QPOWER vs THERMAX: Stock Comparison
THERMAX is the larger company by market capitalisation. QUALITY POWER ELEC EQUP L shows a higher ROCE and a higher net margin, while THERMAX shows a lower P/E, a higher ROE 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
QPOWER leads 6; THERMAX leads 6 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 | QPOWER | THERMAX |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | QPOWER | THERMAX |
|---|---|---|
| Live Price | ₹1,426.5 | ₹3,682 |
| Day Change | -2.17% | 1% |
| Volume | 3.65 L | 84,569 |
| 52-Week High | ₹1,570 | ₹5,277.8 |
| 52-Week Low | ₹581 | ₹2,742.7 |
| Distance from 52W High | -9.14% | -30.24% |
Valuation
| Metric | QPOWER | THERMAX |
|---|---|---|
| Market Cap | ₹11,082 Cr | ₹43,853 Cr |
| P/E Ratio | 83.15x | 73.9x |
| P/B Ratio | 20.45x | 7.9x |
| EPS | ₹4.66 | ₹-1.52 |
| Book Value | ₹99.85 | ₹468.22 |
| Dividend Yield | 0.09% | 0.16% |
Growth
| Metric | QPOWER | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 0% | 11.1% |
| EPS Growth (TTM YoY) | 0% | 18.7% |
| Qtr Sales Growth | 255.33% | -43.42% |
| Qtr Profit Growth | 90.21% | -183.07% |
Profitability & Leverage
| Metric | QPOWER | THERMAX |
|---|---|---|
| ROE | 14.25% | 14.66% |
| ROCE | 15.19% | 15.03% |
| Net Margin | 19.59% | 6.78% |
| Operating Margin | 32.93% | 12.58% |
| Debt to Equity | 0.03x | 0.03x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | QPOWER | THERMAX |
|---|---|---|
| Promoter Holding | 73.91% | 61.98% |
| FII Holding | 3.36%▲ 1.08 pp | 11.46%▲ 0.22 pp |
| DII Holding | 6.45%▲ 0.48 pp | 15.22%▼ 0.27 pp |
| Public Holding | 16.28%▼ 1.56 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: QUALITY POWER ELEC EQUP L 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.