Stockrabit · Analysts
Questions across 16 calls

Ashish Kejriwal

Nuvama Wealth Management

Shyam Metalics and Energy Limited

Shyam Metalics and Energy Limited CC-May26.pdf · 2026-05-12
Sir, many congratulations again for a good set of numbers and delighted to hear about your midterm growth plans.
Yes sir, so far it's going good. Sir, I have 2 questions. In fact, if I look at our inventory as well as payable days, that has increased significantly in this quarter or maybe in this year. So is there any change in the strategy? I understand that maybe we may have booked some higher iron ore or coal in order to take advantage of lower prices earlier, which could have increased our inventory days. Is it so? And what about the payable days, why it has increased? So any change in the business strategy on that front? That's my first question.

Hindalco Industries Limited

Hindalco Industries Limited CC-Feb26.pdf · 2026-02-12
Sir, three questions for me. One, is it possible to explain the net debt bridge? Because we saw that net debt has increased by almost INR 18,000 crore on a quarter-on-quarter basis. So, we understand that $0.4 billion was on Novelis, and then $750 million we have paid to Novelis. So, roughly around $1.2 billion we can understand. But what about $0.8 billion extra? So, first question is on reconciliation of net debt bridge, please.
Sir, is it possible to share around quarter-on-quarter, from 2nd Quarter to 3rd Quarter?

Vedanta Limited

Vedanta Limited CC-Mar25.pdf · 2025-04-30
Yes. Hi. Good evening, everyone. Thanks for the opportunity . And many congratulations for a good set of numbers on this. Sir, I have a couple of questions, to start with, alumina. So, we have been consistently getting somewhat delayed in our ramp -up of alumina plant , though we have capacity of 3.5 million tons but we were running at 2 million tons. So my question was, the guidance which we have given for 3 - 3.1 million tons for FY '26, is this based on Sijimali Mine coming in? Or without that also can we do that? And when can we see this run rate? That's my first question.
Thank you, sir. But again, we have been definitely talking about that we have the capability to produce. But because of one of the other reasons, we are not able to produce in last one half. So out of 3.5 million tons, we still are running at 2 million tons run rate. So I do not know if our Sijimali Mine does not come in, from where we can source bauxite and run the plant at 3 million ton run rate. So when can we see this run rate, sir?
Vedanta Limited CC-Jun24.pdf · 2024-08-06
Hi, good evening everyone thanks for the opportunity and many congratulations on the superb result. Sir I have two, three questions. One over the last one quarter we have seen different measures taken by the company and at the Vedanta Limited level as well as Vedanta Resources level to improve the liquidity and which we have successfully done. Now my question is whether we are still looking to improve liquidity besides cash flows or any other major besides cash flows or we are done away with that? And with that, how much our... Vice-chairman: Ashish that’s your question number 1 what is your other question?
Yes. So with that obviously how much weighted average cost of debt we think should come down from the current l evel of something like 10 plus. That's one. Second was because we have already filed with NCLT regarding this demerger. So are we seeing any bottlenecks from the regulatory side or is there any possibility that we can go back from this now or it will be definitely be a done deal? That's my second thing. And third was, is it possible to share what would be the global aluminium cost curve for us so that we can get a sense on where we are in aluminium prices? Vice-chairman: Thanks, Ashish. So we'll answer your question first on the NCLT demerger. In our mind, having been filed with NCLT which is the last process in a way we think that this is for us a final step. But Ajay Agarwal if you're on, do you want to respond in any other way to Ashish?
Vedanta Limited CC-Sep23.pdf · 2023-11-04
Yes. Good evening, everyone. Thanks for the opportunity. Sir, I have three questions. One is you mentioned about the captive coal. Definitely, we know that this is not under our control. But is it possible to share where are we in that stage? Whether we have received Stage 1 or Stage 2 forest clearance and environmental clearance? Because this is a sequence which we normally follow for its clearance -- environmental clearance and mining lease and then only we can open the mine. So if it's possible, that will be great. And if we are very confident about the second quarter FY '25, it will be great if you can guide us what kind of captive coal we can do in FY '25? That's my first question.
So sir, do you want to give any guidance of volume guidance for FY '25 from these mines? And in Jamkhani also, when we are operating at double the capacity, have we received the EC on that? Or it will be just on a monthly basis, we have the capacity?

JINDAL STEEL LIMITED

JINDAL STEEL LIMITED CC-Dec24.pdf · 2025-01-30
Sir, quickly two questions. One on the results. We mentioned that we have seen 1% increase in realization as well as we have a benefit of lower coking coal cost also, whereas iron ore price has increased just by INR 96 or INR 100 per tonne. Then why our EBITDA per tonne is still lower quarter-on-quarter?
But sir, will that be meaningful? or if you can say what the overall iron ore consumption cost increase that will include your Tensa mines also in that?

