Nifty
Sensex
:
:
23501.10
77209.90
-65.90 (-0.28%)
-269.03 (-0.35%)

Engineering - Industrial Equipments

Rating :
72/99

BSE: 500411 | NSE: THERMAX

5038.55
21-Jun-2024
  • Open
  • High
  • Low
  • Previous Close
  •  5130.00
  •  5179.00
  •  5011.10
  •  5140.15
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  279015
  •  14073.22
  •  5699.95
  •  2191.85

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 60,056.56
  • 93.07
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 60,337.19
  • 0.24%
  • 13.52

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 61.98%
  • 0.25%
  • 3.71%
  • FII
  • DII
  • Others
  • 12.24%
  • 15.69%
  • 6.13%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 4.72
  • 6.25
  • 19.08

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 2.91
  • 5.49
  • 10.96

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 6.23
  • 6.64
  • 29.66

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 62.89
  • 68.50
  • 72.06

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.57
  • 6.17
  • 7.71

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 29.27
  • 33.66
  • 39.85

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Var%
Dec 23
Dec 22
Var%
Sep 23
Sep 22
Var%
Jun 23
Jun 22
Var%
Net Sales
2,763.68
2,310.82
19.60%
2,324.36
2,049.25
13.42%
2,302.46
2,075.26
10.95%
1,932.96
1,654.48
16.83%
Expenses
2,490.53
2,110.92
17.98%
2,136.94
1,888.17
13.18%
2,097.84
1,934.71
8.43%
1,800.76
1,558.45
15.55%
EBITDA
273.15
199.90
36.64%
187.42
161.08
16.35%
204.62
140.55
45.59%
132.20
96.03
37.67%
EBIDTM
9.88%
8.65%
8.06%
7.86%
8.89%
6.77%
6.84%
5.80%
Other Income
55.25
57.49
-3.90%
58.40
42.32
38.00%
65.86
39.83
65.35%
53.06
20.54
158.33%
Interest
27.81
13.92
99.78%
26.61
9.12
191.78%
19.80
7.98
148.12%
13.37
6.57
103.50%
Depreciation
49.88
29.44
69.43%
35.84
29.07
23.29%
32.96
29.80
10.60%
29.40
28.55
2.98%
PBT
250.71
214.03
17.14%
309.49
165.21
87.33%
217.72
142.60
52.68%
91.86
81.45
12.78%
Tax
63.28
58.14
8.84%
72.10
38.55
87.03%
58.87
33.24
77.11%
31.52
22.43
40.53%
PAT
187.43
155.89
20.23%
237.39
126.66
87.42%
158.85
109.36
45.25%
60.34
59.02
2.24%
PATM
6.78%
6.75%
10.21%
6.18%
6.90%
5.27%
3.12%
3.57%
EPS
16.90
13.85
22.02%
21.17
11.21
88.85%
14.01
9.69
44.58%
5.23
5.24
-0.19%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Mar 14
Net Sales
9,323.46
8,089.81
6,128.33
4,791.25
5,748.25
5,974.10
4,464.88
4,483.08
5,144.96
5,304.41
5,099.88
Net Sales Growth
15.25%
32.01%
27.91%
-16.65%
-3.78%
33.80%
-0.41%
-12.86%
-3.01%
4.01%
 
