Thermax (THERMAX) Share Price Falls 2.20% Today Amid Market Move
- September 22, 2026
- Posted by: Harsh Piplani
- Category: News
Thermax Share Price fell today, with the stock closing at Rs 3,502.20 after a 2.20% decline. The company’s market capitalisation stood at Rs 42,305.85 crore, keeping Thermax in the Large Cap category. The move places Thermax Share Price Today in focus for readers tracking Thermax Stock News, especially because the day’s data shows a clear gap between the opening level and the closing price.
The supplied figures confirm a same-day share price fall, but they do not establish a company-specific catalyst. The session also left Thermax Share Price below the previous close of Rs 3,580.95, while the day’s range stayed between Rs 3,498.75 and Rs 3,612.10. In other words, Thermax News Today is being driven by the observed price action itself, not by any verified event in the dataset. For investors tracking Thermax Share Price Live on Univest, the day’s movement is important because it also needs to be read alongside valuation, earnings and sector context.
Thermax (THERMAX) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 3,502.2 |
| Previous Close | Rs 3,580.95 |
| Today's Move | -Rs 78.75 (-2.2%) |
| Open | Rs 3,581.2 |
| High | Rs 3,612.1 |
| Low | Rs 3,498.75 |
| Turnover | Rs 1.5 crore |
| Market Capitalisation | Rs 42,305.85 crore |
| Market Cap Category | Large Cap |
Thermax Share Price Today moved from an opening level of Rs 3,581.20 to a close of Rs 3,502.20, compared with the previous close of Rs 3,580.95. That means the stock declined by Rs 78.75, or 2.20%, during the session. The day’s high was Rs 3,612.10 and the low was Rs 3,498.75, showing that the price moved within a relatively narrow intraday band. Turnover stood at Rs 1.5 crore.
From a market-cap perspective, Thermax is a Large Cap company with a market capitalisation of Rs 42,305.85 crore. That size context is useful for readers scanning Thermax Share News and Thermax Stock Performance, because it frames the move as one session’s decline in a larger listed company rather than a change in the company’s core scale. The fact that the stock ended close to the day’s low also makes Thermax Share Price Fall a key search term for today’s stock news coverage. The supplied data confirms the price event clearly, while leaving the reason unassigned. For that reason, the next step is to examine how valuation and operating quality stack up in Thermax Fundamental Analysis.
Thermax (THERMAX) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 42,305.85 crore |
| P/E Ratio | 71.91x |
| P/B Ratio | 7.67x |
| ROE | 13.76% |
| ROCE | 15.85% |
| EPS | Rs 49.8 |
| Book Value Per Share | Rs 467.02 |
| Dividend Yield | 0.56% |
Thermax Fundamental Analysis starts with valuation. The stock trades at a P/E ratio of 71.91 and a P/B ratio of 7.67. Its EPS is Rs 49.80, which shows the earnings attributable to each share, while book value is Rs 467.02 per share, which reflects the accounting net worth behind each share. Dividend yield stands at 0.56%, giving a historical payout reference against the current price.
On profitability metrics, ROE is 13.76% and ROCE is 15.85%. Those figures provide a clear operating-quality context, especially for Thermax Share Price today after the decline. The market capitalisation of Rs 42,305.85 crore and the company’s valuation multiples indicate that Thermax is being priced well above many companies in its industry set, so the stock continues to require a careful read-through of both earnings and balance-sheet-based metrics. In practical terms, Thermax Stock Analysis should focus on how the market is valuing each rupee of earnings and book value, rather than on the one-day price change alone. For readers following Thermax Latest News, this is the part of the story that turns a price move into a research note. The next lens is ownership and then sector positioning on Univest.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Benchmark Scope | same industry |
| Company P/E Ratio | 71.91x |
| Benchmark Median P/E | 29.17x |
| Benchmark Average P/E | 81.75x |
| Benchmark P/E Range | 0.54x to 4,664.08x |
| Company P/B Ratio | 7.67x |
| Benchmark Median P/B | 2.81x |
| Benchmark Average P/B | 9.79x |
| Company ROE | 13.76% |
| Benchmark Median ROE | 13.68% |
| Benchmark Average ROE | 20.11% |
| Company ROCE | 15.85% |
| Benchmark Median ROCE | 15.96% |
| Benchmark Average ROCE | 19.02% |
| Company Market Capitalisation | Rs 42,305.85 crore |
| Benchmark Median Market Cap | Rs 366.4 crore |
| Benchmark Average Market Cap | Rs 2,870.17 crore |
Thermax belongs to the Capital Goods sector and the Engineering – Industrial Equipments industry. In the supplied benchmark universe, the industry comparison covers 163 companies, which makes the sector view broad enough to place Thermax Share Price in a relevant peer and benchmark frame. Thermax’s P/E of 71.91 is above the benchmark median of 29.17 and below the benchmark average of 81.75. Its P/B of 7.67 is also above the benchmark median of 2.81 and below the benchmark average of 9.79.
