SIEMENS vs THERMAX: Stock Comparison
SIEMENS is the larger company by market capitalisation. SIEMENS 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
SIEMENS 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 | SIEMENS | THERMAX |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | SIEMENS | THERMAX |
|---|---|---|
| Live Price | ₹3,366 | ₹3,193.1 |
| Day Change | -0.21% | 0.4% |
| Volume | 2.03 L | 2.02 L |
| 52-Week High | ₹4,149.4 | ₹5,277.8 |
| 52-Week Low | ₹2,826 | ₹2,742.7 |
| Distance from 52W High | -18.88% | -39.5% |
Valuation
| Metric | SIEMENS | THERMAX |
|---|---|---|
| Market Cap | ₹1.21 L Cr | ₹38,173 Cr |
| P/E Ratio | 36.79x | 64.33x |
| P/B Ratio | 8.71x | 6.88x |
| EPS | ₹60.18 | ₹2.12 |
| Book Value | ₹388.95 | ₹468.22 |
| Dividend Yield | 0.53% | 0.19% |
Growth
| Metric | SIEMENS | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 14.6% | 11.1% |
| EPS Growth (TTM YoY) | -36.4% | 18.7% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | SIEMENS | THERMAX |
|---|---|---|
| ROE | 15.33% | 14.66% |
| ROCE | 17.13% | 14.69% |
| Net Margin | 8.66% | 6.78% |
| Operating Margin | 12.55% | 12.59% |
| Debt to Equity | 0x | 0.03x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | SIEMENS | THERMAX |
|---|---|---|
| Promoter Holding | 0% | 61.98% |
| FII Holding | 6.76%▲ 0.29 pp | 11.31%▼ 0.15 pp |
| DII Holding | 9.04%▼ 0.05 pp | 14.94%▼ 0.28 pp |
| Public Holding | 9.2%▼ 0.24 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: SIEMENS 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.

