Stockrabit · Analysts
Questions across 28 calls

Pratik Kothari

Unique PMS

Elecon Engineering Company Limited

Elecon Engineering Company Limited · 2026-07-13
Hi, good afternoon and thank you. So my question specific on the India or the standalone business in gears. I mean if we look at last few quarters the growth there has not been very high, I mean low single digits, while the order book etcetera has been building out. So if you can just call out, I mean these are some legacy orders which are not going through, customers is asking something because earlier our execution also used to be very quick. So just something about here what by the winning orders, the orde r inflow also is very strong, but the execution is not happening?
And on this segment's margin again. So like yes while you compare it to last year to those 18% odd, but this same segment used to report 24%, 25%, 26% margins. I mean one part I understand this depreciation and the cost I mean the capex that has gone through . EBITDA level on this standalone gears it's materially lower than what it was 2 years, 3 years back. And just to supplement this we called out that EP order book like you said this quarter has been strong, last quarter also we had called out EP has been strong, exports should be stronger. So why only match last year's kind of margins? I mean and do we eve r go back to those numbers that we saw for three-four years in mid-20s?
Elecon Engineering Company Limited CC-Apr26.pdf · 2026-04-16
Yes, sir. Good afternoon. Sir, in domestic gears, we did highlight the delays in terms of from steel sectors. If you can touch upon the various other sectors we cater to from sugar, power, cement, how are things standing out there and because we see the order book kind of building up from INR600 crores last year to INR900 crores. So, across sectors, is the execution expected to be delayed, gradual, if you can just touch upon that?
And how about the cement, sugar?
Elecon Engineering Company Limited CC-Oct25.pdf · 2025-10-13
Yes. Hi, good afternoon. Sir, first question on -- I mean, we started this journey on onboarding OEMs, I guess, about 1.5 years, 2 years back. And last quarter, we had declared about 18 OEMs that we have onboarded. So one, how is this journey being with them in terms of -- because we started first providing them with prototypes and then some commercial supply? And just some ramp-up and conversation qualitatively, quantitatively. How has that journey been until now?
So one of the expectation was that once a year or two passes, you're expecting that there will be a sharp ramp-up because they were testing whatever with us and once the confidence b uild up, so are we seeing that or all of that seems delayed given the geopolitical situation?
Elecon Engineering Company Limited CC-Mar25.pdf · 2025-04-25
Good evening and thank you. Si r, one comment on Eimco Elecon the press release which you have put out. What is happening? You mentioned it won't be an associate anymore. So I understand that the tripartite agreement is being broken, but are we also selling a stake there?
Okay. And sir, in light of the opening remarks the Chairman or guidance that we have the order book that we have seen, when we look at capex, it's only INR65 crores this year. I believe we are going -- adding capacity through this lease route. So one qualitatively, be it on the employee side, be it on th e capacity, machines, plant, et cetera, are we investing enough given the opportunity that we see? We also see that we benefit out of this tariff issue, which is going on. So one, are we preparing enough for it and have we invested enough? Just if you can share your thought process to capture whatever is coming?
Elecon Engineering Company Limited CC-Dec24.pdf · 2025-01-23
First question on MHE. I mean we do hear across about the new steel, power, etcetera, capacity, which is yet to come up. So one, what is driving this growth, I mean, this massive 70%, 80% even in our order book order inflow? So if you can highlight because these projects, which we were anticipating were yet to come. So these are existing ones who are kind of giving us these orders on the MHE side, sir.
Correct. So this MHE that we are executing o r the orders that we are getting these are all new projects which are coming up across industry?

