Stockrabit · Analysts
Questions across 72 calls

Ritesh Shah

Investec

Hindalco Industries Limited

Hindalco Industries Limited CC-Mar25.pdf · 2025-05-20
Hi, sir. Thanks for the opportunity. Sir, first question is on bauxite , can you highlight what is our total requirement? And where are we sourcing it from? And specifically on OMC, if we have any long -term tie-up, if you could highlight the tonnage and pricing over there. And again, a second derivative question over here, we have won a couple of composite leases, including Damchua and Surbena. The hectarage over here is quite significant. Just trying to understand where are we on those two leas es as well. That's the first question on bauxite, sir.
Sir, Damchua and Surbena, these are the two composite leases that we have won , so wanted to understand what's the status.

Kajaria Ceramics Limited

Kajaria Ceramics Limited CC-Sep24.pdf · 2024-10-22
A couple of questions. Sir, first is, in the last analyst meet, you had indicated that we will focus on government projects, and we'll have a pan India team. You had also indicated certain target numbers from this particular segment. Any specific update over here? And what will be the contribution of government projects, if you could please help on that?
That's useful. And si r, would it be possible for you to quantify what percentage of our total volumes are from government projects right now and where we aspire this number to be?

JINDAL STEEL LIMITED

Ambuja Cements Limited

ACC Limited

UltraTech Cement Limited

The India Cements Limited

Steel Authority of India Limited

Steel Authority of India Limited CC-Dec24.pdf · 2025-02-12
Yes, hi, sir . Thanks for the opportunity. S ir, my first question is , what should we make of government 's thinking of potential safeguard duties, import duties? We have heard a lot about it, but nothing has happened as yet. So, how are you looking at it? Th at's the first question. The second question is on the cascading royalty. I think the Supreme Court had given a deadline of 7th of Jan. It got pushed out to 7th of Feb. Is there specific update over there? That's the second question. And the third question, sir, if you could give your thoughts on Karnataka proposed access on which way it can actually go forward or can the centre put a tap on the extent of levy that the state government can potentially propose? These are the three questions. Thank you.
Sure. That's helpful. And sir, just a bookkeeping question. Sir, how did the flat and the long prices move from Q2 to Q3 ? And i f you could highlight with the current spot prices also that will be quite useful? Thank you.

Vedanta Limited

Vedanta Limited CC-Dec24.pdf · 2025-01-31
Hi, thanks for the opportunity and congratulations for a great refi. First question was on capital allocation. I think Chris made a comment on TCRC and he also indicated looking at integrated production. So, just wanted to have some thoughts on whether it's with respect to the M oU in Saudi Arabia, $2 billion. Will it be at Vedanta India level or at VRL level? How should we look into that?
No, Vedanta Copper basically we have signed a MoU with Saudi Arabia to invest $2 billion. It's for an integrated smelter refinery. So , wanted to understand what the status of this particular project is and whether it will fall at Vedanta India or at VRL level.
Vedanta Limited CC-Sep24.pdf · 2024-11-08
Couple of questions. First, I will just continue with VRL. Sir, just a clarification. When we see this $4.8 billion, is this including IC L and whatever we have outstanding on KCM? If not, including both these variables, what the number would be?
And do we, sir, have anything outstanding at Konkola Copper miness? I think there were some operational cre ditors which were taken care of and there was some initial incremental commitment of $1.2 billion over a few years. Is that a part of debt or something that we are looking at VRL level?

Jindal Stainless Limited

JSW Steel Limited

JSW Steel Limited CC-Dec24.pdf · 2025-01-24
Sir, first question is on the regulatory side. Any update with respect to the IBM notified pricing for iron ore? That's one. Secondly, how would you reflect upon the Karnataka state government taxation? And is there any scope of centre stepping in and reversing the same or potentially capping it to some level? That's the first question. Second question is, why is the cl assification on debt right now ? which is a good thing that we have done. And how are we looking at the debt profile going forward given we are pretty much at the kissing distance to 3.75x net debt to EBITDA?
Sir, IBM notified price.
JSW Steel Limited CC-Sep24.pdf · 2024-10-25
A couple of quick question s. The first is , you indicated on the working capital release in the second half, would it be possible for you to quantify the number, please?
Sure. My second question has two parts. One on iron ore and second is on coking coal. Iron ore, Jajang, sir, can you please take us through the underlying reason wh y we are surrendering? I understand we have indicated non-viability. Was it just because of the sizing or was it the distance of the mine from the plant because the premium what we have paid over here, I think it's lower than few, a lot of other mines that we have paid for? So that was one. And secondly, on coal, possible to quantify some numbers on Illawarra tonnage, and the total investment that we have made ri ght now, and incrementally, what is expected. And you indicated on sales around 2 million tonnes. What is the sort of pricing and by when do we see the benefits of this?

SHREE CEMENT LIMITED

Astral Limited

Astral Limited CC-Sep24.pdf · 2024-11-07
Thanks for the opportunity. Four quick questions. Sir, first i s for Sandeep bhai. Sandeep bhai how do you balance quality, profitability and volume growth? What we have seen over the call and over the years as well, there has been a lot of emphasis on profitability and the company has rightfully delivered so. However, volume growth is something which has gotten a bit subdued. Now the reason to ask this question is when we speak with the channel, they indicate Astral quality is very good. S o that's the reason why I ask, how do you look to balance quality, profitability and volume growth? That's the first question? Second question for Hiranandji . Sir, in the prior call, you had indicated that we are going for several cost control measures. We do see improvement on a sequential basis, but would be worthwhile if you could highlight what measures have we implemented? And are all the full benefits already visible in the numbers or there is more that we can expect? And third, earlier, we have spoken about growth engines, which also included Drain Pro, valves and tanks. It would be good to have some colour and some quantification around what the current run rates are and what are the numbers that we are looking for the full fiscal & thank you
Just a quick follow -up. Sir, I did ask for specific measures that you have implemented on the cost side. You indicated manpower rationalization. Would you please highlight other measures that we have implemented? And if you can possibly give an absolute number of incremental cost savings that we are looking at in forthcoming quarters?

Dalmia Bharat Limited

Dalmia Bharat Limited CC-Sep24.pdf · 2024-10-21
Couple of questions. First is, in the initial remarks, you indicated that we expect pricing to inch up in the second half, subject to competitive intensity. The question is, what is our strategy to combat competitive intensity?
Just a related one. You indicated we will align ourselves with the d ealers. I think it's probably visible given the discount increase that we have seen in FY '24 annual report or FY '23, it's a pretty steep bump, almost 7%. And it stacks up in line with the highest in the industry. And if I look at the same variable it's like 13% CAGR over the last 5 years. So when we say basically focus will be on cost, how should we look at incentives and discounts because this number has been ballooning up very, very sharply, impacting profitability. So , are we saying that we will scout for market share in the interim, if it means playing along with the dealers to ensure that we maintain our market foothold?

Hindustan Zinc Limited