Questions across 11 calls

Nirav Jimudia

Anvil Research

Coromandel International Limited

Coromandel International Limited CC-Dec24.pdf · 2025-01-31

Ma'am, I have two questions to ask. So one on the agro side. Ma'am, if you can share what was the volume growth for Mancozeb in 9 months of FY '25 vis -a-vis of 9 months of last year as well as also if you can share that like recently, we have seen the pric es of Mancozeb in the international market moving up. So how much of that is captured in Q3? And how much it is still left to be captured going forward?

Fine, fine, fine. Sir, also, if you can share like last year, we produced close to around 70,000 tons of technicals out of over 90,000 tons of production capacity. So how are we looking FY '25 and FY '26 in terms of the production of technicals, given the kind of newer products we have launched on the formulation side? This along with if you can combine the volume data growth for Mancozeb, that would be helpful.

Coromandel International Limited CC-Sep24.pdf · 2024-08-09

I have 2 questions. So , one on the Crop Protection side. So, as per the annual report, what we have written is that on the cost side, we have transited from, let ’s say, DMT to DMPAT. I am guessing this is for the acephate production, which we are undergoing. And you have also mentioned that we have undertaken cost reduction initiatives, predominantly the war on waste, to reduce the specific consumption of RM and utilities. So, if you can just help us understand how both of this could help us in terms of cost savings on an annual basis, some understanding on the same, ma’am.

So, ma’am, based on the plant work we are going to commission over 6 to 8 months, how much of our requirement from the outside world would come down with the commissioning of this plant?

Navin Fluorine International Limited

Navin Fluorine International Limited CC-Dec24.pdf · 2025-01-30

I have 2 questions. So first, on the AHF side. So like we are on the verge of commissioning the plant. If you can share your thoughts on the availability of fluoride like which is due controlled by a few countries, Mexico, China and Africa mostly. So some of the reports also said is that Chinese are faster depleting their reserves for fluorspar given the kind of 6 million, 7 million tonnes of production they are seeing currently, given the kind of ecosystem they are building on. So from a sustainability point of view, how the company is placed in terms of the long -term availability and the contract for fluorspar? This is question number 1.

Got it. Sir, second question is on the inorganic fluoride business. So your FY '24 annual report says that w e had a decent amount of volume growth in FY '24, but the pricing was under pressure. And given the kind of market leadership in aluminum, potassium and the sodium fluoride, which we have been holding for quite a number of years. If we can hear your thoug hts here in terms of how this business is shaping up, whether this incremental AHF is dedicated for some of the newer products in the inorganic floored side, some thoughts here.

Grasim Industries Limited

Grasim Industries Limited CC-Jun24.pdf · 2024-08-09

I have 2 questions on chemicals. So one on the hydrogen part of our business. So, let's say, whatever hydrogen that we produce from our caustic plant after using it captively for the flaker, or how much we are currently selling in the market? And does it form a part of our EC U calculation?

Got it. And sir, once we expand our caustic capacity, you have some surplus hydrogen also available with us. So are we planning any downstream products of hydrogen, which we are not having currently. So any thoughts on that?

Grasim Industries Limited CC-Dec23.pdf · 2024-02-09

I have 2 questions. One on VSF and one on chemicals. Sir, based on our presentation, is it safe to conclude that our VSF EBITDA on a quarterly basis based on a Q -on-Q number is flat on a per kg basis and the fall in the numbers is predominantly because of the VFY?

Sir, the fall in profit is close to INR62 crores. So, 75% to 80% is a safe assumption to take for the fall in the VFY business out of this INR62 crores fall?

Grasim Industries Limited CC-Sep23.pdf · 2023-11-15

Good morning, team. Sir, I have two questions. So one on the chemicals. Sir, in this quarter our ECU was ₹32 a kg and you mentioned that the chlorine demand was slightly weaker because the downstream of chlorine was not doing well. So if you can just help us walk through, how much was chlorine negative this quarter and what was peak Q1 of FY ‘24? And along with it, if you can just clarify that, was there any change in the average power cost per unit this quarter for the caustic soda business? Becau se I could see that if you just break it down in terms of the cost of production, there was slightly increase in our cost of production for the chemical business. So was there any change in the average cost of power this quarter?

