ICICI Direct has buy call on Thermax with a target price of Rs 2405. The current market price of . 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.
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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