Stockrabit · Analysts
Questions across 43 calls

Achal Lohade

Nuvama Institutional Equities

Voltas Limited

Voltas Limited CC-Mar25.pdf · 2025-05-08
Sir, just wanted to understand in terms of the market volume for the year FY 2025. And given what we have seen in the month of April, assuming that we see a normalcy from, let's say, second half May onwards, how do you see the market growth, especially when we are hearing that South is seeing a decline of 25%, 30% Y-o-Y. So if you could give some sense on the volume for FY 2025 for the industry and the outlook in terms of the growth, especially taking into account the April month?
So that expectation of 15%, 20% or 20%, 25% industry growth still remain? Or is there a dent to that, sir?

Blue Star Limited

Blue Star Limited CC-Mar25.pdf · 2025-05-08
Yes. Good afternoon, sir. Thank you for the opportunity. Sorry, if I am harping on the same question. Sir, I wanted to just quickly get your sense in terms of the April, May, and June, what would be the mix in terms of the primary sales for the industry? Would that be like 40-40, 20-20 or any proportion if you could highlight, just a mix?
Yes, primary sales perspective, how large will be April, May, and June individually, if you would have any proportion?

Polycab India Limited

Polycab India Limited CC-Mar25.pdf · 2025-05-07
Good morning, team. Thank you for the opportunity. Congratulations for great set of earnings. Just to expand on the previous question, if you could also give in the similar fashion for FY25 and if you could remind us for FY24? I am just trying to see what has been the volume growth trend for the last couple of years overall in the domestic market and also between cables and wires?
And would you have, Chirayu, for FY24 also the volume growth for cables, wires and overall in the domestic business?
Polycab India Limited CC-Dec24.pdf · 2025-01-23
Just a qualitative reading. If you read last quarter, you said the demand is robust. This quarter, we have said demand is healthy. Are you seeing any sign of weakness in any of the segments/ demand centers according to you, or where exceptionally high growth in any particular segment which is kind of slowing down?
Understood. The second question I had is on the capacity addition by several players in the industry in cables and wires. If you could throw some light in terms of your understanding about what kind of capex you're seeing industry -wide? And do you see a risk of overcapacity or just capacity being matching with the demand over the next 3, 4 years?

KEI Industries Limited

KEI Industries Limited CC-Mar25.pdf · 2025-05-07
Sir, just a couple of questions, first on the wires, in the entire conversation we have not really touched upon that part. It's growing very, very well compared to the peers who are struggling with the growth. So you want to elaborate a little bit what are we do ing here in terms of the distribution expansion, in terms of the growth there any particular region which is driving growth and the outlook?
Okay. And if you could also highlight, in terms of the channel financing where are we, how much of our sale we are able to of the dealer, distributor our channel financed, and how do you see that trajectory moving?
KEI Industries Limited CC-Dec24.pdf · 2025-01-22
Sir, just a couple of questions. One, if you could talk about, since we are on the topic of margins, just a broad sense what typically are the margins for exports in terms of cables when it goes through the distribution ch annel, what margin if it goes through institutional. Just a ballpark range or stacking of the margin. Which is the highest margin, and which is the lowest margin? If you could give some order, that will be very helpful.
Fair point, sir. And I presume, when you're talking about the export, retail LT, HT margins, etcetera, these are excluding the other income. Is my understanding right?

JSW Infrastructure Limited

JSW Infrastructure Limited CC-Dec24.pdf · 2025-01-28
Sir, first, on the volume part, if you could help us understand how do you see the volumes going out given our twin ports Jaigarh and Dharamtar combined have been seeing a muted growth, given the JSW steel capacity utilization? How do you see that evolving in 4Q as well as FY '26 and maybe over the next couple of years? And then I'll ask a follow-up question.
Understood. The second question I had, if you could highlight excellent scale-up on Fujairah, 2 million tonnes for the quarter. Is that a new run rate we should work with? And how are the margins? If you could give some sense on -- in terms of the EBITDA for Fujairah from annual run rate perspective?

