CGPOWER vs THERMAX: Stock Comparison
CG POWER AND IND SOL is the larger company by market capitalisation. CG POWER AND IND SOL shows a higher ROE, faster revenue growth and lower leverage, while THERMAX shows a lower P/E and a higher dividend yield. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
CGPOWER leads 7; THERMAX leads 4 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | CGPOWER | THERMAX |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | CGPOWER | THERMAX |
|---|---|---|
| Live Price | ₹813.35 | ₹3,096 |
| Day Change | -0.46% | -2.07% |
| Volume | 92.7 L | 1.77 L |
| 52-Week High | ₹980.9 | ₹5,277.8 |
| 52-Week Low | ₹525.5 | ₹2,742.7 |
| Distance from 52W High | -17.08% | -41.34% |
Valuation
| Metric | CGPOWER | THERMAX |
|---|---|---|
| Market Cap | ₹1.28 L Cr | ₹36,886 Cr |
| P/E Ratio | 93.67x | 62.16x |
| P/B Ratio | 14.69x | 6.65x |
| EPS | ₹1.96 | ₹2.12 |
| Book Value | ₹52.05 | ₹468.22 |
| Dividend Yield | 0.16% | 0.45% |
Growth
| Metric | CGPOWER | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 25% | 11.1% |
| EPS Growth (TTM YoY) | 30.5% | 18.7% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | CGPOWER | THERMAX |
|---|---|---|
| ROE | 14.6% | 12.91% |
| ROCE | 15.27% | 11.4% |
| Net Margin | 9.73% | 6.78% |
| Operating Margin | 13.19% | 10.73% |
| Debt to Equity | 0x | 0.41x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | CGPOWER | THERMAX |
|---|---|---|
| Promoter Holding | 56.34%▼ 0.02 pp | 61.98% |
| FII Holding | 11.08%▼ 0.89 pp | 11.31%▼ 0.15 pp |
| DII Holding | 19.02%▲ 0.72 pp | 14.94%▼ 0.28 pp |
| Public Holding | 13.55%▲ 0.18 pp | 6.32%▲ 0.44 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: CG POWER AND IND SOL and THERMAX.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

