{"id":274333,"date":"2026-09-28T11:37:27","date_gmt":"2026-09-28T06:07:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=274333"},"modified":"2026-09-28T11:37:27","modified_gmt":"2026-09-28T06:07:27","slug":"why-thermax-share-price-price-fall-2026-09-28","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-thermax-share-price-price-fall-2026-09-28\/","title":{"rendered":"Thermax (THERMAX) Share Price falls 2.06% as stock news turns event-led"},"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 3,377.9 today, down 2.06% from the previous close. Market cap was Rs 41,097.01 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;28 September 2026 at 11:22:58 AM IST<\/p>\n<p style=\"margin-top:0!important;\"><strong>Thermax Share Price<\/strong> moved lower in today\u2019s session, with the stock ending at Rs 3,377.90 after a 2.06% decline. The company\u2019s market capitalisation stood at Rs 41,097.01 crore, keeping it in the Large Cap category. This Thermax Share Price move is relevant because the stock closed below the previous close of Rs 3,449 and did so without any company-specific catalyst being established in the supplied data. For readers tracking <strong>Thermax Share Price Today<\/strong>, the data confirms a clear same-day price fall and places the move in the context of a high-valuation Capital Goods stock. Univest is covering the event as part of its Thermax Stock News flow so investors can see the day\u2019s numbers, sector comparison and broader company context in one place.<\/p>\n<p>The day opened at Rs 3,448.40 and also touched the same level as the day high, while the low of the session was Rs 3,370.95. Turnover was Rs 0.51 crore. On the supplied figures, the event is best read as a price action update rather than a catalyst story. Univest\u2019s review therefore focuses on what the numbers show, what they do not show, and how the move compares with the company\u2019s valuation and sector backdrop. In this Thermax Share Price analysis, the immediate question is not only why the stock fell, but what the verified data says about the current setup.<\/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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#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-2026-09-28\/#How_does_Thermax_compare_with_the_sector_benchmark\" title=\"How does Thermax compare with the sector benchmark?\">How does Thermax compare with the sector benchmark?<\/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-2026-09-28\/#How_does_Thermax_compare_with_peers_on_valuation\" title=\"How does Thermax compare with peers on valuation?\">How does Thermax compare with peers on valuation?<\/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 3,377.9<\/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 3,449<\/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 71.10 (-2.06%)<\/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 3,448.4<\/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 3,448.4<\/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 3,370.95<\/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 0.51 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 41,097.01 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><strong>Thermax Share Price Today<\/strong> reflects a decline of Rs 71.10 from the previous close of Rs 3,449 to Rs 3,377.90. The stock opened at Rs 3,448.40, matched its high at the open, and then slipped to a low of Rs 3,370.95 before settling near the lower end of the session range. That gives the day a clear downward finish. The absolute move was modest in rupee terms compared with the stock\u2019s price level, but the percentage fall of 2.06% is still enough to make it a visible item in Thermax Stock News and broader market updates.<\/p>\n<p>The market-cap category supplied for the company is Large Cap, while the actual market capitalisation is Rs 41,097.01 crore. On a one-day basis, this <strong>Thermax Share Price<\/strong> movement is a factual decline with no verified company-specific trigger in the data set. Investors looking at Thermax Share Price Fall headlines should therefore separate the day\u2019s price behaviour from any assumed explanation. The session range, from Rs 3,448.40 to Rs 3,370.95, shows that the stock traded below its opening print for most of the day. For those tracking <strong>Thermax Share Price<\/strong> closely, the next step is to place this move alongside the company\u2019s valuation and sector benchmark.<\/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 41,097.01 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;\">69.26x<\/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;\">7.39x<\/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;\">0.58%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The supplied fundamentals show a business valued at a premium to many conventional industrial names.<strong>Thermax Share Price<\/strong> at Rs 3,377.90 corresponds to a P\/E ratio of 69.26 and a P\/B ratio of 7.39. The market capitalisation is Rs 41,097.01 crore. The reported ROE is 13.76% and ROCE is 15.85%, which indicate that the company is generating returns that can be compared meaningfully with the sector benchmark later in this article. EPS stands at Rs 49.8 and book value per share is Rs 467.02, both of which add useful context to the current price level.<\/p>\n<p>Dividend yield is 0.58%, which should be read as a factual yield figure rather than a forecast. For Thermax Stock Analysis, the key point is that the valuation is materially richer than the sector median, so the current price action sits against a backdrop of elevated multiples. Univest highlights this because <strong>Thermax Share Price News<\/strong> often attracts attention not only when the stock moves, but also when its valuation framework sits far from the industry median. The numbers support a classic market-cap, earnings and book-value discussion, not a directional call. Thermax Stock News should therefore be assessed with both price action and financial ratios in view.<\/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;\">69.26x<\/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;\">28.98x<\/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;\">90.3x<\/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;\">0.62x to 5,838.12x<\/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;\">7.39x<\/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;\">9.44x<\/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;\">13.59%<\/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;\">19.68%<\/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;\">18.62%<\/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 41,097.01 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 369.36 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 2,857.46 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The company operates in the Capital Goods sector, within the Engineering &#8211; Industrial Equipments industry. The benchmark scope supplied for this comparison is the same industry, covering 164 companies. In that universe, the company\u2019s P\/E of 69.26 sits above the benchmark median of 28.98 and also above the benchmark average of 90.3? Actually, the displayed numbers show the average is 90.3, so the company is below the average but above the median. That distinction matters in Thermax Stock Analysis because the median, not just the average, is often the more relevant middle point for a broad peer set. The company\u2019s P\/B of 7.39 is also above the industry median of 2.81 but below the industry average of 9.44.