Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 8510.74 Crore) operating in Engineering sector.
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 664.94 Crore, down 49.74 % from last quarter Sales of Rs 1322.96 Crore and down 52.25 % from last year same quarter Sales of Rs 1392.45 Crore. The Company reported net profit after tax of Rs -15.27 Crore in latest quarter.
The brokerage feels weak order backlog and still weak private capex are likely to hurt Thermax. Key things to watch out for: Order inflow trends and commentary on medium-term outlook
Promoters held 61.98 per cent stake in the company as of March 31, 2020, while FIIs held 7.77 per cent, DIIs 17.48 per cent and public & others 12.67 per cent.