.76	2,611.59	2,184.41	2,763.68
Sales	2,507.76	2,611.59	2,184.41	2,763.68
Less: Excise Duty	0	0	0	0
Operating Expenses	2,318.77	2,333.62	2,043.26	2,490.53
Raw Material Cost	1,342.29	1,395.91	1,154.03	1,531.91
Power cost	0	0	0	0
Employee Cost	322.68	322.90	291.34	316.24
Other Expenses	653.80	614.81	597.89	642.38
Increase / Decrease In Stocks	3.38	0.95	37.35	-12.27
Purchase of Finished Goods	53.79	43.59	37.40	53.98
Manufacturing Expenses	596.63	570.27	523.14	600.67
General Administration Expenses	0	0	0	0
Selling & Distribution Expenses	0	0	0	0
Misc Expenses	0	0	0	0
Loss Foreign Exchange	0	0	0	0
Loss Foreign Exchange Loan	0	0	0	0
Expenses Capitalised	0	0	0	0
Operating Profit (Excluding OI)	188.99	277.97	141.15	273.15
Other Income	31.51	59.77	84.09	55.25
Other Income Normal	31.51	59.77	84.09	55.25
Exceptional Items	0	0	0	0
Operating Profit Margin	7.54	10.64	6.46	9.88
EBIDTA	220.50	337.74	225.24	328.40
Less: Interest	28.66	29.39	27.48	27.81
Less: Depreciation	35.07	42.07	36.03	49.88
Profit Before Tax	156.27	266.25	161.31	250.86
Less: Tax	42.54	68.25	51.89	63.28
Net Profit	113.73	198.00	109.42	187.58
Earnings Per Share	10.29	17.49	10.28	16.90
Net Profit Margin	4.54	7.58	5.01	6.79

Name	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Net Sales	9,323.46	8,089.81	6,128.33	4,791.25
Sales	9,323.46	8,089.81	6,128.33	4,791.25
Less: Excise Duty	-	-	-	-
Operating Expenses	8,527.70	7,492.25	5,724.01	4,436.06
Raw Material Cost	5,254.55	4,595.43	3,627.56	2,550.79
Power cost	57.28	61.96	52.31	38.59
Employee Cost	1,148.29	955.30	812.93	758.76
Other Expenses	2,102.57	1,850.31	1,373.73	1,100.08
Other Manufacturing Expenses	1,365.94	1,197.76	848.77	684.36
Selling and administrative expenses	326.82	278.47	215.82	157.66
Selling Expenses	291.03	273.70	247.30	185.79
Miscellaneous Expenses	118.78	100.38	61.84	72.27
Less: Expenses Capitalised	-	-	-	-
Operating Profit (Excluding OI)	795.76	597.56	404.32	355.19
Other Income	309.69	160.18	144.06	55.21
Other Income Normal	234.20	160.18	144.06	107.74
Exceptional Items	75.49	-	-	-52.53
Operating Profit Margin	8.54	7.39	6.60	7.41
EBIDTA	1,105.45	757.74	548.38	410.40
Interest	87.59	37.59	25.17	20.64
Depreciation	148.08	116.86	113.24	114.57
Profit Before Tax	868.96	603.06	410.10	275.19
Tax	225.77	152.36	97.79	68.61
Net Profit	643.19	450.70	312.31	206.58
Equity Dividend %	600.00	500.00	450.00	350.00
Earnings Per Share	57.31	39.99	27.74	18.35
Net Profit Margin	6.90	5.57	5.10	4.31

