NSE ScannerComparison · NSE · data 2026-11-01
Blue Star Limited vs Thermax Limited.
In plain words
Size: Thermax Limited. is about 1.1 times the market value of Blue Star Limited.
Return on equity: Blue Star Limited 16.2% vs Thermax Limited. 13.7%.
Profit growth over 3 years: Thermax Limited. 17% a year vs Blue Star Limited 9.6% a year.
Debt to equity: Thermax Limited. 0.42 vs Blue Star Limited 0.24.
Differences in the numbers, not a recommendation of either stock.
Side by side
| BLUESTARCO | THERMAX | |
|---|---|---|
| Price | ₹1,627.9 | ₹3,112.2 |
| Market cap | ₹33,577 cr | ₹37,083 cr |
| P/E | 62.7 | 59.1 |
| P/B | 9.6 | — |
| ROE | 16.2% | 13.7% |
| ROCE | 20.6% | 12.6% |
| Debt / equity | 0.24 | 0.42 |
| Operating margin | 5.3% | 6.4% |
| Dividend yield | 0.52% | 0.45% |
| Sales growth, 3 years (yearly) | 15.8% | 9.8% |
| Profit growth, 3 years (yearly) | 9.6% | 17.0% |
| 1-year return | -17.2% | -4.2% |
| Revenue, last 12 months | ₹13,306 cr | ₹10,839 cr |
| Net profit, last 12 months | ₹534 cr | ₹593 cr |
| Latest quarter | Sept 2026 | Jun 2026 |
| Quarter net profit | ₹124 cr | ₹25 cr |
| Quarter profit vs a year earlier | +25.2% | -83.4% |
| Promoter holding | 36.50% | 61.98% |
| Health check | Average (4.8/10) | Weak (3.4/10) |
Common questions
Which has a higher P/E, Blue Star Limited or Thermax Limited.?
Blue Star Limited trades at the higher P/E (62.7 against 59.1). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Blue Star Limited (16.2% against 13.7%).
Which carries more debt?
Thermax Limited. has the higher debt-to-equity ratio (0.42 against 0.24).