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THERMAX vs BALU FORGE - Comparison Results

Rs 100 invested in...

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Current Valuations

    THERMAX BALU FORGE THERMAX/
BALU FORGE
 
P/E (TTM) x 81.6 26.0 313.6% View Chart
P/BV x 12.9 10.6 121.8% View Chart
Dividend Yield % 0.2 0.0 -  

Financials

 THERMAX   BALU FORGE
EQUITY SHARE DATA
    THERMAX
Mar-23
BALU FORGE
Mar-23
THERMAX/
BALU FORGE
5-Yr Chart
Click to enlarge
High Rs2,679126 2,118.2%   
Low Rs1,83052 3,519.9%   
Sales per share (Unadj.) Rs678.939.2 1,732.6%  
Earnings per share (Unadj.) Rs37.84.7 810.3%  
Cash flow per share (Unadj.) Rs47.64.8 986.7%  
Dividends per share (Unadj.) Rs10.000-  
Avg Dividend yield %0.40-  
Book value per share (Unadj.) Rs324.423.7 1,368.3%  
Shares outstanding (eoy) m119.1683.36 142.9%   
Bonus / Rights / Conversions 00-  
Price / Sales ratio x3.32.3 145.8%   
Avg P/E ratio x59.619.1 311.8%  
P/CF ratio (eoy) x47.318.5 256.1%  
Price / Book Value ratio x6.93.8 184.6%  
Dividend payout %26.40-   
Avg Mkt Cap Rs m268,6297,438 3,611.5%   
No. of employees `000NANA-   
Total wages/salary Rs m9,54268 13,972.3%   
Avg. sales/employee Rs Th00-  
Avg. wages/employee Rs Th00-  
Avg. net profit/employee Rs Th00-  
INCOME DATA
Net Sales Rs m80,8983,266 2,476.7%  
Other income Rs m1,602126 1,266.6%   
Total revenues Rs m82,5003,393 2,431.6%   
Gross profit Rs m5,973498 1,200.0%  
Depreciation Rs m1,16913 8,806.3%   
Interest Rs m376105 356.9%   
Profit before tax Rs m6,031506 1,192.6%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m1,524117 1,307.6%   
Profit after tax Rs m4,507389 1,158.2%  
Gross profit margin %7.415.2 48.5%  
Effective tax rate %25.323.0 109.6%   
Net profit margin %5.611.9 46.8%  
BALANCE SHEET DATA
Current assets Rs m60,7232,989 2,031.8%   
Current liabilities Rs m44,0921,606 2,745.5%   
Net working cap to sales %20.642.3 48.6%  
Current ratio x1.41.9 74.0%  
Inventory Days Days10717 643.5%  
Debtors Days Days82,352 0.3%  
Net fixed assets Rs m26,498698 3,797.4%   
Share capital Rs m225834 27.0%   
"Free" reserves Rs m38,4301,143 3,363.3%   
Net worth Rs m38,6561,976 1,956.0%   
Long term debt Rs m4,225117 3,613.4%   
Total assets Rs m87,3003,686 2,368.2%  
Interest coverage x17.05.8 293.8%   
Debt to equity ratio x0.10.1 184.7%  
Sales to assets ratio x0.90.9 104.6%   
Return on assets %5.613.4 41.7%  
Return on equity %11.719.7 59.2%  
Return on capital %14.929.2 51.2%  
Exports to sales %17.80-   
Imports to sales %5.50-   
Exports (fob) Rs m14,370NA-   
Imports (cif) Rs m4,420NA-   
Fx inflow Rs m14,3702,216 648.6%   
Fx outflow Rs m4,42063 6,978.2%   
Net fx Rs m9,9502,152 462.3%   
CASH FLOW
From Operations Rs m4,596122 3,775.2%  
From Investments Rs m-6,797-73 9,356.8%  
From Financial Activity Rs m3,485-57 -6,135.2%  
Net Cashflow Rs m1,443-8 -18,690.4%  

Share Holding

Indian Promoters % 62.0 56.1 110.5%  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 27.9 10.7 260.0%  
FIIs % 12.0 8.8 136.9%  
ADR/GDR % 0.0 0.0 -  
Free float % 38.0 43.9 86.5%  
Shareholders   39,547 18,054 219.0%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare THERMAX With:   BHARAT ELECTRONICS    ELECON ENGINEERING    SKIPPER    PRAJ IND.LTD    LLOYDS ENGINEERING WORKS    


More on Thermax vs BALU FORGE

No comparison is complete without understanding how the stock prices have performed over a period of time.

Here's a brief comparison:

Thermax vs BALU FORGE Share Price Performance

Period Thermax BALU FORGE S&P BSE CAPITAL GOODS
1-Day 0.19% 3.44% 1.54%
1-Month 17.14% -7.59% 6.83%
1-Year 90.29% 135.44% 81.99%
3-Year CAGR 46.46% -0.82% 42.24%
5-Year CAGR 33.58% 28.27% 27.08%

* Compound Annual Growth Rate

Here are more details on the Thermax share price and the BALU FORGE share price.

Moving on to shareholding structures...

The promoters of Thermax hold a 62.0% stake in the company. In case of BALU FORGE the stake stands at 56.1%.

To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of Thermax and the shareholding pattern of BALU FORGE.

Finally, a word on dividends...

In the most recent financial year, Thermax paid a dividend of Rs 10.0 per share. This amounted to a Dividend Payout ratio of 26.4%.

BALU FORGE paid Rs 0.0, and its dividend payout ratio stood at 0.0%.

You may visit here to review the dividend history of Thermax, and the dividend history of BALU FORGE.

For a sector overview, read our engineering sector report.



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