Cost Of Goods Sold
5,219.56
4,624.68
3,485.04
2,538.63
3,085.69
3,336.66
2,349.34
2,264.32
2,740.36
2,865.83
2,861.64
Gross Profit
4,103.90
3,465.13
2,643.29
2,252.62
2,662.56
2,637.44
2,115.54
2,218.76
2,404.60
2,438.58
2,238.24
GP Margin
44.02%
42.83%
43.13%
47.02%
46.32%
44.15%
47.38%
49.49%
46.74%
45.97%
43.89%
Total Expenditure
8,526.07
7,492.25
5,724.01
4,436.06
5,347.56
5,516.66
4,063.94
4,050.09
4,728.98
4,843.00
4,651.35
Power & Fuel Cost
-
61.96
52.31
38.59
44.36
51.02
40.11
33.34
32.46
38.59
39.24
% Of Sales
-
0.77%
0.85%
0.81%
0.77%
0.85%
0.90%
0.74%
0.63%
0.73%
0.77%
Employee Cost
-
954.17
812.93
758.76
799.02
767.45
680.50
686.40
659.74
706.13
701.86
% Of Sales
-
11.79%
13.27%
15.84%
13.90%
12.85%
15.24%
15.31%
12.82%
13.31%
13.76%
Manufacturing Exp.
-
1,197.76
848.77
684.36
799.20
822.71
557.61
615.02
767.78
701.54
558.94
% Of Sales
-
14.81%
13.85%
14.28%
13.90%
13.77%
12.49%
13.72%
14.92%
13.23%
10.96%
General & Admin Exp.
-
279.60
215.82
157.66
236.60
221.01
189.71
182.59
186.46
209.14
170.64
% Of Sales
-
3.46%
3.52%
3.29%
4.12%
3.70%
4.25%
4.07%
3.62%
3.94%
3.35%
Selling & Distn. Exp.
-
273.70
247.30
185.79
255.27
189.01
153.02
142.36
142.10
187.02
176.28
% Of Sales
-
3.38%
4.04%
3.88%
4.44%
3.16%
3.43%
3.18%
2.76%
3.53%
3.46%
Miscellaneous Exp.
-
100.38
61.84
72.27
127.42
128.80
93.65
126.06
200.08
134.75
176.28
% Of Sales
-
1.24%
1.01%
1.51%
2.22%
2.16%
2.10%
2.81%
3.89%
2.54%
2.80%
EBITDA
797.39
597.56
404.32
355.19
400.69
457.44
400.94
432.99
415.98
461.41
448.53
EBITDA Margin
8.55%
7.39%
6.60%
7.41%
6.97%
7.66%
8.98%
9.66%
8.09%
8.70%
8.79%
Other Income
232.57
160.18
144.06
107.74
105.49
149.88
116.39
114.05
122.41
123.04
71.57
Interest
87.59
37.59
25.17
20.64
15.02
14.32
12.85
9.71
12.19
81.95
38.61
Depreciation
148.08
116.86
113.24
114.57
116.63
92.02
82.44
81.90
59.10
134.12
92.15
PBT
869.78
603.29
409.97
327.72
374.53
500.98
422.04
455.43
467.10
368.38
389.34
Tax
225.77
152.36
97.79
68.61
162.08
84.94
165.75
155.99
143.94
170.83
169.59
Tax Rate
25.96%
25.25%
23.85%
24.93%
43.28%
20.64%
39.27%
35.65%
30.82%
53.56%
43.56%
PAT
644.01
450.29
312.31
206.58
212.45
326.50
257.30
288.47
323.16
209.77
245.99
PAT before Minority Interest
646.10
450.70
312.31
206.58
212.45
326.50
256.29
281.60
323.16
148.13
219.75
Minority Interest
2.09
-0.41
0.00
0.00
0.00
0.00
1.01
6.87
0.00
61.64
26.24
PAT Margin
6.91%
5.57%
5.10%
4.31%
3.70%
5.47%
5.76%
6.43%
6.28%
3.95%
4.82%
PAT Growth
42.82%
44.18%
51.18%
-2.76%
-34.93%
26.89%
-10.81%
-10.73%
54.05%
-14.72%
 
