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 5 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 | ₹31,005 | ₹3,648.5 |
| Day Change | -2.42% | 0.73% |
| Volume | 2.26 L | 1.15 L |
| 52-Week High | ₹38,785 | ₹5,277.8 |
| 52-Week Low | ₹16,111 | ₹2,742.7 |
| Distance from 52W High | -20.06% | -30.87% |
Valuation
| Metric | POWERINDIA | THERMAX |
|---|---|---|
| Market Cap | ₹1.39 L Cr | ₹43,428 Cr |
| P/E Ratio | 122.9x | 72.76x |
| P/B Ratio | 27.32x | 7.78x |
| EPS | ₹65.99 | ₹2.12 |
| Book Value | ₹1,161.25 | ₹468.22 |
| Dividend Yield | 0.03% | 0.17% |
Growth
| Metric | POWERINDIA | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 46.2% | 11.1% |
| EPS Growth (TTM YoY) | 71.8% | 18.7% |
| Qtr Sales Growth | -69.39% | 76.73% |
| Qtr Profit Growth | -70.22% | 220.39% |
Profitability & Leverage
| Metric | POWERINDIA | THERMAX |
|---|---|---|
| ROE | 19.09% | 12.91% |
| ROCE | 204.22% | 11.4% |
| Net Margin | 11.34% | 6.78% |
| Operating Margin | 16.37% | 10.73% |
| Debt to Equity | 0x | 0.41x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | POWERINDIA | THERMAX |
|---|---|---|
| Promoter Holding | — | 61.98% |
| FII Holding | 12.44%▲ 0.76 pp | 11.46%▲ 0.22 pp |
| DII Holding | 6.33%▼ 0.62 pp | 15.22%▼ 0.27 pp |
| Public Holding | 9.92%▼ 0.14 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: 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.

