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CGPOWER vs THERMAX: Stock Comparison

CG POWER AND IND SOL vs THERMAXUpdated 23 Oct 26, 4:08 PM ISTNSE & company filings

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

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

CGPOWERTHERMAX

Valuation lens

What price are you paying?

Market CapContext only
₹1.28 L Cr
₹36,886 Cr
P/E RatioTHERMAX has the lower reading
93.67x
62.16x ✓
P/B RatioTHERMAX has the lower reading
14.69x
6.65x ✓
EPSTHERMAX has the higher reading
₹1.96
₹2.12 ✓
Book ValueContext only
₹52.05
₹468.22
Dividend YieldTHERMAX has the higher reading
0.16%
0.45% ✓

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
CGPOWER is the larger company
₹1.28 L Cr vs ₹36,886 Cr
P/E Ratio
THERMAX has a lower P/E
62.16x vs 93.67x
P/B Ratio
THERMAX has a lower P/B
6.65x vs 14.69x
EPS
THERMAX has higher earnings per share
₹2.12 vs ₹1.96
Dividend Yield
THERMAX has a higher dividend yield
0.45% vs 0.16%
Revenue Growth (TTM YoY)
CGPOWER has faster revenue growth
25% vs 11.1%
EPS Growth (TTM YoY)
CGPOWER has faster EPS growth
30.5% vs 18.7%
ROE
CGPOWER has a higher ROE
14.6% vs 12.91%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricCGPOWERTHERMAX
SectorCapital GoodsCapital Goods
IndustryHeavy Electrical EquipmentHeavy Electrical Equipment

Price

MetricCGPOWERTHERMAX
Live Price₹813.35₹3,096
Day Change-0.46%-2.07%
Volume92.7 L1.77 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

MetricCGPOWERTHERMAX
Market Cap₹1.28 L Cr₹36,886 Cr
P/E Ratio93.67x62.16x
P/B Ratio14.69x6.65x
EPS₹1.96₹2.12
Book Value₹52.05₹468.22
Dividend Yield0.16%0.45%

Growth

MetricCGPOWERTHERMAX
Revenue Growth (TTM YoY)25%11.1%
EPS Growth (TTM YoY)30.5%18.7%
Qtr Sales Growth0%0%
Qtr Profit Growth0%0%

Profitability & Leverage

MetricCGPOWERTHERMAX
ROE14.6%12.91%
ROCE15.27%11.4%
Net Margin9.73%6.78%
Operating Margin13.19%10.73%
Debt to Equity0x0.41x

Shareholding

As of Sep 2026 • change vs previous quarter
MetricCGPOWERTHERMAX
Promoter Holding56.34%▼ 0.02 pp61.98%
FII Holding11.08%▼ 0.89 pp11.31%▼ 0.15 pp
DII Holding19.02%▲ 0.72 pp14.94%▼ 0.28 pp
Public Holding13.55%▲ 0.18 pp6.32%▲ 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.

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.