Thermax Stocks: Buy Thermax; Target price Rs 2405: ICICI Direct | Techno Glob


ICICI Direct has bought a call on Thermax with a target price of Rs 2405. Current market price. 2162 Rs.

Thermax Ltd. is a Mid Cap company (with a market cap of Rs 25952.84 crores in engineering sector) incorporated in 1980.

Ltd. selling services in key product/revenue segments; export incentives; fragments, commission Includes Royalty Income and other operating income for the year ending 31-Mar-2022.

Finance

For the quarter ended 30-06-2022, the company reported a total revenue of Rs 1675.02 crore, The total revenue for the last quarter was Rs.2027.62 crores, an increase of 55.42% compared to the same quarter last year’s total revenue of Rs.1077.7 crores. . The company reported a net profit after tax of Rs 59.02 crore in the last quarter.

Promoter/FII Holdings
Promoters hold 61.98 per cent stake in the company as on 30-Sept-2022, while FIIs hold 14.39 per cent; DIIs own 15.34 percent.

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