Shares of this BSE 500 company delivered over 150% return to its investors in the last 2.5 years!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 629 Views
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An investment of Rs 1 lakh in the shares of this company 2.5 years ago would have turned to Rs 2.73 lakh today.

Thermax Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders within the last 2.5 years. During this period, the company’s share price jumped from Rs 750.45 on 21 September 2020 to Rs 2049.45 on 17 February 2023, an increase of 173% within the 2.5-year holding period.

An investment of Rs 1 lakh in the shares of this company 2.5 years ago would have turned to Rs 2.73 lakh today.

Quarterly Performance

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 30.8% YoY to Rs 1330.7 crore. Similarly, the bottom line increased by 129.50% YoY to Rs 90 crore.

The company is currently trading at a TTM PE of 87.7x against the industry PE of 18.9x. In FY22, the company delivered an ROE & ROCE of 6.8% and 8.6%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 24,099.36 crore. 

Stock price movement of Thermax Ltd

Today, the scrip of Thermax Ltd opened at Rs 2038 and has touched a high and low of Rs 2045 and Rs 2011.20, respectively. So far 2,842 shares have been traded on the bourses.

At 12.46 pm, the shares of Thermax Ltd were trading at Rs 2026.30, a decrease of 1.13% from the previous closing price of Rs 2049.45 on BSE. The stock has a 52-week high & low of Rs 2,678.50 and Rs 1,653, respectively on BSE.

Company Profile

Thermax is a leading manufacturer of capital goods that meet the utility requirements of diverse industries globally. It is a one-stop utility partner to both industrial and commercial segments, helping customers achieve better resource productivity and bottom lines while maintaining a better environment. The company’s manufactured capital enables it to engineer sustainable solutions that fulfil customers’ needs and therefore, warrant strategic consideration and due investments.

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About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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