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THERMAX vs SIEMENS - Comparison Results

THERMAX     Change

Thermax Limited operates in a niche segment of the engineering sector, providing solutions in the energy and environment space. The company's key strengths lie in providing solutions for captive power plants and boilers for industrial customers acros... More


Siemens India is a subsidiary of the US$ 110 bn German engineering behemoth Siemens AG, one of the largest engineering companies in the world. It operates in segments such as power (manufacturing generation and T&D equipments) and industrial solution... More


Current Valuations

P/E (TTM) x 39.2 59.9 65.4% View Chart
P/BV x 4.4 6.7 65.6% View Chart
Dividend Yield % 0.6 0.4 140.5%  


5-Yr Chart
Click to enlarge
High Rs1,1981,330 90.1%   
Low Rs873873 100.0%   
Sales per share (Unadj.) Rs501.3359.3 139.5%  
Earnings per share (Unadj.) Rs27.325.3 107.9%  
Cash flow per share (Unadj.) Rs35.030.9 113.5%  
Dividends per share (Unadj.) Rs7.007.00 100.0%  
Dividend yield (eoy) %0.70.6 106.4%  
Book value per share (Unadj.) Rs253.0233.0 108.6%  
Shares outstanding (eoy) m119.16356.12 33.5%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x2.13.1 67.4%   
Avg P/E ratio x37.943.5 87.1%  
P/CF ratio (eoy) x29.635.7 82.8%  
Price / Book Value ratio x4.14.7 86.6%  
Dividend payout %25.627.7 92.7%   
Avg Mkt Cap Rs m123,396392,284 31.5%   
No. of employees `0003.79.5 38.8%   
Total wages/salary Rs m7,67514,573 52.7%   
Avg. sales/employee Rs Th16,302.313,537.1 120.4%   
Avg. wages/employee Rs Th2,094.61,541.8 135.9%   
Avg. net profit/employee Rs Th888.2953.4 93.2%   
Net Sales Rs m59,732127,953 46.7%  
Other income Rs m1,4992,801 53.5%   
Total revenues Rs m61,231130,754 46.8%   
Gross profit Rs m4,57413,273 34.5%  
Depreciation Rs m9201,977 46.5%   
Interest Rs m14382 174.6%   
Profit before tax Rs m5,01014,015 35.7%   
Minority Interest Rs m-110-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m-8950-   
Tax Rs m8495,003 17.0%   
Profit after tax Rs m3,2549,012 36.1%  
Gross profit margin %7.710.4 73.8%  
Effective tax rate %17.035.7 47.5%   
Net profit margin %5.47.0 77.4%  
Current assets Rs m47,371110,179 43.0%   
Current liabilities Rs m36,53857,615 63.4%   
Net working cap to sales %18.141.1 44.1%  
Current ratio x1.31.9 67.8%  
Inventory Days Days3133 94.7%  
Debtors Days Days84105 80.4%  
Net fixed assets Rs m13,52013,079 103.4%   
Share capital Rs m225712 31.6%   
"Free" reserves Rs m29,91882,277 36.4%   
Net worth Rs m30,14382,989 36.3%   
Long term debt Rs m3510-   
Total assets Rs m67,999143,363 47.4%  
Interest coverage x36.0171.9 20.9%   
Debt to equity ratio x00-  
Sales to assets ratio x0.90.9 98.4%   
Return on assets %5.06.3 78.8%  
Return on equity %10.810.9 99.4%  
Return on capital %13.917.0 82.0%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m10,10020,159 50.1%   
Fx outflow Rs m046,177 0.0%   
Net fx Rs m10,100-26,018 -38.8%   
From Operations Rs m-1,154998 -115.7%  
From Investments Rs m2,655-767 -346.2%  
From Financial Activity Rs m-654-3,053 21.4%  
Net Cashflow Rs m852-2,814 -30.3%  

Share Holding

Indian Promoters % 62.0 0.0 -  
Foreign collaborators % 0.0 75.0 -  
Indian inst/Mut Fund % 6.8 9.1 74.7%  
FIIs % 16.6 4.4 377.3%  
ADR/GDR % 0.0 0.0 -  
Free float % 14.6 11.5 127.0%  
Shareholders   26,803 119,665 22.4%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster


Compare THERMAX With:   ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  DONGFANG ELEC. (China)  ABB (Switz.)  

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SIEMENS 2017-18 Annual Report Analysis (Annual Result Update)

Sep 24, 2019 | Updated on Sep 24, 2019

Here's an analysis of the annual report of SIEMENS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SIEMENS. Also includes updates on the valuation of SIEMENS.

THERMAX 2018-19 Annual Report Analysis (Annual Result Update)

Sep 19, 2019 | Updated on Sep 19, 2019

Here's an analysis of the annual report of THERMAX for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of THERMAX. Also includes updates on the valuation of THERMAX.

THERMAX Announces Quarterly Results (1QFY20); Net Profit Up 29.0% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, THERMAX has posted a net profit of Rs 628 m (up 29.0% YoY). Sales on the other hand came in at Rs 14 bn (up 34.5% YoY). Read on for a complete analysis of THERMAX's quarterly results.

SIEMENS Announces Quarterly Results (1QFY20); Net Profit Up 21.4% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, SIEMENS has posted a net profit of Rs 2 bn (up 21.4% YoY). Sales on the other hand came in at Rs 32 bn (up 4.1% YoY). Read on for a complete analysis of SIEMENS's quarterly results.

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