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  • Thermax: Stock valuation warrants caution in the near term

    Thermax: Stock valuation warrants caution in the near term

    With strong traction in areas like air pollution control, wastewater management, and zero-liquid discharge, the company is expecting its industrial products to perform well in the second half of FY25

  • Thermax: Stock running ahead of its earnings growth

    Thermax: Stock running ahead of its earnings growth

    The company will have to wait a little for its new initiatives to yield results

  • Thermax Q1 PAT seen up 59.3% YoY to Rs 148.4 cr: Motilal Oswal

    Thermax Q1 PAT seen up 59.3% YoY to Rs 148.4 cr: Motilal Oswal

    Net Sales are expected to increase by 13.9 percent Y-o-Y (down 20.4 percent Q-o-Q) to Rs 2,201 crore, according to Motilal Oswal.

  • Thermax: Valuation captures business improvement

    Thermax: Valuation captures business improvement

    The company continues to see good traction in execution and margins. Also, orders in hand are good

  • Thermax Q1 PAT seen up 49% YoY to Rs. 87.8 cr: Nirmal Bang

    Thermax Q1 PAT seen up 49% YoY to Rs. 87.8 cr: Nirmal Bang

    Net Sales are expected to increase by 15 percent Y-o-Y (down 17.7 percent Q-o-Q) to Rs. 1,902.7 crore, according to Nirmal Bang.

  • Thermax: Higher execution supporting growth

    Thermax: Higher execution supporting growth

    High valuations could be a dampener in the near term for Thermax

  • Thermax Q2 PAT may dip 1% YoY to Rs. 87 cr: Yes Securities

    Thermax Q2 PAT may dip 1% YoY to Rs. 87 cr: Yes Securities

    Net Sales are expected to increase by 19.7 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs. 1,759 crore, according to Yes Securities.

  • Thermax: Valuations way ahead of expectations

    Thermax: Valuations way ahead of expectations

    High valuations could limit stock price returns in the short to medium term

  • Thermax: Domestic recovery to aid growth, but valuation factors in near-term growth

    Thermax: Domestic recovery to aid growth, but valuation factors in near-term growth

    Recent outperformace in Thermax could limit near term upside

  • Thermax Q4 PAT seen up 69% YoY to Rs 65.9 cr: YES Securities

    Thermax Q4 PAT seen up 69% YoY to Rs 65.9 cr: YES Securities

    Net Sales are expected to increase by 4.9 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs 1,387.7 crore, according to YES Securities.

  • Thermax: Recovering, but at a slower pace

    Thermax: Recovering, but at a slower pace

    High valuation and slow growth in earnings could keep Thermax stock under pressure

  • Thermax Q3 PAT may dip 22.1% YoY to Rs. 66.2 cr: Yash Securities

    Thermax Q3 PAT may dip 22.1% YoY to Rs. 66.2 cr: Yash Securities

    Net Sales are expected to decrease by 6.9 percent Y-o-Y (up 15 percent Q-o-Q) to Rs. 1,312.2 crore, according to Yash Securities.

  • Thermax Q2 PAT seen up 19% YoY to Rs. 89 cr: Sharekhan

    Thermax Q2 PAT seen up 19% YoY to Rs. 89 cr: Sharekhan

    Net Sales are expected to increase by 3.2 percent Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 1,473 crore, according to Sharekhan.

  • Thermax Q2 PAT seen up 24.8% YoY to Rs. 86.5 cr: ICICI Direct

    Thermax Q2 PAT seen up 24.8% YoY to Rs. 86.5 cr: ICICI Direct

    Net Sales are expected to increase by 20.4 percent Y-o-Y (up 22.5 percent Q-o-Q) to Rs. 1,430.4 crore, according to ICICI Direct.

  • Thermax Q1 PAT seen up 41.6% YoY to Rs. 69.3 cr: Kotak

    Thermax Q1 PAT seen up 41.6% YoY to Rs. 69.3 cr: Kotak

    Net Sales are expected to increase by 19.5 percent Y-o-Y (down 40.3 percent Q-o-Q) to Rs. 1,237.3 crore, according to Kotak.

  • Thermax gains 1% as Q4 profit beats estimates; brokerages offer mixed outlook

    Thermax gains 1% as Q4 profit beats estimates; brokerages offer mixed outlook

    Brokerages turned mixed in their opinion after March quarter earnings and expect 3-20 percent potential upside in stock price.

  • Thermax Q4 PAT seen up 20.3% YoY to Rs. 121.1 cr: ICICI Direct

    Thermax Q4 PAT seen up 20.3% YoY to Rs. 121.1 cr: ICICI Direct

    Net Sales are expected to increase by 20 percent Y-o-Y (up 26 percent Q-o-Q) to Rs. 1,572.2 crore, according to ICICI Direct.

  • Thermax Q4 PAT seen up 15.8% YoY to Rs. 87.7 cr: Prabhudas Lilladher

    Thermax Q4 PAT seen up 15.8% YoY to Rs. 87.7 cr: Prabhudas Lilladher

    Net Sales are expected to increase by 15.1 percent Y-o-Y (up 15.6 percent Q-o-Q) to Rs. 1,660.7 crore, according to Prabhudas Lilladher.

  • Engg & Capital Goods Q4 preview: PAT growth to be mixed on sluggish order inflows

    Engg & Capital Goods Q4 preview: PAT growth to be mixed on sluggish order inflows

    The capital goods companies (excluding L&T) have announced orders worth Rs 14,500 crore for Q4FY19, down 55 percent YoY

  • Thermax Q3 PAT seen up 20.8% YoY to Rs. 76.4 cr: ICICI Direct

    Thermax Q3 PAT seen up 20.8% YoY to Rs. 76.4 cr: ICICI Direct

    Net Sales are expected to increase by 18.6 percent Y-o-Y (down 2.1 percent Q-o-Q) to Rs. 1,162.9 crore, according to ICICI Direct.

  • Ideas for Profit: Post Q2 results, here are 3 engineering stocks to look at

    Ideas for Profit: Post Q2 results, here are 3 engineering stocks to look at

    On an aggregate basis, 10 companies that we have covered in this study have delivered 20 percent revenue growth as they benefitted from improved execution.

  • Thermax Q1 PAT seen up 75.7% YoY to Rs. 57 cr: ICICI

    Thermax Q1 PAT seen up 75.7% YoY to Rs. 57 cr: ICICI

    Net Sales are expected to increase by 20 percent Y-o-Y (down 34.7 percent Q-o-Q) to Rs. 855.9 crore, according to ICICI.

  • Thermax: Subdued quarter with healthy order booking; Buy on dips

    Thermax: Subdued quarter with healthy order booking; Buy on dips

    While the management alluded to much better visibility in coming years, valuation at 31 times FY20e earnings limits near-term upside.

  • Thermax Q4 PAT seen up 14.7% YoY to Rs. 133.3 cr: Edelweiss

    Thermax Q4 PAT seen up 14.7% YoY to Rs. 133.3 cr: Edelweiss

    Net Sales are expected to increase by 18 percent Y-o-Y (up 61.6 percent Q-o-Q) to Rs. 1,584.6 crore, according to Edelweiss.

  • Thermax – are the green shoots in the price?

    Thermax – are the green shoots in the price?

    The company’s overall December quarter performance was uninspiring, but the order inflows give reason for hope.

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