Thermax Ltd.

NSE: THERMAX | BSE: 500411 | ISIN: INE152A01029 |Industry: Heavy Electrical Equipment
|Expensive Performer
Durability score
65 /100
Valuation score
15.5 /100
Momentum score
53.3 /100
Market Capitalizati...
12,358.4 Cr.
AVG Broker Target
1,120.7
PE TTM Price to Ear...
36.3

Peer Group

StockCurrent Price RsPE TTM Price to EarningsMarket Capitalization in CrDividend yield 1yr %Net Profit Qtr CrNet Profit Annual Growth YoY %Operating Revenues Qtr CrRevenue Growth Qtr YoYPrice to Book Value
Thermax Ltd. 1097.5536.2912358.410.6462.7627.391392.4534.504.10
Siemens Ltd.
Market Leader
1327.7545.6447267.900.53248.10-21.153198.404.085.69
ABB India Ltd.
Market Runner Up
1409.1054.0129858.830.34130.4021.651725.753.607.45
Bharat Heavy Electri.. 50.1020.6817445.073.99-216.2550.684531.68-23.650.56
Adani Green Energy L.. 51.60-425.468070.310.005.5224.30111.37207.565.73
Kalpataru Power Tran.. 475.4517.887369.480.6392.0024.631655.0024.912.34
KEC International Ltd. 275.3014.317077.960.9888.617.682412.4514.622.91
GE Power India Ltd. 760.2578.735111.160.79-8.69186.33428.66-3.265.78
All values except ratios in INR(Crores)
IndicatorJun-2019Mar-2019Dec-2018Sep-2018Jun-2018Mar-2018Dec-2017Sep-2017Jun-2017Graph
Total Revenue Qtr cr 804.8 1,360.0 871.0 1,229.8 877.1 1,348.1 1,002.4 885.7 735.6
Operating Expenses Qtr Cr 754.9 1,215.2 777.9 1,104.8 790.6 1,160.2 888.1 777.8 670.5
Operating Profit Qtr Cr 32.9 112.4 69.0 83.6 58.7 149.9 92.4 86.1 42.9
Operating Profit Margin Qtr % 4.17% 8.46% 8.15% 7.03% 6.91% 11.44% 9.43% 9.97% 6.02%
Depreciation Qtr Cr 14.1 12.4 11.9 15.8 16.9 17.5 16.8 15.0 14.9
Interest Qtr Cr 0.8 2.0 0.9 2.1 2.0 2.0 1.7 3.8 0.5
Profit Before Tax Qtr Cr 35.1 109.8 53.1 107.1 67.6 143.4 95.8 89.2 49.7
Tax Qtr Cr 11.5 45.2 26.8 37.8 22.7 57.7 32.6 32.3 17.3
Net Profit Qtr Cr 49.9 112.8 48.2 69.3 44.9 85.8 63.2 56.8 32.4
Basic EPS Qtr Rs 4.2 9.5 4.0 5.8 3.8 7.2 5.3 4.8 2.7
Net profit TTM Cr 280.3 275.3 248.2 263.2 250.7 238.3 135.8 129.2 132.1
Basic EPS TTM Rs 23.5 23.1 20.8 22.1 21.0 20.0 11.4 10.8 11.1
Quarterly Operating Revenues Qtr Cr Analysis
Operating Revenues Qtr Cr growth is lower than historical averages.
Quarterly Net Profit Qtr Cr Analysis
Net Profit Qtr Cr growth is lower than historical averages.
