Range of offerings on energy transition

Company
15 Dec 2023
5 Min read 
  • Thermax attended an analyst meet where it showcased its innovative technologies and solutions for the green solutions segment.
  •  The company offers a range of products and services in bio energy, renewable energy, coal gasification, and electrical energy solutions.
  •  Thermax expects to continue investing in these initiatives over the next few years.
  •  Order inflows have started improving, with a large order of INR 5 billion announced for bio-CNG plants.
  •  Analysts expect Thermax to post a 14% CAGR in revenue and a 21% CAGR in earnings over FY23-26.
  •  The stock is rated as Neutral with a target price of INR 2,740.
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