The company’s ROE of 13.76% is close to the benchmark median of 13.68%, while ROCE of 15.85% is just below the benchmark median of 15.96%. In market-cap terms, the benchmark median is Rs 366.4 crore and the average is Rs 2,870.17 crore, while Thermax stands at Rs 42,305.85 crore. That makes the company materially larger than the median industry name in the supplied set. For Thermax Share Price Today, the sector comparison shows that the stock is priced at a premium to the typical industry median on earnings and book value, while operating return ratios are broadly in line with the benchmark center. This is the kind of sector analysis that Univest readers often look for in Thermax Stock News and Thermax Share Price Update articles.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Bharat Heavy Electricals | BHEL | 1,51,121.55 | 62.02 | 5.69 | 6.29 | 9.24 |
| Jyoti CNC Automation | JYOTICNC | 23,886.25 | 78.72 | 12.3 | 18.22 | 21.34 |
| Inox India | INOXINDIA | 19,077.8 | 74.4 | 16.26 | 26.11 | 33.54 |
| Triveni Turbine | TRITURBINE | 18,082.06 | 52.52 | 11.83 | 26.32 | 35.95 |
| Azad Engineering | AZAD | 17,984.08 | 128.36 | 11.41 | 9.14 | 12.04 |
Thermax can also be read against the supplied peer set in Capital Goods and Engineering – Industrial Equipments. Bharat Heavy Electricals has a P/E of 62.02, P/B of 5.69, ROE of 6.29% and ROCE of 9.24%, with market capitalisation of Rs 1,51,121.55 crore. Jyoti CNC Automation shows a P/E of 78.72, P/B of 12.30, ROE of 18.22% and ROCE of 21.34%, with market capitalisation of Rs 23,886.25 crore.
Inox India carries a P/E of 74.40, P/B of 16.26, ROE of 26.11% and ROCE of 33.54%, with market capitalisation of Rs 19,077.80 crore. Triveni Turbine has a P/E of 52.52, P/B of 11.83, ROE of 26.32% and ROCE of 35.95%, with market capitalisation of Rs 18,082.06 crore. Against these names, Thermax Share Price sits with a P/E that is above BHEL and Triveni Turbine, close to Inox India, and below Jyoti CNC. Its ROE and ROCE are stronger than BHEL’s, but lower than the higher-return peers in the list. That makes the stock’s valuation and return profile important for Thermax Stock Analysis on Univest.
Why Investors Are Watching Thermax
- Thermax Share Price fell 2.20% today to Rs 3,502.20, with the day’s low at Rs 3,498.75 and the high at Rs 3,612.10.
- The previous close was Rs 3,580.95 and the opening price was Rs 3,581.20, which sets the day’s price action in clear context.
- Market capitalisation stood at Rs 42,305.85 crore, placing the company in the Large Cap category.
- P/E is 71.91, P/B is 7.67, EPS is Rs 49.80 and book value is Rs 467.02 per share.
- ROE is 13.76% and ROCE is 15.85%, while the company’s industry benchmark covers 163 firms in Engineering – Industrial Equipments.
About Thermax
Thermax operates in the Capital Goods sector and the Engineering – Industrial Equipments industry. The supplied data identifies the company through this sector and industry classification and places it within a broad industrial benchmark set. For readers following Thermax Share Price News, that classification is important because it frames how the stock is viewed in market and peer comparisons. Thermax Stock News and Thermax Company News often draw attention to the intersection of price action, earnings metrics and industrial-sector positioning, all of which are reflected in today’s data.
Track Thermax Share Price on Univest
Use Thermax (THERMAX) live share-price page,Univest top decliners screener,Univest market blogs to review live stock data, top decliners and related market analysis.
Readers can track Thermax Share Price on Univest for live price updates, fundamental ratios, shareholding pattern, 52-week levels and market insights. Univest also helps users follow Thermax Share Price Today alongside valuation, company performance and sector comparison in one place. That makes it easier to monitor Thermax Stock News without jumping between multiple sources.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Thermax Share Price fall today?
Ans. The data confirms that Thermax Share Price fell 2.20% today to Rs 3,502.20, but it does not establish a company-specific catalyst. The session’s open, high, low and close only show the price movement.
What is Thermax Share Price Today?
Ans. Thermax Share Price Today is Rs 3,502.20. It closed below the previous close of Rs 3,580.95 and traded between Rs 3,498.75 and Rs 3,612.10 during the session. The previous close was Rs 3,580.95.
What is Thermax’s market capitalisation?
Ans. Thermax has a market capitalisation of Rs 42,305.85 crore. The company is classified as a Large Cap name in the supplied data, which provides size context for today’s move. The company operates in the Capital Goods sector.
How is Thermax valued on earnings and book value?
Ans. Thermax trades at a P/E of 71.91 and a P/B of 7.67. Its EPS is Rs 49.80 and book value is Rs 467.02 per share, which gives a clear valuation snapshot.
How do Thermax’s returns compare with the industry benchmark?
Ans. Thermax reports ROE of 13.76% and ROCE of 15.85%. In the supplied industry benchmark, the median ROE is 13.68% and the median ROCE is 15.96%, so Thermax is broadly in line.
How does Thermax compare with peers?
Ans. Thermax’s P/E of 71.91 is below Jyoti CNC Automation at 78.72 and Inox India at 74.40, but above BHEL at 62.02 and Triveni Turbine at 52.52. Its return ratios sit in the middle of the group.
Where does Thermax fit in the sector context?
Ans. Thermax belongs to the Capital Goods sector and the Engineering – Industrial Equipments industry. The supplied benchmark compares it with 163 industry companies, which helps place today’s price move in context.
What should investors monitor next in Thermax Share Price?
Ans. Investors may track whether Thermax Share Price holds around the Rs 3,498.75 low or moves back toward the Rs 3,580.95 previous close. They can also watch valuation, returns and sector comparison on Univest.
Can Thermax Share Price news be tracked on Univest?
Ans. Yes. Univest tracks Thermax Share Price, fundamental ratios, sector context, market capitalisation and related stock news. The platform also helps readers follow the stock alongside peer and industry comparisons. The previous close was Rs 3,580.95.
