{"id":227317,"date":"2026-09-02T11:44:39","date_gmt":"2026-09-02T06:14:39","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=227317"},"modified":"2026-09-15T13:00:31","modified_gmt":"2026-09-15T07:30:31","slug":"why-thermax-share-price-fall-today-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/","title":{"rendered":"Thermax (THERMAX) Share Price Falls 4.09% Today; Key Levels, Valuation and Sector Context"},"content":{"rendered":"<div class=\"univest-blue-summary\" style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:12px 16px;margin:0 0 18px 0;font-style:italic;\"><em><a href=\"https:\/\/univest.in\/stocks\/thermax\/thermax-ltd-share-price-today\">Thermax (THERMAX)<\/a>share price fell to Rs 3,529.75 today, down 4.09% from the previous close. Market cap was Rs 43,852.5 crore.<\/em><\/div>\n<p style=\"margin-top:0!important;\">Thermax Share Price fell to Rs 3,529.75 on 15 September 2026, down 4.09% or Rs 150.50 for the day, taking the company\u2019s market capitalisation to Rs 43,852.50 crore. The stock opened at Rs 3,719.95, which also marked the day\u2019s high, and then slipped to an intraday low of Rs 3,527.10. Turnover stood at Rs 1.27 crore at the time captured by the supplied data.<\/p>\n<p>For investors tracking Thermax Share Price Today and Thermax Stock News, the verified data clearly confirms a meaningful single-session decline in a Large Cap capital goods stock. The numbers show weak intraday price action from the opening tick, with the stock unable to hold above the previous close of Rs 3,680.25. The supplied data confirms the price event but does not establish a company-specific catalyst for why the stock is falling today.<\/p>\n<p>That is why the market is watching this move closely. Beyond the day\u2019s decline, investors will likely monitor whether Thermax can stabilise near current levels, how its valuation compares with industry benchmarks, and whether its profitability metrics justify continued attention. Univest examines the day\u2019s price move, technical position and fundamental context using only the supplied figures.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#Thermax_THERMAX_Share_Price_Today_Price_Action_Analysis\" title=\"Thermax (THERMAX) Share Price Today: Price Action Analysis\">Thermax (THERMAX) Share Price Today: Price Action Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#Thermax_THERMAX_Fundamental_Analysis\" title=\"Thermax (THERMAX) Fundamental Analysis\">Thermax (THERMAX) Fundamental Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#Sector_and_Industry_Context\" title=\"Sector and Industry Context\">Sector and Industry Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#Peer_Comparison\" title=\"Peer Comparison\">Peer Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#Why_Investors_Are_Watching_Thermax\" title=\"Why Investors Are Watching Thermax\">Why Investors Are Watching Thermax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#About_Thermax\" title=\"About Thermax\">About Thermax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#Track_Thermax_Share_Price_on_Univest\" title=\"Track Thermax Share Price on Univest\">Track Thermax Share Price on Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#Why_did_Thermax_Share_Price_fall_today\" title=\"Why did Thermax Share Price fall today?\">Why did Thermax Share Price fall today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#What_is_the_current_Thermax_Share_Price_Today\" title=\"What is the current Thermax Share Price Today?\">What is the current Thermax Share Price Today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#How_much_did_Thermax_stock_decline_in_todays_session\" title=\"How much did Thermax stock decline in today\u2019s session?\">How much did Thermax stock decline in today\u2019s session?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#What_does_todays_price_action_show_for_Thermax\" title=\"What does today\u2019s price action show for Thermax?\">What does today\u2019s price action show for Thermax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#How_is_Thermax_valued_right_now\" title=\"How is Thermax valued right now?\">How is Thermax valued right now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#What_do_Thermax_profitability_metrics_show\" title=\"What do Thermax profitability metrics show?\">What do Thermax profitability metrics show?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#What_are_Thermax_EPS_book_value_and_dividend_yield\" title=\"What are Thermax EPS, book value and dividend yield?\">What are Thermax EPS, book value and dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#How_does_Thermax_compare_with_peers_in_its_industry\" title=\"How does Thermax compare with peers in its industry?\">How does Thermax compare with peers in its industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-fall-today-2026\/#What_should_investors_monitor_next_in_Thermax_Stock_News\" title=\"What should investors monitor next in Thermax Stock News?\">What should investors monitor next in Thermax Stock News?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Thermax_THERMAX_Share_Price_Today_Price_Action_Analysis\"><\/span><strong>Thermax (THERMAX) Share Price Today: Price Action Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0 22px 0;\">\n<thead>\n<tr>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:10px 12px;background:#F7F9FC;\">Metric<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:10px 12px;background:#F7F9FC;\">Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Current Price<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 3,529.75<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Previous Close<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 3,680.25<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Today&#39;s Move<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">-Rs 150.50 (-4.09%)<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Open<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 3,719.95<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>High<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 3,719.95<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Low<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 3,527.1<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Turnover<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 1.27 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Market Capitalisation<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 43,852.5 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Market Cap Category<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Large Cap<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Thermax Share Price Today reflects a clear intraday decline, with the stock opening at Rs 3,719.95 and never moving above that level during the session. That means the opening price was also the day\u2019s high, while the intraday low of Rs 3,527.10 shows sellers remained in control for most of the trading window captured here.