IndicatorJun-2019Mar-2019Dec-2018Sep-2018Jun-2018Mar-2018Dec-2017Sep-2017Jun-2017Graph
Total Revenue Qtr cr 1,414.0 2,125.6 1,467.9 1,463.2 1,066.3 1,488.0 1,140.8 1,056.7 895.9
Operating Expenses Qtr Cr 1,293.4 1,902.9 1,329.3 1,317.6 965.9 1,304.8 1,021.5 937.9 799.7
Operating Profit Qtr Cr 99.1 170.8 107.3 110.0 69.3 138.2 95.5 95.2 72.2
Operating Profit Margin Qtr % 7.12% 8.24% 7.47% 7.71% 6.7% 9.58% 8.55% 9.21% 8.28%
Depreciation Qtr Cr 26.2 24.7 22.9 23.4 21.0 23.9 20.8 18.9 18.9
Interest Qtr Cr 4.4 3.5 3.6 3.9 3.3 3.7 2.5 5.1 1.6
Profit Before Tax Qtr Cr 90.0 192.5 24.6 118.3 76.1 155.5 96.1 94.8 75.7
Tax Qtr Cr 27.3 65.3 -51.1 43.4 27.4 62.6 37.8 37.0 28.4
Net Profit Qtr Cr 62.8 127.3 75.7 74.8 48.7 92.9 58.3 57.8 47.3
Basic EPS Qtr Rs 5.6 11.3 6.7 6.6 4.3 6.7 5.2 5.1 3.6
Net profit TTM Cr 340.6 326.5 292.1 274.7 257.7 256.3 263.2 262.7 275.7
Basic EPS TTM Rs 30.2 29.0 25.9 24.4 22.9 22.8 23.4 23.3 24.5
Quarterly Operating Revenues Qtr Cr Analysis
Operating Revenues Qtr Cr growth is lower than historical averages.
Quarterly Net Profit Qtr Cr Analysis
Net Profit Qtr Cr growth is lower than historical averages.
All values except ratios in INR(Crores)
IndicatorTTMMar-2019Mar-2018Mar-2017Mar-2016Mar-2015Mar-2014Mar-2013Mar-2012Mar-2011Graph
Total Revenue Annual Cr 4,265.6 3,663.9 3,971.8 3,866.3 4,461.6 4,808.2 4,366.5 4,763.9 5,374.6 4,935.5
Operating Expenses Annual Cr 3,852.8 3,290.4 3,496.5 3,389.9 3,963.2 4,227.4 3,892.9 4,183.7 4,720.1 4,317.3
Operating Profit Annual in Cr 297.8 250.7 371.4 373.8 388.6 470.0 409.2 507.1 583.9 535.1
Operating Profit Margin Annual % 6.84% 9.35% 9.67% 8.71% 9.78% 9.37% 10.65% 10.86% 10.84%
Total Expenses Annual Cr 3,345.8 3,568.7 3,458.9 4,024.7 4,311.2 3,959.6 4,248.3 4,773.6 4,362.8
EBIDT Annual Cr 373.5 475.4 476.4 498.4 580.9 473.5 580.1 654.4 618.2
EBIDT margin Annual % 10.19% 11.97% 12.32% 11.17% 12.08% 10.84% 12.18% 12.18% 12.53%
Depreciation Cr 54.2 50.1 64.2 65.4 60.9 64.1 57.8 54.9 47.0 43.3
PAT Before ExtraOrdinary Items Annual Cr 161.0 238.3 144.8 305.5 335.9 253.0 350.0 406.9 382.4
Net Profit Annual Cr 280.3 275.2 238.3 144.8 305.5 335.9 253.0 350.0 406.9 382.4
Basic EPS Annual Rs 23.1 20.0 12.2 25.6 28.2 21.2 29.4 34.1 32.1
Annual Total Revenue Annual Cr Analysis
Total Revenue Annual Cr growth is lower than historical averages.
Average Total Revenue Annual Cr
1 Year:
3,663.9 Cr
3 Years:
3,834.02 Cr
5 Years:
4,154.38 Cr
7 Years:
4,271.75 Cr
Annual Net Profit Annual Cr Analysis
Net Profit Annual Cr growth is higher than historical averages.
Average Net Profit Annual Cr
1 Year:
275.24 Cr
3 Years:
219.44 Cr
5 Years:
259.96 Cr
7 Years:
271.82 Cr
Annual ROE Annual % Analysis
ROE Annual % is growing faster than historical averages.
