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Thermax Limited
Buy, Hold or Sell?

Let's analyze Thermax Limited together

I guess you are interested in Thermax Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Thermax Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Thermax Limited (30 sec.)










What can you expect buying and holding a share of Thermax Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.41
When do you have the money?
1 year
How often do you get paid?
90.0%

What is your share worth?

Current worth
INR324.62
Expected worth in 1 year
INR450.70
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR160.36
Return On Investment
3.2%

For what price can you sell your share?

Current Price per Share
INR4,940.25
Expected price per share
INR4,586 - INR5,835
How sure are you?
50%
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1. Valuation of Thermax Limited (5 min.)




Live pricePrice per Share (EOD)

INR4,940.25

Intrinsic Value Per Share

INR-407.46 - INR-218.29

Total Value Per Share

INR-82.84 - INR106.33

2. Growth of Thermax Limited (5 min.)




Is Thermax Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$460.3m$415.6m$44.6m9.7%

How much money is Thermax Limited making?

Current yearPrevious yearGrowGrow %
Making money$53.5m$37.1m$16.4m30.6%
Net Profit Margin5.6%5.1%--

How much money comes from the company's main activities?

3. Financial Health of Thermax Limited (5 min.)




4. Comparing to competitors in the Diversified Machinery industry (5 min.)




  Industry Rankings (Diversified Machinery)  

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What can you expect buying and holding a share of Thermax Limited? (5 min.)

Welcome investor! Thermax Limited's management wants to use your money to grow the business. In return you get a share of Thermax Limited.

What can you expect buying and holding a share of Thermax Limited?

First you should know what it really means to hold a share of Thermax Limited. And how you can make/lose money.

Speculation

The Price per Share of Thermax Limited is INR4,940. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Thermax Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Thermax Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR324.62. Based on the TTM, the Book Value Change Per Share is INR31.52 per quarter. Based on the YOY, the Book Value Change Per Share is INR20.23 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR8.57 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Thermax Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.450.0%0.450.0%0.310.0%0.300.0%0.270.0%
Usd Book Value Change Per Share0.380.0%0.380.0%0.240.0%0.230.0%0.390.0%
Usd Dividend Per Share0.100.0%0.100.0%0.080.0%0.090.0%0.090.0%
Usd Total Gains Per Share0.480.0%0.480.0%0.320.0%0.320.0%0.480.0%
Usd Price Per Share27.25-27.25-23.12-17.35-14.23-
Price to Earnings Ratio60.60-60.60-74.13-57.89-52.77-
Price-to-Total Gains Ratio57.12-57.12-72.36-54.99-51.58-
Price to Book Ratio7.05-7.05-6.63-5.07-4.84-
Price-to-Total Gains Ratio57.12-57.12-72.36-54.99-51.58-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share58.788975
Number of shares17
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.100.09
Usd Book Value Change Per Share0.380.23
Usd Total Gains Per Share0.480.32
Gains per Quarter (17 shares)8.115.45
Gains per Year (17 shares)32.4421.81
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
17262261612
2145154123134
3217786184756
428102118256378
5351281503178100
6421531823794122
74917921443110144
85520424649125166
96223027855141188
106925531061157210

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Dividend per Share1.00.00.0100.0%2.00.01.066.7%4.00.01.080.0%9.00.01.090.0%9.00.01.090.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
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Fundamentals of Thermax Limited

About Thermax Limited

Thermax Limited provides engineering solutions in India and internationally. It operates through three segments: Energy, Environment, and Chemical. The company offers vapor absorption chillers, heat pumps and transformers, and solar-based and process cooling products; waste heat recovery systems, industrial boilers, solar-based heating, and fired heaters; and power plants, balance of plant, and operation and maintenance services. It also provides solar thermal and photovoltaic systems; and steam boilers, thermic fluid heaters, hot water and air heaters/generators, waste HRB, and energy plants. In addition, the company offers steam accessories, such as condensate recovery systems, steam traps, pre-fabricated modules, pressure reducing stations, pressure reducing and desuper heating systems, valves, steam line mountings, boiler house products, and monitoring equipment. Further, it provides electrostatic precipitators, bag filters, particulate and gaseous scrubbers, combo filters, flue gas desulphurization, selective catalytic and non-catalytic reduction, and modular gas coolers; water and waste management systems and solutions, such as water treatment, effluent and sewage treatment and recycling, and incineration; and chemicals, such as water treatment, fireside, green, sugar industry, paper, and oil field chemicals, as well as fuel additives and ion exchange resins. Additionally, it offers energy, retrofit and revamp, utility outsourcing, and specialized services and solutions; and spares. It serves automobiles, cement, chemicals and fertilizers, commercial/construction, dairy, distillery, paper and pulp, pharmaceuticals, plywood, power generation, processed food, refineries and petrochemicals, soft beverages, metals, sugar, textiles, and tire industries. The company was founded in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

