StoxThermax vs Honeywell Automation India: share price & financials comparison
NSE: THERMAX vs HONAUT · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Thermax vs Honeywell Automation India at a glance
Thermax (THERMAX) has a market capitalisation of ₹31,274 Cr, against ₹26,836 Cr for Honeywell Automation India (HONAUT). Over the past year Thermax has returned -15.1%, compared with -17.0% for Honeywell Automation India. On valuation, Honeywell Automation India trades at a lower P/E of 47.5 versus 53.2. Honeywell Automation India earns a higher return on equity (12.1% vs 10.7%). Thermax comes out ahead on size, valuation and growth. Honeywell Automation India comes out ahead on profitability and technicals. Across the scored metrics below, Thermax leads on 8 and Honeywell Automation India on 9. On StoxGud's 10-point checklist, Thermax scores 2/10 and Honeywell Automation India scores 4/10.
| Metric | Thermax | Honeywell Automation India |
|---|---|---|
| Size | ||
| Market cap | ₹31,274 Cr | ₹26,836 Cr |
| Revenue (latest FY) | ₹10,694 Cr | ₹4,682 Cr |
| Net profit (latest FY) | ₹720 Cr | ₹525 Cr |
| Valuation | ||
| P/E | 53.2 | 47.5 |
| P/B | 5.70 | 5.75 |
| Dividend yield | 0.50% | 0.35% |
| Profitability | ||
| Return on equity | 10.7% | 12.1% |
| Net profit margin | 5.3% | 11.8% |
| Operating margin | 8.0% | 13.8% |
| Growth | ||
| Revenue growth (YoY) | +11.4% | +6.5% |
| Net profit growth (YoY) | -4.3% | +11.9% |
| Revenue CAGR (multi-year) | +17.4% | +9.0% |
| Financial health | ||
| Debt to equity | 0.52 | 0.00 |
| Momentum | ||
| 1-month return | -15.8% | -6.3% |
| 1-year return | -15.1% | -17.0% |
| 3-year CAGR | -1.5% | -6.2% |
| 5-year CAGR | +11.3% | -6.4% |
| 10-year CAGR | +12.6% | +13.5% |
| Distance from 52W high | -46.2% | -24.0% |
| Technicals | ||
| RSI (14) | 36 | 41 |
| Price vs 200-day avg | -26.9% | -8.8% |
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 | Honeywell Automation India |
|---|---|---|
| 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 Honeywell Automation India?
Thermax has a market cap of ₹31,274 Cr and Honeywell Automation India has a market cap of ₹26,836 Cr as of 13 Nov 2026.
Which has a lower P/E, Thermax or Honeywell Automation India?
Honeywell Automation India has the lower P/E: Thermax trades at 53.2 and Honeywell Automation India at 47.5.
Which gave better returns in the last year, Thermax or Honeywell Automation India?
Thermax did better: Thermax returned -15.1% and Honeywell Automation India returned -17.0% over one year.
What is the difference between Thermax and Honeywell Automation India?
Both are NSE-listed companies in Capital Goods. Thermax is about 1.2 times the size of Honeywell Automation India by market cap. In the latest financial year Thermax reported revenue of ₹10,694 Cr and Honeywell Automation India ₹4,682 Cr. Operating margin is 8.0% for Thermax and 13.8% for Honeywell Automation India. Debt to equity is 0.52 for Thermax and 0.00 for Honeywell Automation India.
Which is better, Thermax or Honeywell Automation India?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, Thermax leads on 8 and Honeywell Automation India on 9. Thermax is ahead on size, valuation and growth. Honeywell Automation India is ahead on profitability and technicals. On StoxGud's rules-based checklist Thermax scores 2/10 and Honeywell Automation India scores 4/10. This is information, not advice: consult a SEBI-registered adviser before investing.