Thermax Limited up by 19.19% - Traders Corners | Espresso


Espresso shot of the day – Thermax Ltd up by 19.19 percent

February 04, 2021
Espresso shot of the day – Thermax Ltd up by 19.19 percent

THERMAX LTD 1210.30 (+19.19%)  BSE –INE152A01029 | 4th FEB 2021

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Thermax Group is an INR 5,831 crores (822 Million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power generation, turnkey power plants, industrial and municipal wastewater treatment plants, waste heat recovery systems and air pollution control projects. The group consists of 7 wholly owned domestic subsidiaries and 21 wholly owned overseas subsidiaries.

Recent Drivers

  • In Q3 FY21, Thermax Limited reported flat consolidated revenues at Rs 1,411 crores EBITDA earnings (before interest, taxes, depreciation, and amortisation) came in at Rs 147.6 crores, up 30.4% year on year (YoY).
  • Cost control measures have improved the profit before tax by 34% to Rs 141 crores from Rs 105 crores in Q3 FY20.
  • As on December 31, 2020, Thermax Group had an order balance of Rs 5,208 crore against Rs 5,439 crore a year ago, down 4 per cent.
  • Thermax Onsite Energy Solutions Limited, a wholly owned subsidiary of Thermax Limited has incorporated its subsidiary by the name of Enernxt Private Limited on 5January, 2021 which supplies outsourced utilities such as steam, heat, chilled water, solar power, etc. on a pay-as-per-consumption basis under its Build-Own-Operate (BOO) business model.
  • The company increased its stake in First Energy Pvt. to 100 % from 76% by acquiring the remaining stake. With this, First Energy becomes a wholly-owned subsidiary of the company.
  • Thermax Limited has launched ‘atoM’, a completely modularised and ultra-compact sewage recycle system to treat sewage water efficiently in confined spaces. The product is suitable for commercial and residential segments, given its contemporary aesthetics, sleek design and easy installation, operation & maintenance features.
  • Thermax Limited is betting on technology to provide solutions to problems arising from urbanization, such as air and water pollution. The company sees coal continuing to be used as a fuel in some countries and is offering solutions to reduce its environmental harm.
( Sources:  BSE, Business Standard, Financial Express, Economic Times )

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 8.65%
  • Traded on new 52- week high value 1218.50
  • Touched upper circuit today 1218.50
  • Spurt in volume by more than 37.04 times compares to previous vol. 3 month avg qty - 4905
  • Stock price has jumped more than 25% in three month low level – 745.7, 04 November, 20
  • Daily RSI (14) is in overbought territory today
  • 52- week high – 1218.50 | 52- week low – 644.00

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Some Key Ratios (Source: BSE)

Market Cap: 14421.49 crores

PE: 207.71

OPM%: 3.50

ROE%: 2.51

Prev. Close: 1015.45

* Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.