Thermax Future Growth
Future criteria checks 2/6
Thermax is forecast to grow earnings and revenue by 17.3% and 14.9% per annum respectively. EPS is expected to grow by 16.5% per annum. Return on equity is forecast to be 17.1% in 3 years.
Key information
17.3%
Earnings growth rate
16.5%
EPS growth rate
| Machinery earnings growth | 17.2% |
| Revenue growth rate | 14.9% |
| Future return on equity | 17.1% |
| Analyst coverage | Good |
| Last updated | 15 Nov 2024 |
Recent future growth updates
Recent updates
The Returns At Thermax (NSE:THERMAX) Aren't Growing
Nov 09
Thermax Limited's (NSE:THERMAX) Share Price Matching Investor Opinion
Oct 13Thermax Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 04Thermax (NSE:THERMAX) Has Some Way To Go To Become A Multi-Bagger
Aug 02Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 02Thermax (NSE:THERMAX) Has Some Way To Go To Become A Multi-Bagger
May 03Revenues Tell The Story For Thermax Limited (NSE:THERMAX) As Its Stock Soars 26%
Apr 06Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Mar 24Thermax Limited's (NSE:THERMAX) Share Price Matching Investor Opinion
Jan 08Thermax (NSE:THERMAX) Seems To Use Debt Quite Sensibly
Dec 17Here's What To Make Of Thermax's (NSE:THERMAX) Decelerating Rates Of Return
Nov 26These 4 Measures Indicate That Thermax (NSE:THERMAX) Is Using Debt Safely
Sep 14Here's What To Make Of Thermax's (NSE:THERMAX) Decelerating Rates Of Return
Aug 19We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
May 19Returns On Capital At Thermax (NSE:THERMAX) Have Hit The Brakes
Feb 19Thermax (NSE:THERMAX) Could Easily Take On More Debt
Jan 02Returns On Capital At Thermax (NSE:THERMAX) Paint A Concerning Picture
Nov 09Capital Allocation Trends At Thermax (NSE:THERMAX) Aren't Ideal
Aug 11Thermax's (NSE:THERMAX) Upcoming Dividend Will Be Larger Than Last Year's
Jul 14Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 03Thermax (NSE:THERMAX) Hasn't Managed To Accelerate Its Returns
Apr 28Thermax (NSE:THERMAX) Could Easily Take On More Debt
Mar 29Thermax (NSE:THERMAX) Has More To Do To Multiply In Value Going Forward
Jan 22We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
Dec 24Thermax (NSE:THERMAX) Is Reinvesting At Lower Rates Of Return
Oct 22Thermax (NSE:THERMAX) Seems To Use Debt Rather Sparingly
Sep 21We Think Thermax (NSE:THERMAX) Can Stay On Top Of Its Debt
Jun 04Returns On Capital At Thermax (NSE:THERMAX) Paint A Concerning Picture
Mar 08Can Mixed Fundamentals Have A Negative Impact on Thermax Limited (NSE:THERMAX) Current Share Price Momentum?
Jan 21Reflecting on Thermax's (NSE:THERMAX) Share Price Returns Over The Last Three Years
Jan 06Thermax (NSE:THERMAX) Has A Pretty Healthy Balance Sheet
Dec 22
How Well Is Thermax (NSE:THERMAX) Allocating Its Capital?
