{"id":286424,"date":"2026-10-05T11:23:44","date_gmt":"2026-10-05T05:53:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=286424"},"modified":"2026-10-05T11:23:44","modified_gmt":"2026-10-05T05:53:44","slug":"why-thermax-share-consecutive-price-fall-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-thermax-share-consecutive-price-fall-2026\/","title":{"rendered":"Thermax (THERMAX) Share Price Fall Streak: second straight session decline"},"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 3,278.2 today, down 2.55% from the previous close. Market cap was Rs 40,085.37 crore.<\/em><\/div>\n<p style=\"margin-top:0!important;\">Thermax Share Price Fall Streak has now extended into the <strong>second straight session<\/strong>, with the stock last traded at Rs 3,278.20 after a cumulative decline of 3.32% from the streak start base of Rs 3,390.85. Univest data confirms the move itself, though no company-specific trigger has been identified. The latest move leaves the stock Rs 85.90 lower than the previous close, and the pattern is notable because it shows repeated lower closes rather than a one-off slip.<\/p>\n<p>With a market capitalisation of Rs 40,085.37 crore, Thermax sits in the <strong>Large Cap<\/strong> category. For readers tracking Thermax Share Price Fall Streak, the key point is that a two-session slide tells a fuller story than a single intraday dip: it changes the context around valuation, sector standing and peer comparison, even when the underlying operating numbers have not changed over the same period.<\/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-consecutive-price-fall-2026\/#Thermax_THERMAX_Share_Price_Fall_Streak_Consecutive_Decline_Analysis\" title=\"Thermax (THERMAX) Share Price Fall Streak: Consecutive Decline Analysis\">Thermax (THERMAX) Share Price Fall Streak: Consecutive Decline 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-consecutive-price-fall-2026\/#What_the_Consecutive_Declines_Show\" title=\"What the Consecutive Declines Show\">What the Consecutive Declines Show<\/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-consecutive-price-fall-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-4\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-consecutive-price-fall-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-5\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-consecutive-price-fall-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-6\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-consecutive-price-fall-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-7\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-consecutive-price-fall-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-8\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-consecutive-price-fall-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-9\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-consecutive-price-fall-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-10\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-share-consecutive-price-fall-2026\/#Why_is_Thermax_Share_Price_falling_today\" title=\"Why is Thermax Share Price falling today?\">Why is Thermax Share Price falling 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-consecutive-price-fall-2026\/#How_much_has_Thermax_Share_Price_moved_in_the_current_streak\" title=\"How much has Thermax Share Price moved in the current streak?\">How much has Thermax Share Price moved in the current streak?<\/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-consecutive-price-fall-2026\/#What_is_the_current_market_capitalisation_of_Thermax\" title=\"What is the current market capitalisation of Thermax ?\">What is the current market capitalisation of 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-consecutive-price-fall-2026\/#What_valuation_ratios_stand_out_in_Thermax_Share_Price_Fall_Streak\" title=\"What valuation ratios stand out in Thermax Share Price Fall Streak?\">What valuation ratios stand out in Thermax Share Price Fall Streak?<\/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-consecutive-price-fall-2026\/#How_does_Thermax_compare_with_its_sector_benchmark\" title=\"How does Thermax compare with its sector benchmark?\">How does Thermax compare with its sector benchmark?<\/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-consecutive-price-fall-2026\/#What_do_EPS_and_book_value_show_for_Thermax\" title=\"What do EPS and book value show for Thermax ?\">What do EPS and book value show for Thermax ?<\/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-consecutive-price-fall-2026\/#How_does_Thermax_compare_with_peers_on_size_and_valuation\" title=\"How does Thermax compare with peers on size and valuation?\">How does Thermax compare with peers on size and valuation?<\/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-consecutive-price-fall-2026\/#What_should_investors_monitor_next_in_Thermax_Share_Price_Fall_Streak\" title=\"What should investors monitor next in Thermax Share Price Fall Streak?\">What should investors monitor next in Thermax Share Price Fall Streak?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Thermax_THERMAX_Share_Price_Fall_Streak_Consecutive_Decline_Analysis\"><\/span><strong>Thermax (THERMAX) Share Price Fall Streak: Consecutive Decline 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 3,278.2<\/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 3,364.1<\/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 85.90 (-2.55%)<\/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 3,358.25<\/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 3,397.3<\/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 3,276.4<\/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 40,085.37 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Thermax Share Price Fall Streak moved within a defined intraday range and stayed under pressure versus the prior close. The stock opened at Rs 3,358.25, touched a high of Rs 3,397.30 and a low of Rs 3,276.40 before last trading at Rs 3,278.20. That leaves it Rs 85.90 below the previous close of Rs 3,364.10, a decline of 2.55% for the move under review. The close was near the day\u2019s lower end, which is relevant for anyone following Thermax Share Price Today and Thermax Share Price Fall Streak together.<\/p>\n<p>Turnover, where considered alongside price, only describes the value traded and should not be read as a behavioural signal. The market capitalisation of Rs 40,085.37 crore places this move in the context of a large business rather than a small, thinly valued counter. For readers looking at Thermax Share Price Fall Streak, the key takeaway from the session is simple: the stock spent the day below its opening level, remained under its previous close, and extended the lower-close pattern that has defined the streak. That sets up the fundamental read.