Average ROE Annual %
1 Year:
10.06 %
3 Years:
8.45 %
5 Years:
10.49 %
7 Years:
11.95 %
IndicatorTTMMar-2019Mar-2018Mar-2017Mar-2016Mar-2015Mar-2014Mar-2013Mar-2012Mar-2011Graph
Total Revenue Annual Cr 6,470.8 6,123.1 4,581.3 4,597.1 5,267.4 5,516.4 5,171.4 5,576.6 6,174.2 5,393.6
Operating Expenses Annual Cr 5,843.1 5,515.7 4,063.9 4,050.1 4,715.8 4,932.0 4,662.6 5,001.5 5,499.3 4,761.6
Operating Profit Annual in Cr 487.2 457.4 400.9 433.0 429.1 463.6 437.3 490.2 591.9 537.5
Operating Profit Margin Annual % 7.47% 8.75% 9.42% 8.15% 8.4% 8.46% 8.79% 9.59% 9.96%
Total Expenses Annual Cr 5,622.1 4,159.2 4,141.7 4,800.3 5,148.1 4,782.1 5,095.1 5,577.7 4,820.2
EBIDT Annual Cr 607.3 517.3 547.0 551.5 584.5 508.9 575.0 674.9 632.1
EBIDT margin Annual % 9.92% 11.29% 11.9% 10.47% 10.59% 9.84% 10.31% 10.93% 11.72%
Depreciation Cr 97.3 92.0 82.4 81.9 72.2 134.1 92.2 77.1 66.3 54.2
PAT Before ExtraOrdinary Items Annual Cr 326.5 256.3 281.6 323.2 148.1 219.8 304.1 392.1 376.9
Net Profit Annual Cr 340.6 326.5 256.3 281.6 323.2 148.1 219.8 304.1 392.1 376.9
Basic EPS Annual Rs 28.9 20.6 19.8 25.1 17.6 20.6 26.9 33.9 32.0
Annual Total Revenue Annual Cr Analysis
Total Revenue Annual Cr growth is higher than historical averages.
Average Total Revenue Annual Cr
1 Year:
6,123.05 Cr
3 Years:
5,100.48 Cr
5 Years:
5,217.05 Cr
7 Years:
5,261.89 Cr
Annual Net Profit Annual Cr Analysis
Net Profit Annual Cr growth is higher than historical averages.
Average Net Profit Annual Cr
1 Year:
326.5 Cr
3 Years:
288.13 Cr
5 Years:
267.14 Cr
7 Years:
265.64 Cr
Annual ROE Annual % Analysis
ROE Annual % is growing faster than historical averages.
Average ROE Annual %
1 Year:
10.79 %
3 Years:
9.37 %
5 Years:
9.91 %
7 Years:
11.25 %
All values except ratios in INR(Crores)
IndicatorMar-2019Mar-2018Mar-2017Mar-2016Mar-2015Mar-2014Mar-2013Mar-2012Mar-2011Graph
Book Value Per Share Annual Rs 229.6 215.3 202.2 208.7 190.2 170.0 156.9 134.4 108.5
RoA Annual % 4.48% 4.43% 3.15% 6.16% 6.92% 5.21% 8.52% 10.24% 10.53%
ROE Annual % 10.06% 9.28% 6.01% 12.28% 14.81% 12.49% 18.72% 25.41% 29.59%
ROCE Annual % 11.57% 9.03% 5.84% 11.96% 14.51% 11.5% 18.07% 24.71% 28.89%
Profitability Ratio
Liquidity Ratio
Valuation Ratio
Total Debt to Total Equity Annual 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0
Annual Book Value Per Share Annual Rs Analysis
Book Value Per Share Annual Rs growth is stable compared to historical averages.
Average Book Value Per Share Annual Rs
1 Year:
229.61 Rs
3 Years:
215.73 Rs
5 Years:
209.23 Rs
7 Years:
196.14 Rs
Annual RoA Annual % Analysis
RoA Annual % is growing faster than historical averages.
