StoxThermax vs AIA Engineering: share price & financials comparison
NSE: THERMAX vs AIAENG · Capital Goods · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Thermax vs AIA Engineering at a glance
Thermax (THERMAX) has a market capitalisation of ₹30,937 Cr, against ₹29,056 Cr for AIA Engineering (AIAENG). Over the past year AIA Engineering has returned -6.5%, compared with -16.0% for Thermax. On valuation, AIA Engineering trades at a lower P/E of 23.5 versus 52.6. AIA Engineering earns a higher return on equity (14.7% vs 10.7%). Thermax comes out ahead on growth and momentum. AIA Engineering comes out ahead on size, valuation, profitability, financial health and technicals. Across the scored metrics below, Thermax leads on 8 and AIA Engineering on 10. On StoxGud's 10-point checklist, Thermax scores 2/10 and AIA Engineering scores 4/10.
| Metric | Thermax | AIA Engineering |
|---|---|---|
| Size | ||
| Market cap | ₹30,937 Cr | ₹29,056 Cr |
| Revenue (latest FY) | ₹10,694 Cr | ₹4,420 Cr |
| Net profit (latest FY) | ₹720 Cr | ₹1,270 Cr |
| Valuation | ||
| P/E | 52.6 | 23.5 |
| P/B | 5.64 | 3.45 |
| Dividend yield | 0.51% | 0.47% |
| Profitability | ||
| Return on equity | 10.7% | 14.7% |
| Net profit margin | 5.3% | 26.8% |
| Operating margin | 8.0% | 27.0% |
| Growth | ||
| Revenue growth (YoY) | +11.4% | +6.2% |
| Net profit growth (YoY) | -4.3% | -10.0% |
| Revenue CAGR (multi-year) | +17.4% | +8.9% |
| Financial health | ||
| Debt to equity | 0.52 | 0.01 |
| Momentum | ||
| 1-month return | -15.0% | -19.3% |
| 1-year return | -16.0% | -6.5% |
| 3-year CAGR | -1.7% | -5.0% |
| 5-year CAGR | +15.0% | +10.5% |
| 10-year CAGR | +12.5% | +9.7% |
| Distance from 52W high | -46.8% | -38.7% |
| Technicals | ||
| RSI (14) | 27 | 14 |
| Price vs 200-day avg | -27.8% | -23.9% |
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 | Thermax | AIA Engineering |
|---|---|---|
| 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 | 2/10 | 4/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Thermax or AIA Engineering?
Thermax has a market cap of ₹30,937 Cr and AIA Engineering has a market cap of ₹29,056 Cr as of 06 Nov 2026.
Which has a lower P/E, Thermax or AIA Engineering?
AIA Engineering has the lower P/E: Thermax trades at 52.6 and AIA Engineering at 23.5.
Which gave better returns in the last year, Thermax or AIA Engineering?
AIA Engineering did better: Thermax returned -16.0% and AIA Engineering returned -6.5% over one year.
Is Thermax or AIA Engineering a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist Thermax scores 2/10 and AIA Engineering scores 4/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.