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Thermax soars on entering into strategic collaboration with Ceres Power Thermax is currently trading at Rs. 4802.65, up by 158.80 points or 3.42% from its previous closing of Rs. 4643.85 on the BSE. The scrip opened at Rs. 4698.55 and has touched a high and low of Rs. 4889.35 and Rs. 4684.05 respectively. So far 5252 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5835.00 on 08-Jul-2024 and a 52 week low of Rs. 2500.00 on 29-Nov-2023. Last one week high and low of the scrip stood at...
Thermax soars on entering into strategic collaboration with Ceres Power
Thermax soars on entering into strategic collaboration with Ceres Power
Source: Accord Fintech
2024-09-13 10:11:52 am
Sell Thermax Limited For Target Rs. 3,968 By Geojit Financial Services Ltd Depleting order book remains a concern. Thermax Ltd (TMX) is a leading energy and environment solutions provider. They offer integrated, innovative solutions in the areas of heating, cooling, power, water & waste management, air pollution control and chemicals. * TMX reported in-line revenue growth of 13% YoY in Q1FY25, led by the industrial product (15% YoY) and green solutions (54% YoY). * However, EBITDA margin declined by 38% YoY to 6.5% owing to one time provisions for indus...
Sell Thermax Limited For Target Rs. 3,968 By Geojit Financial Services Ltd
Sell Thermax Limited For Target Rs. 3,968 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-09-09 11:49:50 am
Thermax rises as its arm to acquire 100% stake in OTEPL Thermax is currently trading at Rs. 4350.45, up by 22.40 points or 0.52% from its previous closing of Rs. 4328.05 on the BSE. The scrip opened at Rs. 4330.00 and has touched a high and low of Rs. 4401.95 and Rs. 4288.00 respectively. So far 1219 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5835.00 on 08-Jul-2024 and a 52 week low of Rs. 2500.00 on 29-Nov-2023. Last one week high and low of the scrip stood at ...
Thermax rises as its arm to acquire 100% stake in OTEPL
Thermax rises as its arm to acquire 100% stake in OTEPL
Source: Accord Fintech
2024-09-09 11:44:14 am
Indian industrial machine maker Thermax's first-quarter profit rises India's Thermax posted a 13.5% rise in first-quarter profit on Thursday, on steady demand for industrial products. Its consolidated profit before tax and exceptional items rose to 1.61 billion rupees ($19.23 million) in the April-June quarter from 1.42 billion rupees a year ago. The company had an exceptional charge of 510 million rupees in the year ago quarter, relating to litigation costs. Analysts had previously said that capital goods companies would see revenue growth in the...
Indian industrial machine maker Thermax's first-quarter profit rises
Indian industrial machine maker Thermax's first-quarter profit rises
Source: Reuters
2024-08-01 05:31:02 pm
Neutral Thermax Ltd. For Target Rs. 4,180 - Motilal Oswal Financial Services Order inflow growth remains weak Thermax 4QFY24 results beat our estimates, with in-line revenue and higherthan-expected PAT on strong margins. 4Q revenue/EBITDA/PAT grew by 20%/37%/20% YoY. Order inflows stood at INR23b/INR101b in 4Q/FY24 (up 2%/4% YoY), both lower than our estimates. Inflows lacked large-sized orders during the year. Though the working capital cycle is still comfortable, free cash flow was affected by large capex, primarily for TOESL/FEPL. Borrowings jumped 55% YoY to IN...
Neutral Thermax Ltd. For Target Rs. 4,180 - Motilal Oswal Financial Services
Neutral Thermax Ltd. For Target Rs. 4,180 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-24 11:48:38 am
Sell Thermax Ltd. For Target Rs. 4,546 - Geojit Financial Services Ltd Expensive valuation a near term deterrent... Thermax Ltd (TMX) is a leading energy and environment solutions provider. They offer integrated, innovative solutions in the areas of heating, cooling, power, water & waste management, air pollution control and chemicals. * TMX reported in-line revenue growth of 19.6% YoY in Q4FY24, led by the industrial segment (23% YoY) and infra segments (17% YoY), green solutions (72% YoY) and chemical segments, which witnessed de-growth. * EBITDA...
