Stockrabit · Analysts
Questions across 20 calls

Priyankar Biswas

BNP Paribas

Container Corporation of India Limited

Container Corporation of India Limited CC-Mar25.pdf · 2025-05-23
Just harping back to the previous participant's question. Sir, if you can give me some more color regarding JNPT, like what extent of the volumes that happen at JNPT are relatively, let's say, low lead because that would ideally not shift to a rail. And also, if you can give some idea because the understanding is that most of the DFC -- most of the JNPT volumes that occur today at present is more aligned towards Maharashtra and Northern Karnataka. So if you can give an idea is what actually of the DFC volumes that are happening today moves along the -- let's say, the north-south axis?
So sir, does it imply...
Container Corporation of India Limited CC-Sep23.pdf · 2023-11-03
I just have some -- 2 quick questions. So 1 is usually in the third or fourth quarters, we do provide some employee provisionings on post-retirement medical benefits and others. So typically, either it's in the third quarter or the fourth quarter. So in that sense, in this year, can you give us some highlights like whichever quarter it happens. So how much it can go up by from the normal quarterly run rate?
Okay. And sir, this time, the domestic margins have been quite high at around 10%. So do you expect that to sustain? And if so, what are the drivers -- what are the factors that is leading to this high margin this time on the domestic...?

Larsen & Toubro Limited

Larsen & Toubro Limited CC-Mar25.pdf · 2025-05-08
Thanks, sir, for the opportunity. So my first question is regarding the water projects. So, I understand from your commentary that there may be some execution and cash flow issues. So can you just let us know what percentage of the domestic order boo k are these, water projects? And, can you give us some outlook like when can we expect this, issues, whatever that is to be resolved.
So sir, would it be fair to say that, in case, let's say if I may use the words sort of stalling of the water projects were not there in India, could our NWC levels, which is right now at 11%, could have been much lower, I mean, and what levels it could have been maybe some idea so to understand the extent of the issue.
Larsen & Toubro Limited CC-Jun24.pdf · 2024-07-24
Thanks for the opportunity, and congratulations to the team. So my first question is, PR, if you can explain about -- since we have a FY '26 ROE target of 18% and so we are kind of just a little below 15%. So what is the bridge from this current 14.5%, 15% levels to attaining this 18% level, if you can shed some light on that first?
So since last year particularly, the payout levels were quite high, so should we be expecting -- like, I am not going into what form of the payout, but similar payouts like last year?

AIA Engineering Limited

AIA Engineering Limited CC-Dec24.pdf · 2025-02-07
So sir, my first question is, if I recall from your statements in the previous quarter, there were some destocking-related impact at certain large customers that you had highlighted. So what's the status on that? And when can we see those volumes coming back? So that's the first question.
So should it be fair to say that from June quarter and let's say, the freight disruptions being largely behind. So we should be back to earlier normal quarterly run rate...
AIA Engineering Limited CC-Jun24.pdf · 2024-08-12
So, first of all, speaking on a relatively long -term basis, so you had duties in Canada and Brazil, so kind of now removed on that front. So, what should be the volume trajectory from this geography? Let's say, keeping aside this Red Sea issue , so what sort of volume trajectory can we expect? And what is exactly the status of Canada right now?
So, just ha rping back on that , since you hi ghlighted about copper and gold, what sort of penetration are we there in copper specifically ? B ecause Chile and Peru happen to be the largest geographies there, so how far are we succeeding over there?

