Should Weakness in Thermax Limited’s (NSE:THERMAX) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Thermax (NSE:THERMAX) has had a rough three months with its share price down 15%. However, the company’s fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on Thermax’s ROE.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company’s shareholders.
How To Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net…