Name	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Equity And Liabilities	10,044.46	8,729.99	7,330.90	6,345.83
Shareholder's Funds	4,439.80	3,868.07	3,492.49	3,251.39
Share Capital	22.52	22.52	22.52	22.52
Share Warrants & Outstandings	5.97	2.52	0	0
Total Reserves	4,411.31	3,843.03	3,469.97	3,228.87
Reserve excluding Revaluation Reserve	4,411.31	3,843.03	3,469.97	3,228.87
Revaluation reserve	-	-	-	-
Non-Current Liabilities	879.31	450.58	80.34	23.79
Secured Loans	789.48	422.52	61.42	22.16
Unsecured Loans	-	-	-	-
Deferred Tax Assets / Liabilities	-96.27	-105.71	-127.12	-154.03
Other Long Term Liabilities	186.10	133.77	146.04	155.66
Rest of the Other Long Term Liabilities	95.52	64.62	65.99	96.86
Long Term Trade Payables	48.15	30.75	47.64	32.94
Long Term Provisions	42.43	38.40	32.41	25.86
Current Liabilities	4,725.35	4,409.19	3,758.07	3,070.65
Trade Payables	1,532.89	1,497.86	1,459.76	1,138.01
Other Current Liabilities	2,432.90	2,319.87	1,791.87	1,429.49
Short Term Borrowings	413.19	363.31	276.25	282.90
Short Term Provisions	346.37	228.15	230.19	220.25
Assets	10,044.46	8,729.99	7,330.90	6,345.83
Non-Current Assets	3,596.38	2,649.83	2,593.11	1,879.37
Net Block	1,906.12	1,248.17	1,194.74	1,242.04
Gross Block	3,228.38	2,469.47	2,351.78	2,328.06
Less: Accumulated Depreciation	1,309.45	1,221.30	1,157.04	1,086.02
Less: Impairment of Assets	12.81	-	-	-
Lease Adjustment	-	-	-	-
Capital Work in Progress	519.35	433.77	44.32	21.06
Other Non Current Assets	1,165.47	967.89	1,354.05	613.17
Long Term Investments	401.63	233.21	709.99	119.21
Long Term Loans & Advances	538.40	555.56	475.37	373.36
Other Non Current Assets	225.44	179.12	168.69	120.60
Current Assets	6,448.08	6,072.26	4,737.79	4,466.46
Inventories	764.90	755.63	727.01	404.74
Account Receivables	2,116.43	1,762.06	1,423.72	1,237.10
Cash and Bank	975.32	1,131.58	953.50	1,939.20
Other Current Assets	2,591.43	2,422.99	1,633.56	885.42
Current Investments	1,363.46	1,392.87	766.54	115.25
Other Current Assets	106.22	102.41	139.75	122.01
Short Term Loans and Advances	1,121.75	927.71	727.27	648.16
Book Value	393.77	343.30	310.17	288.76

Name	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Cash from Operating Activity	247.30	459.56	324.71	769.48
Profit Before Tax	869.78	603.29	409.97	275.19
Adjustments	39.80	70.31	18.28	114.66
OCF Before Working Capital	909.58	673.60	428.25	389.85
Working Capital Changes	-475.95	-62.80	-0.54	473.43
Taxes Paid	-186.33	-151.24	-103.00	-93.80
Cash from Investing Activity	-509.21	-679.68	-421.58	-635.68
Net Fixed Assets Purchased	-	-	-	-
Fixed Assets Purchased	-	-	-	-
Fixed Assets Sold	-	-	-	-
Investment Purchased	869.78	603.29	409.97	275.19
Investment Sold	-	-	-	-
Dividends Recieved	-	-	-	-
Interest Recieved	-	-	-	-
Subsidiary Investments	-	-	-	-
Cash from Financing Activity	285.40	348.54	-20.58	77.24
Proceeds From Shares	-	-	-	-
Net Long Term Borrowings	-	-	-	-
Proceeds From Borrowings	-	-	-	-
Repayment From Borrowings	-	-	-	-
Interest Paid	-	-	-	-
Dividend Paid	-	-	-	-
Net Cash Flow	23.49	128.42	-117.45	211.04
Opening Cash & Cash Equivalents	447.73	303.44	418.81	199.00
Effect of FX	-4.47	15.87	2.08	8.77
Closing Cash & Cash Equivalents	-	-	-	-
Free Cash Flow (est)	-	-	-	-
Net Capex (est)	-	-	-	-