Fundamental data was last updated by Penke on 2024-07-15 01:36:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Thermax Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Thermax Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Thermax Limited to the¬†Diversified Machinery industry mean.
  • A Net Profit Margin of 5.6%¬†means that¬†₹0.06 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Thermax Limited:

  • The MRQ is 5.6%. The company is making a profit. +1
  • The TTM is 5.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.6%TTM5.6%0.0%
TTM5.6%YOY5.1%+0.5%
TTM5.6%5Y4.8%+0.7%
5Y4.8%10Y4.8%0.0%
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ5.6%9.6%-4.0%
TTM5.6%9.6%-4.0%
YOY5.1%4.4%+0.7%
5Y4.8%4.8%+0.0%
10Y4.8%4.8%+0.0%
1.1.2. Return on Assets

Shows how efficient Thermax Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Thermax Limited to the¬†Diversified Machinery industry mean.
  • 5.1% Return on Assets means that¬†Thermax Limited generated¬†₹0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Thermax Limited:

  • The MRQ is 5.1%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.1%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.1%TTM5.1%0.0%
TTM5.1%YOY4.2%+0.9%
TTM5.1%5Y4.2%+0.9%
5Y4.2%10Y4.2%-0.1%
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ5.1%5.1%0.0%
TTM5.1%5.1%0.0%
YOY4.2%3.1%+1.1%
5Y4.2%3.6%+0.6%
10Y4.2%3.7%+0.5%
1.1.3. Return on Equity

Shows how efficient Thermax Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Thermax Limited to the¬†Diversified Machinery industry mean.
  • 11.6% Return on Equity means Thermax Limited generated ₹0.12¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Thermax Limited:

  • The MRQ is 11.6%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 11.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ11.6%TTM11.6%0.0%
TTM11.6%YOY8.9%+2.7%
TTM11.6%5Y8.9%+2.7%
5Y8.9%10Y9.6%-0.6%
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ11.6%13.8%-2.2%
TTM11.6%13.8%-2.2%
YOY8.9%9.7%-0.8%
5Y8.9%11.2%-2.3%
10Y9.6%11.6%-2.0%
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1.2. Operating Efficiency of Thermax Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Thermax Limited is operating .

  • Measures how much profit Thermax Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Thermax Limited to the¬†Diversified Machinery industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Thermax Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y3.5%-3.5%
5Y3.5%10Y5.8%-2.3%
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.5%-5.5%
TTM-5.5%-5.5%
YOY-8.9%-8.9%
5Y3.5%3.9%-0.4%
10Y5.8%5.8%+0.0%
1.2.2. Operating Ratio

Measures how efficient Thermax Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Diversified Machinery industry mean).
  • An Operation Ratio of 0.58 means that the operating costs are ₹0.58 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Thermax Limited:

  • The MRQ is 0.584. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.584. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.584TTM0.5840.000
TTM0.584YOY0.585-0.001
TTM0.5845Y0.937-0.353
5Y0.93710Y1.210-0.273
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5840.632-0.048
TTM0.5840.632-0.048
YOY0.5850.664-0.079
5Y0.9371.009-0.072
10Y1.2101.256-0.046
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1.3. Liquidity of Thermax Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Thermax Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Diversified Machinery industry mean).
  • A Current Ratio of 1.38¬†means the company has ₹1.38 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Thermax Limited:

