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    Buy Thermax, target price Rs 2405: ICICI Direct

    Synopsis

    Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 25952.84 Crore) operating in Engineering sector.

    ThermaxAgencies
    Promoters held 61.98 per cent stake in the company as of 30-Sep-2022, while FIIs owned 14.39 per cent, DIIs 15.34 per cent.
    ICICI Direct has buy call on Thermax with a target price of Rs 2405. The current market price of Thermax Ltd. is Rs 2162.

    Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 25952.84 Crore) operating in Engineering sector.

    Thermax Ltd. key Products/Revenue Segments include Sale of services, Export Incentives, Scrap, Commission, Royalty Income and Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1675.02 Crore, down -17.39 % from last quarter Total Income of Rs 2027.62 Crore and up 55.42 % from last year same quarter Total Income of Rs 1077.75 Crore. Company reported net profit after tax of Rs 59.02 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 61.98 per cent stake in the company as of 30-Sep-2022, while FIIs owned 14.39 per cent, DIIs 15.34 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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