Solex Energy Ltd vs Thermax Ltd Stock Comparison

Home

Insights

Stock Comparison

Last Updated on: May 27, 2026

Key Highlights

The Latest Trading Price of Solex Energy Ltd is ₹ 1271 as of 27 May 15:30 . The P/E Ratio of Solex Energy Ltd changed from 74.2 on March 2024 to 16.2 on March 2025 . This represents a CAGR of -53.27% over 2 yearsThe P/E Ratio of Thermax Ltd changed from 73.3 on March 2021 to 64.9 on March 2025 . This represents a CAGR of -2.40% over 5 years The Market Cap of Solex Energy Ltd changed from ₹ 648 crore on March 2024 to ₹ 681.85 crore on March 2025 . This represents a CAGR of 2.58% over 2 yearsThe Market Cap of Thermax Ltd changed from ₹ 16039 crore on March 2021 to ₹ 43539 crore on March 2025 . This represents a CAGR of 22.11% over 5 years The revenue of Solex Energy Ltd for the Mar '26 is ₹ 885.95 crore as compare to the Dec '25 revenue of ₹ 319.43 crore. This represent the growth of 177.35% The revenue of Thermax Ltd for the Mar '26 is ₹ 3484 crore as compare to the Dec '25 revenue of ₹ 2756 crore. This represent the growth of 26.42% The ebitda of Solex Energy Ltd for the Mar '26 is ₹ 98.77 crore as compare to the Dec '25 ebitda of ₹ 27.41 crore. This represent the growth of 260.34% The ebitda of Thermax Ltd for the Mar '26 is ₹ 430.49 crore as compare to the Dec '25 ebitda of ₹ 376.19 crore. This represent the growth of 14.43% The net profit of Solex Energy Ltd changed from ₹ 4 crore to ₹ 58.89 crore over 8 quarters. This represents a CAGR of 283.70% The net profit of Thermax Ltd changed from ₹ 109.42 crore to ₹ 244.4 crore over 8 quarters. This represents a CAGR of 49.45% The Dividend Payout of Solex Energy Ltd changed from 8.82 % on March 2021 to 1.5 % on March 2025 . This represents a CAGR of -29.83% over 5 yearsThe Dividend Payout of Thermax Ltd changed from 59.14 % on March 2021 to 29.16 % on March 2025 . This represents a CAGR of -13.19% over 5 years .

About Solex Energy Ltd

Solex Energy Limited (SEL) was originally incorporated on October 13, 2014 as 'Solex Energy Private Limited'.
Further the Company was converted into Public Limited Company and name of the Company was changed to 'Solex Energy Limited' on September 22, 2017. Headquartered in Gujarat, India, the Company stands as a prominent solar photovoltaic module manufacturer.
With the capability to produce modules using advanced MONO PERC and TOP-Con technology, Solex offers a diverse product range including Monofacial and Bi-facial modules across various power capacities. The Company is engaged providing renewable energy solutions, specialized in the manufacturing of Solar photovoltaic module, solar home light, solar street light, solar lantern, solar power plant, solar invertors, solar water heating systems and wood fired water heater etc.

About Thermax Ltd

Incorporated in 1966 as Wanson India by A.S. Bhathena, Thermax Group is a Rs. 9,323 Crore company headquartered in Pune, India.
The Company provide integrated solutions in heating, cooling, power generation, water treatment and recycling, air pollution control and chemicals, emphasizing 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.

FAQs for the comparison of Solex Energy Ltd and Thermax Ltd

Which company has a larger market capitalization, Solex Energy Ltd or Thermax Ltd?

Market cap of Solex Energy Ltd is 1,373 Cr while Market cap of Thermax Ltd is 54,676 Cr

What are the key factors driving the stock performance of Solex Energy Ltd and Thermax Ltd?

The stock performance of Solex Energy 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 Solex Energy Ltd and Thermax Ltd?

As of May 27, 2026, the Solex Energy Ltd stock price is INR ₹1271.1. On the other hand, Thermax Ltd stock price is INR ₹4588.65.

How do dividend payouts of Solex Energy Ltd and Thermax Ltd compare?

To compare the dividend payouts of Solex Energy 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.