EPS
54.03
37.78
26.20
17.33
17.82
27.39
21.59
24.20
27.11
17.60
20.64

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Mar 14
Shareholder's Funds
3,868.07
3,492.49
3,251.39
3,027.90
3,014.29
2,714.74
2,537.62
2,416.16
2,146.41
2,038.30
Share Capital
22.52
22.52
22.52
22.52
22.52
22.52
22.52
22.52
23.83
23.83
Total Reserves
3,843.03
3,469.97
3,228.87
3,005.38
2,991.77
2,692.22
2,515.10
2,393.64
2,122.58
2,014.47
Non-Current Liabilities
450.58
80.34
23.79
-14.21
-90.08
43.37
40.89
29.17
580.24
764.80
Secured Loans
422.52
61.42
22.16
33.39
35.07
53.01
46.02
33.06
493.70
516.15
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1.17
0.54
0.50
Long Term Provisions
38.40
32.41
25.86
20.97
16.06
10.01
10.16
5.57
8.85
2.46
Current Liabilities
4,409.19
3,758.07
3,070.65
2,786.84
3,653.81
3,078.74
2,365.23
2,615.29
3,274.14
2,999.36
Trade Payables
1,497.86
1,459.76
1,138.01
960.24
1,370.65
1,038.60
1,004.19
947.61
1,062.70
931.89
Other Current Liabilities
2,319.87
1,791.87
1,429.49
1,467.76
1,942.04
1,688.49
1,109.16
1,334.14
1,716.43
1,581.08
Short Term Borrowings
363.31
276.25
282.90
178.15
185.00
164.24
85.27
137.94
127.47
222.06
Short Term Provisions
228.15
230.19
220.25
180.69
156.12
187.41
166.61
195.60
367.54
264.33
Total Liabilities
8,729.99
7,330.90
6,345.83
5,800.53
6,578.02
5,836.85
4,945.13
5,060.62
6,078.80
5,942.11
Net Block
1,248.17
1,194.74
1,242.04
1,282.98
1,311.86
972.68
810.73
827.31
1,431.41
1,526.54
Gross Block
2,469.47
2,351.78
2,328.06
2,255.44
2,236.29
1,741.27
1,515.42
1,437.85
2,051.24
2,044.88
Accumulated Depreciation
1,221.30
1,157.04
1,086.02
972.46
924.43
768.59
704.69
610.54
619.83
518.34
Non Current Assets
2,649.83
2,593.11
1,879.37
1,823.25
1,840.90
1,735.29
1,647.77
1,450.62
1,893.53
1,816.65
Capital Work in Progress
433.77
44.32
24.16
56.00
40.12
103.37
141.30
60.01
42.92
53.70
Non Current Investment
233.21
709.99
119.21
59.13
54.28
254.65
283.97
184.65
0.10
0.03
Long Term Loans & Adv.
544.84
475.37
373.36
326.55
291.93
320.72
329.11
212.53
286.49
145.89
Other Non Current Assets
189.84
168.69
120.60
98.59
142.71
83.87
82.66
166.12
132.61
90.49
Current Assets
6,072.26
4,737.79
4,466.46
3,977.28
4,737.12
4,101.56
3,297.36
3,610.00
4,185.27
4,125.46
Current Investments
1,392.87
766.54
115.25
816.07
775.06
1,217.08
799.07
865.16
821.66
707.86
Inventories
755.63
727.01
404.74
454.56
508.62
366.62
283.25
290.32
430.97
415.77
Sundry Debtors
1,762.06
1,423.72
1,237.10
1,386.33
1,378.13
1,243.21
1,034.24
1,334.09
1,775.74
1,468.49
Cash & Bank
1,131.58
953.50
1,939.20
481.49
369.06
293.99
220.99
297.64
384.36
450.84
Other Current Assets
1,030.12
139.75
122.01
120.33
1,706.25
980.66
959.81
822.79
772.54
1,082.50
Short Term Loans & Adv.
927.71
727.27
648.16
718.50
445.58
334.89
256.09
214.17
217.78
363.32
Net Current Assets
1,663.07
979.72
1,395.81
1,190.44
1,083.31
1,022.82
932.13
994.71
911.13
1,126.10
Total Assets
8,722.09
7,330.90
6,345.83
5,800.53
6,578.02
5,836.85
4,945.13
5,060.62
6,078.80
5,942.11

