Questions across 39 calls

Mumuksh Mandlesha

Anand Rathi Institutional Equities

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 and Sir, congratulations on the strong operational performance. Firstly, to Sweta ma'am, is there any in this quarter any one -offs in the margin side because you've seen a particular good improvement in the gross margin and the other expense also was lower sequentially. Can you help us understand what happened in this movement of both the items, sir?

Got it. So can you explain us just on the other expense the reduction which we saw despite higher revenues partly to this onetime saving, which we have from the reduction of the claims. And anything other than that also, anything like freight reduction, etc which have reduced the cost?

ZF Commercial Vehicle Control Systems India Limited CC-Jun24.pdf · 2024-07-24

Thank you so much sir, for the opportunity. Sir, firstly, can you update on the CV outlook for Indian market? Earlier, you had mentioned about single -digit growth for FY'25. Is that outlook maintained? And secondly, on export side, you had given the guidance of 15% to 20% growth for this year. As Q1 has seen a decline, do you maintain the guidance also?

Got it sir. So on the export front this freight cost has gone up and the delivery time has gone up in recent times. So is that going to impact the growth of the margins in the upcoming quarter Q2 quarter sir?

ZF Commercial Vehicle Control Systems India Limited CC-Nov25.pdf ·

Sir, firstly, sir, if you can help us understand in this quarter, we have seen a gross margin improvement Q - on - Q by around 160 bps. What led the improvement? And also in H2 in the cash flow, we can see almost like INR 187 crores of working capital improvement in first half. So can you just explain what led to the improvement?

Param sir, the compressor e - buses segment. I just want to understand what kind of a market share currently we have for the compressor for the EV buses? And how do you see the growth for the segment? Paramjit Singh Chadha : Yes. In EV buses, if you ask for the compressors, I think from the India OEM suppliers, we are the only supplier for the compressor. There are some little imports some companies are doing. But predominantly, it is our compressor only.

UNO Minda Limited

UNO Minda Limited CC-Dec24.pdf · 2025-02-06

Yes. Thank you, sir, for the opportunity and congratulation on the strong growth numbers.

Sir, firstly, just recently your new plant in the seat belt and airbag has commenced where you have done about Rs. 375 crores CAPEX both together, just want to understand how will the ramp up of this plant and just on the revenue potential if can indicate?

UNO Minda Limited CC-Sep24.pdf · 2024-11-12

Congratulations on the strong results. Sir, firstly, can you talk about this TLA with the Mobis for the speakers? And how do you see the business opportunity with a strong partner like Mobis? And any order work in progress, sir? And sir, second part is, if possible, can you share EV-specific component revenues for the quarter or the first half for th e 2-wheeler and the PV segment? And also, any orders which are close to win in the e -axle for the PV segment? And lastly, sir, last year, Den so and TG has done very well, have grown 40% last year and an even JV, Katolec, has doubled to INR 670 crores in FY '24. Just want to understand your explanation for TG, just for Denso and Katolec, can you explain what is driving the strong growth and outlook for these two companies?

In terms of growth for these companies, should we expect very strong growth even ahead also?

UNO Minda Limited CC-Mar24.pdf · 2024-05-23

Thank you so much for the opportunity and congratulations on strong margin performance and entry into 4-wheel EV segment, sir. Sir, firstly, on the gross margin side, this quarter, can you quantify the impact of price hike?

Can you quantify the impact of price hike during this quarter, sir?

Gabriel India Limited

Gabriel India Limited CC-Dec24.pdf · 2025-01-30

Thank you , sir, for the opportunity and congratulations on the good growth and the recent acquisition, sir. Sir, continuing on the suspension new order wins, you have also mentioned some TVS order wins across the CNG, EV 4-wheeler and the electric 3-wheeler. Can you talk about this opportunity, sir?

TVS Motor with the CNG and the electric four -wheeler, electric three -wheeler, which you mentioned in the presentation.

Gabriel India Limited CC-Jun24.pdf · 2024-08-16

Congratulations on the solid margins. Sir, firstly, just can you update more on this Inalfa TLA which has now shifted to -- from JV to TLA? A nd on this particular thing, will any royalty be changed since there is no JV now, the royalty currently Inalfa charges will remain same or that may change in the royalty rates?

Great, sir. Sir, continuing on the su nroof side, can you update on any new order win, sir ? And on the sunroof margins, sir, whether this kind of margins will be sustainable and also we get them improved due to localization and volume, sir?