Havells India Limited

Havells India Limited CC-Mar25.pdf · 2025-04-22
Congratulations for the great set of earnings. Two questions. First, on the operating leverage. We have seen that we've made significant investment in terms of the human resource. We have seen that the past four quarters, the run rate for the employee cost has been very much stable. So my question is, overall, if we were to look at, say, a 10% -11% kind of a growth in Havells ex - Lloyd, do you see operating leverage kicking in? Or you think we will have probably stable margin ex-Lloyd?
Right. Second, with respect to particularly cables, I wanted to check, given the capacity addition by us and the peers, so there are two parts to this question. One is in terms of demand, the inquiries, etcetera, how things are? Are things improving or stagnant or slowing down in terms of inquiries, order booking, etcetera? And B, on the pricing front, do you see any stress in the cable pricing?
Havells India Limited CC-Sep24.pdf · 2024-10-17
Yes. Sir, my first quest ion is within ECD, is it possible to get some color in terms of fans' growth? Would it be similar to what the segment growth or higher or lower?
The second question I had, if I look at the employee cost, it's up about 20% -25% for the first half. And it has been seeing that kind of growth increase actually for the last couple of years. Is it fair to say that, that is a new normal, like in terms of penetrating deeper the investment in terms of number of employees, the seniority, et cetera, will keep these costs going up at the same pace? Or you think it can quickly get normalized?

PG Electroplast Limited

PG Electroplast Limited CC-Dec24.pdf · 2025-02-07
Congratulations for fantastic earnings. Sir, a couple of questions. First, o f the AC growth, if you could, is it possible to get a sense of how much is driven by the new client addition? And how much is on account of the wallet share gain with the existing clients? Any ballpark sense on that on a 9-month basis?
And in terms of the electronics business, if you could give more sense of where are we, and what our plans are over the next 3, 4, 5 years? What kind of adjacencies we can look at in this particular sub-segment?

R R Kabel Limited

R R Kabel Limited CC-Sep24.pdf · 2024-10-25
Two questions. First is with respect to competition. Now as we have seen in case of margin impact as well, has that continued in the month of October? Is this one-off? Is this a new normal according to you? In terms of the pricing, how do we stack up against the peers in terms of pricing our product -- are we at par, are we at premium compared to the market data? That's my first question.
I missed that guidance. So, you said you are looking for a 15% volume growth for the second half. And what margin guidance you have given sir?

Amber Enterprises India Limited

Amber Enterprises India Limited CC-Dec24.pdf · 2025-01-24
Congratulations for great earnings. Sir, if you could give a sense, I know it's kind of a repeated question, but for nine-months what would have been the industry growth in your estimate? I mean, you have said about 25% growth for the full year, does that mean that fourth quarter the underlying assumption is actually a lower number?
Understood. And the second question sir, with respect to the Electronics guidance, when you mention 45%, it implies actually a very small number for the fourth quarter for the Electronics revenue. So, I just wanted to understand what number could it be. I mean, is it a very, very conservative number or is this a realistic number we should work with?
Amber Enterprises India Limited CC-Sep24.pdf · 2024-10-23
Sir 2 questions. One, this is pertaining to the Consumer Durables business. While you've talked about overall growth for the full year of the company, it implies only 5% for the second half. Obviously, you are being conservative here. But I'm just trying to figure out if this is 5%, the swing in terms of a reduction, so to say, in terms of growth rate, would that be more Durables or Electronics as well?
Understood. And the second question I had with respect to margins. Can you help us , we have seen a substantial improvement in 2Q in the Durables business as well as Electronics. Durables, I obviously understand to do with the utilization. How do you see if current momentum to sustain theoretically, could this margin be significantly better in the second half?

Dixon Technologies (India) Limited

Finolex Cables Limited