Sell Thermax Ltd. For Target Rs. 4,546 - Geojit Financial Services Ltd
Sell Thermax Ltd. For Target Rs. 4,546 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-06-17 10:36:59 am
Thermax climbs on opening new manufacturing facility for water, wastewater solutions in Pune Thermax is currently trading at Rs. 4703.95, up by 155.70 points or 3.42% from its previous closing of Rs. 4548.25 on the BSE. The scrip opened at Rs. 4515.05 and has touched a high and low of Rs. 4874.00 and Rs. 4511.00 respectively. So far 10776 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4874.00 on 15-Apr-2024 and a 52 week low of Rs. 2178.00 on 20-Apr-2023. Last one week high and low of the scrip stood a...
Thermax climbs on opening new manufacturing facility for water, wastewater solutions in Pune
Thermax climbs on opening new manufacturing facility for water, wastewater solutions in Pune
Source:
2024-04-15 03:19:40 pm
Buy Thermax Ltd. For Target Rs.3,722 By LKP securities Ltd Thermax (TMX) witnessed muted performance impacted by deferment of execution and impact of cost overruns in select projects. Thermax reported a 13%/16%/11% YoY growth in revenues/EBITDA/PAT. The EBITDA margin of 8.1% improved by 20bps YoY. TMX recorded ?100 mn as a one-off cost revision in a refinery order, which impacted margins negatively by 43bps. Order inflows grew 14% YoY at ?25.1 bn reflecting higher inflows from Bio-CNG taking the total order-book to ?107.2 bn. Within this order pipeli...
Buy Thermax Ltd. For Target Rs.3,722 By LKP securities Ltd
Buy Thermax Ltd. For Target Rs.3,722 By LKP securities Ltd
Source: LKP securities Ltd
2024-04-01 01:56:06 pm
Thermax rises on inking pact with Flowtech to manufacture Poly Carboxylate Ether products Thermax is currently trading at Rs. 3517.85, up by 7.35 points or 0.21% from its previous closing of Rs. 3510.50 on the BSE. The scrip opened at Rs. 3549.00 and has touched a high and low of Rs. 3560.45 and Rs. 3486.05 respectively. So far 1891 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3562.00 on 20-Feb-2024 and a 52 week low of Rs. 1985.05 on 22-Feb-2023. Last one week high and low of the scrip stood at R...
Thermax rises on inking pact with Flowtech to manufacture Poly Carboxylate Ether products
Thermax rises on inking pact with Flowtech to manufacture Poly Carboxylate Ether products
Source: Accord Fintech
2024-02-21 11:08:25 am
Thermax gains on getting nod for additional capex of Rs 45 crore Thermax is currently trading at Rs. 3244.85, up by 39.00 points or 1.22% from its previous closing of Rs. 3205.85 on the BSE. The scrip opened at Rs. 3286.70 and has touched a high and low of Rs. 3318.10 and Rs. 3205.85 respectively. So far 2828 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3456.15 on 08-Feb-2024 and a 52 week low of Rs. 1985.05 on 22-Feb-2023. Last one week high and low of the scrip stood at ...
Thermax gains on getting nod for additional capex of Rs 45 crore
Thermax gains on getting nod for additional capex of Rs 45 crore
Source: Accord Fintech
2024-02-09 12:46:32 pm
Indian engineering firm Thermax`s Q3 profit rises on strong industrial demand Indian engineering company Thermax reported an 11% year-on-year rise in third-quarter profit on Thursday, helped by strong demand for its industrial products. Consolidated profit before tax and exceptional items rose to 1.83 billion rupees ($22.1 million) in the three months ended Dec. 31, from 1.65 billion rupees a year ago. Engineering companies in India have been benefitting from the government's push on infrastructure, clean energy and indigenisation through increased capex and ...
