THERMAX LTD.

Report DateResearch houseDescriptionRecoAt PriceTarget PriceUpSide
/DownSide
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7-Feb-22 Motilal Oswal Earnings miss due to margin deterioration Neutral 2038 1875 -8
9-Aug-21 Motilal Oswal Margin-led earnings miss; order inflows robust Neutral 1362 1215 -10.79
5-Feb-21 Isec Steady execution aided by environment segment… Buy 1150 1310 13.91
4-Feb-21 Motilal Oswal Revenue in line; order inflows key to future outlook 1210 1100 -9.09
19-Jun-20 Motilal Oswal Superior working capital management; Outlook remains weak Buy 751 757 0.8

Upcoming Events and Recent Updates

Download 01-Sep-25
Management Interview - Ashish Bhandari,MD & CEO - Thermax Group's Growth Roadmap, Moving Past Execution Challenges? Govt's Capex Push To Aid Thermax?  ( updated on Sep 01 2025)

Analyst Calls / Meets


Management Interviews

01-Sep-25 Ashish Bhandari..  
01-Aug-25 Ashish Bhandari..  
07-Feb-25 Ashish Bhandari..  
14-Nov-24 Ashish Bhandari..  
13-Sep-24 Ashish Bhandari..  

Investor Presentations

01-Aug-25 Investor/Anal...
15-May-25 Investor/Anal...
07-Feb-25 Investor/Anal...
14-Nov-24 Investor/Anal...
02-Aug-24 Investor/Anal...

Annual Reports
Source: Reportjunction.com

2024-25  
2023-24  
2022-23  
2021-22  
2020-21  

Research Showcase

07-Feb-22
Motilal Oswal -..
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09-Aug-21
Motilal Oswal -..
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05-Feb-21
Isec - Quarter ..
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04-Feb-21
Motilal Oswal -..
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19-Jun-20
Motilal Oswal -..
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Results

01-Aug-25 Results
15-May-25 Results
04-Feb-25 Results
14-Nov-24 Results
02-Aug-24 Results

AGM/EGM/Board Meetings

12-Aug-20 - AGM
12-Aug-20 - Quarterly Results
18-Jun-20 - Thermax
13-Nov-19 - Quarterly Results
08-Aug-19 - Quarterly Results

Press Release

01-Aug-25 Press Release
14-Nov-24 Press Release
02-Aug-24 Press Release
12-Feb-24 Press Release
06-Nov-23 Press Release