CHART PATTERN: FALLING WEDGE
9 DAYS MOVING AVERAGE: RED LINE
21 DAYS MOVING AVERAGE: BLUE LINE
SUPER TREND: BUYING SIGNAL
Let’s have a complete understanding of Thermax Ltd.
Thermax Ltd has its headquarters in Pune, India and is an INR 5,831 Cr. (822 Million US$) company.
Thermax Ltd has a wide portfolio which includes products of heating, cooling, water and waste management, and specialty chemicals.
The company has 29 international offices and 14 manufacturing facilities.
Out of 14 manufacturing facilities, 10 are in India and remaining 4 are present in different parts of the world.
Thermax Ltd has expanded itself in 88 countries and has a great sales and services network in Asia, South East Asia, Africa, Middle East as well as in America.
The company has 7 domestic subsidiaries which are fully owned by this group and there are 21 overseas subsidiaries.
KEY BUSINESS POINTS
Thermax Ltd developed its state of the art manufacturing facility in Andhra Pradesh on January 21, 2019.
The company also developed a manufacturing facility in Indonesia in 2017.
A largest plant is developed by the company in Rajasthan to generate power from cement waste heat.
An export contract of $157 million was won by the company in the year 2017 from an African conglomerate for its refinery project in Nigeria.
In the year 2012, Thermax Ltd acquired Rifox which was a strategic decision to enhance their steam engineering business.
For solar power generation in India, the company partnered with Amonix Inc in the year 2011 to offer concentrated photovoltaic systems.
To generate energy from waste, Thermax Ltd signed a technology transfer agreement with Lambion.
Now, coming to the financials of the Thermax share price.
FINANCIAL KEY METRICS
The Market Capitalization of Thermax Ltd is ₹ 16,722 Cr.
Thermax Ltd has a price to earnings ratio of 56.4 which is greater than the industry price to earnings ratio of 21 indicating that Thermax share price is high as compared to the earnings it is producing.
The return on capital employed of the Thermax share is 10.2% which is above average and shows that the company is providing decent returns on the capital invested in it.
The return on equity of Thermax share is 7.82% showcasing the company’s decent return on the investment done by their investors.
The debt to equity ratio of Thermax Ltd is 0.10 which is manageable by the company.
For the quarter ended 30-06-2021, Thermax share price reported a sales of Rs 1,052 Cr.
The sales of the company were down by almost 33% from last quarter sales of Rs 1,575 Cr.
The net profit of Thermax share price was Rs 42 Cr in the latest quarter ended 30-06-2021.
The earning per share of the company is Rs 3.56 which is as per the quarter ended 30-06-21.
SHARE HOLDING SYNOPSIS
PROMOTERS – 61.98%.
FIIs – 12.73%.
DIIs – 14.45%.
PUBLIC – 5.35%.
OTHERS – 5.49%.
Thermax Ltd stands tall at 2nd position as per the current market capitalization.
This is a brief overview of the financials of the Thermax share price which shows the dominance in their respective market.
Now, let’s deep dive into the technicality of Thermax share price.
CHART PATTERN ANALYSIS: THERMAX SHARE PRICE
If we take a closer look at the chart in a daily time frame, a falling wedge pattern is formed.
The breakout is about to be achieved and the stock has reversed almost 4 times from the support area.
For Thermax share price there is 1 target as stated in the above image.
The Thermax share price on 1st September 2021 is Rs 1,406.
MOVING AVERAGE: THERMAX SHARE PRICE
For Thermax share price analysis, we are taking 9 days and 21 days moving average.
The 9 days and 21 days moving average are trading near to each other which shows that the stock will start its upward trend in a very short span of time.
The red line indicates the 9 days moving average while blue shows the 21 days moving average.
SUPER TREND: THERMAX SHARE PRICE
The super trend is suggesting a buying signal in the 4 hour timeframe.
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