Thermax is a global solution provider in energy and environment engineering. It offers products and services in heating, cooling, waste heat recovery, captive power, water treatment and recycling, waste management and performance chemicals.
With a dedicated sales & service network spread over South East Asia, Middle East, Africa, Russia, India, UK and the US, Thermax ensures innovative solutions and reliable support for client's business improvement
Result
Thermax announced results for the first quarter of 2009-10 with a net profit of Rs. 46.5 crore, compared to Rs. 63.7 crore in the corresponding quarter of last year. Total income for the quarter was Rs. 547.9 crore compared to Rs. 727.2 crore last year. The subdued numbers in the quarter are a reflection of the tough market conditions
Some of the funds invested in it:
SBI Magnum Tax gain Scheme
HDFC Tax Saver
SBI Magnum Global Fund
Why to invest?
Order balance, aggregated to Rs. 3230 crore at the quarter end compared to Rs. 2649 crore as at June 2008, showing an increase of 22 %.
The company has embarked on a comprehensive initiative to streamline processes, eliminate waste and reduce costs to protect its margins.
The stock potential seems to remain good and could be hold with long term view
It’s wholly my view that this will turn into multibagger stock
Think and make your own analysis before investing.
multibagger
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