  • The MRQ is 1.379. The company is just able to pay all its short-term debts.
  • The TTM is 1.379. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.379TTM1.3790.000
TTM1.379YOY1.261+0.118
TTM1.3795Y1.364+0.015
5Y1.36410Y1.358+0.006
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3791.488-0.109
TTM1.3791.488-0.109
YOY1.2611.353-0.092
5Y1.3641.395-0.031
10Y1.3581.478-0.120
1.3.2. Quick Ratio

Measures if Thermax Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Thermax Limited to the¬†Diversified Machinery industry mean.
  • A Quick Ratio of 1.56¬†means the company can pay off ₹1.56 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Thermax Limited:

  • The MRQ is 1.558. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.558. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.558TTM1.5580.000
TTM1.558YOY1.326+0.232
TTM1.5585Y1.456+0.102
5Y1.45610Y1.289+0.167
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5581.126+0.432
TTM1.5581.126+0.432
YOY1.3260.857+0.469
5Y1.4561.066+0.390
10Y1.2891.022+0.267
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1.4. Solvency of Thermax Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Thermax Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Thermax Limited to Diversified Machinery industry mean.
  • A Debt to Asset Ratio of 0.56¬†means that Thermax Limited assets are¬†financed with 56.2% credit (debt) and the remaining percentage (100% - 56.2%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Thermax Limited:

  • The MRQ is 0.562. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.562. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.562TTM0.5620.000
TTM0.562YOY0.532+0.030
TTM0.5625Y0.529+0.034
5Y0.52910Y0.549-0.020
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5620.668-0.106
TTM0.5620.668-0.106
YOY0.5320.678-0.146
5Y0.5290.630-0.101
10Y0.5490.5490.000
1.4.2. Debt to Equity Ratio

Measures if Thermax Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Thermax Limited to the¬†Diversified Machinery industry mean.
  • A Debt to Equity ratio of 128.5% means that company has ₹1.29 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Thermax Limited:

  • The MRQ is 1.285. The company is able to pay all its debts with equity. +1
  • The TTM is 1.285. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.285TTM1.2850.000
TTM1.285YOY1.136+0.149
TTM1.2855Y1.129+0.156
5Y1.12910Y1.262-0.133
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2851.650-0.365
TTM1.2851.650-0.365
YOY1.1361.020+0.116
5Y1.1291.023+0.106
10Y1.2621.020+0.242
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2. Market Valuation of Thermax Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings Thermax Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Thermax Limited to the¬†Diversified Machinery industry mean.
  • A PE ratio of 60.60 means the investor is paying ₹60.60¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Thermax Limited:

  • The EOD is 130.729. Based on the earnings, the company is expensive. -2
  • The MRQ is 60.598. Based on the earnings, the company is expensive. -2
  • The TTM is 60.598. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD130.729MRQ60.598+70.131
MRQ60.598TTM60.5980.000
TTM60.598YOY74.126-13.528
TTM60.5985Y57.888+2.710
5Y57.88810Y52.769+5.119
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD130.72937.855+92.874
MRQ60.59818.686+41.912
TTM60.59818.686+41.912
YOY74.12623.546+50.580
5Y57.88821.801+36.087
10Y52.76916.448+36.321
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Thermax Limited:

  • The EOD is -309.203. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -143.328. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -143.328. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-309.203MRQ-143.328-165.875
MRQ-143.328TTM-143.3280.000
TTM-143.328YOY96.087-239.415
TTM-143.3285Y-7.371-135.957
5Y-7.37110Y35.295-42.666
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD-309.20347.419-356.622
MRQ-143.32835.119-178.447
TTM-143.32835.119-178.447
YOY96.08713.906+82.181
5Y-7.3710.171-7.542
10Y35.29521.917+13.378
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Thermax Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Diversified Machinery industry mean).
  • A PB ratio of 7.05 means the investor is paying ₹7.05¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Thermax Limited:

