Stockrabit · Analysts
Questions across 10 calls

Jonas Bhutta

Birla Mutual Funds

Carborundum Universal Limited

Carborundum Universal Limited CC-Feb26.pdf · 2026-01-30
So, I would appreciate your comments while you said that you'll give out a separate guidance for both the businesses, the Awuko and Rhodius probably with the Q4 results and just like Foskor, sir, do you sort of have a time frame as to when you will keep evaluating these businesses, whether they remain -- are something that are sort of meeting the targets that you had set out at the time of their acquisition as in you bought them for a particular reason? And I know maybe 3 years, or 4 years is not a good enough time to sort of evaluate these businesses because we buy it for the long term. But just curious to know as to what are the steps that you are taking to sort of see that whether these fit probably just like you're going to take a call on Foskor. So, what is the timeline that you've given yourself on this?
Understood and just out of curiosity, sir, again, what is the cap -- while we bought it for, I think, EUR5 million or EUR6 million, what has been the total loss funding that we've done insofar or the losses that we w ould have incurred in the last 3, 4 years ever since we acquired them?

Thermax Limited

Thermax Limited CC-Dec24.pdf · 2025-02-07
Ashish, if you can speak about two other sort of products or technologies that we were looking at beyond the bio-CNG piece, which is coal gasification and heat pumps. While in our probably previous interactions, you mentioned that both these projects or products would need some bit of government support, without which commercial sense is not yet prevalent, given that what we've seen with the budget and the government stance, particularly the central government stance towards capex. Where in the overall picture now, you see these technologie s sort of picking up for you, particularly, is it -- has the timeline moved away from one year, two years to maybe five years from now? You can speak a bit on that? And that's my only question.

GE Vernova T&D India Limited

GE Vernova T&D India Limited CC-Dec24.pdf · 2025-02-05
So, firstly, congratulations to the team for a great set of performance. Just one sort of question. If between December '21 to maybe January '25, NCT would have sort of given around INR3 lakh crores kind of project approvals. And if I exclude the HVDC bid, that would sort of tantamount to roughly INR2 lakh crores-odd. Now within that, maybe GE T&D's addressable scope is 35%, 40%. What would be your best guess into how much of that opportunity has already been awarded?
So, basically, just trying to get a sense that for the recent past, the NCT approvals were running far ahead of awards. Have those 2 caught up?
GE Vernova T&D India Limited CC-Mar24.pdf · 2024-05-21
Good Evening, Gentlemen and thank you for the oppo rtunity and congratulations on a great set of results. Couple of questions, Sandeep. Basically, while we appreciate that the shade of the business has become product heavy in the last few y ears, what would be the broad breakup of sales between products and projects as we speak?
And if I can just carry on while you get that data. Additionally, I just wanted to understand if at all we were to sort of split the project side, would transformers and switchgears be the two major key products within that subset?
GE Vernova T&D India Limited CC-Dec23.pdf · 2024-02-05
Thank You Sir for the opportunity and congratulations on a good set of numbers. Two questions, sir. Firstly on the gross margin. So if I go back i n time around FY20 and right through FY24, our commentary on gross margins was that we are operating at sub-30% gross margins, and our target was to take it at a steady state level of 32%, which was always been our long-term average. Now for the past two quarters, we've sort of clock ed about 36 odd Percent, and which you sort of alluded to, this is a factor of mix, etc. Howeve r, given the current order backlog of INR58 billion, do you believe that the mix is such that t hese levels of margins -- so these are the new normal margins at least in the current backlog? Because most of these orders, ever since we've chang ed our strategy, these orders would have come in the last four, five quarters, and they are all reflective of a substantially higher gross margin than our long-term average.
Sure. Could you highlight what is the broad mix between projects and products in our backlog? And what was it maybe 2 years ago?

Tega Industries Limited

Tega Industries Limited CC-Mar24.pdf · 2024-05-23
Good evening, gentlemen. Thank you for the opportunity and congratulations on a great set of numbers. So just wanted to understand, a, from this long-term contract that we signed, the broad math was even if we equated, it's supposed to be roughly INR 120 crores a year and hence INR 30 crores a quarter. Is that what we should work with even if we were to analyze this quarter's results where we see a INR 90 crores delta in our sales on a year -on-year basis, INR 360 crores becoming INR 450 crores on the consumable side? Is it fair to assume that one-third of that sort of came from this contract?
Got it. And the second question was on incremental margins. If we see that our consumable sales have gone up by about 90 crores in this Q4 over Q4, the incremental margins on these is almost 45% because the delta in EBIT is, to that extent, almost 41 crores. So, how much of this would you think is, if we were to continue to grow at this 10%-15% organic growth, do you think that incremental EBIT margins can be in that 40%-45% band?

Hindustan Aeronautics Limited

Hindustan Aeronautics Limited CC-Mar24.pdf · 2024-05-17
Firstly, from a bookkeeping side, if you can help us understand what transpired in the 4th Quarter in terms of gross margins, basically material margins, given that they've come upwards of 60%, 63% to be more precise. What drove these margins because typica lly were more in the 58 kind of band, 57-58 kind of band, what transpired here if you can help us with that?
Because if I remove as in if I adjust that from our top line, t hen also we are getting like a 63% gross margin. So, this 1,900 crores of change inventory that is , is that the pending deliveries of the two LCA Mark 1A prototypes or something that we….?

RHI MAGNESITA INDIA LIMITED

RHI MAGNESITA INDIA LIMITED CC-Dec23.pdf · 2024-02-14
Couple of questions. Firstly, if you can quantify the sort of impact across multiple P&L line items, firstly on the volume front and the corresponding impact of that on revenue. So, what we see is, there is a negative delta of roughly 52 crores on the volume front in the bridge that you have given on page five of the presentation is that the entire impact of the curtailment of volumes to one of the clients or there is more firstly, secondly if you can quantify the impact of one offs, if the employee cost which seems to have jumped and on the interest cost, again, because of the FOREX fluctuation So, these three sort of, if you can just call those out in terms of numbers. That's my first question.
So, ma’am the quantification is what 52 crores?

Engineers India Limited

Engineers India Limited CC-Dec23.pdf · 2024-02-02
Thank you, sir, for the opportunity. Just wanted to understand our initiatives on the international side, while I understand that we are close to negotiating an order in Nigeria. But at some point in time, we were also discussing on the MENA region in terms of you're trying to build up our capabilities. So can you talk about some initiatives that we've taken there, any prospect list that is there in the next one or two years that we can speak about?
Thank you, sir, for that elaborate answer. But if I have to sort of summarize, other than this Nigerian order, which is on the anvil, would you believe that all these initiatives will yield to another such large order in the next 12 to 18 months? Or that is still some time away?