JYOTISTRUC vs THERMAX: Stock Comparison
THERMAX is the larger company by market capitalisation. JYOTI STRUCTURES shows a lower P/E, faster revenue growth and a higher net margin, while THERMAX 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.
Metric snapshot
JYOTISTRUC leads 4; THERMAX leads 7 of 13
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Valuation lens
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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 | JYOTISTRUC | THERMAX |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | JYOTISTRUC | THERMAX |
|---|---|---|
| Live Price | ₹10.1 | ₹3,159.3 |
| Day Change | 0.2% | -1.06% |
| Volume | 13.23 L | 6,371 |
| 52-Week High | ₹14.47 | ₹5,277.8 |
| 52-Week Low | ₹7.94 | ₹2,742.7 |
| Distance from 52W High | -30.2% | -40.14% |
Valuation
| Metric | JYOTISTRUC | THERMAX |
|---|---|---|
| Market Cap | ₹1,202 Cr | ₹38,450 Cr |
| P/E Ratio | 18.7x | 64.33x |
| P/B Ratio | 2.54x | 6.88x |
| EPS | ₹0.16 | ₹2.12 |
| Book Value | ₹3.98 | ₹468.22 |
| Dividend Yield | 0% | 0.19% |
Growth
| Metric | JYOTISTRUC | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 42.3% | 11.1% |
| EPS Growth (TTM YoY) | 15.3% | 18.7% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | JYOTISTRUC | THERMAX |
|---|---|---|
| ROE | 11.22% | 14.66% |
| ROCE | 2.31% | 14.69% |
| Net Margin | 7.47% | 6.78% |
| Operating Margin | 7.65% | 12.59% |
| Debt to Equity | 4.17x | 0.03x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | JYOTISTRUC | THERMAX |
|---|---|---|
| Promoter Holding | 0% | 61.98% |
| FII Holding | 1.22%▼ 0.02 pp | 11.31%▼ 0.15 pp |
| DII Holding | 0.01%▼ 0.12 pp | 14.94%▼ 0.28 pp |
| Public Holding | 98.77%▲ 0.14 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: JYOTI STRUCTURES 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.