  • The EOD is 15.218. Based on the equity, the company is expensive. -2
  • The MRQ is 7.054. Based on the equity, the company is overpriced. -1
  • The TTM is 7.054. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD15.218MRQ7.054+8.164
MRQ7.054TTM7.0540.000
TTM7.054YOY6.629+0.426
TTM7.0545Y5.074+1.980
5Y5.07410Y4.839+0.235
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD15.2187.862+7.356
MRQ7.0541.934+5.120
TTM7.0541.934+5.120
YOY6.6291.225+5.404
5Y5.0741.187+3.887
10Y4.8391.277+3.562
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Thermax Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--31.52031.5200%20.234+56%19.358+63%32.462-3%
Book Value Per Share--324.622324.6220%293.102+11%279.535+16%241.071+35%
Current Ratio--1.3791.3790%1.261+9%1.364+1%1.358+2%
Debt To Asset Ratio--0.5620.5620%0.532+6%0.529+6%0.549+2%
Debt To Equity Ratio--1.2851.2850%1.136+13%1.129+14%1.262+2%
Dividend Per Share--8.5718.5710%6.616+30%7.592+13%7.505+14%
Eps--37.79037.7900%26.210+44%25.296+49%22.661+67%
Free Cash Flow Per Share---15.977-15.9770%20.220-179%12.777-225%14.790-208%
Free Cash Flow To Equity Per Share--13.27313.2730%18.493-28%14.579-9%12.176+9%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---218.294--------
Intrinsic Value_10Y_min---407.464--------
Intrinsic Value_1Y_max--11.475--------
Intrinsic Value_1Y_min---0.746--------
Intrinsic Value_3Y_max--9.061--------
Intrinsic Value_3Y_min---36.974--------
Intrinsic Value_5Y_max---23.995--------
Intrinsic Value_5Y_min---110.988--------
Market Cap588660429000.000+54%272867240000.000272867240000.0000%231502234600.000+18%173744938280.000+57%142450402220.000+92%
Net Profit Margin--0.0560.0560%0.051+9%0.048+15%0.048+15%
Operating Margin----0%-0%0.035-100%0.058-100%
Operating Ratio--0.5840.5840%0.5850%0.937-38%1.210-52%
Pb Ratio15.218+54%7.0547.0540%6.629+6%5.074+39%4.839+46%
Pe Ratio130.729+54%60.59860.5980%74.126-18%57.888+5%52.769+15%
Price Per Share4940.250+54%2290.0002290.0000%1942.850+18%1458.130+57%1195.495+92%
Price To Free Cash Flow Ratio-309.203-116%-143.328-143.3280%96.087-249%-7.371-95%35.295-506%
Price To Total Gains Ratio123.225+54%57.12057.1200%72.360-21%54.986+4%51.580+11%
Quick Ratio--1.5581.5580%1.326+18%1.456+7%1.289+21%
Return On Assets--0.0510.0510%0.042+22%0.042+22%0.042+21%
Return On Equity--0.1160.1160%0.089+30%0.089+30%0.096+22%
Total Gains Per Share--40.09140.0910%26.850+49%26.950+49%39.967+0%
Usd Book Value--460300330.000460300330.0000%415606310.000+11%396368532.000+16%341827857.000+35%
Usd Book Value Change Per Share--0.3750.3750%0.241+56%0.230+63%0.386-3%
Usd Book Value Per Share--3.8633.8630%3.488+11%3.326+16%2.869+35%
Usd Dividend Per Share--0.1020.1020%0.079+30%0.090+13%0.089+14%
Usd Eps--0.4500.4500%0.312+44%0.301+49%0.270+67%
Usd Free Cash Flow---22655220.000-22655220.0000%28670670.000-179%18117036.000-225%20972203.000-208%
Usd Free Cash Flow Per Share---0.190-0.1900%0.241-179%0.152-225%0.176-208%
Usd Free Cash Flow To Equity Per Share--0.1580.1580%0.220-28%0.173-9%0.145+9%
Usd Market Cap7005059105.100+54%3247120156.0003247120156.0000%2754876591.740+18%2067564765.532+57%1695159786.418+92%
Usd Price Per Share58.789+54%27.25127.2510%23.120+18%17.352+57%14.226+92%
Usd Profit--53584510.00053584510.0000%37164890.000+44%35868028.000+49%32132499.000+67%
Usd Revenue--962687390.000962687390.0000%729271270.000+32%730990106.000+32%659963528.000+46%
Usd Total Gains Per Share--0.4770.4770%0.320+49%0.321+49%0.476+0%
 EOD+5 -3MRQTTM+0 -0YOY+24 -105Y+24 -1110Y+24 -11

