Stockrabit · Analysts
Questions across 31 calls

Ravi Swaminathan

Avendus Spark

Carborundum Universal Limited

Carborundum Universal Limited CC-May26.pdf · 2026-05-15
Hi, sir. Thanks for taking my question. My first question is with respect to the Vision 2030, any revenue target or growth target that we have and any margin target that we have for this?
Got it, sir and with respect to the Ceramics and Refractories business, if you can once again highlight, you had mentioned numbers in terms of bifurcation between Ceramics and Refractories. If you can call it out once again and what kind of growth that we should think of in each of these individual subsegments if you can give that would be great?
Carborundum Universal Limited CC-Jun25.pdf · 2025-08-08
My first question is with respect to the standalone Electrominerals business. The margins are kind of still on the compressed side. You had mentioned that it was because of raw material prices going up, and now we are passing it on. But earlier, you had mentioned that there was also competition from Chinese players especially in alumina, et cetera. What is the status with respect to the competition from Chinese players in this particular category? That is my first question. And with respect to the second one, in terms of the other option value kind of products like high purity silicon carbide and supply of ceramic to emerging product categories like EVs, et cetera, what is the status of that?
And with respect to Ceramics sales for EVs and semiconductor industry, is that a big driver of growth, likely to be a big driver of growth over the next 1, 2 years or 3 years?
Carborundum Universal Limited CC-Sep24.pdf · 2024-11-04
Sir, thanks for taking my question. My first question is with respect to the Ceramics and Refractory segment. You had talked about reasonably good growth coming in for the Engineered Ceramics and Wear Ceramics, etcetera. If you could give more granular details as to which are the sectors which are driving the growth for these sub-segments as of now. There was one large customer from whom business was impacted, how is the path to recovery over there? If you can talk about these 2 segments and also refractories, what is driving growth there? How is the demand from certain sectors like glass, carton black, steel, etcetera? If you can talk about that, that would be great.
And the metallized cylinder segment should we kind of think of it as growing like a 15% CAGR kind of segment. I mean mid-teen kind of growth sustainable over 2 years, 3 years?

Blue Star Limited

Blue Star Limited CC-Jun25.pdf · 2025-06-30
My first question, once again, on the first segment, with respect to what is the, if you can give the order book breakup of the key categories like commercial real estate, residential real estate, retail, data center, infra. And if you can give some commentary on each of these sub -categories, which is doing relatively well, which is doing average.
My follow-up on this is, I mean, are we adding new products into this Project segment category , like equipping ourselves for advanced projects in categories like data centers, et cetera? This is leading to this kind of growth vis-à-vis other competitors who are not going that fast in the Project business.

AIA Engineering Limited

AIA Engineering Limited CC-Feb26.pdf · 2026-01-30
My first question is, sir, with respect to the current significant rally in gold and copper prices, some of our existing large clients related to gold and copper, are they coming back to you, discussing about increasing the mining output so that in one way, supply is catching up to the rally in these commodities? Is that happening, something that are you seeing where the customers are saying -- coming back to the drawing board, and saying we want to increase supply. So therefore, you need to supply more grinding media? Is that something which is happening?
Understood. And sir, second question with respect to the volumes that we had lost, some -- close to around 40,000, 50,000 tons related to the geographies over the past 5, 6 years, that is South Africa, Canada and Brazil due to the duties, et cetera. How much of it would we have recovered? And how much more potential is there in terms of recovery?
AIA Engineering Limited CC-Mar24.pdf · 2024-05-14
My first question is with respect to the overall mining demand environment. So, with gold prices going up and copper als o resurging back in terms of prices, how do you see the mining activity across your various geographies, has there been any pickup that can lead to increase in grinding media demand? Are you seeing anything of that sort, sir?
And with respect to the EBITDA margin , so earlier y ou used to g uide it to be in the range of 22% to 23% and then couple of quarters ago you had mentioned 23 % to 24%. What kind of range that it is likely to settle in keeping in mind the cost saving initiatives that they are taking?

