Current price is more than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Thermax advanced 2.51% to Rs 2050 after the company reported 59% YoY rise in consolidated net profit to Rs 126 crore on a 27% YoY increase in consolidated operating revenue to Rs 2,049 crore for the third quarter of FY 2022-23.

Thermax gains after Q3 PAT rises 59% YoY; order book at Rs 9,859 crore

Bharti Airtel: The telecom major’s consolidated net income surged 91.5% to Rs 1,588 crore on 19.9% increase in total revenues to Rs 35,804 crore in Q3 December 2022 over Q3 December 2021. On a consolidated basis, profit before tax jumped 67.6%

Bharti Airtel, Hero MotoCorp, Thermax, RVNL in focus

Thermax consolidated net profit rises 58.83% in the December 2022 quarter

Thermax Consolidated December 2022 Net Sales at Rs 2,049.25 crore, up 26.91% Y-o-Y

Energy and environment solutions provider Thermax on Tuesday posted a 59 per cent jump in its net profit to Rs 126 crore in the December quarter mainly due to higher revenues.

Thermax profit after tax up 59% y-o-y to Rs 126 cr in Dec quarter

“Profit after tax (PAT or net profit) stood at Rs 126 crore, up 59 per cent as compared to Rs 79 crore in the corresponding quarter of FY 2021-22,” a company statement said.

Thermax net up 59% to Rs 126 crore in Q3

BHEL (Hyderabad and Trichy), Thermax, and IIT Delhi are working on the project, the Union minister said while inaugurating the demo run of an Inland Water Vessel powered by Methanol blended Diesel (MD15) on the Brahmaputra here.

Work on to have Coal-to-Methanol plants in India: Union Minister Hardeep Singh Puri

Board of Thermax Cooling Solutions approves merger with Thermax Instrumentation

Thermax Ltd has lost 8.12% over last one month compared to 6.99% gain in S&P BSE Capital Goods index and 1.08% rise in the SENSEX

Thermax Ltd Spurts 1.91%

IRCTC, SBI, Poonawalla Fincorp, JB Pharma, Glenmark Pharma, AstraZeneca, VRL Logistics, Power Grid, PTC India, Thermax, Wipro, Tata Motors, Biocon, IDBI Bank, ZEE, NTPC, Kamat Hotels, Indian Metals & Ferro Alloys, Shriram Properties

Stocks that will see action on December 15, 2022

Growth Tapers Off, Capex Cycle At Risk?: BQ Conversations BQ Conversations: Is Indian capex cycle at risk as growth tapers off?In conversation with Thermax’s MD & CEO Ashish Bhandari.

Capex Cycle At Risk? Thermax’s CEO Weighs In | BQ Conversation

Thermax Limited is engaged in the business of manufacture and sale of boilers, heating and cooling equipment, industrial chemicals, and water and waste management equipment.

Thermax Limited

Thermax Limited

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Thermax gains after Q3 PAT rises 59% YoY; order book at Rs 9,859 crore

Bharti Airtel, Hero MotoCorp, Thermax, RVNL in focus

Thermax consolidated net profit rises 58.83% in the December 2022 quarter

Thermax Consolidated December 2022 Net Sales at Rs 2,049.25 crore, up 26.91% Y-o-Y

Thermax profit after tax up 59% y-o-y to Rs 126 cr in Dec quarter

Thermax net up 59% to Rs 126 crore in Q3

Work on to have Coal-to-Methanol plants in India: Union Minister Hardeep Singh Puri

Board of Thermax Cooling Solutions approves merger with Thermax Instrumentation

Thermax Ltd Spurts 1.91%

Stocks that will see action on December 15, 2022

Thermax Limited

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Thermax gains after Q3 PAT rises 59% YoY; order book at Rs 9,859 crore

Bharti Airtel, Hero MotoCorp, Thermax, RVNL in focus

Thermax consolidated net profit rises 58.83% in the December 2022 quarter

Thermax Consolidated December 2022 Net Sales at Rs 2,049.25 crore, up 26.91% Y-o-Y

Thermax profit after tax up 59% y-o-y to Rs 126 cr in Dec quarter

Thermax net up 59% to Rs 126 crore in Q3

Work on to have Coal-to-Methanol plants in India: Union Minister Hardeep Singh Puri

Board of Thermax Cooling Solutions approves merger with Thermax Instrumentation

Thermax Ltd Spurts 1.91%

Stocks that will see action on December 15, 2022

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock