Questions across 12 calls

Vijay Pandey

Nuvama

Castrol India Limited

Castrol India Limited CC-Feb26.pdf · 2026-02-04

Sir, sorry, the -- this is first time I'm coming to the con call. So I may not be well-versed with much details about previous calls. I wanted to understand how are we -- what is our expectation because of the upcoming EV growth? So how do we see the transition between the -- from that? So how much impact will it be on our numbers going forward in midterm as well as in the long run? And in the case of -- because of the increase in P HEV and hybrid sales, does that also carry lower contribution for our -- like does PHEV and hy brids have a lower sales, per unit sales for Castrol or is it at similar level as compared to ICE? So that would be my first question, sir.

Yes, exactly.

Action Construction Equipment Limited

Action Construction Equipment Limited CC-Feb26.pdf · 2026-02-04

I have a couple of questions. First is, in terms of the guidance, our guidance is slight growth or is it flat growth for FY '26 for full-year? Does it include volume or is it on value terms?

Secondly, in terms of the PLI scheme. What is our expectation on which of the products will it and where we have the capability to supply it?

Action Construction Equipment Limited CC-Mar25.pdf · 2025-05-27

A couple of questions. First, on the our selling price, our average realization. So our average realization for the Grain Construction Equipment and Material Handling business has gone up by 2% in fourth quarter. I just wanted to chec k we said that a mission norms created a 5% to 6%, for 5% growth on price increase. So I just want to check, where this delta coming from?

Okay. Blended increase will be around 7% to 8%. Secondly, sir, if you can help us think about what is your margin expectation because we did 18% margin in second quarter and third quarter, but it has now slide below 18%. So do you expect it like do we expect 18% level to be maintained? Or is it will be like 18% is the slow level should we consider? Or is it a mid -level or like top level? What should we take 18% for FY '26?

Action Construction Equipment Limited CC-Dec24.pdf · 2025-02-10

Congratulations for a good set of numbers. Sir, I wanted to check with you what are the main export markets are you targeting to get North America, Europe and in Europe, which major countries? That will be my first question.

Okay. Okay. That's helpful. And secondly, sir, in the third quarter, I think that there's been a big jump in othe r expenses of around INR18 crores or INR19 crores. If you can help me understand where that difference coming from, that will be very helpful?

Belrise Industries Limited

Belrise Industries Limited CC-Feb26.pdf · 2026-02-02

Good that you completed the acquisition, the related party acquisition. It was one of the key points which you highlighted at the time of IPO. So coming on to the Q3 numbers, generally, the other suppliers which have reported the numbers, they have seen a good level of growth, especially for the two-wheeler segment? Even Bajaj Auto, their sales was up around 7% in third quarter. So I'm a bit confused at where our underperformance is coming from. Is it like any particular model or how is it? Because I'm just not able to get that sense of why we have underperformed, even if I compare it with Bajaj Auto's number?

How do you see currently the demand looking like for the fourth quarter? Do you expect it to be like positive mid single-digit growth going into the fourth quarter or should we expect a flattish growth?

Belrise Industries Limited CC-Nov25.pdf · 2025-11-12

Hi sir. I have just one quick query. It's regarding JLR. So, JLR, the production was impacted this quarter. So, did you have any impact from this trade? And are we expecting to see the ramp-up from Q3 onwards?

And so, secondly, on the margin side, since we are now ramping the two plants that are still in the start-up phase, so do we expect any incremental cost from these until the entire ramp -up is possible? And when do you expect to s ee the full ramp -up or like 60%, 70% utilization from these plants?

CEAT Limited

CEAT Limited CC-Oct25.pdf · 2025-10-17

Hi, sir. Thank you for taking my question s and congratulations for an excellent quarter. Sir, wanted to check in terms of price and bifurcation of realization growth that came at around I think 3% to 4%, so what will be the bifurcation between price and mix, if you can just give a detail?

Okay. And sir, is it fair to assume that the channel mix was negative for this quarter because replacement demand was lower than the OE demand?

CEAT Limited CC-Dec24.pdf · 2025-01-16

Sir, there are two questions. One is I wanted to check what is like, profit and exposure in terms of natural number and synthetic rubber like, how much of the total cost will be from raw material, natural rubber and synthetic?

And sir, in terms of exposure like 30% natural number is 30% evenly distributed or?

Escorts Kubota Limited

Escorts Kubota Limited CC-Mar25.pdf · 2025-05-08

Hi, sir, thank you for taking my questions. I just wanted to check with you about the industry outlook in the domestic market if you can guide and also region wise whether North or south, which will be the dominant region for the growth in FY26?

Okay. And sir, can you share what is your strategy on the construction equipment side because the sales has been declining and probably we have also lost market share in construction equipment, so if you can ju st briefly tell us w hat is your mid -to-long term view on the industry and how are you planning to tackle the decline in sales?

Escorts Kubota Limited CC-Dec24.pdf · 2025-02-10

Sir, just wanted to check about what the industry outlook, both for the fourth quarter and for the next year after the -- like the recent government budget announcements. If you can just give us a brief overview about how the industry looks like, what will be the growth like in FY '26 and then 3 to 4 years time frame, that will be very helpful?

Okay. Thank you.

Tata Elxsi Limited

Tata Elxsi Limited CC-Dec24.pdf · 2025-01-09

Thank you for taking my questions. I have one question. I just wanted to understand like the electric vehicle services in Western market, particularly in the U .S. and Europe, are stagnated but how do you look at how the software-defined vehicle and ADAS levels? Is that also where you are showing seeing a slowdown, or is it continuing at the similar pace as what was expected? My understanding is since that it has slowed down, if you can highlight what is the level of penetration you expect particularly by end of the decade, by FY 2030, auto?

Software-defined and ADAS.

Ramkrishna Forgings Limited

Ramkrishna Forgings Limited CC-Dec24.pdf ·

Sir, I have two questions. One was I wanted to check on what is your long -term view on like exports, like what is your target especially coming from the auto sector in the export segment? It has been slightly declining, and we know that auto sector in general outside India has been on declining trend. So, just wanted to check, are you planning to move to increase share in other segments in the export?

Thank you Sir. I just wanted to confirm about the pricing, the average realization, if you can just guide us how the realization will look like for the fourth quarter for FY ’26. Is it going to be broadly in line or do you expect to increase it?