Thermax in spotlight ahead of results

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 30/10/2009 | 12:00 AM IST

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Capital Market

Friday, October 30, 2009 (New Delhi)

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Meanwhile, the BSE Sensex was down 105.08 points, or 0.65%, to 15947.64.

On BSE, 22,430 shares were traded in the counter as against an average daily volume of 31,705 shares in the past one quarter.

The stock hit a high of Rs 567.80 and a low of Rs 526 so far during the day. The stock had hit a 52-week high of Rs 609 on 14 October 2009 and a 52-week low of Rs 150.50 on 3 December 2008.

The stock had outperformed the market over the past one month till 29 October 2009, falling 4.08% as compared to the Sensex 4.75% fall. It outperformed the market in past one quarter, soaring 19.27% as against 5.79% rise in the Sensex.

The mid-cap engineering company has an equity capital of Rs 23.83 crore. Face value per share is Rs 2.

The current price of Rs 550 discounts the company's Q1 June 2009 annualised EPS of Rs 15.61, by a PE multiple of 35.23.

Thermax's net profit fell 27% to Rs 46.49 crore on a 26.2% decline in sales to Rs 522.77 crore in Q1 June 2009 over Q1 June 2008.

The company's order backlog of Rs 3426 crore as on 30 June 2009 is 0.98 times its consolidated sales of Rs 3,481.52 in the year ended March 2009.

Thermax India manufactures equipment and machinery used to both produce and to conserve energy. The company operates through a number of divisions, including boilers, heat recovery steam generators, water treatment plants and air pollution control equipment. In addition, Thermax produces steam and gas turbines and diesel gensets through a number of strategic alliances.

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