Comp Set IONEXCHANG THERMAX× KPIGREEN× GMRP&UI× + EIEL + PTC + RTNPOWER + KARMAENG + WABAG + ENERGYDEV + INDOWIND + SURANAT&P + GREENPOWER
In ₹ Crore except Per Share
Latest Annual
IONEXCHANG
FY26
THERMAX
FY26
KPIGREEN
FY26
GMRP&UI
FY26
Peer
Average
Valuation — at last close P/E 28.86× 49.93× 12.02× ◆ 11.17×24.38× +18% P/B 3.69× 6.48× ◆ 0.35×3.79× 3.54× +4% EV/EBITDA 24.16× 34.90× ◆ 5.28×10.69× 16.96× +42% Market Cap ₹4,940 Cr ₹35,970 Cr ₹1,048 Cr ₹7,207 Cr ₹14,742 Cr -66% Growth Revenue CAGR 3Y 13.57% 9.75% ◆ 61.18%9.89% 26.94% -50% Revenue CAGR 5Y — 17.42% — — 17.42% Net Income CAGR 3Y -9.77% 16.91% ◆ 66.85%-18.63% 21.71% -145% Revenue YoY (latest Q) ◆ 20.11%7.09% 15.08% 3.44% 8.54% +136% Net Income YoY (latest Q) -93.68% -85.61% ◆ -14.99%-394.13% -164.91% +43% Profitability EBITDA Margin 7.21% 9.60% ◆ 35.55%21.88% 22.34% -68% Net Income Margin 4.91% 6.74% ◆ 18.89%8.37% 11.33% -57% Return on Common Equity 11.20% 13.74% 16.87% ◆ 48.21%26.27% -57% Return on Capital Employed 8.98% 11.81% ◆ 13.95%7.94% 11.23% -20% Return on Assets 4.50% 5.69% ◆ 6.94%3.61% 5.41% -17% Credit & Quality Total Debt/Equity ◆ 0.34×0.41× 1.38× 5.46× 2.42× -86% Interest Coverage ◆ 6.15×5.89× 4.53× 0.57× 3.66× +68% Scale — latest FY Revenue / Total Income ₹2,915 Cr ₹10,694 Cr ₹2,696 Cr ₹7,332 Cr ₹6,907 Cr -58% Net Income ₹143 Cr ₹720 Cr ₹509 Cr ₹614 Cr ₹614 Cr -77% Total Assets ₹3,380 Cr ₹13,282 Cr ₹9,882 Cr ₹17,050 Cr ₹13,405 Cr -75% EPS ₹12.03 ₹63.95 ₹24.13 ₹8.26 ₹32.11 -63% Book Value per Share ₹94.1 ₹492.67 ₹839.65 ₹24.38 ₹452.23 -79%
◆ best value in the comp set per metric · Δ = subject vs average of the other companies.
« ‹ › » Latest: FY26 · Consolidated CHART » ALPHA AI » COMP » FA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95% .
