Stockrabit · Analysts
Questions across 38 calls

Mukesh Saraf

Avendus Spark

Container Corporation of India Limited

Container Corporation of India Limited CC-Jun26.pdf · 2026-05-26
My first question is regarding the DFC connectivity from JNPT starting next week itself. If you could give some sense on the size of the opportunity here, say, either road moving to rail or the shipping lines calling at JNPT and not, say, at Mundra because of this rail connectivity now. This will kind of give us some sense on what kind of volumes we can kind of ship across JNPT to NCR?
Got it. Got it. That's quite clear, sir. Thank you. And secondly, on the tariffs you had mentioned, aren't we -- I mean, what we are reading is that road tariff is going up, with diesel, etc, kind of moving up. Are you starting to already see some kind of a shift from road to rail because road freight rates are going up, while I guess, Indian Railways is being quite aggressive on the rail side of it. If you could talk a little more on the economics between road and railways?
Container Corporation of India Limited CC-Feb26.pdf · 2026-01-30
Yes. Thank you for the opportunity. My first question is on the JNPT connectivity of DFC. Currently, could you give us some sense on the opportunity size, say either in tonnage or in number of containers or the number of container equivalents, basically on the shipment that is happening by road, this light cargo that you mentioned between say the Northern Hinterland and JNPT, which eventually can shift to rail?
Just the opportunity size, I mean, the reason I am asking this question is there was an understanding that a lot of the cargo has already moved to the ports in Gujarat. And secondly, a lot of JNPT, what is catering to now is more Central India and maybe Andhra Pradesh that kind of a market. So, just trying to assess is there a large market from the Northern Hinterland into JNPT, which is moving by road? Because all these years this is what we have been understanding that that cargo has already shifted to other ports.

Schaeffler India Limited

Schaeffler India Limited CC-May26.pdf · 2026-04-30
Just looking at the bearings business, especially in the industrial segment, I say, I mean, last few quarters, it's kind of remained at this level. It's been kind of flattish to maybe single-digit growth or a single-digit decline. If you could kind of give some sense, is it just weak end markets itself? Or is there some competitive intensity going up with more localized industrial bearing capacity getting built in the country? You had also kind of in your opening remarks mentioned about some calibration exercises in the bearing space, especially. So, is this also related to that? So, would help in getting the perspective on this?
So just a follow -up on this, the calibration is because of pricing pressures in the industry. Are you seeing, say, either imports, I mean, our competition importing and supplying at lower cost? Are they producing locally and supplying at lower pricing? So , and is there a general pricing pressure and hence, you're calibration?
Schaeffler India Limited CC-Nov25.pdf · 2025-11-03
Congratulations on a great performance. Just looking at your segmental performance, the Bearings and Industrial Solutions segment from a growth in first quarter came down to a low single-digit growth in second quarter and now a decline in the third quarter . So just trying to understand, should we read something structural here with respect to, say, weakness in the private sector capex or is it just one or two sectors? I think you did allude to a couple of sectors probably not doing too well. So is it like j ust one or two sectors pulling the whole thing down? Could you give some more sense on this?
Yes. So I mean, I'm just seeing a trend over three quarters. First quarter, the growth was a good strong double digit. Second quarter came down to a low single-digit growth. And then now third quarter, it's a decline Y-o-Y. So I mean, just trying to get your sense on this?
Schaeffler India Limited CC-Jul25.pdf · 2025-07-25
My first question is regarding a recent commentary from the Schaeffler Group CEO, Mr. Klaus Rosenfeld. He mentioned that the CAPEX or rather the investment in India is expected to be upwards of €100 million a year. And obviously, we have been talking about reduction in CAPEX over the previous years, obviously, at say, INR. 500 crores, INR. 600 crores kind of an annual run rate. So, it seems to be much higher than that. So, could you kind of give some sense on are we looking to increase our CAPEX targets as the commentary suggested?
So, next year onwards, it can be in the INR. 1,000 crores a year kind of ballpark based on that €500 million number that you mentioned for 5-year period.
Schaeffler India Limited CC-Mar25.pdf · 2025-04-30
My first question is on the -- I think you had alluded to e -mobility business that has started for you this quarter. So, is this the e-axle order that we had spoken about a year or so ago? And so, has that started now? And if you could just kind of remind us, I think you had mentioned at that time EUR 300 million order over a period of a few years. So, does that stay the same in terms of quantum?
Okay. Okay. But the quantum of the order remains EUR 300 million, sir?

Timken India Limited

Timken India Limited CC-Feb26.pdf · 2026-02-09
My first question is regarding the Bharuch facility. So could you kind of give an update on the SRB line commissioning and also our targets in terms of revenues from this plant, say, this year and probably next year based on the utilization rates you want to hit?
Sure, sure. Understood. And you did allude to the fact that even the European trade deal now kind of opens up new opportunities. I think when you initially announced the investment into this plant, I think you had said that the opportunity size for SRB was say, around INR17 billion, and for CRB is INR20 billion based on the current import, etcetera. Any update, any change to that number? Do you see a higher opportunity now for localized SRB, CRB, obviously, import substitution plus exports, anything that you could share there?

