Whalesbook
Results ne kiya expect se better perform!
Sabse pehle toh numbers dekh lo! Thermax Ltd. ne March end wale quarter mein kamaal kar diya. Unka net profit 18.7% badh kar ₹244.3 crore ho gaya, jo analyst log ₹219 crore expect kar rahe the. Revenue bhi 12.5% jump karke ₹3,428 crore tak pahunch gaya, forecast ₹3,277 crore ka tha. EBITDA bhi 24.9% badha aur margin bhi 10.9% ho gaya.
Order Book mein lagi tez raftaar!
Is quarter mein company ki order book bhi kaafi solid rahi. March tak yeh ₹13,604 crore par pahunch gayi, jo last year se 27% zyada hai. Aur naye orders toh 112% badh gaye, ₹4,490 crore ke! Isme sabse bada deal tha ₹1,600 crore ka boiler package contract ek bade thermal power plant ke liye.
Valuation ka thoda 'puzzle'!
Ab baat karte hain valuation ki. Company ka P/E ratio lagbhag 67-73 ke beech hai. Yeh BHEL jaise competitors ke 4.0x ke saamne kaafi high lagta hai. Matlab, company mein bahut growth ki umeed hai, par yeh level maintain karna mushkil ho sakta hai, khaas kar jab energy sector change ho raha hai.
Analyst targets de rahe hain warning?
Aur sabse interesting baat yeh hai ki itne acche results ke baad bhi, 20 analysts ke average 12-month price target ₹3,471.50 ke aas paas hain. Yeh current market price ₹4,200 se lagbhag 14% kam hai. Iska matlab analysts ko dikh raha hai ki haan results acche hain, par future mein kuch challenges aa sakte hain.
Aage kya hoga? Risks aur Outlook
Company government policies, commodity prices aur green energy shift se affected hoti hai. Thermax thermal power projects par abhi bhi dependent hai, par renewable energy mein bhi opportunity hai. Board ne ₹20 per share ka dividend bhi recommend kiya hai. Management ko next fiscal mein double-digit order book growth ki ummeed hai, khaas kar petrochemicals aur steel sector se. Par investors ko high valuation aur analyst targets ko dekh kar thoda caution rakhna padega.