Thermax (THERMAX) Share Price Falls 2.66% as Thermax Trades at Rs 3,148.4
- September 2, 2026
- Posted by: Kunal Singla
- Category: News
Thermax Share Price is lower today as Thermax traded at Rs 3,148.4, down 2.66% from the previous close, with a market capitalisation of Rs 38,542.3 crore. According to latest Univest figures, the move is visible in the stock’s intraday range and places Thermax Share Price in focus for investors tracking Capital Goods names. The latest Univest data shows a same-day decline, but no company-specific catalyst is established. In Thermax Share Price news, the stock is drawing attention because the fall comes alongside a rich valuation, a sector benchmark that can be compared directly, and a peer set with varied profitability profiles. For readers following Thermax Share Price today, the key question is not only the fall itself, but what the price action and fundamentals together indicate.
Thermax (THERMAX) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 3,148.4 |
| Previous Close | Rs 3,234.6 |
| Today's Move | -Rs 86.20 (-2.66%) |
| Open | Rs 3,247.3 |
| High | Rs 3,248.8 |
| Low | Rs 3,148 |
| Market Capitalisation | Rs 38,542.3 crore |
| Market Cap Category | Large Cap |
Thermax Share Price opened at Rs 3,247.3, touched a high of Rs 3,248.8 and a low of Rs 3,148, before last trading at Rs 3,148.4. That is Rs 86.2 below the previous close of Rs 3,234.6, which equals a 2.66% decline. In market-cap terms, Thermax stands at Rs 38,542.3 crore and is classified as a Large Cap. For Thermax Share Price today, the range is narrow relative to the open, with the low matching the current print almost exactly. This makes the day’s price action clear without needing speculation. As of 21 October 2026 at 11:53:17 AM IST, Thermax Share Price remains a live intraday event, and the next layer of context comes from valuation and operating ratios rather than from any unverified trigger.
Thermax (THERMAX) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 38,542.3 crore |
| P/E Ratio | 64.96x |
| P/B Ratio | 6.93x |
| 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 64.96x, P/B 6.93x, ROE 13.76%, ROCE 15.85%. Taken on their own, these numbers offer context rather than a trading signal.
Thermax has a market capitalisation of Rs 38,542.30 crore and falls in the Large Cap category, which gives readers a sense of company size before judging valuation. On valuation, P/E at 64.96x, P/B at 6.93x 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 28.31x, median ROE of 13.51%, 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 | 64.96x |
| Benchmark Median P/E | 28.31x |
| Benchmark Average P/E | 51.72x |
| Benchmark P/E Range | 0.75x to 721.38x |
| Company P/B Ratio | 6.93x |
| Benchmark Median P/B | 2.96x |
| Benchmark Average P/B | 8.93x |
| Company ROE | 13.76% |
| Benchmark Median ROE | 13.51% |
| Benchmark Average ROE | 18.65% |
| Company ROCE | 15.85% |
| Benchmark Median ROCE | 15.96% |
| Benchmark Average ROCE | 18.38% |
| Company Market Capitalisation | Rs 38,542.3 crore |
| Benchmark Median Market Cap | Rs 343.94 crore |
| Benchmark Average Market Cap | Rs 2,729.72 crore |
Thermax (THERMAX) operates in the Capital Goods sector, within the Engineering – Industrial Equipments industry.
Thermax (THERMAX) has a P/E ratio of 64.96x, which is above the benchmark median of 28.31x, a difference of +129.46%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.
Thermax (THERMAX) has a ROE of 13.76%, which is above the benchmark median of 13.51%, a difference of +1.85%. Thermax (THERMAX) has a ROCE of 15.85%, which is below the benchmark median of 15.96%, a difference of -0.69%.
