THERMAX Remains a Very Good Investment

The financial performance of Thermax for year ended 31st March 2009 company has managed to keep its head way above the water.
The company showed a 1.75% rise in total income at Rs.3303 crore. Export income, including deemed exports, increased by 35 % to Rs. 912 crore. The consolidated income of the group was lower by less than one percent at Rs. 3501 crore. Net profit rose marginally by 2% at Rs.287 crore. The Board recommended a dividend of 250% (Rs. 5 per share of face value of Rs. 2).
The fourth quarter performance indicates that things are surely improving. In Q4FY09, the company posted an income of Rs. 960 crore, up by 3% on a YoY. Net profit was up 17% at Rs.94 crore.
The Thermax group order book, after consideration of renegotiated orders, stands at Rs. 3078 crore as on March 31, 2009 compared to Rs. 2637 crore in the previous year. During the year, the company has received some prestigious orders for captive power plants, utility boilers, municipal sewage treatment and performance chemicals for the oil sector.
Clearly, things are on the upswing. It will take a while to bounce with vigour but the energy is back. Thermax remains a very good investment– as its orders to the power sector will get a fillip as it remains a priority sector for growth. Specialising in energy conservation systems and captive power projects, Thermax is likely to profit from the growing importance for energy management among its user industries. stay invested. thanks