THR Share Price | Thermon Group Holdings, Inc. Stock Analysis & Recommendation

Q: What does Thermon Group Holdings, Inc. do?

Overview: Thermon Group Holdings, Inc. is a provider of engineered thermal solutions for process industries, operating within the Electronics & Appliances industry and classified as a micro-cap company.Financial Snapshot: Most recent Net Sales: 134 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 17 Million (Quarterly Results - Mar 2025) Market-cap: USD 898.69 Million (Micro Cap)Key Metrics: P/E: 17.00 Dividend Yield: 0.00% Debt Equity: 0.20 Return on Equity: 10.66% Price to Book: 1.81Contact Details: Address: Building 300, 7171 Southwest Pkwy Bldg 200 AUSTIN TX : 78735-6140 Tel: 1 512 6900600 Website: http://www.thermon.com/

Q: Is Thermon Group Holdings, Inc. overvalued or undervalued?

As of 7 August 2025, the valuation grade for Thermon Group Holdings, Inc. has moved from attractive to very attractive, indicating a strong improvement in its valuation outlook. The company appears to be undervalued, with a P/E ratio of 17, which is higher than the peer average of approximately 16.64 for similar companies like Encore Wire Corp. and AZZ, Inc. Additionally, Thermon has an EV to EBITDA ratio of 10.00, which is competitive compared to peers such as Powell Industries, Inc. at 14.12.In terms of performance, Thermon Group's recent stock returns have lagged behind the S&P 500, with a year-to-date return of -5.84% compared to the index's 12.22%. However, over a five-year period, Thermon has significantly outperformed the S&P 500 with a return of 129.58% versus 96.61%. Overall, the combination of strong valuation ratios and a favorable comparison to peers suggests that Thermon Group Holdings, Inc. is currently undervalued.

Q: Is Thermon Group Holdings, Inc. technically bullish or bearish?

As of 18 August 2025, the technical trend for Thermon Group Holdings, Inc. has changed from mildly bearish to bearish. The weekly MACD is bearish, and the KST is also bearish on both weekly and monthly time frames. The daily moving averages indicate a mildly bearish stance, while Bollinger Bands show a sideways trend on the weekly and mildly bearish on the monthly. The Dow Theory suggests a mildly bullish weekly trend but no trend on the monthly, and the OBV indicates a mildly bullish weekly stance with no trend monthly.In terms of performance, Thermon has underperformed the S&P 500 year-to-date and over the past year, with returns of -5.84% and -9.70% compared to the S&P 500's 12.22% and 17.14%, respectively. However, it has outperformed the benchmark over the 3-year and 5-year periods. Overall, the current technical stance is bearish, indicating weakness in the stock's performance.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

872.59 k

Shareholding (Dec 2025)

FII

12.37%

Held by 84 FIIs

DII

38.94%

Held by 52 DIIs

Promoter

0.00%

How big is Thermon Group Holdings, Inc.?

22-Jun-2025

As of Jun 18, Thermon Group Holdings, Inc. has a market capitalization of 898.69 million, with net sales of 498.21 million and a net profit of 53.51 million for the latest four quarters. The balance sheet shows shareholder's funds of 495.31 million and total assets of 755.45 million.

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What does Thermon Group Holdings, Inc. do?

22-Jun-2025

Thermon Group Holdings, Inc. provides engineered thermal solutions for process industries and is classified as a micro-cap company. As of March 2025, it reported net sales of $134 million and a net profit of $17 million, with a market cap of $898.69 million.

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Who are in the management team of Thermon Group Holdings, Inc.?

22-Jun-2025

As of March 2022, the management team of Thermon Group Holdings, Inc. includes Independent Chairman Mr. John Nesser, President and CEO Mr. Bruce Thames, and Independent Directors Mr. John Clarke, Ms. Linda Dalgetty, Mr. Roger Fix, Mr. Marcus George, and Mr. Kevin McGinty. They oversee the company's strategic direction and governance.

