Thermax - Strong Long Term Outlook: HDFC Securities Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Retail Research.Thermax Ltd., is a leading conglomerate providing integrated solutions in heating, cooling, power generation, water treatment and recycle, air pollution control, Ion exchange resins and performance chemicals related services. The company operates in different countries having 14 manufacturing facilities (10 in India and four overseas facilities) and has presence over 90 countries with ~26% of its revenue coming from global operations. The company has three major segments, energy segment contributing majority to its revenue followed by environment segment and chemical segment. The order-book of the company as on December 2022 stands at Rs 9,859 crores with a well-diversified order-book across cement, fertiliser, sugar, metal and refinery sectors. The company has been at the forefront of green technology for more than a decade. Thermax ordering from the green portfolio has expanded from 40% in FY10 to 74% in FY22. The lower carbon footprint target around the globe has allowed company to position itself globally in clean water, air and energy products and solutions. Over the years, it has streamlined its business segments (synergising via boiler business transfer) and modified the business model..Click on the attachment to read the full report:.Nazara Technologies - Diversified Play Into Indian Gaming Ecosystem: ICICI Securities Initiates Coverage.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Thermax - Strong Long Term Outlook: HDFC Securities Initiates Coverage

It could record good revenue and earnings growth in the coming years.

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