{"id":341689,"date":"2026-11-06T11:40:38","date_gmt":"2026-11-06T06:10:38","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=341689"},"modified":"2026-11-06T11:40:38","modified_gmt":"2026-11-06T06:10:38","slug":"why-thermax-ltd-share-price-52-week-low-today-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-thermax-ltd-share-price-52-week-low-today-2026\/","title":{"rendered":"Thermax (THERMAX) Share Price Hits Fresh 52-Week Low of Rs 2,670, Trades Down 18.8%"},"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 Ltd. (THERMAX)<\/a> share price fell to a fresh 52-week low of Rs 2,670 today and later stood at Rs 2,698, down 18.8% from the previous close. Market cap was Rs 39,094.59 crore.<\/em><\/div>\n<p style=\"margin-top:0!important;\">Thermax Share Price traded at Rs 2,698 on 06 November 2026, down 18.8% as of 11:36 AM IST, after the stock touched a fresh 52-week low of Rs 2,670. Thermax Ltd. has a market capitalisation of Rs 39,094.59 crore.<\/p>\n<p>The event is relevant because an 18.8% fall from the previous close has taken the stock to a one-year low. The fall has put Thermax among the Stocks at 52 Week Low in the Indian stock market today.<\/p>\n<p>Key ratios stand at a P\/E ratio of 66.72, a P\/B ratio of 7.11, ROE of 13.76% and ROCE of 15.85%. Investors can monitor how the Thermax Share Price moves relative to today&#8217;s low of Rs 2,670 and how its valuation compares with Capital Goods peers, covered in the sections below.<\/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-ltd-share-price-52-week-low-today-2026\/#Thermax_Share_Price_Today_Price_Action_Analysis\" title=\"Thermax Share Price Today: Price Action Analysis\">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-ltd-share-price-52-week-low-today-2026\/#Why_Thermax_Ltd_THERMAX_May_Be_Moving_Today\" title=\"Why Thermax Ltd. (THERMAX) May Be Moving Today\">Why Thermax Ltd. (THERMAX) May Be Moving Today<\/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-ltd-share-price-52-week-low-today-2026\/#Thermax_Ltd_THERMAX_Fundamental_Analysis\" title=\"Thermax Ltd. (THERMAX) Fundamental Analysis\">Thermax Ltd. (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-ltd-share-price-52-week-low-today-2026\/#Sector_and_Industry_Context\" title=\"Sector and Industry Context\">Sector and Industry Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-ltd-share-price-52-week-low-today-2026\/#Peer_Comparison\" title=\"Peer Comparison\">Peer Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-ltd-share-price-52-week-low-today-2026\/#Why_Investors_Are_Watching_Thermax\" title=\"Why Investors Are Watching Thermax\">Why Investors Are Watching Thermax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-ltd-share-price-52-week-low-today-2026\/#About_Thermax\" title=\"About Thermax\">About Thermax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-ltd-share-price-52-week-low-today-2026\/#Track_Thermax_Share_Price_on_Univest\" title=\"Track Thermax Share Price on Univest\">Track Thermax Share Price on Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-ltd-share-price-52-week-low-today-2026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-ltd-share-price-52-week-low-today-2026\/#What_is_the_Thermax_Share_Price_today\" title=\"What is the Thermax Share Price today?\">What is the 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-ltd-share-price-52-week-low-today-2026\/#Why_is_Thermax_falling_today\" title=\"Why is Thermax falling today?\">Why is Thermax falling today?<\/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-ltd-share-price-52-week-low-today-2026\/#How_far_is_the_Thermax_Share_Price_from_its_52-week_low\" title=\"How far is the Thermax Share Price from its 52-week low?\">How far is the Thermax Share Price from its 52-week low?<\/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-ltd-share-price-52-week-low-today-2026\/#What_is_the_Thermax_market_cap\" title=\"What is the Thermax market cap?\">What is the Thermax market cap?<\/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-ltd-share-price-52-week-low-today-2026\/#How_does_the_Thermax_Share_Price_valuation_compare_with_its_industry\" title=\"How does the Thermax Share Price valuation compare with its industry?\">How does the Thermax Share Price valuation compare with its industry?<\/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-ltd-share-price-52-week-low-today-2026\/#What_are_the_ROE_and_ROCE_of_Thermax\" title=\"What are the ROE and ROCE of Thermax?\">What are the ROE and ROCE of 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-ltd-share-price-52-week-low-today-2026\/#What_are_the_EPS_book_value_and_dividend_yield_of_Thermax\" title=\"What are the EPS, book value and dividend yield of Thermax?\">What are the EPS, book value and dividend yield of Thermax?<\/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-ltd-share-price-52-week-low-today-2026\/#How_does_Thermax_compare_with_its_listed_peers\" title=\"How does Thermax compare with its listed peers?\">How does Thermax compare with its listed peers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/why-thermax-ltd-share-price-52-week-low-today-2026\/#Should_investors_track_the_Thermax_Share_Price\" title=\"Should investors track the Thermax Share Price?