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Compare Thermax Ltd with Voltas - Equitymaster

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THERMAX vs VOLTAS - 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


Voltas, a Tata group company, is a major player in the electro-mechanical engineering


Current Valuations

P/E (TTM) x 38.3 34.7 110.2% View Chart
P/BV x 4.6 5.0 91.4% View Chart
Dividend Yield % 0.6 0.7 85.0%  


5-Yr Chart
Click to enlarge
High Rs1,375675 203.7%   
Low Rs835401 208.1%   
Sales per share (Unadj.) Rs374.7193.6 193.6%  
Earnings per share (Unadj.) Rs19.417.5 111.0%  
Cash flow per share (Unadj.) Rs26.318.2 144.6%  
Dividends per share (Unadj.) Rs6.004.00 150.0%  
Dividend yield (eoy) %0.50.7 73.0%  
Book value per share (Unadj.) Rs227.8118.0 193.0%  
Shares outstanding (eoy) m119.16330.88 36.0%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x2.92.8 106.1%   
Avg P/E ratio x57.030.8 184.9%  
P/CF ratio (eoy) x42.029.6 142.0%  
Price / Book Value ratio x4.94.6 106.4%  
Dividend payout %30.922.9 135.1%   
Avg Mkt Cap Rs m131,678178,063 74.0%   
No. of employees `0003.79.1 40.3%   
Total wages/salary Rs m6,9665,867 118.7%   
Avg. sales/employee Rs Th12,185.87,037.0 173.2%   
Avg. wages/employee Rs Th1,901.1644.7 294.9%   
Avg. net profit/employee Rs Th630.7635.0 99.3%   
Net Sales Rs m44,64964,044 69.7%  
Other income Rs m1,1641,741 66.8%   
Total revenues Rs m45,81365,785 69.6%   
Gross profit Rs m4,0096,626 60.5%  
Depreciation Rs m824244 338.6%   
Interest Rs m129119 107.8%   
Profit before tax Rs m4,2208,005 52.7%   
Minority Interest Rs m-25238 -662.9%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m06 0.0%   
Tax Rs m1,6582,270 73.0%   
Profit after tax Rs m2,3115,779 40.0%  
Gross profit margin %9.010.3 86.8%  
Effective tax rate %39.328.4 138.5%   
Net profit margin %5.29.0 57.4%  
Current assets Rs m41,01645,975 89.2%   
Current liabilities Rs m30,78732,712 94.1%   
Net working cap to sales %22.920.7 110.6%  
Current ratio x1.31.4 94.8%  
Inventory Days Days3046 64.7%  
Debtors Days Days10289 113.6%  
Net fixed assets Rs m10,7612,193 490.7%   
Share capital Rs m225331 68.1%   
"Free" reserves Rs m26,92238,721 69.5%   
Net worth Rs m27,14739,052 69.5%   
Long term debt Rs m5300-   
Total assets Rs m59,45073,097 81.3%  
Interest coverage x33.868.2 49.7%   
Debt to equity ratio x00-  
Sales to assets ratio x0.80.9 85.7%   
Return on assets %4.18.1 50.9%  
Return on equity %8.514.8 57.5%  
Return on capital %14.820.9 70.8%  
Exports to sales %00-   
Imports to sales %014.1 0.0%   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNA9,030 0.0%   
Fx inflow Rs m5,4501,849 294.8%   
Fx outflow Rs m09,051 0.0%   
Net fx Rs m5,450-7,202 -75.7%   
From Operations Rs m5,3363,253 164.0%  
From Investments Rs m-5,311-1,992 266.6%  
From Financial Activity Rs m-203-1,814 11.2%  
Net Cashflow Rs m67-553 -12.2%  

Share Holding

Indian Promoters % 62.0 30.2 205.3%  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 6.8 25.4 26.8%  
FIIs % 16.6 18.6 89.2%  
ADR/GDR % 0.0 0.0 -  
Free float % 14.6 25.9 56.4%  
Shareholders   26,803 134,810 19.9%  
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.)  

Today's Market

Sensex Ends 491 Points Lower; Metal and Energy Stocks Witness Selling(Closing)

After opening the day marginally lower, share markets in India witnessed negative trading activity throughout the day and ended deep in the red.

Related Views on News

THERMAX Announces Quarterly Results (4QFY19); Net Profit Up 37.0% (Quarterly Result Update)

May 27, 2019 | Updated on May 27, 2019

For the quarter ended March 2019, THERMAX has posted a net profit of Rs 1 bn (up 37.0% YoY). Sales on the other hand came in at Rs 21 bn (up 43.7% YoY). Read on for a complete analysis of THERMAX's quarterly results.

VOLTAS Announces Quarterly Results (4QFY19); Net Profit Down 17.5% (Quarterly Result Update)

May 10, 2019 | Updated on May 10, 2019

For the quarter ended March 2019, VOLTAS has posted a net profit of Rs 2 bn (down 17.5% YoY). Sales on the other hand came in at Rs 21 bn (up 0.7% YoY). Read on for a complete analysis of VOLTAS's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

VOLTAS Announces Quarterly Results (3QFY19); Net Profit Up 8.4% (Quarterly Result Update)

Feb 19, 2019 | Updated on Feb 19, 2019

For the quarter ended December 2018, VOLTAS has posted a net profit of Rs 1 bn (up 8.4% YoY). Sales on the other hand came in at Rs 15 bn (up 8.5% YoY). Read on for a complete analysis of VOLTAS's quarterly results.

THERMAX LTD Announces Quarterly Results (3QFY19); Net Profit Up 29.9% (Quarterly Result Update)

Feb 11, 2019 | Updated on Feb 11, 2019

For the quarter ended December 2018, THERMAX LTD has posted a net profit of Rs 757 m (up 29.9% YoY). Sales on the other hand came in at Rs 14 bn (up 28.6% YoY). Read on for a complete analysis of THERMAX LTD's quarterly results.

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Jun 17, 2019 (Close)


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