Thermax (THERMAX) Share Price Falls 2.17% as Large Cap Valuation Stays in Focus
- September 2, 2026
- Posted by: Kunal Singla
- Category: News
Thermax Share Price was lower in today’s trade, with the stock at Rs 3,162.10, down 2.17% from the previous close, while market capitalisation stood at Rs 38,537.53 crore. According to Univest data, the move keeps Thermax Share Price relevant for investors tracking price fall, valuation and capital goods positioning. Thermax Share Price Today showed a gapless start, but the stock later moved to a low of Rs 3,155 after touching Rs 3,232.25 as both the open and the day’s high. The decline comes in a Large Cap name, so Thermax Share Price News is not just about one session’s move; it also draws attention to fundamentals, peer comparison and sector benchmarking. According to latest Univest figures, Thermax Share Price remains within a wide valuation frame versus the broader Engineering – Industrial Equipments set.
Thermax (THERMAX) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 3,162.1 |
| Previous Close | Rs 3,232.25 |
| Today's Move | -Rs 70.15 (-2.17%) |
| Open | Rs 3,232.25 |
| High | Rs 3,232.25 |
| Low | Rs 3,155 |
| Market Capitalisation | Rs 38,537.53 crore |
| Market Cap Category | Large Cap |
Thermax Share Price Today showed a decline of Rs 70.15, or 2.17%, from the previous close of Rs 3,232.25 to Rs 3,162.10. The stock opened at Rs 3,232.25, matched the day’s high at the same level, and then moved to a low of Rs 3,155. That sequence indicates Thermax Share Price traded through a relatively narrow band after the start, with the low only slightly below the current price as of 08 October 2026 at 11:53:19 AM IST. Market capitalisation of Rs 38,537.53 crore places Thermax Share Price in the Large Cap category. For readers following Thermax Share Price Live updates, the key point is simple: the stock is lower on the day, but the move is still contained within a measured range. Thermax Share Price therefore stays on the radar for price action tracking and for what the next update may show on the day’s direction. That leads naturally into Thermax Share Price fundamentals.
Thermax (THERMAX) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 38,537.53 crore |
| P/E Ratio | 64.91x |
| P/B Ratio | 6.92x |
| ROE | 13.76% |
| ROCE | 15.85% |
| EPS | Rs 49.8 |
| Book Value Per Share | Rs 467.02 |
| Dividend Yield | 0.62% |
Thermax (THERMAX) fundamental metrics show P/E 64.91x, P/B 6.92x, ROE 13.76%, ROCE 15.85%. These figures provide context only and are not a buy or sell signal.
Thermax has a market capitalisation of Rs 38,537.53 crore and falls in the Large Cap category, which gives readers a sense of company size before judging valuation. On valuation, P/E at 64.91x, P/B at 6.92x 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 0.62%, 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 29.23x, median ROE of 13.59%, median ROCE of 15.87%. Taken together, they outline the fundamentals rather than a view on the stock.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Benchmark Scope | same industry |
| Company P/E Ratio | 64.91x |
| Benchmark Median P/E | 29.23x |
| Benchmark Average P/E | 93.11x |
| Benchmark P/E Range | 0.68x to 6,212.15x |
| Company P/B Ratio | 6.92x |
| Benchmark Median P/B | 2.87x |
| Benchmark Average P/B | 9.89x |
| Company ROE | 13.76% |
| Benchmark Median ROE | 13.59% |
| Benchmark Average ROE | 20.1% |
| Company ROCE | 15.85% |
| Benchmark Median ROCE | 15.87% |
| Benchmark Average ROCE | 19.05% |
| Company Market Capitalisation | Rs 38,537.53 crore |
| Benchmark Median Market Cap | Rs 351.2 crore |
| Benchmark Average Market Cap | Rs 2,925.34 crore |
Thermax (THERMAX) operates in the Capital Goods sector, within the Engineering – Industrial Equipments industry.
Thermax (THERMAX) has a P/E ratio of 64.91x, which is above the benchmark median of 29.23x, a difference of +122.07%. On its own, the P/E gap is a valuation reference point, not a trading call.
Thermax (THERMAX) has a ROE of 13.76%, which is above the benchmark median of 13.59%, a difference of +1.25%. Thermax (THERMAX) has a ROCE of 15.85%, which is below the benchmark median of 15.87%, a difference of -0.13%.
