9,752 crore order book: Shares of this multibagger company zoomed over 3 per cent on outstanding results; declares stellar dividend!
The company has declared a final dividend of 500 per cent; know the record date!
Thermax Ltd, a leading electrical equipment company announced its Quarterly Results and annual results for the year ended March 31, 2023. Details Below:
Quarterly Results: The net sales increased by 16.02 per cent and the net profit increased by 51.46 per cent with EPS of Rs 13.09 in Q4FY23 compared to Q4FY22.
Annual Results: The net sales increased by 32.02 per cent and the net profit increased by 44.55 per cent with EPS of Rs 4.06 in FY23 compared to FY22. The company has an order book of Rs 9,752 crore for FY23, up 11 per cent compared to the order book of Rs 8,812 crore in FY22.
Additionally, the company has declared a final dividend of 500 per cent or Rs 10 per share of the face value of Rs 2 fully paid for the year ended March 21, 2023. The company verified the record date as Friday, July 21, 2023.
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Today, shares of Thermax zoomed 3.55 per cent to an intraday high of Rs 2,550.85 per share from its previous closing of Rs 2,463.15. At 03:30 pm the shares of the company ended the day lower, down 7.43 per cent to Rs 2,280.15 because investors were booking profit post-March results with a spurt in volume by more than 16.05 times on BSE.
Thermax Ltd offers solutions to the energy, environment and chemical sectors. The company’s portfolio includes boilers and heaters, power plants, solar equipment, air pollution control equipment/system, water and waste recycling plant and related services.
According to finances, this Large-Cap company has a market cap of Rs 27,170 crore. In the past 1 year, the stock gave 15 per cent and in 3 years the stock gave multibagger returns of 110 per cent. Investors should keep a close eye on this large-cap stock.