\">Should investors track the Thermax Share Price?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Thermax_Share_Price_Today_Price_Action_Analysis\"><\/span><strong>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<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<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 2,698<\/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 3,322.5<\/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 -624.5 (-18.8%)<\/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 3,010<\/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 3,033.35<\/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 2,670<\/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 39,094.59 crore<\/td>\n<\/tr>\n<\/table>\n<p>Thermax Ltd. (THERMAX) traded at Rs 2,698 versus the previous close of Rs 3,322.5, a fall of 18.8%. The stock opened at Rs 3,010, reached a high of Rs 3,033.35, touched a low of Rs 2,670.<\/p>\n<p>Thermax Share Price was at Rs 2,698 as of 06 November 2026 at 11:36 AM IST, a fall of Rs 624.50 from the previous close of Rs 3,322.50. The stock opened at Rs 3,010, touched a high of Rs 3,033.35 and touched a low of Rs 2,670, which is its fresh 52-week low.<\/p>\n<p>The opening price was Rs 312.50 below the previous close, and the stock has since moved lower, with the current price Rs 28 above the day&#8217;s low. The gap between the day&#8217;s high and low is Rs 363.35, while the Thermax 52 Week Low and the day&#8217;s low are the same Rs 2,670. Market capitalisation stands at Rs 39,094.59 crore. These Thermax Stock Performance numbers confirm what happened. The Thermax Fundamental Analysis below shows the valuation and return ratios behind that price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Thermax_Ltd_THERMAX_May_Be_Moving_Today\"><\/span><strong>Why Thermax Ltd. (THERMAX) May Be Moving Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"news-context\">According to recent news reports, four items are linked with Thermax Ltd. around today&#8217;s fall. At 11:34 am on 06 Nov, the company was reported to anticipate revenue above Rs 70 billion across Q3 and Q4, compared with Rs 28 billion in Q2. At 06:07 pm on 05 Nov, three Q2 results items were reported: revenue of 27.56 billion rupees against 24.74 billion rupees a year earlier, EBITDA of 1.94 billion rupees against 1.72 billion rupees with the EBITDA margin at 7.04% from 6.95%, and a consolidated net profit of 1.15 billion rupees against 1.2 billion rupees, described as an earnings miss. The profit item could be linked to the decline, while the outlook, revenue and EBITDA items point the other way and were reported on the same or previous day. The market data itself does not establish a single confirmed cause. Thermax Ltd. has a market capitalisation of Rs 39,094.59 crore, which gives readers a sense of company size before judging valuation. On valuation, P\/E at 66.72x, P\/B at 7.11x 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 0.6%, 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 27x, median ROE of 12.33%, median ROCE of 15.61%. These numbers explain the fundamental backdrop without converting the article into a buy or sell view.<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Thermax_Ltd_THERMAX_Fundamental_Analysis\"><\/span><strong>Thermax Ltd. (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<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<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 39,094.59 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;\">66.72x<\/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;\">7.11x<\/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;\">0.6%<\/td>\n<\/tr>\n<\/table>\n<p>Thermax Ltd. (THERMAX) fundamental metrics show P\/E 66.72x, P\/B 7.11x, ROE 13.76%, ROCE 15.85%. Read together, these ratios describe the company&#8217;s position rather than a recommendation.<\/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<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<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;\">66.72x<\/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;\">27x<\/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;\">43.98x<\/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;\">1x to 688.15x<\/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;\">7.11x<\/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;\">3x<\/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;\">12.33%<\/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;\">15.61%<\/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 39,094.59 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 342.55 crore<\/td>\n<\/tr>\n<\/table>\n<p>Thermax Ltd. (THERMAX) operates in the Capital Goods sector, within the Engineering &#8211; Industrial Equipments industry.<\/p>\n<p>Thermax Ltd. (THERMAX) has a P\/E ratio of 66.72x, which is above the benchmark median of 27x, a difference of +147.11%. The P\/E comparison frames valuation; it is not a signal to buy or sell.<\/p>\n<p>Thermax Ltd. (THERMAX) has a ROE of 13.76%, which is above the benchmark median of 12.33%, a difference of +11.6%. Thermax Ltd. (THERMAX) has a ROCE of 15.85%, which is above the benchmark median of 15.61%, a difference of +1.54%.