Thermon Group Holdings (THR) Key Ratios
$61.14
As on 29-May-2026 16:03EDT
Market cap
$2,014 Mln
Revenue (TTM)
$536 Mln
P/E Ratio
45
P/B Ratio
3.7
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 0.69 | 10.63 | 7.64 | 6.77 | 14.19 |
| EBIT | -- | -- | -23.19 | 3.89 | 44.14 |
| Net Profit | -84.99 | -83.83 | -16.71 | 12.52 | 67.39 |
| EPS | -85.10 | -83.42 | -14.36 | 10.52 | 110.77 |
| Book Value | -- | -- | 11.51 | 9.56 | 7.29 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | Mar-26 | Mar-25 | Mar-24 |
| EBIT-Margin
| 15.05 | 13.46 | 13.53 | 16.15 | 15.47 |
| Net Margin
| -- | 6.68 | -- | -- | -- |
| Return on equity
| 10.40 | 8.92 | 8.62 | 11.03 | 11.54 |
| Return on Capital
| 7.78 | 6.65 | 6.63 | 8.17 | 8.53 |
| Return on Assets
| 6.64 | 5.67 | 5.62 | 7.03 | 7.28 |
| Debt to Equity (x)
| -- | -- | 0.29 | 0.31 | 0.39 |
Profitability
ROCE
6.63
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
6.63
|
8.17
|
8.53
|
6.19
|
3.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
8.62
--
Profit after tax / Average Net worth * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
8.62
|
11.03
|
11.54
|
8.23
|
5.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROA
5.62
--
Profit after tax / Average Total assets * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
5.62
|
7.03
|
7.28
|
5.23
|
3.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Margin
13.53
--
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
13.53
|
16.15
|
15.47
|
12.51
|
9.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Margin
8.31
--
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
8.31
|
10.74
|
10.43
|
7.64
|
5.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
0.08
--
Year on year growth in net sales
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
0.08
|
0.01
|
0.12
|
0.24
|
0.29
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Growth
-9.79
--
Year on year growth in operating profit (EBIT)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
-9.79
|
5.13
|
38.86
|
60.93
|
258.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Profit Growth
-16.71
--
Year on year growth in profit after tax
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
-16.71
|
3.74
|
53.23
|
67.56
|
2,190.99
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EPS Growth
-0.15
--
Year on year growth in earnings per share
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
-0.15
|
0.04
|
0.52
|
0.66
|
21.57
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.29
--
Total debt / Net worth
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
0.29
|
0.31
|
0.39
|
0.31
|
0.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.02
--
(Short term borrowings / Net worth)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
0.02
|
0.04
|
0.05
|
0.07
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.69
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
2.69
|
2.43
|
2.51
|
2.28
|
3.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Quick Ratio
1.76
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
1.76
|
1.64
|
1.72
|
1.53
|
2.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Interest Coverage
9.08
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
9.08
|
7.79
|
8.65
|
9.39
|
5.89
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
28.38
--
Debtors outstanding / Net Sales * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
28.38
|
25.94
|
25.40
|
26.56
|
33.61
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Asset Turnover
0.68
--
Sales / Average Total Assets
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
0.68
|
0.65
|
0.70
|
0.69
|
0.57
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Receivable days
95.85
--
Average Debtors / Sales * 365
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
95.85
|
93.43
|
89.60
|
98.07
|
109.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
129.01
--
Average Inventory / Sales * 365
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
129.01
|
116.28
|
108.68
|
109.93
|
114.75
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
45.03
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
45.03
|
41.51
|
37.89
|
43.53
|
45.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
179.83
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
179.83
|
168.20
|
160.39
|
164.47
|
179.31
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
37.56
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
37.56
|
17.72
|
21.72
|
25.15
|
27.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Price / Book Value
3.11
--
Current share price divided by book value per share in the latest financial year
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
3.11
|
1.91
|
2.36
|
2.02
|
1.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
19.83
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Thermon Group Holdings (THR)
|
19.83
|
10.32
|
13.20
|
12.64
|
11.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|