THERMAX

Thermax Ltd. made headlines today (8 May 2026)

Thermax Ltd. made headlines today (8 May 2026) after posting strong Q4 FY26 results and announcing a major renewable‑energy project win. The stock traded up nearly 6 % intraday to ₹3,210, supported by solid order inflows and margin expansion. Order Book: ₹10,850 crore (+18 % YoY) — driven by industrial decarbonization and waste‑heat recovery projects. Dividend: ₹12/share (final). Key Developments New Project Win: ₹1,200 crore EPC contract for a green hydrogen and waste‑heat recovery plant in Gujarat. Segment Performance: Energy Solutions: +11 % YoY revenue growth. Environment Solutions: +9 % YoY, aided by water‑treatment orders. Chemical Division: +7 % YoY, steady exports to Southeast Asia. Strategic Focus: Expanding renewable and hybrid energy systems; targeting net‑zero industrial clients by 2030. hermax expects FY27 revenue growth of 12–15 % with margin expansion to ~11 %. Management reiterated focus on green hydrogen, solar‑thermal, and hybrid boilers as future growth engines.