Update shared on05 Sep 2025
As both the discount rate and future P/E for Thermax remained virtually unchanged, the consensus analyst price target also held steady at ₹3647.
What's in the News
- Thermax entered a strategic partnership with HydrogenPro, securing exclusive rights in India for the supply, installation, and servicing of hydrogen electrolyser systems and announcing plans for joint technology development, manufacturing integration, and a new test station in Pune.
- The company declared a dividend of INR 14 per equity share (700%) for the financial year ended March 31, 2025.
- Price Waterhouse Chartered Accountants LLP was appointed as statutory auditors for five years, starting after the 44th AGM.
- Board meeting scheduled to approve un-audited financial results for the quarter ended June 30, 2025.
- Ms. Sangeet Hunjan was appointed as Company Secretary and Compliance Officer.
Valuation Changes
Summary of Valuation Changes for Thermax
- The Consensus Analyst Price Target remained effectively unchanged, at ₹3647.
- The Discount Rate for Thermax remained effectively unchanged, moving only marginally from 14.70% to 14.67%.
- The Future P/E for Thermax remained effectively unchanged, moving only marginally from 51.58x to 51.54x.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.