TickerKhojComparison · NSE · data 2026-11-02
Thermax Limited. vs Welspun Corp Limited
In plain words
Size: Welspun Corp Limited is about 1.7 times the market value of Thermax Limited..
Valuation (P/E): Thermax Limited. 58.6 vs Welspun Corp Limited 25.5.
Return on equity: Welspun Corp Limited 19.4% vs Thermax Limited. 13.7%.
Profit growth over 3 years: Welspun Corp Limited 98.4% a year vs Thermax Limited. 17% a year.
Debt to equity: Thermax Limited. 0.42 vs Welspun Corp Limited 0.26.
Differences in the numbers, not a recommendation of either stock.
Side by side
| THERMAX | WELCORP | |
|---|---|---|
| Price | ₹3,085.7 | ₹2,291.2 |
| Market cap | ₹37,083 cr | ₹61,585 cr |
| P/E | 58.6 | 25.5 |
| P/B | — | 5.7 |
| ROE | 13.7% | 19.4% |
| ROCE | 12.6% | 18.2% |
| Debt / equity | 0.42 | 0.26 |
| Operating margin | 6.4% | 11.9% |
| Dividend yield | 0.45% | 0.21% |
| Sales growth, 3 years (yearly) | 9.8% | 19.7% |
| Profit growth, 3 years (yearly) | 17.0% | 98.4% |
| 1-year return | -5.3% | 142.5% |
| Revenue, last 12 months | ₹10,839 cr | ₹17,570 cr |
| Net profit, last 12 months | ₹593 cr | ₹2,368 cr |
| Latest quarter | Jun 2026 | Sept 2026 |
| Quarter net profit | ₹25 cr | ₹499 cr |
| Quarter profit vs a year earlier | -83.4% | +13.4% |
| Promoter holding | 61.98% | 47.46% |
| Health check | Weak (3.4/10) | Strong (8.1/10) |
Common questions
Which has a higher P/E, Thermax Limited. or Welspun Corp Limited?
Thermax Limited. trades at the higher P/E (58.6 against 25.5). 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?
Welspun Corp Limited (19.4% against 13.7%).
Which carries more debt?
Thermax Limited. has the higher debt-to-equity ratio (0.42 against 0.26).