<\/p>\n<p>Track stocks falling to yearly lows through the <a href=\"https:\/\/univest.in\/screeners\/52-week-low\">Univest 52-week-low 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<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<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 Ltd.<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">JYOTICNC<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">23,514.41<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">75.25<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">10.87<\/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 Ltd.<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">INOXINDIA<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">17,565.14<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">69.68<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">14.79<\/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 Ltd.<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">AZAD<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">16,664.35<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">119.98<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">10.66<\/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 Ltd.<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">TRITURBINE<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">15,868.28<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">48.69<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">10.96<\/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\/lloydsengg\/lloyds-engineering-works-ltd-share-price-today\" style=\"color:#0645AD;text-decoration:underline;\"><strong>Lloyds Engineering Works Ltd.<\/strong><\/a><\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">LLOYDSENGG<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">12,872.64<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">59.44<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">5.53<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">13.59<\/td>\n<td style=\"border:1px solid #E3E7EE;padding:8px;\">17.99<\/td>\n<\/tr>\n<\/table>\n<p>Thermax Ltd. (THERMAX) has a P\/E ratio of 66.72x compared with the displayed peer median of 69.68x. 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 Ltd. (THERMAX) has a market capitalisation of Rs 39,094.59 crore. It is larger by market capitalisation than all 5 peers shown.<\/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><strong>Price action:<\/strong> the Thermax Share Price traded at Rs 2,698, down 18.8%, after touching a fresh 52-week low of Rs 2,670.<\/li>\n<li><strong>Valuation:<\/strong> the P\/E ratio of 66.72 and P\/B ratio of 7.11 compare with industry medians of 27 and 3.<\/li>\n<li><strong>Returns:<\/strong> ROE of 13.76% and ROCE of 15.85% are above industry medians of 12.33% and 15.61%.<\/li>\n<li><strong>Per-share data:<\/strong> EPS is Rs 49.8, book value is Rs 467.02 and dividend yield is 0.6%.<\/li>\n<li><strong>Peer position:<\/strong> market cap of Rs 39,094.59 crore is above all five listed peers, while the P\/E ratio is below three of them.<\/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 Ltd. (THERMAX) is a listed company in the Capital Goods sector, classified under the Engineering &#8211; Industrial Equipments industry. Peers in the same industry include Jyoti CNC Automation, Inox India, Azad Engineering, Triveni Turbine and Lloyds Engineering Works.<\/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 Ltd. (THERMAX) live share-price page<\/a>, <a href=\"https:\/\/univest.in\/screeners\/52-week-low\">Univest 52-week-low screener<\/a>, <a href=\"https:\/\/univest.in\/blogs\">Univest market blogs<\/a> to review live stock data, yearly-low lists and related market analysis.<\/p>\n<p>Univest brings the Thermax Share Price Live, fundamental ratios, 52-week levels and market insights together in one place, with sector and peer context alongside. Readers following Thermax Stock News and each Thermax Share Price Update can check ratios and levels together as the Thermax Share Price changes through the day.<\/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=\"What_is_the_Thermax_Share_Price_today\"><\/span><strong>What is the Thermax Share Price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Thermax Share Price was Rs 2,698 as of 06 November 2026 at 11:36 AM IST, down Rs 624.50 or 18.8% from the previous close of Rs 3,322.50. The stock opened at Rs 3,010 today.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Thermax_falling_today\"><\/span><strong>Why is Thermax falling today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong>The stock is down 18.8% at Rs 2,698 as of 11:36 AM IST against a previous close of Rs 3,322.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_far_is_the_Thermax_Share_Price_from_its_52-week_low\"><\/span><strong>How far is the Thermax Share Price from its 52-week low?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Thermax Share Price of Rs 2,698 is Rs 28 above the fresh 52-week low of Rs 2,670 touched today. The stock opened at Rs 3,010 and touched a high of Rs 3,033.35.