Craftsman Automation Limited

Craftsman Automation Limited CC-Dec24.pdf · 2025-01-30

Sir. Firstly, just on the stand -alone margins, which has come down sequentially. Any reason for that segment margins to come down, sir? Any one-off there, sir?

Got it. Generally, I mean, all these efforts, sir, I mean, any quantification you want to give what kind of impact this quarter it would be? And I mean, once all things normalize, I mean -- see in FY '27, any guidance you want to share on the margins for t he Powertrain segment, sir?

Craftsman Automation Limited CC-Sep24.pdf · 2024-10-24

Firstly, sir, on the Sunbeam, can you guide more how do you see the revenue and the margin trajectory over a medium-term perspective? What are plans to turn around this unit, sir?

Yes, sir. It's very comprehensive, sir. Just further on this if possible, to share what kind of savings we would get from the employee cost reduction? And just a little more on the export opportunity for the Sunbeam, sir?

Endurance Technologies Limited

Endurance Technologies Limited CC-Sep24.pdf · 2024-11-07

Can you provide some more details on how do you see the revenue ramp up for the new AURIC plant? Any details on what kind of products we are targeting? For the four wheeler segmen t you mentioned about the drive train products and aluminum forging opportunities. Can you share more how do you see the revenue projection for these new products?

What kind of CAPEX are we doing for this aluminum forging and the drive train products?

Balkrishna Industries Limited

Balkrishna Industries Limited CC-Sep24.pdf · 2024-10-26

Happy Diwali. Sir, there has been increase in production stops for European players. Is it due to weak demand or they are losing market share? And also, we're seeing a lot of M&A activities in this space in Europe market. So how do you see that playing in terms of pricing and market share, sir?

Sir, in terms of OEM demand, which was very weaker this quarter, any improvement of traction there you see in the Q3 quarter, sir?

Balkrishna Industries Limited CC-Jun24.pdf · 2024-08-10

Thank you sir for the opportunity and congratulations on good results sir. Sir as you mentioned I mean demand has softened in recent time. What could be our channel inventory, sir?

On the freight cost sir has any partially the surcharge has been passed on to the customers?

Balkrishna Industries Limited CC-Mar24.pdf · 2024-05-18

Just on the freight rates sir, so we were able to pass on the order freight cost impact to the dealers, distributors there sir?

Okay. And so, there would be any impact next quarter also incrementally?

Ramkrishna Forgings Limited

Ramkrishna Forgings Limited CC-Sep24.pdf · 2024-10-24

Thank you, sir, for the opportunity and happy festive season to the management and congrats on the strong order wins for this quarter . Sir, firstly, this quarter we have seen very good growth from the domestic revenues. Can you help us understand because the MHCV which was very muted this quarter , so we not ably outperformed that market. I just want to understand which orders have seen the ramp-up and which segments are doing well in domestic markets, sir?

And so, this kind of outperformance we expect to maintain based on these new orders ramp-up, right, sir?

Bajaj Auto Limited

Bajaj Auto Limited CC-Sep24.pdf · 2024-10-16

Thanks for the opportunity and Happy festive season to all. Sir congrats on the CNG success. Can you just give your sense on the market size opportunity for this product ? Can you share what number of touchpoints we have covered and what could be the market to the touchpoints that we cover in the next period of time. Also, on the CNG side, can you share how will be the margin for this product as it scales up to normal levels?

So basically, we've covered the whole market in terms of the CNG product?

Bajaj Auto Limited CC-Jun24.pdf · 2024-07-16

Thank you so much for the opportunity. Sir, firstly can you share the capex guidance for FY '25 and which areas of spend would be there sir?

Got it, sir. And this quarter we've seen other expenses have grown strongly. Can you explain what could be the reason for the increase?

Hero MotoCorp Limited

Hero MotoCorp Limited CC-Jun24.pdf · 2024-08-14

Sir, firstly, you mentioned about the rural market pickup. How are you seeing demand trends in urban and rural markets for your volumes, sir? And is that, going ahead, the rural spend do better than urban market also?

Got it, sir. Sir, on the CNG vehicles we have seen in the markets now, how do you see this kind of product potential in the market? And any plans for us in the medium term, sir?

Samvardhana Motherson International Limited

Samvardhana Motherson International Limited CC-Jun24.pdf · 2024-08-13

So, firstly, on consumer electronic business, can you talk about what kind of business opportunity site is there with this investment? And also, I mean, what kind of customers we have with us for this business?

On this overall non -auto picture for us, what kind of growth we see over the medium term or what kind of revenue share we see for this non-auto side sir?