Polycab India Limited

Polycab India Limited CC-Jan26.pdf · 2026-01-16
Congrats on a good set of numbers. I have only one question. This is regarding the cable segment. If you can call out the top 3 or 4, 5 sectors which are driving the sales growth. I think power T&D would be one of the sizable sectors, which would be drivin g the growth. What would be the approximate contribution of that? And yes, so all these segments, how they are growing, which is growing faster, which is growing relatively slower, if you can give a broad context.
30% Okay. And the second largest segment would be up after that?
Polycab India Limited CC-Dec24.pdf · 2025-01-23
Congrats on good set of numbers. My first question is with respect to the demand for cables. We know that over the past 4 years, there has been strong demand for cables driven by central government spend. But if you see the past 1, 2 quarters, there has been some amount of softness in terms of government spends and there's not much of clarity on whether that will go up significantly over the next few quarters. Given this kind of scenario, how do you see the overall industry growing? Do you see any signs of inquiries coming off? If you can give how it is likely to be over the next 6 to 12 months?
Okay. And with respect to the wires business, so any commentary on how is the end market real estate led demand? So essentially, this quarter you have mentioned there has been a bit of destocking from dealer side, some inventory levels being high. But assuming that it normalizes, how the secondary sale demand is, from the dealers to the real estate ultimate consumer, how is that panning out? Any sense on that?
Polycab India Limited CC-Sep24.pdf · 2024-10-18
: My questions, many of them are related to the breakup or mix in the cables and wires business. First is, if you can give a breakup of the cable and wires categories, how it is in the first half of this quarter and how it has changed compared to the earlier quarter or the previous quarter in the earlier year? And within the cable segment, you had mentioned 3 categories. So one is government, private, real estate. Any broad mix as to how this is within the cable space? And within government, if you can give further breakup, railways, roads, power T&D, airports? Even if you include data centers, how it is? So this is my first questio n, largely related to breakup of the demand. Even ballpark numbers are fine, broad numbers are fine.
Okay. Specifically, power T&D, you can bifurcate it both our transmission and distribution and then renewables, that is solar and data center. These 4 subcategories, any sense on the exposure that you will be having from the cables and wires side?

Triveni Turbine Limited

Triveni Turbine Limited CC-Nov25.pdf · 2025-11-12
Hi. Thanks for taking my question. My questions are related to the domestic market. In terms of pipeline, earlier we used to give in gigawatt terms through the size of the pipeline for the domestic market. If you can give what it is currently and how it would have grown compared to last year, that will be great. And in the domestic market, sub question is, would we have gained market share in the domestic market given some large orders which were there. And you had mentioned about good traction in steel, cement and sugar. Can you give commentary on the other sectors also where is the overall order book wise?
And second question is with respect to the API turbine market, if you can give directional trajectory commentary on both domestic and international markets, how it is panning out this year vis-a-vis the previous years?
Triveni Turbine Limited CC-Dec24.pdf · 2025-02-03
Hi, thanks for taking my question and c ongrats on a good set of numbers. My first question is with respect to the CO2 -based energy storage system. What is the size of the addressable market in the country? What is the Total Addressable Market (TAM) that Triveni Turbines would be looking at over the next 2-3 years? And how are these projects different from the core business that we entered into? And what kind of profitability should we think about these orders?
Thanks. And by how much time will this be project executed? And in this particular project, what is the time period of execution and the profitability also given the fact that some of them would be outsourced component and there will be civil orders which are there.

Kalpataru Projects International Limited

Kalpataru Projects International Limited CC-Sep25.pdf · 2025-10-31
Congrats on a good set of numbers. My first question is with respect to the tender pipeline for the power T&D space. So initially, last call, you had mentioned that it was around ₹ 1.2 lakh crores, and now it is ₹ 1.5 lakh crores. So there has been quite a bump up in the tender pipeline over quarter-to-quarter? Which are the subcategories like power grid, SEB, private players, international, where we have seen the biggest delta in terms of tender buildup? And because of the significant growth, are we seeing an improvement -- further improvement in margin profile of Power T&D orders, margin and working capital of Power T&D orders?
And in terms of margin profile, sir, because the market itself is expanding, are we seeing improvement in margin and working capital terms further for the Power T&D orders? Or is it like this is getting maintained at the same level?

