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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Thermax Limited    THERMAX   INE152A01029

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Thermax : bags export contract of USD 43 million

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09/14/2017 | 09:37am CET

The Thermax Group has won a contract worth USD 43 million (Rs 276 crore approximately) from a leading cement company in the UAE for a turnkey captive power plant. The Thermax Group has won a contract worth USD 43 million (Rs 276 crore approximately) from a leading cement company in the UAE for a turnkey captive power plant.

The scope of supply includes design, engineering, manufacturing, construction and commissioning of the solid fuel-based power plant with two CFBC boilers. Thermax also would be supplying emission control equipment and water treatment plant for the project, to be commissioned within 18 months, said the company in a BSE filing on Wednesday post market hours.

“This is the first EPC order that Thermax will be executing for a GCC (Gulf Co-operation Council) country. We intend to expand our footprint in this region where we have been providing business solutions,” said MS Unnikrishnan, Thermax MD and CEO.

Thermax was trading at Rs 921 per share, up by Rs 22.45 or 2.50% in the pre-opening session on Thursday, on the BSE.

Thermax Limited is engaged in the business of manufacture and sale of boilers, heating and cooling equipment, industrial chemicals, and water and waste management equipment.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2018 47 829 M
EBIT 2018 4 044 M
Net income 2018 3 141 M
Finance 2018 856 M
Yield 2018 0,74%
P/E ratio 2018 38,75
P/E ratio 2019 31,29
EV / Sales 2018 2,41x
EV / Sales 2019 2,06x
Capitalization 116 B
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Technical analysis trends THERMAX LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 34
Average target price 913  INR
Spread / Average Target -11%
EPS Revisions
Managers
NameTitle
Mangalath Sukumara P Unnikrishnan Chief Executive Officer, Executive Director & MD
Meher Pheroz Pudumjee Non-Executive Chairman
Amitabha Mukhopadhyay Chief Financial Officer & Executive Vice President
R. R. Sonde Executive VP-Research, Technology & Innovation
Raghunath Anant Mashelkar Independent Director
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