Stockrabit · Analysts
Questions across 44 calls

Bhoomika Nair

DAM Capital

Blue Star Limited

Blue Star Limited CC-Sep24.pdf · 2024-11-07
Sir, you mentioned about the water cooler aspect of the new government BIS terms kind of impacting the quarter. Is it possible to get some idea of how much of a decline we saw and when do we see things stabilizing out here in terms of growth coming back? And question #2 is on the projects business. So, we've seen a very strong growth profile, margin improvement, etc., You did mention about data centers being one of the segments, which is also helping in terms of the segment performance. Since it's something new that we're doing over the last couple of years, if you can talk about what exactly we do there and what percentage of the data center CAPEX do we cater to so that we can try to understand how large this business can become for us over the period of years?
So, things will normalize into the next quarter, which is Q3 onwards it will reflect the -?
Blue Star Limited CC-Mar24.pdf · 2024-05-03
We've seen a very strong quarter with 35% growth a nd for the year we've seen a 27% growth for the UCPL segment. Here, how would have the RAC segm ent grown and the commercial refrigeration business would have grown, can you please split that for us?
As you mentioned that we're seeing a very strong s ummer and a very strong demand, what is your estimate that the industry will see a growth i n Q1 FY25 and potentially in the year as a whole? And secondly, with the recent increase in ra w material prices, have we taken any price hikes either in Q4 or in Q1 so far?

KEC International Limited

KEC International Limited CC-Sep24.pdf · 2024-11-05
Sir, the first question is in terms of the margins that you spoke about, the second half seeing an improvement to about 9%, 10%. So what is driving this improvement? And do we see this trend of from 7.5% for the full year, that next year, we should be at a round 10% kind of a margin profile?
Okay. So the other part was on civil, if you see the order intake for the last year, while execution you elaborated the labor shortage, et c, but if I look at the order intake has also kind of been muted for the last couple of quarters. Sir, anything to read into it, what is the kind of order intake that we're looking at for the full year? How do you see this business evolving? Currently, we obviously have a very strong order book, so it's not really a challenge, but more from a future perspective, if you can talk about what kind of growth are we l ooking at intake, execution, etc?
KEC International Limited CC-Mar25.pdf · 2024-07-29
Sir, just continuing on the cables side if you can just elaborate on where our margin profile is now. When you've seen this revenue growth to be fairly robust over the next 2 years, how are you seeing the cable margins actually moving?
Sure. So the other thing was this quarter the revenue growth has been relatively muted because of the elections and related issues. And 2Q being a very strong monsoon aspect, do you think there is a risk to our annual guidance of a 15% kind of a revenue growth? And if not, I mean -- and you're seeing a very sharp pickup in the second half particularly the fourth quarter. You think given the time line of executions of our order book this should be achievable?
KEC International Limited CC-Jun24.pdf · 2024-07-29
Sir, just continuing on the cables side if you can just elaborate on where our margin profile is now. When you've seen this revenue growth to be fairly robust over the next 2 years, how are you seeing the cable margins actually moving?
Sure. So the other thing was this quarter the revenue growth has been relatively muted because of the elections and related issues. And 2Q being a very strong monsoon aspect, do you think there is a risk to our annual guidance of a 15% kind of a revenue growth? And if not, I mean -- and you're seeing a very sharp pickup in the second half particularly the fourth quarter. You think given the time line of executions of our order book this should be achievable?

