Stockrabit · Analysts
Questions across 65 calls

Siddhartha Bera

Nomura

Kaynes Technology India Limited

Kaynes Technology India Limited CC-Jun25.pdf · 2025-07-31
Sir, I had some queries on the revenue subsegments, for example, how is the ramp -up in smart meter happening current quarter and going ahead over the next couple of years? And second is on the EVs as well as on the aerospace and railways because we haven't seen much there happening at least in the current quarter in aerospace and railways. So if you can just highlight some of these subsegments, how should we think about the ramp-up for the year?
Got it, sir. And sir, on the capex, sir, if you can highlight what is the plan…
Kaynes Technology India Limited CC-Mar25.pdf · 2025-05-16
Congrats on a good set of numbers. Sir, first question is on the given the very strong traction in the order book, would it be possible to highlight given this traction, what is the sort of numbers you are targeting now for the next 2 years for the EMS business as of now? And what segment will be the key driver? Will it be again smart meters? And what will be the contribution, if you can share?
Got it, sir. And second, sir, on the capex side, we are doing close to INR950 crores last year. So what is the capex you're looking at for this year? And within this, wh at will be for the EMS business and what will be for the OSAT and PCB segments, if you can just break it down?
Kaynes Technology India Limited CC-Dec24.pdf · 2025-01-28
Sir, first question is on the smart meter side. We have seen a couple o f new states also sort of giving orders, I think Bihar and Rajasthan. So if you can just guide us about order book in smart meters, how much are we planning to execute over the next 1 yea r, if you have got anything more? And second is, basically on this guidance cut also for this year, is it m ore of pushback to next year because you said that you're going to catch up the lost cut of revenues in the current quarter in a couple of -- in the coming quarters. So some sense there, the reason for the cut and how should we think about next year?
Understood, sir. And in the other segments like probably aerospace as well as railways, I think the execution has been a lot slower. So we were expecting some stronger ramp up in the next year in FY '26. So some thought process there, where are we in terms of the execution and seeing the benefits in the order book and revenues?

Motherson Sumi Wiring India Limited

Motherson Sumi Wiring India Limited CC-Jun25.pdf · 2025-07-28
Yes. Hi, sir. Thanks for the opportunity. Sir, first question is on the ex-Greenfield numbers which we have disclosed, we do see that margins there also have come down a bit from the 12.5% levels we have been doing in the last couple of quarters to 11.8% in the current quarter. So possible to highlight, why has it also probably moved downwards? Any particular thing to call out that and how should we sort of see that going ahead?
Sir, product mix by mix, you mean EV share or is it between PV or two-wheeler per mix has changed? What exactly is that?
Motherson Sumi Wiring India Limited CC-Mar25.pdf · 2025-05-09
Yes. Hi, sir. Thanks for the opportunity. It's good to see that the Greenfield losses have kept on coming down every quarter in the past few quarters. Sir, first question again on this aspect only, so we have already started one Greenfield, and two are about to come. So the losses mainly pertain to the two new Greenfields? Or the first one which has started that also has some element of loss because of the lower utilization?
Okay, understood. And second question , sir when you say that the EV revenue share is 4%, does it include only the high voltage harnesses or this will have some low voltage harnesses also which will be going in this?
Motherson Sumi Wiring India Limited CC-Dec24.pdf · 2025-02-06
Sir my first question is on growth. We have seen revenue growth, which has been much higher than industry volume growth in the past. That gap seems to have come down quite a lot in the last couple of quarters. So, is this more reflective of the current content increase being lesser than in the past and is there any changes in market share also in the industry or we are largely seeing similar market share?
Will it be possible to share the EV segment high voltage wiring harness contribution in the current quarter's revenues or probably in the last 9 months?

Cartrade Tech Limited

Cartrade Tech Limited CC-Jun25.pdf · 2025-07-28
Congrats on a good set of results.
Sir, first on the OLX. So like you mentioned that you have already taken a few initiatives, which should sort of start helping the growth momentum going ahead. So if you can provide some more color about how to sort of see the improvement? I mean, will returning to that double-digit 15%, 20% take some more time, probably a year because of the initiatives will proba bly take some time to roll out o r how do you see in terms of the impact on the revenues from a growth perspective given the initiatives which you have taken?

Balkrishna Industries Limited

Balkrishna Industries Limited CC-Jun25.pdf · 2025-07-28
Sir, first question, again, on this U.S. tariffs. I understand the tariffs came sometime during the quarter and not for the entire quarter. So will it be possible to share like of the total U.S. revenues for us in Q1? What percentage has got impacted by the tariffs?
Okay. Because U.S. volumes have seen a good jump in the quarter. So this is despite the entire quarter being under tariff. And despite that, we have seen a good pickup in the U.S. volumes. Is it the right way to look at it?
Balkrishna Industries Limited CC-Mar25.pdf · 2025-05-24
Sir, first question again is on this new segments which we are planning to enter over the next 5 years. Some more clarity if you can share because these are quite competitive segments in terms of the number of players who are there, been operating here for quite some time and we probably being one of the quite late entrants now. So what gives us the confidence of, probably, the right to win here? And how do you think in terms of the product or the brand, the sort of ramp-up will be here? I'm sure you need to maybe invest a lot more on network brand building as well. So some color there, how you think about some of the investments now as we enter these new segments going ahead?
Got it, sir. On the investments, like I was checking, we do spend around 5% every year to sort of improve the brand visibility in both India and global markets. So now with this new foray, do you think that also changes because you need to maybe reach out more to -- and we are targeting the replacement segment. So we maybe need to reach out more to the consumers in India. and on the network also. So do you think there will also be some change to the investment plans you have over the next few years in these areas?
Balkrishna Industries Limited CC-Dec24.pdf · 2025-01-27
Sir, my first question is slightly more color, if you can give, on the demand outlook across regions. We do see that Europe mix has come down further, implying that it probably has declined in the quarter. So any signs you are seeing there in terms of recovery? By when can we expect growth to sort of come back there? And second is, similarly, if you look at the other regions, for example, especially the rest of the world, we have seen a very strong growth in that segment. So some color there, which country is probably driving this and how to think about the outlook here?
And any color on the rest of the world, sir, which country is probably driving that and how sustainable the growth there is? Any one-offs otherwise?

