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Apar Industries Ltd vs Thermax Ltd Stock Comparison

Apar Industries Ltd vs Thermax Ltd Stock Comparison

Last Updated on: Jul 16, 2025

Key Highlights

  • The Latest Trading Price of Apar Industries Ltd is ₹ 9014 as of 16 Jul 15:30.
  • The P/E Ratio of Apar Industries Ltd changed from 8.1 on March 2020 to 27.1 on March 2025 . This represents a CAGR of 22.30% over 6 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 Apar Industries Ltd changed from ₹ 1101 crore on March 2020 to ₹ 22243 crore on March 2025 . This represents a CAGR of 65.03% over 6 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 Apar Industries Ltd for the Mar '25 is ₹ 5226 crore as compare to the Dec '24 revenue of ₹ 4750 crore. This represent the growth of 10.03% 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 Apar Industries Ltd for the Mar '25 is ₹ 475.3 crore as compare to the Dec '24 ebitda of ₹ 390.2 crore. This represent the growth of 21.81% 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 Apar Industries Ltd changed from ₹ 197.43 crore to ₹ 249.97 crore over 8 quarters. This represents a CAGR of 12.52% 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 Apar Industries Ltd changed from 26.16 % on March 2020 to 25.81 % on March 2025 . This represents a CAGR of -0.22% 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

* All values are in Rupees

P/E Ratio Over Time

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Market Cap Over Time

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* All values are in crore

Historical Share Prices

* All values are in Rupees

Revenue Over Time

No data available

* All values are in crore

EBITDA Over Time

No data available

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Net Profit Over Time

No data available

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Dividend Payout Over Time

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* All values are in %

About Apar Industries Ltd

  • Apar Industries Limited, founded by Late Shri.
  • Dharmsinh D. Desai in the year 1958 is one among the established companies in India, operating in the diverse fields of electrical and metallurgical engineering offering value added products and services in Power Transmission Conductors, Petroleum Specialty Oils and Power & Telecom Cables.
  • The Company is one among the top 3 global leaders in conductors, the 4th largest global transformer oil manufacturer, the largest domestic cable manufacturer in the renewable sector and a leading player in auto lubricants.
  • The Company has strategic tie-ups with big global firms, such as ENI S.p.A, Italy, and CTC Global, USA. Apar Industries Limited (AIL), formerly known as 'Gujarat Apar Polymers Limited' was promoted by Apar, the flagship company of the Apar Group, along with the Gujarat Industrial Investment Corporation (GIIC).

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.

Apar Industries Ltd News Hub

News

Apar Industries to conduct AGM

Apar Industries announced that the 36th Annual General Meeting(AGM) of the company will be...

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10 Jul 2025 17:50

News

Apar Industries Ltd leads gainers in 'A' group

Alok Industries Ltd, Dilip Buildcon Ltd, Jai Balaji Industries Ltd and Rajesh Exports Ltd ...

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26 Jun 2025 12:00

News

Apar Industries Ltd leads gainers in 'A' group

Kirloskar Oil Engines Ltd, Astra Microwave Products Ltd, Tilaknagar Industries Ltd and eCl...

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15 May 2025 12:00

News

Board of Apar Industries recommends final dividend

Apar Industries announced that the Board of Directors of the Company at its meeting held o...

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14 May 2025 14:16

News

Board of Apar Industries appoints director

The Board of Apar Industries at its meeting held on 14 May 2025 has approved the appointme...

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14 May 2025 14:14

News

Apar Industries to announce Quarterly Result

Apar Industries will hold a meeting of the Board of Directors of the Company on 14 May 202...

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26 Apr 2025 10:35

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 Apar Industries Ltd

Strength

5

S

Weakness

3

W

Opportunity

0

O

Threats

1

T

SWOT Analysis Of Thermax Ltd

Strength

3

S

Weakness

1

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Apar Industries Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

BlinkX Score for Thermax Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

FAQs for the comparison of Apar Industries Ltd and Thermax Ltd

Which company has a larger market capitalization, Apar Industries Ltd or Thermax Ltd?

Market cap of Apar Industries Ltd is 36,306 Cr while Market cap of Thermax Ltd is 41,433 Cr

What are the key factors driving the stock performance of Apar Industries Ltd and Thermax Ltd?

The stock performance of Apar Industries 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 Apar Industries Ltd and Thermax Ltd?

As of July 16, 2025, the Apar Industries Ltd stock price is INR ₹9038.6. On the other hand, Thermax Ltd stock price is INR ₹3477.25.

How do dividend payouts of Apar Industries Ltd and Thermax Ltd compare?

To compare the dividend payouts of Apar Industries 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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