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GVT&D vs THERMAX: Stock Comparison

GE VERNOVA T&D INDIA vs THERMAXUpdated 23 Oct 26, 3:04 PM ISTNSE & company filings

GE VERNOVA T&D INDIA is the larger company by market capitalisation. GE VERNOVA T&D INDIA 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

GVT&D leads 8; THERMAX leads 3 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.

GVT&DTHERMAX

Valuation lens

What price are you paying?

Market CapContext only
₹94,256 Cr
₹36,760 Cr
P/E RatioTHERMAX has the lower reading
73.38x
63.7x ✓
P/B RatioTHERMAX has the lower reading
35.6x
6.81x ✓
EPSGVT&D has the higher reading
₹14.18 ✓
₹2.12
Book ValueContext only
₹105.07
₹468.22
Dividend YieldTHERMAX has the higher reading
0%
0.44% ✓

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

Key Differences

Market Cap
GVT&D is the larger company
₹94,256 Cr vs ₹36,760 Cr
P/E Ratio
THERMAX has a lower P/E
63.7x vs 73.38x
P/B Ratio
THERMAX has a lower P/B
6.81x vs 35.6x
EPS
GVT&D has higher earnings per share
₹14.18 vs ₹2.12
Dividend Yield
THERMAX has a higher dividend yield
0.44% vs 0%
Revenue Growth (TTM YoY)
GVT&D has faster revenue growth
42% vs 11.1%
EPS Growth (TTM YoY)
GVT&D has faster EPS growth
88.7% vs 18.7%
ROE
GVT&D has a higher ROE
45.84% vs 14.66%

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

Profile

MetricGVT&DTHERMAX
SectorCapital GoodsCapital Goods
IndustryHeavy Electrical EquipmentHeavy Electrical Equipment

Price

MetricGVT&DTHERMAX
Live Price₹3,692.6₹3,094.9
Day Change-1.27%-2.1%
Volume13.64 L1.56 L
52-Week High₹5,650₹5,277.8
52-Week Low₹2,523.2₹2,742.7
Distance from 52W High-34.64%-41.36%

Valuation

MetricGVT&DTHERMAX
Market Cap₹94,256 Cr₹36,760 Cr
P/E Ratio73.38x63.7x
P/B Ratio35.6x6.81x
EPS₹14.18₹2.12
Book Value₹105.07₹468.22
Dividend Yield0%0.44%

Growth

MetricGVT&DTHERMAX
Revenue Growth (TTM YoY)42%11.1%
EPS Growth (TTM YoY)88.7%18.7%
Qtr Sales Growth0%0%
Qtr Profit Growth0%0%

Profitability & Leverage

MetricGVT&DTHERMAX
ROE45.84%14.66%
ROCE107.22%14.69%
Net Margin19.25%6.78%
Operating Margin26.82%12.59%
Debt to Equity0x0.03x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricGVT&DTHERMAX
Promoter Holding50.7%61.98%
FII Holding22.89%▲ 2.5 pp11.31%▼ 0.15 pp
DII Holding18.47%▼ 2.92 pp14.94%▼ 0.28 pp
Public Holding7.64%▲ 0.42 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: GE VERNOVA T&D INDIA 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.