Dec 08Here's Why We Think Thermax's (NSE:THERMAX) Statutory Earnings Might Be Conservative
Nov 23Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2027 | 146,940 | 11,397 | 7,884 | 11,422 | 16 |
| 3/31/2026 | 125,111 | 9,278 | 5,236 | 9,065 | 18 |
| 3/31/2025 | 106,567 | 7,251 | 3,438 | 6,995 | 14 |
| 9/30/2024 | 98,840 | 7,415 | -3,299 | 5,889 | N/A |
| 6/30/2024 | 95,749 | 7,022 | N/A | N/A | N/A |
| 3/31/2024 | 93,235 | 6,453 | -5,966 | 2,473 | N/A |
| 12/31/2023 | 88,706 | 6,109 | N/A | N/A | N/A |
| 9/30/2023 | 85,955 | 4,988 | -4,914 | 5,083 | N/A |
| 6/30/2023 | 83,683 | 4,513 | N/A | N/A | N/A |
| 3/31/2023 | 80,898 | 4,503 | -2,047 | 4,596 | N/A |
| 12/31/2022 | 77,709 | 3,968 | N/A | N/A | N/A |
| 9/30/2022 | 73,364 | 3,501 | 937 | 2,495 | N/A |
| 6/30/2022 | 67,305 | 3,289 | N/A | N/A | N/A |
| 3/31/2022 | 61,283 | 3,123 | 2,409 | 3,247 | N/A |
| 12/31/2021 | 57,109 | 3,171 | N/A | N/A | N/A |
| 9/30/2021 | 55,068 | 3,209 | 4,878 | 5,646 | N/A |
| 6/30/2021 | 51,787 | 2,643 | N/A | N/A | N/A |
| 3/31/2021 | 47,913 | 2,066 | 6,861 | 7,695 | N/A |
| 12/31/2020 | 45,397 | 1,383 | N/A | N/A | N/A |
| 9/30/2020 | 45,392 | 1,400 | 5,826 | 6,560 | N/A |
| 6/30/2020 | 50,038 | 1,344 | N/A | N/A | N/A |
| 3/31/2020 | 57,313 | 2,125 | 2,776 | 3,256 | N/A |
| 12/31/2019 | 64,820 | 3,003 | N/A | N/A | N/A |
| 9/30/2019 | 65,086 | 2,904 | -194 | 319 | N/A |
| 6/30/2019 | 63,304 | 3,392 | N/A | N/A | N/A |
| 3/31/2019 | 59,732 | 3,254 | -2,701 | -1,154 | N/A |
| 12/31/2018 | 53,425 | 2,742 | N/A | N/A | N/A |
| 9/30/2018 | 50,229 | 2,578 | N/A | N/A | N/A |
| 6/30/2018 | 46,283 | 2,405 | N/A | N/A | N/A |
| 3/31/2018 | 44,649 | 2,321 | N/A | 5,336 | N/A |
| 12/31/2017 | 45,123 | 1,971 | N/A | N/A | N/A |
| 9/30/2017 | 43,393 | 1,933 | N/A | N/A | N/A |
| 6/30/2017 | 43,758 | 2,147 | N/A | N/A | N/A |
| 3/31/2017 | 44,831 | 2,230 | N/A | 3,346 | N/A |
| 12/31/2016 | 48,321 | 2,896 | N/A | N/A | N/A |
| 9/30/2016 | 51,036 | 2,891 | N/A | N/A | N/A |
| 6/30/2016 | 52,730 | 2,697 | N/A | N/A | N/A |
| 3/31/2016 | 51,450 | 2,823 | N/A | 2,526 | N/A |
| 12/31/2015 | 53,548 | 2,659 | N/A | N/A | N/A |
| 9/30/2015 | 56,218 | 2,803 | N/A | N/A | N/A |
| 6/30/2015 | 56,373 | 2,502 | N/A | N/A | N/A |
| 3/31/2015 | 53,044 | 2,098 | N/A | 3,108 | N/A |
| 12/31/2014 | 52,873 | 2,074 | N/A | N/A | N/A |
| 9/30/2014 | 51,947 | 2,120 | N/A | N/A | N/A |
| 6/30/2014 | 50,583 | 2,104 | N/A | N/A | N/A |
| 3/31/2014 | 50,999 | 2,460 | N/A | 3,213 | N/A |
| 12/31/2013 | 51,821 | 2,551 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THERMAX's forecast earnings growth (17.3% per year) is above the savings rate (6.7%).
Earnings vs Market: THERMAX's earnings (17.3% per year) are forecast to grow slower than the Indian market (17.9% per year).
High Growth Earnings: THERMAX's earnings are forecast to grow, but not significantly.
Revenue vs Market: THERMAX's revenue (14.9% per year) is forecast to grow faster than the Indian market (10.5% per year).
High Growth Revenue: THERMAX's revenue (14.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: THERMAX's Return on Equity is forecast to be low in 3 years time (17.1%).