Capex of ₹250 crore for FY27
Planned capex includes ₹150 crore regular and ₹100 crore for capacity expansions in boiler and cooling facilities.
THERMAX / guidance tracker
Keep management guidance in view.
Thermax · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
capex
Revenue growth supported by 27% higher order book
Management expects better revenue execution in FY27 given the strong order backlog, though caution on execution delays and Middle East risks.
Margin improvement in industrial products expected
Mix shift towards biomass boilers and better export opportunities should aid margins, subject to commodity cost management.