News

Thermax Shares in Focus: Zee Business Managing Editor Anil Singhvi has added Thermax to his "Navratna SIP" list, highlighting the engineering company’s potential for long-term growth. Singhvi sees the largecap stock benefiting from the company's strengthening core industrial operations and emerging green energy initiatives.

The market wizard recommends accumulating the stock during market corrections.

Singhvi emphasised that Thermax is poised for a slow and steady turnaround, supported by core industrial operations improving gradually.

Add Zee Business as a Preferred Source

Non-core segments such as bio-CNG, green hydrogen, and green ammonia are expected to contribute to sustainable growth in the coming years, according to Singhvi.

Singhvi recommends a 1-3 year investment horizon with buying on every 10 per cent dip, with long-term targets of Rs 4,000, Rs 4,800 and Rs 6,500.

Post Q1FY26 results, Thermax management expressed optimism, projecting 10-11 per cent annual revenue growth over the next five years. The company expects H2FY26 performance to be stronger, driven by a recovering industrial segment and healthy order inflows.

Thermax trades below its historical PE, making it attractive for long-term investors.

UBS and Jefferies have maintained 'buy' ratings, citing potential upside based on improving fundamentals and favorable market conditions, reinforcing Singhvi’s SIP strategy.

The company anticipates double-digit order inflow growth over the coming years.

Analysts believe the combination of core business recovery, non-core growth initiatives, and attractive valuations could deliver substantial long-term gains for investors.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.