Average RoA Annual %
1 Year:
4.48 %
3 Years:
4.02 %
5 Years:
5.03 %
7 Years:
5.55 %
IndicatorMar-2019Mar-2018Mar-2017Mar-2016Mar-2015Mar-2014Mar-2013Mar-2012Mar-2011Graph
Book Value Per Share Annual Rs 267.7 241.1 225.5 214.6 186.7 182.8 166.1 146.1 114.7
RoA Annual % 4.78% 3.9% 4.4% 5.44% 3.59% 4.13% 6.44% 8.63% 9.3%
ROE Annual % 10.79% 8.54% 8.78% 11.68% 9.77% 12.06% 17.13% 24.76% 29.02%
ROCE Annual % 16.37% 15.17% 8.27% 11.0% 7.51% 8.35% 13.03% 21.07% 24.84%
Profitability Ratio
Liquidity Ratio
Valuation Ratio
Total Debt to Total Equity Annual 0.1 0.1 0.1 0.1 0.3 0.4 0.2 0.2 0.1
Annual Book Value Per Share Annual Rs Analysis
Book Value Per Share Annual Rs growth is higher than historical averages.
Average Book Value Per Share Annual Rs
1 Year:
267.7 Rs
3 Years:
244.76 Rs
5 Years:
227.11 Rs
7 Years:
212.06 Rs
Annual RoA Annual % Analysis
RoA Annual % is growing faster than historical averages.
Average RoA Annual %
1 Year:
4.78 %
3 Years:
4.36 %
5 Years:
4.42 %
7 Years:
4.67 %
All values except ratios in INR(Crores)
IndicatorMar-2019Mar-2018Mar-2017Mar-2016Mar-2015Mar-2014Mar-2013Mar-2012Mar-2011Graph
Total ShareHolders Funds Annual Cr 2,735.8 2,565.6 2,409.8 2,487.1 2,266.8 2,025.0 1,869.3 1,601.2 1,292.3
Minority Interest Liability Annual Cr
Total Non Current Liabilities Annual Cr 58.6 70.3 69.2 66.1 46.9 173.6 67.0 45.0 31.3
Total Current Liabilities Annual Cr 3,344.4 2,739.3 2,116.6 2,405.9 2,538.9 2,655.3 2,167.8 2,323.5 2,306.9
Total Capital Plus Liabilities Annual Cr 6,138.9 5,375.1 4,595.6 4,959.1 4,852.6 4,853.9 4,104.1 3,969.7 3,630.5
Fixed Assets Annual Cr 742.0 763.8 683.7 644.5 648.5 663.9 645.5 573.6 516.3
Total Non Current Assets Annual Cr 1,811.8 1,803.7 1,735.4 1,647.4 1,360.9 1,320.0 1,263.7 1,056.7 972.7
Total Current Assets Annual Cr 4,327.0 3,571.4 2,860.2 3,311.8 3,491.8 3,533.8 2,840.5 2,913.0 2,657.9
Total Assets Annual Cr 6,138.9 5,375.1 4,595.6 4,959.1 4,852.6 4,853.9 4,104.1 3,969.7 3,630.5
Contingent Liabilities plus Commitments Annual Cr 2,005.4 547.0 422.7 1,912.1 1,286.2 278.8 285.5 364.8 408.9
Bonus Equity Share Capital Annual Cr 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4 3.4
Non Current Investments Unquoted BookValue Annual Cr 973.0 84.1 81.6 681.1 488.1 480.1 411.7 370.0 281.4
Current Investments Unquoted BookValue Annual Cr 656.9 1,156.5 764.7 838.7 0.0 367.3 183.7 131.3 89.0
Annual Long Term Debt To Equity Annual Analysis
Average Long Term Debt To Equity Annual
1 Year:
-
3 Years:
-
5 Years:
-
7 Years:
-
Annual Total Assets Annual Cr Analysis
Total Assets Annual Cr growth is higher than historical averages.
Average Total Assets Annual Cr
1 Year:
6,138.85 Cr
3 Years:
5,369.86 Cr
5 Years:
5,184.27 Cr
7 Years:
4,982.77 Cr
IndicatorMar-2019Mar-2018Mar-2017Mar-2016Mar-2015Mar-2014Mar-2013Mar-2012Mar-2011Graph
Total ShareHolders Funds Annual Cr 3,014.3 2,714.7 2,537.6 2,416.2 2,146.4 2,038.3 1,868.7 1,629.3 1,314.9
Minority Interest Liability Annual Cr 0.0 0.0 1.4 0.0 78.0 139.7 110.3 111.6 52.0
Total Non Current Liabilities Annual Cr 131.8 151.6 156.2 149.6 567.8 764.8 476.9 174.0 169.0