StoxPTC Industries vs Thermax: share price & financials comparison
NSE: PTCIL vs THERMAX · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
PTC Industries vs Thermax at a glance
PTC Industries (PTCIL) has a market capitalisation of ₹36,529 Cr, against ₹31,274 Cr for Thermax (THERMAX). Over the past year PTC Industries has returned +41.6%, compared with -15.1% for Thermax. Thermax earns a higher return on equity (10.7% vs 0.0%). PTC Industries comes out ahead on growth, financial health, momentum and technicals. Thermax comes out ahead on size, valuation and profitability. Across the scored metrics below, PTC Industries leads on 9 and Thermax on 4. On StoxGud's 10-point checklist, PTC Industries scores 7/10 and Thermax scores 2/10.
| Metric | PTC Industries | Thermax |
|---|---|---|
| Size | ||
| Market cap | ₹36,529 Cr | ₹31,274 Cr |
| Revenue (latest FY) | ₹603 Cr | ₹10,694 Cr |
| Net profit (latest FY) | ₹0 Cr | ₹720 Cr |
| Valuation | ||
| P/E | — | 53.2 |
| P/B | 24.24 | 5.70 |
| Dividend yield | — | 0.50% |
| Profitability | ||
| Return on equity | 0.0% | 10.7% |
| Net profit margin | 0.0% | 5.3% |
| Operating margin | 24.6% | 8.0% |
| Growth | ||
| Revenue growth (YoY) | +97.4% | +11.4% |
| Net profit growth (YoY) | — | -4.3% |
| Revenue CAGR (multi-year) | +53.2% | +17.4% |
| Financial health | ||
| Debt to equity | 0.17 | 0.52 |
| Momentum | ||
| 1-month return | -4.5% | -15.8% |
| 1-year return | +41.6% | -15.1% |
| 3-year CAGR | +70.3% | -1.5% |
| 5-year CAGR | — | +11.3% |
| 10-year CAGR | — | +12.6% |
| Distance from 52W high | -5.2% | -46.2% |
| Technicals | ||
| RSI (14) | 58 | 36 |
| Price vs 200-day avg | +27.4% | -26.9% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | PTC Industries | Thermax |
|---|---|---|
| Price above 50-day average | ✓ | ✗ |
| Price above 200-day average | ✓ | ✗ |
| 50-day average above 200-day (uptrend) | ✓ | ✗ |
| RSI in healthy 40–70 zone | ✓ | ✗ |
| Positive 1-year return | ✓ | ✗ |
| Return on equity above 15% | ✗ | ✗ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✗ | ✗ |
| P/E below industry median | ✗ | ✗ |
| Score | 7/10 | 2/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, PTC Industries or Thermax?
PTC Industries has a market cap of ₹36,529 Cr and Thermax has a market cap of ₹31,274 Cr as of 13 Nov 2026.
Which gave better returns in the last year, PTC Industries or Thermax?
PTC Industries did better: PTC Industries returned +41.6% and Thermax returned -15.1% over one year.
What is the difference between PTC Industries and Thermax?
Both are NSE-listed companies in Capital Goods. PTC Industries is about 1.2 times the size of Thermax by market cap. In the latest financial year PTC Industries reported revenue of ₹603 Cr and Thermax ₹10,694 Cr. Operating margin is 24.6% for PTC Industries and 8.0% for Thermax. Debt to equity is 0.17 for PTC Industries and 0.52 for Thermax.
Which is better, PTC Industries or Thermax?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, PTC Industries leads on 9 and Thermax on 4. PTC Industries is ahead on growth, financial health, momentum and technicals. Thermax is ahead on size, valuation and profitability. On StoxGud's rules-based checklist PTC Industries scores 7/10 and Thermax scores 2/10. This is information, not advice: consult a SEBI-registered adviser before investing.