JSW Infrastructure Limited

JSW Infrastructure Limited CC-Dec24.pdf · 2025-01-28
Sir, my first question, actually going on to the previous question that was asked. While I understand that the realizations have been kind of similar at the port end of the business. But what I see is that the EBITDA per tonne has improved significantly. So can you tell me like -- is this number sustainable? Or should it improve from here even more? Can you just throw some color on that, let's say, in the subsequent quarters?
And sir, what I see is that there has been sharp falls in the iron ore volumes, which you had also highlighted in your media releases. So can you elaborate on the reasons why it is so? And when exactly can we expect these volumes to come back?
JSW Infrastructure Limited CC-Jun24.pdf · 2024-07-18
So, coming to your question about inland logistics that Alok asked specifically on Navkar; can you give us a road map how exactly you plan to grow into Inland logistics because the way I believe is that when you get the Rs. 30,000 crores CAPEX plan, this probably wasn’t within that. It seems like it is beyond that. So, what sort of CAPEX level can go for us to go into inland logistics? Any pipeline of further acquisitions? And furthermore, it seems that Navkar’s revenues were kind of flattish for a prolonged period. So, what are we going to do to actually bring this asset up?
Sir, would it be correct to say that since your company has broadly ROCE level of roughly 18%, so eventually also in the long term when you are developing this inland logistics network, so you would also have something of that as an aspirational ROCE broadly?
JSW Infrastructure Limited CC-Mar24.pdf · 2024-05-03
Sir, congratulations for strong results today. So, my first question to you is, can you shed some light on what sort of capex given the g rowth pipeline that you see we should be looking at for, let's say next 3 years to 4 years? And what is the, let's say, target ROCE for such capex? And additionally, on top of that like if you can also elaborate let's say growth opportunities like Murbe Port and the volume aspirations at Tuticorin?
Sir, thanks for the opportunity. So, my question is we have seen recently commissioning by JSW Steel of, I think, close to another 5 million tons of capacity. So, why shouldn't we be seeing the group cargo going? Because as you were highlighting that as they expand capacity, there should be some lumpy volumes also adding to your mix.
JSW Infrastructure Limited CC-Sep23.pdf · 2023-11-04
Thanks for the opportunity, sir. So my first question is, like regarding further acquisition opportunities. So both in case of major ports' tenders or let's say, NCLT cases that may be there. So can you provide a let's say a pipeline or some sort of a thing like what can we expect in the let's say, next 24 months regarding major port tenders or maybe some acquisition opportunity? That's the first one.
If I just add on to it, like which states or would be your focus, as far as let's say, considering ports?

Adani Ports and Special Economic Zone Limited

Adani Ports and Special Economic Zone Limited CC-Dec23.pdf · 2024-02-01
So I would harp back on the logistics part of the business. So like -- would it be possible to share what is the, let's say, the EBITDA of the containers and the -- sorry, the AALL business out of the entire EBITDA that you are reporting for logistics? And what is the outlook for this specific segment, if you can give some numbers?
Sir, if you can give the direction for AALL. So where we are and where we should be seeing, let's say, in a 2-, 3-year horizon, if you can throw some color on that?
Adani Ports and Special Economic Zone Limited CC-Sep23.pdf · 2023-11-09
So my first question is regarding Adani Ports' international strategy. So what I see is like based on media articles as well that probably a port in Vietnam is also being considered. And then earlier, I think there was some agreement signed with Abu Dhabi ports as well, and then we already have Haifa. So what exactly is the international strategy that APSEZ is following? That's the first question. And second, given that post the G20, IMEC has also been announced. So would that change Haifa's potential than what you had said probably during the acquisition of Haifa itself. So any upside potential from that? So those are my questions.
Sir, just harping on that, so when you had done the Haifa acquisition sometime back. So I don't think your numbers were building anything of this sort, right, like a potential...

