Godrej Industries [GODREJIND] vs Thermax [THERMAX] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Godrej Industries Ltd. wins in 8 metrics, Thermax Ltd. wins in 11 metrics, with 0 ties. Thermax Ltd. appears stronger overall.

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Vital Metrics Comparison

Metric Godrej Industries Ltd. Thermax Ltd. Better
P/E Ratio (TTM) 32.47 67.22 Godrej Industries Ltd.
Price-to-Book Ratio 3.05 9.05 Godrej Industries Ltd.
Debt-to-Equity Ratio 212.69 35.78 Thermax Ltd.
PEG Ratio 3.78 0.88 Thermax Ltd.
EV/EBITDA 17.28 49.17 Godrej Industries Ltd.
Profit Margin (TTM) 4.23% 6.60% Thermax Ltd.
Operating Margin (TTM) 18.68% 7.65% Godrej Industries Ltd.
EBITDA Margin (TTM) 18.68% 7.65% Godrej Industries Ltd.
Return on Equity 4.60% 12.84% Thermax Ltd.
Return on Assets (TTM) 1.12% 5.27% Thermax Ltd.
Free Cash Flow (TTM) $-59.32B $1.40B Thermax Ltd.
Dividend Yield N/A 0.75% N/A
1-Year Return -6.53% 47.06% Thermax Ltd.
Price-to-Sales Ratio (TTM) 1.37 4.43 Godrej Industries Ltd.
Enterprise Value $770.11B $449.64B Godrej Industries Ltd.
EV/Revenue Ratio 3.32 4.35 Godrej Industries Ltd.
Gross Profit Margin (TTM) 38.60% 47.98% Thermax Ltd.
Revenue per Share (TTM) $688 $917 Thermax Ltd.
Earnings per Share (Diluted) $29.05 $60.39 Thermax Ltd.
Beta (Stock Volatility) 0.44 0.01 Thermax Ltd.

Godrej Industries Ltd. vs Thermax Ltd. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Godrej Industries Ltd.-0.44%-7.12%9.59%10.13%1.36%2.83%
Thermax Ltd.-3.73%12.04%18.90%60.22%69.96%62.23%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Godrej Industries Ltd.-6.53%130.09%110.55%210.95%497.09%1,080.99%
Thermax Ltd.47.06%109.57%231.09%554.37%725.36%1,583.34%

Performance & Financial Health Analysis: Godrej Industries Ltd. vs Thermax Ltd.

MetricGODREJINDTHERMAX
Market Information
Market Cap i₹335.46B₹451.33B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i93,838336,994
90 Day Avg. Volume i306,571250,846
Last Close₹1,054.60₹4,784.50
52 Week Range₹744.20 - ₹1,390.00₹2,742.70 - ₹5,075.00
% from 52W High-24.13%-5.72%
All-Time High₹1,390.00 (Jun 02, 2025)₹5,839.95 (Jul 08, 2024)
% from All-Time High-24.13%-18.07%
Growth Metrics
Quarterly Revenue Growth0.11%0.05%
Quarterly Earnings Growth0.09%0.76%
Financial Health
Profit Margin (TTM) i0.04%0.07%
Operating Margin (TTM) i0.19%0.08%
Return on Equity (TTM) i0.05%0.13%
Debt to Equity (MRQ) i212.6935.78
Cash & Liquidity
Book Value per Share (MRQ)₹308.82₹448.41
Cash per Share (MRQ)₹365.74₹224.15
Operating Cash Flow (TTM) i₹-44,971,100,000₹8.96B
Levered Free Cash Flow (TTM) i₹9.81B₹6.34B
Dividends
Last 12-Month Dividend Yield iN/A0.75%
Last 12-Month Dividend i₹0.00₹26.00

Valuation & Enterprise Metrics Analysis: Godrej Industries Ltd. vs Thermax Ltd.

MetricGODREJIND (Apr 24, 2026)THERMAX (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i32.4767.22
Forward P/E iN/A56.20
PEG Ratio i3.780.88
Price to Sales (TTM) i1.374.43
Price to Book (MRQ) i3.059.05
Market Capitalization
Market Capitalization i₹335.46B₹451.33B
Enterprise Value i₹770.11B₹449.64B
Enterprise Value Metrics
Enterprise to Revenue i3.324.35
Enterprise to EBITDA i17.2849.17
Risk & Other Metrics
Beta i0.440.01
Book Value per Share (MRQ) i₹308.82₹448.41

Financial Statements Comparison: Godrej Industries Ltd. 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

MetricGODREJIND (2025)THERMAX (2025)
Revenue/Sales i195.93B102.56B
Cost of Goods Sold i127.68B60.38B
COGS % of Revenue i65.2%58.9%
Gross Profit i68.25B42.18B
Gross Margin i34.8%41.1%
Research & Development i185.30MN/A
Operating Income (EBIT) i17.29B8.19B
Operating Margin i8.8%8.0%
EBITDA i31.68B11.22B
EBITDA Margin i16.2%10.9%
Pre-Tax Income i23.53B8.84B
Pre-Tax Income % of Revenue i12.0%8.6%
Income Tax i4.95B2.58B
Income Tax % of Revenue i2.5%2.5%
Net Income (Profit) i18.58B6.27B
Profit Margin i9.5%6.1%

Balance Sheet & Liquidity Metrics

MetricGODREJIND (2025)THERMAX (2025)
Cash & Equivalents i28.43B4.18B
Total Current Assets i596.40B73.22B
Total Current Assets % of Revenue i304.4%71.4%
Total Current Liabilities i470.00B56.35B
Total Current Liabilities % of Revenue i239.9%54.9%
Long-Term Debt i192.80B11.94B
Long-Term Debt % of Revenue i98.4%11.6%
Total Shareholders Equity i213.47B49.43B
Retained Earnings i50.83B41.45B
Retained Earnings % of Revenue i25.9%40.4%
Property, Plant & Equipment i478.20M26.15B

Cash Flow Statement Comparison

MetricGODREJIND (2025)THERMAX (2025)
Operating Cash Flow i-44.97B8.96B
Operating Cash Flow % of Revenue i-23.0%8.7%
Capital Expenditures i-7.61B-9.00B
Free Cash Flow i-59.32B1.40B
FCF Margin i-30.3%1.4%
Debt Repayment i-34.69B-8.61B
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricGODREJINDTHERMAX
Shares Short iN/AN/A
Short Ratio iN/AN/A
Short % of Float iN/AN/A
Shares Outstanding i336.80M112.65M
Float Shares i64.91M32.52M
% Held by Insiders i87.21%73.68%
% Held by Institutions i6.73%20.87%
% Held by Public i6.06%5.45%

Dividend Analysis & Yield Comparison: Godrej Industries Ltd. vs Thermax Ltd.

MetricGODREJINDTHERMAX
Last 12-Month Dividend i₹0.00₹26.00
Last 12-Month Dividend Yield iN/A0.75%
3-Year Avg Annual Dividend i₹0.00₹15.00
3-Year Avg Dividend Yield iN/A0.36%
3-Year Total Dividends i₹0.00₹45.00
Ex-Dividend DateN/AJul 04, 2025