Thermax Ltd. stands out as a sector leader in terms of growth and profitability, boasting solid revenue growth and a robust return on equity. Despite a higher valuation relative to peers, its strong financial metrics justify its premium. However, several companies also exhibit strong performance, presenting both value and growth opportunities within the sector.

• • Thermax Ltd. has strong revenue growth and profitability metrics compared to peers.
• • Bharat Heavy Electricals Ltd. is financially weak with high PE and low ROE.
• • Triveni Turbine Ltd. and Kirloskar Oil Engines Ltd. are notable value picks with strong profitability and low debt levels.
• • Jyoti CNC Automation Ltd. shows high efficiency but suffers from poor revenue growth.