Thermax Expansion plan

Thermax gained 1.23% to Rs 469.95 at 11:45 IST on BSE on reports the company plans to invest over Rs 200 crore in this financial year for expansion purpose.

The stock hit a high of Rs 478 and a low of Rs 464.25 so far during the day. The stock had a 52-week high of Rs 968.30 on 30 October 2007 and the stock hit a 52-week low of Rs 397 on 15 May 2007.

The company’s current equity is Rs 23.83 crore. Face value per share is Rs 2.

The current price of Rs 469.95 discounts its Q3 December 2007 annualised EPS of Rs 25.19, by a PE multiple of 18.66.

In February 2008, Thermax signed a technical transfer license agreement with Babcock & Wilcox for utility boilers.

Thermax’s net profit rose 35.3% to Rs 75.03 crore on 53.7% growth in net sales to Rs 845.43 in Q3 December 2007 over Q3 December 2006.

The company manufactures and distributes industrial equipment. The group operates in two segments, energy and environment.