<\/p>\n<p>On profitability, ROE at 13.76% is slightly above the benchmark median of 13.59% and below the benchmark average of 19.68%. ROCE at 15.85% is essentially in line with the benchmark median of 15.87% and below the benchmark average of 18.62%. The sector data also shows market-cap median of Rs 369.36 crore and average of Rs 2,857.46 crore across the same industry, which places Thermax in a much larger market-cap bracket than the typical company in the set. That is a factual size comparison, not a quality judgment. For readers of <strong>Thermax Share Price Today<\/strong>, the sector numbers show that the stock trades on richer valuation metrics than the median industry company while keeping profitability close to the middle of the benchmark range. Univest uses this structure to separate price movement from valuation context.<\/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;\">1,45,968.1<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">60.01<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">5.51<\/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;\">24,236.48<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">75.33<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.77<\/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;\">19,598.34<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">76.9<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">16.81<\/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;\">17,628.88<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">126.85<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.27<\/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;\">17,622.81<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">52.4<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.8<\/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>The peer set shows that <strong>Thermax Share Price<\/strong> is being compared with a mix of larger and smaller listed engineering names. Its market capitalisation of Rs 41,097.01 crore is well below Bharat Heavy Electricals at Rs 145,968.1 crore, but above all the other supplied peers. In valuation terms, Thermax\u2019s P\/E of 69.26 is higher than BHEL\u2019s 60.01 and Lloyds Engineering Works at 68.3, but lower than Jyoti CNC Automation at 75.33, Inox India at 76.9, Azad Engineering at 126.85 and Tega Industries at 743.24.<\/p>\n<p>On returns, Thermax\u2019s ROE of 13.76% is below Inox India, Triveni Turbine and Jyoti CNC, but above BHEL and Azad Engineering. Its ROCE of 15.85% is also in the middle of the set: above BHEL, Azad and Tega, but below Jyoti CNC, Inox India and Triveni Turbine. That makes the <strong>Thermax Share Price<\/strong> story a balanced peer-analysis case rather than a clear outlier on profitability. In <strong>Thermax Share Price Today<\/strong> terms, the stock is expensive versus the broad benchmark median, yet not the most expensive name in the peer basket.<\/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>The stock closed at Rs 3,377.90 after falling 2.06% from the previous close of Rs 3,449.<\/li>\n<li>Thermax Share Price traded between Rs 3,448.40 and Rs 3,370.95 during the session.<\/li>\n<li>The market capitalisation is Rs 41,097.01 crore and the company is classified as Large Cap.<\/li>\n<li>The P\/E ratio is 69.26 and the P\/B ratio is 7.39, both useful for Thermax Stock Analysis.<\/li>\n<li>ROE is 13.76% and ROCE is 15.85%, which can be compared with the same-industry benchmark and peers.<\/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><strong>Thermax Share Price<\/strong> updates matter because the company sits in the Capital Goods sector and the Engineering &#8211; Industrial Equipments industry. The supplied classification positions Thermax within a broad industrial universe that includes equipment-oriented businesses, and the benchmark data in this article is drawn from the same industry. That context is important for Thermax Share Price News readers because it allows the session\u2019s decline to be read against valuation, profitability and peer comparison rather than against a vague market narrative.<\/p>\n<p>For company-level monitoring, Univest tracks Thermax Stock News alongside broader market context so users can follow the share price, company category and relevant financial ratios in one place. The name therefore appears not just as a headline stock, but as part of a larger engineering and capital goods comparison set. In current Thermax Share Price discussion, the factual focus remains on price, valuation and industry positioning.<\/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 <strong>Thermax Share Price<\/strong> on Univest for live updates, price action, market capitalisation, valuation ratios, shareholding pattern, 52-week levels and company insights. The same page also helps users review <strong>Thermax Share Price Today<\/strong> alongside broader market context and historical reference points. Univest keeps the format simple so Thermax Stock News can be followed quickly without losing the underlying numbers.<\/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 supplied data confirms that Thermax Share Price fell 2.06% to Rs 3,377.90, but it does not establish a company-specific catalyst. The session opened at Rs 3,448.40 and closed below the previous close of Rs 3,449.<\/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 3,377.90. The stock declined Rs 71.10, or 2.06%, during the session, with a day range between Rs 3,370.95 and Rs 3,448.40. The previous close was Rs 3,449.<\/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\u2019s market capitalisation is Rs 41,097.01 crore. The company is classified as Large Cap in the supplied dataset, which is the factual size context used in this article. The company operates in the Capital Goods sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Thermax_compare_with_the_sector_benchmark\"><\/span><strong>How does Thermax compare with the sector benchmark?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;Thermax\u2019s P\/E of 69.26 is above the industry median of 28.98 but below the industry average of 90.3. Its ROE of 13.76% is slightly above the median of 13.59% and close to the ROCE median of 15.87%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Thermax_compare_with_peers_on_valuation\"><\/span><strong>How does Thermax compare with peers on valuation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;&nbsp;Thermax\u2019s P\/E of 69.26 is higher than BHEL and Lloyds Engineering Works, but lower than Jyoti CNC, Inox India, Azad Engineering and Tega Industries. That places Thermax in the upper part of the supplied peer set.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thermax Share Price falls to Rs 3,377.9. marking a 2.06% fall today. Market cap stands at Rs 41,097.01 crore.<\/p>\n","protected":false},"author":29,"featured_media":274332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-274333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["274332"],"rank_math_title":["Thermax Share Price update on price fall and market cap"],"rank_math_description":["Thermax Share Price fell 2.06% to Rs 3,377.90. 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