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

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“In the auto sector, Ashok Leyland, Automotive Axles and AIA Engineering are looking good while in the capital goods space, both SKF and Timken are looking good. Then there are companies like Thermax, Siemens which we also like.”

7 capital goods and auto stock picks from Pankaj Pandey

Forbes Marshall, Thermax, Marico, Tech Mahindra, Motilal Oswal Financial Services, and Jindal Stainless are also among the companies seeking to enforce Covid protocols reflecting broader enhanced risks. Several corporates also plan to increase mass testing if the number of cases rises. Many cos are …

Companies bring back Covid curbs as cases surge

The company considers all non-fossil fuel-based businesses or applications in the energy and environment segment as green

Thermax rides the ESG wave, 75% of FY22 orders for green offerings | The Financial Express

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

Thermax: Valuations way ahead of expectations

Prabhudas Lilladher recommended accumulate rating on Thermax with a target price of Rs 2181 in its research report dated May 23, 2022.

Accumulate Thermax; target of Rs 2181: Prabhudas Lilladher

Thermax reported 4.5% decline in consolidated net profit to Rs 102.54 crore from Rs 107.35 crore in Q4 FY22 over Q4 FY21.

Thermax Q4 PAT falls 4% YoY to Rs 102 cr

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

Stocks in news: Vodafone Idea, Thermax, Tata Motors, Vedanta and more

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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

Stocks in news: Vodafone Idea, Thermax, Tata Motors, Vedanta and more

Stocks that will see action on June 24, 2022

Stocks to Watch: Hero MotoCorp, ONGC, Tata Motors, Thermax, DCM Shriram, IT

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Companies bring back Covid curbs as cases surge

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