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Mar 14
Cash From Operating Activity
459.56
324.71
769.48
325.58
-115.42
533.59
334.58
252.58
310.75
321.30
PBT
603.29
409.97
275.19
374.53
411.44
422.04
437.59
467.10
318.96
389.34
Adjustment
70.31
18.28
114.66
60.48
108.65
13.84
81.50
94.22
179.90
90.60
Changes in Working Capital
-62.80
-0.54
473.43
21.83
-448.51
274.84
-26.69
-137.94
-48.08
43.61
Cash after chg. in Working capital
610.80
427.71
863.28
456.84
71.58
710.72
492.40
423.38
450.78
523.55
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-151.24
-103.00
-93.80
-131.26
-187.00
-177.13
-157.82
-170.80
-140.03
-202.25
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-679.68
-421.58
-635.68
-168.51
265.52
-531.09
-74.98
-145.79
79.62
-382.09
Net Fixed Assets
-30.79
-11.98
-40.74
-16.72
67.15
-132.17
-101.81
-39.31
-46.62
-67.22
Net Investments
-274.64
-1,092.14
506.39
14.90
371.40
-391.34
-26.21
-120.99
-161.74
-291.54
Others
-374.25
682.54
-1,101.33
-166.69
-173.03
-7.58
53.04
14.51
287.98
-23.33
Cash from Financing Activity
348.54
-20.58
77.24
-232.45
-65.37
-20.32
-125.58
-112.25
-351.23
190.51
Net Cash Inflow / Outflow
128.42
-117.45
211.04
-75.38
84.73
-17.82
134.02
-5.46
39.14
129.72
Opening Cash & Equivalents
303.44
418.81
199.00
245.89
160.70
153.98
44.31
31.09
77.05
321.12
Closing Cash & Equivalent
447.73
303.44
418.81
199.00
245.89
160.70
153.98
44.31
116.19
450.84

Financial Ratios

Consolidated /

Standalone
Description
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Mar 14
Book Value (Rs.)
343.30
310.17
288.76
268.91
267.70
241.10
225.37
214.58
180.14
171.07
ROA
5.61%
4.57%
3.40%
3.43%
5.26%
4.75%
5.63%
5.80%
2.46%
4.02%
ROE
12.25%
9.26%
6.58%
7.03%
11.40%
9.76%
11.37%
14.17%
7.08%
11.25%
ROCE
15.03%
11.74%
8.67%
11.96%
13.73%
15.47%
16.93%
17.60%
14.23%
16.81%
Fixed Asset Turnover
3.36
2.62
2.09
2.56
3.00
2.75
3.11
3.02
2.66
3.11
Receivable days
71.87
79.24
99.93
87.77
80.08
92.66
94.17
107.78
108.48
105.80
Inventory Days
33.45
33.70
32.73
30.58
26.74
26.44
22.81
25.00
28.31
25.96
Payable days
116.71
136.04
150.84
83.20
83.40
96.25
93.25
83.04
76.38
73.56
Cash Conversion Cycle
-11.40
-23.09
-18.18
35.15
23.41
22.85
23.73
49.74
60.41
58.20
Total Debt/Equity
0.21
0.10
0.10
0.08
0.08
0.09
0.05
0.08
0.32
0.37
Interest Cover
17.04
17.29
14.33
25.94
29.73
33.84
46.07
39.32
4.89
11.08

News Update:


  • Thermax - Quarterly Results
    10th May 2024, 17:51 PM

    Read More
  • Thermax opens new manufacturing facility for water, wastewater solutions in Pune
    15th Apr 2024, 14:42 PM

    This marks a significant step aligned with Thermax's broader mission of conserving resources and preserving the future

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.