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Thermax_market_cap\"><\/span><strong>What is the Thermax market cap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Thermax has a market capitalisation of Rs 39,094.59 crore. Market cap indicates company size, not quality. Within the same-industry benchmark of 169 companies, the median market cap is Rs 342.55 crore and average is Rs 2,666.96 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_the_Thermax_Share_Price_valuation_compare_with_its_industry\"><\/span><strong>How does the Thermax Share Price valuation compare with its industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Thermax has a P\/E ratio of 66.72 against a same-industry median of 27 and average of 43.98, so it sits 147.11% above the median. Its P\/B ratio is 7.11 against a median of 3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_ROE_and_ROCE_of_Thermax\"><\/span><strong>What are the ROE and ROCE of Thermax?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Thermax has an ROE of 13.76% and ROCE of 15.85%. The industry median ROE is 12.33% and median ROCE is 15.61%, so both ratios are above the benchmark medians, by 11.6% and 1.54% respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_EPS_book_value_and_dividend_yield_of_Thermax\"><\/span><strong>What are the EPS, book value and dividend yield of Thermax?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Thermax has an EPS of Rs 49.8 and a book value of Rs 467.02 per share. Its dividend yield is 0.6%, which is a historical payout relative to the current price, not a guaranteed future payout.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Thermax_compare_with_its_listed_peers\"><\/span><strong>How does Thermax compare with its listed peers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The market cap of Thermax, Rs 39,094.59 crore, is above Jyoti CNC, Inox India, Azad Engineering, Triveni Turbine and Lloyds Engineering Works. Its P\/E ratio of 66.72 is below three of those five peers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_investors_track_the_Thermax_Share_Price\"><\/span><strong>Should investors track the Thermax Share Price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors can track the Thermax Share Price relative to its fresh 52-week low of Rs 2,670, its P\/E ratio of 66.72 and ROE of 13.76%, along with peer and sector benchmarks, for information only.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Thermax Share Price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Thermax Share Price was Rs 2,698 as of 06 November 2026 at 11:36 AM IST, down Rs 624.50 or 18.8% from the previous close of Rs 3,322.50. The stock opened at Rs 3,010 today.\"}},{\"@type\":\"Question\",\"name\":\"Why is Thermax falling today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Univest data confirms the move itself, though no company-specific trigger has been identified. The stock is down 18.8% at Rs 2,698 as of 11:36 AM IST against a previous close of Rs 3,322.50.\"}},{\"@type\":\"Question\",\"name\":\"How far is the Thermax Share Price from its 52-week low?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Thermax Share Price of Rs 2,698 is Rs 28 above the fresh 52-week low of Rs 2,670 touched today. The stock opened at Rs 3,010 and touched a high of Rs 3,033.35.\"}},{\"@type\":\"Question\",\"name\":\"What is the Thermax market cap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Thermax has a market capitalisation of Rs 39,094.59 crore. Market cap indicates company size, not quality. 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Its P\/E ratio of 66.72 is below three of those five peers.\"}},{\"@type\":\"Question\",\"name\":\"Should investors track the Thermax Share Price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors can track the Thermax Share Price relative to its fresh 52-week low of Rs 2,670, its P\/E ratio of 66.72 and ROE of 13.76%, along with peer and sector benchmarks, for information only.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thermax Ltd. Share Price hit a fresh 52-week low of Rs 2,670 today and is trading at Rs 2,698, down 18.8% on the day. Market cap stands at Rs 39,094.59 crore.<\/p>\n","protected":false},"author":35,"featured_media":341688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-341689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["341688"],"rank_math_title":["Thermax Share Price Hits Fresh 52-Week Low of Rs 2,670 Today"],"rank_math_description":["Thermax Share Price traded at Rs 2,698, down 18.8%, after a fresh 52-week low of Rs 2,670. See market cap, P\/E, ROE, ROCE and peer comparison."],"rank_math_focus_keyword":["Thermax Share Price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/Thermax_THERMAX_Share_Price_Hits_Fresh_52_Week_Low_of_Rs_2670_Trades_Down_188_bearish.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/341689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=341689"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/341689\/revisions"}],"predecessor-version":[{"id":341690,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/341689\/revisions\/341690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/341688"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=341689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=341689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=341689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}