Thermax Ltd. (THERMAX) Share Price Rises 3.58% as Market Cap Crosses Rs 40,349.3 Cr
- September 30, 2026
- Posted by: Kunal Singla
- Category: News
Thermax Share Price is in focus today after the stock rose 3.58% to Rs 3,409.55, taking the company’s market capitalisation to Rs 40,349.3 Cr as of 30 September 2026 at 9:23:17 AM IST. The move is visible in intraday price action, but according to Univest data, the price event is confirmed, but no company-specific catalyst is established. For readers tracking Thermax Share Price, the key question is less about the move itself and more about what the latest numbers say about valuation and business quality. Univest data shows a sharp gap between the current price and the previous close, while the company’s capital goods profile, earnings metrics and sector position provide the broader context for Thermax Share Price Today and Thermax Stock News.
Thermax Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 3,409.55 |
| Previous Close | Rs 3,291.7 |
| Today's Move | Rs 117.85 (+3.58%) |
| Open | Rs 3,285 |
| High | Rs 3,410.3 |
| Low | Rs 3,283.15 |
| Market Capitalisation | Rs 40,349.3 crore |
| Market Cap Category | Large Cap |
Thermax Ltd. (THERMAX) rose to Rs 3,409.55 from the previous close of Rs 3,291.7, a move of Rs 117.85 or 3.58%. The stock opened at Rs 3,285, reached a high of Rs 3,410.3, recorded a low of Rs 3,283.15.
Thermax Share Price moved higher in early trade, with the stock last traded at Rs 3,409.55 against the previous close of Rs 3,291.70. The day’s gain of Rs 117.85 translated into a 3.58% rise, after opening at Rs 3,285 and moving between Rs 3,283.15 and Rs 3,410.30. That places Thermax Share Price very near the day’s high, which is a useful fact for anyone following Thermax Share Price Today or Thermax Share Price Live. On a straightforward price basis, Thermax Share Price is trading above the previous close, and the market capitalisation of Rs 40,349.3 Cr keeps it firmly in the large-company bracket for market watchers. The latest move is a clear Thermax Share Price Rise, and the next layer of reading comes from fundamentals.
Thermax Ltd. (THERMAX) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 40,349.3 crore |
| P/E Ratio | 66.1x |
| P/B Ratio | 7.05x |
| ROE | 13.76% |
| ROCE | 15.85% |
| EPS | Rs 49.8 |
| Book Value Per Share | Rs 467.02 |
| Dividend Yield | 0.61% |
Thermax Ltd. (THERMAX) fundamental metrics show P/E 66.1x, P/B 7.05x, ROE 13.76%, ROCE 15.85%. Taken on their own, these numbers offer context rather than a trading signal.
Thermax Ltd. has a market capitalisation of Rs 40,349.3 crore and falls in the Large Cap category, which gives readers a sense of company size before judging valuation. On valuation, P/E at 66.1x, P/B at 7.05x should be read against the sector and peer benchmarks rather than as a standalone signal. Profitability is represented by ROE of 13.76% and ROCE of 15.85%, helping investors compare shareholder returns and capital efficiency. According to latest Univest data, additional metrics include EPS of Rs 49.8, book value per share of Rs 467.02, dividend yield of 0.61%, adding context to earnings, balance-sheet value and historical payout. Against the latest Univest same industry benchmark, these figures can be compared with benchmark median P/E of 28.79x, median ROE of 13.59%, median ROCE of 15.96%. They set out the fundamental picture and are not a rating on the stock.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Benchmark Scope | same industry |
| Company P/E Ratio | 66.1x |
| Benchmark Median P/E | 28.79x |
| Benchmark Average P/E | 88.95x |
| Benchmark P/E Range | 0.65x to 5,688.43x |
| Company P/B Ratio | 7.05x |
| Benchmark Median P/B | 2.82x |
| Company ROE | 13.76% |
| Benchmark Median ROE | 13.59% |
| Company ROCE | 15.85% |
| Benchmark Median ROCE | 15.96% |
| Company Market Capitalisation | Rs 40,349.3 crore |
| Benchmark Median Market Cap | Rs 365.33 crore |
Thermax Ltd. (THERMAX) operates in the Capital Goods sector, within the Engineering – Industrial Equipments industry.
Thermax Ltd. (THERMAX) has a P/E ratio of 66.1x, which is above the benchmark median of 28.79x, a difference of +129.59%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.
Thermax Ltd. (THERMAX) has a ROE of 13.76%, which is above the benchmark median of 13.59%, a difference of +1.25%. Thermax Ltd. (THERMAX) has a ROCE of 15.85%, which is below the benchmark median of 15.96%, a difference of -0.69%.
