POWERINDIA vs THERMAX: Stock Comparison
HITACHI ENERGY INDIA is the larger company by market capitalisation. HITACHI ENERGY 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
POWERINDIA leads 8; THERMAX leads 3 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 | POWERINDIA | THERMAX |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | POWERINDIA | THERMAX |
|---|---|---|
| Live Price | ₹26,290 | ₹3,095 |
| Day Change | -2.76% | -2.1% |
| Volume | 2.34 L | 1.58 L |
| 52-Week High | ₹38,785 | ₹5,277.8 |
| 52-Week Low | ₹16,111 | ₹2,742.7 |
| Distance from 52W High | -32.22% | -41.36% |
Valuation
| Metric | POWERINDIA | THERMAX |
|---|---|---|
| Market Cap | ₹1.16 L Cr | ₹36,760 Cr |
| P/E Ratio | 104.75x | 63.7x |
| P/B Ratio | 23.28x | 6.81x |
| EPS | ₹65.99 | ₹2.12 |
| Book Value | ₹1,161.25 | ₹468.22 |
| Dividend Yield | 0.03% | 0.44% |
Growth
| Metric | POWERINDIA | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 46.2% | 11.1% |
| EPS Growth (TTM YoY) | 71.8% | 18.7% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | POWERINDIA | THERMAX |
|---|---|---|
| ROE | 19.09% | 14.66% |
| ROCE | 204.22% | 14.69% |
| Net Margin | 11.34% | 6.78% |
| Operating Margin | 16.37% | 12.59% |
| Debt to Equity | 0x | 0.03x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | POWERINDIA | THERMAX |
|---|---|---|
| Promoter Holding | 71.31% | 61.98% |
| FII Holding | 11.96%▼ 0.48 pp | 11.31%▼ 0.15 pp |
| DII Holding | 6.54%▲ 0.21 pp | 14.94%▼ 0.28 pp |
| Public Holding | 10.19%▲ 0.27 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: HITACHI ENERGY INDIA 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.