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Is Thermon Group Holdings, Inc. overvalued or undervalued?

20-Sep-2025

As of August 7, 2025, Thermon Group Holdings, Inc. is considered very attractive in valuation, appearing undervalued with a P/E ratio of 17 compared to a peer average of 16.64, despite recent stock performance lagging behind the S&P 500 year-to-date, while significantly outperforming it over the past five years.

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Is Thermon Group Holdings, Inc. technically bullish or bearish?

20-Sep-2025

As of August 18, 2025, Thermon Group Holdings, Inc. has a bearish technical trend, with underperformance against the S&P 500 year-to-date and over the past year, despite outperforming over the 3- and 5-year periods.

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Compare Thermon Group Holdings, Inc. with Similar Stocks

GrafTech International Ltd.Powell Industries, Inc.NET Power, Inc.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Company has a low Debt to Equity ratio (avg) at times

Flat results in Jun 25

With ROCE of 13.36%, it has a attractive valuation with a 1.71 Enterprise value to Capital Employed

Market Beating performance in long term as well as near term

Mojo Parameters

Stock DNA

Industry

Electronics & Appliances

Market cap

USD 1,583 Million (Small Cap)

P/E

28.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.18

Return on Equity

10.60%

Price to Book

2.94

Revenue and Profits:

Net Sales:

147 Million

(Quarterly Results - Dec 2025)

Net Profit:

18 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

22.34%

6 Months

73.24%

1 Year

57.01%

2 Years

57.59%

3 Years

96.77%

4 Years

166.95%

5 Years

136.78%

Thermon Group Holdings, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

12.38%

EBIT Growth (5y)

33.73%

EBIT to Interest (avg)

7.11

Debt to EBITDA (avg)

1.46

Net Debt to Equity (avg)

0.20

Sales to Capital Employed (avg)

0.77

Tax Ratio

23.68%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

100.00%

ROCE (avg)

10.18%

ROE (avg)

8.04%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.94

EV to EBIT

20.19

EV to EBITDA

15.85

EV to Capital Employed

2.65

EV to Sales

3.21

PEG Ratio

0.99

Dividend Yield

ROCE (Latest)

13.12%

ROE (Latest)

10.60%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bollinger Bands

Bullish

Mildly Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Mildly Bearish

No Trend

OBV

Mildly Bearish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 65 Schemes (48.68%)

Foreign Institutions

Held by 84 Foreign Institutions (12.37%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "val1": "2.20",
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          "chgp": "7.14%",
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          "val1": "10.30",
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Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

147.30

131.70

11.85%

Operating Profit (PBDIT) excl Other Income

32.40

27.40

18.25%

Interest

2.20

2.00

10.00%

Exceptional Items

0.40

0.20

100.00%

Consolidate Net Profit

18.30

15.00

22.00%

Operating Profit Margin (Excl OI)

180.90%

163.80%

1.71%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 11.85% vs 20.94% in Sep 2025

Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 22.00% vs 74.42% in Sep 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

498.20

494.60

0.73%

Operating Profit (PBDIT) excl Other Income

103.60

96.70

7.14%

Interest

10.30

8.80

17.05%

Exceptional Items

-0.30

-1.70

82.35%

Consolidate Net Profit

53.50

51.60

3.68%

Operating Profit Margin (Excl OI)

163.00%

157.50%

0.55%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2025 is 0.73% vs 12.26% in Mar 2024

Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 3.68% vs 53.12% in Mar 2024

All Annual Results

Company CV

About Thermon Group Holdings, Inc.

Thermon Group Holdings, Inc.

Electronics & Appliances

Thermon Group Holdings, Inc. is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.

Company Coordinates

Company Details

Building 300, 7171 Southwest Pkwy Bldg 200 AUSTIN TX : 78735-6140

Tel: 1 512 69006001 512 6900600

http://www.thermon.com/

Registrar Details