Stockrabit · Analysts
Questions across 38 calls

Rajesh Majumdar

B&K Securities

Steel Authority of India Limited

Steel Authority of India Limited CC-Jun24.pdf · 2024-08-09
So sir, my first question was that normally 2Q bounce on quarter is a weak quarter for the industry. But last year also we saw decent volume in 2Q. Now with the recent price correction do you effect the system to build up inventories and the volume can actually be much better than Q1. That was the first question, sir?
Yes. And sir, my other question was that we have been carrying sub -grade iron ore fine inventory for some time. And currently, the market -- with the current condition, there is a strong demand for this so do we expect to realize some extra sales from this in the coming quarters?
Steel Authority of India Limited CC-Sep23.pdf · 2023-11-16
Sir, I had actually a question on your overall debt and capex. It seems that the cash flow from operations has improved substantially this first half but there has been no debt reduction. And the capex rate is still very high. So, what is going on in terms of our debt plans? And we are still doing a significantly high rate despite all our major expansion program coming to an end. So, what is going to be our long -term plan in terms of steel production, capex and debt, if you could give us some light on that?
And this is despite coking coal price increase this quarter which you had already mentioned, right?

Tata Power Company Limited

Lloyds Metals And Energy Limited

Lloyds Metals And Energy Limited CC-Jun24.pdf · 2024-07-31
Yes, sir. Thank you so much for the opportunity. This is my first time in this call. So I just want to know some broad answers from you. As to this new capacity that we have post expansion, what is the royalty on these new mines? And do you apprehend any increase in the royalty structure given the fact that, the court has recently allowed that states can charge extra royalty on mining? That was my first question.
Sir, I wanted to know who are our main customers in iron ore?

JINDAL STEEL LIMITED

JINDAL STEEL LIMITED CC-Mar24.pdf · 2024-05-13
Yes. Sir, my first question was from April 1st till date, what is the quantum of price hike you've seen in terms of an average price increase on a quarter -on-quarter basis and how much of that will reflect in 1Q?
Right, right. That's helpful. And my other question was on the tax rate, I guess you've seen the tax rate has gone up this quarter. So is that going to be from next year, do we assume th at the company will pay the 25% plus kind of tax rate from next year or will it be certainly decrease on that?

JSW Energy Limited

Usha Martin Limited

Usha Martin Limited CC-Mar24.pdf · 2024-04-29
Sir, I have a couple of questions. The extent of cash flows that we are showing now post the expansion is nearly going to the tune of INR 500-odd crore from operations at the least. Against that, we have now a second phase of capital expenditure to INR 100 crore per annum or maybe INR 130 crore per annum. And our payout is just about INR 85 crore. So, do we have any capital allocation plans of increasing our dividend? And a related question is that we have not seen any meaningful acquisitions globally in this space. So, are there any opportunities there where we can utilize the excess cash?
My last question, when you consider an expansion in margins, you are also considering the extra cost that you will incur in hiring employees, etc., or other related costs of expanding into new markets?
Usha Martin Limited CC-Sep24.pdf ·
Congratulations on a steady set of results. Despite an enrichment of the product mix in terms of Wire Rope and lower volumes resulted in LRPC, the EBITDA margin in percentage terms as well as per tonne terms is lower on quarter-on- quarter basis and slightly lower even on a Y-o-Y basis. What is the reason for this?
So, how should we look at the EBITDA per tonne? Because we have seen over the last four years our EBITDA per tonne has gradually been improving and also the EBITDA margins. So, now do we come to a period where we will not expect a major growth in the EBITDA per ton or will it still grow after the new CAPEXs start giving us reasonable volume?

HEG Limited

HEG Limited CC-Dec23.pdf · 2024-02-21
So I had a few questions. I just wanted to know, you mentioned about the world's largest producer operating at 40% utilization. It's a common knowledge now. So , is there any takeover opportunity for any M&A activity available within the space right now?
Actually, let me ask this question the other way around. Even at 40% utilization, the cash losses are above $1,000 for this player. So how is it likely to play out -- either it shuts down or it gets acquired and then the prices start moving up or will the prices start moving up on its own? And the related question to that, if the prices started moving up again, is there enough capacity in the world today to absorb the new demand because if the industry is operating at around 50% or 60% rate, then even if the demand grows in the next two or three quarters, then there's adequate capacity available to absorb this, it can put a cap on the prices?

NLC India Limited

NLC India Limited CC-Dec23.pdf · 2024-02-15
Okay, great. Thank you. So, my second question was regarding Ghatampur. You already given the details that you'll be able to start commercial generation by Feb or March latest. So, when can we expect that Unit I will be generating a normative kind of PAF to be able to be addition for a regulated equity? Is that like the first half of FY25 or the second half?
And for Units II and III? Units II and III that we will be targeting Unit II in the month of June. So, in the Q3, I think it will start normative level and Unit III in later part of the Q4. NLC India Limited 12 15.02.2024 So, we'll be able to realize as per your guidance, all the regulatory equity additions in FY25 itself on Ghatampur.

RHI MAGNESITA INDIA LIMITED

RHI MAGNESITA INDIA LIMITED CC-Dec23.pdf · 2024-02-14
I ha ve a few questions , first one was on the top line. So, you mentioned the fact that one alarming thing actually , that because of the merger now, we are one company and will not have two entities to bid for projects. Does that actually mean going forward we will not be able to gain market share because whatever say the steel production growth is 6%, 7%, we will be able to grow only at that rate or will not be able to outperform the growth rate of the steel market because of this reason, is that a concern?
Okay, thanks. And sir I wanted to also ask that for Tata Steel there is Kalinganagar expansion and NINN expansion is going on, are we in a position to increase our market share there or are we getting a significant part of this expansion project other than JSW expansion which we are aware of?
RHI MAGNESITA INDIA LIMITED CC-Sep23.pdf · 2023-11-09
Yes, good afternoon, sir. Good afternoon, ma'am. So, my first question is, sir, can you help me? Sir, the numbers are a little bit -- because if I subtract...
Okay. So my question is, basically, if I subtract, can you help me reconcile the margin for a little bit? Because if I subtract the standalone from console, which we assume is RHIMIR, I am getting a margin of 17%. But it seems that turnover in RHIMIR is slightly higher. So is this an inter- divisional sale from standalone to RHIMIR? Otherwise, the margin is not getting reconciled. If I just subtract console from standalone from console?

Hindalco Industries Limited

Balrampur Chini Mills Limited

Balrampur Chini Mills Limited CC-Sep23.pdf · 2023-11-08
Yes. So, I have just two questions. One is on the inventory valuation of sugar. It is showing 37.60, which seems to be very high. I mean how does this increase so much this quarter? Any particular reason?
So, there will be a sharp fall once the production peaks, and that's fine. But I have not seen this kind of an increase in the last two years, three years, four years in terms of onetime jump in the valuation. So that's why I was wondering anything in particular?

NTPC Limited

JSW Steel Limited

JSW Steel Limited CC-Sep23.pdf · 2023-10-20
So, I had just a couple of questions. One was that going by your narrative on the Indian steel growth as well as the fact that we don't need to export mo re as well as what you said on the CBAM, is it fair to assume that our next phase of growth to 50 million will also be led primarily by the blast furnace route or are we also considering electric arc or any other technology to lead to that kind of a volume number? That was the first question.
Right, sir. And my second question was sir what is your total requirement of renewable power to phase out the thermal capacity by FY30 and what is the to tal capex geared for this, just for the renewable power?