Thermax Stock Price - ₹3,733.90 | Capital Goods

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Company insights, generated from the most recent coverage.

Q1 FY27 PAT crashed 85% YoY to ₹22 Cr despite 7% revenue growth — severe operating leverage reversal.
Industrial Infra segment posted ₹71 Cr PBIT loss (-8.7% margin) due to ₹91 Cr cost-to-complete provision on a specific project.
Steel price surge of ~18% compressed margins in Industrial Products segment, an unexpected commodity headwind not fully pass-throughable.

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The Quarter story

The two most recent quarterly results, compared side-by-side.

Order books and cash reserves strengthen, but Q1 FY27 profits face sharp compression amid margin pressure.

Industrial Products order balance grows from ₹4,621 Cr in Q1 FY26 to ₹5,370 Cr in Q1 FY27, securing steady demand visibility.

Consolidated profit after tax falls from ₹244 Cr in Q4 FY26 to ₹22 Cr in Q1 FY27, highlighting sharp earnings compression.

Consolidated cash and investments recover from ₹2,558 Cr in Q3 FY26 to ₹3,231 Cr in Q1 FY27, strengthening the liquidity buffer.

Consolidated PBT margin compresses from 9.8% in Q1 FY26 to 0.9% in Q1 FY27, warning of profitability strain.

Data Centres order book share jumps from 2% in Q3 FY26 to 17% in Q1 FY27, capturing rapid infrastructure demand.

Green Solutions PBT margin drops from 6.1% in Q2 FY26 to -6.9% in Q1 FY27, indicating operational cost pressures.

Pharmaceuticals order book share expands from 2% in Q1 FY26 to 5% in Q1 FY27, reflecting growing sector interest.

Cement order book share shrinks from 9% in Q1 FY26 to 2% in Q1 FY27, reflecting sector demand slowdown.

Engineering order book share rises from 7% in Q1 FY26 to 13% in Q1 FY27, signaling sector recovery.

Refinery and Petrochemical order book share crashes from 25% in Q3 FY26 to 2% in Q1 FY27, showing a clear pullback.

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In the news

Thermax shares gain 2.70% to ₹4,154 amid positive sentiment

LIC Housing Finance Q1 profit up 9.4% to ₹1,488 cr, targets ₹4,000 cr loans

Thermax Q1 profit plunges 83% to ₹25 crore amid cost overruns

India's ₹20,000 cr CCUS push opens carbon economy opportunities

IIFL bullish on Thermax, CG Power & ABB; Dixon Vivo JV priced in

Thermax stock hits record 52-week high after 8% surge on strong Q4 results

Thermax shares hit 52-week high at ₹4,736 on Q4 profit beat

Thermax, Finolex Cables Hit 52-Week Highs; Valuation Concerns Emerge

Thermax, Meghmani, Afcons lead stocks to watch today

Thermax arm secures ₹1,600 cr order for 800 MW power plant

Thermax acquires 51% stake in Exactspace for ₹30.48 crore

Thermax Q3 profit jumps 80% YoY, margin expands to 9.7%

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