Got it. Sir, is it possible to quantify that one-time maintenance cost, which could not be repeated from next quarter?

Deepak Fertilizers and Petrochemicals Corporation Limited

Deepak Fertilizers and Petrochemicals Corporation Limited CC-Mar24.pdf · 2024-05-30

So, my question is on the nitric acid business. So, if I see our capacities for WNA and CNA, they are like close to around 8.5 lakh and 2.3 lakh tons, respectively. So, just wanted to understand from you, like after consuming our WNA for our CNA as well as for ANP, do we have some extra WNA which we sold in the market? Or everything what we've been reporting in our quarterly numbers is more of a CNA number, and it doesn't include the WNA numbers?

Got it. And when we say that we have imported nitric acid, there is predominantly the WNA which we have imported and not the CNA because it becomes difficult to import CAN at times?

Deepak Nitrite Limited

Deepak Nitrite Limited CC-Mar24.pdf · 2024-05-22

Congratulations on the good set of numbers. I have two questions. The first is on the Advanced Intermediates business. So, what portion of our raw material will be secured once the backward integration project start operation s? And when can we see the benefits of this backward integration project start reflecting meaningfully in our operating profits?

So, this would again be extended towards the newer capexes which we will be doing for which we already signed the MoU. So, this is what you are trying to say on this particular raw material?

Deepak Nitrite Limited CC-Sep23.pdf · 2023-11-09

I have two questions. So first, on our stand -alone business and if you can share your thoughts on three of our traditional products like sodium nitrite, DASDA and PNT part. In terms of the demand situation in H1 of FY24 in terms of the capacity utilizations, which we have clock ed. And if you can just walk us through in terms of the situation for H2 of FY24 and then next year in terms of where we can see the first line of improvement coming. So could it be DASDA, because what we have seen is last 3 years after FY20, DASDA had been a muted growth. So where can we see the meaningful jumps , coming from DASDA and then you can share your thoughts on nitrite as well as the PNT chain.

Yes, because these are the products which generally, we come to know in terms of the market understanding because sodium nitrite, we have the leadership position. PNT also and DASDA also had contributed good amount of profitability in FY24. Probably, I am aware of these 3 major products, there could be others also. But if you can walk us through other products also that would be also helpful, sir.

DCM Shriram Limited

DCM Shriram Limited CC-Mar24.pdf · 2024-05-07

Thanks for the opportunity sir. So just wanted to understand your thought process on the chlorine. So if you can just walk us through in terms of what are the feedbacks you are receiving from the customers in terms of improvement in t heir existing capacity utilization where chlorine is used? And you mentioned about the expansions also which have been carried down by your customers there. So how do you see the schedule of -- or some understanding about the improvement in the chlorine demand because I think our ECU portion is largely impacted by the chlorine part and hence for the utilization on the caustic part also. So if you can just give us some sense on the customer side in terms of the feedbacks what you have been receiving, that would be very helpful?

And sir, are you seeing any po ckets in terms of the consuming industries where the demand for chlorine is picking up apart from the agrochemicals?

Aarti Industries Limited

Aarti Industries Limited CC-Sep23.pdf · 2023-11-06

Sir, on the Nitro Toluene side, volumes have fallen on our QoQ basis. So, is it because of our ONT, OT chain not doing well and that's why we have restricted production and sales of NT or it's because of the PNT and the other products which come along with the production of NT and those products not doing well, that's why we have restricted the production of NT in this quarter?

Sir, was there any restrictions on the sale of Metalochlorine in Europe, predominantly in France and because of which probably the demand restriction or demand fallen would have happened on the OT chain, is this a right understanding on the fall in the volumes for NT?