THERMAX vs TRANSRAILL: Stock Comparison
THERMAX is the larger company by market capitalisation. THERMAX shows faster revenue growth, lower leverage and a higher net margin, while TRANSRAIL LIGHTING 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
THERMAX leads 5; TRANSRAILL leads 6 of 13
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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 | THERMAX | TRANSRAILL |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | THERMAX | TRANSRAILL |
|---|---|---|
| Live Price | ₹3,095.2 | ₹427.85 |
| Day Change | -2.09% | -5.72% |
| Volume | 1.6 L | 6.54 L |
| 52-Week High | ₹5,277.8 | ₹758 |
| 52-Week Low | ₹2,742.7 | ₹400.65 |
| Distance from 52W High | -41.35% | -43.56% |
Valuation
| Metric | THERMAX | TRANSRAILL |
|---|---|---|
| Market Cap | ₹36,760 Cr | ₹5,759 Cr |
| P/E Ratio | 63.7x | 15.09x |
| P/B Ratio | 6.81x | 2.68x |
| EPS | ₹2.12 | ₹8.04 |
| Book Value | ₹468.22 | ₹169.92 |
| Dividend Yield | 0.44% | 1.1% |
Growth
| Metric | THERMAX | TRANSRAILL |
|---|---|---|
| Revenue Growth (TTM YoY) | 11.1% | -5.7% |
| EPS Growth (TTM YoY) | 18.7% | -27.8% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | THERMAX | TRANSRAILL |
|---|---|---|
| ROE | 14.66% | 17.67% |
| ROCE | 14.69% | 20.87% |
| Net Margin | 6.78% | 5.94% |
| Operating Margin | 12.59% | 11.4% |
| Debt to Equity | 0.03x | 0.29x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | THERMAX | TRANSRAILL |
|---|---|---|
| Promoter Holding | 61.98% | 71.12% |
| FII Holding | 11.31%▼ 0.15 pp | 1.85%▼ 0.64 pp |
| DII Holding | 14.94%▼ 0.28 pp | 5.95%▼ 0.57 pp |
| Public Holding | 6.32%▲ 0.44 pp | 21.08%▲ 1.2 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: THERMAX and TRANSRAIL LIGHTING.
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.

