Thermax Limited’s (NSE:THERMAX) Share Price Matching Investor Opinion
When close to half the companies in the Machinery industry in India have price-to-sales ratios (or “P/S”) below 3.3x, you may consider Thermax Limited (NSE:THERMAX) as a stock to avoid entirely with its 6.1x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
See our latest analysis for Thermax
How Thermax Has Been Performing
With revenue growth that’s inferior to most other companies of late, Thermax has been relatively sluggish. It might be that many expect the uninspiring revenue performance to recover significantly, which has kept the P/S ratio from collapsing. However, if this isn’t the…
