StoxSupreme Industries vs Thermax: share price & financials comparison
NSE: SUPREMEIND vs THERMAX · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Supreme Industries vs Thermax at a glance
Supreme Industries (SUPREMEIND) has a market capitalisation of ₹42,022 Cr, against ₹31,274 Cr for Thermax (THERMAX). Over the past year Supreme Industries has returned -14.9%, compared with -15.1% for Thermax. On valuation, Thermax trades at a lower P/E of 53.2 versus 101.1. Thermax earns a higher return on equity (10.7% vs 6.5%). Supreme Industries comes out ahead on growth, momentum and technicals. Thermax comes out ahead on size, valuation and profitability. Across the scored metrics below, Supreme Industries leads on 9 and Thermax on 8. On StoxGud's 10-point checklist, Supreme Industries scores 3/10 and Thermax scores 2/10.
| Metric | Supreme Industries | Thermax |
|---|---|---|
| Size | ||
| Market cap | ₹42,022 Cr | ₹31,274 Cr |
| Revenue (latest FY) | ₹11,218 Cr | ₹10,694 Cr |
| Net profit (latest FY) | ₹0 Cr | ₹720 Cr |
| Valuation | ||
| P/E | 101.1 | 53.2 |
| P/B | 6.57 | 5.70 |
| Dividend yield | 1.06% | 0.50% |
| Profitability | ||
| Return on equity | 6.5% | 10.7% |
| Net profit margin | 3.4% | 5.3% |
| Operating margin | 14.4% | 8.0% |
| Growth | ||
| Revenue growth (YoY) | +40.4% | +11.4% |
| Net profit growth (YoY) | +59.3% | -4.3% |
| Revenue CAGR (multi-year) | +12.0% | +17.4% |
| Financial health | ||
| Debt to equity | 0.00 | 0.52 |
| Momentum | ||
| 1-month return | -5.7% | -15.8% |
| 1-year return | -14.9% | -15.1% |
| 3-year CAGR | -8.2% | -1.5% |
| 5-year CAGR | +7.6% | +11.3% |
| 10-year CAGR | +14.2% | +12.6% |
| Distance from 52W high | -18.4% | -46.2% |
| Technicals | ||
| RSI (14) | 46 | 36 |
| Price vs 200-day avg | -7.3% | -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 | Supreme 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 | 3/10 | 2/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Supreme Industries or Thermax?
Supreme Industries has a market cap of ₹42,022 Cr and Thermax has a market cap of ₹31,274 Cr as of 13 Nov 2026.
Which has a lower P/E, Supreme Industries or Thermax?
Thermax has the lower P/E: Supreme Industries trades at 101.1 and Thermax at 53.2.
Which gave better returns in the last year, Supreme Industries or Thermax?
Supreme Industries did better: Supreme Industries returned -14.9% and Thermax returned -15.1% over one year.
What is the difference between Supreme Industries and Thermax?
Both are NSE-listed companies in Capital Goods. Supreme Industries is about 1.3 times the size of Thermax by market cap. In the latest financial year Supreme Industries reported revenue of ₹11,218 Cr and Thermax ₹10,694 Cr. Operating margin is 14.4% for Supreme Industries and 8.0% for Thermax. Debt to equity is 0.00 for Supreme Industries and 0.52 for Thermax.
Which is better, Supreme Industries or Thermax?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, Supreme Industries leads on 9 and Thermax on 8. Supreme Industries is ahead on growth, momentum and technicals. Thermax is ahead on size, valuation and profitability. On StoxGud's rules-based checklist Supreme Industries scores 3/10 and Thermax scores 2/10. This is information, not advice: consult a SEBI-registered adviser before investing.