Thermax peers

Companies like Thermaxlatest year

Market cap and P/E at the last close; sales growth is the latest quarter on the same quarter a year before; ROE for the latest financial year.

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

THERMAX₹3,193.10

Thermax Ltd.

· Capital Goods & Defence
₹ CrorePeersBHELTRITURBINEAIAENGAPARINDSESCORTSHONAUTPREMIERENEKEIMcap ₹35,970 Cr
Comp Set
In ₹ Crore except Per Share
Latest Annual
THERMAX
FY26
BHEL
FY26
TRITURBINE
FY26
AIAENG
FY26
Peer
Average
Valuation — at last close
P/E49.93×87.38×42.69×◆ 26.72×52.27× -4%
P/B6.48×5.35×10.33×◆ 4.23×6.64× -2%
EV/EBITDA34.90×58.19×31.87×◆ 23.54×37.87× -8%
Market Cap₹35,970 Cr₹1.40L Cr₹14,933 Cr₹33,945 Cr₹62,947 Cr -43%
Growth
Revenue CAGR 3Y9.75%13.08%◆ 20.47%-3.44%10.04% -3%
Revenue CAGR 5Y17.42%14.31%◆ 25.43%8.93%16.22% +7%
Net Income CAGR 3Y16.91%◆ 49.66%21.90%6.30%25.95% -35%
Revenue YoY (latest Q)7.09%◆ 23.81%19.23%12.42%18.49% -62%
Net Income YoY (latest Q)-85.61%◆ 118.98%-20.65%-1.37%32.32% -365%
Profitability
EBITDA Margin9.60%6.93%20.65%◆ 28.42%18.67% -49%
Net Income Margin6.74%4.74%16.02%◆ 28.71%16.49% -59%
Return on Common Equity13.74%6.29%◆ 26.27%16.99%16.52% -17%
Return on Capital Employed11.81%4.84%◆ 30.12%15.04%16.67% -29%
Return on Assets5.69%2.22%15.47%◆ 15.50%11.06% -49%
Credit & Quality
Total Debt/Equity0.41×0.31×◆ 0.00×0.00×0.10× +297%
Interest Coverage5.89×2.68×◆ 160.08×31.33×64.70× -91%
Scale — latest FY
Revenue / Total Income₹10,694 Cr₹33,782 Cr₹2,181 Cr₹4,420 Cr₹13,461 Cr -21%
Net Income₹720 Cr₹1,600 Cr₹349 Cr₹1,269 Cr₹1,073 Cr -33%
Total Assets₹13,282 Cr₹76,186 Cr₹2,497 Cr₹8,538 Cr₹29,073 Cr -54%
EPS₹63.95₹4.6₹11₹136.11₹50.57 +26%
Book Value per Share₹492.67₹75.09₹45.47₹859.98₹326.85 +51%
◆ best value in the comp set per metric · Δ = subject vs average of the other companies.
« ‹ › »Latest: FY26 · ConsolidatedFA 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%.