Stockrabit · Analysts
Questions across 27 calls

Sneha Talreja

Nuvama

Welspun Corp Limited

Welspun Corp Limited CC-Feb26.pdf · 2026-02-02
Congratulations on great set of numbers. A couple of questions from my end. Firstly, you mentioned that on budget, of course, there has been great announcement on JJM front. And you also expect the momentum starts on quarter 1 of this year. The question was while last year also, there were allotments made, but we did not see the spending coming in from government. What's the confidence that we have for this particular year, the amount which is budgeted would actually be spent?
We also knew that there are some payments which are pending for the projects which are already completed. Have we seen signs of revival around for those funds getting released?
Welspun Corp Limited CC-Jun25.pdf · 2025-07-30
Congratulations on great set of numbers. Just wanted to understand, you mentioned about OPVC orders getting received. What is the order booking looking like and which are the places from where we have received orders. Some color would be helpful here.
Sir, that's good to hear. Just wanted to understand some numbers here. What's the capacity likely to look like the end of March '16 and March '17. And how do you s ee the utilization of this capacity? And at what capacity do we actually start making money because if I'm not wrong, these are huge capex capacity plans?

DOMS Industries Limited

DOMS Industries Limited CC-Feb26.pdf · 2026-02-02
Congrats on the good set of numbers. Just a couple of questions from my end. Firstly, on paper stationery, we have seen a degrowth. And I recall, Rahul, you telling me, you're really largely focusing a lot towards it. So what's missing here and why the degrowth is what I wanted to understand?
Secondly, on the new capacity, which is likely to come up and you've been saying that you're really coming up in phased manner, if at all can you give some breakup as for first year, which are the products where the focus will be on, so as to analyze the growth in individual segments and followed by next year, expansions will be in which other phase.
DOMS Industries Limited CC-Nov25.pdf · 2025-11-11
Congratulations on great numbers once again. Just 2 questions from my end. Firstly, I think in the opening remarks, you were mentioning that, of course, there was GST impact a few days because a lot of your products, GST gone down to 0-odd percent. Just wanted to understand, would we be able to quantify where exactly in which particular segment impact would have been higher? And more importantly, if that was not the issue of destocking, where we would have landed up with respect to sales?
That was quite helpful, Rahul. And I'm sure by now you would have also done the backward analysis of the GST input credit that you were getting. Any meaningful impact or based on that itself, you've just passed on the pricing? So what I want to impact is the understanding on your profits, the way they would move with GST price.
DOMS Industries Limited CC-Jun25.pdf · 2025-08-11
Just wanted to understand what would be our share of exports from US? And are you seeing any impacts on the tariff side or items are low ticket items to see any impact, any color on this would be helpful?
Secondly, I just wanted to understand, of course, you believe in conservatively guiding. And even in this particular quarter, what we have seen is you have grown by 26% against your guidance of 20% and your margins have also come in against 17.6% against 16.5% to 17.5% that you guide for. Do you think any reason of revising this upwards? Along with this also, in your opening remarks you highlighted that market around is uncertain. Could you explain how is it in terms of demand and how are you able to get this amount of pull in the market? Thanks for this.
DOMS Industries Limited CC-Sep25.pdf · 2024-11-11
Sir, my question was more related to margins. You have been surprising us on a positive note for consecutive 2 quarters even of last year. Now, you have guided for 17% of the margin and I understand your Uniclan will come with a lower margin, but to achieve the 17% run rate , we will have to go down to 15%, which is what we don't foresee going in the second-half. So would you like to give any revised guidance for both FY25 as well as the coming times for the margin front?
Secondly, I would like to know if we have spoken a lot on the Uniclan acquisition, but just wanted to go back with some numbers, how are we doing with other acquisitions that took place, be it SKIDO, what are the plans at this point of time in those acquisitions ClapJoy? Some sense that would be helpful?