AIA Engineering Limited

AIA Engineering Limited CC-Sep24.pdf · 2024-10-30
Yes. Hi, Sanjay bhai. Hi, Kunal. Nice. You know, I heard your commentary on the volume kind of a challenge that we are seeing in this year. So, I just want to understand this, that you know, is it that the conversions are taking longer? We had added actually the mining liner facility as well. You know, so how is, at least that should have seen some growth. And if you can also comment how the U.S. market is panning out, whether volumes are steady there or have they fallen post the ongoing litigation out there. If you can just give some color where exactly are you seeing, are you seeing this drop in any specific or kind of a thing which is more platinum, iron ore or something like that, then that can help us understand a little more? Because if I look at it, if you're looking at something like 260,000, 270,000 kind of volumes for the full year, then almost for over a four -year period, we've not really seen growth. While I understand it's too early to give guidance for next year then logically the next year, should we come back to that 320, 330 kind of a number, which is still just bare ly a 20, 30,000 kind of incremental volumes over 24? Or do you find that that would be a big challenge as of today to even provide that kind of visibility?
Volumes there in the US market are intact and they have not seen any kind of a decline. Would that understanding be correct?
AIA Engineering Limited CC-Mar24.pdf · 2024-05-14
Kunal bhai, Sanjay bhai, I understand that t his year has been a little tough in terms of the conversion and it has been a little slower in terms of what we had expect , but if I look at over the last 5 years right from 2019 in mining, we were about 170,000 and this year we have closed around 204,000 roughly. This gives an average CAGR of 4%. Now, while annual conversions, etc., there could be taking a longer conversion aspect , but the pace of conversion and the pace of volume growth has been relatively a bit slower . On an absolute basis , it has been about 30,000 odd kind of an incremental volume over the span of 5 years. So, just trying to understand what is driving this slower conversion and as we move ahead, at some point I think we were looking at some 30,000 incremental volumes on an annual basis. You think that is something that is really doable , w hat are the challenges and what can really drive that conversion at a faster pace?
So, in a sense what you are trying to say that 30,000 incremental volume should be doable, all things being satisfiable in the next couple of years?

Dixon Technologies (India) Limited

Amber Enterprises India Limited

Amber Enterprises India Limited CC-Sep24.pdf · 2024-10-23
Congratulations, sir, on a good set of numbers. My first question is related to the Electronics ex Ascent business. If I see that seen a very strong growth, both on Y -o-Y and also on Q -o-Q basis. So, what's really -- what segments are within this is really driving the growth? What new customers have you added, etcetera? If you can just kind of throw some color would be useful.
Sure. Sir, on Ascent, what is our current utilization till the new capacity comes in? And will that help grow? And secondly, in terms of Sidwal margins, I understand it has slipped because of the weaker revenue growth. Once the growth really comes back, do we see margins going back to the 20-odd percent that we used to see? Or is this going to be the new level of growth? So yes, so just on Ascent utilization and Sidwal margins.
Amber Enterprises India Limited CC-Jun24.pdf · 2024-07-27
Congratulations on a good set of numbers. So my first question is related to the Electronics segment. If you can talk about in terms of what has been the contribution by Ascent in both the revenues and the EBITDA line number? And there has also been the shift of the hearable and wearable JV to a JV. So what was that lower revenue? Or what revenue kind of got shifted out to the JV. So we just get a like-to-like number.
Understood. And sir, any revenues have moved to the JV versus last year first quarter?

CG Power and Industrial Solutions Limited

CG Power and Industrial Solutions Limited CC-Sep24.pdf · 2024-10-21
Sir, I just want to understand a little better on the Renesas acquisition that we did. What is the rationale? What kind of growth path do we look at? And what are the kin d of margins, etcetera and how does it fit into an entire semiconductor strategy with the upcoming OSAT? And what is the status on OSAT? So one, Renesas, second OSAT. And lastly, if I may just squeeze in on the QIP that you've announced, about INR3,500 crores. Given that we have INR1,500 crores, what is really driving this QIP or what areas of capex are we really looking at? So if you can just highlight these three points, sir.

Engineers India Limited

Engineers India Limited CC-Jun24.pdf · 2024-08-12
Yes. Sir, if you can talk about the order prospects as the one moves ahead. What are the kind of, while we've gotten the BPCL order, but for the balance part of the year, what are the kinds of orders that are there? We were looking at some international orders from Nigeria, et cetera. So if you can just talk about both the domestic pipeline in terms of ordering activity and where you're seeing orders?
No worries, sir. Sir, the question was revolving around the order pipeline after a very healthy first half or kind of orders that we've seen right now till date, what is the outlook in terms of ordering activity, what more PETCHEM orders can possibly come through because there are a lot of petrochemical orders in pipeline? And also, I understand we were looking at some international orders from Nigeria, et cetera, what is the status out there? What is the activity out there? If you can just brief us about the pipeline.