Track stocks among today's decliners through the Univest top decliners 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 | BHEL | 1,57,215.16 | 64.26 | 5.9 | 6.29 | 9.24 |
| Jyoti CNC Automation | JYOTICNC | 24,405.91 | 75.69 | 11.83 | 18.22 | 21.34 |
| Azad Engineering | AZAD | 19,766.53 | 141.52 | 12.58 | 9.14 | 12.04 |
| Inox India | INOXINDIA | 18,890.96 | 74.23 | 16.23 | 26.11 | 33.54 |
| Triveni Turbine | TRITURBINE | 17,041.05 | 50.25 | 11.31 | 26.32 | 35.95 |
Thermax (THERMAX) has a P/E ratio of 64.91x compared with the displayed peer median of 74.23x. This peer read is a relative benchmark rather than a trading signal. 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 (THERMAX) has a market capitalisation of Rs 38,537.53 crore. Among the 5 peers shown, 1 has a larger market capitalisation.
Why Investors Are Watching Thermax
- Thermax Share Price fell 2.17% and is trading below the previous close, keeping intraday price action in focus.
- Thermax Share Price carries a Large Cap market capitalisation of Rs 38,537.53 crore, which places it above the industry median size.
- Thermax Share Price trades at a P/E of 64.91 and a P/B of 6.92, both above the industry median benchmark.
- Thermax Share Price shows ROE of 13.76% and ROCE of 15.85%, both useful for fundamental analysis within Capital Goods.
- Thermax Share Price compares with peers that have wider valuation and return dispersion, making peer comparison relevant today.
About Thermax
Thermax operates in Capital Goods and the Engineering – Industrial Equipments industry. Thermax Share Price reflects a business linked to industrial equipment and related engineering activity, which is how the company is positioned in the market. The company description in this article is to the verified sector and industry context, so Thermax Share Price is discussed through its capital goods identity, valuation profile and peer set. For investors reading Thermax Share Price News, the core point is that the company belongs to a large industrial engineering universe where valuation, return ratios and market capitalisation are central to comparison. Thermax Share Price therefore remains a stock to watch within industrial infrastructure and equipment themes.
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.
You can track Thermax Share Price on Univest for live updates, valuation ratios, market capitalisation, 52-week levels and sector insights. Thermax Share Price pages on Univest are designed to keep the latest stock news, price fall context and fundamental analysis together in one place. For Thermax Share Price Today and Thermax Share Price Live tracking, Univest offers a quick way to review the stock’s current move and its broader market context.
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 did Thermax Share Price fall today?
Ans. Thermax Share Price fell 2.17% to Rs 3,162.10 from Rs 3,232.25. According to Univest data, the price event is confirmed, but no company-specific catalyst is established. The intraday range extended from Rs 3,155 to Rs 3,232.25.
What is Thermax Share Price today?
Ans. Thermax Share Price stood at Rs 3,162.10 as of 08 October 2026 at 11:53:19 AM IST. The stock was lower by Rs 70.15 on the day and stayed within a narrow intraday band.
Is Thermax a Large Cap stock?
Ans. Yes. Thermax Share Price belongs to a Large Cap company with market capitalisation of Rs 38,537.53 crore. That size context matters when comparing its valuation and returns with other capital goods names.
How is Thermax valued versus peers?
Ans. Thermax Share Price trades at 64.91 times earnings and 6.92 times book. That is above the industry median P/E and P/B, while still sitting below some higher-valued peers in the same engineering equipment set.
What do Thermax ROE and ROCE show?
Ans. Thermax Share Price is backed by ROE of 13.76% and ROCE of 15.85%. Those figures sit close to the industry median benchmark and help frame the stock’s fundamental profile. The relevant peer median ROE is 13.59%.
What is Thermax EPS and book value?
Ans. Thermax Share Price carries EPS of Rs 49.8 and book value of Rs 467.02 per share. EPS measures earnings attributable to each share, while book value reflects accounting net worth per share.
Does Thermax pay a dividend?
Ans. Thermax Share Price has a dividend yield of 0.62%. Dividend yield reflects the historical payout relative to the current price, so it is one input in the stock’s broader fundamental analysis.
How does Thermax compare with capital goods peers?
Ans. Thermax Share Price is larger than several peers such as Jyoti CNC Automation, Azad Engineering, Inox India and Triveni Turbine in market cap terms, but smaller than Bharat Heavy Electricals in the same industry group.
Should investors track Thermax Share Price today?
Ans. Thermax Share Price is worth tracking because it combines a 2.17% decline, a Large Cap market value, premium valuation multiples and peer comparison context. Univest data makes those metrics easy to review together.