CIE Automotive India Limited

CIE Automotive India Limited CC-Apr26.pdf · 2026-04-24
Vikas, first on India, if you can talk about, anecdotally, we do hear about some lines getting shut here or there because of gas issues, some paint issues. So because of this -- I mean, so one, how serious is this issue? You also called out that India could have done better. I mean not the export, but even locally, it would have done better if not for this war. So just going into April, May, how serious is this issue from...
Fair enough. I also -- sorry, go ahead, Ander.
CIE Automotive India Limited CC-Jul25.pdf · 2025-07-22
Sir, last quarter, in our India business, we had made this comment that we had appointed new head of business development and also we were kind of refocusing back on anchor customers versus the tail that we kind of were trying to target 2, 3 years back. So some color, some highlights how the same is progressing?
Correct. Fair enough. And just wanted to double check, I think Vikas made a statement at the beginning saying that the order book, which was getting delayed for the last year or 2 is kind of getting sorted out. Just some more comments and if you can expand on that India business?
CIE Automotive India Limited CC-Sep24.pdf · 2024-10-25
So one on India. I mean despite the investments that we've made over the last few years and that's being -- not being ramped up, our margins are -- I mean, very good. So this is -- I mean we have completely controlled our cost, and this is what we are seeing or this is despite waiting for ramp-up to come and maybe we should see something more?
Correct. And sir, this would be, I believe, a function of the productivity gains that we have been trying to implement and see for the longest of things?
CIE Automotive India Limited CC-Dec24.pdf · 2024-10-25
So one on India. I mean despite the investments that we've made over the last few years and that's being -- not being ramped up, our margins are -- I mean, very good. So this is -- I mean we have completely controlled our cost, and this is what we are seeing or this is despite waiting for ramp-up to come and maybe we should see something more?
Correct. And sir, this would be, I believe, a function of the productivity gains that we have been trying to implement and see for the longest of things?

Manappuram Finance Limited

Manappuram Finance Limited CC-Feb26.pdf · 2026-01-29
Sir, one on opex again. So if we go back 3 years, 4 years at similar branch productivity of about INR10 crores, INR 11 crores where we are right now, the larger peer, Muthoot used to be materially lower than where we are. So if you can just highlight where is this mismatch? We are in the 5s, they were in the 3s at similar productivity, and I'm going back 4 years now. So if you can just highlight where is that mismatch? What can we do to improve between us?
No because do we agree there's a mismatch and we want to work on that, but this is how our business is structured and this stays as it is?
Manappuram Finance Limited CC-Nov25.pdf · 2025-10-30
Yes, good afternoon. Just one, given our commentary around asset quality slippage on the MFI and vehicle both, the kind of provisions we have done, the incremental stress that we see, is it fair to assume that, I mean, we will be ramping up disbursements going forward? I am sure slowly and carefully, but is it fair to assume that, I mean, the kind of degrowth that we were seeing is now passed as in first in disbursement and eventually in book, we should start seeing growth?
Correct. So in terms of incremental, we still don't find that comfort enough to kind of accelerate. I mean, we being careful, I think was always assumed and we have always done that.
Manappuram Finance Limited CC-Jun25.pdf · 2025-08-08
Welcome to Mr. Deepak Reddy in the company. So my first question on MFI. I mean we have gone through this cycle multiple times in the past. So has anything changed structurally or on ground that we intend to now cap this at 10 -odd percent? I mean we have seen the ebbs and flows multiple times. So why this change now?
Correct. And sir, second clarification on the gold. What you are saying is it's to attract the high ticket 5 lakh plus customers to whom we have to give lower yields. It's not for those 50,000 ticket size where we have lower yields.

Redington Limited

Redington Limited CC-Nov25.pdf · 2025-11-06
Yes. So first of all, congratulations, a very strong and quick come back in numbers. So, one on TSG. Last quarter or last 2 quarters, you had called out some profitability pressures there. I mean you were winning large deals, but there were -- on working capital and profitability, you were seeing some issues. So, one growth this year is an outcome of that where we have let go of a few contracts? And just overall, how is that space shaping up?
And sir, was this Vodafone agreement exit, I mean how much more the lira business stays in Arena? Or is it all USD?

Cemindia Projects Limited