GE T&D India Limited [GET&D] vs Thermax [THERMAX] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: GE T&D India Limited wins in 9 metrics, Thermax Ltd. wins in 10 metrics, with 0 ties. Thermax Ltd. appears stronger overall.

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Vital Metrics Comparison

Metric GE T&D India Limited Thermax Ltd. Better
P/E Ratio (TTM) 114.93 67.22 Thermax Ltd.
Price-to-Book Ratio 68.22 9.05 Thermax Ltd.
Debt-to-Equity Ratio 0.03 35.78 GE T&D India Limited
PEG Ratio 0.40 0.88 GE T&D India Limited
EV/EBITDA 268.00 49.17 Thermax Ltd.
Profit Margin (TTM) 34.03% 6.60% GE T&D India Limited
Operating Margin (TTM) 9.21% 7.65% GE T&D India Limited
EBITDA Margin (TTM) 9.21% 7.65% GE T&D India Limited
Return on Equity 14.57% 12.84% GE T&D India Limited
Return on Assets (TTM) 5.05% 5.27% Thermax Ltd.
Free Cash Flow (TTM) $4.89B $1.40B GE T&D India Limited
Dividend Yield 0.08% 0.75% Thermax Ltd.
1-Year Return 112.81% 33.11% GE T&D India Limited
Price-to-Sales Ratio (TTM) 29.70 4.43 Thermax Ltd.
Enterprise Value $938.30B $449.64B GE T&D India Limited
EV/Revenue Ratio 29.67 4.35 Thermax Ltd.
Gross Profit Margin (TTM) 41.22% 47.98% Thermax Ltd.
Revenue per Share (TTM) $124 $917 Thermax Ltd.
Earnings per Share (Diluted) $7.07 $60.39 Thermax Ltd.
Beta (Stock Volatility) N/A 0.01 N/A

GE T&D India Limited vs Thermax Ltd. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
GE T&D India Limited-2.88%1.18%10.53%36.27%58.97%51.68%
Thermax Ltd.0.31%0.95%5.35%45.47%63.98%54.76%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
GE T&D India Limited112.81%2,291.73%3,374.52%1,282.13%1,828.78%99,346.68%
Thermax Ltd.33.11%97.53%233.03%485.95%699.17%1,976.13%

Performance & Financial Health Analysis: GE T&D India Limited vs Thermax Ltd.

MetricGET&DTHERMAX
Market Information
Market Cap i₹939.20B₹451.33B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i823,500336,994
90 Day Avg. Volume i632,617250,846
Last Close₹4,800.00₹4,741.00
52 Week Range₹2,241.80 - ₹5,222.10₹2,742.70 - ₹5,075.00
% from 52W High-8.08%-6.58%
All-Time High₹5,222.10 (May 29, 2026)₹5,839.95 (Jul 08, 2024)
% from All-Time High-8.08%-18.82%
Growth Metrics
Quarterly Revenue Growth0.16%0.05%
Quarterly Earnings Growth0.59%0.76%
Financial Health
Profit Margin (TTM) i0.34%0.07%
Operating Margin (TTM) i0.09%0.08%
Return on Equity (TTM) i0.15%0.13%
Debt to Equity (MRQ) i0.0335.78
Cash & Liquidity
Book Value per Share (MRQ)₹53.77₹448.41
Cash per Share (MRQ)N/A₹224.15
Operating Cash Flow (TTM) i₹5.52B₹8.96B
Levered Free Cash Flow (TTM) i₹1.81B₹6.34B
Dividends
Last 12-Month Dividend Yield i0.08%0.75%
Last 12-Month Dividend i₹2.00₹26.00

Valuation & Enterprise Metrics Analysis: GE T&D India Limited vs Thermax Ltd.

MetricGET&D (Apr 07, 2026)THERMAX (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i114.9367.22
Forward P/E iN/A56.20
PEG Ratio i0.400.88
Price to Sales (TTM) i29.704.43
Price to Book (MRQ) i68.229.05
Market Capitalization
Market Capitalization i₹939.20B₹451.33B
Enterprise Value i₹938.30B₹449.64B
Enterprise Value Metrics
Enterprise to Revenue i29.674.35
Enterprise to EBITDA i268.0049.17
Risk & Other Metrics
Beta iN/A0.01
Book Value per Share (MRQ) i₹53.77₹448.41

Financial Statements Comparison: GE T&D India Limited vs Thermax Ltd.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricGET&D (2024)THERMAX (2025)
Revenue/Sales i31.62B102.56B
Cost of Goods Sold i20.86B60.38B
COGS % of Revenue i66.0%58.9%
Gross Profit i10.76B42.18B
Gross Margin i34.0%41.1%
Research & Development i252.30MN/A
Operating Income (EBIT) i3.08B8.19B
Operating Margin i9.7%8.0%
EBITDA i3.50B11.22B
EBITDA Margin i11.1%10.9%
Pre-Tax Income i2.63B8.84B
Pre-Tax Income % of Revenue i8.3%8.6%
Income Tax i820.20M2.58B
Income Tax % of Revenue i2.6%2.5%
Net Income (Profit) i1.81B6.27B
Profit Margin i5.7%6.1%

Balance Sheet & Liquidity Metrics

MetricGET&D (2024)THERMAX (2025)
Cash & Equivalents i1.32B4.18B
Total Current Assets i26.34B73.22B
Total Current Assets % of Revenue i83.3%71.4%
Total Current Liabilities i22.51B56.35B
Total Current Liabilities % of Revenue i71.2%54.9%
Long-Term Debt i298.60M11.94B
Long-Term Debt % of Revenue i0.9%11.6%
Total Shareholders Equity i12.43B49.43B
Retained Earnings i8.51B41.45B
Retained Earnings % of Revenue i26.9%40.4%
Property, Plant & Equipment i3.93B26.15B

Cash Flow Statement Comparison

MetricGET&D (2024)THERMAX (2025)
Operating Cash Flow i5.52B8.96B
Operating Cash Flow % of Revenue i17.5%8.7%
Capital Expenditures i-291.60M-9.00B
Free Cash Flow i4.89B1.40B
FCF Margin i15.5%1.4%
Debt Repayment iN/A-8.61B
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricGET&DTHERMAX
Shares Short iN/AN/A
Short Ratio iN/AN/A
Short % of Float iN/AN/A
Shares Outstanding i256.05M112.65M
Float Shares iN/A32.52M
% Held by Insiders iN/A73.68%
% Held by Institutions iN/A20.87%
% Held by Public iN/A5.45%

Dividend Analysis & Yield Comparison: GE T&D India Limited vs Thermax Ltd.

MetricGET&DTHERMAX
Last 12-Month Dividend i₹2.00₹26.00
Last 12-Month Dividend Yield i0.08%0.75%
3-Year Avg Annual Dividend i₹0.67₹15.00
3-Year Avg Dividend Yield i0.12%0.36%
3-Year Total Dividends i₹2.00₹45.00
Ex-Dividend DateAug 28, 2024Jul 04, 2025