Nifty
Sensex
:
:
22194.20
73095.22
72.15 (0.33%)
305.09 (0.42%)

Engineering - Industrial Equipments

Rating :
67/99

BSE: 500411 | NSE: THERMAX

3728.15
26-Feb-2024
  • Open
  • High
  • Low
  • Previous Close
  •  3754.85
  •  3894.95
  •  3701.10
  •  3739.85
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  144804
  •  5517.85
  •  3894.95
  •  2102.20

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 44,413.72
  • 72.70
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 44,471.64
  • 0.27%
  • 10.51

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 61.98%
  • 0.31%
  • 3.83%
  • FII
  • DII
  • Others
  • 12.01%
  • 15.71%
  • 6.16%

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
  • 60.58
  • 66.82
  • 72.74

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.23
  • 5.65
  • 6.96

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 27.71
  • 31.57
  • 38.43

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 23
Dec 22
Var%
Sep 23
Sep 22
Var%
Jun 23
Jun 22
Var%
Mar 23
Mar 22
Var%
Net Sales
2,324.36
2,049.25
13.42%
2,302.46
2,075.26
10.95%
1,932.96
1,654.48
16.83%
2,310.82
1,991.92
16.01%
Expenses
2,136.94
1,888.17
13.18%
2,097.84
1,934.71
8.43%
1,800.76
1,558.45
15.55%
2,110.92
1,856.70
13.69%
EBITDA
187.42
161.08
16.35%
204.62
140.55
45.59%
132.20
96.03
37.67%
199.90
135.22
47.83%
EBIDTM
8.06%
7.86%
8.89%
6.77%
6.84%
5.80%
8.65%
6.79%
Other Income
58.40
42.32
38.00%
65.86
39.83
65.35%
53.06
20.54
158.33%
57.49
35.70
61.04%
Interest
26.61
9.12
191.78%
19.80
7.98
148.12%
13.37
6.57
103.50%
13.92
10.08
38.10%
Depreciation
35.84
29.07
23.29%
32.96
29.80
10.60%
29.40
28.55
2.98%
29.44
29.46
-0.07%
PBT
309.49
165.21
87.33%
217.72
142.60
52.68%
91.86
81.45
12.78%
214.03
131.38
62.91%
Tax
72.10
38.55
87.03%
58.87
33.24
77.11%
31.52
22.43
40.53%
58.14
28.97
100.69%
PAT
237.39
126.66
87.42%
158.85
109.36
45.25%
60.34
59.02
2.24%
155.89
102.41
52.22%
PATM
10.21%
6.18%
6.90%
5.27%
3.12%
3.57%
6.75%
5.14%
EPS
21.17
11.21
88.85%
14.01
9.69
44.58%
5.23
5.24
-0.19%
13.85
9.11
52.03%

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
8,870.60
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
14.15%
32.01%
27.91%
-16.65%
-3.78%
33.80%
-0.41%
-12.86%
-3.01%
4.01%
 
Cost Of Goods Sold
4,922.60
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
3,948.00
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
44.51%
42.83%
43.13%
47.02%
46.32%
44.15%
47.38%
49.49%
46.74%
45.97%
43.89%
Total Expenditure
8,146.46
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
724.14
597.56
404.32
355.19
400.69
457.44
400.94
432.99
415.98
461.41
448.53
EBITDA Margin
8.16%
7.39%
6.60%
7.41%
6.97%
7.66%
8.98%
9.66%
8.09%
8.70%
8.79%
Other Income
234.81
160.18
144.06
107.74
105.49
149.88
116.39
114.05
122.41
123.04
71.57
Interest
73.70
37.59
25.17
20.64
15.02
14.32
12.85
9.71
12.19
81.95
38.61
Depreciation
127.64
116.86
113.24
114.57
116.63
92.02
82.44
81.90
59.10
134.12
92.15
PBT
833.10
603.29
409.97
327.72
374.53
500.98
422.04
455.43
467.10
368.38
389.34
Tax
220.63
152.36
97.79
68.61
162.08
84.94
165.75
155.99
143.94
170.83
169.59
Tax Rate
26.48%
25.25%
23.85%
24.93%
43.28%
20.64%
39.27%
35.65%
30.82%
53.56%
43.56%
PAT
612.47
450.29
312.31
206.58
212.45
326.50
257.30
288.47
323.16
209.77
245.99
PAT before Minority Interest
611.59
450.70
312.31
206.58
212.45
326.50
256.29
281.60
323.16
148.13
219.75
Minority Interest
-0.88
-0.41
0.00
0.00
0.00
0.00
1.01
6.87
0.00
61.64
26.24
PAT Margin
6.90%
5.57%
5.10%
4.31%
3.70%
5.47%
5.76%
6.43%
6.28%
3.95%
4.82%
PAT Growth
54.10%
44.18%
51.18%
-2.76%
-34.93%
26.89%
-10.81%
-10.73%
54.05%
-14.72%
 
EPS
51.38
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 inks pact with Flowtech to manufacture Poly Carboxylate Ether products
    21st Feb 2024, 10:44 AM

    The lock in period of the agreement is 4 years

    Read More
  • Thermax gets nod for additional capex of Rs 45 crore
    8th Feb 2024, 14:25 PM

    The Board at its meeting held on February 8, 2024 has approved the same

    Read More
  • Thermax sells industrial plot for Rs 135.66 crore in Pune
    29th Dec 2023, 12:48 PM

    The transaction does not fall under the ambit of Related Party Transactions

    Read More
  • Thermax infuses Rs 29.17 crore in Thermax Engineering Singapore Pte
    14th Dec 2023, 11:58 AM

    The additional equity investment is being made for operational purpose

    Read More
  • Thermax secures orders worth over Rs 500 crore to set up 5 bio-CNG plants
    13th Dec 2023, 12:30 PM

    These plants will be set up in the states of Rajasthan, Madhya Pradesh, Maharashtra (2) and Uttar Pradesh

    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.