WELCORP and THERMAX, both in Industrial Machinery. Monthly data through 2026-10-09. Change the comparison →
Share price change since Jan '19, the first month all 2 have a price: WELCORP +2438%, THERMAX +197%.
Rebased at 2019-01. Monthly closes from each company's history.
Months with a missing value are left as gaps.
The share price return over 3 years, split into net profit growth, share count change and the change in P/E.
WELCORP: share price rose 521% over 3 years: +328 pts from net profit growth, +196 pts from the P/E change, −3 pts from share count change.
THERMAX: share price rose 15% over 3 years: +62 pts from net profit growth, −47 pts from the P/E change.
Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.
Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Percentiles use today's listed companies in the sector and need at least 5 peers with a value.
| Metric | WELCORP | THERMAX |
|---|---|---|
| Share Price | ₹2640.40 | ₹3256.30 |
| Market Cap | ₹69694 cr | ₹38770 cr |
| P/E | 79.7x | 66.4x |
| P/B | 13.5x | 8.8x |
| P/S | 8.7x | 5.8x |
| ROCE | 21.0% | 16.0% |
| ROE | 17.0% | 13.2% |
| Operating margin | 11.0% | -2.1% |
| Revenue (TTM), indexed to 100 | ₹8037 cr | ₹6639 cr |
| Net Profit (TTM) | ₹875 cr | ₹584 cr |
| Debt / Equity | 0.1x | 0.0x |
| Cash Conversion Cycle | 74d | -11d |
| Promoter holding | 49.7% | 62.0% |
| FII Holding | 14.6% | 11.5% |
| DII Holding | 20.0% | 15.2% |
| 12M momentum | 173.4% | 1.2% |
| Drawdown from Peak | -2.8% | -39.8% |
| Cash conversion (3Y) | 1.0x | 0.5x |
| Interest cover | 12.9x | 27.3x |
| Share Count Change (1Y) | 0.8% | 0.0% |
| Volatility (1Y) | 43.1% | 35.5% |
Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.
Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.