Action Construction Equipment Limited

Action Construction Equipment Limited CC-Jun25.pdf · 2025-08-11
Sir, thanks a lot for taking my question . My question is regarding the growth which we had seen in the past five years had been stupendous , we had tripled our revenue. Over the next 4-5 years, what are the top 2-3 sectors that you think might be driving the growth for ACE and what kind of growth one should think of is the question that I have in the mind.
Got it, sir. And private sector I mean as of now it doesn't fully fired like steel CAPEX etc. but if it does, can it make a big delta to your topline, bottomline?

KEC International Limited

KEC International Limited CC-Jun25.pdf · 2025-07-29
Congrats on a good set of numbers. Sir, my first question is with respect to the India domestic power T&D market. We are seeing steady growth in PGCIL and even the private players are awarding. What about states, sir? Are we seeing traction increasingly fr om state side? Can that become a very sizable opportunity going forward?
Understood. And can they be as large as, say, PGCIL kind of ordering, say, all states combined put together per annum, say, 2, 3 years down the line? Size of the market...

CG Power and Industrial Solutions Limited

CG Power and Industrial Solutions Limited CC-Jun25.pdf · 2025-07-24
Hi sir. Thanks for taking my question, and congrats on a good set of numbers. My first question is with respect to the Industrial segment. We have seen around 15% kind of revenue growth during this quarter. If you can give a flavour of how the growth was in certain key sub products like LT Motor, HT Motor; and even within the railways, the regular propulsion systems for locomotives, the ones for Vande Bharat; how the revenue has panned out and visibility for KAVACH orders; and also exports. If you can give a flavour on how the growth is trending on all of the sub segments, it will be really great?
Understood. And with respect to the KAVACH order, last year, we got around INR 800 crores of orders. And this year, first quarter, around INR 180 crores of orders we have got. What kind of run rate should we kind of look at every year annually over the next few years for KAVACH? Should it be in that INR 800 crores to INR 1,000 crores kind of range?

Havells India Limited

Kaynes Technology India Limited

Kaynes Technology India Limited CC-Jun24.pdf · 2024-07-27
Hi, sir. Thanks a lot for taking my question and congrats on a very g ood set of numbers once again. My first question is with respect to the industrial segment. Just wan ted to get a sense as to how the mix is there in the industrial business with respect to smart meters and other products, and what kind of growth that we can think of with respect to this particu lar category over the next two to three years? Where does visibility come from in terms of growth across various sub- product categories in this space?
Understood, sir. And my second question is with respect to the medica l equipment business. So that particular segment has been a bit of soft over the past couple of y ears in terms of growth and this quarter you had talked about one contract coming from the me dical side. Even competitors like Syrma etc they hadn't reported good numbers beyond the point after acquiring the one company. So why is it that this particular segment is not growing as fast as the other segments? We understand that I think it carries better margins etc. How's the outlook for this particular category?

Cummins India Limited

Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2024-05-30
Congrats on a good set of numbers. First, with respect to the power gen business. I have 2 questions. One is what has been the volume growth that you had seen this year vis -a-vis last year? Just to get a sense on what is the volume growth and value growth mix that we had seen. And secondly, what is the share of data centers? Was there any large orders which were there this quarter? Or do you expect any large orders coming in over the next 12 months?
And there has been a sharp up -move in the industrial business revenue this time. 60% growth, yes, there was a slight base effect which was there in the corresponding quarter last year. But even adjusted for that, the number would have been very strong. Which are the segments which are driving this growth, sir?
Cummins India Limited CC-Mar24.pdf · 2024-05-30
Congrats on a good set of numbers. First, with respect to the power gen business. I have 2 questions. One is what has been the volume growth that you had seen this year vis -a-vis last year? Just to get a sense on what is the volume growth and value growth mix that we had seen. And secondly, what is the share of data centers? Was there any large orders which were there this quarter? Or do you expect any large orders coming in over the next 12 months?
And there has been a sharp up -move in the industrial business revenue this time. 60% growth, yes, there was a slight base effect which was there in the corresponding quarter last year. But even adjusted for that, the number would have been very strong. Which are the segments which are driving this growth, sir?