ICICI Securities: Thermax Tempered By Global Macro Challenges

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Thermax Ltd. has successfully withstood global cycles before on the strengths of its focus on cash flow, uncompromising terms of trade and steering clear of risks.Post the global economic meltdown, the company had strategically looked at opportunities for global expansion. It had its share of successes and failures; however, the management was always prudent to change gears in the face of changing adversities.European restructuring process is expected to yield dividends while Chinese operations have been wound off and Indonesian expansion is continuing.Though near-term challenges persist, we believe Thermax has a strong balance sheet and financial discipline to sail through..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Thermax Tempered By Global Macro Challenges

ICICI Securities: Thermax Tempered By Global Macro Challenges

Choose a plan