Stock Research: Thermax

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Thermax

NSI:THERMAX INE152A01029
16
  • Value
    30
  • Growth
    45
  • Safety
    Safety
    22
  • Combined
    13
  • Sentiment
    42
  • 360° View
    360° View
    16
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Company Description

Thermax Limited is an India-based energy and environment solutions provider. The company operates in industrial products (air pollution control, cooling, heating, water and waste solutions), industrial infrastructure (boilers, fired heaters, projects and energy solutions), green solutions (build-own-operate, energy management, green hydrogen, renewable energy), and chemicals (construction chemicals, ion exchange resins, oil field chemicals, performance chemicals). It serves various industries including aviation, construction, biotechnology, and chemicals. In the last fiscal year, the company had a market cap of $4777 million, profits of $522 million, and revenue of $1216 million, with 3092 employees.

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ANALYSIS: With an Obermatt 360° View of 18 (better than 18% compared with alternatives), overall professional sentiment and financial characteristics for the stock Thermax are critical, mostly below average. The 360° View is based on consolidating four consolidated indicators, with half of the metrics below and half above average for Thermax. The consolidated Growth Rank has a good rank of 51, which means that the company experiences above-average growth momentum when looking at financial metrics such as revenue, profit, and invested capital growth as well as stock returns. This means that growth is higher than for 51% of competitors in the same industry. The consolidated Sentiment Rank also has a good rank of 51, which means that professional investors are more optimistic about the stock than for 51% of alternative investment opportunities. But the consolidated Value Rank has a less desirable rank of 20, which means that the share price of Thermax is on the higher side compared with typical size in indicators such as revenues, profits, and invested capital. This means the stock price is higher than for 80% of alternative stocks in the same industry. Finally, the consolidated Safety Rank has a riskier rank of 17, which means that the company has a financing structure that is riskier than those of 83% comparable companies when looking at the amount of its debt, its refinancing requirements, and its ability to service debt. ...read more

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The higher the 360° View, the better the stock performed against its peers, considering all metrics. The 360° View represents an average of the other 5 ranks and is then scaled to a rank from 1 to 100. The shaded values are illustrative only.
Last update: 26-May-2026.

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The higher, the better. For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. These ranks are percentiles: a rank of 75 means the company outperforms 75% of its peers in that specific area. The higher the rank, the better the stock stacks up against its peers.

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Metrics Current 2025 2024 2023
Value
30 17 19 21
Growth
45 81 59 93
Safety
Safety
22 39 45 51
Sentiment
42 16 47 66
360° View
360° View
16 20 27 77
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Metrics Current 2025 2024 2023
Analyst Opinions
10 19 20 9
Opinions Change
25 19 47 53
Pro Holdings
n/a 32 46 74
Market Pulse
75 45 85 83
Sentiment
42 16 47 66
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Metrics Current 2025 2024 2023
Value
30 17 19 21
Growth
45 81 59 93
Safety Safety
22 39 45 51
Combined
13 39 22 57
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Metrics Current 2025 2024 2023
Price vs. Sales (P/S)
32 36 34 29
Price vs. Earnings (P/E)
1 13 17 13
Price vs. Book (P/B)
25 25 27 26
Dividend Yield
65 25 23 25
Value
30 17 19 21
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Metrics Current 2025 2024 2023
Revenue Growth
77 66 73 82
Profit Growth
34 71 58 57
Capital Growth
7 84 21 80
Stock Returns
67 39 85 97
Growth
45 81 59 93
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Metrics Current 2025 2024 2023
Leverage
45 58 56 64
Refinancing
12 15 24 28
Liquidity
54 62 61 64
Safety Safety
22 39 45 51

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Frequently Asked
Questions

This is a classic, high-risk growth play: high growth and positive sentiment outweigh low Value Rank (expensive) and risky financing. This is for aggressive growth investors who are comfortable with the high price and risk, believing the growth story justifies the expense.

Obermatt provides unbiased stock analysis as a completely independent third party. We have no conflicts of interest with individual stock titles. Our data-driven analysis is based on algorithms honed over twelve years, giving you analysis that is free from personal bias and conflicts of interest.

The 360° View Rank indicates a company's overall performance across all major financial and non-financial metrics tracked by Obermatt. A 360° View Rank of 75 means the company is more well-rounded than 75% of similar companies. A high score indicates that the company is strong across the board; it is attractively priced, growing sustainably, financially stable, and well-regarded by the market. Learn more.

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