StoxThermax vs Godrej Industries: share price & financials comparison
NSE: THERMAX vs GODREJIND · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Thermax vs Godrej Industries at a glance
Thermax (THERMAX) has a market capitalisation of ₹31,274 Cr, against ₹37,637 Cr for Godrej Industries (GODREJIND). Over the past year Godrej Industries has returned +0.9%, compared with -15.1% for Thermax. On valuation, Godrej Industries trades at a lower P/E of 25.2 versus 53.2. Godrej Industries earns a higher return on equity (12.4% vs 10.7%). Thermax comes out ahead on financial health. Godrej Industries comes out ahead on size, valuation, profitability, growth, momentum and technicals. Across the scored metrics below, Thermax leads on 3 and Godrej Industries on 15. On StoxGud's 10-point checklist, Thermax scores 2/10 and Godrej Industries scores 4/10.
| Metric | Thermax | Godrej Industries |
|---|---|---|
| Size | ||
| Market cap | ₹31,274 Cr | ₹37,637 Cr |
| Revenue (latest FY) | ₹10,694 Cr | ₹22,237 Cr |
| Net profit (latest FY) | ₹720 Cr | ₹1,241 Cr |
| Valuation | ||
| P/E | 53.2 | 25.2 |
| P/B | 5.70 | 3.12 |
| Dividend yield | 0.50% | 0.20% |
| Profitability | ||
| Return on equity | 10.7% | 12.4% |
| Net profit margin | 5.3% | 5.9% |
| Operating margin | 8.0% | 10.6% |
| Growth | ||
| Revenue growth (YoY) | +11.4% | +45.1% |
| Net profit growth (YoY) | -4.3% | +130.8% |
| Revenue CAGR (multi-year) | +17.4% | +19.0% |
| Financial health | ||
| Debt to equity | 0.52 | 5.00 |
| Momentum | ||
| 1-month return | -15.8% | +11.9% |
| 1-year return | -15.1% | +0.9% |
| 3-year CAGR | -1.5% | +18.6% |
| 5-year CAGR | +11.3% | +12.9% |
| 10-year CAGR | +12.6% | +11.3% |
| Distance from 52W high | -46.2% | -21.2% |
| Technicals | ||
| RSI (14) | 36 | 78 |
| Price vs 200-day avg | -26.9% | +4.5% |
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 | Godrej Industries |
|---|---|---|
| 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 Godrej Industries?
Thermax has a market cap of ₹31,274 Cr and Godrej Industries has a market cap of ₹37,637 Cr as of 13 Nov 2026.
Which has a lower P/E, Thermax or Godrej Industries?
Godrej Industries has the lower P/E: Thermax trades at 53.2 and Godrej Industries at 25.2.
Which gave better returns in the last year, Thermax or Godrej Industries?
Godrej Industries did better: Thermax returned -15.1% and Godrej Industries returned +0.9% over one year.
What is the difference between Thermax and Godrej Industries?
Both are NSE-listed companies in Capital Goods. They are about the same size by market cap (₹31,274 Cr vs ₹37,637 Cr). In the latest financial year Thermax reported revenue of ₹10,694 Cr and Godrej Industries ₹22,237 Cr. Operating margin is 8.0% for Thermax and 10.6% for Godrej Industries. Debt to equity is 0.52 for Thermax and 5.00 for Godrej Industries.
Which is better, Thermax or Godrej Industries?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, Thermax leads on 3 and Godrej Industries on 15. Thermax is ahead on financial health. Godrej Industries is ahead on size, valuation, profitability, growth, momentum and technicals. On StoxGud's rules-based checklist Thermax scores 2/10 and Godrej Industries scores 4/10. This is information, not advice: consult a SEBI-registered adviser before investing.