StoxThermax vs Syrma SGS Technology: share price & financials comparison
NSE: THERMAX vs SYRMA · Capital Goods · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Thermax vs Syrma SGS Technology at a glance
Thermax (THERMAX) has a market capitalisation of ₹30,937 Cr, against ₹28,107 Cr for Syrma SGS Technology (SYRMA). Over the past year Syrma SGS Technology has returned +78.6%, compared with -16.0% for Thermax. On valuation, Thermax trades at a lower P/E of 52.6 versus 61.2. Syrma SGS Technology earns a higher return on equity (15.1% vs 10.7%). Thermax comes out ahead on size and valuation. Syrma SGS Technology comes out ahead on profitability, growth, financial health, momentum and technicals. Across the scored metrics below, Thermax leads on 5 and Syrma SGS Technology on 11. On StoxGud's 10-point checklist, Thermax scores 2/10 and Syrma SGS Technology scores 6/10.
| Metric | Thermax | Syrma SGS Technology |
|---|---|---|
| Size | ||
| Market cap | ₹30,937 Cr | ₹28,107 Cr |
| Revenue (latest FY) | ₹10,694 Cr | ₹4,819 Cr |
| Net profit (latest FY) | ₹720 Cr | ₹346 Cr |
| Valuation | ||
| P/E | 52.6 | 61.2 |
| P/B | 5.64 | 9.24 |
| Dividend yield | 0.51% | 0.10% |
| Profitability | ||
| Return on equity | 10.7% | 15.1% |
| Net profit margin | 5.3% | 7.3% |
| Operating margin | 8.0% | 10.9% |
| Growth | ||
| Revenue growth (YoY) | +11.4% | +73.6% |
| Net profit growth (YoY) | -4.3% | +87.2% |
| Revenue CAGR (multi-year) | +17.4% | +33.0% |
| Financial health | ||
| Debt to equity | 0.52 | 0.25 |
| Momentum | ||
| 1-month return | -15.0% | -16.5% |
| 1-year return | -16.0% | +78.6% |
| 3-year CAGR | -1.7% | +40.4% |
| 5-year CAGR | +15.0% | — |
| 10-year CAGR | +12.5% | — |
| Distance from 52W high | -46.8% | -18.2% |
| Technicals | ||
| RSI (14) | 27 | 40 |
| Price vs 200-day avg | -27.8% | +21.3% |
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 | Syrma SGS Technology |
|---|---|---|
| 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 | 6/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Thermax or Syrma SGS Technology?
Thermax has a market cap of ₹30,937 Cr and Syrma SGS Technology has a market cap of ₹28,107 Cr as of 06 Nov 2026.
Which has a lower P/E, Thermax or Syrma SGS Technology?
Thermax has the lower P/E: Thermax trades at 52.6 and Syrma SGS Technology at 61.2.
Which gave better returns in the last year, Thermax or Syrma SGS Technology?
Syrma SGS Technology did better: Thermax returned -16.0% and Syrma SGS Technology returned +78.6% over one year.
Is Thermax or Syrma SGS Technology a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist Thermax scores 2/10 and Syrma SGS Technology scores 6/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.