3.2. Fundamental Score

Let's check the fundamental score of Thermax Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15130.729
Price to Book Ratio (EOD)Between0-115.218
Net Profit Margin (MRQ)Greater than00.056
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.558
Current Ratio (MRQ)Greater than11.379
Debt to Asset Ratio (MRQ)Less than10.562
Debt to Equity Ratio (MRQ)Less than11.285
Return on Equity (MRQ)Greater than0.150.116
Return on Assets (MRQ)Greater than0.050.051
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Thermax Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.884
Ma 20Greater thanMa 505,232.260
Ma 50Greater thanMa 1005,195.166
Ma 100Greater thanMa 2004,684.680
OpenGreater thanClose5,074.000
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets88,386,100
Total Liabilities49,705,400
Total Stockholder Equity38,680,700
 As reported
Total Liabilities 49,705,400
Total Stockholder Equity+ 38,680,700
Total Assets = 88,386,100

Assets

Total Assets88,386,100
Total Current Assets60,801,600
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 3,004,700
Short-term Investments 20,709,400
Net Receivables 22,738,000
Inventory 10,267,300
Other Current Assets 1,731,600
Total Current Assets  (as reported)60,801,600
Total Current Assets  (calculated)58,451,000
+/- 2,350,600
Long-term Assets
Property Plant Equipment 16,497,200
Goodwill 30,300
Intangible Assets 291,900
Long-term Assets  (as reported)0
Long-term Assets  (calculated)16,819,400
+/- 16,819,400

Liabilities & Shareholders' Equity

Total Current Liabilities44,091,900
Long-term Liabilities0
Total Stockholder Equity38,680,700
Total Current Liabilities
Short-term Debt 3,633,100
Total Current Liabilities  (as reported)44,091,900
Total Current Liabilities  (calculated)3,633,100
+/- 40,458,800
Long-term Liabilities
Long term Debt Total 4,372,600
Capital Lease Obligations Min Short Term Debt-3,633,100
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)739,500
+/- 739,500
Total Stockholder Equity
Common Stock238,300
Retained Earnings 37,348,600
Capital Surplus 572,800
Other Stockholders Equity 534,100
Total Stockholder Equity (as reported)38,680,700
Total Stockholder Equity (calculated)38,693,800
+/- 13,100
Other
Cash And Equivalents1,523,500
Cash and Short Term Investments 25,237,600
Common Stock Shares Outstanding 112,615
Liabilities and Stockholders Equity 88,386,100
Net Working Capital 16,709,700