Hindustan Zinc Limited

Hindustan Zinc Limited CC-Jun24.pdf · 2024-08-02
Sir again, the same question which Amit asked about Supreme Court judgment. What you are trying to say that because Supreme Court has always said that royalty is not a tax. So, there is no question on that reverting back. Only thing is whether it's prospective or retrospective. So, you mean to say that even if it is retrospective, then also we have certain grounds to get negotiation with Rajasthan government and we don't need to pay that amount?
Suppose in the worst case Rs. 150 per ton of ore produced, whatever we have produced that could be there in case if it's in the worst case which I'm trying to look at?

Jindal Stainless Limited

Jindal Stainless Limited CC-Sep24.pdf · 2024-10-18
Sir, two quick questions, one, though export market we have witnessed weakness in demand and all, but if you look at even in the domestic market, we have delivered around 11% Y-o-Y growth in the first half which is very much lower than 20% what we had expected earlier. So, is it mainly because the overall demand is relatively weaker than what we expected or there are certain segments which we don't want to go because that will hurt our margins again, that is my first question?
But was this the expectation in the beginning of the year also?
Jindal Stainless Limited CC-Sep23.pdf · 2023-10-20
Sir, two questions from my side. One, if I look at the cash, we see that there was some Rs. 1,300 crores which was payment against noncurrent investment, I understand that this could be because of Indonesia project as well as what we paid to JUSL, but it is possible to break it down because JUSL, I think we need to pay around Rs. 960 crores and Rs. 600 crores we have p aid for Indonesia project. So, it should be something Rs. 1,550 crores versus cash flows are just Rs. 1,300 crores so is there any other line item where we have put this Rs. 250 crores or where it is?
So, is it safe to assume that Rs. 250 crores is yet to be paid in one of that cash flow needs to be delivered later on?

Coal India Limited

Coal India Limited CC-Dec23.pdf · 2024-02-19
Many congratulations for the work, which we have been doing for the last few years. Sir, 3 questions from my side. One is, obviously, employee cost we had guided earlier at -- we end up with around INR46,000 crores. So are we still maintenance the guidance? Or is there any change for this year? And if you can get a sense -- give us a sense on next year, what could be the global employee cost depending on the situation that now 4% to 5% employees are retiring every year. That's my first question, sir.
Okay. So it's fair to assume that FY '25 employee cost would be equal to FY '24 or less?
Coal India Limited CC-Sep23.pdf · 2023-11-21
Yes, hi. Good evening, everyone. Thanks for organising this call. That’s really appreciated. Sir, a few questions from my side. You have mentioned about volume target, which is someth ing like 12% Y-o-Y growth. So you are talking about, first of all, it's on a production target or offtake target? Because YTD, we have seen offtake increasing by just 9.5%. So and now the base will also increase from November onwards. So it is just some of the increase also seems to be difficult. Then what could be our realistic volume target for this year? That's my first question.
Sir, reason being why I'm saying so because on an average also, on a month, we can do 60, 65 million tons maybe in a month. And if I do that calculation, our growth rate because of the high base of last year, it should come down by -- come down to 5% to 6% rather than 10% or 12%, which is required at least. So that's why -- what could be the probable or a realistic target, which we can achieve by looking at the monthly run rate which we have achieved so far?

NMDC Limited

NMDC Limited CC-Sep23.pdf · 2023-11-17
Good afternoon everyone. Thanks for the opportunity. Sir two questions from my side? One if I am looking at realization for this quarter we observed that that realization has been somewhat subdued more subdued? Y-o-Y basis lump prices have declined by 2% while fines prices have increased by 11% so my question was is there any adverse product mix this quarter within lumps and fines or is there anything else which are missing in terms of realization?
Sure so that means that if I am looking at OMC's recent auction as well as global prices and keeping in fine that domestic steel or sponge iron prices are almost flattish type then there is a room for further price increase if the demand is good in at least in fines if not in lumps is that understanding right?

JSW Steel Limited

JSW Steel Limited CC-Sep23.pdf · 2023-10-20
I have three questions. One is the kind of price hikes which we have taken and the kind of outlook which we have for coking coal price and iron ore, is it possible to see it or give a sense that these prices are sufficient to offset their higher coking coal and iron ore prices, especially in third quarter when we have some high volume also?
Yes, that's what I was asking s ir means is it enough to offset or we need to take further price increase to offset completely?