<\/p>\n<p>Compared with the previous close of Rs 3,680.25, the stock was down Rs 150.50, or 4.09%, to Rs 3,529.75. The gap between the day\u2019s high of Rs 3,719.95 and low of Rs 3,527.10 also underlines a sharp downward move within the session. With turnover at Rs 1.27 crore and the company classified as a Large Cap, this was a notable Thermax Share Price Fall even without a verified company-specific trigger in the supplied data.<\/p>\n<p>For readers following Thermax Share News and Thermax Share Price Update, the session so far shows weakness from the open and no recovery back toward the previous close. The next step is to check whether the broader technical setup also points to weak momentum or a more mixed picture.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Thermax_THERMAX_Fundamental_Analysis\"><\/span><strong>Thermax (THERMAX) Fundamental Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0 22px 0;\">\n<thead>\n<tr>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:10px 12px;background:#F7F9FC;\">Metric<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:10px 12px;background:#F7F9FC;\">Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Market Capitalisation<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 43,852.5 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>P\/E Ratio<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">73.91x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>P\/B Ratio<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">7.88x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>ROE<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">13.76%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>ROCE<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">15.85%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>EPS<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 49.8<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Book Value Per Share<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 467.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Dividend Yield<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">0.54%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Thermax Fundamental Analysis shows a business that still carries a premium valuation despite today\u2019s decline. At the current price, the stock trades at a P\/E ratio of 73.91 and a P\/B ratio of 7.88, while market capitalisation stands at Rs 43,852.50 crore. Those metrics place Thermax among the larger names in its industry, but size alone does not answer whether the valuation is demanding.<\/p>\n<p>On profitability, the company\u2019s ROE is 13.76% and ROCE is 15.85%. These are important because they indicate how efficiently the business has generated returns on shareholder equity and capital employed. EPS is Rs 49.80, which represents the earnings attributable to each share, while book value per share is Rs 467.02, showing the accounting net worth behind each share. Dividend yield stands at 0.54%, which gives a current indication of payout relative to the market price.<\/p>\n<p>For investors scanning Thermax Financial Results, Thermax Earnings and Thermax Stock Analysis, the supplied fundamentals suggest a profitable company with moderate return ratios, but one that is still trading at elevated valuation multiples. That makes the sector benchmark and peer comparison especially relevant. Univest therefore turns next to industry context rather than any rating or forecast.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sector_and_Industry_Context\"><\/span><strong>Sector and Industry Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0 22px 0;\">\n<thead>\n<tr>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:10px 12px;background:#F7F9FC;\">Metric<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:10px 12px;background:#F7F9FC;\">Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Sector<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Capital Goods<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Industry<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Engineering &#8211; Industrial Equipments<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Scope<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">same industry<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Company P\/E Ratio<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">73.91x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Median P\/E<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">29.81x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Average P\/E<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">83.35x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark P\/E Range<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">0.49x to 4,991.73x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Company P\/B Ratio<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">7.88x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Median P\/B<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">2.79x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Average P\/B<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">9.46x<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Company ROE<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">13.76%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Median ROE<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">13.76%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Average ROE<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">19.98%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Company ROCE<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">15.85%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Median ROCE<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">15.87%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Average ROCE<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">18.83%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Company Market Capitalisation<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 43,852.5 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Median Market Cap<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 347.26 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\"><strong>Benchmark Average Market Cap<\/strong><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:10px 12px;\">Rs 2,866.42 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Thermax operates in the Capital Goods sector and the Engineering &#8211; Industrial Equipments industry. The industry benchmark supplied here covers 164 companies in the same industry, which helps place the stock\u2019s valuation and return profile in a broader context rather than viewing today\u2019s decline in isolation.