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
59,421,100
60,891,800
51,810,200
50,604,700
59,450,300
67,999,400
59,558,900
65,068,700
74,611,100
88,386,100
88,386,10074,611,10065,068,70059,558,90067,999,40059,450,30050,604,70051,810,20060,891,80059,421,100
   > Total Current Assets 
41,254,600
41,852,700
36,100,000
32,973,600
41,015,600
47,371,200
39,772,800
44,664,600
47,377,900
60,801,600
60,801,60047,377,90044,664,60039,772,80047,371,20041,015,60032,973,60036,100,00041,852,70041,254,600
       Cash And Cash Equivalents 
4,508,400
3,843,600
43,400
85,900
573,300
247,500
953,900
2,872,900
2,047,700
3,004,700
3,004,7002,047,7002,872,900953,900247,500573,30085,90043,4003,843,6004,508,400
       Short-term Investments 
7,078,600
8,216,600
4,400
7,500
12,666,000
8,753,100
10,401,700
15,922,500
14,084,800
20,709,400
20,709,40014,084,80015,922,50010,401,7008,753,10012,666,0007,5004,4008,216,6007,078,600
       Net Receivables 
20,876,900
22,271,700
18,432,400
16,137,200
17,823,400
24,990,200
17,386,200
15,666,700
18,540,100
22,738,000
22,738,00018,540,10015,666,70017,386,20024,990,20017,823,40016,137,20018,432,40022,271,70020,876,900
       Inventory 
4,157,700
4,309,700
3,887,600
3,584,200
4,730,000
6,952,700
6,046,100
5,334,600
9,136,100
10,267,300
10,267,3009,136,1005,334,6006,046,1006,952,7004,730,0003,584,2003,887,6004,309,7004,157,700
       Other Current Assets 
4,633,000
3,145,900
1,085,700
1,817,800
2,179,500
2,988,700
2,189,100
2,207,500
1,417,900
1,731,600
1,731,6001,417,9002,207,5002,189,1002,988,7002,179,5001,817,8001,085,7003,145,9004,633,000
   > Long-term Assets 
0
0
0
17,631,200
18,434,700
20,628,200
19,776,000
0
0
0
00019,776,00020,628,20018,434,70017,631,200000
       Property Plant Equipment 
13,881,500
12,961,200
7,172,700
8,066,400
9,240,900
12,951,000
12,800,200
12,311,500
11,985,100
16,497,200
16,497,20011,985,10012,311,50012,800,20012,951,0009,240,9008,066,4007,172,70012,961,20013,881,500
       Goodwill 
1,334,400
1,022,600
1,149,100
1,057,400
1,221,600
330,700
353,100
30,300
30,300
30,300
30,30030,30030,300353,100330,7001,221,6001,057,4001,149,1001,022,6001,334,400
       Long Term Investments 
1,500
241,500
1,846,500
2,839,700
0
0
0
0
0
0
0000002,839,7001,846,500241,5001,500
       Intangible Assets 
579,300
759,500
551,400
396,500
298,000
238,100
236,500
320,200
375,200
291,900
291,900375,200320,200236,500238,100298,000396,500551,400759,500579,300
       Long-term Assets Other 
0
0
0
334,300
0
1,115,400
0
0
0
0
00001,115,4000334,300000
> Total Liabilities 
37,641,600
38,647,600
27,648,600
25,228,500
32,302,900
37,856,500
29,279,900
32,554,800
39,686,200
49,705,400
49,705,40039,686,20032,554,80029,279,90037,856,50032,302,90025,228,50027,648,60038,647,60037,641,600
   > Total Current Liabilities 
29,993,600
32,741,400
26,152,900
23,652,300
30,787,400
36,538,100
27,868,400
30,706,500
37,580,700
44,091,900
44,091,90037,580,70030,706,50027,868,40036,538,10030,787,40023,652,30026,152,90032,741,40029,993,600
       Short-term Debt 
7,613,900
7,469,500
1,379,400
852,700
1,642,400
1,850,000
1,781,500
2,829,000
2,762,500
3,633,100
3,633,1002,762,5002,829,0001,781,5001,850,0001,642,400852,7001,379,4007,469,5007,613,900
       Short Long Term Debt 
7,613,900
7,469,500
2,768,000
1,357,300
1,803,900
2,040,700
1,969,000
0
0
0
0001,969,0002,040,7001,803,9001,357,3002,768,0007,469,5007,613,900
       Accounts payable 
9,318,900
10,627,000
9,476,100
10,041,900
10,386,000
13,706,500
9,602,400
0
0
0
0009,602,40013,706,50010,386,00010,041,9009,476,10010,627,0009,318,900
       Other Current Liabilities 
17,289,900
18,144,800
12,654,500
11,092,000
16,591,300
18,997,200
14,355,000
0
0
0
00014,355,00018,997,20016,591,30011,092,00012,654,50018,144,80017,289,900
   > Long-term Liabilities 
0
0
0
1,562,300
1,515,500
1,318,400
1,411,500
0
0
0
0001,411,5001,318,4001,515,5001,562,300000
       Long term Debt Total 
0
0
342,300
460,200
530,100
350,700
430,700
287,700
695,500
4,372,600
4,372,600695,500287,700430,700350,700530,100460,200342,30000
       Capital Lease Obligations 
0
0
0
11,500
14,100
49,100
142,100
0
0
0
000142,10049,10014,10011,500000
> Total Stockholder Equity
20,383,000
21,464,100
24,161,600
25,376,200
27,147,400
30,142,900
30,279,000
32,513,900
34,924,900
38,680,700
38,680,70034,924,90032,513,90030,279,00030,142,90027,147,40025,376,20024,161,60021,464,10020,383,000
   Common Stock
238,300
238,300
238,300
238,300
238,300
238,300
238,300
238,300
238,300
238,300
238,300238,300238,300238,300238,300238,300238,300238,300238,300238,300
   Retained Earnings 
18,496,700
19,570,300
23,017,600
24,371,400
25,907,300
29,118,500
29,221,900
31,329,900
33,700,900
37,348,600
37,348,60033,700,90031,329,90029,221,90029,118,50025,907,30024,371,40023,017,60019,570,30018,496,700
   Capital Surplus 
0
0
572,800
572,800
572,800
572,800
572,800
572,800
572,800
572,800
572,800572,800572,800572,800572,800572,800572,800572,80000
   Treasury Stock00-13,100-13,100-13,100-13,100-13,100-13,10000
   Other Stockholders Equity 
1,036,700
1,044,200
346,000
206,800
442,100
226,400
259,100
386,000
426,000
534,100
534,100426,000386,000259,100226,400442,100206,800346,0001,044,2001,036,700



