THERMAX LTD Valuation
THERMAX · Capital Goods · Current price ₹3,758.6
Is THERMAX LTD undervalued?
DocStoX estimates the fair value of THERMAX LTD at ₹2,086 per share, versus the current market price of ₹3,759. That puts the stock about -44.5% above our fair-value estimate, which we read as "Avoid". Our confidence in this estimate is low.
How this fair value is calculated
This estimate blends 4 independent methods: Residual income (₹474), Relative P/E (₹4,214), Graham floor (₹796), Analyst target (₹4,418). We weight each by its reliability and skip any method whose inputs look untrustworthy — "no DCF beats a wrong DCF". This is the same deterministic engine that powers DocStoX stock pages; there is no guesswork or AI-generated number here.
Bear, base and bull scenarios
Our scenarios span ₹474 (bear) to ₹2,086 (base) to ₹4,418 (bull). A margin of safety means buying meaningfully below the base case — the wider the gap, the more room for error in the assumptions.
Valuation multiples
THERMAX LTD trades at a P/E of 62.2x and a P/B of 13.2x, with a dividend yield of 0.5%. Multiples are most useful compared against the company's own history and its sector peers — see the peer comparison for context.
Understand the ratios
More on THERMAX LTD
DocStoX estimates are generated by a deterministic valuation engine from reported financials — for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.