Stockrabit · Analysts
Questions across 6 calls

Dhaval Shah

Girik Capital

Ramkrishna Forgings Limited

Ramkrishna Forgings Limited CC-Jun25.pdf · 2025-08-01
Thank you for the opportunity. So, a couple of questions from my side. So first is on the P&L, what will be the impact of the inventory correction which have been taken. So, the EBITDA margin is 14.6%. So, if you can help me understand, if I adjust for that inventory problem, what will be the EBITDA margin? And related to that, the warrant money will be coming from the promoter side. So, has any part of it come in the Company? And any timeline, if you can help with and along with the current debt position of the Company.
Yes. So, I'll just repeat. So, this sharp drop in EBITDA margin year -over-year, so how should we read this margin? So, is it because of a big operating deleverage because of only a 1% overall top line growth versus we were ready with all our capacities as of last year and FY '26 was the year of growth for us and now given the lack of demand, the volumes wouldn't have happened? So how should we see this margin trajectory going forward? And also, this 14.6% margin, can you just help me understand the reason for such a drop?
Ramkrishna Forgings Limited CC-Mar24.pdf · 2024-05-02
Hello Sir, what is the current gross asset turnover and how do you see that changing over the next couple of years as our product mix changing within auto and also other segments hinging up, cold forging scaling up plus oil and gas also coming in . So overall, there is -- as we move more towards a better value-added product over the next three year period, how do you see this gross asset turn changing for the Company? And what is it currently?
Three years, sir. I said three years. Three years.
Ramkrishna Forgings Limited CC-Mar25.pdf ·
So very happy with your messages, the way you've articulated everything. It's given a very strong message across. Sir, a couple of questions on the balance sheet. So, you mentioned about the non -recognition of Rs. 170 Crores of revenue. So, does it lead to the similar impact on the inventory and higher receivables and plus the borrowings? Is my understanding correct?
Okay. On the EBITDA margin front, I mean, sir said about stronger margin. But would you like to share anything in terms of the numbers? I mean, the earlier guidance which were given regarding 0.5% to 1% increase every year. So, do we hold by that guidance? And when we look at utilizing the full capacity, are we still aiming at around 24%, 25% EBITDA margin by FY '28?

Usha Martin Limited

Usha Martin Limited CC-Dec24.pdf · 2025-01-30
If you compare this conversation to the last quarter’s concall, we are now seeing some bearishness in both the European and Indian markets. The Indian market’s slowdown can be understood due to the lack of spending and CAPEX activity in the country, which directly impacts our volumes, as our Company is a beneficiary of that. But in Europe, could you explain in detail where are you seeing the slowdown? If I understand correctly, our key markets in Europe would include applications in fishing, rigs and wind installations. Which of these business segments is seeing the slowdown? Secondly, regarding the US, we have started sending material for mining applications, which is great achievement for our Company. So, what is the progress there? Also, in Australia, we have started sending materials, how is that segment performing as per your expectation? Overall, where will the growth come from? I was expecting a much better performance this quarter and for the year. How do you plan to meet the shortfall in terms of the guidance we had given? Going forward, what sort of volume guidance would you like to share with us? These are my questions.
Sorry to interrupt. So, the competition which you're mentioning which geography these competitors are from, is it coming from the South Korean and the Chinese market.
Usha Martin Limited CC-Sep24.pdf ·
My question is regarding the US mining opportunity. If you could help us understand, how many order wins have we had, what is the share of business Transcript of Usha Martin Ltd. Q2 FY25 Earnings Call right now, and what outlook would you have for it and along with that the US Oil and gas and Australia mining, these three segment.
On the oil and gas and both mining, I would like to understand, what is the life of our products i.e after how much time we get a repeat order?