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_the_Consecutive_Declines_Show\"><\/span><strong>What the Consecutive Declines Show<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Thermax Share Price Fall Streak matters because consecutive lower closes are different from a single-day dip. The current streak began from Rs 3,390.85, and the stock has now moved 3.32% lower across the run. That tells readers the weakness has persisted across sessions rather than being confined to one trading move. According to Univest data, the price pattern is confirmed, but it does not establish why the decline has continued.<\/p>\n<p>For a stock like Thermax, a second straight session lowers the reference point used by the market to judge valuation, sector positioning and peer comparison. The headline numbers do not change the business, but they do change where the stock trades relative to recent history. In that sense, Thermax Share Price Fall Streak is less about one red candle and more about a short run of lower pricing that now frames every valuation ratio and market-cap comparison that follows. That is the right bridge into the company\u2019s fundamentals.<\/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 40,085.37 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;\">67.56x<\/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;\">7.2x<\/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;\">0.59%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Thermax (THERMAX) fundamental metrics show P\/E 67.56x, P\/B 7.2x, ROE 13.76%, ROCE 15.85%. Read together, these ratios describe the company&#8217;s position rather than a recommendation.<\/p>\n<p>Thermax has a market capitalisation of Rs 40,085.37 crore and falls in the Large Cap category, which gives readers a sense of company size before judging valuation. On valuation, P\/E at 67.56x, P\/B at 7.2x should be read against the sector and peer benchmarks rather than as a standalone signal. Profitability is represented by ROE of 13.76% and ROCE of 15.85%, helping investors compare shareholder returns and capital efficiency. According to latest Univest data, additional metrics include EPS of Rs 49.8, book value per share of Rs 467.02, dividend yield of 0.59%, adding context to earnings, balance-sheet value and historical payout. Against the latest Univest same industry benchmark, these figures can be compared with benchmark median P\/E of 28.47x, median ROE of 13.43%, median ROCE of 15.85%. These numbers explain the fundamental backdrop without converting the article into a buy or sell 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;\">67.56x<\/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;\">28.47x<\/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;\">85.87x<\/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;\">0.65x to 5,257.31x<\/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;\">7.2x<\/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;\">9.29x<\/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;\">13.43%<\/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;\">19.6%<\/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;\">15.85%<\/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;\">18.57%<\/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 40,085.37 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 360.09 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 2,839.69 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Thermax (THERMAX) operates in the Capital Goods sector, within the Engineering &#8211; Industrial Equipments industry.<\/p>\n<p>Thermax (THERMAX) has a P\/E ratio of 67.56x, which is above the benchmark median of 28.47x, a difference of +137.3%. The P\/E comparison frames valuation; it is not a signal to buy or sell.<\/p>\n<p>Thermax (THERMAX) has a ROE of 13.76%, which is above the benchmark median of 13.43%, a difference of +2.46%. Thermax (THERMAX) has a ROCE of 15.85%, which is equal to the benchmark median of 15.85%, a difference of 0%.<\/p>\n<p>Track stocks among today&#39;s decliners through the <a href=\"https:\/\/univest.in\/screeners\/top-decliners\">Univest top decliners screener<\/a>. The peer table below provides the company-level comparison.<\/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;\">1,46,943.07<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">60.41<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">5.54<\/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;\">23,537.15<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">73.16<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.43<\/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;\">19,747.45<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">77.49<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">16.94<\/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;\">18,470.7<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">132.9<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.81<\/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;\">16,855.08<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">50.12<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">11.28<\/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>Thermax (THERMAX) has a P\/E ratio of 67.56x compared with the displayed peer median of 73.16x. Peer multiples give relative context only, not a buy or sell view. Its ROE of 13.76% compares with a peer median of 18.22% across the companies shown in the table. ROCE stood at 15.85% versus the displayed peer median of 21.34%, providing a capital-efficiency comparison. Thermax (THERMAX) has a market capitalisation of Rs 40,085.37 crore. Among the 5 peers shown, 1 has a larger market capitalisation.<\/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 Fall Streak has now run for a second straight session, so the pattern itself is the main market focus.<\/li>\n<li>The stock\u2019s P\/E of 67.56 and P\/B of 7.20 keep valuation central to Thermax Share Price Fall Streak analysis.<\/li>\n<li>ROE of 13.76% and ROCE of 15.85% provide the operating backdrop for readers tracking Thermax Share Price Fall Streak.<\/li>\n<li>With a market cap of Rs 40,085.37 crore, the move has a large-cap context that differs from smaller capital goods names.<\/li>\n<li>Thermax Share Price Fall Streak also stands out because the company remains inside a competitive engineering-industrial equipments peer set.