Syrma SGS Technology Limited

Syrma SGS Technology Limited CC-Jun24.pdf · 2024-08-06
Yes. So, the first question is on the JDHL performance for the quarter. If we can get, what was the revenues and the EBITDA PAT for that entity?
Okay, got it. The second aspect is we spoke about, scale-up in terms of the auto as also exports and scale-down relatively versus first quarter on the consumer segment, a nd thereby margins actually improving to about 7%, 7.5% or closer to 8% for the balanced nine months. Now, in the first quarter, we've seen a strong reduction in terms of the net working capital days to 60 days. Given that there will be scale-up in these segments of auto and exports, do we expect that, you know, net working capital days will actually come back to 70, 80 days as we saw at the end of FY ‘24?

Carborundum Universal Limited

Carborundum Universal Limited CC-Jun24.pdf · 2024-07-31
Sir, you highlighted new areas such as HPSIC, defense and aerospace, SOFC, electronics ceramics, etc. While I understand we might not be able to outline the revenue guidance kind of a number, but can you talk a little bit about what is the addressable TAM out here, how this market is growing and who are the playe rs that are there? What is the competition like as such in this market? So, if you can just talk a little more in terms of the TAM, which will help us to kind of at least understand where we could possibly grow to.
No, sir, I was basically trying to understand the market size and how large is this and what is it growing at over more like a two -three-year time frame. When we scale up, how large can this possibly get from that perspective?
Carborundum Universal Limited CC-Mar24.pdf · 2024-05-06
Yes. Sir, on the EMD segment now. On a standalone basis, we are broadly around 20%, 25% is a specialty EMD. How do you see that changing over the next 3, 4 years as this high -purity silicon facility is commissioned?
Understood. So sir, when this shift happens where you will probably, as you said, sometime move towards 25% kind of specialty business. How is the margin profile shift? Will it remain around this 9%, 10% kind of a range? Or do you think it will settle more towards 14%, 15% per se?

Kaynes Technology India Limited

Kaynes Technology India Limited CC-Jun24.pdf · 2024-07-27
Yes, good morning, sir, and congratulations for a good set of numbe rs. So just wanted to first understand this, 55% acquisition in Austria. If you can just talk about, what is it exactly? What are the revenues? What is the investment for this thing? If you can just elaborate a little bit about that.
Sure. So the other thing is, you know, we saw a very strong uptic k in terms of the order intake, and you said that there was decent orders that came in from outer spac e, strategic medical customers, etc. Can we get some more light? I mean, you know, is this like a multi-year contract? How large are the orders from some more details on this will really help us understand how things are moving a nd whether this kind of order intake that we've seen in the current quarter can continue as well going ahead. So some colour on this, what is the execution timeline, etc.

Havells India Limited

Havells India Limited CC-Mar24.pdf · 2024-04-30
Sir, and congratulations on a good set of numbers. Sir, on Lloyd, we've seen a very decent expansion and a turnaround at the EBIT level. With gross margins now at 12.5%, is there a possible scope of further expansion given that we will likely grow in line o r slightly ahead of industry?
Sure, sir. Also another question was that you spoke about washing machine, TVs, et cetera, also gaining importance is also refrigerators. Has there been a mix as a year as a whole between AC and the rest of the segments, like AC used to be about 70%, 75%. Has there been any change in that mix in FY '24 as a year.

Container Corporation of India Limited

Container Corporation of India Limited CC-Mar24.pdf · 2024-05-17
Thank you for the opportunity. Just wanted to understand in terms of the guidance that we've given for EXIM at about 15% for FY '25. Is that on the handling volumes or the originating volume, sir?
Okay. The reason I am asking is if I look at the originating volume trajectory over the last 5, 7 years, you have not seen upwards of a 10%, 12% kind of a growth. So, what is giving us this confidence of this higher growth. Is there some shift of road to rail that you're counting on increased market share because the industry will unlikely grow beyond 7%, 8% from a port volume perspective. So, if you can just give your thought on why we are looking at a better growth.