Indian engineering firm Thermax`s Q3 profit rises on strong industrial demand
Indian engineering firm Thermax`s Q3 profit rises on strong industrial demand
Source: Reuters
2024-02-08 03:27:40 pm
Neutral Thermax Ltd For Target Rs.2,740 - Motilal Oswal Financial Services Ltd Range of offerings on energy transition We attended Thermax’s analyst meet where company demonstrated its innovative technologies and bespoke solutions for the green solutions segment to cater to energy transition needs of customers. Through its two subsidiaries TOESL and FEPL, company offers a range of products and services across bio energy and renewable. It also has lined up plans to enter into coal gasification and electrical energy solutions including electric pumps. We expect c...
Neutral Thermax Ltd For Target Rs.2,740 - Motilal Oswal Financial Services Ltd
Neutral Thermax Ltd For Target Rs.2,740 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-01-01 01:32:01 pm
Add Thermax Ltd For Target Rs. 2,760 - Yes Securities Healthy quarter; Lack of incremental margin and order inflow triggers; downgrade to reduce Our view Thermax Ltd (TMX) reported a strong print in line with expectations of a low-double digit revenue growth and strong margin expansion. While revenue growth was driven by Industrial businesses, margin expanded across the board led by stable rm prices and execution of profitable projects. Order Inflow decline was a dampener where a 19% YoY drop in Industrial Infra segment drove the weakness....
Add Thermax Ltd For Target Rs. 2,760 - Yes Securities
Add Thermax Ltd For Target Rs. 2,760 - Yes Securities
Source: Yes Securities Ltd
2023-12-12 04:04:39 pm
Accumulate Thermax Ltd For Target Rs.2,913 - Geojit Financial Services Execution to pick-up in H2FY24... In H1FY24, TMX reported a revenue growth of 13.6% YoY to Rs. 4,235cr, aided by strong execution in the Industrial product segment (22% YoY), Green solutions (23% YoY) and Industrial infra (13% YoY). The Chemical segment witnessed a muted growth. The management expects execution to pick up in H2FY24, aided by strong orders and TMX’s continued investments in solar and in biomass to hydrogen businesses. However, we largely maintain our FY24/FY25 revenue...
Accumulate Thermax Ltd For Target Rs.2,913 - Geojit Financial Services
Accumulate Thermax Ltd For Target Rs.2,913 - Geojit Financial Services
Source: Geojit Financial Services
2023-12-01 02:12:57 pm
India`s Thermax posts 45% rise in Q2 profit on strong industrial demand Indian engineering company Thermax reported a roughly 45% jump in second-quarter profit on Friday, helped by higher demand for its industrial products and infrastructure. Consolidated net profit rose to 1.58 billion rupees ($19 million) in the three months ended Sept. 30, from 1.09 billion rupees a year ago. The Pune, Maharashtra-based company's revenue rose 11% to 23.02 billion rupees. Sales of industrial products -- including for heating, cooling, water and waste management inc...
India`s Thermax posts 45% rise in Q2 profit on strong industrial demand
India`s Thermax posts 45% rise in Q2 profit on strong industrial demand
Source: Reuters
2023-11-04 12:14:00 pm
Thermax rises as its arm plans to infuse Rs 24.94 crore in TEELK Thermax is currently trading at Rs. 2807.10, up by 29.70 points or 1.07% from its previous closing of Rs. 2777.40 on the BSE. The scrip opened at Rs. 2780.20 and has touched a high and low of Rs. 2833.85 and Rs. 2780.20 respectively. So far 759 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3227.85 on 03-Oct-2023 and a 52 week low of Rs. 1830.35 on 23-Dec-2022. Last one week high and low of the scrip stood at R...
Thermax rises as its arm plans to infuse Rs 24.94 crore in TEELK
Thermax rises as its arm plans to infuse Rs 24.94 crore in TEELK
Source: Accord Fintech
2023-10-30 10:22:40 am