Aegis Logistics Limited

Aegis Logistics Limited CC-Jun24.pdf · 2024-07-31
So my first question, so it is on Mumbai again. So Mumbai, you have highlighted that land has been allocated at the port. So is it just Mumbai or does it include JNPT as well? So that's number one. And is there -- besides a liquid terminal that you mentioned, like 150,000 kl additional, is there a plan or, let's say, a possibility to expand the LPG as well?
And sir, another question. So you had already provided us with a capex plan of around INR4,500 crores. So that will be probably incurring till FY '27. Now going a little beyond that so -- because you often highlight that there are a lot of opportunities in India and several other -- and in several verticals. So can you elaborate on that? Like what can be the opportunities beyond this INR4,500 crores? And let's say -- in a 5-year view, let's say, what sort of volume targets that you may have or even capacity targets should be fine as well for, let's say, the gas and the liquids -- gas, I mean, both logistics and distribution?
Aegis Logistics Limited CC-Mar24.pdf · 2024-05-24
And congratulations to the entire Aegis' team for such a strong result. So that's first. What I wanted to ask since you have finally taken the step on ammonia. So if you can give some color on it, that what this static capacity represents, let's say, in terms of full year number? I mean, when it is commissioned, like in a 1 million ton quantum. And after that, what sort of target you have, like in 1 million ton per annum number to scale up the ammonia? And if you can walk through the financials of the project like, essentially, what can be the expected EBITDA per ton of those assets like those sort of things, if you can walk us through?
So if I understand it correctly, so you can do effectively an EBITDA of something like INR1,000 per ton, right? I mean, ammonia and...
Aegis Logistics Limited CC-Dec23.pdf · 2024-02-02
Congratulations, gentlemen, for a strong operational performance, firstly. So my first question in this regard is that despite such strong operational performance in the gas business, what we are seeing is that the EBITDA for gas is lower quarter -on-quarter. Can you explain why is this happening?
So if I understand it right, so this effect is only due to a change in distribution mix in the quarter. So nothing has happened on the logistics side at least.

KEC International Limited

KEC International Limited CC-Mar25.pdf · 2024-07-29
Yes. Thank you for the opportunity for the question. So, sir, my first question is pertaining to your cable business. So, you are going for creating a separate subsidiary, so to bring more focus. So, just wanted to have a few questions on that. So, what is the growth target for you? What sort of capex should we expect based on that? And since you also highlighted that there may be favorable funding costs, so what can be the delta and what is the typical ROCE of this business?
So, sir, like, given the capacity, what you have, let's say after this INR100 crores that we invest in this year. So, what sort of peak revenues can be made? Because since you got the approval to export cables to U.S., so there will be additional opportuni ties on top of that. So, what can be the peak level based on the capacities you would be putting in?
KEC International Limited CC-Jun24.pdf · 2024-07-29
Yes. Thank you for the opportunity for the question. So, sir, my first question is pertaining to your cable business. So, you are going for creating a separate subsidiary, so to bring more focus. So, just wanted to have a few questions on that. So, what is the growth target for you? What sort of capex should we expect based on that? And since you also highlighted that there may be favorable funding costs, so what can be the delta and what is the typical ROCE of this business?
So, sir, like, given the capacity, what you have, let's say after this INR100 crores that we invest in this year. So, what sort of peak revenues can be made? Because since you got the approval to export cables to U.S., so there will be additional opportuni ties on top of that. So, what can be the peak level based on the capacities you would be putting in?
KEC International Limited CC-Sep23.pdf · 2023-11-02
Priyankar here. My first question is, sir, as you were highlighting that your creditor days has actually gone down. So I was unable to actually completely understand the explanation. So what is actually leading to this shrinkage? And how should we be looki ng at it, let's say, in the next few, let's say, quarters or maybe the next year going ahead?
Okay. So that's well understood. So another question here is, so what we are seeing now is like a lot of launches in real estate and then, of course, significant capex happening in data center. So can you just elaborate on the prospects here a bit? Because see, in 2Q of FY '23, we had fairly substantial civil orders flowing in. So we didn't see it this time. So based on the visibility, maybe the 2H and how do you see FY '25 essentially on these fronts?

JSW Steel Limited

JSW Steel Limited CC-Jun24.pdf · 2024-07-24
Thanks for the opportunity, and congratulations to the team. So my first question is, PR, if you can explain about -- since we have a FY '26 ROE target of 18% and so we are kind of just a little below 15%. So what is the bridge from this current 14.5%, 15% levels to attaining this 18% level, if you can shed some light on that first?
So since last year particularly, the payout levels were quite high, so should we be expecting -- like, I am not going into what form of the payout, but similar payouts like last year?