Stockrabit · Analysts
Questions across 69 calls

Amit Anwani

PL Capital

Triveni Turbine Limited

Triveni Turbine Limited CC-Sep24.pdf · 2024-11-12
Congratulations for the great set of numbers. And thanks for the opportunity. My first question is on U.S., and you have been talking about setting up workshop and investing in employees in U.S. I wanted to understand, was there any contribution and post the change in government in the U.S., are you seeing anything impacting our view with respect to expansion in U.S. for the after-service business? And I wanted to understand how much contribution from U.S. aftermarket business can come in the next couple of years, yes?
Yeah. So, my next question is on the strong growth, which we are witnessing in export. Just wanted t o understand if you would like to highlight any key geographies or markets where this growth is happening apart from U.S?
Triveni Turbine Limited CC-Mar24.pdf · 2024-05-17
Yeah. Congratulations for the good set. First question again on the enquiry pipeline, you did highlight the outlook for domestic and international. Any particular sectors where domestic is seeing delay in finali sation, any particular reasons there?
All right. My second question on the market, which you have highlighted in the presentation, where we are talking about 6 GW of ex-China, Japan market less than 100 MW and roughly about two-third is the renewable energy -based market. So just wanted to understand what is our addressable market. And since taking the point from the commentary that you're talking we're expanding new geographies and we have gained market share. So, first is, what is our addressable market? And will the addressable market in terms of GW is going to expand for you? That is my question.

Kalpataru Projects International Limited

Kalpataru Projects International Limited CC-Sep24.pdf · 2024-10-29
Sir, my first question is on the non-core assets, if you would like to update on for the quarter, Shree Shubham Logistics and Indore Real Estate. And third part is VEPL, how much was our investment? And what are the expectations on exit gains?
Sure, sir. And just to reconfirm, are we maintaining our guidance given during Q1 on revenue front because I can see H1 is about 5% revenue growth and H2 ask rate is quite high? So that is one. And second on PBT, last time we guided 4.5% to 5%. So are we maintaining this guidance for consol level?
Kalpataru Projects International Limited CC-Jun24.pdf · 2024-07-30
First question on margin, you did highlight PBT target margin of 4.5%, 5% and 8.5%, 9% on EBITDA. Just wanted to understand what busin ess segments are actually going to recover on the margin front? And you also did highlighted that the recent order wins on slightly higher margins. So if you could elaborate more on how the margin recovery is going to happen now sequentially?
Sure. Sir, and second thing on the international versus domestic, you did highlighted domestic to international between 55% to 35%. So segment-wise, just wanted to understand in international market, this segment will be going more aggressive? And second thing, how the - - so you did highlighted that we have been sele ctive in terms of taking orders. So how is our strategy in international markets with respect to order taking? And which segments you feel will contribute more to the international intake?
Kalpataru Projects International Limited CC-Mar24.pdf · 2024-05-09
Sir, I wanted to understand about the you did highlight it that the margin ramp up will start starting FY 26 by 50 to 70 basis points and obviously led by two, three sectors which you highlighted. So I just wanted to understand across segments and then international and domestic, how has the margin profile fared this year and what are the key segments where we are witnessing better margin orders in the near future and FY25?
Sure, sir. Sorry if I might have missed the current order which we won from Middle East. Just wanted to understand, though we are not in a position to give guidance for domestic markets, any guidance with respect to intake from the international market? And since we have guided for 20 %, can we and we see other players also guiding pretty robust international intake opportunity amid the capex happening in the GCC countries. Just wanted to understand your perspective with respect to international markets for the order intake. And also segment-wise, color would be helpful?

Cummins India Limited

Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2024-08-07
First question is on exports. If you could highlight on how the export is panning out the geographies, which we're kind of seeing slow down. What is the trend the re and the mix of the products?
And second is are we largely sticking to the guidance of 2x of GDP, top line growth, and any incremental thing you would like to highlight on the outlook on the growing sectors that would help?
Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2024-05-30
My question is on the export market, wanted more color since there's been decline from past 2 quarters, and we have been pessimistic on few markets. Just wanted to understand how the growth was for full year and what is the outlook on key export market for FY '25?
Secondly, wanted to understand since there has been pretty strong growth in the domestic market and from past 2, 3 quarters the outlook remains pretty strong. Wanted to understand any CAPEX requirement and what are the current utilization levels?
Cummins India Limited CC-Mar24.pdf · 2024-05-30
My question is on the export market, wanted more color since there's been decline from past 2 quarters, and we have been pessimistic on few markets. Just wanted to understand how the growth was for full year and what is the outlook on key export market for FY '25?
Secondly, wanted to understand since there has been pretty strong growth in the domestic market and from past 2, 3 quarters the outlook remains pretty strong. Wanted to understand any CAPEX requirement and what are the current utilization levels?

Thermax Limited

Thermax Limited CC-Jun24.pdf · 2024-08-02
My question is again on the power pipeline , which you highlighted that there could be split orders in the boiler we might be bidding for. I just wanted to understand in more detail. Is that understanding correct, that we will not be looking directly at all, and this will be all end of product orders? And since we have seen in the past related to FGD, when four years back we were reluctant to take FGD because of payment terms, we took FGD orders and there was a hit which we booked, and the power sector again would be -- the receivables largely would be maybe the government sector and stuff like that, so how are we going to manage the risk? And in the next 24 months , as you highlighted the pipeline for the next five years, just understanding -- in the next 24 months, any expectation on this kind of split orders because we saw BHEL winning the whole packages throughout past 15, 18 months. So some understanding on this aspect?
Sure, sir. And second, on Green Solutions, if you could share the update on FEPL, TOESL with respect to debt and equity and how much.