APL Apollo Tubes Limited

APL Apollo Tubes Limited CC-Nov25.pdf · 2025-10-29
Many, many congratulations on great set of numbers. Just a couple of questions from my end. Firstly, I wanted to understand the EBITDA per ton increase on a quarter-on-quarter basis. While we understand ESOP cost is missing -- but if at all you can quantify what are the other reasons for margin improvement?
An extension to your answer, Anubhav you are also estimating your second half to be better. That means your operating leverage should further kick in. So if this is a base level EBITDA per ton of INR5,200, you're still guiding for a number of INR4,600 to INR5,000 EBITDA per ton level on an annualized basis. Any reason why you would want to maintain that or not upgrade the EBITDA per ton number? I'm not asking for volume number because -- while I understand the environment is not such, but on the EBITDA per ton purely where you already hit INR5,200 and assuming there's no one- off here?
APL Apollo Tubes Limited CC-Jul25.pdf · 2025-07-24
Good evening, sir. And thanks a lot for the opportunity. Just a couple of questions from my end. We, of c ourse, hinted to H2 demand revival and we always do that in the building materials space. But what's the real change that we're expecting and how confident are we for that demand pickup, especially on the infrastructure part as well?
Understood. So, secondly, on the primary and the secondary steel gap, I cl early recall that, you were telling that, things actually worsen when gap hits Rs. 10 odd until Rs. 8 odd probably, you were safe. We are almost at that level now. Are you seeing demand moving back on the general structure side to Patra players? If yes, what is the structural way of dealing with this volatility? Because whenever we see a gap reducing, we, of course, see a great amount of volume up tick for your company. But then it always reverses whenever the gap extends. What is the structural way of looking at this gap?
APL Apollo Tubes Limited CC-Dec24.pdf · 2025-01-20
Congratulations on great set of numbers. Just a couple of questions. On the previous participant's question, you put discounting is reducing. Versus Q3, where are we at this point of time?
Understood. Secondly, just wanted to take some flavour. I know you have been mentioning one fact that HRC capacity is in India are getting added up. But what is -- still there's an ADD implementation? How do we make sure that the gaps will still remain? So just some comfort on the gap of Patra prices and primary prices remaining?

Supreme Industries Limited

Kajaria Ceramics Limited

Kajaria Ceramics Limited CC-Sep25.pdf · 2025-10-16
Congratulations on great margins. Just a couple of que stions from my end, while you spoke about employee expenses coming down further and other expenses also coming down. What I wanted to understand is power and fuel cost too is down this particular quarter, what would be the reasons here for savings? Is it an industry-led phenomenon?
Understood, sir. And any numbers that we can get, how much further reduction can we get ? I know the previous participant has already asked this. But maybe in terms of raw material expenses also, while you were saying there could be some savings there also and how are those savings coming up in raw materials?

Astral Limited

Astral Limited CC-Dec24.pdf · 2025-01-30
. Thanks a lot for the opportunity and congratulations on strong margins. Just a follow up to what you just said that now the focus will be on volumes and margins you are already doing the highest. Firstly, I would like to understand how did you manage to do this margin on a quarter- on-quarter basis, higher, given your volumes were flat. And from here, would you be following the strategy of discounting on pricing as done by many other players to gain volumes? And if that's the case, what is the outlook we should expect in terms of volumes?
But this would come along with discounting?
Astral Limited CC-Jun24.pdf · 2024-08-09
Just a couple of questions from my end. In fact, an extension to the previous question on Paints. Given that we've just launched it in Gujarat and Karnataka, how are you looking at further launches? And what kind of revenues can we see maybe from 2 to 3 years' perspective in this particular division?
Understood. So that was pretty helpful and detailed answer. Just second question from my end was related to pricing, espe cially CPVC. Of course, we see PVC being volatile. CPVC, there were a lot of price hikes, which were anticipated. How is that panning out? Is it still have an anticipated more are we passing anything on? And moreover, how the inventory levels at the dealer distributor level. This was the last.