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THERMAX vs ION EXCHANGE - Comparison Results

Rs 100 invested in...

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Current Valuations

    THERMAX ION EXCHANGE THERMAX/
ION EXCHANGE
 
P/E (TTM) x 92.6 39.7 233.0% View Chart
P/BV x 14.7 9.6 152.1% View Chart
Dividend Yield % 0.2 0.2 92.1%  

Financials

 THERMAX   ION EXCHANGE
EQUITY SHARE DATA
    THERMAX
Mar-23
ION EXCHANGE
Mar-23
THERMAX/
ION EXCHANGE
5-Yr Chart
Click to enlarge
High Rs2,679355 755.3%   
Low Rs1,830150 1,219.7%   
Sales per share (Unadj.) Rs678.91,398.2 48.6%  
Earnings per share (Unadj.) Rs37.8137.0 27.6%  
Cash flow per share (Unadj.) Rs47.6157.5 30.3%  
Dividends per share (Unadj.) Rs10.001.25 800.0%  
Avg Dividend yield %0.40.5 89.5%  
Book value per share (Unadj.) Rs324.4585.7 55.4%  
Shares outstanding (eoy) m119.1614.23 837.4%   
Bonus / Rights / Conversions 00-  
Price / Sales ratio x3.30.2 1,840.0%   
Avg P/E ratio x59.61.8 3,236.5%  
P/CF ratio (eoy) x47.31.6 2,953.5%  
Price / Book Value ratio x6.90.4 1,613.2%  
Dividend payout %26.40.9 2,898.1%   
Avg Mkt Cap Rs m268,6293,590 7,481.7%   
No. of employees `000NANA-   
Total wages/salary Rs m9,5422,363 403.9%   
Avg. sales/employee Rs Th00-  
Avg. wages/employee Rs Th00-  
Avg. net profit/employee Rs Th00-  
INCOME DATA
Net Sales Rs m80,89819,896 406.6%  
Other income Rs m1,602411 390.0%   
Total revenues Rs m82,50020,307 406.3%   
Gross profit Rs m5,9732,588 230.8%  
Depreciation Rs m1,169291 401.8%   
Interest Rs m376121 311.9%   
Profit before tax Rs m6,0312,587 233.1%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m1,524637 239.0%   
Profit after tax Rs m4,5071,950 231.2%  
Gross profit margin %7.413.0 56.8%  
Effective tax rate %25.324.6 102.5%   
Net profit margin %5.69.8 56.9%  
BALANCE SHEET DATA
Current assets Rs m60,72316,279 373.0%   
Current liabilities Rs m44,09210,514 419.4%   
Net working cap to sales %20.629.0 70.9%  
Current ratio x1.41.5 88.9%  
Inventory Days Days1078 1,331.8%  
Debtors Days Days81,278 0.6%  
Net fixed assets Rs m26,4983,006 881.4%   
Share capital Rs m225142 158.3%   
"Free" reserves Rs m38,4308,193 469.1%   
Net worth Rs m38,6568,335 463.8%   
Long term debt Rs m4,225157 2,695.3%   
Total assets Rs m87,30019,285 452.7%  
Interest coverage x17.022.5 75.9%   
Debt to equity ratio x0.10 581.2%  
Sales to assets ratio x0.91.0 89.8%   
Return on assets %5.610.7 52.1%  
Return on equity %11.723.4 49.8%  
Return on capital %14.931.9 46.9%  
Exports to sales %17.820.5 86.8%   
Imports to sales %5.59.9 55.1%   
Exports (fob) Rs m14,3704,070 353.1%   
Imports (cif) Rs m4,4201,972 224.1%   
Fx inflow Rs m14,3704,070 353.1%   
Fx outflow Rs m4,4201,972 224.1%   
Net fx Rs m9,9502,098 474.3%   
CASH FLOW
From Operations Rs m4,596627 732.6%  
From Investments Rs m-6,797-404 1,682.1%  
From Financial Activity Rs m3,485-153 -2,276.4%  
Net Cashflow Rs m1,44363 2,298.3%  

Share Holding

Indian Promoters % 62.0 25.1 246.5%  
Foreign collaborators % 0.0 1.2 -  
Indian inst/Mut Fund % 28.1 17.8 157.3%  
FIIs % 12.2 5.6 217.4%  
ADR/GDR % 0.0 0.0 -  
Free float % 38.0 73.6 51.6%  
Shareholders   40,819 75,497 54.1%  
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 ION EXCHANGE

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

Here's a brief comparison:

Thermax vs ION EXCHANGE Share Price Performance

Period Thermax ION EXCHANGE S&P BSE CAPITAL GOODS
1-Day 0.48% -1.94% -1.12%
1-Month 32.48% 22.99% 7.31%
1-Year 114.44% 62.68% 71.88%
3-Year CAGR 53.07% 65.16% 45.09%
5-Year CAGR 37.34% 68.61% 27.11%

* Compound Annual Growth Rate

Here are more details on the Thermax share price and the ION EXCHANGE share price.

Moving on to shareholding structures...

The promoters of Thermax hold a 62.0% stake in the company. In case of ION EXCHANGE the stake stands at 26.4%.

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 ION EXCHANGE.

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%.

ION EXCHANGE paid Rs 1.3, and its dividend payout ratio stood at 0.9%.

You may visit here to review the dividend history of Thermax, and the dividend history of ION EXCHANGE.

For a sector overview, read our engineering sector report.



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