Track stocks leading today through the Univest top gainers screener. The peer table below provides the company-level comparison.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Bharat Heavy Electricals Ltd. | BHEL | 1,43,461.01 | 59.18 | 5.43 | 6.29 | 9.24 |
| Jyoti CNC Automation Ltd. | JYOTICNC | 23,774.81 | 75.21 | 11.76 | 18.22 | 21.34 |
| Inox India Ltd. | INOXINDIA | 18,639.1 | 73.93 | 16.16 | 26.11 | 33.54 |
| Azad Engineering Ltd. | AZAD | 17,605.95 | 135.46 | 12.04 | 9.14 | 12.04 |
| Triveni Turbine Ltd. | TRITURBINE | 17,513.14 | 51.49 | 11.59 | 26.32 | 35.95 |
Thermax Ltd. (THERMAX) has a P/E ratio of 66.1x compared with the displayed peer median of 73.93x. The comparison is relative and should not be read as a recommendation. Its ROE of 13.76% compares with a peer median of 18.22% across the companies shown in the table. ROCE stood at 15.85% versus the displayed peer median of 21.34%, providing a capital-efficiency comparison. Thermax Ltd. (THERMAX) has a market capitalisation of Rs 40,349.3 crore. Among the 5 peers shown, only 1 has a larger market capitalisation.
Why Investors Are Watching Thermax
- Thermax Share Price rose 3.58% and stayed near the day’s high.
- The market cap of Rs 40,349.3 Cr keeps Thermax Share Price Today in a large-company frame.
- P/E of 66.1 and P/B of 7.05 make Thermax Stock Analysis valuation-focused.
- ROE of 13.76% and ROCE of 15.85% give Thermax Fundamental Analysis operating context.
- Capital Goods and Engineering – Industrial Equipments positioning shapes Thermax Share Price News today.
About Thermax
Thermax Ltd. operates in the Capital Goods sector and the Engineering – Industrial Equipments industry. The business is associated with industrial equipment and related engineering solutions, and its market position is reflected in the size of its market capitalisation and the valuation multiples that investors watch closely. For readers following Thermax Share Price, the company’s identity matters because industrial equipment businesses are often assessed through earnings quality, capital efficiency and order-driven execution rather than only through short-term price moves. Thermax Share Price Today therefore needs to be seen alongside the company’s sector classification, return ratios and book value. The latest Thermax Stock News context suggests a company that commands a premium multiple within its industry, while still posting profitability ratios that remain relevant for fundamental review. That is why Thermax Share Price attracts both price-action tracking and valuation-led analysis.
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 Uniresearch Global Pvt. Ltd. (Research Analyst, SEBI Reg. No. INH000013776, a subsidiary of Univest Communication Technologies Private Limited).
Frequently Asked Questions
Why is Thermax Share Price rising today?
Ans. Thermax Share Price rose 3.58% to Rs 3,409.55. Univest figures confirm the price action, but they do not point to a specific company trigger. The move is best read through intraday price action and valuation.
What is Thermax Share Price today?
Ans. Thermax Share Price is Rs 3,409.55 as of 30 September 2026 at 9:23:17 AM IST. It is trading above the previous close of Rs 3,291.70 after a gain of Rs 117.85.
How much did Thermax Share Price rise?
Ans. Thermax Share Price rose by Rs 117.85, or 3.58%, in the latest intraday move. The stock opened at Rs 3,285 and touched Rs 3,410.30, which is close to the day’s high.
What is Thermax market cap?
Ans. Thermax has a market capitalisation of Rs 40,349.3 Cr. That places Thermax Share Price in a large-company context and gives investors a clearer size reference when reviewing valuation and sector positioning.
Is Thermax expensive by valuation?
Ans. Thermax Share Price reflects a P/E of 66.1 and a P/B of 7.05. Against the same-industry median P/E of 28.79 and P/B of 2.82, the stock trades at a premium.
How do Thermax ROE and ROCE compare with the sector?
Ans. Thermax reports ROE of 13.76% and ROCE of 15.85%. Those are close to the same-industry medians of 13.59% and 15.96%, showing balanced capital efficiency versus the benchmark. The stock belongs to the Capital Goods sector.
What do EPS, book value and dividend yield show for Thermax?
Ans. Thermax has EPS of 49.8, book value of Rs 467.02 and dividend yield of 0.61%. These figures help frame Thermax Share Price by showing earnings per share, accounting net worth and payout history.
How does Thermax compare with its peers?
Ans. Thermax Share Price sits above Bharat Heavy Electricals on ROE and ROCE, but below Inox India and Triveni Turbine on those same return measures. Its P/E is also lower than several fast-rerating peers.
Track Thermax Share Price on Univest
Use Thermax Ltd. (THERMAX) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top-gainers lists and related market analysis.
You can track Thermax Share Price on Univest for live price updates, market cap, valuation ratios, 52-week levels and company context in one place. For readers following Thermax Share Price Today and Thermax Stock News, Univest brings together price action, sector comparison and fundamental figures in a single view. If you want a cleaner read on Thermax Share Price, Univest makes it easier to compare the current move with earnings, book value, ROE, ROCE and peer positioning without losing the broader picture.
