Thermax Ltd.

NSE: THERMAX | BSE: 500411 | ISIN: INE152A01029 | Industry: Heavy Electrical Equipment
| Mid-range Performer
3312.2000 4.60 (0.14%)
NSE Sep 22, 2025 11:38 AM
Volume: 14,702
 

logo
Thermax Ltd.
10 Aug 2017
3312.20
0.14%
IDBI Capital
Granted, higher exposure to international orders poses a risk. From margins to pace of execution, there are multiple variables that could adversely impact. We have moderated our EBITDA FY19 expectations by 9% and we are factoring in lower dividend income. We have reduced the TP to Rs878 (from earlier TP of Rs906). With 16% fall in prices from our last note, we upgrade our recommendation to HOLD. Key Highlights and Investment Rationale The tide, perhaps, is changing: Moving from orders, TMX narratives are shifting to competitive margins. Granted, TMX will be beneficiary from compact linear Fresnel...
Thermax Ltd. has lost -38.04% in the last 1 Year
More from Thermax Ltd.
Recommended