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 | 1,48,858.21 | 51.71 | 5.56 | 6.29 | 9.24 |
| Jyoti CNC Automation | JYOTICNC | 22,174.89 | 68.93 | 10.77 | 18.22 | 21.34 |
| Inox India | INOXINDIA | 18,210.4 | 71.46 | 15.62 | 26.11 | 33.54 |
| Azad Engineering | AZAD | 17,369.91 | 124.98 | 11.11 | 9.14 | 12.04 |
| Triveni Turbine | TRITURBINE | 15,418.17 | 45.85 | 10.32 | 26.32 | 35.95 |
Thermax (THERMAX) has a P/E ratio of 64.96x compared with the displayed peer median of 68.93x. 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 (THERMAX) has a market capitalisation of Rs 38,542.3 crore. Among the 5 peers shown, 1 has a larger market capitalisation.
Why Investors Are Watching Thermax
- Thermax Share Price fell 2.66% in the latest session, taking the stock to Rs 3,148.4.
- Thermax Share Price trades at a P/E of 64.96 and P/B of 6.93, which keeps valuation in focus.
- ROE of 13.76% and ROCE of 15.85% place the company near the industry midpoint on returns.
- Market capitalisation of Rs 38,542.3 crore keeps Thermax Share Price in the Large Cap category.
- Thermax Share Price is moving within a Capital Goods sector where peer valuations and return ratios vary widely.
About Thermax
Thermax operates in the Capital Goods sector and the Engineering – Industrial Equipments industry. For Thermax Share Price readers, that means the company is tracked within a space shaped by industrial demand, equipment execution and project-linked business cycles. The latest Univest figures place Thermax among larger listed companies in this industry by market capitalisation. In this note, no extra business lines or segment detail is added beyond what is verified. The focus remains on Thermax Share Price, the company’s sector placement and the valuation framework visible from the numbers here. That is enough to understand why the stock often appears in industrial stock news and fundamental analysis discussions.
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 price updates, key valuation ratios, market capitalisation, 52-week levels and broader market insights. The platform also helps readers compare Thermax Share Price with sector peers and follow company-level fundamentals in one place. For investors who monitor Thermax Share Price today, that combination of price action and ratio context is often the most useful starting point.
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 2.66% to Rs 3,148.4, but no company-specific catalyst is established in the verified data. The move is confirmed by the gap from the previous close and the intraday low near the last traded price.
What is Thermax Share Price today?
Ans. Thermax Share Price was at Rs 3,148.4 in the latest trade, down Rs 86.2 from the previous close of Rs 3,234.6. The stock traded between Rs 3,148 and Rs 3,248.8 during the session.
How much did Thermax Share Price decline?
Ans. Thermax Share Price declined by 2.66% in the latest session. In absolute terms, the share price fell Rs 86.2 from the previous close, which is a clear same-day move rather than a multi-session trend.
What is Thermax market capitalisation?
Ans. Thermax has a market capitalisation of Rs 38,542.3 crore. That places it in the Large Cap category and makes it one of the larger companies in the Engineering – Industrial Equipments industry.
Is Thermax Share Price expensive compared with peers?
Ans. Thermax Share Price trades at 64.96 times earnings and 6.93 times book value. That is above the industry benchmark median P/E of 28.31 and above the peer median P/B of 10.32 among the named companies.
How do Thermax’s ROE and ROCE compare with the industry?
Ans. Thermax reports ROE of 13.76% and ROCE of 15.85%. ROE is slightly above the industry benchmark median of 13.51%, while ROCE is just below the median of 15.96% in the same industry set.
What is Thermax EPS and book value?
Ans. Thermax EPS is Rs 49.8 and book value is Rs 467.02 per share. EPS shows earnings attributable to each share, while book value indicates the accounting net worth behind each share for Thermax Share Price analysis.
Does Thermax pay a dividend?
Ans. Thermax has a dividend yield of 0.62%. That figure reflects the historical payout relative to the current price and is useful when comparing Thermax Share Price with other industrial names that carry different income profiles.
Which peers are relevant for Thermax Share Price comparison?
Ans. Relevant peers in the same industry include BHEL, Jyoti CNC Automation, Inox India and Triveni Turbine. Their valuation and return ratios show that Thermax Share Price sits between lower-return and higher-return industrial peers.