<\/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 Share Price Fall Streak sits inside the broader story of a large Indian capital goods company operating in engineering and industrial equipment. The business context matters because the stock is being priced not as a short-lived theme, but as part of a manufacturing and energy-systems franchise within an established industrial sector. Thermax\u2019s industry classification is Engineering &#8211; Industrial Equipments, and that places it alongside companies that serve core industrial demand rather than consumer-facing segments.<\/p>\n<p>For readers interpreting Thermax Share Price Fall Streak, the business lens is straightforward: the company belongs to a sector where valuation, returns and scale often move together in investor debate. That makes the current decline more relevant than a simple price tick, because the market is adjusting its view of a large industrial name rather than a niche counter.<\/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>Readers can track Thermax Share Price Fall Streak on Univest alongside live share price updates, valuation ratios, market capitalisation, 52-week levels and company insights. Thermax Share Price Fall Streak can also be followed through sector and peer context so that the price move is viewed in relation to fundamentals, not in isolation. Univest keeps the focus on factual market updates and comparable metrics.<\/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> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Uniresearch Global Pvt. Ltd. (Research Analyst, SEBI Reg. No. INH000013776, a subsidiary of Univest Communication Technologies Private Limited).<\/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_is_Thermax_Share_Price_falling_today\"><\/span><strong>Why is Thermax Share Price falling today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Univest data confirms the move itself, though no company-specific trigger has been identified. Thermax Share Price Fall Streak shows a second straight session of lower pricing, with the stock last trading at Rs 3,278.20.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_has_Thermax_Share_Price_moved_in_the_current_streak\"><\/span><strong>How much has Thermax Share Price moved in the current streak?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax Share Price Fall Streak is down 3.32% from the streak start base of Rs 3,390.85. The latest trade at Rs 3,278.20 sits below the previous close of Rs 3,364.10, confirming continued weakness.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_current_market_capitalisation_of_Thermax\"><\/span><strong>What is the current market capitalisation of Thermax ?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax Share Price Fall Streak is unfolding with a market capitalisation of Rs 40,085.37 crore. That keeps the move in a large-cap context, which is important when comparing the stock with peers in engineering and industrial equipment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_valuation_ratios_stand_out_in_Thermax_Share_Price_Fall_Streak\"><\/span><strong>What valuation ratios stand out in Thermax Share Price Fall Streak?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax Share Price Fall Streak is framed by a P\/E of 67.56 and a P\/B of 7.20. Those figures sit above the industry medians of 28.47 and 2.79, respectively, within the same industry benchmark.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Thermax_compare_with_its_sector_benchmark\"><\/span><strong>How does Thermax compare with its sector benchmark?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax Share Price Fall Streak leaves the company above the industry median on P\/E and P\/B, while ROE at 13.76% is slightly above the 13.43% median and ROCE at 15.85% matches the benchmark median exactly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_do_EPS_and_book_value_show_for_Thermax\"><\/span><strong>What do EPS and book value show for Thermax ?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax Share Price Fall Streak does not change EPS or book value. EPS is Rs 49.8 and book value is Rs 467.02, so the lower share price mainly alters valuation multiples rather than the underlying accounting base.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Thermax_compare_with_peers_on_size_and_valuation\"><\/span><strong>How does Thermax compare with peers on size and valuation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Thermax Share Price Fall Streak still leaves the company larger than peers such as Jyoti CNC, Inox India, Azad Engineering and Triveni Turbine by market cap, while its P\/E stays below some peers and above others in the same.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_investors_monitor_next_in_Thermax_Share_Price_Fall_Streak\"><\/span><strong>What should investors monitor next in Thermax Share Price Fall Streak?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>&nbsp;Investors tracking Thermax Share Price Fall Streak should watch the next price reference, the stock\u2019s position versus the previous close and whether valuation multiples remain elevated relative to the industry benchmark. The latest move remains a factual streak, not.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Thermax Share Price falling today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Univest data confirms the move itself, though no company-specific trigger has been identified. Thermax Share Price Fall Streak shows a second straight session of lower pricing, with the stock last trading at Rs 3,278.20.\"}},{\"@type\":\"Question\",\"name\":\"How much has Thermax Share Price moved in the current streak?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Thermax Share Price Fall Streak is down 3.32% from the streak start base of Rs 3,390.85. 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The latest move remains a factual streak, not.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thermax Share Price fell 2.55% to Rs 3,278.20 today, extending the decline to a second straight session (-3.32% across the streak). Market cap stands at Rs 40,085.37 crore.<\/p>\n","protected":false},"author":35,"featured_media":286423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-286424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["286423"],"rank_math_title":["Thermax Share Price Fall Streak and valuation read"],"rank_math_description":["Thermax Share Price Fall Streak extends after a 2.55% decline. 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