SURANASOL vs THERMAX: Stock Comparison
THERMAX is the larger company by market capitalisation. SURANA SOLAR shows faster revenue growth and lower leverage, 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
SURANASOL leads 4; THERMAX leads 9 of 13
Interactive comparison
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Valuation lens
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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 | SURANASOL | THERMAX |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | SURANASOL | THERMAX |
|---|---|---|
| Live Price | ₹25.96 | ₹3,648.5 |
| Day Change | 0.39% | 0.73% |
| Volume | 16,658 | 1.15 L |
| 52-Week High | ₹39.08 | ₹5,277.8 |
| 52-Week Low | ₹18.31 | ₹2,742.7 |
| Distance from 52W High | -33.57% | -30.87% |
Valuation
| Metric | SURANASOL | THERMAX |
|---|---|---|
| Market Cap | ₹129 Cr | ₹43,428 Cr |
| P/E Ratio | 354.86x | 72.76x |
| P/B Ratio | 0x | 7.78x |
| EPS | ₹1.11 | ₹2.12 |
| Book Value | ₹11.68 | ₹468.22 |
| Dividend Yield | 0% | 0.17% |
Growth
| Metric | SURANASOL | THERMAX |
|---|---|---|
| Revenue Growth (TTM YoY) | 440.2% | 11.1% |
| EPS Growth (TTM YoY) | 0% | 18.7% |
| Qtr Sales Growth | -17.68% | 76.73% |
| Qtr Profit Growth | 338.87% | 220.39% |
Profitability & Leverage
| Metric | SURANASOL | THERMAX |
|---|---|---|
| ROE | 2.16% | 12.91% |
| ROCE | 3.16% | 11.4% |
| Net Margin | -1.34% | 6.78% |
| Operating Margin | 8.57% | 10.73% |
| Debt to Equity | 0x | 0.41x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | SURANASOL | THERMAX |
|---|---|---|
| Promoter Holding | 45.75%▲ 1.41 pp | 61.98% |
| FII Holding | 0.15%▲ 0.15 pp | 11.46%▲ 0.22 pp |
| DII Holding | 0.04% | 15.22%▼ 0.27 pp |
| Public Holding | 54.06%▼ 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: SURANA SOLAR 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.

