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Alpex Solar Ltd vs Thermax Ltd Stock Comparison

Alpex Solar Ltd vs Thermax Ltd Stock Comparison

Last Updated on: Jul 16, 2025

Key Highlights

  • The Latest Trading Price of Alpex Solar Ltd is ₹ 1192 as of 16 Jul 13:04.
  • The P/E Ratio of Alpex Solar Ltd changed from 30.6 on March 2024 to 0 on March 2025 . This represents a CAGR of -100.00% over 2 yearsThe P/E Ratio of Thermax Ltd changed from 39.2 on March 2020 to 64.9 on March 2025 . This represents a CAGR of 8.77% over 6 years.
  • The Market Cap of Alpex Solar Ltd changed from ₹ 813.25 crore on March 2024 to ₹ 0 crore on March 2025 . This represents a CAGR of -100.00% over 2 yearsThe Market Cap of Thermax Ltd changed from ₹ 8811 crore on March 2020 to ₹ 43539 crore on March 2025 . This represents a CAGR of 30.51% over 6 years.
  • The revenue of Alpex Solar Ltd for the Mar '25 is ₹ 328.31 crore as compare to the Dec '24 revenue of ₹ 188.15 crore. This represent the growth of 74.49% The revenue of Thermax Ltd for the Mar '25 is ₹ 3162 crore as compare to the Dec '24 revenue of ₹ 2539 crore. This represent the growth of 24.54%.
  • The ebitda of Alpex Solar Ltd for the Mar '25 is ₹ 54.61 crore as compare to the Dec '24 ebitda of ₹ 37.28 crore. This represent the growth of 46.49% The ebitda of Thermax Ltd for the Mar '25 is ₹ 377.23 crore as compare to the Dec '24 ebitda of ₹ 220 crore. This represent the growth of 71.47%.
  • The net profit of Alpex Solar Ltd changed from ₹ 4.51 crore to ₹ 35.32 crore over 6 quarters. This represents a CAGR of 294.36% The net profit of Thermax Ltd changed from ₹ 59.95 crore to ₹ 205.55 crore over 8 quarters. This represents a CAGR of 85.17% .
  • The Dividend Payout of Alpex Solar Ltd changed from 0 % on March 2020 to 0 % on March 2025 . This represents a CAGR of 0.0% over 6 yearsThe Dividend Payout of Thermax Ltd changed from 42.37 % on March 2020 to 29.16 % on March 2025 . This represents a CAGR of -6.04% over 6 years.

Share Price

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P/E Ratio Over Time

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Market Cap Over Time

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Historical Share Prices

* All values are in Rupees

Revenue Over Time

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EBITDA Over Time

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Net Profit Over Time

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Dividend Payout Over Time

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About Alpex Solar Ltd

  • Alpex Solar Limited, led by the founder Promoter, Mr. Ashwani Sehgal was originally incorporated on August 27, 1993 as a Private Limited Company as 'Alpex Exports Private Limited' with the Registrar of Companies, Chandigarh.
  • The name of Company got changed to 'Alpex Solar Private Limited' on September 07, 2017 at Delhi.
  • Thereafter, the Company got converted from a Private Limited Company to Public Limited Company, the name changed to 'Alpex Solar Limited' and a Fresh Certificate of Incorporation dated September 01, 2023 was issued by Registrar of Companies, Delhi. Alpex Solar is a Nodia-based Solar Photovoltaic (PV) module manufacturer in North India.
  • The PV modules are manufactured using monocrystalline and polycrystalline cell technologies.
  • The Company provide integrated solar energy solutions, including engineering, procurement, construction (EPC) of DC/AC Solar Pumps.

About Thermax Ltd

  • Incorporated in 1966 as Wanson India by A.S. Bhathena, Thermax Group is a Rs. 8,090 crore company headquartered in Pune, India.
  • The Company offers integrated solutions in heating, cooling, power generation, water treatment and recycling, air pollution control and chemicals, with an emphasis on ensuring clean air, clean energy and clean water.
  • As a one-stop utility solutions provider, Thermax extends comprehensive operations and maintenance support allied to each of its business verticals as well as a multitude of several specialised services, including retrofitting, revamping, upgrading, and auditing. Additionally, the Company has expanded its services portfolio by introducing digital solutions catering to all asset lifecycle need for a diverse range of its products.
  • It operate globally through 34 international and 22 domestic offices, 14 manufacturing facilities - 10 in India and 4 overseas, spanning Europe and South East Asia.

Alpex Solar Ltd News Hub

News

Alpex Solar to table results

Alpex Solar will hold a meeting of the Board of Directors of the Company on 21 May 2025. P...

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19 May 2025 12:30

News

Alpex Solar bags Rs 211-cr order from SECI

According to an exchange filing, the company will execute the project in accordance with t...

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28 Feb 2025 16:18

News

Alpex Solar to convene board meeting

Alpex Solar will hold a meeting of the Board of Directors of the Company on 11 February 20...

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06 Feb 2025 16:45

News

Alpex Solar to announce Quarterly Result

Alpex Solar will hold a meeting of the Board of Directors of the Company on 12 November 20...

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12 Nov 2024 10:28

News

Alpex Solar to conduct AGM

Alpex Solar announced that the 31th Annual General Meeting (AGM) of the company will be he...

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05 Sep 2024 10:25

News

Alpex Solar to hold board meeting

Alpex Solar will hold a meeting of the Board of Directors of the Company on 3 September 20...

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30 Aug 2024 16:36

Thermax Ltd News Hub

News

Thermax schedules board meeting

Thermax will hold a meeting of the Board of Directors of the Company on 31 July 2025. Powe...

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09 Jul 2025 10:12

News

Thermax to hold AGM

Thermax announced that the 44th Annual General Meeting(AGM) of the company will be held on...

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07 Jul 2025 10:05

News

Board of Thermax recommends final dividend

Thermax announced that the Board of Directors of the Company at its meeting held on 9 May ...

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10 May 2025 09:52

News

Thermax Q4 PAT jumps 8% YoY to Rs 206 cr; declares dividend of Rs 14/sh

Revenue from operations grew by 11.62% to Rs 3,084.93 crore in the quarter ended 31 March ...

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10 May 2025 12:44

News

Thermax to table results

Thermax will hold a meeting of the Board of Directors of the Company on 9 May 2025. Powere...

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19 Apr 2025 09:57

News

Thermax announces incorporation of wholly owned step-down subsidiary

Thermax announced that the Ministry of Corporate Affairs (MCA) has issued certificate of i...

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11 Apr 2025 17:13

SWOT Analysis Of Alpex Solar Ltd

Strength

3

S

Weakness

2

W

Opportunity

0

O

Threats

0

T

SWOT Analysis Of Thermax Ltd

Strength

3

S

Weakness

1

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Alpex Solar Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

BlinkX Score for Thermax Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

FAQs for the comparison of Alpex Solar Ltd and Thermax Ltd

Which company has a larger market capitalization, Alpex Solar Ltd or Thermax Ltd?

Market cap of Alpex Solar Ltd is 2,913 Cr while Market cap of Thermax Ltd is 41,433 Cr

What are the key factors driving the stock performance of Alpex Solar Ltd and Thermax Ltd?

The stock performance of Alpex Solar Ltd and Thermax Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Alpex Solar Ltd and Thermax Ltd?

As of July 16, 2025, the Alpex Solar Ltd stock price is INR ₹1190.35. On the other hand, Thermax Ltd stock price is INR ₹3477.25.

How do dividend payouts of Alpex Solar Ltd and Thermax Ltd compare?

To compare the dividend payouts of Alpex Solar Ltd and Thermax Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.
Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.
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