GE Vernova T&D India Limited

GE Vernova T&D India Limited CC-Jun24.pdf · 2024-07-31
Congratulations for the good set of numbers. First q uestion, I would like to understand the breakup of product versus projects this quarter and the base quarter? And any sort of -- you did highlight a couple of things in terms of focus on operational efficiency and cost control. Wanted to understand any internal targets because of this savings, which can add to EBITDA margin?
Yes. So second thing, sir, you did highlighted that there's a lot of focus on operational efficiency within the firm and there's focus also on the tighter cost control. Just wanted to understand, any target because of the operational efficiency, which we are aiming, which can add a percentage to EBITDA only because of efficiencies.

Carborundum Universal Limited

Carborundum Universal Limited CC-Jun24.pdf · 2024-07-31
First question is on VAW. So, you did highlight that kind of flattish volumes we are expecting. Just wanted to understand, I think we were talking about debottlenecking, and I recollect the utilizations were also (+85%). I just wanted to understand is there any scope for debottlenecking, what is the capacity utilisations? And is there any constraint now with respect to volumes in the coming quarters and years from VAW?
Second, sir, wanted to have an update on the Chinese dumping impact . You did allude in the previous quarters also , in abrasives, I think we were facing issues with respect to the retail abrasive and there was a strategy that we would like to enhance the distribution channel. And there was some competition from the other paint companies . So, just wanted to have an understanding how the quarter was in abrasives with respect to the Chinese competition and local competition and also Electrominerals on alumina where we were facing the realization issues. So, if you could elaborate on these points.

Apar Industries Limited

Apar Industries Limited CC-Jun24.pdf · 2024-07-30
Congratulations for the good set. First question on the volumes. So, you did highlight it on the export front the contribution this time was about 30% and last year and from recent past, the contribution was, especially in conductor used to be 40% to 50%. So, underlying the challenges which you highlighted now, what are the volume expectations? And second thing, I wanted to understand on the regulatory delays, which you have highlighted, if you could elaborate more? Is it because of the elections or any other factor which is there in exports, U.S. exports?
Right, so are we expecting that the contribution will again come back to a higher level of 40% from exports?
Apar Industries Limited CC-Mar24.pdf · 2024-05-14
Congratulations for good set of numbers. My first question...
Just one question on the exports. You did highlight that the U.S. market and the domestic market, how the growth has been -- just wanted to understand ex of U.S., ex of domestic, how has been the outlook for the other markets? And I recollect a few months back, we used to highlight that there's a lot of traction also for the premium products in the few geographies, including Australia. So just wanted to understand the sense for both Cables and Conductors, ex of U.S. and domestic.

KEC International Limited

KEC International Limited CC-Mar24.pdf · 2024-05-08
My first question is on th e railway business. So railway y ou did highlighted that this year also there would be de -growth. We have seen railway business for you growing from almost INR300 crores, INR400 crores to INR4,000 crores between '17 to FY '22. Directionally, I wanted to understand since there's a de-growth for FY '25 and you did highlight it that there's a working capital which is an issue from almost 2 years and the margins are quite low, so what -- directionally, what is the strategy for us over the next 2 years, 3 years in railway? And second thing. I wanted to understand from you on the conventional railway versus nonconventional railway. Is there -- will there be more focus on the nonconventional railway projects going forwards within railway? So some sense on it would help yes?
Sure. Sir, next, on the Civil business, again the similar things. So you got to almost INR6,000 crores intake FY '22, FY '23. And this year, we are at INR4,000 crores in Civil despite your commentary on Civil was pretty strong with respect to the prospects on building factories and the civil work on metro side. So just wanted to understand. Is this the area which you just highlighted that -- deliberately going slow because of the pace of execution or payments? Or anything you would like to highlight on going slow and civil as well?

Engineers India Limited

Engineers India Limited CC-Mar24.pdf · 2024-05-30
Hi, sir. Good morning. Thanks for the presentation. Sir, first question, we did guide -- used to guide about INR4,500 crores to INR5,000 crores intake and we saw roughly about INR3,400 crores and that too in consultancy, I can see INR500 crores coming from overseas market this year. So just wanted to understand, was there any major slippage in order and also would like to understand what are the key orders in consultancy side and turnkey side which we are now considering as a pipeline for FY'25, and if you could highlight the value also?
Right. So apart from this INR1,800 crores you said YTD we already did , so can we expect INR3,000 to INR4,000 more in the remaining nine months?

Techno Electric & Engineering Company Limited

Techno Electric & Engineering Company Limited CC-Mar24.pdf · 2024-05-29
My question, again, on the, sir, RailTel opportunity, which you highlighted about INR 1,000 crores. Is it fair to assume that we are factoring in some 20-25-megawatt collectively that is one? And second, concession, you mean to say the first 5 year will be building this data centers and next 20 years, 25 years, we'll be maintaining this data center. So this will be on our balance sheet or how the model is going to work? And third thing is how will be the funding for this INR1,000 crores capex, which you have highlighted for the edge data centers, yes?
So will it be kind of 70-30 funding typically which happens for any project?

TITAGARH RAIL SYSTEMS LIMITED