Thermax Ltd.

NSE: THERMAX | BSE: 500411 | ISIN: INE152A01029 | Industry: Heavy Electrical Equipment
| Mid-range Performer
3269.8000 -37.80 (-1.14%)
NSE Sep 22, 2025 15:31 PM
Volume: 33,789
 

logo
Thermax Ltd.
10 Aug 2017
3269.80
-1.14%
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...
Prabhudas Lilladhar released a Hold report for Thermax Ltd. with a price target of 3633.0 on 12 Sep, 2025.
More from Thermax Ltd.
Recommended