<\/p>\n<p>The most striking comparison is on valuation. Thermax\u2019s company P\/E of 73.91 is far above the industry median P\/E of 29.81, though still below the industry average of 83.35. The industry P\/E range is very wide, from 0.49 to 4,991.73, based on 144 companies with available P\/E data. On price-to-book, Thermax\u2019s P\/B of 7.88 is above the industry median of 2.79 but below the industry average of 9.46, within a range of -93.79 to 963.64 across 164 companies.<\/p>\n<p>Profitability is more balanced. Thermax\u2019s ROE of 13.76% is exactly in line with the industry median ROE of 13.76% but below the average of 19.98% across 161 companies. Its ROCE of 15.85% is marginally below the median of 15.87% and below the average of 18.83%, also across 161 companies. In size terms, Thermax Market Cap of Rs 43,852.50 crore is well above the industry median market capitalisation of Rs 347.26 crore and the average of Rs 2,866.42 crore, though below the maximum of Rs 1,49,937.65 crore. Univest reads that mix as premium valuation with broadly median return metrics within the same industry.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Peer_Comparison\"><\/span><strong>Peer Comparison<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0 22px 0;\">\n<thead>\n<tr>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:8px;background:#F7F9FC;\">Company<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:8px;background:#F7F9FC;\">Symbol<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:8px;background:#F7F9FC;\">Market Cap (Cr)<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:8px;background:#F7F9FC;\">P\/E<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:8px;background:#F7F9FC;\">P\/B<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:8px;background:#F7F9FC;\">ROE (%)<\/th>\n<th style=\"text-align:left;border:1px solid #E3E7EE;padding:8px;background:#F7F9FC;\">ROCE (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/bhel\/bharat-heavy-electricals-ltd-share-price-today\" style=\"color:#0645AD;text-decoration:underline;\"><strong>Bharat Heavy Electricals<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">BHEL<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">1,49,937.65<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">61.64<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">5.66<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">6.29<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">9.24<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/jyoticnc\/jyoti-cnc-automation-ltd-share-price-today\" style=\"color:#0645AD;text-decoration:underline;\"><strong>Jyoti CNC Automation<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">JYOTICNC<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">22,468.26<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">69.84<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">10.92<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">18.22<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">21.34<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/inoxindia\/inox-india-ltd-share-price-today\" style=\"color:#0645AD;text-decoration:underline;\"><strong>Inox India<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">INOXINDIA<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">20,418.91<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">80.12<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">17.51<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">26.11<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">33.54<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/azad\/azad-engineering-ltd-share-price-today\" style=\"color:#0645AD;text-decoration:underline;\"><strong>Azad Engineering<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">AZAD<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">18,379.96<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">132.25<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.75<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">9.14<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">12.04<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/triturbine\/triveni-turbine-ltd-share-price-today\" style=\"color:#0645AD;text-decoration:underline;\"><strong>Triveni Turbine<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">TRITURBINE<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">18,091.6<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">53.8<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">12.11<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">26.32<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">35.95<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Against listed peers, Thermax sits in an interesting middle ground. Its market cap of Rs 43,852.50 crore is smaller than Bharat Heavy Electricals at Rs 1,49,937.65 crore, but comfortably above Jyoti CNC Automation at Rs 22,468.26 crore, Inox India at Rs 20,418.91 crore, Azad Engineering at Rs 18,379.96 crore and Triveni Turbine at Rs 18,091.60 crore.<\/p>\n<p>On valuation, Thermax\u2019s P\/E of 73.91 is above BHEL\u2019s 61.64, Jyoti CNC\u2019s 69.84 and Triveni Turbine\u2019s 53.80, below Inox India\u2019s 80.12 and well below Azad Engineering\u2019s 132.25. Its P\/B of 7.88 is higher than BHEL\u2019s 5.66, but lower than Jyoti CNC\u2019s 10.92, Inox India\u2019s 17.51, Azad\u2019s 11.75 and Triveni Turbine\u2019s 12.11.<\/p>\n<p>Profitability comparisons are equally mixed. Thermax ROE of 13.76% is stronger than BHEL\u2019s 6.29% and Azad\u2019s 9.14%, close to Lloyds-style mid-teen territory implied by the industry, but below Jyoti CNC\u2019s 18.22%, Inox India\u2019s 26.11% and Triveni Turbine\u2019s 26.32%. Its ROCE of 15.85% is better than BHEL\u2019s 9.24% and Azad\u2019s 12.04%, but behind Jyoti CNC\u2019s 21.34%, Inox India\u2019s 33.54% and Triveni Turbine\u2019s 35.95%. For Thermax Share Price, that peer set suggests the stock is neither the cheapest nor the highest-return name in the pack.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Investors_Are_Watching_Thermax\"><\/span><strong>Why Investors Are Watching Thermax<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Thermax Share Price is down 4.09% today to Rs 3,529.75, with weakness visible from the opening level.