{"id":262114,"date":"2026-09-22T14:22:50","date_gmt":"2026-09-22T08:52:50","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=262114"},"modified":"2026-09-22T14:22:50","modified_gmt":"2026-09-22T08:52:50","slug":"why-thermax-share-price-price-fall-2026-09-22","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-price-fall-2026-09-22\/","title":{"rendered":"Thermax (THERMAX) Share Price Falls 2.20% Today Amid Market Move"},"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 3,502.2 today, down 2.2% from the previous close. Market cap was Rs 42,305.85 crore.<\/em><\/div>\n<p class=\"univest-article-timestamp\" style=\"font-size:14px;color:#5F6673;margin:8px 0 18px 0;;margin-top:0!important;margin-bottom:0!important;\"><strong>Published:<\/strong>&nbsp;&nbsp;&nbsp;22 September 2026 at 2:19:16 PM IST<\/p>\n<p style=\"margin-top:0!important;\">Thermax Share Price fell today, with the stock closing at Rs 3,502.20 after a 2.20% decline. The company\u2019s 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\u2019s data shows a clear gap between the opening level and the closing price.<\/p>\n<p>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\u2019s 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\u2019s movement is important because it also needs to be read alongside valuation, earnings and sector context.<\/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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#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-price-fall-2026-09-22\/#What_is_Thermax_Share_Price_Today\" title=\"What is Thermax Share Price Today?\">What is 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-price-fall-2026-09-22\/#What_is_Thermaxs_market_capitalisation\" title=\"What is Thermax\u2019s market capitalisation?\">What is Thermax\u2019s market capitalisation?<\/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-price-fall-2026-09-22\/#How_is_Thermax_valued_on_earnings_and_book_value\" title=\"How is Thermax valued on earnings and book value?\">How is Thermax valued on earnings and book value?<\/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-price-fall-2026-09-22\/#How_do_Thermaxs_returns_compare_with_the_industry_benchmark\" title=\"How do Thermax\u2019s returns compare with the industry benchmark?\">How do Thermax\u2019s returns compare with the industry benchmark?<\/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-price-fall-2026-09-22\/#How_does_Thermax_compare_with_peers\" title=\"How does Thermax compare with peers?\">How does Thermax compare with peers?<\/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-price-fall-2026-09-22\/#Where_does_Thermax_fit_in_the_sector_context\" title=\"Where does Thermax fit in the sector context?\">Where does Thermax fit in the sector context?<\/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-price-fall-2026-09-22\/#What_should_investors_monitor_next_in_Thermax_Share_Price\" title=\"What should investors monitor next in Thermax Share Price?\">What should investors monitor next in Thermax Share Price?<\/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-price-fall-2026-09-22\/#Can_Thermax_Share_Price_news_be_tracked_on_Univest\" title=\"Can Thermax Share Price news be tracked on Univest?\">Can Thermax Share Price news be tracked on Univest?<\/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 3,502.2<\/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 3,580.95<\/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 78.75 (-2.2%)<\/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 3,581.2<\/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 3,612.1<\/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 3,498.75<\/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 1.5 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 42,305.85 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 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\u2019s 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.<\/p>\n<p>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\u2019s decline in a larger listed company rather than a change in the company\u2019s core scale. The fact that the stock ended close to the day\u2019s low also makes Thermax Share Price Fall a key search term for today\u2019s 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.<\/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 42,305.85 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;\">71.91x<\/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;\">7.67x<\/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;\">0.56%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>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.<\/p>\n<p>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\u2019s 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.<\/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;\">71.91x<\/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;\">29.17x<\/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;\">81.75x<\/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;\">0.54x to 4,664.08x<\/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;\">7.67x<\/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;\">2.81x<\/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;\">9.79x<\/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;\">13.68%<\/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;\">20.11%<\/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;\">15.96%<\/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;\">19.02%<\/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 42,305.85 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 366.4 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 2,870.17 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Thermax belongs to the Capital Goods sector and the Engineering &#8211; 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\u2019s 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.<\/p>\n<p>The company\u2019s 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.<\/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;\">1,51,121.55<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">62.02<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">5.69<\/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;\">23,886.25<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">78.72<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">12.3<\/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;\">19,077.8<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">74.4<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">16.26<\/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\/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;\">18,082.06<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">52.52<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.83<\/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<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;\">17,984.08<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">128.36<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.41<\/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<\/tbody>\n<\/table>\n<p>Thermax can also be read against the supplied peer set in Capital Goods and Engineering &#8211; 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.<\/p>\n<p>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\u2019s, but lower than the higher-return peers in the list. That makes the stock\u2019s valuation and return profile important for Thermax Stock Analysis on Univest.<\/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 fell 2.20% today to Rs 3,502.20, with the day\u2019s low at Rs 3,498.75 and the high at Rs 3,612.10.<\/li>\n<li>The previous close was Rs 3,580.95 and the opening price was Rs 3,581.20, which sets the day\u2019s price action in clear context.<\/li>\n<li>Market capitalisation stood at Rs 42,305.85 crore, placing the company in the Large Cap category.<\/li>\n<li>P\/E is 71.91, P\/B is 7.67, EPS is Rs 49.80 and book value is Rs 467.02 per share.<\/li>\n<li>ROE is 13.76% and ROCE is 15.85%, while the company\u2019s industry benchmark covers 163 firms in Engineering &#8211; Industrial Equipments.<\/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 operates in the Capital Goods sector and the Engineering &#8211; 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\u2019s data.<\/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&nbsp;<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>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.<\/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;&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;&nbsp;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\u2019s open, high, low and close only show the price movement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Thermax_Share_Price_Today\"><\/span><strong>What is Thermax Share Price Today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Thermaxs_market_capitalisation\"><\/span><strong>What is Thermax\u2019s market capitalisation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;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\u2019s move. The company operates in the Capital Goods sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_is_Thermax_valued_on_earnings_and_book_value\"><\/span><strong>How is Thermax valued on earnings and book value?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_Thermaxs_returns_compare_with_the_industry_benchmark\"><\/span><strong>How do Thermax\u2019s returns compare with the industry benchmark?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Thermax_compare_with_peers\"><\/span><strong>How does Thermax compare with peers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;Thermax\u2019s 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_does_Thermax_fit_in_the_sector_context\"><\/span><strong>Where does Thermax fit in the sector context?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;Thermax belongs to the Capital Goods sector and the Engineering &#8211; Industrial Equipments industry. The supplied benchmark compares it with 163 industry companies, which helps place today\u2019s price move in context.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_investors_monitor_next_in_Thermax_Share_Price\"><\/span><strong>What should investors monitor next in Thermax Share Price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Thermax_Share_Price_news_be_tracked_on_Univest\"><\/span><strong>Can Thermax Share Price news be tracked on Univest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thermax Share Price falls to Rs 3,502.2. marking a 2.2% fall today. Market cap stands at Rs 42,305.85 crore.<\/p>\n","protected":false},"author":29,"featured_media":262113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-262114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["262113"],"rank_math_title":["Thermax Share Price Update: Price Action and Sector View"],"rank_math_description":["Thermax Share Price fell 2.20% to Rs 3,502.20 today. 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