UNO Minda Limited

UNO Minda Limited CC-Feb26.pdf · 2026-02-05
My first question is on the 4-wheeler alloy wheels, the new plant that you've announced. I think in the past, you have mentioned that you're not expanding beyond the 25,000 a month on LPDC because it wasn't as remunerative to expand for many reasons. And now that you're expanding, I think you'll go up to maybe closer to 1 lakh a month on LPDC. So is it like a breakthrough that you've had now with, say, the non-Japanese customers? And also, where would this plant be set up? Would it be a new location, say, in the South, for example?
Yes. So, the second question is in general, on the capacity utilization. So while we have seen lighting, we have commissioned a new plant in Pune and switches, you have another one coming. I think in some other categories like seats, for example, you've been growing now double digits for the last 3 quarters, 4 quarters? And safe sensors and controllers have been growing quite well and it's probably 1/3 of your other segment now. So just trying to understand your capacities and the utilization levels for some of these other segments? These are the 2 questions.
UNO Minda Limited CC-Mar25.pdf · 2025-05-21
Good evening and thank you for the opportunity. First question is on the JV on the four-wheeler e- axle. So while we're investing the entire amount now and then the JV partner will be acquiring this 30% stake later on, if there is a delay in, say, government approvals, etc., for this 30% stake, would there be any kind of impact on technology transfer or on the product development, etc., obviously we have a timeline here in mind, so how would that work, sir?
Got it, got it. And secondly, on the two-wheeler EV business, while we have been kind of clocking a run rate there on two-wheeler EV, what I probably understand is that a lot of that business is still DC-DC converters and chargers, etc., But have we seen any major breakthrough with respect to traction motors, motor controllers, those kind of components for the two-wheeler EV business?

Craftsman Automation Limited

Craftsman Automation Limited CC-Jun25.pdf · 2025-07-30
First question is on Sunbeam. Now that you mentioned that the machinery has been moved out of Gurgaon. And could you kind of give us some sense on what we can expect in terms of ramp- up there in the next, say, 2, 3 quarters? Will we require any more investments now that you are now running it for the last 2 quarters? You have probably more insights into how we are going to see things ramp-up there.
Got it. So I mean, as of now, we are not expecting this modernization capex to be a significant number. We're working with what we have already planned.

Amara Raja Energy & Mobility Limited

Amara Raja Energy & Mobility Limited CC-Aug25.pdf · 2025-08-18
First question is on margins. I mean we saw that this quarter, the margins were at 11.5%. You did mention that antimony is now probably stabilized. And when I look at lead on an M minus 2 basis as well, it looks like it is more or less flat. We're also seeing the tubular plant up and the refinery for you on the recycling up. So is it fair to say that from here on, I mean, we should go back to our typical margin range at 13%-odd?
Got it. And in the last, say, 3 months, any pricing actions we have taken in the aftermarket?
Amara Raja Energy & Mobility Limited CC-Mar25.pdf · 2025-05-30
My first question is on the margins this quarter. The other expenses, I think last quarter, you had mentioned that there was a INR37 crores kind of an impact -- kind of a one -off impact, which probably would be lower this quarter. We expected about 40 bps impact because of the fuel cost going up. But we've seen that the numbers broadly flat Q1, about INR440 crores. So is there higher-than-expected impact of these -- the fuel costs that you had mentioned in the other expenses, the surcharge?
Okay. And so I mean, one is this the solar thing that you need to get back from the regulator, but the other costs that we saw last quarter, that will come off from, say, 1Q?
Amara Raja Energy & Mobility Limited CC-Dec24.pdf · 2025-02-10
Good evening and thank you for the opportunity. First question is on pricing. Some of our checks suggested that competition is hiking prices by up to 3% i n the aftermarket, this month itself, so would Amara Raja kind of be following suit there on the price hikes?
Sure. Got that. And I think most of my other questions are answered. But if you could just give an update on CAPEX, how much we have done and what could be the next year's CAPEX?
Amara Raja Energy & Mobility Limited CC-Sep24.pdf · 2024-11-06
So I just wanted to check on the telecom business. While we do understand that there is a shift out of lead acid batteries, but any plans for us, how are we looking to cater to that lithium business in telecom given that relationships, obviously, we have with all these tower companies?
Right. So anything that we can expect in the near term, sir, in terms of gaining market share in that lithium space I think in the next, say, couple of quarters or so because we are seeing the decline already for us there.

ZF Commercial Vehicle Control Systems India Limited

ZF Commercial Vehicle Control Systems India Limited CC-Dec24.pdf · 2025-02-07
Thank you for the opportunity. First question is, just back to the margins part of it. In this quarter, have we got any benefit of pricing negotiations with customers say, for prior periods, which is kind of cumulatively come in this quarter? Any such benefit we have got, sir?
Sure. Understood. And secondly is on the September '25 time line that you mentioned for ESC, what is the change there, sir? Is it know that at the RTO level before registration, there will be some kind of a check? Or basically, what is the issue now in terms of -- what change the government is going to make?
ZF Commercial Vehicle Control Systems India Limited CC-Sep24.pdf · 2024-11-12
Sir, before the question, the export number that you mentioned just for clarity, is it Rs. 299 crore, sir?
So, just coming back to the question, sir, I think in the previous quarters you have mentioned about certain new products in the export segment, especially the new compressor project, the new actuator, as well as I think, yes, so two new actuators. So, could you give some sense if we have started seeing revenue contribution from these new export orders that we had spoken about.