QPOWER vs THERMAX: Stock Comparison
THERMAX is the larger company by market capitalisation. QUALITY POWER ELEC EQUP L shows a higher ROE, a higher ROCE and a higher net margin, while THERMAX shows a lower P/E, a higher dividend yield and faster revenue growth. 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 5; 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 | ₹1,458.9 | ₹3,159.3 |
| Day Change | 1.96% | -1.06% |
| Volume | 48,591 | 6,371 |
| 52-Week High | ₹1,681 | ₹5,277.8 |
| 52-Week Low | ₹581 | ₹2,742.7 |
| Distance from 52W High | -13.21% | -40.14% |
Valuation
| Metric | QPOWER | THERMAX |
|---|---|---|
| Market Cap | ₹11,123 Cr | ₹38,450 Cr |
| P/E Ratio | 83.12x | 64.33x |
| P/B Ratio | 20.44x | 6.88x |
| EPS | ₹4.66 | ₹2.12 |
| Book Value | ₹99.85 | ₹468.22 |
| Dividend Yield | 0.09% | 0.19% |
Growth
| Metric | QPOWER | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 0% | 11.1% |
| EPS Growth (TTM YoY) | 0% | 18.7% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | QPOWER | THERMAX |
|---|---|---|
| ROE | 24% | 14.66% |
| ROCE | 31.14% | 14.69% |
| Net Margin | 19.59% | 6.78% |
| Operating Margin | 23.57% | 12.59% |
| Debt to Equity | 0.05x | 0.03x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | QPOWER | THERMAX |
|---|---|---|
| Promoter Holding | 73.91% | 61.98% |
| FII Holding | 2.95%▼ 0.41 pp | 11.31%▼ 0.15 pp |
| DII Holding | 5.57%▼ 0.88 pp | 14.94%▼ 0.28 pp |
| Public Holding | 17.57%▲ 1.29 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: 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.