<\/li>\n<li>The stock opened at Rs 3,719.95, which was also the session high, before slipping to Rs 3,527.10.<\/li>\n<li>RSI stands at 30.76, indicating weak momentum after the day\u2019s decline.<\/li>\n<li>P\/E of 73.91 and P\/B of 7.88 keep valuation in focus despite ROE of 13.76% and ROCE of 15.85%.<\/li>\n<li>Its market cap of Rs 43,852.50 crore is far above the same-industry median of Rs 347.26 crore, making it a prominent sector name on Univest.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"About_Thermax\"><\/span><strong>About Thermax<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Thermax is classified under the Capital Goods sector and operates in the Engineering &#8211; Industrial Equipments industry. Within the supplied same-industry benchmark of 164 companies, it is one of the larger listed players by market capitalisation at Rs 43,852.50 crore. That scale places it well above the industry median market cap of Rs 347.26 crore and the average of Rs 2,866.42 crore, although below the largest company in the benchmark universe. For readers following Thermax Company News and Thermax Latest News, the company\u2019s market positioning makes its share price moves relevant within the broader industrial equipment space.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Track_Thermax_Share_Price_on_Univest\"><\/span><strong>Track Thermax Share Price on Univest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Use<a href=\"https:\/\/univest.in\/stocks\/thermax\/thermax-ltd-share-price-today\">Thermax (THERMAX) live share-price page<\/a>,<a href=\"https:\/\/univest.in\/screeners\/top-decliners\">Univest top decliners screener<\/a>,<a href=\"https:\/\/univest.in\/blogs\">Univest market blogs<\/a>to review live stock data, top decliners and related market analysis.<\/p>\n<p>Investors tracking Thermax Share Price Live can use Univest to follow real-time price moves, technical indicators, fundamental ratios, share price history, 52-week levels and broader market insights in one place. Univest also helps users compare Thermax Stock Performance with sector peers, review valuation metrics such as P\/E and P\/B, and monitor return ratios like ROE and ROCE alongside daily price action. For Thermax Stock News and Thermax Share Price Update, that broader context matters as much as a single day\u2019s move.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong>&nbsp;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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Thermax_Share_Price_fall_today\"><\/span><strong>Why did Thermax Share Price fall today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;The supplied data confirms Thermax Share Price declined 4.09% to Rs 3,529.75 from the previous close of Rs 3,680.25. However, the verified figures do not establish any company-specific catalyst behind today\u2019s fall.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_current_Thermax_Share_Price_Today\"><\/span><strong>What is the current Thermax Share Price Today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax Share Price Today stood at Rs 3,529.75 at the captured time on 15 September 2026. The stock was down Rs 150.50 for the session, after opening at Rs 3,719.95 and touching Rs 3,527.10 intraday.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_did_Thermax_stock_decline_in_todays_session\"><\/span><strong>How much did Thermax stock decline in today\u2019s session?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax stock fell Rs 150.50 in absolute terms, which translates into a 4.09% decline versus the previous close of Rs 3,680.25. The move placed the stock at Rs 3,529.75 in the supplied market snapshot.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_todays_price_action_show_for_Thermax\"><\/span><strong>What does today\u2019s price action show for Thermax?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;The price action shows early weakness and no intraday recovery above the open. Thermax opened at Rs 3,719.95, which was also the day\u2019s high, and later slipped to Rs 3,527.10 before trading near Rs 3,529.75.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_is_Thermax_valued_right_now\"><\/span><strong>How is Thermax valued right now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax is trading at a P\/E ratio of 73.91 and a P\/B ratio of 7.88. Those multiples are above the same-industry median P\/E of 29.81 and median P\/B of 2.79, indicating a premium relative to median benchmark levels.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_do_Thermax_profitability_metrics_show\"><\/span><strong>What do Thermax profitability metrics show?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax reported ROE of 13.76% and ROCE of 15.85% in the supplied data. Its ROE matches the industry median of 13.76%, while ROCE is marginally below the industry median of 15.87%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Thermax_EPS_book_value_and_dividend_yield\"><\/span><strong>What are Thermax EPS, book value and dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax has EPS of Rs 49.80, book value per share of Rs 467.02 and dividend yield of 0.54%. Together, these figures add context to earnings per share, accounting net worth and current payout relative to price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Thermax_compare_with_peers_in_its_industry\"><\/span><strong>How does Thermax compare with peers in its industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax sits between lower-valued and higher-valued peers. Its P\/E of 73.91 is above BHEL\u2019s 61.64 and Triveni Turbine\u2019s 53.80, but below Inox India\u2019s 80.12 and Azad Engineering\u2019s 132.25. The stock belongs to the Capital Goods sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_investors_monitor_next_in_Thermax_Stock_News\"><\/span><strong>What should investors monitor next in Thermax Stock News?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Investors may track whether Thermax holds near Rs 3,529.75 after today\u2019s drop, how it behaves relative to the 50 DMA of Rs 3,912.02 and 200 DMA of Rs 3,878.72, and whether valuation stays justified against peers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thermax Share Price falls to Rs 3,529.75. marking a 4.09% fall today. Market cap stands at Rs 43,852.5 crore.<\/p>\n","protected":false},"author":29,"featured_media":246736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-227317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["246736"],"rank_math_title":["Thermax Share Price Today: Price Fall and Sector Analysis"],"rank_math_description":["Thermax Share Price fell 4.09% to Rs 3,529.75. 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