*All values are in Rs. Cr

Thermax Financial Ratios

Valuations

Profitability

Efficiency

Leverage

Operational

Name	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Book Value Per Share	393.77	343.30	310.17	288.76	268.91
P/B	10.65	6.67	6.26	4.66	2.75
P/E	73.21	57.26	70.05	73.37	39.19
EV/EBIDTA	46.14	33.61	38.80	29.24	15.95
Market Cap/Sales	5.07	3.19	3.57	3.16	1.45

Name	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Net Profit Margin (%)	6.90	5.57	5.10	4.31	3.70
Gross Margin (%)	8.54	7.39	6.60	7.41	6.97
Operating Profit Margin (%)	8.54	7.39	6.60	7.41	6.97

Name	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
ROE (%)	15.50	12.25	9.26	6.58	7.03
ROCE (%)	18.44	15.03	11.74	8.67	11.96
ROA (%)	6.85	5.61	4.57	3.40	3.43
Capital Adequacy Ratio (%)	-	-	-	-	-

Name	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
D/E Ratio	0.28	0.21	0.10	0.10	0.08
Interest Coverage Ratio	10.92	17.04	17.29	14.33	25.94
Current Ratio	1.36	1.38	1.26	1.45	1.43

Name	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Cash Conversion Cycle (Days)	-0.29	-11.40	-23.09	-18.18	-19.51
Days Receivables (Days)	75.92	71.87	79.24	99.93	87.77
Inventory Days (Days)	29.76	33.45	33.70	32.73	30.58
Days Payables (Days)	105.97	116.71	136.04	150.84	137.86
Free Cash Flow to Share	-46.95	-14.16	30.30	63.16	26.90
Inventory Turnover Ratio	12.26	10.91	10.83	11.15	11.94
Asset Turnover Ratio	0.99	1.01	0.90	0.79	0.93

Thermax Shareholding Pattern

Summary

Promoter

FII

MF

Retail

Others

Thermax Shareholding Breakup

Name	Dec 2024	Sep 2024	Jun 2024	Mar 2024
Promoter	61.98%	61.98%	61.98%	61.98%
Indian Promoters	61.98	61.98	61.98	61.98
Foreign Promoters	-	-	-	-
FII	15.49%	15.38%	15.15%	12.24%
MF	11.87%	12.06%	12.06%	13.56%
Retail	3.67%	3.73%	3.78%	3.71%
Others	6.99%	6.85%	7.03%	8.51%

Thermax FAQs

What is the current share price of Thermax?

As of 05 Feb, the current share price of Thermax is ₹3345.05 per share.

What is the P/E ratio of Thermax?

The Price-to-Earnings (P/E) ratio of Thermax is 73.21. It is calculated based on its most recent quarterly earnings. The P/E ratio compares the company's current share price to its quarterly earnings per share (EPS), helping investors evaluate its market value relative to its earnings.

What is the EPS for Thermax?

As reported in the latest quarterly financial statements, the Earnings Per Share (EPS) for Thermax is ₹57.31. EPS is calculated by dividing the company's net income for the quarter by the number of outstanding shares, indicating how much profit is allocated to each share of stock during that period.

What is the ROE and ROCE of Thermax?

As per latest financial reports, Thermax has a Return on Equity (ROE) of 15.50% and a Return on Capital Employed (ROCE) of 18.44%. ROE measures the profitability relative to shareholders' equity, while ROCE assesses how efficiently the company utilizes its capital to generate profits.

What is the debt-to-equity ratio of Thermax?

The debt-to-equity ratio of Thermax is 0.28 according to its latest financial report. This ratio compares the company's total liabilities to its shareholder equity and is used to evaluate its financial leverage and risk level.

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