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue80,898,100
Cost of Revenue-47,258,500
Gross Profit33,639,60033,639,600
 
Operating Income (+$)
Gross Profit33,639,600
Operating Expense-0
Operating Income4,845,60033,639,600
 
Operating Expense (+$)
Research Development0
Selling General Administrative11,781,600
Selling And Marketing Expenses0
Operating Expense011,781,600
 
Net Interest Income (+$)
Interest Income907,100
Interest Expense-0
Other Finance Cost-907,100
Net Interest Income0
 
Pretax Income (+$)
Operating Income4,845,600
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)6,030,6004,845,600
EBIT - interestExpense = 0
4,502,900
4,502,900
Interest Expense0
Earnings Before Interest and Taxes (EBIT)06,030,600
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax6,030,600
Tax Provision-1,523,600
Net Income From Continuing Ops04,507,000
Net Income4,502,900
Net Income Applicable To Common Shares4,502,900
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of Thermax Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Thermax Limited. The general trend of Thermax Limited is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Thermax Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Thermax Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 5,029 < 5,648 < 5,835.

The bearish price targets are: 5,265 > 4,750 > 4,586.

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Thermax Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Thermax Limited. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Thermax Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Thermax Limited. The current macd is -58.91220564.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Thermax Limited price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Thermax Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Thermax Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Thermax Limited Daily Moving Average Convergence/Divergence (MACD) ChartThermax Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Thermax Limited. The current adx is 19.37.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Thermax Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Thermax Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Thermax Limited. The current sar is 5,574.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Thermax Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Thermax Limited. The current rsi is 39.88. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Thermax Limited Daily Relative Strength Index (RSI) ChartThermax Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Thermax Limited. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Thermax Limited price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Thermax Limited Daily Stochastic Oscillator ChartThermax Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Thermax Limited. The current cci is -110.47093318.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Thermax Limited Daily Commodity Channel Index (CCI) ChartThermax Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Thermax Limited. The current cmo is -33.93740449.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Thermax Limited Daily Chande Momentum Oscillator (CMO) ChartThermax Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Thermax Limited. The current willr is -86.85628307.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Thermax Limited Daily Williams %R ChartThermax Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Thermax Limited.

Thermax Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Thermax Limited. The current atr is 206.09.

Thermax Limited Daily Average True Range (ATR) ChartThermax Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Thermax Limited. The current obv is -1,321,464.

Thermax Limited Daily On-Balance Volume (OBV) ChartThermax Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Thermax Limited. The current mfi is 46.58.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Thermax Limited Daily Money Flow Index (MFI) ChartThermax Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Thermax Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-01MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-03BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-04-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-25WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-30ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-09STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-28MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-05-30STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-07MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-28MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-07-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-19STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Thermax Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Thermax Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.884
Ma 20Greater thanMa 505,232.260
Ma 50Greater thanMa 1005,195.166
Ma 100Greater thanMa 2004,684.680
OpenGreater thanClose5,074.000
Total4/5 (80.0%)
Penke

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