EXICOM vs THERMAX: Stock Comparison
Exicom Tele-Systems Limited vs Thermax Ltd
Live data: 31 July 2026, 4:08 PM IST • Source: NSE and company filings
Thermax Ltd is the larger company by market capitalisation. Exicom Tele-Systems Limited shows a lower P/E and faster revenue growth, while Thermax Ltd shows a higher ROE, a higher dividend yield and lower leverage. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Side-by-side comparison of Exicom Tele-Systems Limited and Thermax Ltd on live price, valuation, growth, profitability, leverage and quarterly shareholding. Highlighted values mark the more favourable of the two on that metric's usual reading; a single metric is never the full story.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | EXICOM | THERMAX |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | EXICOM | THERMAX |
|---|---|---|
| Live Price | ₹158.37 | ₹4,306 |
| Day Change | 0.55% | 1.28% |
| Volume | 9.49 L | 37.46 L |
| 52-Week High | ₹182.9 | ₹5,277.8 |
| 52-Week Low | ₹75.6 | ₹2,742.7 |
| Distance from 52W High | -13.41% | -18.41% |
Valuation
| Metric | EXICOM | THERMAX |
|---|---|---|
| Market Cap | ₹2,197 Cr | ₹50,820 Cr |
| P/E Ratio | -7.99x | 70.29x |
| P/B Ratio | 3.36x | 9.13x |
| EPS | ₹-20.36 | ₹49.8 |
| Book Value | ₹48.33 | ₹466 |
| Dividend Yield | 0% | 0.33% |
Growth
| Metric | EXICOM | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 46.1% | 11.1% |
| EPS Growth (TTM YoY) | 0% | 18.7% |
| Qtr Sales Growth | 46.1% | 6.73% |
| Qtr Profit Growth | 13.6% | -83.4% |
Profitability & Leverage
| Metric | EXICOM | THERMAX |
|---|---|---|
| ROE | -40.8% | 10.6% |
| ROCE | -14.7% | 13.9% |
| Net Margin | -23.8% | 6.78% |
| Operating Margin | -8.97% | 8.02% |
| Debt to Equity | 1.09x | 0.42x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | EXICOM | THERMAX |
|---|---|---|
| Promoter Holding | 65.2%▼ 1.27 pp | 61.98% |
| FII Holding | 0.2% | 11.46%▲ 0.22 pp |
| DII Holding | 0.31%▼ 3.15 pp | 15.22%▼ 0.27 pp |
| Public Holding | 34.29%▲ 4.42 pp | 5.88%▲ 0.06 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: Exicom Tele-Systems Limited and Thermax Ltd.
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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.