HomeInsightsStock Comparison

Thermax Ltd vs Transformers Rectifiers India Ltd Stock Comparison

Thermax Ltd vs Transformers Rectifiers India Ltd Stock Comparison

Last Updated on: Jul 16, 2025

Key Highlights

  • The Latest Trading Price of Thermax Ltd is ₹ 3691 as of 16 Jul 12:48.
  • The 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 yearsThe P/E Ratio of Transformers & Rectifiers India Ltd changed from 181.7 on March 2020 to 75.1 on March 2025 . This represents a CAGR of -13.69% over 6 years.
  • The 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 yearsThe Market Cap of Transformers & Rectifiers India Ltd changed from ₹ 72.25 crore on March 2020 to ₹ 16087 crore on March 2025 . This represents a CAGR of 146.19% over 6 years.
  • 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 revenue of Transformers & Rectifiers India Ltd for the Mar '25 is ₹ 686.66 crore as compare to the Dec '24 revenue of ₹ 568.32 crore. This represent the growth of 20.82%.
  • 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 ebitda of Transformers & Rectifiers India Ltd for the Mar '25 is ₹ 141.44 crore as compare to the Dec '24 ebitda of ₹ 93.77 crore. This represent the growth of 50.84%.
  • 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 net profit of Transformers & Rectifiers India Ltd changed from ₹ -12.21 crore to ₹ 94.2 crore over 8 quarters. This represents a CAGR of NaN% .
  • The 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 yearsThe Dividend Payout of Transformers & Rectifiers India Ltd changed from 19.08 % on March 2021 to 3.2 % on March 2025 . This represents a CAGR of -30.03% over 5 years.

Share Price

* All values are in Rupees

P/E Ratio Over Time

No data available

Market Cap Over Time

No data available

* 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

* All values are in crore

Net Profit Over Time

No data available

* All values are in crore

Dividend Payout Over Time

No data available

* All values are in %

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.

About Transformers & Rectifiers India Ltd

  • Transformers & Rectifiers India Limited (TARIL) was originally incorporated on 11 July, 1994 as 'Triveni Electric Company Limited'.
  • Mr. Jitendra U. Mamtora, Mrs. Karunaben J. Mamtora and Mr. Satyen J. Mamtora promoted the Company.
  • In 1995, the Company's name was changed to 'Transformers and Rectifiers (India) Limited'.
  • Currently, the company is having 2 manufacturing facilities situated at Changodar and Odhav situated in Ahmedabad.
  • The Company acquired Odhav unit in 2006 as part of the expansion plans. The Company's business mainly comprises of manufacturing and selling of various kinds of transformers such as power, and distribution transformers, furnace transformers, rectifier transformers, and specialised transformers.

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...

Read more

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...

Read more

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 ...

Read more

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 ...

Read more

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...

Read more

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...

Read more

11 Apr 2025 17:13

Transformers & Rectifiers India Ltd News Hub

News

Transformers & Rectifiers appoints Mukul Srivastava as CEO

Mukul Srivastava is a seasoned professional with over 3 decades of rich experience in Exec...

Read more

08 Jul 2025 12:49

News

Transformers and Rectifiers ends higher after bagging export order worth $16.65 million

The contract is for supplying 12 units of various types of transformers. The transformers ...

Read more

20 Jun 2025 16:05

News

Transformers and Rectifiers (India) bags export order

Transformers and Rectifiers (India) has secured Export Order of USD 16,645,724.00/- from J...

Read more

20 Jun 2025 16:13

News

Transformers and Rectifiers (India) receives upgrade in credit ratings

Transformers and Rectifiers (India) has received upgrade in credit ratings from India Rati...

Read more

13 Jun 2025 12:41

News

Transformers and Rectifiers spurts after strong Q4 numbers

On a consolidated basis, the company's net profit rose 62% and revenue from operations cli...

Read more

08 Apr 2025 16:35

News

Transformers & Rectifiers India AGM scheduled

Transformers & Rectifiers India announced that the 31th Annual General Meeting(AGM) of the...

Read more

08 Apr 2025 17:31

SWOT Analysis Of Transformers & Rectifiers India Ltd

Strength

7

S

Weakness

2

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 Transformers & Rectifiers India Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

BlinkX Score for Thermax Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

FAQs for the comparison of Thermax Ltd and Transformers & Rectifiers India Ltd

Which company has a larger market capitalization, Thermax Ltd or Transformers & Rectifiers India Ltd?

Market cap of Thermax Ltd is 41,433 Cr while Market cap of Transformers & Rectifiers India Ltd is 15,371 Cr

What are the key factors driving the stock performance of Thermax Ltd and Transformers & Rectifiers India Ltd?

The stock performance of Thermax Ltd and Transformers & Rectifiers India 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 Thermax Ltd and Transformers & Rectifiers India Ltd?

As of July 16, 2025, the Thermax Ltd stock price is INR ₹3477.25. On the other hand, Transformers & Rectifiers India Ltd stock price is INR ₹512.1.

How do dividend payouts of Thermax Ltd and Transformers & Rectifiers India Ltd compare?

To compare the dividend payouts of Thermax Ltd and Transformers & Rectifiers India 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.
up arrow
Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions

Join the

Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions