Kalpataru Projects International Limited (KPIL), a leading infrastructure EPC company, announced its financial results today for the quarter and half year ended 30th September 2026. The company delivered record performance with revenue and profitability growth led by a healthy backlog and accelerated project progress, particularly in Power Transmission and Distribution (T&D), Buildings and Factories (B&F) and Oil and Gas businesses.

Financial Highlights

KPIL’s consolidated revenue grew 7% year-on-year to ₹7,004 crores in Q2 FY27. The PBT stood at ₹398 crores, up 24% YoY, while the PBT margin increased by 80 bps to 5.7%. PAT grew by 23% YoY to ₹292 crores in Q2 FY27. The net debt was reduced to ₹72 crores, a reduction of over 98% YoY, and net working capital days stood at 68 days.

Order Book and Wins

The company received new orders worth ₹1,613 crores, leading to total order inflows of ₹23,934 crores till date in FY27. The consolidated order book stands at ₹71,846 crores as on 30th September 2026. KPIL is favourably placed/L1 in projects worth ~₹5,000 Crore.

Management Commentary

Commenting on the results, Mr. Manish Mohnot, MD & CEO, KPIL said: ‘KPIL has delivered another strong quarter, marked by robust revenue growth, margin expansion and healthy EPS growth, supported by an all-time high order book and a resilient balance sheet. Looking ahead, with our diversified business portfolio, integrated EPC capabilities and disciplined approach to growth and capital allocation, we are well positioned to capitalise on the significant infrastructure and energy investment opportunities and deliver sustainable long-term value for all our stakeholders.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Kalpataru Projects International Limited

Kalpataru Projects International Limited belongs to the Industrials › Engineering & Construction sector. Here’s a quick read on where the business and the stock stand today.

Kalpataru posts a 4.2% three-month gain, but softens in the last few weeks. The PEG of 0.62 signals undervaluation relative to growth. It is a potential re-rating candidate. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gives back 1.9% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 18.4% and profits at 33.1%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Kalpataru Projects International Limited.

Thermax Limited (THERMAX) has unveiled its Q2 FY 2026-2027 investor presentation, emphasizing the theme of ‘Conserving Resources, Preserving the Future’. The presentation underscores the company’s commitment to sustainable solutions in energy and the environment. Thermax reported a revenue of Rs. 10,694 crore, highlighting improved operations in the Industrial Products and Industrial Infrastructure segments.

Process Heat Solutions

Thermax has enabled cleaner process heat at scale with innovative solutions. Notably, the company installed a first-of-its-kind high-temperature electric heat pump for the textile industry, aiding customers in achieving their ESG targets.

Green Hydrogen Milestone

A strategic milestone was achieved with the securing of a green hydrogen purification order for a 96 MW green hydrogen project, the largest in India, marking a significant milestone in Thermax’s clean energy journey.

Operational Excellence

Thermax continues to demonstrate operational excellence with various projects, including an 8 Mn kcal/hr biomass-fired thermic fluid heater for a leading food processing player and 2 x 65 TPH IR-CFB boilers for a chemical manufacturer’s captive power facility.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Thermax Limited

Thermax Limited belongs to the Industrials › Conglomerates sector. Here’s a quick read on where the business and the stock stand today.

Thermax falls 28.6% over three months and has not found a floor yet. The PEG reaches 3.72. The stock trades on brand and index weight, not on growth. Thin margins at 5.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock sits at 23% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 9.8% and profits at 17.0% CAGR, with D/E of 0.00. Meanwhile, the stock dips 28.6% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Thermax Limited.

Hindustan Foods Limited ( “HFL ” or the “ Company ”), a diversified FMCG contract manufacturer, announced its unaudited financial results for the quarter ending 30th September 2026. The company has continued to deliver healthy growth in both Q2 FY27 and H1 FY27, demonstrating the resilience of its diversified manufacturing platform despite geopolitical uncertainties and operational challenges.

Financial Highlights

Key Consolidated Financial Highlights for H1 FY27 are as follows:

• Total Income increased by 18% to Rs 2,476 Crores in H1 FY27 from Rs 2,098 Crores in H1 FY26
• EBITDA increased by 26% to Rs 222 Crores in H1 FY27 from Rs 176 Crores in H1 FY26
• PBT increased by 28% to Rs 118 Crores in H1 FY27 from Rs 92 Crores in H1 FY26
• Adj. PAT increased by 30% to Rs 89 Crores in H1 FY27 from Rs 69 Crores in H1 FY26

Operational Performance

Despite operational challenges arising from floods at Silvassa and delays in the ramp-up of the liquid detergent facility, the company delivered adjusted PAT of Rs. 46 crore in Q2 FY27, up 22% YoY. The operational headwinds faced in H1 FY27 are now easing. The footwear business has returned to profitability, and we expect a ramp up in profitability from hereon.

Forward-Looking Statement

Given this momentum and with capacities ramping up and new projects coming on stream, the company is well positioned for a strong H2 FY27 and sustained earnings growth into FY28. The company expects Q4 FY27 to be the major contributor to the year’s profitability, driven by the ramp-up of newly commissioned capacities and sustained improvement in the footwear division.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Hindustan Foods Limited

Hindustan Foods Limited belongs to the Industrials › Conglomerates sector. Here’s a quick read on where the business and the stock stand today.

Hindustan posts a 2.2% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The business compounds revenue at 17.8% and profits at 28.0% CAGR. That is strong double-digit growth on both counts. The stock gives back 5.9% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 17.8% and profits at 28.0%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Hindustan Foods Limited.