Conglomerates
Thermax Limited (thermax): Conserving Resources, Preserving the Future Investor Presentation Q2 FY 2026-2027
Thermax Limited (THERMAX) Q2 FY26-27 investor presentation highlights resource conservation and future preservation.
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.
Conglomerates
Hindustan Foods Limited (hndfds) Delivers Resilient Q2 & H1 FY27; Reaffirms Full Year Guidance
Hindustan Foods Limited (HNDFDS) reports a strong Q2 & H1 FY27 performance; total income up 18%, EBITDA up 26%, PAT up 30%.
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.
Conglomerates
Tube Investments of India Limited Tiindia: Price Waterhouse Chartered Accountants TLP Review Report
Tube Investments of India Limited TIINDIA’s standalone financial results for Q2 FY27 reviewed by Price Waterhouse Chartered Accountants tLP.
Tube Investments of India Limited (TIINDIA) has released its standalone unaudited financial results for the quarter ended September 30, 2026, reviewed by Price Waterhouse Chartered Accountants LLP. The financial review, conducted in accordance with the Standard on Review Engagements (SRE) 2410, reveals comprehensive insights into the company’s performance for the quarter and the half-year period ending September 30, 2026.
Financial Performance Overview
The review highlights a robust performance with total revenue from operations amounting to ₹2,700.49 crore for the quarter, up from ₹2,383.61 crore in the same period last year. The company’s profit before exceptional items and tax stood at ₹253.15 crore, reflecting a significant increase from ₹212.74 crore in the previous quarter. The profit after tax (PAT) for the quarter was ₹188.16 crore, demonstrating a healthy growth trajectory.
Expenses and Earnings
Expenses for the quarter were ₹2,487.88 crore, showing a controlled cost management strategy. The basic earnings per share (EPS) were ₹19.36, indicating a strong return on equity for shareholders. The diluted earnings per share (Diluted EPS) also stood at ₹19.36, reaffirming the company’s financial health and stability.
As a result, TIINDIA continues to exhibit strong financial discipline and operational efficiency, positioning itself favorably in the manufacturing sector.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Tube Investments of India Limited
Tube Investments of India Limited belongs to the Industrials › Conglomerates sector. Here’s a quick read on where the business and the stock stand today.
Tube drops 23.9% over three months and trades near its 52-week lows. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. RSI stands at 30, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 10 for buyers, so the pressure has not fully lifted. Revenue grows at 15.5% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Tube Investments of India Limited.
Conglomerates
Cyient Limited (cyient) Showcases AI Data Center Power at Electronica 2026
Cyient Limited (CYIENT) unveils AI data center power, edge AI, and custom ASIC solutions at electronica 2026 event.
Cyient Limited (CYIENT) showcased its semiconductor portfolio at electronica 2026, highlighting AI data center power, edge AI, and custom ASIC solutions. The event took place from 10 to 13 November in Munich, Germany. Cyient Semiconductors, a global fabless semiconductor company, presented its comprehensive range of application-specific standard products (ASSPs) and custom ASIC solutions.
Power Management Solutions
Kinetic Technologies, a Cyient Semiconductors company, exhibited power management semiconductor products. This includes the KTS1642Q automotive load switch and USB-C protection solutions. These solutions support efficient and reliable power delivery for edge AI platforms and advanced SoCs.
Custom ASIC Solutions
Cyient Semiconductors’ custom ASIC solutions integrate high-precision analog, RF, and microcontroller functionality for medical, industrial, and defense applications. The company is developing 800V high-voltage power technologies for AI data centers, industrial automation, and e-mobility.
Future Roadmap
Suman Narayan, CEO of Cyient Semiconductors, emphasized the company’s roadmap to support customers from innovation through reliable production supply. The company aims to build a global semiconductor product company by combining differentiated power IP with turnkey custom silicon.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Cyient Limited
Cyient Limited belongs to the Industrials › Conglomerates sector. Here’s a quick read on where the business and the stock stand today.
Cyient gains 39.9% over three months and trades near its 52-week highs. Thin margins at 5.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue contracts at 6.5% CAGR. That signals structural headwinds, not a short-term blip. The stock trades at 94% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 39.9% in three months on 6.5% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Cyient Limited.
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