Havells India Limited

Havells India Limited CC-Jun25.pdf · 2025-07-21
Hi, sir. Thanks for the opportunity. Sir, first question is on the “others” and ECD category where we have seen decline. Now I believe others also includes many other components. So, is there a seasonal element there as well where we have seen a drop or any particular category which is sort of leading to that decline? And same for ECD, is it largely only led by fans? Or there are categories where you have seen growth? So, some color there would be helpful.
Understood. And when you say, this is transitory, have you already seen signs of any recovery sort of playing out in any of these categories in the current quarter or going ahead or still things remain lackluster as of now?

CEAT Limited

CEAT Limited CC-Jun25.pdf · 2025-07-18
Sir, my first question is on this realization where you mentioned that we had seen some reduction in the realization for the international markets. Possible to highlight what is the reason for this? Did we need to absorb some tariffs or why -- or it is a function of mix? So if you can just help us understand why it was lower?
Got it. And secondly, sir, on this tariff scenario, now like for this year also, we are nearly half of this year already done. So for the current environment, what is the scenario? Is Camso able to sort of pass on the entire tariff or how much they need to absorb as of now? So if you can share some thoughts there for the near term, that will be very helpful.

Voltas Limited

Voltas Limited CC-Mar25.pdf · 2025-05-08
Sir, first question on the demand outlook for this year on the RAC side, given that near term we have seen some softness given the seasonal rains, would it be possible to indicate how much are we budgeting in terms of outlook volume growth for the coming year? And second, on the market share as well, I mean, we did maintain market share on a Y -o-Y basis, but every quarter we have seen some moderation. So do you think market share gains will be a priority now given the outlook? So that will be the first question.
Voltas Limited CC-Sep24.pdf · 2024-10-30
Sir, on this margin side some color in terms of the commercial category, you indicated last quarter there were some inventory adjustments and that let to margin pressure. So, now with this type of competitive intensity which we are seeing, includes some improvement for the commercial category also in terms of margins going ahead or this is something which may continue to be there in the next few quarters?
So, sir problem is basically commercial refrigeration there we have seen some margin softness in the quarter.

UNO Minda Limited

UNO Minda Limited CC-Dec24.pdf · 2025-02-06
Hi, sir. Thanks for the opportunity. Sir, first question is on the lights business, both for lights and LMT, what will be the current capacity utilization and do you think with this new capacity is now coming up, we should expect a step up in the growth momentum from where we are currently given that you are gaining lot of orders and market share, so will that be the right assumption? That is one. The second question is, and also if you can share the mix between two- wheeler and four-wheeler segment for lights and switches business? Second is on the four- wheeler on the seating business. We indicated that we have got a large export order if you can quantify that amount and how to think about growth in the coming year, because this year has been quite soft? And lastly, sir any update on the new businesses on Innovance and EV Motors also, which we have, how to think about ramp up?
Any updates on the Innovance JV and EV Motor segment also which we are ramping up in the coming years?
UNO Minda Limited CC-Sep24.pdf · 2024-11-12
Congrats on a great set of numbers. Sir, my first question is, I mean, on the TLA with Suzhou, any color there about investments? How much will be required by when you plan to start making them? And by when should we expect revenues to sort of come in, that is the first. Sir, second question is on the seating side. I mean, we continue to see a soft growth here, and we were talking of some customer addition here in the last quarter also. Do you think the ramp -up here will be a bit slower because I think earlier, we were talking about the INR 1,500 crores of top line for this segment for this year, seems like it is slower. So some color and outlook there? And third is, sir, if you just can clarify the net debt, again, I sort of missed that at the end of the year, how much is the net debt now?
Sir, then a follow -up basically on the capex side now with so many new projects being lined up, what is the plan for this year? And how do you think we should expect for the next year as well, if I look at the overall capex?

Dixon Technologies (India) Limited

Dixon Technologies (India) Limited CC-Dec24.pdf · 2025-01-20
Sir, first question on this display capex, over what period do you think this will be spent? And even if you assume, say, a 30% share of ours, the investment do you think can be funded through internal accruals? Or do you think there can be other funding requirements you may look to sort of close this?
Got it. And second, sir, on the mobile side n ow, if you can just highlight how much Ismartu volumes we did in the quarter? And as we go in the next few years, how much do you think the volume ramp-up can be and same for some of the other bigger customers like Xiaomi, where are we seeing in the next few years our number reach up to?