SIEMENS vs THERMAX: Stock Comparison

SIEMENS vs THERMAXUpdated 11 Sept 26, 4:08 PM ISTNSE & company filings

SIEMENS is the larger company by market capitalisation. SIEMENS shows a lower P/E, a higher dividend yield and faster revenue growth, while THERMAX shows a higher ROE and a higher ROCE. 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

SIEMENS leads 8; THERMAX leads 5 of 13

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

SIEMENSTHERMAX

Valuation lens

What price are you paying?

Market CapContext only
₹1.41 L Cr
₹43,853 Cr
P/E RatioSIEMENS has the lower reading
43.07x
73.9x
P/B RatioTHERMAX has the lower reading
10.19x
7.9x
EPSSIEMENS has the higher reading
₹59.59
₹-1.52
Book ValueContext only
₹388.95
₹468.22
Dividend YieldSIEMENS has the higher reading
0.45%
0.16%

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
SIEMENS is the larger company
₹1.41 L Cr vs ₹43,853 Cr
P/E Ratio
SIEMENS has a lower P/E
43.07x vs 73.9x
P/B Ratio
THERMAX has a lower P/B
7.9x vs 10.19x
EPS
SIEMENS has higher earnings per share
₹59.59 vs ₹-1.52
Dividend Yield
SIEMENS has a higher dividend yield
0.45% vs 0.16%
Revenue Growth (TTM YoY)
SIEMENS has faster revenue growth
14.6% vs 11.1%
EPS Growth (TTM YoY)
THERMAX has faster EPS growth
18.7% vs -36.4%
Qtr Sales Growth
SIEMENS has stronger quarterly sales growth
-11% vs -43.42%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricSIEMENSTHERMAX
SectorCapital GoodsCapital Goods
IndustryHeavy Electrical EquipmentHeavy Electrical Equipment

Price

MetricSIEMENSTHERMAX
Live Price₹3,957₹3,682
Day Change0.07%1%
Volume1.73 L84,569
52-Week High₹4,149.4₹5,277.8
52-Week Low₹2,826₹2,742.7
Distance from 52W High-4.64%-30.24%

Valuation

MetricSIEMENSTHERMAX
Market Cap₹1.41 L Cr₹43,853 Cr
P/E Ratio43.07x73.9x
P/B Ratio10.19x7.9x
EPS₹59.59₹-1.52
Book Value₹388.95₹468.22
Dividend Yield0.45%0.16%

Growth

MetricSIEMENSTHERMAX
Revenue Growth (TTM YoY)14.6%11.1%
EPS Growth (TTM YoY)-36.4%18.7%
Qtr Sales Growth-11%-43.42%
Qtr Profit Growth-0.98%-183.07%

Profitability & Leverage

MetricSIEMENSTHERMAX
ROE9.95%14.66%
ROCE11.9%15.03%
Net Margin8.66%6.78%
Operating Margin10.65%12.58%
Debt to Equity0x0.03x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricSIEMENSTHERMAX
Promoter Holding0%61.98%
FII Holding6.47% 0.33 pp11.46% 0.22 pp
DII Holding9.09% 0.5 pp15.22% 0.27 pp
Public Holding9.44% 0.16 pp5.88% 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: SIEMENS and THERMAX.

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.