2025-01-17 12:25:17 pm | Source: Motilal Oswal Financial Services Ltd Ltd
Neutral Thermax Ltd For Target Rs. 4,400 by Motilal Oswal Financial Services Ltd
* We expect revenue to grow 22% YoY and EBITDA margin to expand 130bp YoY to 9.4%. Sequentially, margin is estimated to contract ~220bp due to the one-off government incentive received in 2QFY25.
* We expect healthy YoY EBITDA and PAT growth of 41% and 23%, respectively.
* The performance of key subsidiaries (FEPL, TOESL) needs to be monitored closely.
Key monitorables include the large order pipeline, margin outlook, and industrial Infra and Chemicals segment.
* We reduce our FY26/27 estimates baking in slightly lower revenue growth.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Recruited 4,656 teachers to provide quality educatio...
RSI Overbought at 65, ADX at 38 Signals Strong Momen...
Indian automaker Tata Motors falls 5% as US tariffs ...
Index Forms Long Bearish Candle, Signals Negative Bi...
Oil inches up on tighter supply risks; views mixed o...
Nifty, Bank Nifty, Fin Nifty & NIFTY Midcap Expiry R...
Quote on Morning Market by Dr. V K Vijayakumar, Chie...
Morning Nifty and Derivative Comments 27 March 2025 ...
Gold rises as fears mount over Trump's reciprocal ta...
Rupee to decline on risk aversion spurred by US tari...
